Skip to main content
AXGN logo

AXGN · Axogen, Inc.

Track AXGN — free
$55.93 +0.53 (+0.96%) At close · Nov 13
Market Cap
$3.34B
Shares
59.73M
Volume · Nov 13 1.38M Avg daily vol (3M) 1.54M

Price & Indicators

Drag to pan · scroll to zoom
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$55.93 Open$55.88 Day$55.01–57.46 52W close$23.55–58.63 Avg vol 30d1.9M Short int7.0M · 11.7% of shares · 3.3d Short vol49% Last earningsOct 28, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 28

Up next

Feb 23, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Nov 9
Current report 8-K
Prostate launch backed by $754m TAM and clinical data

Axogen, Inc. said it will move forward with a prostate market launch, citing a $754m TAM and Avance® data in >220 reconstructed patients, including ~80% with better than expected erectile function and >95% with return of continence at 6 months.

Regulation FD disclosure
4 source passages
On November 9, 2026, Axogen, Inc. (the “Company”) posted a corporate presentation to its website at The Company may use the corporate presentation from time to time in conversation with analysts, investors, and others. Our Decision to Move Forward with a Prostate Market Launch Weighted ASP Per Procedure ~$7,000 TAM $754m At 6 months . >220 Patients reconstructed with Avance® 117 Patients treated with at least six months of follow-up 86 Unilateral reconstruction 31 Bilateral reconstruction ~80% Of patients had better than expected erectile function >95% Of patients had return of continence Open the document at this passage
Oct 28
Earnings call
Q3 2026 earnings call

Axogen reported third-quarter 2026 revenue of $75.8 million, up 26.2%, adjusted EBITDA $13.4 million, and raised full-year revenue guidance to at least $290 million. It completed BioCircuit acquisition October 1st and plans prostate market development 2027.

Oct 28
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

Axogen reported third-quarter revenue of $75,834, up 26.2%, and net income of $2,334, but nine-month net loss reached $18,766. Cash and investments totaled $348,068 as of September 30, 2026, and Axogen completed the BioCircuit acquisition on October 1, 2026.

Revenue $75.83M ▲ 26.2% Net income $2.33M ▲ 229.7% Diluted EPS $0.04 ▲ 300.0%
Read from the MD&A section
Oct 28
Current report 8-K
Financial results, Regulation FD disclosure

Axogen reported third-quarter revenue of $75.8 million, up 26.2%, adjusted net income of $13.1 million and raised full-year guidance to at least $290 million, including at least $7 million from the BioCircuit acquisition completed October 1, 2026.

Read from the first part of this long document
Oct 1
Current report 8-K
Regulation FD disclosure

Axogen completed its acquisition of BioCircuit Technologies. BioCircuit is expected to contribute approximately $6 million in fourth-quarter 2026 and approximately $34 million in 2027 revenue, not included in Axogen’s full-year 2026 guidance of at least 24% revenue growth.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$266.93M
Trailing 12 months
Net income (TTM)
−$31.92M
Trailing 12 months
Revenue growth YoY
+26.2%
Year over year
Operating margin
-5.2%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
0.7%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$6.86M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+25.3%
Year over year · more shares
Price change (1Y)
+132.7%
Trailing year
Short interest
11.7%
Latest settlement · 3.3 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Jul 29, 2026
Q2 FY26

TL;DR. Axogen reported Q2 revenue of $69.7M, up 23.1% YoY, and raised full-year 2026 revenue growth guidance to at least 24% (≥$279M), while lowering full-year gross margin guidance to at least 73% due to unfavorable breast-related product mix.

Bullish
  • + Q2 revenue grew 23.1% YoY to $69.7M, with breast growth of over 50% YoY driving broad-based strength across all target markets.
  • + Year-to-date active surgeon count increased by more than 210, exceeding plan, and high-potential account productivity grew 20% YoY.
Bearish
  • − Full-year 2026 gross margin guidance was lowered to at least 73%, below the prior plan, driven by unfavorable breast product mix.
  • − GAAP net loss was $1.5M ($0.03/share) versus net income of $0.6M ($0.01/share) in Q2 2025, and operating expenses rose to 75.8% of revenue, up 4.6 percentage points YoY.
  • − Adjusted EBITDA margin compressed to 12.1% from 16.3% in Q2 2025, a 4.2 percentage point decline.
  • − Aetna coverage decision remains pending despite historical timing expectations, creating uncertainty on near-term commercial coverage expansion to ~95% of lives.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Mentioned in fund letters

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Strong Buy Momentum Very Strong Sentiment Neutral Fundamentals Fair Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Buy
50 / 200-day cross No cross
Price vs 200-day avg +38%
above
Price vs 50-day avg +29%
above
RSI (14) 70
neutral
MACD trend Positive
52-week position 92%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +62%
trailing
6-month return +35%
trailing
YTD return +71%
this year
Relative strength +34%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $43 › 200d $41 — 50d above 200d
Institutional flow Accumulating
200 of 256 funds reported for Sep 30 · net +828.5K sh shares · +27 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
11.71% of shares out · ▲ +36.5% MoM · 3.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
256 holders — near 3-yr high, broad support
Squeeze score 67
elevated · 0–100
Fundamentals
Fair
Revenue growth +20%
Y/Y
Gross margin 74%
contracting
EPS growth −48%
Y/Y
Free cash flow $-2.9M
Balance sheet $12.8M
net debt
Quant / Vol
risk profile
Very High
Volatility 61%
annualized · 1-yr
Max drawdown −33%
past year
ATR 5.3%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 5 of last 5
Latest guidance · from the 8-K filed Jul 29, 2026
full-year 2026
Full-year revenue growth at least 24%
Revenue at least $279M
prior FY $225.21M midpoint +23.9% Y/Y
Gross margin at least 73%
Full-Year 2026
Revenue growth at least 24%
Previous outlook earlier release · from the Earnings Call filed Apr 28, 2026

Still-open targets the latest release did not restate under the same label.

Gross margin · full-year 74% – 76%
Full-year 2026 revenue growth · full-year 2026 at least 20%
Total revenue · full-year 2026 at least $270M
Guided vs delivered · last 5 settled
Revenue full year 2025
guided at least $222.8M
$225.21M In line
Annual revenue 2024 Financial Guidance
guided $182M – $186M
$187.34M Beat +1.8%
Full-year 2023 revenue full year 2023
guided $154M – $159M
$159.01M Beat +1.6%
Full-year 2022 revenue full-year 2022
guided $137.5M – $140M
$138.58M In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Buy
0 · 3 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+38% Bullish
Price vs 50-day avg
+29% Bullish
RSI (14)
70 Neutral
MACD trend
Positive Bullish
52-week position
92% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $43 › 200d $41 — 50d above 200d
Institutional flow Accumulating
200 of 256 funds reported for Sep 30 · net +828.5K sh shares · +27 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
11.71% of shares out · ▲ +36.5% MoM · 3.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
256 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $24 Now $56 · 92% Range high $59
vs 200-day avg +38% vs 50-day avg +29%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Medical Devices — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
AXGN
Axogen, Inc.
this stock
$3.34B +70.9% +20.2% — 11.7%
ABT
Abbott Laboratories
$187.95B -13.4% +5.7% 40.5 1.1%
MDT
Medtronic plc
$131.57B +7.1% +8.4% 25.3 1.8%
SYK
Stryker Corp
$117.88B -11.9% +11.2% 33.0 1.7%
BSX
Boston Scientific Corp
$64.27B -53.5% +12.5% 18.8 2.4%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
263
% held
89.6%
Reported
200 of 256
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
256
View
Short & Settlement
Short Interest Rising
Shares short
7.0M
Days to cover
3.3d
Change
+1.9M sh
View
Short Volume
Short vol %
49%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
2.1K
Value
$95.4K
As of
Sep 18, 2026
View
Off-Exchange
Off-exchange %
40.8%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$225.2M
Net income (FY)
$-15.7M
EPS diluted
$-0.34
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 9, 2026
This year
20

Axogen, Inc. said it will move forward with a prostate market launch, citing a $754m TAM and Avance® data in >220 reconstructed patients, including ~80% with better than expected erectile function and >95% with return of continence at 6 months.

View
Proposed Sales
Value
$174.6K
Shares
3.5K
Filed
Sep 2, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 17, 2026
Last webcast
Oct 28, 2026
View
Investor Relations
Latest news
Axogen, Inc. to Participate in Mu…
Published
Nov 3, 2026
Upcoming events
2
View

Performance

5D 20D 120D MTD YTD
AXGN +11.8% +61.6% +34.9% +13.3% +70.9%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +9.2% +62.7% +34.4% +13.5% +60.3%
Key facts CIK 805928 CUSIP 05463X106 13F (30d) 193 filings 169 filers Visit website Investor relations