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biote Corp.

For the period ended Dec 31, 2025. Filed Mar 13, 2026.

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About this filing

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.

FY2025 · Filed Mar 13, 2026

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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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Year Ended December 31,
20252024
Operating Activities
Net income$31,597$46
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization3,6703,574
Bad debt expense1,7211,490
Amortization of debt issuance costs833819
Provision for obsolete inventory2,023503
Non-cash lease expense545815
Non-cash interest on share repurchase liability3,1842,620
Share-based compensation expense8,9218,735
(Gain) loss from change in fair value of earnout liabilities(13,023)19,605
Deferred income taxes3,975(2,898)
Changes in operating assets and liabilities:
Accounts receivable(958)(2,267)
Inventory(6,242)3,714
Other assets1,6942,882
Accounts payable1,0131,545
Deferred revenue(400)190
Accrued expenses(2,743)4,632
Payments pursuant to TRA(93)—
Operating lease liabilities(523)(762)
Net cash provided by operating activities35,19445,243
Investing Activities
Purchases of property and equipment(5,015)(6,430)
Purchases of capitalized software(1,849)(526)
Acquisitions, net of cash acquired—(11,842)
Net cash used in investing activities(6,864)(18,798)
Financing Activities
Repurchases of Class A common stock(3,365)(5,599)
Borrowings on revolving loans5,000—
Principal repayments on term loan(6,250)(6,250)
Payments on repurchase liability(37,581)(62,162)
Proceeds from exercise of stock options2262,390
Issuance of stock under purchase plan142282
Distributions(1,727)(4,744)
Net cash used in financing activities(43,555)(76,083)
Effect of exchange rate changes on cash and cash equivalents6(22)
Net decrease in cash and cash equivalents(15,219)(49,660)
Cash and cash equivalents at beginning of period39,34289,002
Cash and cash equivalents at end of period$24,123$39,342
Supplemental Disclosure of Cash Flow Information
Cash paid for interest$7,877$9,535
Cash paid for income taxes$2,752$2,593
Non-cash investing and financing activities
Capital expenditures and capitalized software included in accounts payable$—$50
Shares issued to acquire Simpatra$—$1,841
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.