Xtant Medical Holdings, Inc. income statement
In fiscal 2025, Xtant Medical Holdings, Inc. reported revenue of $134m, up 14.2% on the year before, operating income of $7.3m (a 5.4% margin) and net income of $5.0m, or $0.03 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 | 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 | 15 | 30 | 33 | 33 | 35 | 59 | 90 | 83 | 72 | 65 | 53 | 55 | 58 | 91 | 117 | 134 | 110 |
| Cost of revenue | — | 9 | 10 | 14 | 13 | 20 | 28 | 33 | 29 | 22 | 19 | 23 | 26 | 36 | 49 | 50 | 44 |
| Gross profit | 12 | 21 | 23 | 19 | 22 | 39 | 62 | 50 | 43 | 43 | 34 | 32 | 32 | 55 | 68 | 84 | 65 |
| Research and development | — | — | — | 1 | 1 | 3 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Selling and marketing | 9 | 19 | 16 | 16 | 17 | 29 | 44 | 41 | 31 | 26 | 21 | 21 | 23 | 38 | 49 | 46 | 41 |
| General and administrative | 9 | 7 | 11 | 10 | 9 | 13 | 16 | 15 | 14 | 17 | 14 | 14 | 15 | 26 | 29 | 29 | 27 |
| Operating income | −9 | −6 | −5 | −9 | −6 | −12 | −8 | −38 | −60 | −2 | −1 | −4 | −7 | −10 | −12 | 7 | −10 |
| Interest expense | 2 | 1 | 2 | 5 | 6 | 8 | 12 | 15 | 10 | 6 | 6 | 1 | 2 | 3 | 4 | 4 | 3 |
| Income before tax | −19 | −3 | −8 | −13 | −11 | −20 | −19 | −52 | −70 | −8 | −7 | −5 | −8 | −1 | −16 | 7 | −9 |
| Income tax | — | — | 0 | 0 | 0 | −18 | 0 | 0 | — | 0 | 0 | — | 0 | −2 | 0 | 2 | 2 |
| Net income | −19 | −3 | −8 | −13 | −11 | −2 | −19 | −52 | −70 | −8 | −7 | −5 | −8 | 1 | −16 | 5 | −11 |
| Diluted EPS | −$3.05 | −$0.00 | −$0.01 | −$1.40 | −$0.07 | −$0.01 | −$0.77 | −$1.45 | −$1.99 | −$0.21 | −$0.08 | −$0.06 | −$0.09 | $0.01 | −$0.12 | $0.03 | −$0.08 |
| Diluted shares (average) | 6m | 8m | 8m | 9m | 12m | 18m | 25m | 36m | 35m | 39m | 85m | 85m | 94m | 127m | 134m | 150m | 147m |
| EBITDA | −8 | −6 | −4 | −8 | −5 | −7 | −0 | −29 | −53 | 1 | 1 | −3 | −5 | −7 | −8 | 13 | −7 |
| 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 | 28 | 32 | 33 | 35 | 33 | 32 | 21 | 23 |
| Cost of revenue | 12 | 15 | 13 | 11 | 11 | 15 | 9 | 10 |
| Gross profit | 16 | 16 | 20 | 24 | 22 | 18 | 12 | 13 |
| Research and development | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 1 |
| Selling and marketing | 12 | 12 | 11 | 12 | 12 | 11 | 8 | 10 |
| General and administrative | 7 | 6 | 8 | 7 | 7 | 7 | 6 | 6 |
| Operating income | −4 | −2 | 1 | 5 | 3 | −1 | −3 | −9 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | −5 | −3 | 0 | 4 | 2 | 2 | −3 | −9 |
| Income tax | 0 | 0 | −0 | 0 | 0 | 2 | 0 | 0 |
| Net income | −5 | −3 | 0 | 4 | 1 | 0 | −3 | −9 |
| Diluted EPS | −$0.04 | −$0.02 | $0.00 | $0.02 | $0.01 | $0.00 | −$0.02 | −$0.07 |
| EBITDA | −3 | −1 | 2 | 5 | 3 | 1 | −2 | −9 |
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