Elutia Inc. (ELUT) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	12.1M	12.3M	24.4M	24.7M	23.8M
Cost of Revenue	5.1M	5.7M	13.7M	13.7M	12.2M
Gross Profit	7.0M	6.6M	10.7M	11.1M	11.6M
Operating Expenses
R&D Expense	6.8M	4.2M	3.8M	4.4M	7.7M
SG&A Expense	16.9M	20.8M	31.2M	27.2M	33.9M
General & Admin Expense	15.1M	15.1M	18.7M	14.1M	16.1M
Selling & Marketing Expense	1.8M	5.8M	12.5M	13.1M	17.9M
Other Expenses	6.9M	—	11.4M	10.0M	5.2M
Total Operating Expenses	30.6M	25.0M	46.4M	41.6M	46.8M
Cost and Expenses	35.7M	30.7M	60.0M	55.3M	59.0M
Operating Income (EBIT)	(23.5M)	(18.4M)	(35.7M)	(30.5M)	(35.2M)
Non-Operating
Interest Income	35.0K	—	—	—	—
Interest Expense	(3.5M)	(387.0K)	4.8M	5.8M	5.1M
Net Interest Income	3.5M	387.0K	(4.8M)	(5.8M)	(5.1M)
Other Non-Op Income/Expense	1.2M	2.6M	(18.5M)	(10.7M)	(959.0K)
Non-Operating Income (excl Interest)	2.3M	(2.2M)	13.7M	4.9M	(4.2M)
EBT (Pre-Tax Income)	(22.4M)	(15.9M)	(54.1M)	(41.2M)	(36.1M)
Income Tax Expense	75.0K	13.0K	7.0K	28.0K	34.0K
Bottom Line
Net Income	51.8M	53.4M	(53.9M)	(37.7M)	(32.9M)
Earnings from Cont. Ops	(22.4M)	(15.9M)	(54.1M)	(41.2M)	(36.2M)
Earnings from Discont. Ops	74.2M	69.3M	180.0K	3.6M	3.3M
Bottom Line Net Income	46.7M	40.0M	(53.9M)	(37.7M)	(32.9M)
Per Share
Basic EPS	$1.30	$1.29	($1.86)	($2.07)	($2.38)
Diluted EPS	$0.94	$0.87	($1.86)	($2.07)	($2.38)
Revenue Per Share	$0.28	$0.30	$0.84	$1.36	$1.72
Shares
Basic Shares Outstanding	43.6M	41.4M	29.1M	18.2M	13.8M
Diluted Shares Outstanding	43.6M	45.9M	29.1M	18.2M	13.8M
Profitability Metrics
EBITDA	(24.1M)	(13.5M)	(45.9M)	(31.9M)	(27.3M)
D&A	1.7M	2.8M	3.5M	3.5M	3.7M
EBIT	(25.8M)	(16.2M)	(49.3M)	(35.4M)	(31.0M)

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 Jun 1, 2026