SequelSEC

AVITA Medical, Inc. RCEL

Surgical & Medical Instruments & Apparatus · CIK 0001762303 · Fiscal year ends 1231

Revenue
$71.61M
Fiscal year ended 2025-12-31
Operating income
-$42.53M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$138.67MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$4.53Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue1.9×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 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
Gross margin82.1%89th
Current ratio0.57x12th
CapEx / revenue1.4%30th
Net margin-67.8%32th
Operating margin-59.4%34th
R&D / revenue29.1%65th
SBC / revenue13.3%65th
Revenue YoY growth11.5%42th

AVITA Medical, Inc. (RCEL) reported revenue of $71.61M and net income of -$48.59M for the fiscal year ended 2025-12-31. This page shows 8 annual periods of income statement, balance sheet and cash flow figures normalized from AVITA Medical, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Surgical & Medical Instruments & Apparatus.

Income

AVITA Medical, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-06-302020-06-302019-06-302018-06-30
Revenue$71.61M$64.25M$50.14M$34.42M$29.23M$14.26M$5.47M$929.00K
Cost of revenue$12.79M$9.09M$7.78M$6.04M$5.95M$2.97M$1.27M$546.00K
Gross profit$58.82M$55.16M$42.36M$28.38M$23.28M$11.29M$4.20M$383.00K
Operating income-$42.53M-$56.59M-$42.66M-$27.50M-$26.54M-$42.68M-$25.53M-$13.84M
Net income-$48.59M-$61.84M-$35.38M-$26.66M-$26.58M-$42.03M-$25.10M-$12.74M
Research & development$20.84M$20.36M$20.82M$13.86M$14.82M$9.16M$8.00M$6.26M
Weighted-average diluted sharesshares 27.86Mshares 25.88Mshares 25.33Mshares 25.00Mshares 22.67Mshares 20.29Mshares 16.06Mshares 9.33M
Pretax income-$48.58M-$61.79M-$35.32M-$26.63M-$26.54M-$42.03M-$25.22M-$13.81M
Income tax expense$11.00K$54.00K$66.00K$36.00K$38.00K$4.00K-$121.00K-$1.07M
Diluted EPS$-1.74$-2.39$-1.40$1.07$1.17$2.07$1.56$1.37
Selling, general & administrative$80.51M$91.39M$65.62M$45.24M$37.06M$48.73M$27.65M$14.28M
General & administrative$27.37M$33.20M$28.33M$23.33M$22.40M$33.02M$15.10M$9.40M
Selling & marketing$53.14M$58.20M$37.29M$21.91M$14.66M$15.71M$12.55M$4.88M

Balance

AVITA Medical, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-06-302020-06-302019-06-302018-06-30
Cash & equivalents$10.24M$14.05M$22.12M$18.16M$110.75M$73.64M$20.17MUnavailable
Total assets$56.39M$79.71M$111.64M$98.26M$125.50M$82.46M$25.78MUnavailable
Current assets$35.49M$57.00M$104.01M$87.46M$121.33M$78.39M$24.12MUnavailable
Total liabilities$73.04M$74.97M$61.89M$12.97M$9.85M$10.06M$4.95MUnavailable
Current liabilities$62.68M$20.16M$13.20M$10.69M$7.39M$7.71M$4.48MUnavailable
Total equity incl. NCI-$16.65M$4.50M$49.06M$84.74M$115.66M$72.40M$20.83M$14.03M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$6.93M$7.27M$5.60M$2.12M$1.65M$1.12M$742.00KUnavailable
Accounts receivable$9.09M$11.80M$7.66M$3.52M$3.47M$2.08M$1.40MUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$0$42.24M$39.81MUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

AVITA Medical, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-06-302020-06-302019-06-302018-06-30
Operating cash flow-$31.20M-$48.90M-$38.01M-$19.09M-$25.90M-$22.75M-$19.25M-$12.96M
Capital expenditures$1.00M$9.17M$1.38M$452.00K$894.00K$590.00K$1.02M$365.00K
Investing cash flow$12.45M$37.36M$1.61M-$19.33M-$1.17M-$847.00K-$1.23M-$365.00K
Financing cash flow$14.94M$3.51M$40.37M$900.00K$64.05M$77.06M$29.71M$21.30M
Net change in cash-$3.81M-$8.07M$3.95M-$37.55M$37.11M$53.47M$9.39M$8.07M
Stock-based compensation$9.52M$13.50M$8.38M$7.00M$5.66M$16.49M$1.95M$1.42M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$2.35M$1.13M$632.00K$568.00K$715.00K$465.00K$269.00K$110.00K

Derived

AVITA Medical, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-06-302020-06-302019-06-302018-06-30
Free cash flowUnavailableUnavailable-$39.39M-$19.54M-$26.80M-$23.34M-$20.27M-$13.32M
Gross margin82.1%85.8%84.5%82.4%79.6%79.2%76.8%41.2%
Operating margin-59.4%-88.1%-85.1%-79.9%-90.8%-299.2%-466.4%-1489.9%
FCF marginUnavailableUnavailable-78.6%-56.8%-91.7%-163.6%-370.3%-1434.3%
SBC / revenue13.3%21.0%16.7%20.3%19.4%115.6%35.5%153.2%
Current ratio0.57x2.83x7.88x8.18x16.42x10.17x5.38xUnavailable
Revenue YoY growth11.5%28.1%45.7%Unavailable104.9%160.6%489.2%Unavailable
Net margin-67.8%-96.3%-70.6%-77.5%-90.9%-294.7%-458.6%-1370.8%
R&D / revenue29.1%31.7%41.5%40.3%50.7%64.3%146.2%673.5%
CapEx / revenue1.4%14.3%2.8%1.3%3.1%4.1%18.7%39.3%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

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

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-14View SEC filing
10-K · Filed 2026-02-12View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-08View 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.