Bioventus Inc.
Business
Bioventus Inc. is a global medical device company focused on relieving pain and addressing musculoskeletal challenges through a diverse portfolio of clinically-proven products. The company offers three main product lines: Pain Treatments (hyaluronic acid injections for knee osteoarthritis and peripheral nerve stimulation devices), Surgical Solutions (ultrasonic bone-cutting systems and bone graft substitutes), and Restorative Therapies (ultrasound bone stimulation for fracture healing). Products are sold through direct and indirect sales teams in the U.S. and internationally across physician offices, ambulatory surgical centers, and hospital settings.
Summary from 10-K filed 2026-03-05
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 568 | 573 | 512 | 512 | 431 | |
| Cost of sales (including depreciation and amortization of $41,251, $41,882 and $48,503, respectively) | 180 | 185 | 184 | 181 | 128 | |
| Gross profit | 388 | 388 | 328 | 331 | 303 | |
| Selling, general and administrative expense | 314 | 344 | 304 | 332 | 254 | |
| Research and development expense | 12 | 14 | 13 | 24 | 19 | |
| Restructuring costs | 2 | −52,000 | 840,000 | 7 | 2 | |
| Change in fair value of contingent consideration | 0 | 1 | 719,000 | 1 | 829,000 | |
| Depreciation and amortization | 6 | 8 | 9 | 10 | 8 | |
| Impairment of assets | 0 | 36 | 79 | 0 | 0 | |
| Loss on disposals | 81,000 | 292,000 | 4 | 0 | 0 | |
| Operating income (loss) | 54 | −15 | −82 | −167 | 12 | |
| Interest expense, net | 26 | 39 | 41 | 12 | 1 | |
| Loss on extinguishment | 326,000 | 0 | 0 | — | — | |
| Other expense (income) | 1 | −2 | −1 | 10 | 1 | |
| Other expense | 28 | 37 | 39 | 22 | 3 | |
| Income (loss) before income taxes | 26 | −52 | −121 | −189 | 9 | |
| Income tax (benefit) expense, net | −2 | −5 | 85,000 | −44 | −2 | |
| Net income (loss) from continuing operations | 27 | −47 | −121 | −145 | 11 | |
| Loss from discontinued operations, net of tax | 0 | 0 | −74 | −69 | −2 | |
| Net income (loss) | 27 | −47 | −196 | −213 | 10 | |
| (Income) loss attributable to noncontrolling interest - continuing operations | −5 | 11 | 24 | 41 | 10 | |
| Loss attributable to noncontrolling interest - discontinued operations | 0 | 0 | 15 | 14 | 0 | |
| Net income (loss) attributable to Bioventus Inc. | 23 | −36 | −156 | −159 | 19 | |
| Change in prior service cost and unrecognized gain (loss) for defined benefit plan adjustment | 21,000 | 13,000 | −8,000 | 133,000 | 60,000 | |
| Change in foreign currency translation adjustments | 2 | −4 | 1 | −501,000 | −1 | |
| Change in the fair value of cash flow hedges | −991,000 | 0 | 0 | — | — | |
| Comprehensive income (loss) | 28 | −51 | −194 | −214 | 8 | |
| Comprehensive (income) loss attributable to noncontrolling interest - continuing operations | −5 | 12 | 24 | 41 | 10 | |
| Comprehensive loss attributable to noncontrolling interest - discontinued operations | 0 | 0 | 15 | 14 | 0 | |
| Comprehensive income (loss) attributable to Bioventus Inc. | 23 | −39 | −155 | −159 | 18 | |
| Continuing operations, basic (in dollars per share) | 0.34 | −0.56 | −1.54 | −1.7 | −0.11 | |
| Discontinued operations, basic (in dollars per share) | 0 | 0 | −0.95 | −0.89 | −0.04 | |
| Basic income (loss) per Class A common stock (in dollars per share) | 0.34 | −0.56 | −2.49 | −2.59 | −0.15 | |
| Continuing operations, diluted (in dollars per share) | 0.33 | −0.56 | −1.54 | −1.7 | −0.11 | |
| Discontinued operations, diluted (in dollars per share) | 0 | 0 | −0.95 | −0.89 | −0.04 | |
| Diluted income (loss) per Class A common stock (in dollars per share) | 0.33 | −0.56 | −2.49 | −2.59 | −0.15 | |
| Basic (in shares) | 67 | 65 | 63 | 61 | 45 | |
| Diluted (in shares) | 69 | 65 | 63 | 61 | 45 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 51 | 42 | 37 | 30 | 44 | |
| Accounts receivable, net | 128 | 127 | 123 | 136 | 125 | |
| Inventory | 82 | 92 | 91 | 85 | 62 | |
| Prepaid and other current assets | 11 | 14 | 17 | 19 | 27 | |
| Total current assets | 273 | 276 | 268 | 273 | 263 | |
| Property and equipment, net | 22 | 27 | 37 | 27 | 23 | |
| Goodwill | 7 | 7 | 7 | 7 | 148 | |
| Intangible assets, net | 368 | 405 | 482 | 640 | 695 | |
| Operating lease assets | 5 | 7 | 13 | 17 | 17 | |
| Deferred tax assets | 6 | 5 | 0 | — | — | |
| Investment and other assets | 2 | 2 | 3 | 3 | 29 | |
| Total assets | 684 | 728 | 811 | 1,373 | 1,226 | |
| Accounts payable | 11 | 24 | 23 | 37 | 17 | |
| Accrued liabilities | 130 | 136 | 120 | 112 | 131 | |
| Current portion of long-term debt | 15 | 27 | 28 | 33 | 18 | |
| Current portion of contingent consideration | 0 | 20 | 0 | — | — | |
| Other current liabilities | 4 | 4 | 5 | 4 | 4 | |
| Total current liabilities | 160 | 210 | 175 | 304 | 181 | |
| Long-term debt, less current portion | 279 | 308 | 367 | 385 | 340 | |
| Deferred income tax liabilities | 433,000 | 564,000 | 1 | 2 | 60 | |
| Other long-term liabilities | 15 | 23 | 28 | 23 | 22 | |
| Total liabilities | 455 | 542 | 590 | 960 | 618 | |
| Commitments and Contingencies (Note 12) | — | — | — | — | — | |
| Additional paid-in capital | 521 | 508 | 494 | 491 | 473 | |
| Accumulated deficit | −335 | −358 | −322 | −165 | −7 | |
| Accumulated other comprehensive loss | −2 | −3 | 794,000 | −110,000 | 179,000 | |
| Total stockholders equity attributable to Bioventus Inc. | 184 | 148 | 174 | 325 | 459 | |
| Noncontrolling interest | 44 | 38 | 48 | 87 | 141 | |
| Total stockholders equity | 228 | 186 | 221 | 412 | 608 | |
| Total liabilities and stockholders equity | 684 | 728 | 811 | 1,373 | 1,226 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 47 | 50 | 57 | 55 | 35 | |
| Provision (benefit) for expected credit losses | 1 | −434,000 | −1 | 5 | 485,000 | |
| Equity-based compensation | 13 | 13 | 3 | 18 | 20 | |
| Impairments of assets | 0 | 36 | 79 | 135 | 7 | |
| Deferred income taxes | −909,000 | −5 | −2 | −47 | −10 | |
| Unrealized (gain) loss on foreign currency fluctuations | −360,000 | −259,000 | 665,000 | 1 | 472,000 | |
| Other, net | 1 | 3 | 2 | 388,000 | 588,000 | |
| Accounts receivable | −916,000 | −11 | 10 | −18 | −20 | |
| Inventory | 9 | −16 | −6 | −19 | 3 | |
| Accounts payable and accrued expenses | −20 | 18 | −5 | −3 | 18 | |
| Other current and noncurrent assets and liabilities | −2 | −3 | −2 | 10 | −16 | |
| Net cash from operating activities - continuing operations | 75 | 39 | 18 | −11 | 23 | |
| Net cash from operating activities - discontinued operations | 0 | 0 | −2 | −2 | 0 | |
| Net cash from operating activities | 75 | 39 | 15 | −14 | 23 | |
| (Settlement) proceeds from the sale of a business | −686,000 | 25 | 35 | — | — | |
| Purchase of property and equipment | −3 | −1 | −7 | −1 | −14 | |
| Investments and acquisition of distribution rights | 0 | −709,000 | 0 | −10 | −7 | |
| Net cash from investing activities - continuing operations | −3 | 23 | 27 | −12 | −284 | |
| Net cash from investing activities - discontinued operations | 0 | 0 | −12 | −105 | 0 | |
| Net cash from investing activities | −3 | 23 | 16 | −116 | −284 | |
| Proceeds from issuance of Class A and B common stock | 2 | 2 | 778,000 | 6 | 2 | |
| Tax withholdings on equity-based compensation | −9,000 | 0 | 0 | −3 | 0 | |
| Receipt of deferred consideration | 0 | 5 | 0 | 0 | — | |
| Payment of contingent consideration | −20 | 0 | 0 | — | — | |
| Borrowing on revolver | 45 | 0 | 64 | 25 | 20 | |
| Payment on revolver | −45 | −15 | −49 | −25 | −20 | |
| Proceeds from the issuance of long-term debt, net of discount | 32 | 0 | 0 | 80 | 257 | |
| Payments on the extinguishment of long-term debt | −66 | 0 | 0 | — | — | |
| Debt financing costs | −697,000 | −1 | −4 | 0 | 0 | |
| Payments on long-term debt | −9 | −45 | −38 | −20 | −91 | |
| Other, net | −827,000 | −758,000 | −506,000 | −15,000 | −404,000 | |
| Net cash from financing activities | −62 | −55 | −27 | 62 | 273 | |
| Effect of exchange rate changes on cash | 371,000 | −3 | 629,000 | 521,000 | −228,000 | |
| Net change in cash and cash equivalents | 10 | 5 | 5 | −67 | 12 | |
| Accrued liabilities for distribution rights and member distributions | 0 | 0 | 709,000 | 0 | 3 | |
| Accounts payable for purchase of property, plant and equipment | 240,000 | 42,000 | 1 | 419,000 | 695,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Bioventus Inc.'s CIK number?
Bioventus Inc.'s SEC CIK number is 0001665988 (1665988). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Bioventus Inc.'s SEC filings?
All of Bioventus Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Bioventus Inc. last report earnings?
Bioventus Inc. (BVS) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001665988-26-000026). This is Bioventus Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Bioventus Inc.'s most recent earnings 8-K?
Bioventus Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001665988-26-000026. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Bioventus Inc.'s latest earnings 8-K →
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