Elutia
Develops drug-eluting biomatrices for surgical reconstruction and implanted-device complications.
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Profile
Develops drug-eluting biological matrices and sells the SimpliDerm franchise for surgical reconstruction. After selling legacy Orthobiologics and CIED businesses, it is focused on the NXT-41 and NXT-41x pipeline, whose advancement depends on FDA authorization.
Develops drug-eluting biologics, combining local drug delivery with biological materials for surgical applications. The remaining commercial franchise is SimpliDerm, while NXT-41 and NXT-41x are being advanced for complications associated with implanted devices.
After rebranding from Aziyo Biologics and selling the Orthobiologics and CIED businesses, operations narrowed around this platform. The Gaithersburg, Maryland site supports development and is intended for commercial production if FDA authorizations are obtained.
Production, laboratory, and administrative activities are concentrated at the Gaithersburg site. Advancement of NXT-41 and NXT-41x and future commercial production depend on FDA authorization.
Company facts
Categories
Key statistics
Year to date +37.7% · Average volume (30d) 58.5K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.15 | −$0.17 | −13.3% | $2.9M | $2.4M | −16.3% | +9.38% |
| May 14, 2026Q1 FY26 | −$0.15 | −$0.17 | −13.3% | $3.0M | $3.1M | +3.8% | −0.96% |
| Mar 11, 2026Q4 FY25 | −$0.14 | −$0.14 | 0.0% | $3.3M | $3.3M | −0.9% | +5.50% |
| Nov 6, 2025Q3 FY25 | −$0.16 | −$0.01 | +93.5% | $3.3M | $3.3M | +0.7% | −5.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.0M | $6.3M | $3.3M | $3.3M | $3.1M | $2.4M | |
| Gross profit | $2.5M | $3.1M | $1.9M | $1.9M | $1.8M | $1.4M | |
| Operating income | −$7.9M | −$9.9M | −$4.4M | −$5.5M | −$5.7M | −$8.0M | |
| Net income | −$3.9M | −$9.6M | −$3.9M | $70.8M | −$7.5M | −$7.6M | |
| Diluted EPS | −$0.21 | −$0.26 | −$0.19 | $1.48 | −$0.17 | −$0.18 | |
| Gross margin | 40.7% | 48.8% | 55.8% | 58.5% | 57.9% | 59.6% | |
| Operating margin | -131.4% | -157.7% | -131.1% | -167.9% | -184.4% | -327.9% |
Fiscal years (4-quarter sums)FY22 $42.6M · FY23 $24.7M · FY24 $24.4M · FY25 $18.9M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $19.9M · Total debt $10.8M · Total assets $43.6M · Shareholders' equity $15.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 44.21M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| HighCape Capital, L.P. · director, 10 percent owner: | 9.52M | 21.53% | Form 4 | Mar 13, 2025 |
| Nantahala Capital Management, LLC | 4.12M | 9.99% | 13G | Feb 13, 2026 |
| Orin Hirschman | 3.07M | 7.60% | 13G | Jan 28, 2026 |
| Knollwood Investment Advisory, LLC | 2.56M | 6.30% | 13G | Feb 13, 2026 |
| SilverArc Capital Management, LLC | 1.78M | 5.90% | 13G | Feb 12, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 30, 2026 | Guido J. Neels | director | +20,000 | $1.04 |
| Jan 30, 2026 | Kevin Rakin | director, 10 percent owner: | +70,000 | $1.06 |
| Jan 28, 2026 | Guido J. Neels | director | +15,000 | $1.06 |
| Jan 29, 2026 | Guido J. Neels | director | +15,000 | $1.06 |
| Dec 17, 2025 | Kevin Rakin | director, 10 percent owner: | +50,000 | $0.5199 |
Peers
- AbbVie
Human and animal-derived dermal matrices for surgical reconstruction
- Stryker
Human acellular dermal matrix for soft-tissue reconstruction
- Integra LifeSciences
Animal-derived biological mesh for soft-tissue reinforcement
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Elutia | $0.8800 | −0.18% | $38.9M | 0.9 | — | 3.2 | −61.3% |
| AbbVie | $255.80 | +0.13% | $451.38B | 72.0 | 16.8 | 7.0 | +10.2% |
| Stryker | $334.18 | +1.06% | $126.77B | 34.3 | 20.6 | 4.9 | +9.4% |
| Integra LifeSciences | $16.89 | 0.00% | $1.31B | — | 6.6 | 0.8 | +0.8% |
| Median | 53.1 | 16.8 | 4.9 | +9.4% |





