AxoGen, Inc. (AXGN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 184.71M | 120.42M | 114.46M | 103.42M | 93.07M | 99.22M | 86.25M | 82.26M | 78.66M | 88M | 87.44M | 86.18M | 88.7M | 98.08M | 102.45M | 106.78M | 112.47M | 127.05M | 134.97M | 141.79M |
| Cash & Short-Term Investments | 82.65M | 35.55M | 35.79M | 35.92M | 22.07M | 33.48M | 24.53M | 21.13M | 17.63M | 31.02M | 38.59M | 34.53M | 44.12M | 48.79M | 53.11M | 58.03M | 67.42M | 84.09M | 91.72M | 99.92M |
| Cash Only | 82.65M | 35.55M | 23.9M | 26.04M | 18.1M | 27.55M | 18.66M | 19.19M | 15.71M | 31.02M | 37.1M | 23.22M | 13.96M | 15.28M | 14.32M | 11.82M | 14.56M | 32.76M | 46.73M | 53.08M |
| Short-Term Investments | 0 | 0 | 11.89M | 9.89M | 3.97M | 5.93M | 5.87M | 1.94M | 1.92M | 0 | 1.49M | 11.31M | 30.16M | 33.51M | 38.79M | 46.21M | 52.86M | 51.33M | 44.99M | 46.84M |
| Accounts Receivable | 28.31M | 26.17M | 30.77M | 28.03M | 26.3M | 24.11M | 24.63M | 25.15M | 24.21M | 25.15M | 23.26M | 21.57M | 22.28M | 22.19M | 21.36M | 20.37M | 18.59M | 18.16M | 18.64M | 18.63M |
| Days Sales Outstanding | 39.89 | 43.73 | 45.02 | 43.62 | 46.71 | 45.38 | 47.08 | 46.88 | 54.28 | 51.88 | 49.97 | 52.29 | 54.57 | 55.39 | 51.94 | 51.45 | 53.33 | 53.68 | 54.94 | 52.15 |
| Inventory | 46.07M | 42.37M | 40.58M | 36.77M | 35.5M | 33.18M | 29.36M | 28.02M | 27.64M | 23.02M | 23.02M | 21.24M | 19.85M | 18.91M | 19.12M | 19.22M | 17.4M | 16.69M | 15.45M | 13.41M |
| Days Inventory Outstanding | 260.68 | 246.27 | 252.56 | 224.57 | 226.82 | 243.21 | 216.24 | 201.49 | 263.17 | 231.25 | 212.79 | 219.85 | 259.94 | 284.8 | 285.55 | 265.17 | 276.63 | 272.42 | 253.47 | 171.96 |
| Other Current Assets | 27.67M | 16.33M | 7.31M | 2.69M | 9.2M | 8.45M | 7.73M | 6M | 9.18M | 6M | 2.57M | 8.84M | 2.45M | 6.25M | 6.25M | 6.25M | 6.25M | 6.25M | 6.33M | 6.33M |
| Total Non-Current Assets | 104.78M | 101.27M | 101.94M | 102.03M | 103.09M | 104.51M | 105.73M | 106.67M | 107.85M | 108.82M | 107.19M | 105.46M | 100.77M | 97.31M | 93.07M | 89.31M | 85.55M | 80.97M | 75M | 68.74M |
| Property, Plant & Equipment | 97.32M | 94.52M | 95.51M | 95.92M | 97.21M | 98.93M | 100.52M | 101.7M | 103.08M | 104.29M | 102.9M | 101.42M | 96.92M | 93.66M | 89.62M | 85.96M | 82.36M | 78.12M | 71.96M | 66.28M |
| Fixed Asset Turnover | 0.64x | 0.63x | 0.63x | 0.59x | 0.50x | 0.50x | 0.48x | 0.47x | 0.40x | 0.41x | 0.40x | 0.38x | 0.38x | 0.39x | 0.42x | 0.41x | 0.39x | 0.42x | 0.45x | 0.53x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 7.27M | 6.75M | 6.43M | 6.12M | 5.88M | 5.58M | 5.21M | 4.97M | 4.77M | 4.53M | 4.29M | 4.05M | 3.86M | 3.65M | 3.45M | 3.35M | 3.19M | 2.86M | 2.7M | 2.46M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 192K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 339K | 0 |
| Total Assets | 289.49M | 221.69M | 216.4M | 205.45M | 196.16M | 203.73M | 191.99M | 188.93M | 186.52M | 196.83M | 194.63M | 191.64M | 189.47M | 195.39M | 195.52M | 196.08M | 198.03M | 208.02M | 209.97M | 210.53M |
| Asset Turnover | 0.24x | 0.27x | 0.28x | 0.28x | 0.24x | 0.25x | 0.26x | 0.26x | 0.22x | 0.22x | 0.21x | 0.20x | 0.19x | 0.19x | 0.19x | 0.17x | 0.15x | 0.15x | 0.15x | 0.16x |
| Asset Growth % | 47.57% | 8.82% | 12.72% | 8.74% | 5.17% | 3.51% | -1.36% | -1.41% | -1.56% | 0.74% | -0.46% | -2.27% | -4.32% | -6.07% | -6.88% | -6.86% | 0.33% | 3.3% | 8.27% | 23.87% |
| Total Current Liabilities | 26.01M | 23.56M | 28.01M | 24.98M | 21.75M | 30.61M | 23.03M | 23.41M | 22.93M | 30.43M | 26.65M | 23.93M | 21.24M | 23.75M | 23.55M | 23.6M | 22.95M | 24.29M | 23.36M | 21.63M |
| Accounts Payable | 0 | 0 | 0 | 22.77M | 19.66M | 8.01M | 21.18M | 21.66M | 0 | 11.77M | 25.55M | 0 | 20.19M | 8.96M | 22.02M | 21.84M | 20.87M | 5.92M | 6.43M | 6.72M |
| Days Payables Outstanding | - | - | - | 131.83 | 91.36 | 113.48 | 161.45 | 156.87 | - | 187.48 | 245.7 | - | 195.53 | 232.07 | 326.64 | 309.25 | 217.41 | 104.67 | 115.45 | 101.87 |
| Short-Term Debt | 2.12M | 2.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1M | 0 | 1.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 23.9M | 21.18M | 25.67M | 0 | 0 | 18.58M | 0 | 0 | 21.29M | 0 | 0 | 22.89M | 0 | 0 | 0 | 0 | 0 | 9.67M | 8.9M | 7.64M |
| Current Ratio | 7.10x | 5.11x | 4.09x | 4.14x | 4.28x | 3.24x | 3.74x | 3.51x | 3.43x | 2.89x | 3.28x | 3.60x | 4.18x | 4.13x | 4.35x | 4.52x | 4.90x | 5.23x | 5.78x | 6.56x |
| Quick Ratio | 5.33x | 3.31x | 2.64x | 2.67x | 2.65x | 2.16x | 2.47x | 2.32x | 2.23x | 2.14x | 2.42x | 2.71x | 3.24x | 3.33x | 3.54x | 3.71x | 4.14x | 4.54x | 5.12x | 5.94x |
| Cash Conversion Cycle | - | - | - | 136.37 | 182.17 | 175.1 | 101.86 | 91.5 | - | 95.66 | 17.07 | - | 118.98 | 108.13 | 10.85 | 7.37 | 112.55 | 221.44 | 192.96 | 122.24 |
| Total Non-Current Liabilities | 18.67M | 69.28M | 67.59M | 68.2M | 69.06M | 69.21M | 69.55M | 69.83M | 70.43M | 70.73M | 70.17M | 70.56M | 70.72M | 70.64M | 70.53M | 70.79M | 71.23M | 71.18M | 71.33M | 70.2M |
| Long-Term Debt | 18.53M | 16.87M | 48.16M | 47.94M | 47.72M | 47.5M | 47.27M | 49.51M | 46.83M | 46.6M | 46.38M | 46.15M | 45.93M | 45.71M | 49.89M | 50.14M | 50.35M | 44.82M | 46.24M | 46.08M |
| Capital Lease Obligations | 0 | 0 | 17.42M | 18.04M | 18.64M | 19.22M | 19.73M | 20.23M | 20.68M | 21.14M | 19.93M | 20.13M | 20.09M | 20.41M | 20.63M | 20.66M | 20.88M | 20.8M | 21.27M | 20.34M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 140K | 52.41M | 2.01M | 2.22M | 2.7M | 2.49M | 2.54M | 94K | 2.92M | 2.99M | 3.87M | 4.27M | 4.7M | 4.52M | 0 | 0 | 0 | 5.56M | 3.82M | 3.78M |
| Total Liabilities | 44.68M | 92.84M | 95.59M | 93.18M | 90.8M | 99.82M | 92.58M | 93.25M | 93.36M | 101.16M | 96.82M | 94.49M | 91.96M | 94.39M | 94.08M | 94.39M | 94.17M | 95.47M | 94.69M | 91.83M |
| Total Debt | 20.64M | 19.24M | 67.91M | 68.19M | 68.44M | 68.69M | 68.86M | 71.49M | 69.15M | 69.29M | 67.4M | 67.33M | 67.07M | 67.43M | 72.06M | 72.56M | 73.3M | 67.45M | 69.18M | 68.21M |
| Net Debt | -62.01M | -16.31M | 44.01M | 42.15M | 50.35M | 41.13M | 50.2M | 52.3M | 53.44M | 38.27M | 30.3M | 44.11M | 53.11M | 52.14M | 57.74M | 60.73M | 58.74M | 34.7M | 22.45M | 15.14M |
| Debt / Equity | 0.08x | 0.15x | 0.56x | 0.61x | 0.65x | 0.66x | 0.69x | 0.75x | 0.74x | 0.72x | 0.69x | 0.69x | 0.69x | 0.67x | 0.71x | 0.71x | 0.71x | 0.60x | 0.60x | 0.57x |
| Debt / EBITDA | - | - | 18.65x | 19.53x | 309.70x | 17.47x | 41.76x | 43.80x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | 12.08x | 12.07x | 227.81x | 10.46x | 30.44x | 32.05x | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -4.08x | -6.66x | 1.07x | 1.29x | -0.70x | 1.25x | 0.02x | 0.12x | -1.85x | -1.11x | -3.94x | -44.00x | -441.13x | - | -69.79x | -30.08x | -31.42x | - | -16.12x | -12.98x |
| Total Equity | 244.81M | 128.85M | 120.81M | 112.28M | 105.36M | 103.91M | 99.41M | 95.69M | 93.16M | 95.67M | 97.81M | 97.15M | 97.51M | 101M | 101.44M | 101.69M | 103.85M | 112.55M | 115.28M | 118.7M |
| Equity Growth % | 132.34% | 24% | 21.53% | 17.34% | 13.11% | 8.62% | 1.63% | -1.51% | -4.47% | -5.28% | -3.58% | -4.46% | -6.1% | -10.26% | -12% | -14.33% | -13.24% | -8.61% | -5.28% | -0.88% |
| Book Value per Share | 4.75 | 2.75 | 2.63 | 2.46 | 2.33 | 2.16 | 2.27 | 2.19 | 2.15 | 2.22 | 2.27 | 2.27 | 2.29 | 2.39 | 2.40 | 2.42 | 2.48 | 2.71 | 2.78 | 2.89 |
| Total Shareholders' Equity | 244.81M | 128.85M | 120.81M | 112.28M | 105.36M | 103.91M | 99.41M | 95.69M | 93.16M | 95.67M | 97.81M | 97.15M | 97.51M | 101M | 101.44M | 101.69M | 103.85M | 112.55M | 115.28M | 118.7M |
| Common Stock | 532K | 472K | 461K | 457K | 455K | 441K | 440K | 438K | 437K | 431K | 430K | 430K | 428K | 424K | 423K | 420K | 420K | 417K | 415K | 413K |
| Retained Earnings | -326.55M | -306.96M | -293.81M | -294.51M | -295.09M | -291.26M | -291.71M | -289.85M | -287.93M | -281.3M | -277.4M | -273.31M | -266.65M | -259.58M | -254.16M | -249.85M | -242.11M | -230.63M | -225.35M | -218.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |