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Financial statements

ORTHOPEDIATRICS CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ORTHOPEDIATRICS CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue37.345.657.672.671.198122149205236
Cost of revenue10.911.214.917.91624.631.637.556.163.7
Gross profit26.434.542.754.65573.490.7111149173
Research and development2.223.424.735.755.275.548.4510.9119.1
Selling and marketing16.720.526.631.331.939.746.152.864.372.7
General and administrative11.61720.926.738.346.157.973.3103120
Operating expenses32.540.952.263.781.891.4116138184212
Operating income-6.13-6.47-9.55-9.08-26.8-18-25.4-26.8-35-39.2
Interest expense1.482.492.263.543.410.062.42-0.22.626
Other non-operating income-0.45-2.46-2.47-3.61-6.910.6421.75.44-6.920.05
Pre-tax income-8.95-12-12.7-33.7-17.4-3.69-21.3-41.9-39.2
Income tax0000-0.72-1.13-4.95-0.34-4.110.46
Income from continuing operations-6.57-8.93-12-12.7-32.9-16.31.26-21-37.8-39.6
Net income-6.57-8.93-12-13.7-32.9-16.31.26-21-37.8-39.6
EBITDA-4.23-4.07-6.66-4.41-18.7-7.34-12.3-9.37-15.9-18.1
EPS, basic-7.14-5.86-0.96-0.94-1.82-0.840.06-0.92-1.64-1.69
EPS, diluted-7.14-5.86-0.96-0.94-1.82-0.840.06-0.92-1.64-1.69
Shares, basic (weighted)1.744.0212.614.618.119.320.722.723.123.5
Shares, diluted (weighted)1.744.0212.614.618.119.320.922.723.123.5

Balance sheet

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents1.6142.660.770.828.87.648.9931.143.819.6
Short-term investments055.145.910949.32541.3
Receivables4.15.691617.217.924.834.642.453.8
Inventory25.7385357.678.2106117134
Other current assets0.230.831.261.462.623.233.973.757.025.88
Total current assets20.869.697.2128158134227226237256
Property, plant and equipment8.5910.412.821.327.228.534.34150.649.6
Lease right-of-use assets0.30.261.088.2412
Goodwill013.870.572.386.883.793.8109
Intangible assets1.262.352.1814.550.355.56569.364.464.8
Other non-current assets02.9410.415.7
Total assets30.782.3112182320304428439473509
Accounts payable3.545.53.976.47109.3311.212.68.9118.8
Accrued liabilities2.222.913.554.354.545.356.7411.313.913.7
Short-term debt0.110.110.120.120.130.140.140.150.91.87
Total current liabilities7.259.479.2213.73529.730.941.73446.2
Long-term debt17.425.321.226.11.040.910.769.917399.8
Lease liabilities0.060.665.668.94
Other non-current liabilities00.060.320.290.491.115.899.54
Total liabilities24.734.830.439.885.678.949.161.7119162
Total debt17.525.521.326.21.181.040.9111.177.5106
Paid-in capital12.8150197271389395561580601622
Retained earnings-78.1-115-115-129-162-178-177-198-236-275
Treasury stock0
Other comprehensive income00.14-0.62-07.918.49-5.4-5.53-10.8-0.52
Shareholders' equity-65.347.581.7142235225379377355347
Total equity-65.347.581.7142235225379377355347
Total liabilities and equity30.782.3112182320304428439473509
Shares outstanding2.4212.614.516.719.619.722.923.424.225.1

Cash flow statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-6.57-8.93-12-13.7-32.9-16.31.26-21-37.8-39.6
Depreciation and amortization1.92.412.894.678.0110.713.117.419.121.1
Stock-based compensation1.253.483.192.66.25.846.6810.513.517.8
Deferred income tax00-0.72-5.03-1.16-4.74-0.15
Change in inventory-4.41-4.8-9.77-12.1-5.05-16.9-26.3-13.2-8.47
Change in payables1.541.95-1.522.43.07-0.57-0.211.49-4.288.17
Cash from operations-1.12-7.22-15.6-17.8-18.5-13.1-21.8-27-27-4.85
Capital expenditures-4.35-5.21-5.25-11.8-10.5-8.1-10-16.9-14.3-11.1
Acquisitions0000000-20.20
Purchases of investments00-550-110-48.6-25-15
Sales and maturities of investments09.2546.911349.90
Cash from investing-4.75-6.54-5.97-61.9-69.7-7.41-11341.7-13.2-43.6
Debt issued4.57.9903000319.4273.525
Debt repaid-0.1-0.08-0.110-12.20
Stock issued053.843.46070.20139000
Dividends paid0-5.9700
Cash from financing3.654.739.79146.70.011367.353.124
Exchange rate effect000.01-0.4-0.660.620.63-0.180.35
Net change in cash-2.274118.111.3-41.9-21.11.4622.612.8-24.2
Free cash flow-5.47-12.4-20.8-29.6-29-21.2-31.8-43.9-41.3-16
Interest paid1.482.492.264.231.230.060.70.042.756.52
Income taxes paid0.320.590.17

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $22.55 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin73.7%Gross profit / revenue.
Operating margin-11.9%Operating income / revenue.
EBITDA margin-3.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-15.6%Pre-tax income / revenue.
Net margin-15.7%Net income / revenue.
FCF margin-0.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin2.9%Cash from operations / revenue.
Return on equity (ROE)-11.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-7.8%Net income / average total assets.
Return on invested capital (ROIC)-5.5%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue3.6%Research and development expense / revenue.
Stock-based pay / revenue6.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue3.7%Capital expenditures / revenue.
D&A / revenue8.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y15.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y24.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y27.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y16.2%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y24.0%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y25.7%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-2.2%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-2.9%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y8.1%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y7.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y5.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y9.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y1.7%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y3.8%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y5.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio4.78xCurrent assets / current liabilities.
Quick ratio2.02x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.87x(Cash + short-term investments) / current liabilities.
Debt / equity0.31xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets20.7%Total debt / total assets.
Liabilities / assets32.8%Total liabilities / total assets.
Net debt$59.9MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-3.58xOperating income / interest expense.
Working capital$199.7MCurrent assets - current liabilities.
Goodwill and intangibles / assets35.6%(Goodwill + intangible assets) / total assets.
Tangible book value$161.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.49xRevenue / average total assets.
Fixed asset turnover5.21xRevenue / average property, plant and equipment.
Inventory turnover0.48xCost of revenue / average inventory.
Days inventory754 days365 x average inventory / cost of revenue.
Receivables turnover4.15xRevenue / average receivables.
Days sales outstanding88 days365 x average receivables / revenue.
Days payables122 days365 x average accounts payable / cost of revenue.
Cash conversion cycle720 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow124.8%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.65Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$10.51Revenue / diluted weighted shares.
FCF per share-$0.08Free cash flow / diluted weighted shares.
Operating cash flow per share$0.31Cash from operations / diluted weighted shares.
Book value per share$14.29Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$6.71Tangible book value / shares outstanding.
Cash per share$1.91(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$588.8MShare price x shares outstanding.
Enterprise value$648.6MMarket cap + total debt - cash - short-term investments.
P/S2.33xMarket cap / revenue.
P/B1.71xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book3.65xMarket cap / tangible book value, when positive.
P/OCF79.5xMarket cap / cash from operations, when positive.
EV/Sales2.57xEnterprise value / revenue.
FCF yield-0.3%Free cash flow / market cap.
Earnings yield-6.7%Net income / market cap (the inverse of P/E).
What was ORTHOPEDIATRICS CORP's revenue in fiscal 2025?

ORTHOPEDIATRICS CORP reported revenue of $236.3M for fiscal 2025, 15.4% higher than the year before.

Was ORTHOPEDIATRICS CORP profitable in fiscal 2025?

No. It reported a net loss of $39.6M.

How much free cash flow did ORTHOPEDIATRICS CORP generate in fiscal 2025?

Cash from operations of $4.9M minus capital expenditures of $11.1M left free cash flow of -$16.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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