What is Axogen's invested capital?

Axogen (AXGN) reported invested capital of $180.8M in Q1 2026.

How has Axogen's invested capital changed year-over-year?

Axogen's invested capital increased by 20.8% year-over-year, from $149.71M to $180.8M.

What is the long-term trend for Axogen's invested capital?

Over 5 years (2020 to 2025), Axogen's invested capital has grown at a 5.3% compound annual growth rate (CAGR), from $121.32M to $156.93M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Axogen AXGN Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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12.2%+0.5pp

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3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Archer AviationACHR

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Kiniksa Pharmaceuticals International, plcKNSA

17.5%+14.2pp

Other financials

Income statement

See full

Revenue$61.5M+26.6%

Gross profit$46.2M+32.2%

Operating income-$2.8M-70.5%

Net income-$19.6M-411%

EPS (diluted)-$0.38-375%

Balance sheet

See full

Cash & equivalents$84.7M+251%

Total debt$20.6M-69.8%

Total equity$244.8M+132%

Total assets$289.5M+47.6%

Cash flow

See full

Operating cash flow$1.6M+112%

CapEx$2.8M+989%

Free cash flow-$1.2M+90.9%

Valuation

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Market cap$2.38B+110%

Enterprise value$2.31B+91.4%

P/S10×+4.2×

Profitability

See full

Gross margin75%+0.8pp

Operating margin-3.8%—

Net margin-13.2%-22.8pp

FCF margin-12.9%-3.8pp

Returns & leverage

See full

Return on equity-18%-70.5pp

Debt / equity0.1×-0.6×

Current ratio7.1×+2.8×

Where this comes from

Calculated from Axogen’s reported figures.

$20.6Mtotal debt+$244.8Mtotal stockholders equity−$84.7Mcash and equivalents=$180.8M

The official record: Axogen’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axogen's invested capital?: Axogen (AXGN) reported invested capital of $180.8M in Q1 2026.
How has Axogen's invested capital changed year-over-year?: Axogen's invested capital increased by 20.8% year-over-year, from $149.71M to $180.8M.
What is the long-term trend for Axogen's invested capital?: Over 5 years (2020 to 2025), Axogen's invested capital has grown at a 5.3% compound annual growth rate (CAGR), from $121.32M to $156.93M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).