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MIMEDX GROUP, INC.

EDGAR
MDXG Current report (8-K) · filed 2026-10-28

Annual consolidated revenue for 2025: about USD 418.6M, using the latest reported figures. The previous period, 2024, was about USD 348.9M.

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Watchlist

Latest quarter

Revenue

62.3 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

-18.79%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: -11702000 USD Source
  • Revenue: 62283000 USD Source

Operating cash flow

3.92 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: -4217000 USD Source
  • Operating Cash Flow: -8136000 USD Source
Cash and cash equivalents
121 million USD Source
Exact value

120791000 USD

Long-term debt including current maturities
18 million USD Source
Exact value

18000000 USD

Shares outstanding
146 million shares Source
Exact value

145925591 shares

Reported share-count change

-1.45% · -2.15 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 148075930 shares · 2025-09-30· Source
  • 145925591 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

304 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 418630000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 300535000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 58991000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 64362000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 62283000 USD · 2026-07-01 – 2026-09-30 Source

Net income

-19.2 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 48578000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 33387000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -10860000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -14840000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: -8683000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

20.7 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 74003000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 49047000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 1879000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -8136000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 1879000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -4217000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: -8136000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

1.99 million USD

2023-01-01 – 2023-12-31

Exact inputs and evidence
  • Capital expenditure: 633000 USD · 2023-01-01 – 2023-03-31 Source
  • Capital expenditure: 932000 USD · 2023-01-01 – 2023-06-30 Source
  • Capital expenditure: 633000 USD · 2023-01-01 – 2023-03-31 Source
  • Capital expenditure: 1560000 USD · 2023-01-01 – 2023-09-30 Source
  • Capital expenditure: 932000 USD · 2023-01-01 – 2023-06-30 Source
  • Capital expenditure: 1987000 USD · 2023-01-01 – 2023-12-31 Source
  • Capital expenditure: 1560000 USD · 2023-01-01 – 2023-09-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-28.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2023-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 7 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 10 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +20%

    Prior period

    USD 348.88 million

    –

    Current period

    USD 418.63 million

    –

    Exact inputs and evidence

    418630000 − 348879000 = 69751000 USD

    348879000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    418630000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +14.5%

    Prior period

    USD 42.42 million

    –

    Current period

    USD 48.58 million

    –

    Exact inputs and evidence

    48578000 − 42419000 = 6159000 USD

    42419000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    48578000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +11.8%

    Prior period

    USD 66.2 million

    –

    Current period

    USD 74 million

    –

    Exact inputs and evidence

    74003000 − 66198000 = 7805000 USD

    66198000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    74003000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 418.63 million 100% of revenue
  • Cost of revenue USD 73.01 million 17% of revenue
  • Operating expenses USD 281.29 million 67% of revenue
  • Operating income USD 63.89 million 15% of revenue
  • Tax, interest and other Derived USD 15.31 million 3.7% of revenue
  • Net income USD 48.58 million 12% of revenue

Cash

  • Operating cash flow USD 74 million 18% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 100%
  • 2017 Net income was higher than operating income, so the split is not drawn.
  • 2018 Operating loss: operating costs were 101% of revenue.
  • 2019 Operating loss: operating costs were 107% of revenue.
  • 2020 Operating loss: operating costs were 118% of revenue.
  • 2021 Operating loss: operating costs were 103% of revenue.
  • 2022 Operating loss: operating costs were 105% of revenue.
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 12%83%
  • 2025 12%85%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31221712000 220828000 Derived 884000 494000 Derived 390000 Unavailable
Source
2017 2017-01-01 – 2017-12-31321139000 274916000 Derived 46223000 -18504000 Derived 64727000 Unavailable
Source
2018 2018-01-01 – 2018-12-31359111000 363035000 Derived -3924000 26055000 Derived -29979000 Unavailable
Source
2019 2019-01-01 – 2019-12-31299255000 320415000 Derived -21160000 4420000 Derived -25580000 Unavailable
Source
2020 2020-01-01 – 2020-12-31248234000 293632000 Derived -45398000 3886000 Derived -49284000 Unavailable
Source
2021 2021-01-01 – 2021-12-31242019000 249070000 Derived -7051000 3234000 Derived -10285000 -5200000 Derived
Source
2022 2022-01-01 – 2022-12-31267841000 282568000 Derived -14727000 15470000 Derived -30197000 -19407000 Derived
Source
2023 2023-01-01 – 2023-12-31321477000 284361000 Derived 37116000 -21112000 Derived 58228000 24788000 Derived
Source
2024 2024-01-01 – 2024-12-31348879000 290014000 Derived 58865000 16446000 Derived 42419000 Unavailable
Source
2025 2025-01-01 – 2025-12-31418630000 354743000 Derived 63887000 15309000 Derived 48578000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 418.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.452.1M339.1M226.1M113.0M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue221712000
2017Revenue321139000
2018Revenue359111000
2019Revenue299255000
2020Revenue248234000
2021Revenue242019000
2022Revenue267841000
2023Revenue321477000
2024Revenue348879000
2025Revenue418630000

Revenue growth

Change in revenue from the same financial period one year earlier.

20% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.50%32%14%-4%-22%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year44.8%
2018Year over year11.8%
2019Year over year-16.7%
2020Year over year-17%
2021Year over year-2.5%
2022Year over year10.7%
2023Year over year20%
2024Year over year8.5%
2025Year over year20%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 15.3% 2025
Net margin 11.6% 2025
Free cash flow margin 7.7% 2023
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23%12%0%-11%-23%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin0.4%
2017Operating margin14.4%
2018Operating margin-1.1%
2019Operating margin-7.1%
2020Operating margin-18.3%
2021Operating margin-2.9%
2022Operating margin-5.5%
2023Operating margin11.5%
2024Operating margin16.9%
2025Operating margin15.3%
2016Net margin0.2%
2017Net margin20.2%
2018Net margin-8.3%
2019Net margin-8.5%
2020Net margin-19.9%
2021Net margin-4.2%
2022Net margin-11.3%
2023Net margin18.1%
2024Net margin12.2%
2025Net margin11.6%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow margin-2.1%
2022Free cash flow margin-7.2%
2023Free cash flow margin7.7%
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 74M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.83.1M50.2M17.3M-15.6M-48.5M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow23849000
2017Operating cash flow62939000
2018Operating cash flow35796000
2019Operating cash flow-39412000
2020Operating cash flow-30263000
2021Operating cash flow-1982000
2022Operating cash flow-17893000
2023Operating cash flow26775000
2024Operating cash flow66198000
2025Operating cash flow74003000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 24.8M 2023
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.28.3M15.5M2.7M-10.1M-22.9M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flow-5200000
2022Free cash flow-19407000
2023Free cash flow24788000
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

25.1% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.86%64%43%21%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets59%
2017Liabilities / assets39.1%
2018Liabilities / assets59.6%
2019Liabilities / assets79.4%
2020Liabilities / assets54.8%
2021Liabilities / assets50.7%
2022Liabilities / assets56.5%
2023Liabilities / assets40.3%
2024Liabilities / assets26.8%
2025Liabilities / assets25.1%

Current assets to current liabilities

Current assets divided by current liabilities.

4.32× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.66×3.50×2.33×1.17×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities0.98×
2017Current assets / current liabilities1.06×
2018Current assets / current liabilities1.03×
2019Current assets / current liabilities1.83×
2020Current assets / current liabilities2.71×
2021Current assets / current liabilities3.51×
2022Current assets / current liabilities3.08×
2023Current assets / current liabilities3.57×
2024Current assets / current liabilities4.21×
2025Current assets / current liabilities4.32×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 390,000
Exact value

Exact value: 390000 USD

2016-01-01 – 2016-12-31: 390000 USD Inspect Net Income Open source
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USD 23.85 million
Exact value

Exact value: 23849000 USD

2016-01-01 – 2016-12-31: 23849000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 64.73 million
Exact value

Exact value: 64727000 USD

2017-01-01 – 2017-12-31: 64727000 USD Inspect Net Income Open source
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USD 62.94 million
Exact value

Exact value: 62939000 USD

2017-01-01 – 2017-12-31: 62939000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
−USD 29.98 million
Exact value

Exact value: -29979000 USD

2018-01-01 – 2018-12-31: -29979000 USD Inspect Net Income Open source
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USD 35.8 million
Exact value

Exact value: 35796000 USD

2018-01-01 – 2018-12-31: 35796000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
−USD 25.58 million
Exact value

Exact value: -25580000 USD

2019-01-01 – 2019-12-31: -25580000 USD Inspect Net Income Open source
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−USD 39.41 million
Exact value

Exact value: -39412000 USD

2019-01-01 – 2019-12-31: -39412000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
−USD 49.28 million
Exact value

Exact value: -49284000 USD

2020-01-01 – 2020-12-31: -49284000 USD Inspect Net Income Open source
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−USD 30.26 million
Exact value

Exact value: -30263000 USD

2020-01-01 – 2020-12-31: -30263000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
−USD 10.29 million
Exact value

Exact value: -10285000 USD

2021-01-01 – 2021-12-31: -10285000 USD Inspect Net Income Open source
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−USD 1.98 million
Exact value

Exact value: -1982000 USD

2021-01-01 – 2021-12-31: -1982000 USD Inspect Operating Cash Flow Open source
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USD 3.22 million
Exact value

Exact value: 3218000 USD

2021-01-01 – 2021-12-31: 3218000 USD Inspect Capital Expenditure Open source
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−USD 5.2 million
Calculation and evidence

-1982000 − 3218000 USD

Exact free cash flow: -5200000 USD

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2022 2022-01-01 – 2022-12-31
−USD 30.2 million
Exact value

Exact value: -30197000 USD

2022-01-01 – 2022-12-31: -30197000 USD Inspect Net Income Open source
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−USD 17.89 million
Exact value

Exact value: -17893000 USD

2022-01-01 – 2022-12-31: -17893000 USD Inspect Operating Cash Flow Open source
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USD 1.51 million
Exact value

Exact value: 1514000 USD

2022-01-01 – 2022-12-31: 1514000 USD Inspect Capital Expenditure Open source
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−USD 19.41 million
Calculation and evidence

-17893000 − 1514000 USD

Exact free cash flow: -19407000 USD

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2023 2023-01-01 – 2023-12-31
USD 58.23 million
Exact value

Exact value: 58228000 USD

2023-01-01 – 2023-12-31: 58228000 USD Inspect Net Income Open source
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USD 26.78 million
Exact value

Exact value: 26775000 USD

2023-01-01 – 2023-12-31: 26775000 USD Inspect Operating Cash Flow Open source
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USD 1.99 million
Exact value

Exact value: 1987000 USD

2023-01-01 – 2023-12-31: 1987000 USD Inspect Capital Expenditure Open source
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USD 24.79 million
Calculation and evidence

26775000 − 1987000 USD

Exact free cash flow: 24788000 USD

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2024 2024-01-01 – 2024-12-31
USD 42.42 million
Exact value

Exact value: 42419000 USD

2024-01-01 – 2024-12-31: 42419000 USD Inspect Net Income Open source
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USD 66.2 million
Exact value

Exact value: 66198000 USD

2024-01-01 – 2024-12-31: 66198000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 48.58 million
Exact value

Exact value: 48578000 USD

2025-01-01 – 2025-12-31: 48578000 USD Inspect Net Income Open source
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USD 74 million
Exact value

Exact value: 74003000 USD

2025-01-01 – 2025-12-31: 74003000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

97 filings · 5,208 latest values · 5,208 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001376339, 1376339, MDXG, edgar:1376339

Also known as Alynx, Co., MIMEDX GROUP, INC., MIMEDX GROUP, INC. , MiMedx Group, Inc.