Surrozen (SRZN) Financial Statements & Analysis

Surrozen (SRZN) Income Statement

Surrozen reported revenue of $3.48M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 67.4% from $10.65M a year earlier. Surrozen posted a net loss of $137.18M, compared with a net loss of $63.56M a year earlier. Gross margin was 100.0% and operating margin -1210.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $5.00M, up 408.6% from the same quarter a year earlier.

Surrozen Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Surrozen, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	3.48	10.66	10.66	0.00	12.50	0.00	0.00	0.00
Cost of Revenue	29.37	0.00	21.13	27.23	37.01	40.18	2.93	0.00
Gross Profit	3.48	10.66	10.66	-27.23	12.50	-40.18	-2.93	0.00
Operating Expenses
Research & Development	29.37	21.13	21.13	27.23	37.01	40.18	25.68	19.60
Selling, General & Administrative	16.20	15.06	15.06	15.80	19.83	14.21	7.12	5.50
Operating Expenses	45.57	36.19	36.19	18.55	56.84	54.39	32.81	24.81
Operating Income	-42.09	-25.54	-25.54	-45.78	-44.34	-54.39	-32.81	-25.11
Other Income/Expense
Interest Income	3.02	1.69	1.69	2.34	0.78	0.07	0.09	0.44
Interest Expense	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	-95.09	-38.03	-39.72	2.74	8.34	-0.26	0.09	0.74
Income
Income Before Tax	-242.03	-63.56	-63.56	-43.04	-36.00	-54.65	-32.72	-24.36
Income Tax Expense	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Net Income	-137.18	-63.56	-63.56	-43.04	-36.00	-54.65	-32.72	-24.36
Net Income - Continuous Operations	-242.03	-63.56	-63.56	-43.04	-36.00	-52.51	-32.63	-24.36
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	-41.56	-62.12	-24.10	-41.13	-42.38	-52.33	-30.87	-22.82
EBIT	-42.09	-	-25.54	-43.03	-44.34	-54.39	-32.81	-
Depreciation & Amortization	0.54	1.44	1.44	1.91	1.96	2.07	1.94	2.28
Earnings Per Share
Basic EPS	-32.00	-22.00	-22.00	-21.00	-16.00	-33.00	-31.00	-62.00
Diluted EPS	-32.00	-22.00	-22.00	-21.00	-16.00	-33.00	-31.00	-62.00
Basic Shares Outstanding	7.48	2.93	2.93	2.02	2.31	1.65	1.06	0.39
Diluted Shares Outstanding	7.48	2.93	2.93	2.02	2.31	1.65	1.06	0.39

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

Frequently Asked Questions About Surrozen Financial Statements

What was Surrozen's revenue in fiscal 2025?

Surrozen reported revenue of $3.48M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 67.4% from $10.65M a year earlier.

Is Surrozen profitable?

No. Surrozen reported a net loss of $137.18M in fiscal 2025. In fiscal 2024 it lost $63.56M.

What is Surrozen's operating margin?

Surrozen's operating income was −$42.09M on revenue of $3.48M in fiscal 2025, an operating margin of -1210.6%, compared with -239.7% 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