Significant Revenue Growth
Q3 sales increased to $60.1 million, growing 23.5% compared to the same period last year. The growth was driven by expanding adoption of nerve care across all target markets.
Gross Margin Improvement
Gross margin increased to 76.6%, up from 74.9% in the same period last year and up from 74.2% in the second quarter of 2025, driven by lower inventory write-offs and reduced shipping costs.
Positive Adjusted EBITDA
Adjusted EBITDA for the quarter was $9.2 million, with a margin improvement to 15.4% from 13.3% in the same period last year, driven by revenue growth and increased operating leverage.
Surgeon Training and Adoption
AxoGen trained 97 surgeons in Extremities year-to-date and 57 in OMF and head and neck, exceeding targets, and saw a 20% increase in surgeons performing breast resensation procedures.
Increased Coverage and Reimbursement
Noncoverage policies removed within Blue Cross Blue Shield network and Medicare Advantage, with an estimated 1.1 million newly covered lives in Q3 and 18.1 million YTD.