Avanos Medical, Inc. (AVNS) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	715.9M	701.2M	687.8M	673.3M	684.1M
Cost of Revenue	368.3M	352.2M	306.5M	293.6M	289.9M
Gross Profit	347.6M	349.0M	381.3M	379.7M	394.2M
Operating Expenses
R&D Expense	22.9M	23.1M	26.2M	27.2M	30.6M
SG&A Expense	290.1M	218.3M	315.1M	287.5M	323.1M
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	91.3M	169.2M	—	—	—
Total Operating Expenses	404.3M	410.6M	341.3M	314.7M	352.3M
Cost and Expenses	772.6M	762.8M	647.8M	608.3M	642.2M
Operating Income (EBIT)	(56.7M)	(61.6M)	40.0M	65.0M	41.9M
Non-Operating
Interest Income	1.9M	3.2M	5.1M	2.9M	1.2M
Interest Expense	7.2M	4.0M	12.2M	15.0M	10.0M
Net Interest Income	(5.3M)	(800.0K)	(7.1M)	(12.1M)	(8.8M)
Other Non-Op Income/Expense	(11.6M)	(4.6M)	(443.3M)	(72.9M)	(15.2M)
Non-Operating Income (excl Interest)	4.4M	600.0K	431.1M	57.9M	5.2M
EBT (Pre-Tax Income)	(68.3M)	(66.2M)	(403.3M)	(7.9M)	26.7M
Income Tax Expense	1.1M	1.7M	(17.0M)	2.0M	5.2M
Bottom Line
Net Income	(69.4M)	(67.9M)	(392.1M)	(61.8M)	50.5M
Earnings from Cont. Ops	(69.4M)	(67.9M)	(386.3M)	(9.9M)	21.5M
Earnings from Discont. Ops	—	—	(5.8M)	(51.9M)	29.0M
Bottom Line Net Income	(69.4M)	(67.9M)	(392.1M)	(61.8M)	50.5M
Per Share
Basic EPS	($1.50)	($1.46)	($8.53)	($1.33)	$1.08
Diluted EPS	($1.50)	($1.46)	($8.53)	($1.33)	$1.07
Revenue Per Share	$15.43	$15.11	$14.95	$14.45	$14.59
Shares
Basic Shares Outstanding	46.4M	46.4M	46.0M	46.6M	46.9M
Diluted Shares Outstanding	46.4M	46.4M	46.0M	46.6M	47.3M
Profitability Metrics
EBITDA	(21.6M)	(33.2M)	(345.6M)	50.6M	77.8M
D&A	39.5M	29.0M	45.5M	43.5M	41.1M
EBIT	(61.1M)	(62.2M)	(391.1M)	7.1M	36.7M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026