biote Corp. (BTMD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1875 W. WALNUT HILL LN #100 IRVING, TX 75038 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 89,002 | 79,231 | 130 | |||
| Cash and cash equivalent | 89,002 | 79,231 | 130 | |||
| Receivables | 6,809 | 6,948 | ||||
| Inventory, net of allowances, customer advances and progress billings | 17,307 | 11,183 | ||||
| Inventory | 17,307 | 11,183 | ||||
| Prepaid expense | 3,914 | 2,939 | 321 | |||
| Advances on inventory purchases | 3,638 | 877 | ||||
| Other current assets | 308 | |||||
| Other undisclosed current assets | 1,365 | 0 | ||||
| Total current assets: | 122,343 | 101,178 | 452 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 1,877 | 2,052 | ||||
| Property, plant and equipment | 1,218 | 1,504 | ||||
| Intangible assets, net (including goodwill) | ||||||
| Goodwill | ||||||
| Intangible assets, net (excluding goodwill) | ||||||
| Asset, held-in-trust | 317,582 | |||||
| Deferred income tax assets | 24,884 | 1,838 | ||||
| Other noncurrent assets | ||||||
| Other undisclosed noncurrent assets | 4,973 | 5,073 | ||||
| Total noncurrent assets: | 32,952 | 10,467 | 317,582 | |||
| TOTAL ASSETS: | 155,295 | 111,645 | 318,033 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 12,652 | 10,386 | 2,111 | |||
| Accounts payable | 4,155 | 4,112 | 281 | |||
| Accrued liabilities | 8,497 | 6,274 | 1,830 | |||
| Deferred revenue | 3,002 | 1,965 | ||||
| Debt | 6,250 | 6,250 | ||||
| Derivative instruments and hedges, liabilities | ||||||
| Other undisclosed current liabilities | 311 | 165 | 161 | |||
| Total current liabilities: | 22,215 | 18,766 | 2,272 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 106,630 | 112,086 | ||||
| Long-term debt, excluding current maturities | 106,630 | 112,086 | ||||
| Liabilities, other than long-term debt | 44,102 | 34,963 | ||||
| Deferred revenue | 1,322 | 926 | ||||
| Other liabilities | ||||||
| Operating lease, liability | 1,680 | 1,927 | ||||
| Derivative instruments and hedges, liabilities | 41,100 | 32,110 | ||||
| Other undisclosed noncurrent liabilities | 18,894 | 4,104 | 20,891 | |||
| Total noncurrent liabilities: | 169,626 | 151,153 | 20,891 | |||
| Total liabilities: | 191,841 | 169,919 | 23,163 | |||
| Temporary equity, including noncontrolling interest | 317,500 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | (29,397) | (44,459) | (22,630) | |||
| Treasury stock, value | ||||||
| Accumulated other comprehensive loss | (12) | (5) | ||||
| Accumulated deficit | (29,391) | (44,460) | (22,631) | |||
| Other undisclosed equity, attributable to parent | 6 | 6 | 1 | |||
| Equity, attributable to noncontrolling interest | (7,149) | (13,815) | ||||
| Total equity: | (36,546) | (58,274) | (22,630) | |||
| TOTAL LIABILITIES AND EQUITY: | 155,295 | 111,645 | 318,033 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 185,360 | 164,957 | |||
| Cost of revenue (Cost of Product and Service Sold) | (57,877) | (54,575) | |||
| Gross profit: | 127,483 | 110,382 | |||
| Operating expenses | (98,826) | (165,502) | (3,122) | ||
| Other undisclosed operating loss | (5,602) | (200) | |||
| Operating income (loss): | 28,657 | (60,722) | (3,322) | ||
| Nonoperating income (expense) | (28,780) | 62,434 | |||
| Interest and debt expense | (445) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (123) | 1,267 | (3,322) | ||
| Other undisclosed income from continuing operations before income taxes | 445 | ||||
| Income (loss) from continuing operations before income taxes: | (123) | 1,712 | (3,322) | ||
| Income tax expense | (2,682) | (388) | |||
| Income (loss) from continuing operations: | (2,805) | 1,324 | (3,322) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (3,322) | |
| Net income (loss): | (2,805) | 1,324 | (3,322) | ||
| Net income (loss) attributable to noncontrolling interest | 6,121 | (2,293) | |||
| Other undisclosed net income attributable to parent | 14,435 | ||||
| Net income (loss) available to common stockholders, diluted: | 3,316 | (969) | 11,113 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (2,805) | 1,324 | (3,322) | ||
| Other undisclosed comprehensive income (loss) | 2,824 | ||||
| Comprehensive income (loss): | 19 | 1,324 | (3,322) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 6,121 | (2,293) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (8,937) | 2,292 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,797) | 1,323 | (3,322) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.