ARTIVION, INC.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
AORT$20.47-0.8%Stored close · as of Nov 10, 2026
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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
In Thousands, Except Per Share Data
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Products | $345,825 | $290,230 | $261,185 |
| Preservation services | 95,505 | 98,307 | 92,819 |
| Total revenues | 441,330 | 388,537 | 354,004 |
| Cost of products and preservation services: | |||
| Products | 112,781 | 99,385 | 84,595 |
| Preservation services | 44,322 | 40,371 | 40,233 |
| Total cost of products and preservation services | 157,103 | 139,756 | 124,828 |
| Gross margin | 284,227 | 248,781 | 229,176 |
| Operating expenses: | |||
| General, administrative, and marketing | 226,491 | 181,455 | 208,977 |
| Research and development | 30,991 | 28,452 | 28,707 |
| Total operating expenses | 257,482 | 209,907 | 237,684 |
| Gain from sale of non-financial assets | (7,000) | — | (14,250) |
| Operating income | 33,745 | 38,874 | 5,742 |
| Interest expense | 26,582 | 34,277 | 25,299 |
| Interest income | (763) | (1,467) | (1,077) |
| Losses on inducement/extinguishment of debt | 2,664 | 3,669 | — |
| Other (income) expense, net | (9,518) | 9,909 | 3,106 |
| Income (loss) before income taxes | 14,780 | (7,514) | (21,586) |
| Income tax expense | 5,012 | 5,845 | 9,104 |
| Net income (loss) | $9,768 | $(13,359) | $(30,690) |
| Income (loss) per share: | |||
| Basic | $0.22 | $(0.32) | $(0.75) |
| Diluted | $0.21 | $(0.32) | $(0.75) |
| Weighted-average common shares outstanding: | |||
| Basic | 45,335 | 41,676 | 40,743 |
| Diluted | 47,162 | 41,676 | 40,743 |
| Net income (loss) | $9,768 | $(13,359) | $(30,690) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments, net of tax | 22,208 | (12,917) | 9,599 |
| Comprehensive income (loss) | $31,976 | $(26,276) | $(21,091) |
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