biote Corp. Revenue Disclosure
Revenue recognized for each revenue stream was as follows:
|
|
Year Ended December 31, |
|
|||||
(in thousands) |
|
2025 |
|
|
2024 |
|
||
Pellet procedures |
|
$ |
137,038 |
|
|
$ |
150,329 |
|
Dietary supplements |
|
|
42,884 |
|
|
|
36,018 |
|
Disposable trocars |
|
|
4,852 |
|
|
|
4,345 |
|
Shipping fees and other |
|
|
2,150 |
|
|
|
1,548 |
|
Product revenue |
|
|
186,924 |
|
|
|
192,240 |
|
|
|
|
|
|
|
|
||
Training |
|
|
1,076 |
|
|
|
1,456 |
|
Contract-term services |
|
|
1,362 |
|
|
|
1,226 |
|
Other |
|
|
2,857 |
|
|
|
2,269 |
|
Service revenue |
|
|
5,295 |
|
|
|
4,951 |
|
Total revenue |
|
$ |
192,219 |
|
|
$ |
197,191 |
|
Revenue recognized by geographic region was as follows:
|
|
Year Ended December 31, |
|
|||||
(in thousands) |
|
2025 |
|
|
2024 |
|
||
United States |
|
$ |
185,924 |
|
|
$ |
191,221 |
|
All other |
|
|
1,000 |
|
|
|
1,019 |
|
Product revenue |
|
|
186,924 |
|
|
|
192,240 |
|
|
|
|
|
|
|
|
||
United States |
|
|
5,295 |
|
|
|
4,950 |
|
All other |
|
|
— |
|
|
|
1 |
|
Total revenue |
|
$ |
192,219 |
|
|
$ |
197,191 |
|
Significant changes in contract liability balances were as follows:
|
|
Year Ended December 31, |
|
|||||||||||||
|
|
2025 |
|
|
2024 |
|
||||||||||
Description of change |
|
Deferred Revenue |
|
|
Deferred Revenue, |
|
|
Deferred Revenue |
|
|
Deferred Revenue, |
|
||||
Revenue recognized that was included in the contract liability balance at the beginning of the period |
|
$ |
(2,772 |
) |
|
$ |
— |
|
|
$ |
(1,933 |
) |
|
$ |
— |
|
Increases due to cash received, excluding amounts recognized as revenue during the period |
|
|
1,773 |
|
|
|
801 |
|
|
|
1,934 |
|
|
|
947 |
|
Transfers between current and non-current liabilities due to the expected revenue recognition period |
|
|
1,280 |
|
|
|
(1,280 |
) |
|
|
1,051 |
|
|
|
(1,051 |
) |
Total increase (decrease) in contract liabilities |
|
$ |
281 |
|
|
$ |
(479 |
) |
|
$ |
1,052 |
|
|
$ |
(104 |
) |
Consideration allocated to initial training due to deposits paid upfront is presented within deferred revenue in the consolidated balance sheets and is expected to be recognized as revenue within one year as the training is performed. Consideration allocated to contract-term services is presented within deferred revenue and deferred revenue, net of current portion for the amounts expected to be recognized within one year and longer than one year, respectively.
Consideration allocated to the premiums within the management fee for pellet procedures is presented within deferred revenue current and deferred revenue, net of current portion for amounts expected to be recognized within one year and longer than one year, respectively.
Consideration allocated to performance obligations were as follows:
|
|
December 31, |
|
|
December 31, |
|
||
(in thousands) |
|
2025 |
|
|
2024 |
|
||
Unsatisfied training obligations – Current |
|
$ |
158 |
|
|
$ |
16 |
|
Unsatisfied contract-term services – Current |
|
|
1,471 |
|
|
|
1,704 |
|
Unsatisfied contract-term services – Long-term |
|
|
745 |
|
|
|
1,054 |
|
Total allocated to unsatisfied contract-term services |
|
|
2,216 |
|
|
|
2,758 |
|
Unsatisfied pellet procedures – Current |
|
|
1,388 |
|
|
|
1,241 |
|
Unsatisfied pellet procedures – Long-term |
|
|
352 |
|
|
|
499 |
|
Total allocated to unsatisfied pellet procedures |
|
|
1,740 |
|
|
|
1,740 |
|
Total deferred revenue – Current |
|
$ |
3,017 |
|
|
$ |
2,961 |
|
Total deferred revenue – Long-term |
|
$ |
1,097 |
|
|
$ |
1,553 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 29, 2023 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.