MiMedx Group Inc (MDXG) Financial Statements (2025 and earlier)

Company Profile

Business Address 1775 W OAK COMMONS COURT, NE
MARIETTA, GA 30062
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments104,41682,00065,95087,08395,81269,069
Cash and cash equivalent104,41682,00065,95087,08395,81269,069
Receivables55,82853,87143,78841,09645,46832,345
Inventory, net of allowances, customer advances and progress billings23,80721,02113,18311,38910,3619,104
Inventory23,80721,02113,18311,38910,3619,104
Prepaid expense5,0185,6248,6466,1465,6056,669
Other current assets2,8171,7452,6312,8093,3716,058
Total current assets:191,886164,261134,198148,523160,617123,245
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  5198145  
Operating lease, right-of-use asset5,6062,1323,4004,6963,6233,397
Property, plant and equipment     11,43712,328
Intangible assets, net (including goodwill)31,06724,69825,82825,35925,98027,753
Goodwill19,44119,44119,97619,97619,97619,976
Intangible assets, net (excluding goodwill)11,6265,2575,8525,3836,0047,777
Deferred income tax assets28,30640,777    
Other noncurrent assets1,106205148186375443
Other undisclosed noncurrent assets5,9446,9237,7589,020  
Total noncurrent assets:72,02974,78637,23239,40641,41543,921
TOTAL ASSETS:263,915239,047171,430187,929202,032167,166
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,42118,40919,87140,79257,69253,463
Employee-related liabilities23,59518,46721,302
Accounts payable7,4099,0488,8477,3858,765 
Accrued liabilities9,0129,36111,0249,81230,46032,161
Debt1,0005349  3,750
Disposal group, including discontinued operation  1,352    
Business combination, contingent consideration, liability 1,421     
Other liabilities3,0863,8941,8341,5651,4701,399
Other undisclosed current liabilities23,66722,30021,803  8,710
Total current liabilities:45,59546,00843,55742,35759,16267,322
Noncurrent Liabilities
Long-term debt and lease obligation17,83048,09948,59448,12747,69761,906
Long-term debt, excluding current maturities17,83048,09948,59448,12747,69761,906
Liabilities, other than long-term debt7,3832,2234,7734,8693,7553,540
Other liabilities7,3832,2234,7734,8693,7553,540
Total noncurrent liabilities:25,21350,32253,36752,99651,45265,446
Total liabilities:70,80896,33096,92495,353110,614132,768
Temporary equity, including noncontrolling interest   92,49492,49491,568 
Equity
Equity, attributable to parent193,107142,717(17,988)82(150)34,398
Common stock147146114113113113
Treasury stock, value    (4,017)(7,449)(10,806)
Additional paid in capital284,219276,249173,804165,695158,610147,231
Accumulated deficit(91,259)(133,678)(191,906)(161,709)(151,424)(102,140)
Total equity:193,107142,717(17,988)82(150)34,398
TOTAL LIABILITIES AND EQUITY:263,915239,047171,430187,929202,032167,166

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues348,879321,477267,841258,615248,234299,255
Cost of revenue
(Cost of Product and Service Sold)
(60,073)(54,634)(48,316)(43,283)(39,330)(43,081)
Gross profit:288,806266,843219,525215,332208,904256,174
Operating expenses(238,639)(224,551)(232,319)(216,523)(193,810)(210,830)
Other undisclosed operating income (loss)8,698(5,176)(12,177)(3,844)(60,492)(66,504)
Operating income (loss):58,86537,116(24,971)(5,035)(45,398)(21,160)
Nonoperating income (expense)2,367(26)(4)(23)(3)283
Investment income, nonoperating2,932     
Other nonoperating income (expense)(565)(26)(4)(23)(3)283
Interest and debt expense(3,938)(7)(10)(13)(8,201)(6,650)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (7,941)1,942
Income (loss) from continuing operations before equity method investments, income taxes:57,29437,083(24,985)(5,071)(61,543)(25,585)
Other undisclosed income (loss) from continuing operations before income taxes (6,450)(5,006)(4,967)  
Income (loss) from continuing operations before income taxes:57,29430,633(29,991)(10,038)(61,543)(25,585)
Income tax expense (benefit)(15,296)36,806(206)(247)12,2595
Income (loss) from continuing operations:41,99867,439(30,197)(10,285)(49,284)(25,580)
Loss before gain (loss) on sale of properties:(10,285)(49,284)(25,580)
Net income (loss):41,99867,439(30,197)(10,285)(49,284)(25,580)
Other undisclosed net income (loss) attributable to parent421(9,211)    
Net income (loss) attributable to parent:42,41958,228(30,197)(10,285)(49,284)(25,580)
Preferred stock dividends and other adjustments  (11,643)(6,580)   
Other undisclosed net loss available to common stockholders, basic    (6,136)(34,044) 
Net income (loss) available to common stockholders, basic:42,41946,585(36,777)(16,421)(83,328)(25,580)
Convertible preferred dividends  6,466    
Dilutive securities, effect on basic earnings per share  6,466    
Net income (loss) available to common stockholders, diluted:42,41959,517(36,777)(16,421)(83,328)(25,580)

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):41,99867,439(30,197)(10,285)(49,284)(25,580)
Comprehensive income (loss), net of tax, attributable to parent:41,99867,439(30,197)(10,285)(49,284)(25,580)

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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