biote (BTMD) Cash Flow: Operating & Free Cash Flow

biote (BTMD) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), biote generated $35.19M of operating cash flow and spent $6.86M on capital expenditures. That left free cash flow of $28.33M, down 27.0% from $38.81M a year earlier, or 14.7% of revenue. It returned $5.09M to shareholders through $1.73M in dividends and $3.37M in share buybacks.

biote Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for biote Corp. (BTMD) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	31.60	0.05	-2.81	1.32	32.62	29.16	21.29
Depreciation & Amortization	3.67	3.57	2.99	2.20	1.40	0.68	0.83
Deferred Income Tax	3.98	-2.90	0.72	-0.74	0.00	0.00	0.00
Stock Based Compensation	8.92	8.74	9.06	82.18	0.00	0.00	0.00
Change in Working Capital	-8.16	9.93	-8.93	-35.81	-1.46	-5.59	2.40
Change in Accounts Receivable	-0.96	-2.27	-0.51	-1.56	-0.75	-1.48	-0.71
Change in Inventory	-6.24	3.71	-6.10	-1.71	-5.76	-0.90	1.30
Change in Accounts Payable	1.01	1.55	-0.17	0.42	1.61	-0.88	1.22
Change in Other Working Capital	-8.55	2.12	11.48	-2.50	0.45	-1.44	0.60
Other Operating Activities	-8.55	22.95	11.48	-66.38	0.45	0.72	0.84
Net Cash from Operating Activities	35.19	45.24	26.88	-9.16	33.72	26.43	25.35
Investing Activities
Capital Expenditures	-6.86	-6.43	-2.71	-0.33	-3.81	-0.30	-1.67
Acquisitions	0.00	-11.84	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	-0.53	-2.35	-1.51	0.00	-1.10	0.00
Other Investing Activities	-1.85	-0.53	-2.35	-1.51	-2.36	-1.10	-0.97
Net Cash from Investing Activities	-6.86	-18.80	-2.71	-1.84	-3.81	-1.39	-1.67
Financing Activities
Debt Repayment	-6.25	-6.25	-6.25	-40.63	-5.00	-5.00	44.19
Common Stock Issued	0.14	2.67	0.14	0.44	0.00	0.00	0.00
Common Stock Repurchased	-3.37	-5.60	0.00	-7.67	0.00	0.00	0.00
Dividends Paid	-1.73	-4.74	-8.69	-12.89	-11.40	-13.32	-56.63
Other Financing Activities	-37.58	-4.74	-8.69	-0.80	-3.94	0.00	-1.11
Net Cash from Financing Activities	-43.56	-76.08	-14.38	63.46	-20.34	-18.32	-13.55
Summary
Effect of Forex Changes on Cash	0.01	-0.02	-0.02	0.00	-0.01	0.01	-0.01
Net Change in Cash	-15.22	-49.66	9.77	52.47	9.57	6.72	10.12
Cash at Beginning of Period	39.34	89.00	79.23	26.77	17.21	10.49	0.37
Cash at End of Period	24.12	39.34	89.00	79.23	26.77	17.21	10.49
Free Cash Flow	28.33	38.81	24.17	-9.49	29.91	26.13	23.68
Supplemental Disclosures
Interest Paid	-	9.54	9.48	4.43	1.46	2.49	-
Income Taxes Paid	-	2.59	4.43	0.28	0.17	0.19	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About biote Cash Flow

What is biote's free cash flow?

biote generated free cash flow of $28.33M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $35.19M minus $6.86M of capital expenditures. That was down 27.0% from $38.81M a year earlier. Free cash flow equaled 14.7% of revenue.

How much does biote spend on capital expenditures?

biote spent $6.86M on capital expenditures in fiscal 2025, compared with $6.43M a year earlier. That equals 19.5% of operating cash flow.

Does biote pay dividends or buy back shares?

Yes. In fiscal 2025 biote returned $1.73M in dividends and $3.37M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition