NYSE : AORT
Artivion, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 23.44 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.14B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Artivion, Inc. (AORT) reported revenue of 471.47M 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 | 471.47M | 441.33M | 388.54M | 354.00M | 313.79M | 298.84M |
| Cost of Revenue | 167.97M | 157.10M | 139.76M | 124.83M | 111.27M | 101.32M |
| Gross Profit | 303.50M | 284.23M | 248.78M | 229.18M | 202.52M | 197.51M |
| Selling, General & Admin | 229.25M | 221.90M | 192.37M | 208.89M | 166.35M | 160.90M |
| Research & Development | 35.10M | 30.99M | 28.45M | 28.71M | 38.88M | 35.55M |
| Operating Expenses | 264.35M | 252.89M | 220.82M | 237.60M | 205.23M | 196.45M |
| Operating Income | 39.15M | 31.34M | 27.96M | -8.42M | -2.71M | 1.06M |
| Interest Expense | -24.36M | -26.68M | -34.37M | -25.38M | -18.31M | -16.89M |
| Interest & Investment Income | 1.12M | 763.00K | 1.47M | 1.08M | 147.00K | 79.00K |
| Currency Exchange Gain (Loss) | -1.80M | 7.20M | -5.40M | 2.10M | -3.10M | -5.50M |
| Other Non Operating Income (Expenses) | 1.74M | 2.32M | -4.51M | -5.21M | -8.00K | -636.00K |
| EBT Excluding Unusual Items | 15.85M | 14.94M | -14.85M | -35.84M | -23.98M | -21.88M |
| Merger & Restructuring Charges | -12.50M | |||||
| Gain (Loss) on Sale of Assets | 7.00M | 7.00M | 14.25M | 15.92M | ||
| Other Unusual Items | -12.82M | -10.36M | 7.33M | 9.00M | -8.87M | |
| Pretax Income | 2.23M | 14.78M | -7.51M | -21.59M | -14.98M | -14.83M |
| Income Tax Expense | 5.40M | 5.01M | 5.84M | 9.10M | 4.21M | 7.00K |
| Net Income | -3.17M | 9.77M | -13.36M | -30.69M | -19.19M | -14.83M |
| Preferred Dividends & Other Adjustments | 26.00K | 11.00K | -24.00K | -123.00K | -98.00K | -94.00K |
| Net Income to Common | -3.19M | 9.76M | -13.34M | -30.57M | -19.09M | -14.74M |
| Shares Outstanding (Basic) | 47.85M | 45.34M | 41.68M | 40.74M | 40.03M | 38.98M |
| Shares Outstanding (Diluted) | 47.85M | 47.16M | 41.68M | 40.74M | 40.03M | 38.98M |
| EPS (Basic) | -0.07 | 0.22 | -0.32 | -0.75 | -0.48 | -0.38 |
| EPS (Diluted) | -0.07 | 0.21 | -0.32 | -0.75 | -0.48 | -0.38 |
| Free Cash Flow | -9.16M | 839.00K | 11.05M | 9.07M | -15.87M | -15.68M |
| Free Cash Flow Per Share | -0.19 | 0.02 | 0.27 | 0.22 | -0.40 | -0.40 |
| Gross Margin | 64.37% | 64.40% | 64.03% | 64.74% | 64.54% | 66.09% |
| Operating Margin | 8.30% | 7.10% | 7.20% | -2.38% | -0.86% | 0.36% |
| Profit Margin | -0.68% | 2.21% | -3.43% | -8.63% | -6.08% | -4.93% |
| Free Cash Flow Margin | -1.94% | 0.19% | 2.84% | 2.56% | -5.06% | -5.25% |
| EBITDA | 63.72M | 53.80M | 52.17M | 14.65M | 19.73M | 25.04M |
| EBITDA Margin | 13.51% | 12.19% | 13.43% | 4.14% | 6.29% | 8.38% |
| D&A For EBITDA | 24.56M | 22.46M | 24.20M | 23.08M | 22.44M | 23.98M |
| EBIT | 39.15M | 31.34M | 27.96M | -8.42M | -2.71M | 1.06M |
| EBIT Margin | 8.30% | 7.10% | 7.20% | -2.38% | -0.86% | 0.36% |
| Effective Tax Rate | 241.74% | 33.91% | ||||
| Revenue as Reported | 471.47M | 441.33M | 388.54M | 354.00M | 313.79M | 298.84M |
| Advertising Expenses | 2.00M | 1.70M | 1.90M | 1.60M | 1.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 77.32M | 64.91M | 53.46M | 58.94M | 39.35M | 55.01M |
| Cash & Short-Term Investments | 77.32M | 64.91M | 53.46M | 58.94M | 39.35M | 55.01M |
| Accounts Receivable | 97.93M | 89.76M | 79.46M | 71.80M | 61.82M | 53.02M |
| Other Receivables | 12.84M | 13.92M | 6.43M | 2.34M | 7.76M | 5.09M |
| Receivables | 110.76M | 122.78M | 85.89M | 74.14M | 69.58M | 58.10M |
| Inventory | 103.36M | 92.43M | 79.77M | 81.98M | 74.48M | 76.97M |
| Prepaid Expenses | 23.47M | 20.34M | 19.26M | 15.81M | 17.55M | 14.75M |
| Other Current Assets | 56.47M | 57.63M | 51.70M | 49.80M | 46.37M | 42.86M |
| Total Current Assets | 371.38M | 358.08M | 290.08M | 280.67M | 247.33M | 247.70M |
| Property, Plant & Equipment | 110.28M | 99.69M | 76.13M | 82.18M | 80.53M | 83.23M |
| Goodwill | 349.86M | 254.09M | 240.96M | 247.34M | 243.63M | 250.00M |
| Other Intangible Assets | 223.97M | 156.50M | 156.38M | 172.23M | 182.65M | 201.50M |
| Long-Term Deferred Tax Assets | 1.22M | 1.20M | 1.07M | 1.09M | 1.31M | 2.36M |
| Long-Term Deferred Charges | 1.40M | 2.60M | 1.70M | |||
| Other Long-Term Assets | 13.83M | 12.64M | 13.58M | 8.89M | 7.34M | 8.27M |
| Total Assets | 1.07B | 884.80M | 789.10M | 792.40M | 762.80M | 793.05M |
| Accounts Payable | 20.87M | 16.04M | 17.97M | 13.32M | 12.00M | 10.39M |
| Accrued Expenses | 42.16M | 44.98M | 40.35M | 32.89M | 28.30M | 24.92M |
| Short-Term Debt | 900.00K | |||||
| Current Portion of Long-Term Debt | 195.00K | 1.45M | 1.61M | 1.63M | ||
| Current Portion of Leases | 5.92M | 5.38M | 5.09M | 3.98M | 3.82M | 3.68M |
| Current Income Taxes Payable | 5.58M | 7.49M | 2.93M | 3.84M | 2.63M | 3.63M |
| Other Current Liabilities | 32.40M | 26.77M | 283.00K | 2.39M | 1.31M | 700.00K |
| Total Current Liabilities | 106.93M | 101.56M | 66.82M | 57.86M | 49.67M | 44.95M |
| Long-Term Debt | 363.42M | 215.11M | 314.15M | 305.53M | 306.50M | 307.49M |
| Long-Term Leases | 38.63M | 37.12M | 42.82M | 47.38M | 44.90M | 49.24M |
| Long-Term Deferred Tax Liabilities | 25.88M | 24.31M | 20.18M | 21.85M | 24.50M | 28.80M |
| Other Long-Term Liabilities | 91.48M | 58.46M | 68.92M | 77.99M | 52.90M | 61.84M |
| Total Liabilities | 626.35M | 436.56M | 512.90M | 510.62M | 478.47M | 492.32M |
| Common Stock | 502.00K | 493.00K | 434.00K | 426.00K | 418.00K | 414.00K |
| Additional Paid-In Capital | 535.80M | 516.60M | 376.61M | 355.92M | 337.38M | 322.87M |
| Retained Earnings | -63.59M | -51.50M | -61.27M | -47.91M | -17.22M | 1.98M |
| Treasury Stock | -14.65M | -14.65M | -14.65M | -14.65M | -14.65M | -14.65M |
| Comprehensive Income & Other | -12.48M | -2.72M | -24.93M | -12.01M | -21.61M | -9.89M |
| Shareholders' Equity | 445.58M | 448.23M | 276.20M | 281.78M | 284.33M | 300.73M |
| Total Liabilities & Equity | 1.07B | 884.80M | 789.10M | 792.40M | 762.80M | 793.05M |
| Total Debt | 407.97M | 258.51M | 362.26M | 358.34M | 356.83M | 362.04M |
| Net Cash (Debt) | -330.65M | -193.61M | -308.80M | -299.40M | -317.48M | -307.03M |
| Net Cash Per Share | -6.91 | -4.11 | -7.41 | -7.35 | -7.93 | -7.88 |
| Filing Date Shares Outstanding | 48.76M | 47.88M | 42.05M | 41.23M | 40.56M | 40.12M |
| Total Common Shares Outstanding | 48.69M | 47.84M | 41.95M | 41.08M | 40.34M | 39.91M |
| Working Capital | 264.45M | 256.53M | 223.26M | 222.81M | 197.66M | 202.74M |
| Book Value Per Share | 9.15 | 9.37 | 6.58 | 6.86 | 7.05 | 7.54 |
| Tangible Book Value | -128.25M | 37.65M | -121.14M | -137.79M | -141.95M | -150.77M |
| Tangible Book Value Per Share | -2.63 | 0.79 | -2.89 | -3.35 | -3.52 | -3.78 |
| Buildings | 19.93M | |||||
| Machinery | 89.30M | 74.36M | 74.17M | 79.63M | 80.49M | |
| Leasehold Improvements | 53.60M | 51.21M | 49.11M | 47.38M | 39.17M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.17M | 9.77M | -13.36M | -30.69M | -19.19M | -14.83M |
| Depreciation & Amortization | 24.56M | 22.46M | 24.20M | 23.08M | 22.44M | 23.98M |
| Loss (Gain) From Sale of Assets | -7.00M | -7.00M | -14.25M | -15.92M | ||
| Stock-Based Compensation | 26.80M | 24.39M | 14.24M | 14.42M | 12.34M | 10.71M |
| Other Operating Activities | 25.76M | 14.77M | 10.06M | 34.65M | 2.42M | 26.31M |
| Change in Accounts Receivable | -5.58M | -7.27M | -15.39M | -4.05M | -13.34M | -11.56M |
| Change in Inventory | -20.51M | -15.28M | -6.14M | -14.36M | -8.40M | -18.38M |
| Change in Accounts Payable | 4.04M | 2.18M | 9.50M | 4.50M | 808.00K | -1.89M |
| Change in Other Net Operating Assets | -854.00K | -1.80M | -5.21M | 535.00K | -2.23M | -1.40M |
| Operating Cash Flow | 41.71M | 39.88M | 22.24M | 18.82M | -5.15M | -2.58M |
| Capital Expenditures | -50.87M | -39.04M | -11.19M | -9.75M | -10.71M | -13.09M |
| Cash Acquisitions | -116.66M | |||||
| Sale (Purchase) of Intangibles | -8.00M | -8.00M | -17.00M | -5.00M | ||
| Other Investing Activities | 500.00K | 5.00M | 14.25M | 18.75M | ||
| Investing Cash Flow | -175.03M | -42.04M | -28.19M | -502.00K | -10.71M | 5.66M |
| Long-Term Debt Issued | 212.50M | |||||
| Total Debt Issued | 148.88M | 212.50M | ||||
| Short-Term Debt Repaid | -2.25M | -1.03M | -2.53M | -299.00K | ||
| Long-Term Debt Repaid | -210.00K | -211.83M | -2.77M | -2.75M | -2.79M | |
| Total Debt Repaid | -3.21M | -2.46M | -212.86M | -5.30M | -2.75M | -3.08M |
| Net Debt Issued (Repaid) | 145.66M | -2.46M | -358.00K | -5.30M | -2.75M | -3.08M |
| Issuance of Common Stock | 11.24M | 13.07M | 5.73M | 3.96M | 3.37M | 3.76M |
| Repurchase of Common Stock | -559.00K | -1.79M | -1.91M | |||
| Other Financing Activities | 695.00K | 668.00K | -3.17M | 2.77M | -459.00K | -10.98M |
| Financing Cash Flow | 157.60M | 11.28M | 2.20M | 865.00K | -1.64M | -12.22M |
| Foreign Exchange Rate Adjustments | -440.00K | 2.32M | -1.73M | 401.00K | 1.85M | 2.20M |
| Net Cash Flow | 23.84M | 11.45M | -5.48M | 19.59M | -15.66M | -6.95M |
| Free Cash Flow | -9.16M | 839.00K | 11.05M | 9.07M | -15.87M | -15.68M |
| Free Cash Flow Margin | -1.94% | 0.19% | 2.84% | 2.56% | -5.06% | -5.25% |
| Free Cash Flow Per Share | -0.19 | 0.02 | 0.27 | 0.22 | -0.40 | -0.40 |
| Levered Free Cash Flow | 13.10M | -20.10M | 472.12K | -3.94M | 235.62K | -21.05M |
| Unlevered Free Cash Flow | 28.32M | -3.43M | 21.95M | 11.92M | 11.68M | -10.50M |
| Cash Interest Paid | 28.23M | 28.23M | 24.52M | 23.33M | 14.24M | 14.41M |
| Cash Income Tax Paid | 2.54M | 2.54M | 13.70M | 4.87M | 9.24M | 5.48M |
| Change in Working Capital | -22.90M | -22.16M | -17.24M | -13.38M | -23.17M | -33.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.10B | 2.16B | 1.20B | 733.95M | 488.79M | 800.36M |
| Enterprise Value | 1.43B | 2.35B | 1.51B | 1.04B | 807.35M | 1.10B |
| Last Close Price | 22.58 | 45.61 | 28.59 | 17.88 | 12.12 | 20.35 |
| PE Ratio | 221.46 | |||||
| Forward PE | 220.94 | 127.40 | 280.54 | 262.49 | 262.49 | 106.05 |
| PS Ratio | 2.34 | 4.90 | 3.08 | 2.07 | 1.56 | 2.68 |
| PB Ratio | 2.47 | 4.82 | 4.34 | 2.60 | 1.72 | 2.66 |
| P/TBV Ratio | 57.40 | |||||
| P/FCF Ratio | 2,575.41 | 108.48 | 80.89 | |||
| P/OCF Ratio | 26.39 | 54.18 | 53.90 | 38.99 | ||
| PEG Ratio | 117.39 | 117.39 | 117.39 | 117.39 | 117.39 | |
| EV/Sales Ratio | 3.04 | 5.32 | 3.88 | 2.93 | 2.57 | 3.68 |
| EV/EBITDA Ratio | 22.47 | 43.67 | 28.87 | 70.88 | 40.92 | 43.89 |
| EV/EBIT Ratio | 36.56 | 74.97 | 53.86 | 1,033.02 | ||
| EV/FCF Ratio | 2,800.16 | 136.32 | 114.46 | |||
| Debt / Equity Ratio | 0.92 | 0.58 | 1.31 | 1.27 | 1.25 | 1.20 |
| Debt / EBITDA Ratio | 5.72 | 4.22 | 6.09 | 16.49 | 13.29 | 11.13 |
| Debt / FCF Ratio | 308.12 | 32.79 | 39.49 | |||
| Net Debt / Equity Ratio | 0.74 | 0.43 | 1.12 | 1.06 | 1.12 | 1.02 |
| Net Debt / EBITDA Ratio | 5.19 | 3.60 | 5.92 | 20.43 | 16.09 | 12.26 |
| Net Debt / FCF Ratio | -36.11 | 230.76 | 27.95 | 33.00 | -20.01 | -19.59 |
| Asset Turnover | 0.49 | 0.53 | 0.49 | 0.46 | 0.40 | 0.38 |
| Inventory Turnover | 1.77 | 1.82 | 1.73 | 1.60 | 1.47 | 1.35 |
| Quick Ratio | 1.76 | 1.66 | 2.08 | 2.30 | 2.19 | 2.52 |
| Current Ratio | 3.47 | 3.53 | 4.34 | 4.85 | 4.98 | 5.51 |
| Return on Equity (ROE) | -0.73% | 2.70% | -4.79% | -10.84% | -6.56% | -4.71% |
| Return on Assets (ROA) | 2.56% | 2.34% | 2.21% | -0.68% | -0.22% | 0.08% |
| Return on Invested Capital (ROIC) | -7.77% | 3.38% | 4.80% | -1.42% | -0.45% | 0.18% |
| Return on Capital Employed (ROCE) | 4.10% | 4.00% | 3.90% | -1.10% | -0.40% | 0.10% |
| Earnings Yield | -0.30% | 0.45% | -1.11% | -4.18% | -3.93% | -1.85% |
| FCF Yield | -0.83% | 0.04% | 0.92% | 1.24% | -3.25% | -1.96% |
| Buyback Yield / Dilution | -12.42% | -13.16% | -2.29% | -1.78% | -2.69% | -2.96% |
| Total Shareholder Return | -12.42% | -13.16% | -2.29% | -1.78% | -2.69% | -2.96% |