Can Axogen cover its short-term obligations?

Its current ratio is 7.10 — current assets exceed current liabilities.

Where does Axogen's balance sheet data come from?

Every line is extracted from Axogen's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Axogen AXGN Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$84.65M+251%	$39.55M+17.9%	$27.9M+13.1%	$26.04M+3.4%	$24.1M+11.0%
Short-term investments	$18.95M+377%	$5.98M+0.9%	$11.89M+103%	$9.89M+409%	$3.97M+107%
Restricted cash	$2M-66.7%	$4M-33.3%	$4M-33.3%	$6M0.0%	$6M0.0%
Accounts receivable, net	$28.31M+7.7%	$26.17M+8.6%	$30.78M+25.0%	$28.03M+11.4%	$26.3M+8.6%
Inventories	$46.07M+29.8%	$42.37M+27.7%	$40.58M+38.2%	$36.77M+31.3%	$35.5M+28.5%
Raw materials	$5.41M+8.2%	$5.82M+21.2%	$3.97M-15.5%	$4.02M-36.6%	$5M-25.3%
Work in process	$1M-24.1%	$1.22M-8.3%	$1.45M+61.6%	$1.49M+45.9%	$1.32M+26.9%
Finished goods	$41.81M+43.3%	$37.54M+38.8%	$35.16M+47.9%	$31.27M+51.4%	$29.18M+46.6%
Prepaid expenses and other current assets	$6.72M+110%	$6.35M+160%	$3.31M+91.3%	$2.69M+37.3%	$3.2M+0.7%
Total current assets	$184.71M+98.5%	$120.42M+21.4%	$114.46M+32.7%	$103.42M+25.7%	$93.07M+18.3%
Property and equipment, net	$83.04M-0.3%	$81.78M-3.4%	$82.37M-3.8%	$82.39M-5.0%	$83.31M-5.2%
Accumulated depreciation	$28.03M+29.6%	$26.43M+32.7%	$24.91M+36.3%	$23.27M+39.0%	$21.64M+42.5%
Total property and equipment, gross	$111.07M+5.8%	$108.21M+3.5%	$107.28M+3.2%	$105.66M+2.1%	$104.95M+1.9%
Operating lease right-of-use assets	10.3%-0.6%	10.9%-1,426,499,989%	10.9%-0.1%	10.9%-0.1%	10.9%-0.1%
Intangible assets, net	$7.27M+23.6%	$6.75M+21.0%	$6.43M+37.4%	$6.12M+35.2%	$5.88M+35.7%
Other non-current assets	——	——	——	——	——
Total assets	$289.49M+47.6%	$221.69M+8.8%	$216.4M+12.7%	$205.45M+8.7%	$196.17M+5.2%
Accounts payable	$23.9M+21.6%	$21.18M-26.0%	$25.67M+21.2%	$22.77M+5.1%	$19.66M-7.7%
Current portion of long-term debt	$19K+111%	$18K+100%	$10K+66.7%	$10K+100%	$9K+80.0%
Operating lease liabilities, current	$2.1M+0.9%	$2.35M+20.1%	$2.33M+25.7%	$2.2M+26.0%	$2.08M+26.8%
Finance Lease Liability, Current	——	——	——	——	——
Total current liabilities	$26.01M+19.6%	$23.56M-23.0%	$28.01M+21.6%	$24.98M+6.7%	$21.75M-5.2%
Long-term debt	$0-100%	$48.39M+1.9%	$48.16M+1.9%	$47.94M+1.9%	$47.72M+1.9%
Operating lease liabilities, non-current	$18.5M-0.6%	$16.84M-12.3%	$17.39M-11.8%	$18.02M-10.9%	$18.61M-9.9%
Finance lease liabilities	$27K-3.6%	$32K+6.7%	$23K+64.3%	$25K+56.3%	$28K+55.6%
Other non-current liabilities	$140K-0.7%	$141K—	$141K—	$141K—	$141K—
Total liabilities	$44.68M-50.8%	$92.84M-7.0%	$95.6M+3.3%	$93.18M-0.1%	$90.8M-2.7%
Common stock	100M0.0%	100M+22,576%	100M0.0%	100M0.0%	100M0.0%
Additional paid-in capital	$570.82M+42.7%	$435.34M+10.3%	$414.15M+6.0%	$406.33M+5.5%	$400M+5.1%
Retained earnings	-$326.55M-10.7%	-$306.96M-5.4%	-$293.81M-0.7%	-$294.52M-1.6%	-$295.09M-2.5%
Total stockholders' equity	$244.81M+132%	$128.85M+24.0%	$120.81M+21.5%	$112.28M+17.3%	$105.37M+13.1%
Total liabilities and stockholders' equity	$289.49M+47.6%	$221.69M+8.8%	$216.4M+12.7%	$205.45M+8.7%	$196.17M+5.2%
Allowance for Doubtful Accounts	$822K-14.4%	$948K+20.3%	$1.08M+21.1%	$1.14M+37.7%	$960K+59.2%
Allowance for Doubtful Accounts Receivable (Current)	$822K-14.4%	$948K+20.3%	$1.08M+21.1%	$1.14M+37.7%	$960K+59.2%
Finished goods	$41.81M+43.3%	$37.54M+38.8%	$35.16M+47.9%	$31.27M+51.4%	$29.18M+46.6%
Other Inventory, Net	$2.16M-26.9%	$2.2M—	$3.44M—	$3.68M—	$2.95M—
Deferred Tax Assets and Other Non-Current Assets	——	——	——	——	——
Intangible Assets Gross (Excluding Goodwill)	$8.79M+25.2%	$8.17M+22.8%	$7.76M+24.7%	$7.35M+24.4%	$7.02M+4.2%
Net Investment in Lease	$14.28M+2.7%	$12.73M-10.7%	$13.14M-11.7%	$13.53M-9.5%	$13.9M-8.8%
Other intangible assets—net	$7.27M+23.6%	$6.75M+21.0%	$6.43M+23.4%	$6.12M+23.1%	$5.88M+23.3%
Operating lease right-of-use assets	$14.28M+2.7%	$12.73M-10.7%	$13.14M-11.7%	$13.53M-9.5%	$13.9M-8.8%
Other non-current assets	——	——	——	——	——
Property, plant and equipment, net	$83.04M-0.3%	$81.78M-3.4%	$82.37M-3.8%	$82.39M-5.0%	$83.31M-5.2%
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$18.95M+377%	$5.98M+0.9%	$11.89M+103%	$9.89M+409%	$3.97M+107%
Operating Lease Right-of-Use Assets in Other Assets	$14.28M+2.7%	$12.73M-10.7%	$13.14M-11.7%	$13.53M-9.5%	$13.9M-8.8%
Software and Technology Licenses, Net	——	——	——	——	——
Accounts payable and other current liabilities (Note 11)	$23.9M+21.6%	$21.18M-26.0%	$25.67M+21.2%	$22.77M+5.1%	$19.66M-7.7%
Current maturities of long-term lease obligations	$2.12M+1.3%	$2.37M+20.5%	$2.34M+25.9%	$2.21M+26.2%	$2.09M+26.9%
Derivative Liabilities - Fair Value	$0-100%	$3.89M+61.9%	$1.87M-23.6%	$2.08M-15.5%	$2.56M-12.5%
Derivative Liabilities (Non-Current)	$0-100%	$3.89M+61.9%	$1.87M-23.6%	$2.08M-15.5%	$2.56M-12.5%
Total debt	$20.64M-69.8%	$67.63M-1.5%	$67.91M-1.4%	$68.19M-1.2%	$68.44M-1.0%
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	53.2M+16.8%	47.2M+6.9%	46.1M+4.8%	45.8M+4.4%	45.5M+4.2%
Additional paid-in capital	$570.82M+42.7%	$435.34M+10.3%	$414.15M+6.0%	$406.33M+5.5%	$400M+5.1%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$532K+16.9%	$472K+7.0%	$461K+4.8%	$457K+4.3%	$455K+4.1%
Allowance for doubtful accounts	$822K-14.4%	$948K+20.3%	$1.08M+21.1%	$1.14M+37.7%	$960K+59.2%
Uninsured amount	——	——	——	——	——
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$100M0.0%	$100M0.0%	$100M0.0%	$100M0.0%	$100M0.0%
Common stock, shares issued (in shares)	$53.15M+16.8%	$47.2M+6.9%	$46.12M+4.8%	$45.77M+4.4%	$45.51M+4.2%
Common Stock, Shares, Outstanding	$53.15M+16.8%	$47.2M+6.9%	$46.12M+4.8%	$45.77M+4.4%	$45.51M+4.2%
Derivative Liability, Noncurrent	$0-100%	$3.89M+61.9%	$1.87M-23.6%	$2.08M-15.5%	$2.56M-12.5%
Current maturities of long-term debt	$19K+111%	$18K+100%	$10K+66.7%	$10K+100%	$9K+80.0%
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$40K+17.6%	$44K+18.9%	$29K+52.6%	$32K+45.5%	$34K+41.7%
Property, plant and equipment	$80K-49.7%	$80K-49.7%	$159K+15.2%	$159K+15.2%	$159K+15.2%
Finite-Lived Intangible Assets, Accumulated Amortization	$1.52M+33.2%	$1.42M+32.2%	$1.33M+31.5%	$1.24M+31.3%	$1.14M-42.1%
Indefinite- lived intangible impairment	$8.79M+25.2%	$8.17M+22.8%	$7.76M+24.7%	$7.35M+24.4%	$7.02M+4.2%
Long-term lease obligations	$18.53M-0.6%	$16.87M-12.2%	$17.42M-11.7%	$18.04M—	$18.64M—
2028	——	——	——	——	——
2029	——	——	——	——	——
2027	——	——	——	——	——
2026 (excluding the three months ended March 31, 2026)	——	——	——	——	——
2030	——	——	——	——	——
Thereafter	——	——	——	——	——
Lessee, Operating and Financing Lease, Liability, to be Paid	——	——	——	——	——
Lessee, Operating and Financing Lease, Liability, Undiscounted Excess Amount	——	——	——	——	——
Credit facility final payoff amount	——	——	——	——	——
Operating and Financing Lease, Liability	——	——	——	——	——
Operating and Financing Lease, Liability, Current	——	——	——	——	——
Long-term lease obligations	——	——	——	——	——
Operating Lease, Right-Of-Use Asset, Excluding Sublease Receivable	$14.28M—	$12.73M—	$13.14M—	$13.53M—	——
Operating Lease Weighted Average Discount Rate Percent	$0.1-5.9%	$0.11-0.7%	$0.11-0.6%	$0.11-0.6%	$0.11-0.5%
Weighted-Average Discount Rate	13.6%-0.3%	8%-6.1%	13.9%+7.1%	13.9%+0.5%	13.9%-0.1%
Weighted-Average Discount Rate - Finance Leases	$0.14-2.3%	$0.08-43.0%	$0.14+105%	$0.14+4.0%	$0.14-0.6%

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Questions, answered.

Can Axogen cover its short-term obligations?: Its current ratio is 7.10 — current assets exceed current liabilities.
Where does Axogen's balance sheet data come from?: Every line is extracted from Axogen's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.