What is Axogen's R&D?

Axogen (AXGN) reported R&D of $7.52M in Q1 2026.

How has Axogen's R&D changed year-over-year?

Axogen's R&D increased by 23.4% year-over-year, from $6.09M to $7.52M.

What is the long-term trend for Axogen's R&D?

Over 4 years (2021 to 2025), Axogen's R&D has grown at a 8.0% compound annual growth rate (CAGR), from $24.18M to $32.89M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Axogen AXGN R&D

R&D at other companies

Baxter InternationalBAX

$139M-0.7%

StrykerSYK

$413M+2.0%

LeMaitre VascularLMAT

$4.06M-0.9%

MedtronicMDT

$671M-1.9%

Other financials

Income statement

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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

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Cash & equivalents$84.7M+251%

Total debt$20.6M-69.8%

Total equity$244.8M+132%

Total assets$289.5M+47.6%

Cash flow

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Operating cash flow$1.6M+112%

CapEx$2.8M+989%

Free cash flow-$1.2M+90.9%

Valuation

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Market cap$2.26B+110%

Profitability

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Gross margin75%+0.8pp

Operating margin-3.8%—

Net margin-13.2%-22.8pp

FCF margin-12.9%-3.8pp

Returns & leverage

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Return on equity-18%-70.5pp

Debt / equity0.1×-0.6×

Current ratio7.1×+2.8×

Where this comes from

Reported directly by Axogen in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Axogen (AXGN) reported R&D of $7.52M in Q1 2026.
How has Axogen's R&D changed year-over-year?: Axogen's R&D increased by 23.4% year-over-year, from $6.09M to $7.52M.
What is the long-term trend for Axogen's R&D?: Over 4 years (2021 to 2025), Axogen's R&D has grown at a 8.0% compound annual growth rate (CAGR), from $24.18M to $32.89M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.