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Biote Corp.

BTMD

Biote Corp. operates a high-growth practice-building platform within the hormone optimization space, utilizing a model similar to a franchise to empower medical practitioners.

Market cap
$70.67M-48.3%
Revenue$188.2M-5.6%
Net income$15.6M-25.8%
Free cash flow$28.9M-21.9%
EPS (diluted)$0.44-26.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$46.1M
EPS estimate$0.07

Financials

Q1 2026

Income statement

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Revenue$44.9M-8.3%
Gross profit$31.0M-14.9%
Operating income$3.2M-67.3%
Net income$2.3M-83.4%
EPS (diluted)$0.06-83.8%

Balance sheet

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Cash & equivalents$5.3M-87.2%
Total debt$103.4M-5.5%
Total equity-$56.1M+37.7%
Total assets$89.0M-27.8%

Cash flow

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Operating cash flow$3.9M-39.7%
CapEx$362.0K-77.8%
Free cash flow$3.5M-26.8%

Valuation & ratios

Valuation

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Market cap$70.67M-48.3%
Enterprise value$168.77M-25.3%
P/E4.5×+0.1×
P/S0.4×-0.3×

Profitability

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Gross margin70.1%-1.2pp
Operating margin15.4%-0.1pp
Net margin8.3%-2.3pp
FCF margin15.3%-3.2pp

Returns & leverage

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Current ratio1.3×-0.1×

Segments

By product

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Product Revenue$43.9M-6.7%
Pellet Procedures Product Revenue$31.3M-13.2%
Dietary Supplements$11.0M+19.1%
Disposable Trocars Product Revenue$1.1M-3.8%
Service Revenue$1.0M-47.1%

Competitors

Profile

Biote Corp. operates a high-growth practice-building platform within the hormone optimization space, utilizing a model similar to a franchise to empower medical practitioners. The company provides an end-to-end solution including clinical education, proprietary decision-support software, and inventory management tools to help clinics implement personalized bioidentical hormone replacement therapy. Additionally, the company develops and sells a complementary line of private-labeled dietary supplements to address physiological deficiencies in aging populations.

Competitive position

A leading provider in the hormone optimization market with a differentiated end-to-end platform and high practitioner retention rates.

GeographiesUnited States, Puerto Rico, Mexico, Dominican Republic
Customer segmentsMedical Practitioners, Aging Population, Menopausal Women, Andropausal Men
Business modelB2B2C, Practice-building platform, Direct-to-consumer e-commerce, Wholesale
Suppliers503B outsourcing facilities, Contract supplement manufacturers, Third-party logistics (3PL) providers, Medical supply manufacturers
CustomersMedical clinics, Independent healthcare practitioners, Retail patients
Listed2022
Employees194.0
CEORobert C. Peterson
Websitebiote.com
FilingsSEC EDGAR

Questions, answered.

What is Biote Corp.'s market cap?
Biote Corp. (BTMD) has a market capitalization of $70.7M and trades on NASDAQ.
What is Biote Corp.'s revenue and profitability?
Biote Corp. generated $188.2M in trailing twelve-month revenue with net income of $15.6M, representing a net margin of 8.3%. Gross margin stands at 70.1%, with free cash flow of $28.9M. These figures are based on the Q1 2026 filing.
Who are Biote Corp.'s competitors?
Biote Corp.'s key competitors include Walmart, Target, Impact BioMedical, Inc., and others. These companies compete in similar markets and product categories.
Who does Biote Corp. partner with?
Biote Corp.'s notable partners include AnazaoHealth Corporation, Right Value Drug Stores, LLC (Carie Boyd’s Prescription Shop), Medline Industries, LP, and others.
What subsidiaries does Biote Corp. have?
Biote Corp.'s subsidiaries include Asteria Health, BioSana ID LLC.
Where is Biote Corp. headquartered?
Biote Corp. is headquartered in United States of America and employs approximately 194 people. It has been publicly traded since 2022.