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Axogen vs Outset Medical: AXGN and OM compared
Axogen is the larger company: $75.8M of revenue in its latest quarter (Q3 2026) against $33.6M for Outset Medical (Q3 2026). Axogen is growing faster (+26% against +14% a year earlier). Axogen is more profitable, with an operating margin of 1.3% against -36.5%.
Where the money goes: AXGN and OM
Axogen (AXGN) · Q3 2026
Axogen, Q3 2026: revenue $75.8M (+26% year over year), operating margin 1.3%, net earnings $2.3M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.
Outset Medical (OM) · Q3 2026
Outset Medical, Q3 2026: revenue $33.6M (+14% year over year), operating margin -36.5%, net loss $14.7M, operating cash flow −$10.4M. The chart follows the revenue to costs, profit and cash.
| Axogen (AXGN) | Outset Medical (OM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $75.8M | $33.6M |
| Revenue growth, Y/Y | +26% | +14% |
| Gross margin | 74.8% | — |
| Operating margin | 1.3% | -36.5% |
| Net earnings | $2.3M | −$14.7M |
| Net margin | 3.1% | -43.7% |
| Operating cash flow | $16.5M | −$10.4M |
| Free cash flow | $15.1M | — |
Where the revenue comes from
Outset Medical
- Product: $23.7M (71%)
- Service and Other Revenue: $9.9M (29%)
Questions
Which is bigger, Axogen or Outset Medical?
Axogen is the larger company: $75.8M of revenue in its latest quarter (Q3 2026) against $33.6M for Outset Medical (Q3 2026).
Is Axogen or Outset Medical growing faster?
Axogen is growing faster (+26% against +14% a year earlier).
Which is more profitable, Axogen or Outset Medical?
Axogen is more profitable, with an operating margin of 1.3% against -36.5%.
More: Axogen earnings · how Axogen makes money · Outset Medical earnings · how Outset Medical makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.