ORTHOPEDIATRICS CORP
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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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, 2025 · Filed Oct 29, 2025
KIDS$33.48-1.5%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 -
(Unaudited) (In Thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(29,545) | $(21,753) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Goodwill and other intangible asset impairments | 4,163 | — |
| Depreciation and amortization | 15,517 | 15,087 |
| Stock-based compensation | 13,362 | 9,660 |
| Loss on early extinguishment of debt | — | 3,230 |
| Accretion of acquisition installment payable | 105 | 599 |
| Deferred income taxes | 120 | (3,907) |
| Non-cash other | (88) | — |
| Changes in certain operating assets and liabilities: | ||
| Accounts receivable - trade | (8,270) | (5,178) |
| Inventories | (7,893) | (14,154) |
| Prepaid expenses and other current assets | 176 | (2,134) |
| Accounts payable - trade | (1,961) | (1,768) |
| Accrued expenses and other liabilities | 790 | 308 |
| Other | (1,675) | (3,051) |
| Net cash used in operating activities | (15,199) | (23,061) |
| INVESTING ACTIVITIES | ||
| Acquisition of Boston O&P, net of cash acquired | — | (20,225) |
| Acquisitions, net of cash acquired | (8,852) | (475) |
| Sale of short-term marketable securities | — | 49,855 |
| Investment in private companies | (2,007) | (380) |
| Purchase of short-term marketable securities | (15,000) | (25,000) |
| Purchases of property and equipment | (10,511) | (14,525) |
| Net cash used in investing activities | (36,370) | (10,750) |
| FINANCING ACTIVITIES | ||
| Proceeds from issuance of debt | 25,000 | 73,533 |
| Payments on mortgage notes | (119) | (113) |
| Payment of debt issuance costs | — | (3,085) |
| Payment on debt | — | (12,231) |
| Installment payment for ApiFix | — | (2,250) |
| Installment payment for MedTech | — | (1,250) |
| Payments on clinic acquisition notes | (489) | (928) |
| Net cash provided by financing activities | 24,392 | 53,676 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 284 | 153 |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (26,893) | 20,018 |
| Cash, cash equivalents and restricted cash, beginning of year | $45,777 | $33,027 |
| Cash, cash equivalents and restricted cash, end of period | $18,884 | $53,045 |
| 2025 | 2024 | |
|---|---|---|
| SUPPLEMENTAL DISCLOSURES | ||
| Cash paid for interest | $4,562 | $1,381 |
| Transfer of instruments between property and equipment and inventory | $1,881 | $966 |
| Issuance of common shares for ApiFix installment | $— | $6,929 |
| Issuance of common shares for MedTech installment | $226 | $133 |
| Issuance of common shares to settle an obligation with a vendor | $1,261 | $— |
| Right-of-use assets obtained in exchange for lease liabilities | $4,812 | $3,220 |
| Issuance of common shares in connection with Boston O&P acquisition | $233 | $— |
| Capital contribution associated with reclassification of MedTech liability to equity | $2,062 | $— |
| Debt issuance costs not yet paid | $— | $260 |
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