Elutia (ELUT) Financial Statements & Analysis

Elutia (ELUT) Income Statement

Elutia reported revenue of $12.29M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 15.0% from $14.47M a year earlier. Net income was $53.38M, a net margin of 434.2%. Gross margin was 53.7% and operating margin -149.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $2.43M, down 61.2% from the same quarter a year earlier.

Elutia Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Elutia Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	12.29	14.47	24.75	23.85	47.39	42.68	42.90	39.04
Cost of Revenue	5.70	7.75	13.69	12.21	28.37	22.12	23.13	23.09
Gross Profit	6.60	6.72	11.05	11.64	19.02	20.56	19.77	15.95
Operating Expenses
Research & Development	4.16	3.00	4.40	7.73	9.27	5.95	2.40	2.48
Selling, General & Administrative	20.85	23.06	27.19	33.90	32.51	28.21	25.78	21.69
Operating Expenses	25.01	26.06	31.59	46.83	42.05	34.16	28.18	24.17
Operating Income	-18.41	-19.34	-20.54	-35.19	-23.03	-13.60	-8.41	-8.22
Other Income/Expense
Interest Income	0.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	-0.39	0.90	5.80	5.12	5.32	5.63	5.38	5.52
Other Income/Expense	2.17	-25.06	-14.89	-0.96	-1.75	-8.20	-3.50	-3.32
Income
Income Before Tax	-15.86	-45.34	-41.22	-36.15	-24.78	-21.80	-11.91	-11.54
Income Tax Expense	0.01	0.01	0.03	0.03	0.06	0.03	0.03	0.03
Net Income	53.38	-53.95	-37.66	-32.90	-24.83	-21.83	-11.94	-11.57
Net Income - Continuous Operations	-15.87	-45.35	-41.25	-32.90	-24.83	-21.83	-11.94	-11.57
Net Income - Discontinued Operations	69.25	-8.60	3.59	3.29	-	-	-	-
EBITDA	-15.63	-40.99	-31.68	-27.30	-15.72	-12.30	-2.67	-2.22
EBIT	-18.41	-44.44	-35.43	-29.99	-19.45	-13.60	-	-
Depreciation & Amortization	2.79	3.45	3.75	3.73	3.73	3.86	3.86	3.80
Earnings Per Share
Basic EPS	1.00	-2.00	-2.00	-2.00	-2.00	-2.00	-1.00	-1.00
Diluted EPS	1.00	-2.00	-2.00	-2.00	-2.00	-2.00	-1.00	-1.00
Basic Shares Outstanding	41.42	29.07	18.16	13.83	10.44	10.23	10.67	10.67
Diluted Shares Outstanding	45.94	29.07	18.16	13.83	10.44	10.23	10.67	10.67

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

Frequently Asked Questions About Elutia Financial Statements

What was Elutia's revenue in fiscal 2025?

Elutia reported revenue of $12.29M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 15.0% from $14.47M a year earlier.

Is Elutia profitable?

Yes. Elutia earned net income of $53.38M in fiscal 2025, a net margin of 434.2%. In fiscal 2024 it lost $53.95M.

What is Elutia's operating margin?

Elutia's operating income was −$18.41M on revenue of $12.29M in fiscal 2025, an operating margin of -149.8%, compared with -133.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition