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NASDAQ · ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS · LARGE CAP

Axogen, Inc. AXGN

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$225.2M
▲ 20.2% YoY
$-15.7M
$-2.9M
▼ 304.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Axogen, Inc. offers a portfolio of products for peripheral nerve repair, including Avance, an acellular nerve scaffold approved by the FDA for the treatment of patients with sensory, mixed and motor peripheral nerve discontinuities, and Avance Nerve Graft, a processed human nerve allograft used to bridge severed peripheral nerves. Its products are currently available in the United States, Canada, Germany, the United Kingdom, Spain and several other countries. In 2023, the company transferred Avance Nerve Graft tissue processing and packaging to its Axogen Processing Center facility, a 107,000 square foot building on approximately 8.5 acres of land located in Vandalia, Ohio. As of December 31, 2025, it had 138 direct sales professionals in the United States, and its direct sales force was supplemented by independent sales agencies that represented approximately 8% of its total revenue. As of December 31, 2025, the company had 622 employees, substantially all of whom were full-time.

Written from the business description in Axogen, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 225.2M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 225.2 · Net income -15.7
100M200M-15M-30M
201020132016201920222025
Compound annual growth
+17.6%
+14.9%
+23.5%
+33.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−7 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.5% · Net -7.0%
-50%-100%-150%
201020172025
ROE
FY2025 · ROE -13.5%
-50%-100%
201020172025
Three returns, three denominators.

Each USD of equity lost 13 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -2.9
-15M-30M
201020172025

Total assetsUSD 221.7M
EquityUSD 128.8M
CashUSD 35.5M
Gross debtUSD 48.4M
Net debtUSD 12.8M
Current ratio5.11×

Net debt stands at 10% of equity.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
AXGN, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.20.20.20.10.10.10.10.10.10.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.0−0.0◌◌
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0◌
EPS, diluted $−0.34−0.23−0.51−0.69−0.65−0.60−0.74−0.60−0.31−0.47−0.51−0.99−1.08−0.85−2.77−8.35
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————————————
ROE %−13.5−10.0−22.1−27.1−22.9−18.6−20.9−26.0−52.1−124.7——————
Shares out B0.050.040.040.040.040.040.040.040.030.030.030.020.020.010.010.00

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 79 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Five checks were skipped: the share count is not tagged before 2012. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityElectromedical & Electrotherapeutic Apparatus
Listed onNASDAQ
Incorporated inMinnesota
Fiscal year endsDecember 31
Data on record since2009

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