biote Corp. Segments Disclosure
Segment Information—Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operates as one operating segment. The Company’s Chief Operating Decision Maker ("CODM") is the who reviews financial information presented on a consolidated basis. The CODM uses information about the Company’s consolidated net income (loss) to allocate operating and capital resources and assesses performance of the business by comparing actual net income (loss) results to historical results and previously forecasted financial information. The CODM does not
regularly review financial information for individual revenue streams, sales channels, or geographic regions that would allow decisions to be made about the allocation of resources or performance. The Company generates substantially all of its revenue from long-term service agreements and sales of Biote-branded dietary supplements.
The following table presents selected financial information with respect to the Company’s operating segment:
|
|
Year Ended December 31, |
|
|||||
(in thousands) |
|
2025 |
|
|
2024 |
|
||
Total Revenue |
|
$ |
192,219 |
|
|
$ |
197,191 |
|
Costs and Expenses: |
|
|
|
|
|
|
||
Cost of revenue |
|
|
54,858 |
|
|
|
58,130 |
|
General and administrative |
|
|
21,582 |
|
|
|
28,430 |
|
Marketing expense |
|
|
9,526 |
|
|
|
7,317 |
|
Employee-related costs |
|
|
50,861 |
|
|
|
51,779 |
|
Depreciation and amortization |
|
|
3,269 |
|
|
|
3,550 |
|
Other (income) expense, net |
|
|
(2,033 |
) |
|
|
30,595 |
|
Income tax expense |
|
|
5,987 |
|
|
|
970 |
|
Other segment items(1) |
|
|
16,572 |
|
|
|
16,374 |
|
Net income |
|
$ |
31,597 |
|
|
$ |
46 |
|
(1)Other segment items include other operating and maintenance costs and outsourcing costs, such as rent, utilities, merchant fees, contract labor and consulting fees.
See the consolidated financial statements for other financial information regarding the Company’s operating segment.
Total U.S. revenues were $191.2 million and $196.2 million for the years ended December 31, 2025 and 2024, respectively. See Note 4 Revenue Recognition for additional information about the Company’s revenue by region.
The Company's long-lived tangible assets, as well as its operating lease right-of-use assets recognized in the consolidated balance sheets were located in the U.S.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.