The financials
Axogen, Inc. by the numbers
Axogen, Inc. (AXGN) reported revenue of $61M in Q1 2026 (quarter ended Mar 31, 2026), up 27% from the same quarter a year earlier. That came with a gross margin of 75% and net loss of $20M. For the full year FY2025, revenue was $225M (+20% year on year) and net income −$16M. Its largest region in Jun 2026 was United States at $69M, 99% of the disclosed total, well ahead of Non Us at 1.0%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $61M | $49M | +27% |
| Gross profit | $46M | $35M | +32% |
| Operating income | −$2.8M | −$1.7M | n/a |
| Net income | −$20M | −$3.8M | n/a |
| Diluted EPS | −$0.38 | −$0.08 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $69M | 99% |
| Non Us | $726K | 1.0% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $69.7M (+13%)
Segment Latestquarter on quarteryear on year
- United States$69.0M$69.0MQoQ +15%year on year +24%+15%+24%
- Non Us$726.0K$726.0KQoQ -45%year on year -11%-45%-11%