Filing Flows › Axogen (AXGN) › Q2 2025
Axogen (AXGN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Axogen (AXGN) reported revenue of $56.7M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +17% from the quarter before. Operating margin was 3.0%, net earnings $579K (1.0% of revenue).
Axogen, Q2 2025: revenue $56.7M (+18% year over year), operating margin 3.0%, net earnings $579K, operating cash flow $7.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.7M | +17% | +18% |
| Gross profit | $42.0M | +20% | +19% |
| Operating profit | $1.7M | — | — |
| Net earnings | $579K | — | — |
| Operating cash flow | $7.7M | — | +86% |
| Free cash flow | $7.0M | — | +115% |
What changed
Revenue was $56.7M in Q2 2025, up 18% year over year and up 17% from the previous quarter.
Gross margin was 74.2%, up 0.4 points from a year earlier. Operating profit was $1.7M, a 3.0% margin (up 3.8 points year over year). Operating expenses grew 13% against revenue growth of 18%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $579K. The effective tax rate was 0.0%.
Operating cash flow was $7.7M (up 86% year over year), 1335% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $5.2M of share-based compensation. Capital expenditures of $722K left free cash flow of $7.0M.
Questions
What was Axogen's revenue in the second quarter 2025?
Axogen (AXGN) reported revenue of $56.7M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +17% from the quarter before.
Was Axogen profitable in the second quarter 2025?
Operating profit was $1.7M (3.0% of revenue) and net earnings $579K.
Source: Axogen 10-Q on SEC EDGAR.