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Companies / Healthcare / Axogen, Inc.
AXGN

Axogen, Inc.

HealthcareElectromedical Apparatus
Ticker AXGNALACHUA, FLFiscal year ends DecemberBook value per share $4.88Diluted shares 52.6M

Axogen, Inc. (NASDAQ: AXGN) is the leading company focused specifically on the science, development, and commercialization of technologies for peripheral nerve regeneration and repair. The company's mission centers on restoring nerve function and quality of life for patients with peripheral nerve injuries through… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$225.21M
+20.2% year over year
Last 12 mo $251.17M
-3.49%
−1.7 percentage points
Last 12 mo -5.12%
$-15.70M
−57.6% year over year
Last 12 mo $-33.55M
-12.19%
−2.6 percentage points
Last 12 mo -13.09%
Cash & financing
$0.81M
−82.1% year over year
Last 12 mo $15.05M
$-2.93M
−304.5% year over year
Last 12 mo $8.60M
0.38
Was 0.46× a year earlier
Last 12 mo 0.00
46.1M
+4.1% year over year
Last 12 mo 52.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Axogen, Inc. does

In the company’s own words

Axogen, Inc. (NASDAQ: AXGN) is the leading company focused specifically on the science, development, and commercialization of technologies for peripheral nerve regeneration and repair. The company's mission centers on restoring nerve function and quality of life for patients with peripheral nerve injuries through innovative, clinically proven, and economically effective repair solutions for surgeons and healthcare providers.

The company's comprehensive product portfolio includes Avance Nerve Graft, a biologically active off-the-shelf processed human nerve allograft with more than 17 years of clinical evidence and over 120,000 implants since launch. In December 2025, the FDA approved Avance as an acellular nerve scaffold, with commercial availability expected in early second quarter 2026. The portfolio also encompasses the Axoguard product line, including Axoguard Nerve Connector, Axoguard Nerve Protector, Axoguard HA+ Nerve Protector, and Axoguard Nerve Cap, which are manufactured from porcine extracellular matrix material. Additionally, Axogen offers Avive+ Soft Tissue Matrix, a multi-layer amniotic membrane allograft launched in June 2024 for tissue protection and separation during surgical healing.

Axogen operates through a vertically integrated model combining proprietary tissue processing with a direct sales force. The company operates the Axogen Processing Center, a 107,000 square foot facility in Vandalia, Ohio, for Avance Nerve Graft tissue processing and packaging. Avive+ Soft Tissue Matrix processing occurs at a licensed facility in Dayton, Ohio. The Axoguard product line is manufactured by Evergen in West Lafayette, Indiana under supply and distribution agreements.

The company addresses a total addressable market estimated at $5.6 billion across four primary categories: extremities, oral maxillofacial and head and neck, breast reconstruction neurotization, and urology. Revenue is primarily generated through U.S. distribution of its product portfolio, supplemented by sales in Canada, Germany, the United Kingdom, Spain, and several other countries. As of December 31, 2025, Axogen employed 138 direct sales professionals in the U.S., supported by independent sales agencies representing approximately eight percent of total revenue. The company maintains a robust clinical research foundation with over 350 peer-reviewed publications and the RANGER registry tracking more than 2,800 Avance Nerve Graft repairs. More information is available at www.axogeninc.com.

Company details
Sector
Healthcare
Industry
Electromedical Apparatus
Headquarters
ALACHUA, FL
Fiscal year end
December
CIK
805928
SIC
3845

Financial performance, year by year

Fiscal 2013–2025 · USD
$-62.02M$23.40M$108.81M$194.23M$279.65M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Axogen, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

228
funds hold it
0 of 35
superinvestors hold it
$729.30M
held by funds, at market
30.2%
of shares held by funds

Largest fund holders · Axogen, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.08%of fund net assets
Hood River Small-Cap Growth Fund
HRSMX · Manager Directed Portfolios
0.48%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.03%of fund net assets
T. Rowe Price New Horizons Fund, Inc.
PRNHX · T. ROWE PRICE NEW HORIZONS FUND, INC.
0.18%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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