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How Xtant Medical Holdings (XTNT) makes money

Xtant Medical Holdings (XTNT) made $23.0M of revenue in the second quarter 2026 (Q2 2026), -24% from a year earlier. Orthobiologics brought in $17.4M (75%); Spinal Implant brought in $5.7M (25%).

Drawing the Sankey…

Xtant Medical Holdings revenue by segment, Q2 2026Xtant Medical Holdings revenue by segment, Q2 2026Orthobiologics$17.4MSpinal Implant$5.7M
Xtant Medical Holdings revenue by quarterXtant Medical Holdings revenue by quarter$31.5MQ4 2024$32.9MQ1 2025$35.4MQ2 2025$33.3MQ3 2025$32.4MQ4 2025$20.9MQ1 2026$23.0MQ2 2026
Xtant Medical Holdings: where each dollar of revenue goesXtant Medical Holdings: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Orthobiologics$17.4M75.4%+11%-10%
Spinal Implant$5.7M24.6%+8%-49%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$23.0M100.0%
Income tax$73K0.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$23.0M-35%
Q1 2026$20.9M-36%
Q4 2025$32.4M+3%
Q3 2025$33.3M+19%
Q2 2025$35.4M+18%
Q1 2025$32.9M+18%
Q4 2024$31.5M+12%

From Xtant Medical Holdings' 10-Q filed Aug 11, 2026 (on EDGAR).

Questions

How does Xtant Medical Holdings make money?

Xtant Medical Holdings (XTNT) made $23.0M of revenue in the second quarter 2026 (Q2 2026), -24% from a year earlier. Orthobiologics brought in $17.4M (75%); Spinal Implant brought in $5.7M (25%).

What is Xtant Medical Holdings' biggest business?

Orthobiologics: $17.4M in the second quarter 2026, 75% of revenue, -10% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.