Elutia Inc. (ELUT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Elutia Inc. (ELUT) stock price & volume — 10-year historical chart
Elutia Inc. (ELUT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Elutia Inc. (ELUT) competitors in Regenerative Medicine and Tissue Engineering — business model, growth, and fundamentals comparison
Elutia Inc. (ELUT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Elutia Inc. (ELUT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 39.04M | 42.9M | 42.68M | 47.39M | 23.85M | 24.75M | 24.38M | 12.29M |
| Revenue Growth % | - | 9.9% | -0.51% | 11.03% | -49.68% | 3.76% | -1.5% | -49.57% |
| Cost of Goods Sold | 23.09M | 23.13M | 22.12M | 28.37M | 12.21M | 13.69M | 13.67M | 5.7M |
| COGS % of Revenue | 59.16% | 53.92% | 51.83% | 59.86% | 51.2% | 55.33% | 56.07% | 46.34% |
| Gross Profit | 15.95M▲ 0% | 19.77M▲ 24.0% | 20.56M▲ 4.0% | 19.02M▼ 7.5% | 11.64M▼ 38.8% | 11.05M▼ 5.0% | 10.71M▼ 3.1% | 6.6M▼ 38.4% |
| Gross Margin % | 40.84% | 46.08% | 48.17% | 40.14% | 48.8% | 44.67% | 43.93% | 53.66% |
| Gross Profit Growth % | - | 23.98% | 4.01% | -7.49% | -38.81% | -5.03% | -3.13% | -38.4% |
| Operating Expenses | 24.17M | 28.18M | 34.16M | 42.05M | 46.83M | 41.58M | 46.36M | 25.01M |
| OpEx % of Revenue | 61.9% | 65.68% | 80.03% | 88.74% | 196.35% | 168.03% | 190.19% | 203.43% |
| Selling, General & Admin | 21.68M | 25.78M | 28.21M | 32.51M | 33.9M | 27.19M | 31.2M | 20.84M |
| SG&A % of Revenue | 55.55% | 60.08% | 66.08% | 68.61% | 142.15% | 109.88% | 128.02% | 169.57% |
| Research & Development | 2.48M | 2.4M | 5.95M | 9.27M | 7.73M | 4.4M | 3.79M | 4.16M |
| R&D % of Revenue | 6.36% | 5.59% | 13.95% | 19.55% | 32.4% | 17.78% | 15.53% | 33.86% |
| Other Operating Expenses | 0 | 0 | 0 | 276K | 5.2M | 9.99M | 11.37M | 0 |
| Operating Income | -8.22M▲ 0% | -8.41M▼ 2.3% | -13.6M▼ 61.7% | -23.03M▼ 69.4% | -35.19M▼ 52.8% | -30.53M▲ 13.3% | -35.65M▼ 16.8% | -18.41M▲ 48.4% |
| Operating Margin % | -21.06% | -19.6% | -31.86% | -48.6% | -147.55% | -123.36% | -146.26% | -149.78% |
| Operating Income Growth % | - | -2.29% | -61.72% | -69.37% | -52.78% | 13.25% | -16.79% | 48.35% |
| EBITDA | -4.42M | -4.55M | -9.73M | -19.3M | -31.46M | -27.02M | -32.2M | -17.24M |
| EBITDA Margin % | -11.32% | -10.61% | -22.81% | -40.73% | -131.9% | -109.18% | -132.1% | -140.23% |
| EBITDA Growth % | - | -2.99% | -113.82% | -98.27% | -62.97% | 14.11% | -19.18% | 46.47% |
| D&A (Non-Cash Add-back) | 3.8M | 3.86M | 3.86M | 3.73M | 3.73M | 3.51M | 3.45M | 1.17M |
| EBIT | -6.02M | -6.53M | -16.17M | -19.45M | -31.03M | -35.42M | -49.34M | -18.41M |
| Net Interest Income | -5.52M | -5.38M | -5.63M | -5.32M | -5.12M | -5.8M | -4.78M | 387K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 5.52M | 5.38M | 5.63M | 5.32M | 5.12M | 5.8M | 4.78M | -387K |
| Other Income/Expense | -3.32M | -3.5M | -8.2M | -1.75M | -959K | -10.7M | -18.47M | 2.55M |
| Pretax Income | -11.54M▲ 0% | -11.91M▼ 3.2% | -21.8M▼ 83.0% | -24.78M▼ 13.7% | -36.15M▼ 45.9% | -41.22M▼ 14.0% | -54.12M▼ 31.3% | -15.86M▲ 70.7% |
| Pretax Margin % | -29.56% | -27.76% | -51.07% | -52.28% | -151.57% | -166.58% | -222.04% | -129% |
| Income Tax | 26K | 30K | 26K | 55K | 34K | 28K | 7K | 13K |
| Effective Tax Rate % | -0.23% | -0.25% | -0.12% | -0.22% | -0.09% | -0.07% | -0.01% | -0.08% |
| Net Income | -11.57M▲ 0% | -11.94M▼ 3.2% | -21.82M▼ 82.8% | -24.83M▼ 13.8% | -32.9M▼ 32.5% | -37.66M▼ 14.5% | -53.95M▼ 43.3% | 53.38M▲ 198.9% |
| Net Margin % | -29.63% | -27.83% | -51.13% | -52.4% | -137.94% | -152.18% | -221.33% | 434.23% |
| Net Income Growth % | - | -3.23% | -82.8% | -13.78% | -32.48% | -14.47% | -43.27% | 198.95% |
| Net Income (Continuing) | -11.57M | -11.94M | -21.82M | -24.83M | -36.18M | -41.25M | -54.13M | -15.87M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 3.29M | 3.59M | 180K | 69.25M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.08▲ 0% | -1.12▼ 3.7% | -2.13▼ 90.2% | -2.38▼ 11.7% | -2.38▲ 0.0% | -2.07▲ 13.0% | -1.86▲ 10.1% | 1.29▲ 169.4% |
| EPS Growth % | - | -3.7% | -90.18% | -11.74% | 0% | 13.03% | 10.14% | 169.35% |
| EPS (Basic) | -1.08 | -1.12 | -2.13 | -2.38 | -2.38 | -2.07 | -1.86 | 1.29 |
| Diluted Shares Outstanding | 10.67M | 10.67M | 10.23M | 10.44M | 13.83M | 18.16M | 29.07M | 45.94M |
| Basic Shares Outstanding | 10.67M | 10.67M | 10.23M | 10.44M | 13.83M | 18.16M | 29.07M | 41.42M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Elutia Inc. (ELUT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 18.14M | 18.45M | 59.71M | 47.43M | 50.7M | 31.25M | 26.17M | 55.82M |
| Cash & Short-Term Investments | 2.41M | 2.48M | 39.15M | 30.39M | 16.99M | 19.28M | 13.24M | 36.35M |
| Cash Only | 2.41M | 2.48M | 39.15M | 30.39M | 16.99M | 19.28M | 13.24M | 36.35M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.2M | 7.23M | 7.17M | 6M | 17.59M | 5.96M | 7.04M | 6.58M |
| Days Sales Outstanding | 67.32 | 61.5 | 61.28 | 46.18 | 269.16 | 87.9 | 105.36 | 195.37 |
| Inventory | 7.46M | 7.19M | 10.12M | 9.55M | 4.24M | 3.85M | 3.91M | 2.62M |
| Days Inventory Outstanding | 117.89 | 113.45 | 166.93 | 122.93 | 126.75 | 102.71 | 104.44 | 167.67 |
| Other Current Assets | 46K | 108K | 382K | 35K | 11.88M | 2.17M | 1.99M | 10.27M |
| Total Non-Current Assets | 29.61M | 26.33M | 23.1M | 19.74M | 18.14M | 12.18M | 9.96M | 6.53M |
| Property, Plant & Equipment | 870K | 988K | 1.16M | 1.2M | 565K | 504K | 1.68M | 5M |
| Fixed Asset Turnover | 44.87x | 43.42x | 36.73x | 39.49x | 42.21x | 49.10x | 14.49x | 2.46x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 25.26M | 21.86M | 18.47M | 15.07M | 11.67M | 8.27M | 1.53M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 28.74M | 76K | 76K | 76K | 2.51M | 0 | 0 | 0 |
| Total Assets | 47.74M▲ 0% | 44.77M▼ 6.2% | 82.81M▲ 85.0% | 67.17M▼ 18.9% | 68.84M▲ 2.5% | 43.43M▼ 36.9% | 36.13M▼ 16.8% | 62.35M▲ 72.6% |
| Asset Turnover | 0.82x | 0.96x | 0.52x | 0.71x | 0.35x | 0.57x | 0.67x | 0.20x |
| Asset Growth % | - | -6.22% | 84.96% | -18.89% | 2.49% | -36.92% | -16.81% | 72.59% |
| Total Current Liabilities | 13.35M | 18.27M | 26.78M | 26M | 42.62M | 43.04M | 37.8M | 25.14M |
| Accounts Payable | 1.59M | 2.49M | 2.05M | 1.58M | 1.37M | 3.19M | 4.15M | 9.14M |
| Days Payables Outstanding | 25.12 | 39.32 | 33.89 | 20.36 | 41.07 | 85.07 | 110.8 | 585.78 |
| Short-Term Debt | 6.46M | 5.92M | 12.82M | 12.82M | 0 | 3.32M | 1.71M | 4.75M |
| Deferred Revenue (Current) | 0 | 650K | 533K | 5K | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -1.26M | 2.75M | 2.75M | 2.75M | 31.28M | 26.77M | 24.83M | 11.24M |
| Current Ratio | 1.36x | 1.01x | 2.23x | 1.82x | 1.19x | 0.73x | 0.69x | 2.22x |
| Quick Ratio | 0.80x | 0.62x | 1.85x | 1.46x | 1.09x | 0.64x | 0.59x | 2.12x |
| Cash Conversion Cycle | 160.1 | 135.63 | 194.32 | 148.75 | 354.84 | 105.55 | 99 | -222.74 |
| Total Non-Current Liabilities | 77.8M | 81.61M | 35.2M | 27.65M | 31.26M | 38.99M | 44.59M | 9.54M |
| Long-Term Debt | 75.92M | 19.61M | 17.81M | 10.41M | 24.26M | 20.36M | 22.6M | 2.83M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 956K | 0 | 423K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.88M | 61.29M | 16.63M | 16.54M | 6.04M | 18.64M | 21.57M | 6.71M |
| Total Liabilities | 91.15M | 99.88M | 61.98M | 53.65M | 73.87M | 82.03M | 82.39M | 34.68M |
| Total Debt | 82.39M | 25.53M | 30.64M | 23.24M | 25.45M | 23.95M | 24.74M | 7.58M |
| Net Debt | 79.97M | 23.05M | -8.52M | -7.16M | 8.46M | 4.68M | 11.5M | -28.77M |
| Debt / Equity | - | - | 1.47x | 1.72x | - | - | - | 0.27x |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | -1.49x | -1.56x | -2.41x | -4.33x | -6.88x | -5.27x | -7.46x | - |
| Total Equity | -43.41M▲ 0% | -55.11M▼ 27.0% | 20.83M▲ 137.8% | 13.52M▼ 35.1% | -5.03M▼ 137.2% | -38.6M▼ 666.9% | -46.26M▼ 19.8% | 27.67M▲ 159.8% |
| Equity Growth % | - | -26.97% | 137.8% | -35.09% | -137.22% | -666.94% | -19.84% | 159.82% |
| Book Value per Share | -4.07 | -5.17 | 2.04 | 1.29 | -0.36 | -2.13 | -1.59 | 0.60 |
| Total Shareholders' Equity | -43.41M | -55.11M | 20.83M | 13.52M | -5.03M | -38.6M | -46.26M | 27.67M |
| Common Stock | 9K | 1K | 10K | 13K | 16K | 23K | 35K | 43K |
| Retained Earnings | -45M | -56.94M | -80.26M | -105.09M | -137.99M | -175.64M | -229.59M | -176.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -56.94M | -80.26M | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Elutia Inc. (ELUT) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -5.13M | -7.22M | -13.63M | -15.45M | -21.43M | -21.76M | -22.66M | -44.81M |
| Operating CF Margin % | -13.13% | -16.84% | -31.92% | -32.59% | -89.87% | -87.94% | -92.95% | -364.52% |
| Operating CF Growth % | - | -40.98% | -88.6% | -13.36% | -38.77% | -1.53% | -4.12% | -97.78% |
| Net Income | -11.57M | -11.94M | -21.82M | -24.83M | -32.9M | -37.66M | -53.95M | 53.38M |
| Depreciation & Amortization | 3.8M | 3.86M | 3.86M | 3.73M | 3.73M | 3.73M | 3.67M | 1.17M |
| Stock-Based Compensation | 0 | 208K | 779K | 3.54M | 3.65M | 2.44M | 7.89M | 4.4M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13K |
| Other Non-Cash Items | 9.02M | 1.12M | 6.22M | -254K | -1.63M | 661K | 15.64M | -103.77M |
| Working Capital Changes | 1.38M | -467K | -2.67M | 2.38M | 5.71M | 9.07M | 4.09M | 0 |
| Change in Receivables | -1.61M | -30K | 64K | 1.17M | -14.65M | 802K | 527K | 0 |
| Change in Inventory | 1.1M | 269K | -2.93M | 563K | -498K | -609K | -58K | 0 |
| Change in Payables | 352K | -627K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -190K | -577K | -640K | -369K | -540K | 14.21M | -474K | 78.56M |
| Capital Expenditures | -190K | -577K | -640K | -369K | -540K | -346K | -654K | 0 |
| CapEx % of Revenue | 0.49% | 1.34% | 1.5% | 0.78% | 2.26% | 1.4% | 2.68% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 14.55M | 180K | 78.56M |
| Cash from Financing | 6.99M | 7.98M | 51.21M | 6.71M | 8.54M | 9.84M | 17.09M | -10.64M |
| Debt Issued (Net) | -3.96M | 6.73M | 6.98M | -4.53M | 1.62M | -1.96M | -2M | 0 |
| Equity Issued (Net) | 442K | 1000K | 1000K | 1000K | 1000K | -32K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -32K | -1.19M | 0 |
| Other Financing | 10.51M | -1.03M | -2.24M | -2.51M | -3.18M | 11.83M | 20.28M | -10.64M |
| Net Change in Cash | 1.67M▲ 0% | 177K▼ 89.4% | 36.94M▲ 20771.2% | -9.1M▼ 124.6% | -13.44M▼ 47.6% | 2.29M▲ 117.0% | -6.04M▼ 364.0% | 23.11M▲ 482.8% |
| Free Cash Flow | -5.32M▲ 0% | -7.8M▼ 46.8% | -14.27M▼ 82.9% | -15.81M▼ 10.9% | -21.97M▼ 38.9% | -22.11M▼ 0.6% | -23.31M▼ 5.4% | -44.81M▼ 92.2% |
| FCF Margin % | -13.61% | -18.19% | -33.42% | -33.37% | -92.14% | -89.34% | -95.63% | -364.52% |
| FCF Growth % | - | -46.79% | -82.85% | -10.86% | -38.94% | -0.61% | -5.45% | -92.23% |
| FCF per Share | -0.50 | -0.73 | -1.40 | -1.51 | -1.59 | -1.22 | -0.80 | -0.98 |
| FCF Conversion (FCF/Net Income) | 0.44x | 0.61x | 0.62x | 0.62x | 0.65x | 0.58x | 0.42x | -0.84x |
| Interest Paid | 3.47M | 4.4M | 5.11M | 4.98M | 5.48M | 2.32M | 12.69M | 0 |
| Taxes Paid | 16K | 25K | 32K | 0 | 0 | 0 | 0 | 0 |
Elutia Inc. (ELUT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -104.77% | -144.57% | -775.14% | - | - | 192.9% |
| Return on Invested Capital (ROIC) | -16.86% | -280.05% | -82.81% | -184.94% | -539.1% | - | - | - |
| Gross Margin | 40.84% | 46.08% | 48.17% | 40.14% | 48.8% | 44.67% | 43.93% | 53.66% |
| Net Margin | -29.63% | -27.83% | -51.13% | -52.4% | -137.94% | -152.18% | -221.33% | 434.23% |
| Debt / Equity | - | - | 1.47x | 1.72x | - | - | - | 0.27x |
| Interest Coverage | -1.49x | -1.56x | -2.41x | -4.33x | -6.88x | -5.27x | -7.46x | - |
| FCF Conversion | 0.44x | 0.61x | 0.62x | 0.62x | 0.65x | 0.58x | 0.42x | -0.84x |
| Revenue Growth | - | 9.9% | -0.51% | 11.03% | -49.68% | 3.76% | -1.5% | -49.57% |
Elutia Inc. (ELUT) stock FAQ — growth, dividends, profitability & financials explained
Elutia Inc. (ELUT) reported $12.3M in revenue for fiscal year 2025. This represents a 69% decrease from $39.0M in 2018.
Elutia Inc. (ELUT) saw revenue decline by 49.6% over the past year.
Yes, Elutia Inc. (ELUT) is profitable, generating $53.4M in net income for fiscal year 2025 (434.2% net margin).
Elutia Inc. (ELUT) has a return on equity (ROE) of 192.9%. This is excellent, indicating efficient use of shareholder capital.
Elutia Inc. (ELUT) had negative free cash flow of $1.4M in fiscal year 2025, likely due to heavy capital investments.
Elutia Inc. (ELUT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates