AXGN · 10-Q · 2026Q1 · Full report

Operating Cash Flow Improvement

Axogen, Inc. · 2026-04-28 · Importance 65 · Surprise 82

Net cash provided by operating activities was $1,565 during the three months ended March 31, 2026 as compared to net cash used in operating activities of $13,179 during the three months ended March 31, 2025.,The increase in net cash provided by operating activities of $14,744, or 111.9%, was primarily due to a net favorable change in non-cash charges and working capital accounts of $20,487 and $10,179, respectively, partially offset by an increase in net loss of $15,750.,Improved working capital and non-cash adjustments were the main drivers converting prior year operating cash use into positive operating cash flow in Q1 2026.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
cashpositiverealized+5.1%The increase in net cash provided by operating activities of $14,744, or 111.9%, was primarily due to a net favorable change in non-cash…