SequelSEC

Bioventus Inc. BVS

Surgical & Medical Instruments & Apparatus · CIK 0001665988 · Fiscal year ends 1231

Revenue
$568.09M
Fiscal year ended 2025-12-31
Operating income
$53.98M
Fiscal year ended 2025-12-31
Free cash flow
$72.11M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$264.40MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-28
Float / net income11.6×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue0.5×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.2×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-28, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Surgical & Medical Instruments & Apparatus filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
CapEx / revenue0.5%8th
R&D / revenue2.1%12th
Effective tax rate-6.1%12th
FCF margin12.7%84th
Revenue YoY growth-0.9%20th
Operating margin9.5%78th
SBC / revenue2.2%25th
Net margin4.0%75th
Long-term debt / equity1.22x74th
Current ratio1.70x29th
Gross margin68.3%67th

Bioventus Inc. (BVS) reported revenue of $568.09M and net income of $22.73M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Bioventus Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Surgical & Medical Instruments & Apparatus.

Income

Bioventus Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$568.09M$573.28M$512.34M$512.12M$430.90M$321.16M$340.14M
Cost of revenue$179.93M$185.05M$184.15M$181.04M$128.19M$87.64M$90.94M
Gross profit$388.16M$388.23M$328.19M$331.08M$302.71M$233.52M$249.21M
Operating income$53.98M-$15.20M-$81.72M-$167.23M$12.06M$21.24M$31.19M
Net income$22.73M-$36.12M-$156.23M-$158.70M$19.38M$16.41M$6.85M
Research & development$12.11M$13.95M$13.45M$23.85M$19.04M$11.20M$11.06M
Weighted-average diluted sharesshares 68.91Mshares 64.55Mshares 62.65Mshares 61.39Mshares 45.47MUnavailableUnavailable
Pretax income$25.71M-$52.34M-$121.11M-$189.02M$9.49M$15.91M$9.69M
Income tax expense-$1.56M-$5.29M$85.00K-$44.37M-$1.97M$1.19M$1.58M
Diluted EPS$0.33$-0.56$-2.49$-2.59$-0.15UnavailableUnavailable
Selling, general & administrative$314.03M$343.80M$303.88M$332.13M$254.25M$193.08M$198.48M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Bioventus Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$51.24M$41.58M$36.96M$30.19M$43.93M$86.84MUnavailable
Total assets$683.56M$727.96M$810.91M$1.37B$1.23B$494.47MUnavailable
Current assets$272.84M$275.61M$268.00M$272.58M$263.10M$211.79MUnavailable
Total liabilities$455.11M$542.35M$589.79M$960.43M$618.21M$350.31MUnavailable
Current liabilities$160.38M$210.40M$175.50M$304.02M$180.86M$122.59MUnavailable
Total equity incl. NCI$228.45M$185.60M$221.12M$412.22M$607.66MUnavailableUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$82.24M$92.48M$91.33M$84.77M$61.69M$29.12MUnavailable
Accounts receivable$128.30M$127.39M$122.79M$136.30M$124.96M$88.28MUnavailable
Goodwill$7.46M$7.46M$7.46M$7.46M$147.62M$49.80MUnavailable
Long-term debt$278.95M$308.29M$367.00M$385.01M$339.64M$173.38MUnavailable
Accounts payable$10.93M$23.69M$23.04M$36.70M$16.92M$4.42MUnavailable

Cash flow

Bioventus Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$74.67M$38.80M$15.34M-$13.54M$22.99M$71.80M$40.71M
Capital expenditures$2.56M$1.01M$7.36M$1.48M$13.52M$16.58M$2.34M
Investing cash flow-$3.25M$22.96M$15.81M-$116.44M-$283.76M-$20.50M-$7.91M
Financing cash flow-$62.14M-$54.58M-$26.65M$62.08M$273.37M-$29.57M-$10.95M
Net change in cash$9.66M$4.62M$5.13M-$67.38M$12.37M$22.32M$21.75M
Stock-based compensation$12.67M$13.27M$2.72M$17.58M$19.84M$0$0
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$47.01M$49.56M$57.36M$55.40M$34.88M$28.64M$30.32M

Derived

Bioventus Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$72.11M$37.79M$7.98M-$15.02M$9.47M$55.22M$38.37M
Gross margin68.3%67.7%64.1%64.6%70.3%72.7%73.3%
Operating margin9.5%-2.7%-16.0%-32.7%2.8%6.6%9.2%
FCF margin12.7%6.6%1.6%-2.9%2.2%17.2%11.3%
SBC / revenue2.2%2.3%0.5%3.4%4.6%0.0%0.0%
Current ratio1.70x1.31x1.53x0.90x1.45x1.73xUnavailable
Revenue YoY growth-0.9%11.9%0.0%18.8%34.2%-5.6%Unavailable
Net margin4.0%-6.3%-30.5%-31.0%4.5%5.1%2.0%
R&D / revenue2.1%2.4%2.6%4.7%4.4%3.5%3.3%
CapEx / revenue0.5%0.2%1.4%0.3%3.1%5.2%0.7%
Long-term debt / equity1.22xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate-6.1%UnavailableUnavailableUnavailable-20.7%7.5%16.3%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BVS in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-03-05View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-06View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.