Axogen Inc (AXGN) financials
Axogen revenue and earnings by year
Axogen's revenue was $225 million in the fiscal year to December 31, 2025, up 20.2% from the year before. Net income was -$15.7 million, -7.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 20.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 225 | 187 | 159 | 139 | 127 | 112 | 107 | 84 | 60 | 41 |
| Revenue growth | 20.2% | 17.8% | 14.7% | 8.8% | 13.4% | 5.2% | 27.1% | 38.9% | 47.0% | — |
| Gross profit | 167 | 142 | 122 | 109 | 104 | 91 | 89 | 71 | 51 | 35 |
| Gross margin | 74.3% | 75.8% | 76.6% | 78.5% | 82.0% | 80.8% | 83.7% | 84.6% | 84.6% | 84.3% |
| Operating income | -8 | -3 | -21 | -30 | -25 | -23 | -31 | -21 | -8 | -8 |
| Operating margin | -3.5% | -1.8% | -13.5% | -21.4% | -20.0% | -20.6% | -29.4% | -24.4% | -13.2% | -19.8% |
| Net income | -16 | -10 | -22 | -29 | -27 | -24 | -29 | -22 | -10 | -14 |
| Net margin | -7.0% | -5.3% | -13.7% | -20.9% | -21.2% | -21.2% | -27.3% | -26.7% | -17.3% | -35.1% |
| Diluted EPS | -$0.34 | -$0.23 | -$0.51 | -$0.69 | -$0.65 | -$0.60 | -$0.74 | -$0.60 | -$0.30 | -$0.47 |
| Free cash flow | -3 | 1 | -20 | -36 | -41 | -32 | -25 | -24 | -10 | -12 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AXGN in Markets.
See also: AXGN returns
No forecast, no recommendation. This page describes Axogen Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.