Elutia Inc. (ELUT) Financial Statements (2026 and earlier)

Company Profile

Business Address 12510 PROSPERITY DRIVE
SILVER SPRING, MD 20904
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,35013,23919,27616,98930,39339,150
Cash and cash equivalent36,35013,23919,27616,98930,39339,150
Restricted cash and investments     35382
Receivables1,7342,2763,2636,8305,9967,166
Inventory, net of allowances, customer advances and progress billings2,6173,9113,85310,0529,55410,117
Inventory2,6173,9113,85310,0529,55410,117
Other undisclosed current assets15,1176,7464,86116,8281,4502,892
Total current assets:55,81826,17231,25350,69947,42859,707
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,5117731721,4031,2001,162
Intangible asset, including goodwill, after accumulated amortization1,5298,27311,67115,06918,46621,865
Intangible asset, excluding goodwill, after accumulated amortization1,5298,27311,67115,06918,46621,865
Other noncurrent assets2,4929093321,6707676
Total noncurrent assets:6,5329,95512,17518,14219,74223,103
TOTAL ASSETS:62,35036,12743,42868,84167,17082,810
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,14311,25311,77012,4317,9578,377
Accounts payable4,7914,1492,2852,3281,5822,054
Accrued liabilities4,3527,1049,48510,1036,3756,323
Deferred revenue     5533
Debt  1,2503,321 16,11812,620
Estimated litigation liability11,24120,43215,02417,360  
Other liabilities355460275682  
Other undisclosed current liabilities4,4004,40012,64712,1421,9215,249
Total current liabilities:25,13937,79543,03742,61526,00126,779
Noncurrent Liabilities
Long-term debt and lease obligation  22,60320,35624,26010,41017,811
Long-term debt, excluding current maturities  22,60320,35624,26010,41017,811
Liabilities, other than long-term debt3,5874235151,083698756
Deferred revenue      756
Other liabilities   515127698 
Operating lease, liability3,587423 956  
Other undisclosed noncurrent liabilities5,95221,56618,1205,91616,54016,633
Total noncurrent liabilities:9,53944,59238,99131,25927,64835,200
Total liabilities:34,67882,38782,02873,87453,64961,979
Equity
Equity, attributable to parent, including:27,672(46,260)(38,600)(5,033)13,52120,831
Additional paid in capital203,842183,298137,021132,939118,599101,080
Accumulated deficit(176,213)(229,593)(175,644)(137,988)(105,091)(80,259)
Other undisclosed equity, attributable to parent433523161310
Total equity:27,672(46,260)(38,600)(5,033)13,52120,831
TOTAL LIABILITIES AND EQUITY:62,35036,12743,42868,84167,17082,810

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues12,29324,37524,74549,18747,39042,682
Cost of revenue
(Cost of Product and Service Sold)		(5,697)(13,668)(13,692)(29,965)(28,368)(22,121)
Gross profit:6,59610,70711,05319,22219,02220,561
Operating expenses(33,507)(46,358)(41,579)(50,962)(42,054)(34,160)
Operating loss:(26,911)(35,651)(30,526)(31,740)(23,032)(13,599)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(2,758)1,186(4,899)4,1593,579(2,567)
Interest and debt expense(1,287)(4,779)(5,796)(5,282)(5,324)(5,633)
Loss from continuing operations before equity method investments, income taxes:(30,956)(39,244)(41,221)(32,863)(24,777)(21,799)
Other undisclosed income (loss) from continuing operations before income taxes15,098(14,878)    
Loss from continuing operations before income taxes:(15,858)(54,122)(41,221)(32,863)(24,777)(21,799)
Income tax expense(13)(7)(28)(34)(55)(26)
Loss from continuing operations:(15,871)(54,129)(41,249)(32,897)(24,832)(21,825)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(24,832)(21,825)
Income from discontinued operations69,2511803,593   
Net income (loss) attributable to parent:53,380(53,949)(37,656)(32,897)(24,832)(21,825)
Preferred stock dividends and other adjustments      (3,510)
Other undisclosed net loss available to common stockholders, basic(53,327)     
Net income (loss) available to common stockholders, basic:53(53,949)(37,656)(32,897)(24,832)(25,335)
Other undisclosed net income available to common stockholders, diluted39,903     
Net income (loss) available to common stockholders, diluted:39,956(53,949)(37,656)(32,897)(24,832)(25,335)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):53,380(53,949)(37,656)(32,897)(24,832)(21,825)
Comprehensive income (loss), net of tax, attributable to parent:53,380(53,949)(37,656)(32,897)(24,832)(21,825)

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.

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