biote Corp.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 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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Condensed Consolidated Statements of Cash Flows
(in thousands) (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating Activities | ||
| Net income (loss) | $(4,183) | $28,980 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,971 | 2,719 |
| Bad debt (recovery) expense | (1,022) | 1,586 |
| Amortization of debt issuance costs | 548 | 618 |
| Provision for (recovery of) obsolete inventory | (422) | 931 |
| Non-cash lease expense | 752 | 405 |
| Non-cash interest on share repurchase liability | — | 2,728 |
| Share-based compensation expense | 5,070 | 6,723 |
| Gain from change in fair value of earnout liabilities | (2,362) | (11,776) |
| Loss on extinguishment of debt | 648 | — |
| Deferred income taxes | 1,623 | 1,039 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 605 | (1,927) |
| Inventory | 1,721 | (2,532) |
| Other assets | (3,248) | 1,652 |
| Accounts payable | 915 | (1,454) |
| Deferred revenue | (1,024) | (116) |
| Accrued expenses | 4,548 | (1,471) |
| Payments pursuant to TRA | (196) | (93) |
| Operating lease liabilities | (532) | (387) |
| Net cash provided by operating activities | 6,412 | 27,625 |
| Investing Activities | ||
| Purchases of property and equipment | (5,496) | (3,938) |
| Purchases of capitalized software | (1,325) | (562) |
| Net cash used in investing activities | (6,821) | (4,500) |
| Financing Activities | ||
| Repurchases of Class A common stock | (7,225) | (3,365) |
| Borrowings on revolving loans | 12,500 | — |
| Repayments on revolving loans | (17,500) | — |
| Principal repayments on term loan | (2,344) | (4,687) |
| Borrowings on term loan | 125,000 | — |
| Extinguishment of debt | (101,562) | — |
| Debt issuance costs | (4,250) | — |
| Payments on repurchase liability | (18,500) | (25,081) |
| Proceeds from exercise of stock options | — | 226 |
| Issuance of stock under purchase plan | 47 | 72 |
| Distributions | (1,029) | (1,589) |
| Net cash used in financing activities | (14,863) | (34,424) |
| Effect of exchange rate changes on cash and cash equivalents | — | 5 |
| Net decrease in cash and cash equivalents | (15,272) | (11,294) |
| Cash and cash equivalents at beginning of period | 24,123 | 39,342 |
| Cash and cash equivalents at end of period | $8,851 | $28,048 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest | $5,729 | $6,045 |
| Cash paid for income taxes | $2,154 | $2,233 |
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