Axogen Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	23.9	27.55	31.02	15.28	32.76	48.77
Short-Term Investments	11.89	5.93	-	33.51	51.33	55.2
Cash & Short-Term Investments	35.79	33.48	31.02	48.79	84.09	103.97
Cash Growth	45.91%	7.92%	-36.41%	-41.98%	-19.12%	7.73%
Accounts Receivable	30.78	24.11	25.15	22.19	18.16	17.62
Other Receivables	-	-	-	-	-	0
Receivables	30.78	24.11	25.15	22.19	18.16	17.62
Inventory	40.58	33.18	23.02	18.91	16.69	12.53
Prepaid Expenses	3.31	2.45	2.81	1.94	1.86	4.05
Restricted Cash	4	6	6	6.25	6.25	6.84
Other Current Assets	-	-	-	-	-	0.24
Total Current Assets	114.46	99.22	88	98.08	127.05	145.25
Property, Plant & Equipment	95.51	98.93	104.29	93.66	78.12	54.08
Other Intangible Assets	6.43	5.58	4.53	3.65	2.86	2.05
Total Assets	216.4	203.73	196.83	195.39	208.02	201.38
Accounts Payable	25.67	8.01	11.77	8.96	5.92	4.6
Accrued Expenses	-	20.63	17.11	13.48	16.54	17.37
Current Portion of Leases	2.34	1.97	1.55	1.31	1.83	0.86
Total Current Liabilities	28.01	30.61	30.43	23.75	24.29	22.83
Long-Term Debt	50.03	49.9	49.59	50.23	50.38	34.52
Long-Term Leases	17.42	19.22	21.14	20.41	20.8	20.87
Other Long-Term Liabilities	0.14	0.09	-	-	-	0
Total Liabilities	95.6	99.82	101.16	94.39	95.47	78.23
Common Stock	0.46	0.44	0.43	0.42	0.42	0.41
Additional Paid-In Capital	414.15	394.73	376.53	360.16	342.77	326.39
Retained Earnings	-293.81	-291.26	-281.3	-259.58	-230.63	-203.65
Shareholders' Equity	120.81	103.91	95.67	101	112.55	123.15
Total Liabilities & Equity	216.4	203.73	196.83	195.39	208.02	201.38
Total Debt	69.78	71.09	72.28	71.95	73.02	56.26
Net Cash (Debt)	-33.99	-37.6	-41.26	-23.16	11.07	47.71
Net Cash Growth	-	-	-	-	-76.79%	-48.80%
Net Cash Per Share	-0.74	-0.85	-0.96	-0.55	0.27	1.19
Filing Date Shares Outstanding	46.12	44.34	43.21	42.6	41.8	40.74
Total Common Shares Outstanding	46.12	44.15	43.12	42.45	41.74	40.62
Working Capital	86.45	68.61	57.57	74.32	102.76	122.42
Book Value Per Share	2.62	2.35	2.22	2.38	2.70	3.03
Tangible Book Value	114.37	98.33	91.13	97.35	109.69	121.1
Tangible Book Value Per Share	2.48	2.23	2.11	2.29	2.63	2.98
Land	0.73	0.73	0.73	0.73	0.73	0.73
Buildings	60.68	60.68	60.68	-	-	-
Machinery	25.31	23.53	21.86	9.54	9.08	4.97
Construction In Progress	2.41	1.5	3.67	63.7	45.66	24.54
Leasehold Improvements	17.99	17.98	15.35	15.48	14.95	12.98

Source: S&P Global Market Intelligence. Standard template. Financial Sources.