For the quarter ending 2026-03-31, AXGN had $45,106K increase in cash & cash equivalents over the period. -$1,224K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -19,584 | -13,156 | 708 | -3,255 |
| Depreciation | 1,604 | 1,633 | 1,642 | 3,385 |
| Amortization of right-of-use assets | 420 | 1,239 | 110 | 184 |
| Amortization of intangible assets | 101 | 94 | 88 | 133 |
| Amortization of debt discount and deferred financing fees | 68 | 225 | 224 | 442 |
| Loss on disposal of equipment | - | 0 | - | - |
| (recovery of) provision for bad debts | -120 | 42 | -28 | 386 |
| Change in fair value of debt derivative liabilities | 0 | -2,018 | 209 | 322 |
| Investment losses (gains), net | -33 | 91 | 117 | 121 |
| Impairment of long-lived assets | - | 64 | - | - |
| Loss on extinguishment of debt | -16,849 | - | - | - |
| Stock-based compensation expense | 6,843 | 16,611 | 5,424 | 8,077 |
| Accounts receivable | 2,024 | -4,564 | 2,718 | 4,310 |
| Inventory | 3,701 | 1,792 | 3,807 | 3,591 |
| Prepaid expenses and other assets | 368 | 3,286 | 538 | 81 |
| Other assets | 192 | - | - | - |
| Accounts payable and accrued expenses | 2,198 | -4,173 | 2,770 | -5,755 |
| Operating lease obligations | -559 | -1,104 | -291 | -542 |
| Cash paid for interest portion of financing lease obligations | 2 | 8 | 1 | 2 |
| Other long-term liabilities | -1 | 158 | -34 | -77 |
| Net cash provided by (used in) operating activities | 1,565 | 3,038 | 3,223 | -5,449 |
| Purchase of property and equipment | 2,789 | 1,247 | 1,520 | 978 |
| Purchase of investments | 19,000 | 0 | 5,886 | 7,837 |
| Proceeds from sale of investments | 6,000 | 6,000 | 4,000 | 4,000 |
| Cash payments for intangible assets | 175 | 711 | 345 | 793 |
| Net cash (used in) provided by investing activities | -15,964 | 4,042 | -3,751 | -5,608 |
| Proceeds from issuance of common stock | 134,044 | - | - | - |
| Payment of stock issuance costs | 792 | - | - | - |
| Repayment of long-term debt | 48,585 | - | - | - |
| Fees paid to lender related to debt extinguishment | 20,498 | - | - | - |
| Fees paid to third parties related to debt extinguishment | 107 | - | - | - |
| Payments of employee tax withholding on vested stock awards | 8,776 | - | - | - |
| Cash paid for debt portion of financing lease obligations | 7 | 21 | 3 | 8 |
| Proceeds from exercise of stock options | 4,226 | 4,587 | 2,397 | 3,547 |
| Net cash provided by financing activities | 59,505 | 4,566 | 2,394 | 3,539 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash | 45,106 | 11,646 | 1,866 | -7,518 |
| Cash and cash equivalents, and restricted cash, beginning of period | 39,548 | 27,902 | 33,554 | - |
| Cash and cash equivalents, and restricted cash, end of period | 84,654 | 39,548 | 27,902 | - |
Axogen, Inc. (AXGN)
Axogen, Inc. (AXGN)