Axogen Income Statement

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
Revenue	214.71	187.34	159.01	138.58	127.36	112.3
Revenue Growth (YoY)	18.72%	17.81%	14.74%	8.82%	13.41%	5.24%
Cost of Revenue	54.19	45.36	37.14	29.78	22.93	21.58
Gross Profit	160.52	141.98	121.87	108.81	104.43	90.72
Selling, General & Admin	129.37	117.5	115.99	112.89	105.67	96.06
Research & Development	27.21	27.77	27.34	25.63	24.18	17.85
Operating Expenses	156.58	145.26	143.33	138.52	129.84	113.9
Operating Income	3.94	-3.29	-21.46	-29.71	-25.42	-23.18
Interest Expense	-7.79	-8.21	-2.84	-0.62	-1.36	-1.05
Interest & Investment Income	1.14	1.14	1.49	0.57	0.09	0.61
Other Non Operating Income (Expenses)	0.61	0.39	1.09	0.81	-0.31	-0.16
EBT Excluding Unusual Items	-2.1	-9.96	-21.72	-28.95	-26.99	-23.79
Pretax Income	-2.1	-9.96	-21.72	-28.95	-26.99	-23.79
Net Income	-2.1	-9.96	-21.72	-28.95	-26.99	-23.79
Net Income to Common	-2.1	-9.96	-21.72	-28.95	-26.99	-23.79
Shares Outstanding (Basic)	46	44	43	42	41	40
Shares Outstanding (Diluted)	46	44	43	42	41	40
Shares Change (YoY)	5.77%	3.22%	1.89%	2.11%	3.12%	1.87%
EPS (Basic)	-0.05	-0.23	-0.51	-0.69	-0.65	-0.60
EPS (Diluted)	-0.05	-0.23	-0.51	-0.69	-0.65	-0.60
Free Cash Flow	3.34	1.43	-19.59	-36.14	-41.22	-31.53
Free Cash Flow Per Share	0.07	0.03	-0.46	-0.86	-1.00	-0.79
Gross Margin	74.76%	75.79%	76.64%	78.52%	81.99%	80.78%
Operating Margin	1.84%	-1.75%	-13.50%	-21.44%	-19.96%	-20.64%
Profit Margin	-0.98%	-5.32%	-13.66%	-20.89%	-21.19%	-21.18%
Free Cash Flow Margin	1.56%	0.77%	-12.32%	-26.08%	-32.36%	-28.08%
EBITDA	10.89	3.45	-16.97	-26.62	-22.47	-21.5
EBITDA Margin	5.07%	1.84%	-10.67%	-19.20%	-17.64%	-19.14%
D&A For EBITDA	6.95	6.73	4.49	3.09	2.95	1.68
EBIT	3.94	-3.29	-21.46	-29.71	-25.42	-23.18
EBIT Margin	1.84%	-1.75%	-13.50%	-21.44%	-19.96%	-20.64%

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