Artivion, Inc. income statement
In fiscal 2025, Artivion, Inc. reported revenue of $441m, up 13.6% on the year before, operating income of $33.7m (a 7.6% margin) and net income of $9.8m, or $0.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 112 | 117 | 120 | 132 | 141 | 145 | 146 | 180 | 190 | 263 | 276 | 253 | 299 | 314 | 354 | 389 | 441 | 471 |
| Cost of revenue | 42 | 48 | 44 | 47 | 50 | 53 | 55 | 61 | 61 | 90 | 93 | 85 | 101 | 111 | 125 | 140 | 157 | 168 |
| Gross profit | 70 | 68 | 76 | 85 | 90 | 91 | 91 | 119 | 129 | 173 | 183 | 168 | 198 | 203 | 229 | 249 | 284 | 304 |
| Research and development | 5 | 6 | 7 | 7 | 8 | 9 | 10 | 13 | 19 | 23 | 23 | 24 | 36 | 39 | 29 | 28 | 31 | 35 |
| Selling, general and administrative | 50 | 49 | 57 | 65 | 68 | 74 | 75 | 92 | 101 | 141 | 143 | 141 | 170 | 157 | 209 | 181 | 226 | 255 |
| Operating income | 14 | 10 | 12 | 13 | 14 | 9 | 5 | 22 | 8 | 9 | 17 | 2 | 8 | 6 | 6 | 39 | 34 | 21 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 5 | 16 | 15 | 17 | 17 | 18 | 25 | 34 | 27 | 24 |
| Income before tax | 14 | 7 | 11 | 12 | 23 | 9 | 6 | 18 | 4 | −6 | 2 | −17 | −15 | −15 | −22 | −8 | 15 | 2 |
| Income tax | 6 | 3 | 4 | 4 | 7 | 1 | 2 | 8 | −0 | −4 | −0 | −0 | 0 | 4 | 9 | 6 | 5 | 5 |
| Net income | 9 | 4 | 7 | 8 | 16 | 7 | 4 | 11 | 4 | −3 | 2 | −17 | −15 | −19 | −31 | −13 | 10 | −3 |
| Diluted EPS | $0.30 | $0.14 | $0.26 | $0.28 | $0.57 | $0.25 | $0.14 | $0.32 | $0.11 | −$0.08 | $0.05 | −$0.44 | −$0.38 | −$0.48 | −$0.75 | −$0.32 | $0.21 | −$0.06 |
| Diluted shares (average) | 28m | 28m | 28m | 27m | 28m | 28m | 29m | 33m | 34m | 36m | 38m | 38m | 39m | 40m | 41m | 42m | 47m | 50m |
| EBITDA | 19 | 14 | 17 | 18 | 20 | 15 | 11 | 30 | 18 | 27 | 35 | 23 | 32 | 29 | 29 | 63 | 56 | 45 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 97 | 99 | 113 | 113 | 116 | 116 | 126 |
| Cost of revenue | 35 | 36 | 35 | 40 | 39 | 43 | 41 | 45 |
| Gross profit | 61 | 62 | 64 | 73 | 74 | 73 | 75 | 81 |
| Research and development | 7 | 7 | 7 | 7 | 8 | 9 | 9 | 9 |
| Selling, general and administrative | 50 | 51 | 55 | 58 | 57 | 57 | 61 | 80 |
| Operating income | 4 | 3 | 2 | 8 | 13 | 11 | 6 | −8 |
| Interest expense | 8 | 10 | 8 | 7 | 6 | 6 | 5 | 7 |
| Income before tax | −1 | −17 | −2 | 3 | 7 | 7 | 0 | −12 |
| Income tax | 1 | −0 | −2 | 2 | 1 | 4 | −1 | 2 |
| Net income | −2 | −16 | −1 | 1 | 7 | 2 | 1 | −14 |
| Diluted EPS | −$0.05 | −$0.39 | −$0.01 | $0.03 | $0.13 | $0.05 | $0.03 | −$0.28 |
| EBITDA | 10 | 9 | 8 | 14 | 18 | 16 | 12 | −2 |
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