The financials
Axogen, Inc. by the numbers
Axogen, Inc. (AXGN) reported revenue of $61M in Q1 2026 (quarter ended March 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.
| 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 |