Elutia Inc. income statement
In fiscal 2025, Elutia Inc. reported revenue of $12.3m, down 15.0% on the year before, operating income of −$26.9m (a -218.9% margin) and net income of $53.4m, or $0.87 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 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 43 | 47 | 24 | 25 | 14 | 12 | 12 |
| Cost of revenue | 23 | 22 | 28 | 12 | 14 | 8 | 6 | 5 |
| Gross profit | 20 | 21 | 19 | 12 | 11 | 7 | 7 | 7 |
| Research and development | 2 | 6 | 9 | 8 | 4 | 3 | 4 | 7 |
| Selling and marketing | 16 | 18 | 19 | 18 | 13 | 5 | 6 | 6 |
| General and administrative | 10 | 11 | 14 | 16 | 14 | 18 | 15 | 15 |
| Operating income | −8 | −14 | −23 | −35 | −31 | −31 | −27 | −26 |
| Interest expense | 5 | 6 | 5 | 5 | 6 | 5 | — | — |
| Income before tax | −12 | −22 | −25 | −36 | −41 | −45 | −16 | −22 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −12 | −22 | −25 | −33 | −38 | −54 | 53 | 52 |
| Diluted EPS | −$18.48 | −$8.88 | −$2.38 | −$2.38 | −$2.07 | −$1.86 | $0.87 | $1.14 |
| Diluted shares (average) | — | 3m | 10m | 14m | 18m | 29m | 46m | 45m |
| EBITDA | −5 | −10 | −19 | −31 | −27 | −27 | −24 | −24 |
| 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 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| Cost of revenue | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Gross profit | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 1 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Selling and marketing | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 |
| General and administrative | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
| Operating income | −9 | −7 | −7 | −8 | −5 | −7 | −6 | −8 |
| Interest expense | 0 | 4 | 1 | 1 | 0 | — | — | — |
| Income before tax | 3 | −7 | −2 | −7 | −0 | −7 | −8 | −8 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | 1 | −9 | −4 | −10 | −4 | 71 | −7 | −8 |
| Diluted EPS | −$0.33 | −$0.21 | −$0.21 | −$0.26 | −$0.19 | $1.53 | −$0.17 | −$0.17 |
| EBITDA | −8 | −7 | −6 | −7 | −4 | −6 | −6 | −8 |
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