ARTIVION, INC.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
AORT$20.47-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Net cash flows from operating activities: | ||
| Net income | $7,342 | $3,124 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Depreciation and amortization | 16,701 | 17,910 |
| Non-cash compensation | 20,302 | 11,499 |
| Non-cash lease expense | 3,824 | 5,860 |
| Write-down of inventories and deferred preservation costs | 3,779 | 2,911 |
| Deferred income taxes | (1,484) | (4,187) |
| Change in fair value of contingent consideration | 2,390 | (12,170) |
| Losses on inducement/extinguishment of debt | 2,664 | 3,669 |
| Gain from sale of non-financial assets | (3,500) | — |
| Other | (7,315) | 1,623 |
| Changes in operating assets and liabilities: | ||
| Receivables | (924) | (3,356) |
| Inventories and deferred preservation costs | (11,563) | (4,791) |
| Prepaid expenses and other assets | (4,703) | (4,758) |
| Accounts payable, accrued expenses, and other liabilities | (7,193) | (5,237) |
| Net cash flows provided by operating activities | 20,320 | 12,097 |
| Net cash flows from investing activities: | ||
| Capital expenditures | (11,534) | (9,763) |
| Payments for Endospan agreements | — | (7,000) |
| Net cash flows used in investing activities | (11,534) | (16,763) |
| Net cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | — | 190,000 |
| Proceeds from revolving credit facility | — | 30,000 |
| Repayment of debt | (207) | (211,765) |
| Proceeds from exercise of stock options and issuance of common stock | 9,613 | 5,285 |
| Payment of debt issuance costs | (1,750) | (10,044) |
| Proceeds from financing insurance premiums | 3,117 | — |
| Principal payments on short-term notes payable | (1,395) | (1,027) |
| Other | (526) | (420) |
| Net cash flows provided by financing activities | 8,852 | 2,029 |
| Effect of exchange rate changes on cash and cash equivalents | 2,325 | (130) |
| Increase (decrease) in cash and cash equivalents | 19,963 | (2,767) |
| Cash and cash equivalents beginning of period | 53,463 | 58,940 |
| Cash and cash equivalents end of period | $73,426 | $56,173 |
Condensed Consolidated Statements of Stockholders’ Equity
| CommonStock · AdditionalPaid-InCapital · RetainedDeficit · Accumulated OtherComprehensive Loss · TreasuryStock · TotalStockholders'Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at June 30, 2025 | 48,592 | $486 | $497,318 | $(60,426) | $(2,828) | (1,487) | $(14,648) | $419,902 |
| Net income | — | — | — | 6,502 | — | — | — | 6,502 |
| Other comprehensive income, net of tax | — | — | — | — | 541 | — | — | 541 |
| Settlement of convertible senior notes | 20 | — | 460 | — | — | — | — | 460 |
| Equity compensation | 16 | — | 6,135 | — | — | — | — | 6,135 |
| Exercise of options | 181 | 1 | 3,869 | — | — | — | — | 3,870 |
| Employee stock purchase plan | 53 | 1 | 1,283 | — | — | — | — | 1,284 |
| Balance at September 30, 2025 | 48,862 | $488 | $509,065 | $(53,924) | $(2,287) | (1,487) | $(14,648) | $438,694 |
| CommonStock · AdditionalPaid-InCapital · Retained Deficit · Accumulated OtherComprehensive Loss · TreasuryStock · TotalStockholders’Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2024 | 43,432 | $434 | $376,607 | $(61,266) | $(24,927) | (1,487) | $(14,648) | $276,200 |
| Net income | — | — | — | 7,342 | — | — | — | 7,342 |
| Other comprehensive income, net of tax | — | — | — | — | 22,640 | — | — | 22,640 |
| Settlement of convertible senior notes | 4,354 | 44 | 102,553 | — | — | — | — | 102,597 |
| Equity compensation | 616 | 6 | 20,296 | — | — | — | — | 20,302 |
| Exercise of options | 363 | 3 | 7,365 | — | — | — | — | 7,368 |
| Employee stock purchase plan | 97 | 1 | 2,244 | — | — | — | — | 2,245 |
| Balance at September 30, 2025 | 48,862 | $488 | $509,065 | $(53,924) | $(2,287) | (1,487) | $(14,648) | $438,694 |
Condensed Consolidated Statements of Stockholders’ Equity (continued)
| CommonStock · AdditionalPaid-InCapital · RetainedDeficit · Accumulated OtherComprehensive Loss · TreasuryStock · TotalStockholders'Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at June 30, 2024 | 43,279 | $433 | $367,627 | $(42,495) | $(15,861) | (1,487) | $(14,648) | $295,056 |
| Net loss | — | — | — | (2,288) | — | — | — | (2,288) |
| Other comprehensive income, net of tax | — | — | — | — | 6,333 | — | — | 6,333 |
| Equity compensation | 11 | — | 3,940 | — | — | — | — | 3,940 |
| Exercise of options | 35 | — | 676 | — | — | — | — | 676 |
| Employee stock purchase plan | 67 | 1 | 1,021 | — | — | — | — | 1,022 |
| Balance at September 30, 2024 | 43,392 | $434 | $373,264 | $(44,783) | $(9,528) | (1,487) | $(14,648) | $304,739 |
| CommonStock · AdditionalPaid-InCapital · RetainedDeficit · AccumulatedOtherComprehensiveLoss · TreasuryStock · TotalStockholders’Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2023 | 42,569 | $426 | $355,919 | $(47,907) | $(12,010) | (1,487) | $(14,648) | $281,780 |
| Net income | — | — | — | 3,124 | — | — | — | 3,124 |
| Other comprehensive income, net of tax | — | — | — | — | 2,482 | — | — | 2,482 |
| Equity compensation | 499 | 5 | 12,063 | — | — | — | — | 12,068 |
| Exercise of options | 206 | 2 | 3,522 | — | — | — | — | 3,524 |
| Employee stock purchase plan | 118 | 1 | 1,760 | — | — | — | — | 1,761 |
| Balance at September 30, 2024 | 43,392 | $434 | $373,264 | $(44,783) | $(9,528) | (1,487) | $(14,648) | $304,739 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.