Biote Corp Class A (BTMD) financials
Biote revenue and earnings by year
Biote's revenue was $192 million in the fiscal year to December 31, 2025, down 2.5% from the year before. Net income was $27.0 million, 14.1% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 9.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 192 | 197 | 185 | 165 | 139 | 117 | 110 |
| Revenue growth | -2.5% | 6.4% | 12.4% | 18.3% | 19.6% | 6.0% | — |
| Gross profit | 137 | 139 | 127 | 110 | 91 | 72 | 66 |
| Gross margin | 71.5% | 70.5% | 68.8% | 66.9% | 65.0% | 61.5% | 60.4% |
| Operating income | 36 | 32 | 29 | -61 | 35 | 32 | 24 |
| Operating margin | 18.5% | 16.0% | 15.5% | -36.8% | 24.8% | 27.3% | 21.4% |
| Net income | 27 | 3 | 3 | -1 | 33 | 29 | 21 |
| Net margin | 14.1% | 1.6% | 1.8% | -0.6% | 23.4% | 25.0% | 19.4% |
| Diluted EPS | $0.74 | $0.09 | $0.13 | — | — | — | — |
| Free cash flow | 28 | 38 | 24 | -11 | 30 | 25 | 24 |
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 BTMD in Markets.
How Biote makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Pellet Procedures Product Revenue | $30.3M | 68.5% |
| Dietary Supplements | $11.4M | 25.7% |
| Disposable Trocars Product Revenue | $1.21M | 2.7% |
| Shipping Fees & Other Product Revenue | $505K | 1.1% |
| Other Service Revenue | $406K | 0.9% |
| Contract Term Services Revenue | $311K | 0.7% |
| Training Service Revenue | $134K | 0.3% |
See also: BTMD valuation and P/E history · BTMD returns
No forecast, no recommendation. This page describes Biote Corp Class A 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.