biote Corp.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
BTMD$1.08-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net income (loss) | $46 | $(2,805) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 3,574 | 2,994 |
| Bad debt expense | 1,490 | 663 |
| Amortization of debt issuance costs | 819 | 794 |
| Write-off of capitalized software | — | 313 |
| Provision for (benefit from) obsolete inventory | 503 | (26) |
| Non-cash lease expense | 815 | 499 |
| Non-cash interest on share repurchase liability | 2,620 | — |
| Shares issued in settlement of litigation | — | 1,199 |
| Share-based compensation expense | 8,735 | 9,057 |
| Loss from change in fair value of warrant liability | — | 13,411 |
| Loss from change in fair value of earnout liabilities | 19,605 | 8,990 |
| Deferred income taxes | (2,898) | 721 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (2,267) | (505) |
| Inventory | 3,714 | (6,098) |
| Other assets | 2,882 | (5,418) |
| Accounts payable | 1,545 | (165) |
| Deferred revenue | 190 | 1,433 |
| Accrued expenses | 4,632 | 2,223 |
| Operating lease liabilities | (762) | (397) |
| Net cash provided by operating activities | 45,243 | 26,883 |
| Investing Activities | ||
| Purchases of property and equipment | (6,430) | (359) |
| Purchases of capitalized software | (526) | (2,354) |
| Acquisitions, net of cash acquired | (11,842) | — |
| Net cash used in investing activities | (18,798) | (2,713) |
| Financing Activities | ||
| Repurchases of common stock | (5,599) | — |
| Principal repayments on term loan | (6,250) | (6,250) |
| Payments on repurchase liability | (62,162) | — |
| Proceeds from exercise of stock options | 2,390 | 420 |
| Issuance of stock under purchase plan | 282 | 144 |
| Distributions | (4,744) | (8,694) |
| Net cash used in financing activities | (76,083) | (14,380) |
| Effect of exchange rate changes on cash and cash equivalents | (22) | (19) |
| Net increase (decrease) in cash and cash equivalents | (49,660) | 9,771 |
| Cash and cash equivalents at beginning of period | 89,002 | 79,231 |
| Cash and cash equivalents at end of period | $39,342 | $89,002 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest | $9,535 | $9,476 |
| Cash paid for income taxes | $2,593 | $4,426 |
| Non-cash investing and financing activities | ||
| Capital expenditures and capitalized software included in accounts payable | $50 | $208 |
| Shares issued to acquire Simpatra | $1,841 | $— |
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