NASDAQ : BTMD
biote Corp. — Financial statements
Healthcare · Medical Care Facilities · United States
Last price 1.11 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 37.63M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
biote Corp. (BTMD) reported revenue of 183.53M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 183.53M | 192.22M | 197.19M | 185.36M | 164.96M | 139.40M |
| Cost of Revenue | 56.07M | 54.86M | 58.13M | 57.88M | 54.58M | 48.82M |
| Gross Profit | 127.46M | 137.36M | 139.06M | 127.48M | 110.38M | 90.58M |
| Selling, General & Admin | 104.82M | 101.15M | 101.38M | 88.89M | 145.87M | 56.02M |
| Operating Expenses | 104.82M | 101.15M | 101.38M | 88.89M | 145.87M | 56.02M |
| Operating Income | 22.64M | 36.21M | 37.68M | 38.59M | -35.49M | 34.56M |
| Interest Expense | -9.36M | -10.96M | -11.00M | -6.36M | -4.05M | -1.67M |
| Currency Exchange Gain (Loss) | 30.00K | |||||
| Other Non Operating Income (Expenses) | 1.58M | 1.57M | 2.41M | -12.63M | 5.60M | 17.00K |
| EBT Excluding Unusual Items | 14.86M | 26.82M | 29.09M | 19.60M | -33.91M | 32.91M |
| Merger & Restructuring Charges | -17.00K | -572.00K | -82.00K | -2.12M | -21.63M | |
| Legal Settlements | -5.57M | -88.00K | -5.99M | -7.82M | -3.60M | |
| Other Unusual Items | 981.00K | 11.42M | -22.00M | -9.79M | 60.85M | |
| Pretax Income | 10.26M | 37.58M | 1.02M | -123.00K | 1.71M | 32.91M |
| Income Tax Expense | 3.18M | 5.99M | 970.00K | 2.68M | 388.00K | 286.00K |
| Earnings From Continuing Operations | 7.08M | 31.60M | 46.00K | -2.81M | 1.32M | 32.62M |
| Minority Interest in Earnings | -1.23M | -4.55M | 3.11M | 6.12M | -2.29M | |
| Net Income | 5.86M | 27.05M | 3.16M | 3.32M | -969.00K | 32.62M |
| Net Income to Common | 5.86M | 27.05M | 3.16M | 3.32M | -969.00K | 32.62M |
| Shares Outstanding (Basic) | 30.32M | 31.28M | 34.27M | 25.71M | 8.06M | 979.80K |
| Shares Outstanding (Diluted) | 33.00M | 36.67M | 34.27M | 25.71M | 8.06M | 979.80K |
| EPS (Basic) | 0.19 | 0.86 | 0.09 | 0.13 | -0.12 | 33.29 |
| EPS (Diluted) | 0.18 | 0.74 | 0.09 | 0.13 | -0.12 | 33.29 |
| Free Cash Flow | 19.87M | 30.18M | 38.81M | 26.52M | -9.49M | 32.27M |
| Free Cash Flow Per Share | 0.60 | 0.82 | 1.13 | 1.03 | -1.18 | 32.94 |
| Gross Margin | 69.45% | 71.46% | 70.52% | 68.78% | 66.92% | 64.98% |
| Operating Margin | 12.34% | 18.84% | 19.11% | 20.82% | -21.52% | 24.79% |
| Profit Margin | 3.19% | 14.07% | 1.60% | 1.79% | -0.59% | 23.40% |
| Free Cash Flow Margin | 10.83% | 15.70% | 19.68% | 14.31% | -5.75% | 23.15% |
| EBITDA | 25.48M | 38.68M | 39.66M | 39.39M | -34.29M | 35.27M |
| EBITDA Margin | 13.88% | 20.12% | 20.11% | 21.25% | -20.79% | 25.30% |
| D&A For EBITDA | 2.85M | 2.47M | 1.97M | 794.00K | 1.20M | 713.00K |
| EBIT | 22.64M | 36.21M | 37.68M | 38.59M | -35.49M | 34.56M |
| EBIT Margin | 12.34% | 18.84% | 19.11% | 20.82% | -21.52% | 24.79% |
| Effective Tax Rate | 30.98% | 15.93% | 95.47% | 22.66% | 0.87% | |
| Revenue as Reported | 183.53M | 192.22M | 197.19M | 185.36M | 164.96M | 139.40M |
| Advertising Expenses | 5.90M | 5.90M | 5.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.17M | 24.12M | 39.34M | 89.00M | 79.23M | 26.77M |
| Cash & Short-Term Investments | 11.17M | 24.12M | 39.34M | 89.00M | 79.23M | 26.77M |
| Accounts Receivable | 7.81M | 6.87M | 7.63M | 6.81M | 6.95M | 5.23M |
| Other Receivables | 1.80M | 819.00K | 182.00K | 1.67M | ||
| Receivables | 9.61M | 7.69M | 7.81M | 8.48M | 6.95M | 5.23M |
| Inventory | 18.69M | 19.42M | 17.65M | 20.95M | 12.06M | 10.30M |
| Prepaid Expenses | 3.57M | 3.44M | 3.32M | 3.91M | 2.94M | 847.00K |
| Other Current Assets | 3.94M | |||||
| Total Current Assets | 43.04M | 54.67M | 68.13M | 122.34M | 101.18M | 47.09M |
| Property, Plant & Equipment | 19.69M | 13.45M | 10.22M | 3.10M | 3.56M | 2.69M |
| Goodwill | 5.83M | 5.83M | 5.83M | |||
| Other Intangible Assets | 8.55M | 8.79M | 9.38M | 4.97M | 5.07M | 4.55M |
| Long-Term Deferred Tax Assets | 24.52M | 24.79M | 28.74M | 24.88M | 1.84M | |
| Other Long-Term Assets | 72.00K | 72.00K | 72.00K | |||
| Total Assets | 101.70M | 107.61M | 122.37M | 155.29M | 111.64M | 54.33M |
| Accounts Payable | 6.58M | 6.83M | 5.81M | 4.16M | 4.11M | 4.35M |
| Accrued Expenses | 8.88M | 8.21M | 7.79M | 8.48M | 5.22M | 6.01M |
| Current Portion of Long-Term Debt | 3.12M | 6.25M | 6.25M | 6.25M | 6.25M | 5.00M |
| Current Portion of Leases | 705.00K | 592.00K | 523.00K | 311.00K | 165.00K | 248.00K |
| Current Income Taxes Payable | 17.00K | 1.05M | ||||
| Current Unearned Revenue | 2.62M | 3.02M | 2.96M | 3.00M | 1.97M | 1.71M |
| Other Current Liabilities | 8.19M | 20.10M | 28.17M | |||
| Total Current Liabilities | 30.10M | 44.99M | 51.51M | 22.21M | 18.77M | 17.31M |
| Long-Term Debt | 118.38M | 100.78M | 101.20M | 106.63M | 112.09M | 31.96M |
| Long-Term Leases | 6.43M | 2.30M | 2.89M | 1.68M | 1.93M | 127.00K |
| Long-Term Unearned Revenue | 791.00K | 1.10M | 1.55M | 1.32M | 926.00K | 802.00K |
| Other Long-Term Liabilities | 4.19M | 8.84M | 67.41M | 59.99M | 36.21M | |
| Total Liabilities | 159.89M | 158.01M | 224.57M | 191.84M | 169.92M | 50.20M |
| Common Stock | 4.00K | 4.00K | 4.00K | 6.00K | 6.00K | |
| Retained Earnings | -50.94M | -49.55M | -100.30M | -29.39M | -44.46M | 4.17M |
| Treasury Stock | -14.83M | -8.96M | -5.60M | |||
| Comprehensive Income & Other | -25.00K | -29.00K | -35.00K | -12.00K | -5.00K | -40.00K |
| Total Common Equity | -65.79M | -58.54M | -105.93M | -29.40M | -44.46M | 4.12M |
| Minority Interest | 7.60M | 8.14M | 3.73M | -7.15M | -13.81M | |
| Shareholders' Equity | -58.19M | -50.40M | -102.20M | -36.55M | -58.27M | 4.12M |
| Total Liabilities & Equity | 101.70M | 107.61M | 122.37M | 155.29M | 111.64M | 54.33M |
| Total Debt | 128.64M | 109.92M | 110.86M | 114.87M | 120.43M | 37.34M |
| Net Cash (Debt) | -117.47M | -85.80M | -71.52M | -25.87M | -41.20M | -10.57M |
| Net Cash Per Share | -3.56 | -2.34 | -2.09 | -1.01 | -5.11 | -10.79 |
| Filing Date Shares Outstanding | 28.68M | 30.71M | 31.49M | 34.13M | 18.12M | 982.80K |
| Total Common Shares Outstanding | 27.66M | 30.71M | 31.49M | 34.25M | 9.66M | 982.80K |
| Working Capital | 12.94M | 9.68M | 16.61M | 100.13M | 82.41M | 29.77M |
| Book Value Per Share | -2.38 | -1.91 | -3.36 | -0.86 | -4.60 | 4.20 |
| Tangible Book Value | -80.17M | -73.16M | -121.14M | -34.37M | -49.53M | -429.00K |
| Tangible Book Value Per Share | -2.90 | -2.38 | -3.85 | -1.00 | -5.13 | -0.44 |
| Machinery | 9.94M | 7.74M | 5.76M | 5.19M | 5.15M | 4.89M |
| Construction In Progress | 2.48M | 2.21M | 4.23M | 705.00K | ||
| Leasehold Improvements | 8.31M | 8.31M | 3.25M | 1.51M | 1.03M | 254.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.86M | 27.05M | 3.16M | 3.32M | -969.00K | 32.62M |
| Depreciation & Amortization | 2.85M | 2.47M | 1.97M | 794.00K | 1.20M | 713.00K |
| Other Amortization | 1.80M | 2.03M | 2.42M | 2.99M | 1.59M | 909.00K |
| Asset Writedown & Restructuring Costs | 313.00K | |||||
| Stock-Based Compensation | 8.34M | 8.92M | 8.73M | 9.06M | 82.18M | |
| Provision & Write-off of Bad Debts | -12.00K | 1.72M | 1.49M | 663.00K | -155.00K | 240.00K |
| Other Operating Activities | 724.00K | 1.26M | 17.53M | 18.67M | -57.19M | 697.00K |
| Change in Accounts Receivable | 1.28M | -958.00K | -2.27M | -505.00K | -1.56M | -752.00K |
| Change in Inventory | -5.73M | -6.24M | 3.71M | -6.10M | -1.71M | -5.76M |
| Change in Accounts Payable | 2.71M | 1.01M | 1.54M | -165.00K | 416.00K | 1.60M |
| Change in Unearned Revenue | -1.04M | -400.00K | 190.00K | 1.43M | 384.00K | -373.00K |
| Change in Other Net Operating Assets | 7.60M | -1.67M | 6.75M | -3.59M | -33.34M | 3.82M |
| Operating Cash Flow | 24.37M | 35.19M | 45.24M | 26.88M | -9.16M | 33.72M |
| Capital Expenditures | -4.50M | -5.01M | -6.43M | -359.00K | -333.00K | -1.45M |
| Cash Acquisitions | -11.84M | |||||
| Sale (Purchase) of Intangibles | -2.35M | -1.85M | -526.00K | -2.35M | -1.50M | -2.36M |
| Investing Cash Flow | -6.85M | -6.86M | -18.80M | -2.71M | -1.84M | -3.81M |
| Long-Term Debt Issued | 5.00M | 125.00M | ||||
| Long-Term Debt Repaid | -43.83M | -68.41M | -6.25M | -40.62M | -5.00M | |
| Net Debt Issued (Repaid) | 89.31M | -38.83M | -68.41M | -6.25M | 84.38M | -5.00M |
| Issuance of Common Stock | 117.00K | 368.00K | 2.67M | 564.00K | 442.00K | |
| Repurchase of Common Stock | -9.23M | -3.37M | -5.60M | -7.67M | ||
| Common Dividends Paid | -12.89M | -11.40M | ||||
| Other Financing Activities | -106.16M | -1.73M | -4.74M | -8.69M | -797.00K | -3.94M |
| Financing Cash Flow | -25.96M | -43.55M | -76.08M | -14.38M | 63.46M | -20.34M |
| Foreign Exchange Rate Adjustments | 5.00K | 6.00K | -22.00K | -19.00K | -12.00K | |
| Net Cash Flow | -8.43M | -15.22M | -49.66M | 9.77M | 52.47M | 9.56M |
| Free Cash Flow | 19.87M | 30.18M | 38.81M | 26.52M | -9.49M | 32.27M |
| Free Cash Flow Margin | 10.83% | 15.70% | 19.68% | 14.31% | -5.75% | 23.15% |
| Free Cash Flow Per Share | 0.60 | 0.82 | 1.13 | 1.03 | -1.18 | 32.94 |
| Levered Free Cash Flow | -4.99M | 13.99M | 56.49M | 23.38M | 57.08M | 14.26M |
| Unlevered Free Cash Flow | 55.75K | 20.00M | 62.55M | 26.57M | 59.02M | 15.08M |
| Cash Interest Paid | 6.63M | 7.88M | 9.54M | 9.48M | 4.43M | 1.46M |
| Cash Income Tax Paid | 1.97M | 2.75M | 2.59M | 4.43M | 282.00K | 171.00K |
| Change in Working Capital | 4.82M | -8.25M | 9.93M | -8.93M | -35.81M | -1.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 38.62M | 83.90M | 192.28M | 175.51M | 40.51M | 388.94M |
| Enterprise Value | 156.10M | 169.54M | 279.88M | 195.50M | 10.23M | |
| Last Close Price | 1.11 | 2.60 | 6.18 | 4.94 | 3.73 | 9.80 |
| PE Ratio | 6.28 | 3.10 | 60.91 | 52.93 | 11.92 | |
| Forward PE | 37.98 | 11.30 | 12.16 | 13.91 | 6.66 | |
| PS Ratio | 0.21 | 0.44 | 0.97 | 0.95 | 0.25 | 2.79 |
| PB Ratio | -1.67 | -1.88 | -4.80 | -0.69 | 94.29 | |
| P/FCF Ratio | 1.89 | 2.78 | 4.95 | 6.62 | 12.05 | |
| P/OCF Ratio | 1.54 | 2.38 | 4.25 | 6.53 | 11.53 | |
| EV/Sales Ratio | 0.85 | 0.88 | 1.42 | 1.05 | 0.06 | |
| EV/EBITDA Ratio | 6.09 | 4.38 | 7.06 | 4.96 | ||
| EV/EBIT Ratio | 6.85 | 4.68 | 7.43 | 5.07 | ||
| EV/FCF Ratio | 7.80 | 5.62 | 7.21 | 7.37 | ||
| Debt / Equity Ratio | -2.21 | -2.18 | -1.08 | -3.14 | -2.07 | 9.05 |
| Debt / EBITDA Ratio | 4.88 | 2.79 | 2.75 | 2.89 | 1.05 | |
| Debt / FCF Ratio | 6.47 | 3.64 | 2.86 | 4.33 | 1.16 | |
| Net Debt / Equity Ratio | -2.02 | -1.70 | -0.70 | -0.71 | -0.71 | 2.56 |
| Net Debt / EBITDA Ratio | 4.61 | 2.22 | 1.80 | 0.66 | -1.20 | 0.30 |
| Net Debt / FCF Ratio | 5.91 | 2.84 | 1.84 | 0.97 | -4.34 | 0.33 |
| Asset Turnover | 1.78 | 1.67 | 1.42 | 1.39 | 1.99 | 3.21 |
| Inventory Turnover | 3.22 | 2.96 | 3.01 | 3.51 | 4.88 | 6.68 |
| Quick Ratio | 0.69 | 0.71 | 0.92 | 4.39 | 4.59 | 1.85 |
| Current Ratio | 1.43 | 1.22 | 1.32 | 5.51 | 5.39 | 2.72 |
| Return on Assets (ROA) | 13.70% | 19.68% | 16.96% | 18.07% | -26.73% | 49.70% |
| Return on Invested Capital (ROIC) | 23.60% | 45.61% | 1.67% | 34.16% | -51.03% | 192.62% |
| Return on Capital Employed (ROCE) | 31.60% | 57.80% | 53.20% | 29.00% | -38.20% | 93.40% |
| Earnings Yield | 15.91% | 32.24% | 1.64% | 1.89% | -2.39% | 8.39% |
| FCF Yield | 52.81% | 35.97% | 20.19% | 15.11% | -23.43% | 8.30% |
| Payout Ratio | 34.96% | |||||
| Buyback Yield / Dilution | 7.45% | -6.99% | -33.30% | -219.00% | -722.55% |