Filing Flows › Axogen (AXGN) › Q2 2026
Axogen (AXGN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Axogen (AXGN) reported revenue of $69.7M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +13% from the quarter before. Operating margin was -3.1%, net loss $1.5M (2.2% of revenue).
Axogen, Q2 2026: revenue $69.7M (+23% year over year), operating margin -3.1%, net loss $1.5M, operating cash flow $7.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.7M | +13% | +23% |
| Operating profit | −$2.2M | — | -229% |
| Net earnings | −$1.5M | — | -362% |
| Operating cash flow | $7.2M | +361% | -7% |
| Free cash flow | $6.3M | — | -10% |
What changed
Revenue was $69.7M in Q2 2026, up 23% year over year and up 13% from the previous quarter.
Gross margin was 72.7%, down 1.5 points from Q2 2025. Operating costs exceeded revenue by $2.2M, an operating margin of -3.1%. Operating expenses grew 31% against revenue growth of 23%. The fastest-growing cost line was General & admin (+38%). The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $19.6M loss. Non-operating items added $640K, -42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.2M (down 7% year over year). Non-cash charges added back $1.7M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $893K left free cash flow of $6.3M.
Questions
What was Axogen's revenue in the second quarter 2026?
Axogen (AXGN) reported revenue of $69.7M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +13% from the quarter before.
Was Axogen profitable in the second quarter 2026?
Operating loss was $2.2M (-3.1% of revenue) and net loss $1.5M.
Source: Axogen 10-Q on SEC EDGAR.