SequelSEC

ELUTIA INC. ELUT

Biological Products, (No Diagnostic Substances) · CIK 0001708527 · Fiscal year ends 1231

Revenue
$12.29M
Fiscal year ended 2025-12-31
Operating income
-$26.91M
Fiscal year ended 2025-12-31
Free cash flow
-$46.69M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$65.09MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float / net income1.2×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue5.3×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity2.4×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 2025-06-30, 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 Biological Products, (No Diagnostic Substances) 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
Net margin434.2%99th
R&D / revenue33.9%18th
CapEx / revenue15.3%78th
Current ratio2.22x29th
Revenue YoY growth-15.0%34th
Gross margin53.7%37th
Operating margin-218.9%59th
FCF margin-379.8%43th
SBC / revenue42.4%51th

ELUTIA INC. (ELUT) reported revenue of $12.29M and net income of $53.38M 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 ELUTIA INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Biological Products, (No Diagnostic Substances).

Income

ELUTIA 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$12.29M$14.47M$24.74M$23.85M$47.39M$42.68M$42.90M
Cost of revenue$5.70M$7.75M$13.69M$12.21M$28.37M$22.12M$23.13M
Gross profit$6.60M$6.72M$11.05M$11.64M$19.02M$20.56M$19.77M
Operating income-$26.91M-$30.71M-$30.53M-$35.19M-$23.03M-$13.60M-$8.41M
Net income$53.38M-$53.95M-$37.66M-$32.90M-$24.83M-$21.82M-$11.94M
Research & development$4.16M$3.00M$4.40M$7.73M$9.27M$5.95M$2.40M
Weighted-average diluted sharesshares 45.94Mshares 29.07Mshares 18.16Mshares 13.83Mshares 10.44Mshares 2.85MUnavailable
Pretax income-$15.86M-$45.34M-$41.22M-$36.15M-$24.78M-$21.80M-$11.91M
Income tax expense$13.00K$7.00K$28.00K$34.00K$55.00K$26.00K$30.00K
Diluted EPS$0.87$-1.86$-2.07$-2.38$-2.38$-8.88Unavailable
Selling, general & administrative$20.84M$23.06M$27.19M$33.90M$32.51M$28.21M$25.78M
General & administrative$15.08M$18.07M$14.10M$16.05M$13.69M$10.64M$9.62M
Selling & marketing$5.76M$4.99M$13.09M$17.85M$18.82M$17.56M$16.16M

Balance

ELUTIA 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$36.35M$13.24M$19.28M$16.99M$30.39M$39.15M$2.48M
Total assets$62.35M$36.13M$43.43M$68.84M$67.17M$82.81M$44.77M
Current assets$55.82M$26.17M$31.25M$50.70M$47.43M$59.71M$18.45M
Total liabilities$34.68M$82.39M$82.03M$73.87M$53.65M$61.98M$55.43M
Current liabilities$25.14M$37.80M$43.04M$42.62M$26.00M$26.78M$18.27M
Total equity incl. NCI$27.67M-$46.26M-$38.60M-$5.03M$13.52M$20.83M-$55.11M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$44.45M
Inventory$2.62M$1.93M$3.85M$4.24M$9.55M$10.12M$7.19M
Accounts receivable$1.73M$2.28M$3.26M$3.77M$6.00M$7.17M$7.23M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailable$22.60M$20.36M$24.26M$10.41M$17.81M$19.61M
Accounts payable$4.79M$4.15M$3.19M$1.37M$1.58M$2.05M$2.49M

Cash flow

ELUTIA 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-$44.81M-$22.66M-$21.76M-$21.43M-$15.45M-$13.63M-$7.22M
Capital expenditures$1.88M$654.00K$346.00K$540.00K$369.00K$640.00K$577.00K
Investing cash flow$78.56M-$474.00K$14.21M-$540.00K-$369.00K-$640.00K-$577.00K
Financing cash flow-$10.64M$17.09M$9.84M$8.54M$6.71M$51.21M$7.98M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$5.21M$7.89M$2.44M$3.65M$3.54M$779.00K$208.00K
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$2.78M$3.45M$3.75M$3.73M$3.73M$3.86M$3.86M

Derived

ELUTIA 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-$46.69M-$23.31M-$22.11M-$21.97M-$15.82M-$14.27M-$7.80M
Gross margin53.7%46.4%44.7%48.8%40.1%48.2%46.1%
Operating margin-218.9%-212.3%-123.4%-147.5%-48.6%-31.9%-19.6%
FCF margin-379.8%-161.1%-89.3%-92.1%-33.4%-33.4%-18.2%
SBC / revenue42.4%54.5%9.8%15.3%7.5%1.8%0.5%
Current ratio2.22x0.69x0.73x1.19x1.82x2.23x1.01x
Revenue YoY growth-15.0%-41.5%3.8%-49.7%11.0%-0.5%Unavailable
Net margin434.2%-372.9%-152.2%-137.9%-52.4%-51.1%-27.8%
R&D / revenue33.9%20.7%17.8%32.4%19.6%13.9%5.6%
CapEx / revenue15.3%4.5%1.4%2.3%0.8%1.5%1.3%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

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

Source filings

10-Q · Filed 2026-08-14View SEC filing
10-Q · Filed 2026-05-15View SEC filing
10-K · Filed 2026-03-13View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-13View 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.