NASDAQ : MDXG
MiMedx Group, Inc. — Financial statements
Healthcare · Biotechnology · United States
Last price 3.88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 566.19M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
MiMedx Group, Inc. (MDXG) reported revenue of 303.73M 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 | 303.73M | 418.63M | 348.88M | 321.48M | 267.84M | 242.02M |
| Cost of Revenue | 68.98M | 73.01M | 60.07M | 54.63M | 48.32M | 39.63M |
| Gross Profit | 234.75M | 345.62M | 288.81M | 266.84M | 219.53M | 202.39M |
| Selling, General & Admin | 244.40M | 266.19M | 216.39M | 216.30M | 220.85M | 198.64M |
| Research & Development | 14.47M | 15.10M | 12.34M | 12.66M | 12.70M | 9.93M |
| Amortization of Goodwill & Intangibles | 1.02M | 439.00K | 765.00K | 762.00K | 701.00K | 820.00K |
| Operating Expenses | 259.88M | 281.73M | 229.50M | 229.73M | 234.25M | 209.39M |
| Operating Income | -25.14M | 63.89M | 59.31M | 37.12M | -14.73M | -7.00M |
| Interest Expense | -1.40M | -1.78M | -3.94M | -6.58M | -5.05M | -4.98M |
| Interest & Investment Income | 4.75M | 4.72M | 2.93M | 118.00K | 32.00K | |
| Other Non Operating Income (Expenses) | -593.00K | -558.00K | -565.00K | -26.00K | -4.00K | -23.00K |
| EBT Excluding Unusual Items | -22.38M | 66.26M | 57.74M | 30.63M | -19.75M | -12.00M |
| Asset Writedown | -446.00K | -53.00K | ||||
| Pretax Income | -22.38M | 66.26M | 57.29M | 30.63M | -19.75M | -12.05M |
| Income Tax Expense | -3.19M | 17.68M | 15.30M | -36.81M | 206.00K | 247.00K |
| Earnings From Continuing Operations | -19.19M | 48.58M | 42.00M | 67.44M | -19.95M | -12.30M |
| Earnings From Discontinued Operations | 421.00K | -9.21M | -10.24M | 2.02M | ||
| Net Income | -19.19M | 48.58M | 42.42M | 58.23M | -30.20M | -10.29M |
| Preferred Dividends & Other Adjustments | 11.64M | 6.58M | 6.14M | |||
| Net Income to Common | -19.19M | 48.58M | 42.42M | 46.59M | -36.78M | -16.42M |
| Shares Outstanding (Basic) | 147.54M | 147.79M | 146.98M | 116.50M | 112.91M | 110.35M |
| Shares Outstanding (Diluted) | 147.54M | 149.72M | 149.05M | 145.96M | 112.91M | 110.35M |
| EPS (Basic) | -0.13 | 0.33 | 0.29 | 0.40 | -0.33 | -0.15 |
| EPS (Diluted) | -0.13 | 0.32 | 0.28 | 0.36 | -0.33 | -0.15 |
| Free Cash Flow | 19.12M | 72.97M | 64.52M | 24.79M | -19.41M | -5.20M |
| Free Cash Flow Per Share | 0.13 | 0.49 | 0.43 | 0.17 | -0.17 | -0.05 |
| Gross Margin | 77.29% | 82.56% | 82.78% | 83.00% | 81.96% | 83.63% |
| Operating Margin | -8.28% | 15.26% | 17.00% | 11.54% | -5.50% | -2.89% |
| Profit Margin | -6.32% | 11.60% | 12.16% | 14.49% | -13.73% | -6.78% |
| Free Cash Flow Margin | 6.30% | 17.43% | 18.49% | 7.71% | -7.25% | -2.15% |
| EBITDA | -17.31M | 78.77M | 65.35M | 40.54M | -10.68M | -1.81M |
| EBITDA Margin | -5.70% | 18.82% | 18.73% | 12.61% | -3.99% | -0.75% |
| D&A For EBITDA | 7.83M | 14.88M | 6.04M | 3.43M | 4.05M | 5.18M |
| EBIT | -25.14M | 63.89M | 59.31M | 37.12M | -14.73M | -7.00M |
| EBIT Margin | -8.28% | 15.26% | 17.00% | 11.54% | -5.50% | -2.89% |
| Effective Tax Rate | 26.69% | 26.70% | ||||
| Advertising Expenses | 500.00K | 600.00K | 600.00K | 200.00K | 100.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 120.79M | 166.12M | 104.42M | 82.00M | 65.95M | 87.08M |
| Cash & Short-Term Investments | 120.79M | 166.12M | 104.42M | 82.00M | 65.95M | 87.08M |
| Accounts Receivable | 37.27M | 75.71M | 55.83M | 53.87M | 43.08M | 40.35M |
| Other Receivables | 743.00K | |||||
| Receivables | 37.27M | 75.71M | 55.83M | 53.87M | 43.08M | 41.10M |
| Inventory | 22.09M | 25.34M | 23.81M | 21.02M | 13.18M | 11.39M |
| Prepaid Expenses | 5.62M | 7.32M | 6.15M | |||
| Other Current Assets | 7.08M | 10.30M | 7.83M | 1.75M | 4.67M | 2.81M |
| Total Current Assets | 187.23M | 277.47M | 191.89M | 164.26M | 134.20M | 148.52M |
| Property, Plant & Equipment | 4.71M | 9.06M | 11.55M | 9.11M | 11.26M | 13.86M |
| Goodwill | 19.44M | 19.44M | 19.44M | 19.44M | 19.44M | 19.98M |
| Other Intangible Assets | 11.12M | 14.16M | 11.63M | 5.26M | 5.85M | 5.38M |
| Long-Term Deferred Tax Assets | 29.22M | 19.60M | 28.31M | 40.78M | ||
| Long-Term Deferred Charges | 500.00K | |||||
| Other Long-Term Assets | 12.33M | 2.93M | 1.11M | 205.00K | 683.00K | 186.00K |
| Total Assets | 264.55M | 342.65M | 263.92M | 239.05M | 171.43M | 187.93M |
| Accounts Payable | 11.83M | 14.53M | 7.41M | 9.05M | 8.45M | 7.38M |
| Accrued Expenses | 23.34M | 39.03M | 30.23M | 29.78M | 26.68M | 29.81M |
| Current Portion of Long-Term Debt | 1.50M | 1.00M | 1.00M | |||
| Current Portion of Leases | 1.32M | 1.31M | 1.55M | 1.44M | 1.25M | |
| Other Current Liabilities | 7.87M | 7.88M | 5.65M | 4.63M | 6.98M | 3.91M |
| Total Current Liabilities | 43.03M | 64.27M | 45.59M | 46.01M | 43.56M | 42.36M |
| Long-Term Debt | 16.47M | 17.83M | 48.10M | 48.59M | 48.13M | |
| Long-Term Leases | 3.25M | 4.71M | 898.00K | 2.44M | 3.92M | |
| Other Long-Term Liabilities | 10.44M | 2.13M | 2.68M | 1.32M | 2.33M | 951.00K |
| Total Liabilities | 53.47M | 86.11M | 70.81M | 96.33M | 96.92M | 95.35M |
| Common Stock | 149.00K | 148.00K | 147.00K | 146.00K | 114.00K | 113.00K |
| Additional Paid-In Capital | 300.86M | 299.08M | 284.22M | 276.25M | 173.80M | 165.69M |
| Retained Earnings | -77.06M | -42.68M | -91.26M | -133.68M | -191.91M | -161.71M |
| Treasury Stock | -12.86M | -4.02M | ||||
| Total Common Equity | 211.08M | 256.55M | 193.11M | 142.72M | -17.99M | 82.00K |
| Shareholders' Equity | 211.08M | 256.55M | 193.11M | 142.72M | 74.51M | 92.58M |
| Total Liabilities & Equity | 264.55M | 342.65M | 263.92M | 239.05M | 171.43M | 187.93M |
| Total Debt | 22.53M | 24.84M | 51.55M | 52.47M | 53.29M | |
| Net Cash (Debt) | 120.79M | 143.59M | 79.57M | 30.45M | 13.48M | 33.79M |
| Net Cash Per Share | 0.82 | 0.96 | 0.53 | 0.21 | 0.12 | 0.31 |
| Filing Date Shares Outstanding | 145.93M | 148.57M | 147.37M | 146.96M | 113.96M | 111.48M |
| Total Common Shares Outstanding | 145.93M | 148.09M | 146.93M | 146.23M | 113.58M | 111.05M |
| Working Capital | 144.20M | 213.21M | 146.29M | 118.25M | 90.64M | 106.17M |
| Book Value Per Share | 1.45 | 1.73 | 1.31 | 0.98 | -0.16 | 0.00 |
| Tangible Book Value | 180.52M | 222.95M | 162.04M | 118.02M | -43.28M | -25.28M |
| Tangible Book Value Per Share | 1.24 | 1.51 | 1.10 | 0.81 | -0.38 | -0.23 |
| Machinery | 18.00M | 17.75M | 17.50M | 15.94M | 31.44M | 31.54M |
| Construction In Progress | 1.45M | 612.00K | 686.00K | 1.79M | 1.98M | 397.00K |
| Leasehold Improvements | 8.96M | 8.98M | 8.21M | 8.14M | 9.19M | 9.05M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -19.19M | 48.58M | 42.42M | 58.23M | -30.20M | -10.29M |
| Depreciation & Amortization | 7.83M | 14.88M | 6.04M | 3.43M | 4.05M | 5.18M |
| Other Amortization | 1.05M | |||||
| Loss (Gain) From Sale of Assets | 262.00K | |||||
| Asset Writedown & Restructuring Costs | 53.00K | |||||
| Stock-Based Compensation | 4.88M | 16.40M | 16.93M | 16.96M | 11.33M | 14.16M |
| Provision & Write-off of Bad Debts | 10.94M | 6.51M | 595.00K | 1.45M | 2.82M | |
| Other Operating Activities | -5.90M | 10.61M | 6.57M | -26.71M | 12.04M | -946.00K |
| Change in Accounts Receivable | 28.54M | -26.39M | -2.55M | -12.24M | -5.94M | -10.62M |
| Change in Inventory | 4.41M | -1.53M | -2.36M | -7.84M | -1.79M | -1.41M |
| Change in Accounts Payable | 714.00K | 2.12M | -1.41M | 783.00K | 839.00K | -159.00K |
| Change in Other Net Operating Assets | -11.48M | 2.83M | 885.00K | 876.00K | -1.12M | -7.17M |
| Operating Cash Flow | 20.74M | 74.00M | 66.20M | 26.77M | -17.89M | -1.98M |
| Capital Expenditures | -1.62M | -1.03M | -1.68M | -1.99M | -1.51M | -3.22M |
| Cash Acquisitions | -5.00M | -3.76M | -7.86M | |||
| Sale (Purchase) of Intangibles | -97.00K | -252.00K | ||||
| Investment in Securities | -89.00K | -2.09M | -38.00K | -168.00K | ||
| Other Investing Activities | -1.15M | 75.00K | ||||
| Investing Cash Flow | -6.80M | -6.89M | -9.58M | -2.15M | -2.66M | -3.40M |
| Short-Term Debt Issued | 30.00M | |||||
| Long-Term Debt Issued | 19.78M | |||||
| Total Debt Issued | 49.78M | |||||
| Short-Term Debt Repaid | -30.00M | |||||
| Long-Term Debt Repaid | -1.00M | -51.50M | -38.00K | |||
| Total Debt Repaid | -18.25M | -1.00M | -81.50M | -38.00K | ||
| Net Debt Issued (Repaid) | -18.25M | -1.00M | -31.72M | -38.00K | ||
| Issuance of Common Stock | 1.40M | 997.00K | 651.00K | 1.44M | ||
| Repurchase of Common Stock | -14.92M | -3.12M | -2.64M | -1.19M | -4.75M | |
| Other Financing Activities | -2.06M | -1.29M | -1.24M | -52.00K | -41.00K | |
| Financing Cash Flow | -35.23M | -5.41M | -34.20M | -8.57M | -580.00K | -3.35M |
| Net Cash Flow | -21.29M | 61.70M | 22.42M | 16.05M | -21.13M | -8.73M |
| Free Cash Flow | 19.12M | 72.97M | 64.52M | 24.79M | -19.41M | -5.20M |
| Free Cash Flow Margin | 6.30% | 17.43% | 18.49% | 7.71% | -7.25% | -2.15% |
| Free Cash Flow Per Share | 0.13 | 0.49 | 0.43 | 0.17 | -0.17 | -0.05 |
| Levered Free Cash Flow | 26.70M | 63.34M | 50.52M | 24.82M | -4.30M | -4.07M |
| Unlevered Free Cash Flow | 27.58M | 64.45M | 52.98M | 28.93M | -1.14M | -2.02M |
| Cash Interest Paid | 863.00K | 1.25M | 2.70M | 6.03M | 4.57M | 4.33M |
| Cash Income Tax Paid | 6.32M | 8.51M | 3.25M | -548.00K | 181.00K | 169.00K |
| Change in Working Capital | 22.18M | -22.98M | -5.43M | -18.42M | -8.01M | -19.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 478.64M | 1.00B | 1.41B | 1.02B | 315.53M | 670.50M |
| Enterprise Value | 357.84M | 878.78M | 1.34B | 1.08B | 390.73M | 726.18M |
| Last Close Price | 3.88 | 6.77 | 9.62 | 8.77 | 2.78 | 6.04 |
| PE Ratio | 20.64 | 33.33 | 21.91 | |||
| Forward PE | 21.61 | 32.89 | 35.08 | 12.67 | 12.67 | |
| PS Ratio | 1.62 | 2.40 | 4.05 | 3.17 | 1.18 | 2.77 |
| PB Ratio | 2.68 | 3.91 | 7.32 | 7.15 | 4.24 | 7.24 |
| P/TBV Ratio | 2.72 | 4.50 | 8.72 | 8.65 | ||
| P/FCF Ratio | 25.72 | 13.74 | 21.91 | 41.17 | ||
| P/OCF Ratio | 23.71 | 13.55 | 21.35 | 38.11 | ||
| PEG Ratio | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | |
| EV/Sales Ratio | 1.22 | 2.10 | 3.85 | 3.37 | 1.46 | 3.00 |
| EV/EBITDA Ratio | 11.16 | 20.56 | 26.70 | |||
| EV/EBIT Ratio | 13.76 | 22.66 | 29.17 | |||
| EV/FCF Ratio | 19.40 | 12.04 | 20.83 | 43.67 | ||
| Debt / Equity Ratio | 0.09 | 0.13 | 0.36 | 0.70 | 0.58 | |
| Debt / EBITDA Ratio | 0.28 | 0.37 | 1.23 | |||
| Debt / FCF Ratio | 0.31 | 0.39 | 2.08 | |||
| Net Debt / Equity Ratio | -0.57 | -0.56 | -0.41 | -0.21 | -0.18 | -0.36 |
| Net Debt / EBITDA Ratio | 6.98 | -1.82 | -1.22 | -0.75 | 1.26 | 18.62 |
| Net Debt / FCF Ratio | -6.32 | -1.97 | -1.23 | -1.23 | 0.69 | 6.50 |
| Asset Turnover | 1.04 | 1.38 | 1.39 | 1.57 | 1.49 | 1.24 |
| Inventory Turnover | 2.84 | 2.97 | 2.68 | 3.19 | 3.93 | 3.64 |
| Quick Ratio | 3.67 | 3.76 | 3.52 | 2.95 | 2.50 | 3.03 |
| Current Ratio | 4.35 | 4.32 | 4.21 | 3.57 | 3.08 | 3.51 |
| Return on Equity (ROE) | -8.53% | 21.61% | 25.01% | 62.09% | -23.88% | -13.37% |
| Return on Assets (ROA) | -5.38% | 13.17% | 14.74% | 11.30% | -5.12% | -2.24% |
| Return on Invested Capital (ROIC) | -26.79% | 41.36% | 38.51% | 42.84% | -24.58% | -13.18% |
| Return on Capital Employed (ROCE) | -11.30% | 22.90% | 27.20% | 19.20% | -11.50% | -4.80% |
| Earnings Yield | -3.97% | 4.84% | 3.00% | 5.71% | -9.57% | -1.53% |
| FCF Yield | 3.89% | 7.28% | 4.56% | 2.43% | -6.15% | -0.78% |
| Buyback Yield / Dilution | 1.32% | -0.45% | -2.11% | -29.27% | -2.32% | -1.94% |