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Bioventus Inc. Financials

BVS
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bioventus Inc. (BVS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 45 / 100
Financial Profile 45/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
43

Bioventus Inc. has an operating margin of 9.5%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 43/100, indicating healthy but not exceptional operating efficiency. This is up from -2.6% the prior year.

Growth
32

Bioventus Inc.'s revenue declined 0.9% year-over-year, from $573.3M to $568.1M. This contraction results in a growth score of 32/100.

Leverage
71

Bioventus Inc. carries a low D/E ratio of 1.52, meaning only $1.52 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
30

Bioventus Inc.'s current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
57

Bioventus Inc. has a free cash flow margin of 12.7%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
39

Bioventus Inc.'s ROE of 12.3% shows moderate profitability relative to equity, earning a score of 39/100. This is up from -24.4% the prior year.

Altman Z-Score Distress
1.42

Bioventus Inc. scores 1.42, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($616.4M) relative to total liabilities ($455.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong
8/9

Bioventus Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
3.28x

For every $1 of reported earnings, Bioventus Inc. generates $3.28 in operating cash flow ($74.7M OCF vs $22.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$568.1M
YoY-0.9%
5Y CAGR+12.1%

Bioventus Inc. generated $568.1M in revenue in fiscal year 2025. This represents a decrease of 0.9% from the prior year.

EBITDA
$101.0M
YoY+193.9%
5Y CAGR+15.2%

Bioventus Inc.'s EBITDA was $101.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 193.9% from the prior year.

Net Income
$22.7M
YoY+162.9%
5Y CAGR+6.7%

Bioventus Inc. reported $22.7M in net income in fiscal year 2025. This represents an increase of 162.9% from the prior year.

EPS (Diluted)
$0.33
YoY+158.9%

Bioventus Inc. earned $0.33 per diluted share (EPS) in fiscal year 2025. This represents an increase of 158.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$72.1M
YoY+90.8%
5Y CAGR+5.5%

Bioventus Inc. generated $72.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 90.8% from the prior year.

Cash & Debt
$51.2M
YoY+23.2%
5Y CAGR-10.0%

Bioventus Inc. held $51.2M in cash against $279.0M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
68.3%
YoY+0.6pp
5Y CAGR-4.4pp

Bioventus Inc.'s gross margin was 68.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin
9.5%
YoY+12.2pp
5Y CAGR+2.9pp

Bioventus Inc.'s operating margin was 9.5% in fiscal year 2025, reflecting core business profitability. This is up 12.2 percentage points from the prior year.

Net Margin
4.0%
YoY+10.3pp
5Y CAGR-1.1pp

Bioventus Inc.'s net profit margin was 4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.3 percentage points from the prior year.

Return on Equity
12.3%
YoY+36.8pp
5Y CAGR+1.0pp

Bioventus Inc.'s ROE was 12.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 36.8 percentage points from the prior year.

Capital Allocation

R&D Spending
$12.1M
YoY-13.2%
5Y CAGR+1.6%

Bioventus Inc. invested $12.1M in research and development in fiscal year 2025. This represents a decrease of 13.2% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$2.6M
YoY+154.7%
5Y CAGR-31.2%

Bioventus Inc. invested $2.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 154.7% from the prior year.

BVS Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $157.9M+13.9% $138.7M-6.1% $147.7M+19.2% $123.9M-19.4% $153.6M+10.6% $139.0M-8.1% $151.2M+16.8% $129.5M
Cost of Revenue $49.1M+10.6% $44.4M-2.5% $45.6M+11.6% $40.8M-19.9% $51.0M+12.3% $45.4M-4.6% $47.6M+15.8% $41.1M
Gross Profit $108.8M+15.4% $94.2M-7.7% $102.1M+22.9% $83.1M-19.1% $102.7M+9.7% $93.6M-9.7% $103.6M+17.3% $88.4M
R&D Expenses $3.0M+2.9% $2.9M-7.8% $3.2M+5.3% $3.0M-7.9% $3.3M-14.9% $3.8M-8.7% $4.2M+60.3% $2.6M
SG&A Expenses $82.8M+5.2% $78.7M-0.6% $79.1M+7.6% $73.5M-15.4% $86.9M+6.6% $81.5M-15.7% $96.7M+22.7% $78.8M
Operating Income $19.5M+73.2% $11.3M-38.7% $18.4M+277.2% $4.9M-36.8% $7.7M+111.2% $3.6M+111.6% -$31.5M-738.7% $4.9M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax -$3.2M-578.2% $664K-36.2% $1.0M+1195.8% -$95K-117.3% $550K-6.6% $589K+108.0% -$7.3M-909.2% $907K
Net Income $14.8M+367.7% $3.2M-57.7% $7.5M+382.9% -$2.6M-579.6% -$388K+92.5% -$5.2M+79.9% -$25.7M-425.2% -$4.9M
EPS (Diluted) N/A $0.05-54.5% $0.11+375.0% $-0.04 N/A $-0.08+80.0% $-0.40-400.0% $-0.08

BVS Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $683.6M-2.6% $701.6M-0.7% $706.8M+2.2% $691.4M-5.0% $728.0M-5.4% $769.5M-2.9% $792.2M-0.3% $794.2M
Current Assets $272.8M-2.9% $280.9M+2.1% $275.2M+10.4% $249.4M-9.5% $275.6M-7.7% $298.7M-3.3% $308.9M+16.2% $265.9M
Cash & Equivalents $51.2M+21.5% $42.2M+28.1% $32.9M+44.3% $22.8M-45.2% $41.6M-3.5% $43.1M+34.6% $32.0M+27.1% $25.2M
Inventory $82.2M-14.6% $96.3M-0.2% $96.5M+2.6% $94.0M+1.7% $92.5M+2.7% $90.0M+2.8% $87.6M-9.7% $97.0M
Accounts Receivable $128.3M-1.6% $130.4M-1.5% $132.4M+12.1% $118.1M-7.3% $127.4M+4.5% $121.9M-11.2% $137.3M+9.4% $125.5M
Goodwill $7.5M0.0% $7.5M0.0% $7.5M0.0% $7.5M0.0% $7.5M0.0% $7.5M0.0% $7.5M0.0% $7.5M
Total Liabilities $455.1M-7.9% $494.3M-2.2% $505.5M-0.1% $505.9M-6.7% $542.4M-6.9% $582.7M-3.4% $603.1M+4.6% $576.8M
Current Liabilities $160.4M-0.8% $161.8M-12.9% $185.7M+6.3% $174.8M-16.9% $210.4M-0.5% $211.5M-8.6% $231.5M+33.5% $173.3M
Long-Term Debt $279.0M-10.4% $311.3M+4.5% $297.9M-3.5% $308.6M+0.1% $308.3M-10.6% $345.0M+0.1% $344.7M-3.0% $355.4M
Total Equity $184.1M+10.8% $166.1M+3.0% $161.2M+8.8% $148.1M+0.1% $147.9M-0.5% $148.7M-1.5% $150.9M-11.9% $171.3M
Retained Earnings -$334.9M+4.2% -$349.7M+0.9% -$352.8M+2.1% -$360.3M-0.7% -$357.7M-0.8% -$354.9M-1.4% -$350.1M-7.4% -$326.1M

BVS Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $38.0M+26.1% $30.1M+16.0% $25.9M+234.2% -$19.3M-200.0% $19.3M+87.3% $10.3M-32.0% $15.2M+352.5% -$6.0M
Capital Expenditures $580K+22.6% $473K-30.7% $683K-17.3% $826K+43.9% $574K+796.9% $64K-16.9% $77K-73.5% $291K
Free Cash Flow $37.4M+26.2% $29.6M+17.3% $25.3M+225.3% -$20.2M-207.5% $18.7M+82.9% $10.3M-32.0% $15.1M+339.6% -$6.3M
Investing Cash Flow -$580K-22.6% -$473K+65.4% -$1.4M-65.7% -$826K-103.4% $24.1M+37762.5% -$64K+16.9% -$77K+92.3% -$1.0M
Financing Cash Flow -$28.4M-42.4% -$20.0M-36.2% -$14.7M-1648.4% $947K+102.2% -$42.9M-11938.4% $362K+104.6% -$7.8M-84.9% -$4.2M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

BVS Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 68.9%+0.9pp 68.0%-1.2pp 69.1%+2.1pp 67.0%+0.2pp 66.8%-0.5pp 67.3%-1.2pp 68.5%+0.3pp 68.3%
Operating Margin 12.3%+4.2pp 8.1%-4.3pp 12.4%+8.5pp 3.9%-1.1pp 5.0%+2.4pp 2.6%+23.4pp -20.8%-24.6pp 3.8%
Net Margin 9.3%+7.1pp 2.3%-2.8pp 5.1%+7.2pp -2.1%-1.9pp -0.3%+3.5pp -3.7%+13.3pp -17.0%-13.2pp -3.8%
Return on Equity 8.0%+6.1pp 1.9%-2.7pp 4.6%+6.4pp -1.8%-1.5pp -0.3%+3.2pp -3.5%+13.5pp -17.0%-14.2pp -2.9%
Return on Assets 2.2%+1.7pp 0.4%-0.6pp 1.1%+1.4pp -0.4%-0.3pp -0.1%+0.6pp -0.7%+2.6pp -3.2%-2.6pp -0.6%
Current Ratio 1.70-0.0 1.74+0.3 1.48+0.1 1.43+0.1 1.31-0.1 1.41+0.1 1.33-0.2 1.53
Debt-to-Equity 1.52-0.4 1.87+0.0 1.85-0.2 2.080.0 2.08-0.2 2.32+0.0 2.28+0.2 2.08
FCF Margin 23.7%+2.3pp 21.4%+4.3pp 17.1%+33.4pp -16.3%-28.5pp 12.2%+4.8pp 7.4%-2.6pp 10.0%+14.8pp -4.9%

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Frequently Asked Questions

Bioventus Inc. (BVS) reported $568.1M in total revenue for fiscal year 2025. This represents a -0.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Bioventus Inc. (BVS) revenue declined by 0.9% year-over-year, from $573.3M to $568.1M in fiscal year 2025.

Yes, Bioventus Inc. (BVS) reported a net income of $22.7M in fiscal year 2025, with a net profit margin of 4.0%.

Bioventus Inc. (BVS) reported diluted earnings per share of $0.33 for fiscal year 2025. This represents a 158.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bioventus Inc. (BVS) had EBITDA of $101.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Bioventus Inc. (BVS) had $51.2M in cash and equivalents against $279.0M in long-term debt.

Bioventus Inc. (BVS) had a gross margin of 68.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Bioventus Inc. (BVS) had an operating margin of 9.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Bioventus Inc. (BVS) had a net profit margin of 4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Bioventus Inc. (BVS) has a return on equity of 12.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Bioventus Inc. (BVS) generated $72.1M in free cash flow during fiscal year 2025. This represents a 90.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Bioventus Inc. (BVS) generated $74.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Bioventus Inc. (BVS) had $683.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Bioventus Inc. (BVS) invested $2.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Bioventus Inc. (BVS) invested $12.1M in research and development during fiscal year 2025.

Bioventus Inc. (BVS) had a current ratio of 1.70 as of fiscal year 2025, which is generally considered healthy.

Bioventus Inc. (BVS) had a debt-to-equity ratio of 1.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Bioventus Inc. (BVS) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Bioventus Inc. (BVS) has an Altman Z-Score of 1.42, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Bioventus Inc. (BVS) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Bioventus Inc. (BVS) has an earnings quality ratio of 3.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Bioventus Inc. (BVS) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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