Filing Flows › Axogen (AXGN) › Q1 2025
Axogen (AXGN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Axogen (AXGN) reported revenue of $48.6M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -2% from the quarter before. Operating margin was -3.4%, net loss $3.8M (7.9% of revenue).
Axogen, Q1 2025: revenue $48.6M (+17% year over year), operating margin -3.4%, net loss $3.8M, operating cash flow −$13.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.6M | -2% | +17% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | −$13.2M | — | — |
What changed
Revenue was $48.6M in Q1 2025, up 17% year over year and down 2% from the previous quarter.
Gross margin was 71.9%, down 6.9 points from a year earlier. Operating costs exceeded revenue by $1.7M, an operating margin of -3.4%. Operating expenses fell 2% while revenue rose 17%. The quarter ended with a net loss of $3.8M, after a profit of $450K the previous quarter. Net interest and other expense of $2.2M was the main reason.
Operating cash flow was −$13.2M. Non-cash charges added back $1.8M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $14.0M. Capital expenditures of $256K exceeded it, leaving free cash flow of −$13.4M.
Questions
What was Axogen's revenue in the first quarter 2025?
Axogen (AXGN) reported revenue of $48.6M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -2% from the quarter before.
Was Axogen profitable in the first quarter 2025?
Operating loss was $1.7M (-3.4% of revenue) and net loss $3.8M.
Source: Axogen 10-Q on SEC EDGAR.