Financial Statements — AXGN
Balance Sheet
(in millions USD)| Metric | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 82.65 | 23.90 | 20.04 | 18.10 | 18.66 | 19.19 | 15.71 | 31.09 | 23.22 | 7.71 | 14.32 | 11.82 | 14.56 | 46.73 | 53.08 | 39.84 |
| Short-term Investments | 18.95 | 11.89 | 9.89 | 3.97 | 5.87 | 1.94 | 1.92 | 1.49 | 11.31 | 30.16 | 38.79 | 46.21 | 52.86 | 44.99 | 46.84 | 51.06 |
| Accounts Receivable | 28.31 | 30.78 | 28.03 | 26.30 | 24.63 | 25.15 | 24.21 | 23.26 | 21.57 | 22.28 | 21.36 | 20.37 | 18.59 | 18.57 | 18.18 | 19.83 |
| Inventory | 46.07 | 40.58 | 36.77 | 35.50 | 29.36 | 28.02 | 27.64 | 23.02 | 21.24 | 19.85 | 19.12 | 19.22 | 17.40 | 15.45 | 13.42 | 13.39 |
| Total Current Assets | 184.71 | 114.46 | 103.42 | 93.07 | 86.25 | 82.26 | 78.66 | 87.44 | 86.18 | 88.70 | 102.45 | 106.78 | 112.48 | 134.97 | 141.79 | 135.15 |
| Property, Plant & Equipment | 83.04 | 82.37 | 82.39 | 83.31 | 85.63 | 86.75 | 87.84 | 89.03 | 87.46 | 83.05 | 74.87 | 70.99 | 66.95 | 56.33 | 50.95 | 44.40 |
| Intangible Assets | 7.27 | 6.43 | 6.12 | 5.88 | 4.68 | 4.52 | 4.34 | 3.88 | 3.65 | 3.46 | 3.06 | 2.97 | 2.81 | 2.33 | 2.11 | 1.98 |
| Total Non-current Assets* | 104.78 | 101.94 | 102.03 | 103.10 | 105.73 | 106.67 | 107.85 | 107.19 | 105.47 | 100.78 | 93.07 | 89.31 | 85.55 | 75.00 | 68.74 | 62.22 |
| Total Assets | 289.49 | 216.40 | 205.45 | 196.17 | 191.99 | 188.93 | 186.52 | 194.63 | 191.64 | 189.47 | 195.52 | 196.08 | 198.03 | 209.97 | 210.53 | 197.37 |
| Accounts Payable | 23.90 | 25.67 | 22.77 | 19.66 | 21.18 | 21.66 | 21.29 | 25.55 | 22.89 | 20.19 | 22.02 | 21.84 | 20.87 | 21.69 | 19.84 | 20.83 |
| Total Current Liabilities | 26.01 | 28.01 | 24.98 | 21.75 | 23.03 | 23.42 | 22.93 | 26.65 | 23.93 | 21.24 | 23.55 | 23.60 | 22.95 | 23.36 | 21.63 | 22.27 |
| Long-term Debt | 0.00 | 48.16 | 47.94 | 47.72 | 47.27 | 47.05 | 46.83 | 46.38 | 46.15 | 45.93 | 45.49 | 45.26 | 45.04 | 46.24 | 46.08 | 32.14 |
| Total Non-current Liabilities* | 18.67 | 67.59 | 68.20 | 69.06 | 69.55 | 69.83 | 70.43 | 70.17 | 70.56 | 70.72 | 70.53 | 70.79 | 71.23 | 71.33 | 70.20 | 55.39 |
| Total Liabilities | 44.68 | 95.60 | 93.18 | 90.80 | 92.58 | 93.25 | 93.36 | 96.82 | 94.49 | 91.96 | 94.08 | 94.39 | 94.17 | 94.69 | 91.83 | 77.67 |
| Retained Earnings | (326.55) | (293.81) | (294.51) | (295.09) | (291.71) | (289.85) | (287.93) | (277.40) | (273.31) | (266.65) | (254.16) | (249.85) | (242.11) | (225.35) | (218.20) | (210.31) |
| Total Stockholder Equity | 244.81 | 120.81 | 112.28 | 105.37 | 99.41 | 95.69 | 93.16 | 97.81 | 97.15 | 97.51 | 101.45 | 101.69 | 103.85 | 115.28 | 118.70 | 119.70 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 61.46 | 59.90 | 60.08 | 56.66 | 48.56 | 49.40 | 48.64 | 47.91 | 41.38 | 42.92 | 41.27 | 38.16 | 36.66 | 36.16 | 36.96 | 34.45 | 31.01 | 31.54 | 31.20 | 33.58 |
| Cost of Revenue | 15.27 | 15.50 | 14.09 | 14.64 | 13.63 | 11.83 | 12.21 | 12.57 | 8.76 | 9.16 | 8.04 | 7.23 | 6.71 | 6.14 | 6.18 | 6.28 | 5.55 | 5.43 | 5.24 | 7.09 |
| Gross Profit | 46.19 | 44.41 | 45.99 | 42.02 | 34.93 | 37.57 | 36.44 | 35.35 | 32.62 | 33.76 | 33.23 | 30.93 | 29.96 | 30.02 | 30.78 | 28.17 | 25.46 | 26.11 | 25.97 | 26.49 |
| Research & Development | 7.52 | 12.38 | 7.57 | 6.85 | 6.09 | 6.70 | 7.00 | 6.66 | 7.41 | 7.30 | 6.99 | 7.36 | 6.68 | 6.81 | 7.05 | 7.02 | 6.28 | 6.30 | 6.40 | 5.72 |
| Selling, General & Admin | 12.87 | 14.59 | 10.84 | 9.69 | 9.46 | 8.83 | 10.83 | 9.42 | 9.96 | 7.48 | 8.84 | 9.63 | 9.00 | 8.94 | 8.80 | 9.40 | 9.62 | 7.43 | 7.88 | 8.67 |
| Total Operating Expenses | 49.02 | 54.18 | 44.08 | 40.35 | 36.59 | 35.56 | 36.75 | 35.77 | 37.18 | 36.96 | 112.38 | 37.83 | 37.30 | 35.63 | 35.64 | 36.09 | 36.78 | 31.46 | 32.65 | 33.64 |
| Operating Income | (2.83) | (9.77) | 1.91 | 1.67 | (1.66) | 2.02 | (0.32) | (0.43) | (4.56) | (3.19) | (4.03) | (6.90) | (7.34) | (5.61) | (4.86) | (7.92) | (11.32) | (5.35) | (6.69) | (7.15) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 2.33 | 1.84 | 0.83 | 0.15 | 0.02 | (0.04) | 0.06 | 0.25 | 0.35 | (0.07) | 0.42 | 0.56 |
| Pretax Income* | (19.58) | (13.16) | 0.71 | 0.58 | (3.83) | 0.45 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (19.58) | (13.16) | 0.71 | 0.58 | (3.83) | 0.45 | (1.86) | (1.92) | (6.63) | (3.89) | (4.09) | (6.66) | (7.07) | (5.41) | (4.32) | (7.74) | (11.47) | (5.29) | (7.14) | (7.90) |
| Basic EPS | (0.38) | (0.29) | 0.02 | 0.01 | (0.08) | 0.00 | (0.04) | (0.04) | (0.15) | (0.08) | (0.10) | (0.16) | (0.17) | (0.14) | (0.10) | (0.18) | (0.27) | (0.12) | (0.17) | (0.19) |
| Diluted EPS | (0.38) | (0.28) | 0.01 | 0.01 | (0.08) | 0.00 | (0.04) | (0.04) | (0.15) | (0.08) | (0.10) | (0.16) | (0.17) | (0.14) | (0.10) | (0.18) | (0.27) | (0.12) | (0.17) | (0.19) |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.57 | 3.04 | 3.22 | 7.73 | (13.18) | 8.74 | 3.90 | 4.17 | (12.27) | (0.21) | 1.63 | 0.29 | (7.42) | 1.36 | (0.69) | (5.69) | (11.05) | (1.51) | (0.38) | (0.69) |
| Capital Expenditures | 2.79 | 1.25 | 1.52 | 0.72 | 0.26 | 0.67 | 0.60 | 0.91 | 0.92 | 1.46 | 3.69 | 4.42 | 4.30 | 6.62 | 4.37 | 4.05 | 5.04 | 7.17 | 9.72 | 7.83 |
| Free Cash Flow* | (1.22) | 1.79 | 1.70 | 7.01 | (13.43) | 8.07 | 3.30 | 3.26 | (13.19) | (1.67) | (2.06) | (4.12) | (11.73) | (5.26) | (5.06) | (9.74) | (16.09) | (8.68) | (10.09) | (8.52) |
| Investing Cash Flow | (15.96) | 4.04 | (3.75) | (6.95) | 1.34 | (0.81) | (5.00) | (1.23) | (3.25) | (0.28) | 5.99 | 14.32 | (0.79) | (1.21) | 2.97 | 2.28 | (7.24) | (13.58) | (6.78) | (4.16) |
| Financing Cash Flow | 59.51 | 4.57 | 2.39 | 1.16 | 2.38 | 0.97 | 0.57 | 0.54 | 0.20 | 0.42 | 0.01 | 0.90 | 0.63 | 0.81 | 0.22 | 0.67 | 0.10 | 1.04 | 0.81 | 18.09 |
* Derived from reported values