Axogen Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	35.55	27.55	31.02	15.28	32.76
Short-Term Investments	5.98	5.93	-	33.51	51.33
Cash & Short-Term Investments	41.53	33.48	31.02	48.79	84.09
Cash Growth	24.03%	7.92%	-36.41%	-41.98%	-19.12%
Accounts Receivable	26.17	24.11	25.15	22.19	18.16
Receivables	26.17	24.11	25.15	22.19	18.16
Inventory	42.37	33.18	23.02	18.91	16.69
Prepaid Expenses	6.35	2.45	2.81	1.94	1.86
Restricted Cash	4	6	6	6.25	6.25
Total Current Assets	120.42	99.22	88	98.08	127.05
Property, Plant & Equipment	94.52	98.93	104.29	93.66	78.12
Other Intangible Assets	6.75	5.58	4.53	3.65	2.86
Total Assets	221.69	203.73	196.83	195.39	208.02
Accounts Payable	2.89	8.01	11.77	8.96	5.92
Accrued Expenses	18.3	20.63	17.11	13.48	16.54
Current Portion of Leases	2.37	1.97	1.55	1.31	1.83
Total Current Liabilities	23.56	30.61	30.43	23.75	24.29
Long-Term Debt	52.27	49.9	49.59	50.23	50.38
Long-Term Leases	16.87	19.22	21.14	20.41	20.8
Other Long-Term Liabilities	0.14	0.09	-	-	-
Total Liabilities	92.84	99.82	101.16	94.39	95.47
Common Stock	0.47	0.44	0.43	0.42	0.42
Additional Paid-In Capital	435.34	394.73	376.53	360.16	342.77
Retained Earnings	-306.96	-291.26	-281.3	-259.58	-230.63
Shareholders' Equity	128.85	103.91	95.67	101	112.55
Total Liabilities & Equity	221.69	203.73	196.83	195.39	208.02
Total Debt	71.52	71.09	72.28	71.95	73.02
Net Cash (Debt)	-29.99	-37.6	-41.26	-23.16	11.07
Net Cash Growth	-	-	-	-	-76.79%
Net Cash Per Share	-0.65	-0.85	-0.96	-0.55	0.27
Filing Date Shares Outstanding	51.9	44.34	43.21	42.6	41.8
Total Common Shares Outstanding	47.2	44.15	43.12	42.45	41.74
Working Capital	96.87	68.61	57.57	74.32	102.76
Book Value Per Share	2.73	2.35	2.22	2.38	2.70
Tangible Book Value	122.1	98.33	91.13	97.35	109.69
Tangible Book Value Per Share	2.59	2.23	2.11	2.29	2.63
Land	0.73	0.73	0.73	0.73	0.73
Buildings	60.68	60.68	60.68	-	-
Machinery	27.42	23.53	21.86	9.54	9.08
Construction In Progress	1.24	1.5	3.67	63.7	45.66
Leasehold Improvements	18.06	17.98	15.35	15.48	14.95

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

SEC Filings: 10-K · 10-Q