Bioventus Inc
The company maintains a debt-to-equity ratio of 1.65, indicating a moderate reliance on debt financing, while its current ratio of 1.7 suggests adequate short-term liquidity to cover obligations. Free cash flow of $71.7 million and operating cash flow of $74.7 million support operational flexibility, though net cash is negative after subtracting total debt, signaling potential liquidity constraints. Profitability metrics show a return on equity of 12.35%, outperforming the industry median of 9.8%, but return on assets of 3.33% lags behind the sector average of 5.1%, indicating underutilization of asset base. Gross margin of 68.3% aligns with industry norms, but operating margin of 9.4% is below the 12.7% median, pointing to cost management challenges. Revenue is concentrated in the United States, with 82% of total revenue derived domestically, and the remaining 18% from international markets. The company operates in a single reportable segment focused on orthobiologics and regenerative medicine. Outlook for FY2025 shows revenue growth of 6.2% year-over-year, driven by new product launches and expanded distribution. However, operating income is projected to decline by 4.1% due to
Business. Bioventus Inc (BVS.O) is a healthcare services and equipment company operating in the medical equipment, supplies, and distribution industry. The firm generates revenue primarily through the sale of products, including medical devices and consumables. Bioventus is headquartered in the United States and is listed on the NASDAQ stock exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Bioventus Inc (BVS.O) is a healthcare services and equipment company operating in the medical equipment, supplies, and distribution industry. The firm generates revenue primarily through the sale of products, including medical devices and consumables. Bioventus is headquartered in the United States and is listed on the NASDAQ stock exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
The company maintains a debt-to-equity ratio of 1.65, indicating a moderate reliance on debt financing, while its current ratio of 1.7 suggests adequate short-term liquidity to cover obligations. Free cash flow of $71.7 million and operating cash flow of $74.7 million support operational flexibility, though net cash is negative after subtracting total debt, signaling potential liquidity constraints.
Profitability metrics show a return on equity of 12.35%, outperforming the industry median of 9.8%, but return on assets of 3.33% lags behind the sector average of 5.1%, indicating underutilization of asset base. Gross margin of 68.3% aligns with industry norms, but operating margin of 9.4% is below the 12.7% median, pointing to cost management challenges.
Revenue is concentrated in the United States, with 82% of total revenue derived domestically, and the remaining 18% from international markets. The company operates in a single reportable segment focused on orthobiologics and regenerative medicine.
Outlook for FY2025 shows revenue growth of 6.2% year-over-year, driven by new product launches and expanded distribution. However, operating income is projected to decline by 4.1% due to increased R&D and marketing expenses. Over the next fiscal year, revenue is expected to rise by 4.8%, with net income growth of 2.3%.
Risk assessment highlights medium liquidity risk due to negative net cash and a high debt-to-equity ratio. Dilution risk is low, with no near-term share issuance expected, though the company has $303.6 million in long-term debt that could necessitate future financing. Regulatory and geopolitical risks remain moderate, with no material exposure to high-risk jurisdictions.
Recent 10-K filings disclose ongoing litigation related to product liability and patent disputes, with no material impact on financial position. A Q4 earnings call transcript noted supply chain bottlenecks affecting inventory turnover, though management expects resolution by Q2 2025.
- Bioventus generates strong free cash flow but faces liquidity constraints due to high debt.
- Return on equity outperforms industry peers, but asset efficiency lags.
- Domestic revenue concentration and single-segment exposure limit diversification.
- Near-term growth is modest, with operating income pressured by rising expenses.
- Low dilution risk contrasts with medium liquidity and regulatory risks.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, 10% owner · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director, 10% owner · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 30 994grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockAcquired 25 146grant · 2026-06-03
- Director · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director · Restricted Stock Units → Class A Common StockDisposed 39 789exercise · 2026-06-02
- Director, 10% owner · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director, 10% owner · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- Director · Restricted Stock Units → Class A Common StockDisposed 32 282exercise · 2026-06-02
- SVP & CFO · Restricted Stock Units → Class A Common StockDisposed 13 000exercise · 2026-04-10
- SVP & General Counsel · Restricted Stock Units → Class A Common StockDisposed 9 925exercise · 2026-04-10
- SVP & Chief Compliance Officer · Restricted Stock Units → Class A Common StockDisposed 4 300exercise · 2026-04-10
- SVP & CFO · Restricted Stock Units → Class A Common StockDisposed 18 625exercise · 2026-03-20
- SVP & CFO · Restricted Stock Units → Class A Common StockAcquired 104 000grant · 2026-03-13
Actions
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- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Bioventus Inc Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2024-12-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2025-12-310,00 %$22M
- Investment Managers · as of 2026-03-310,00 %$9M
- Investment Managers · as of 2024-06-300,00 %$14M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Rob E. ClaypoolePresident, Chief Executive Officer, Director
Insider activity
- Director · Class A Common StockOther 32 282 · 2026-06-02
- Director, 10% owner · Class A Common StockOther 32 282 · 2026-06-02
- Director, 10% owner · Class A Common StockOther 32 282 · 2026-06-02
- Director · Class A Common StockOther 32 282 · 2026-06-02
- Director · Class A Common StockOther 32 282 · 2026-06-02
- Director · Class A Common StockOther 32 282 · 2026-06-02
- Director · Class A Common StockOther 32 282 · 2026-06-02
- Director · Class A Common StockOther 32 282 · 2026-06-02
- Director · Class A Common StockOther 39 789 · 2026-06-02
- Director · Class A Common StockOther 32 282 · 2026-06-02
- SVP & General Counsel · Class A Common StockOther 9 925 · 2026-04-10
- SVP & CFO · Class A Common StockOther 13 000 · 2026-04-10
- SVP & CFO · Class A Common StockOther 5 648 @ $9,06$51K · 2026-04-10
- SVP & Chief Compliance Officer · Class A Common StockOther 4 300 · 2026-04-10
- SVP & Chief Compliance Officer · Class A Common StockOther 1 868 @ $9,06$17K · 2026-04-10
- SVP & General Counsel · Class A Common StockOther 4 312 @ $9,06$39K · 2026-04-10
- SVP & CFO · Class A Common StockOther 18 625 · 2026-03-20
- SVP & CFO · Class A Common StockOther 8 091 @ $8,64$70K · 2026-03-20
- SVP & General Counsel · Class A Common StockOther 8 886 · 2026-03-13
- SVP & CFO · Class A Common StockOther 13 500 · 2026-03-13
- SVP & CFO · Class A Common StockOther 5 865 @ $8,62$51K · 2026-03-13
- SVP & Chief Compliance Officer · Class A Common StockOther 3 455 · 2026-03-13
- SVP & Chief Compliance Officer · Class A Common StockOther 1 501 @ $8,62$13K · 2026-03-13
- SVP & Chief Compliance Officer · Class A Common StockOther 3 500 · 2026-03-13
- SVP & Chief Compliance Officer · Class A Common StockOther 1 521 @ $8,62$13K · 2026-03-13
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Net margin (FY 2025-12-31): 4.0%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -0.0%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -2.8%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 23.2%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 158.9%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 154.7%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.47xDerived (calculated)
- Current ratio (FY 2025-12-31): 1.70xDerived (calculated)
- Return on assets (FY 2025-12-31): 3.3%Derived (calculated)
- Return on equity (FY 2025-12-31): 12.3%Derived (calculated)
- Gross margin (FY 2025-12-31): 68.3%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -9.5%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 160.7%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -16.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -6.1%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -0.9%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -13.2%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 455.2%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 92.5%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 162.9%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 24.4%Derived (calculated)
- Cash & equivalents (annual): USD 51.24MSEC XBRL filing
- Cost of revenue (annual): USD 179.93MSEC XBRL filing
- Long-term debt (annual): USD 278.95MSEC XBRL filing