Bioventus Inc.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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FY2025 · Filed Mar 5, 2026
BVS$11.18+1.5%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
(Amounts in thousands)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating activities: | |||
| Net income (loss) | $27,274 | $(47,049) | $(195,625) |
| Less: Loss from discontinued operations, net of tax | — | — | (74,429) |
| Income (loss) from continuing operations | 27,274 | (47,049) | (121,196) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | |||
| Depreciation and amortization | 47,011 | 49,555 | 57,365 |
| Provision (benefit) for expected credit losses | 1,256 | (434) | (1,103) |
| Equity-based compensation | 12,673 | 13,274 | 2,722 |
| Change in fair value of contingent consideration | — | 1,423 | 719 |
| Impairments of assets | — | 36,357 | 78,615 |
| Loss on extinguishment | 326 | — | — |
| Loss on disposals | 81 | 292 | 3,577 |
| Deferred income taxes | (909) | (5,394) | (2,377) |
| Unrealized (gain) loss on foreign currency fluctuations | (360) | (259) | 665 |
| Other, net | 1,161 | 2,810 | 1,707 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (916) | (10,666) | 10,055 |
| Inventory | 8,569 | (16,435) | (5,991) |
| Accounts payable and accrued expenses | (19,814) | 17,846 | (5,275) |
| Other current and noncurrent assets and liabilities | (1,679) | (2,525) | (1,970) |
| Net cash from operating activities - continuing operations | 74,673 | 38,795 | 17,513 |
| Net cash from operating activities - discontinued operations | — | — | (2,169) |
| Net cash from operating activities | 74,673 | 38,795 | 15,344 |
| Investing activities: | |||
| (Settlement) proceeds from the sale of a business | (686) | 24,678 | 34,675 |
| Purchase of property and equipment | (2,562) | (1,006) | (7,362) |
| Investments and acquisition of distribution rights | — | (709) | — |
| Net cash from investing activities - continuing operations | (3,248) | 22,963 | 27,313 |
| Net cash from investing activities - discontinued operations | — | — | (11,506) |
| Net cash from investing activities | (3,248) | 22,963 | 15,807 |
| Financing activities: | |||
| Proceeds from issuance of Class A and B common stock | 2,074 | 2,442 | 778 |
| Tax withholdings on equity-based compensation | (9) | — | — |
| Receipt of deferred consideration | — | 4,500 | — |
| Payment of contingent consideration | (19,771) | — | — |
| Borrowing on revolver | 45,000 | — | 64,000 |
| Payment on revolver | (45,000) | (15,000) | (49,000) |
| Proceeds from the issuance of long-term debt, net of discount | 31,907 | — | — |
| Payments on the extinguishment of long-term debt | (65,765) | — | — |
| Debt financing costs | (697) | (1,180) | (3,661) |
| Payments on long-term debt | (9,052) | (44,584) | (38,264) |
| Other, net | (827) | (758) | (506) |
| Net cash from financing activities | (62,140) | (54,580) | (26,653) |
| Effect of exchange rate changes on cash | 371 | (2,560) | 629 |
| Net change in cash and cash equivalents | 9,656 | 4,618 | 5,127 |
| Cash and cash equivalents at the beginning of the period | 41,582 | 36,964 | 31,837 |
| Cash and cash equivalents at the end of the period | $51,238 | $41,582 | $36,964 |
| Supplemental disclosure of noncash investing and financing activities | |||
| Accrued liabilities for distribution rights and member distributions | $— | $— | $709 |
| Accounts payable for purchase of property, plant and equipment | $240 | $42 | $1,311 |
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