ELUTIA INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $12.3M | $14.5M | $24.7M | $23.8M | $47.4M |
| Cost of revenue | $5.7M | $7.8M | $13.7M | $12.2M | $28.4M |
| Gross profit | $6.6M | $6.7M | $11.1M | $11.6M | $19.0M |
| Research and development | $4.2M | $3.0M | $4.4M | $7.7M | $9.3M |
| Operating expenses | $33.5M | $37.4M | $41.6M | $46.8M | $42.1M |
| Operating income | -$26.9M | -$30.7M | -$30.5M | -$35.2M | -$23.0M |
| Interest expense | — | $4.8M | $5.8M | $5.1M | $5.3M |
| Pretax income | -$15.9M | -$45.3M | -$41.2M | -$36.1M | -$24.8M |
| Income tax expense | $13,000 | $7,000 | $28,000 | $34,000 | $55,000 |
| Net income | $53.4M | -$53.9M | -$37.7M | -$32.9M | -$24.8M |
| Balance Sheet | |||||
| Cash and equivalents | $36.4M | $13.2M | $19.3M | $17.0M | $30.4M |
| Current assets | $55.8M | $26.2M | $31.3M | $50.7M | $47.4M |
| Total assets | $62.4M | $36.1M | $43.4M | $68.8M | $67.2M |
| Current liabilities | $25.1M | $37.8M | $43.0M | $42.6M | $26.0M |
| Total liabilities | $34.7M | $82.4M | $82.0M | $73.9M | $53.6M |
| Total debt | — | — | — | — | $18.6M |
| Stockholders' equity | $27.7M | -$46.3M | -$38.6M | -$5.0M | $13.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$44.8M | -$22.7M | -$21.8M | -$21.4M | -$15.4M |
| Depreciation and amortization | $2.8M | $3.5M | $3.7M | $3.7M | $3.7M |
| Stock-based compensation | $5.2M | $7.9M | $2.4M | $3.6M | $3.5M |
| Capital expenditure | $1.9M | $654,000 | $346,000 | $540,000 | $369,000 |
| Free cash flow | -$46.7M | -$23.3M | -$22.1M | -$22.0M | -$15.8M |
Shares outstanding 44.2M · Free float 35.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.