Flagship explainer

How AXOGEN, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$225M · 100%Cost of revenue$57.9M · 26%Gross profit$167M · 74%Operating income−$7.8M · −3%Income before tax−$15.7M · −7%Income tax$0 · 0%Net income−$15.7M · −7%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$225M100%
Cost of revenue$57.9M26%
$167M74%
−$7.8M−3%
Income before tax−$15.7M−7%
Income tax$00%
−$15.7M−7%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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