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Biote Corp. BTMD Product — Inventory Adjustments

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Other financials

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

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Market cap$57.33M-51.2%
Enterprise value$155.43M-26.5%
P/E3.7×-0.1×
P/S0.3×-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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Return on equity-21.4%
Debt / equity9.1×
Current ratio1.3×-0.1×

Where this comes from

Reported directly by Biote Corp. in its filing.

Tagged under the XBRL concept us-gaap:InventoryAdjustments.

The official record: Biote Corp.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biote Corp.'s product — inventory adjustments?
Biote Corp. (BTMD) reported product — inventory adjustments of $2.1M in Q1 2026.
How has Biote Corp.'s product — inventory adjustments changed year-over-year?
Biote Corp.'s product — inventory adjustments increased by 1.2% year-over-year, from $2.07M to $2.1M.
What is the long-term trend for Biote Corp.'s product — inventory adjustments?
Over 2 years (2023 to 2025), Biote Corp.'s product — inventory adjustments has grown at a 41.7% compound annual growth rate (CAGR), from $4.98M to $9.99M.
What does product — inventory adjustments mean?
This reflects the cumulative valuation allowances, including reserves for obsolescence, shrinkage, or lower-of-cost-or-market adjustments applied to the product segment's inventory. These adjustments provide insight into the quality of the inventory and the company's ability to accurately forecast demand for its hormone optimization products. Frequent or large adjustments may signal potential issues with product lifecycle management or inventory turnover.