The Tip Desk

Axogen, Inc.

Company Stats

Market Cap
$2.3B
as of Sep 30, 2026
Shares Outstanding
53.8M
Free Float
90.7%

Income Statement

Revenue
$225.2M
Operating Income
-$7.8M
Net Income
-$15.7M
EBITDA
-$1.2M
Non-cash Impairment
$64,000
Revenue Growth, 3Y
17.6%
FCF Margin, 3Y Avg
-4.3%
FCF Margin, Worst Year
-12.3%

Cash Flow

Free Cash Flow
-$2.9M
FCF Yield
-0.1%
Owner FCF Yield
-1.5%

Balance Sheet

Cash & Equivalents
$35.5M

Returns & Capital

SBC, 3Y Avg
$20.1M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$225.2M-$2.9M-1.3%
FY2024$187.3M$1.4M0.8%
FY2023$159.0M-$19.6M-12.3%
FY2022$138.6M-$36.1M-26.1%
FY2021$127.4M-$41.2M-32.4%

Annual filing data through FY ended December 31, 2025; shares and float as of October 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage