Axogen, Inc. (AXGN)

Axogen Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	225.21	187.34	159.01	138.58	127.36
Revenue Growth (YoY)	20.21%	17.81%	14.74%	8.82%	13.41%
Cost of Revenue	57.86	45.36	37.14	29.78	22.93
Gross Profit	167.35	141.98	121.87	108.81	104.43
Selling, General & Admin	142.32	117.5	115.99	112.89	105.67
Research & Development	32.89	27.77	27.34	25.63	24.18
Operating Expenses	175.2	145.26	143.33	138.52	129.84
Operating Income	-7.85	-3.29	-21.46	-29.71	-25.42
Interest Expense	-7.7	-8.21	-2.84	-0.62	-1.36
Interest & Investment Income	1.17	1.14	1.49	0.57	0.09
Other Non Operating Income (Expenses)	-1.32	0.39	1.09	0.81	-0.31
EBT Excluding Unusual Items	-15.7	-9.96	-21.72	-28.95	-26.99
Pretax Income	-15.7	-9.96	-21.72	-28.95	-26.99
Net Income	-15.7	-9.96	-21.72	-28.95	-26.99
Net Income to Common	-15.7	-9.96	-21.72	-28.95	-26.99
Shares Outstanding (Basic)	46	44	43	42	41
Shares Outstanding (Diluted)	46	44	43	42	41
Shares Change (YoY)	4.05%	3.22%	1.89%	2.11%	3.12%
EPS (Basic)	-0.34	-0.23	-0.51	-0.69	-0.65
EPS (Diluted)	-0.34	-0.23	-0.51	-0.69	-0.65
Free Cash Flow	-2.93	1.43	-19.59	-36.14	-41.22
Free Cash Flow Per Share	-0.06	0.03	-0.46	-0.86	-1.00
Gross Margin	74.31%	75.79%	76.64%	78.52%	81.99%
Operating Margin	-3.48%	-1.75%	-13.50%	-21.44%	-19.96%
Profit Margin	-6.97%	-5.32%	-13.66%	-20.89%	-21.19%
Free Cash Flow Margin	-1.30%	0.77%	-12.32%	-26.08%	-32.36%
EBITDA	-0.87	3.45	-16.97	-26.62	-22.47
EBITDA Margin	-0.39%	1.84%	-10.67%	-19.20%	-17.64%
D&A For EBITDA	6.98	6.73	4.49	3.09	2.95
EBIT	-7.85	-3.29	-21.46	-29.71	-25.42
EBIT Margin	-3.48%	-1.75%	-13.50%	-21.44%	-19.96%

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q