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biote Corp
NASDAQ:BTMD

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biote Corp
NASDAQ:BTMD
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Price: 1.59 USD 11.19% Market Closed
Market Cap: $62.9m

biote Corp
Investor Relations

biote Corp. is a woman-led company, which engages in providing bio identical hormone pellet therapy. The company is headquartered in Irving, Texas. The company went IPO on 2021-03-02. The firm provides components to enable Biote-certified practitioners to establish, build, and implement a program designed to optimize hormone levels using personalized solutions for their patient populations. Its Biote Method is a comprehensive, end-to-end practice-building platform that provides Biote-certified practitioners with components specifically developed for practitioners in the hormone optimization space, such as Biote Method education, training and certification, practice management software, inventory management software, and information regarding available hormone replacement therapy (HRT) products, as well as digital and point-of-care marketing support. The firm trains practitioners how to identify and treat early indicators of hormone-related aging conditions. The company also sells a complementary Biote-branded line of dietary supplements.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 11, 2026
AI Summary
Q4 2025

Revenue: Q4 revenue was $46.4 million, down 6.9% YoY, driven by a 13% decline in procedure revenue to $31.8 million while dietary supplement revenue grew 16% to $11.7 million.

Margins: Gross margin fell to 68.0% (from 71.8%) largely because of a $1.3 million inventory charge tied to a voluntary pellet recall; adjusted EBITDA fell to $11.7 million (25.2% margin).

Recall & manufacturing: Management initiated a voluntary partial recall and is working with the FDA; Asteria (internal 503B site) accounts for roughly 50% of pellet supply versus a peak of 54% in Q3.

Commercial actions: Company rebuilt its commercial organization, grew the salesforce to over 90 and plans to expand to ~120 reps in 2026 to drive new clinic starts and reduce attrition.

Investments & near-term impact: Biote will invest materially in sales and its technology platform in 2026; management expects these investments to pressure adjusted EBITDA in 2026 but to drive procedure revenue improvement starting in H2.

2026 outlook: Revenues forecast above $190 million and adjusted EBITDA greater than $38 million; procedure revenue expected to decline mid- to high-single digits in H1 then return to YoY growth in H2, supplements to grow mid- to high-single digits.

Key Financials
Revenue
$46.4 million
Procedure revenue
$31.8 million
Dietary supplement revenue
$11.7 million
Gross profit margin
68.0%
Selling, general and administrative expenses
$24.7 million
Net income
$2.6 million
Diluted earnings per share
$0.06
Adjusted EBITDA
$11.7 million
Adjusted EBITDA margin
25.2%
Cash flow from operations (2025)
$35.2 million
Cash and cash equivalents
$24.1 million
2026 revenue guidance
above $190 million
Asteria pellet share (current)
~50%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Marc D. Beer
Executive Chairman
No Bio Available
Ms. Teresa S. Weber
CEO & Director
No Bio Available
Ms. Mary Elizabeth Conlon
VP of Business Development, General Counsel & Corporate Secretary
No Bio Available
Mr. Robert C. Peterson
Chief Financial Officer
No Bio Available
Mr. John J. Olsen
Chief Information Officer
No Bio Available
Mr. James Elliott Gibbs II
Chief People Officer
No Bio Available
Mr. Richard Kevin Key
Chief Digital Officer
No Bio Available
Mr. Jade Beutler
Head of Nutraceuticals
No Bio Available
Dr. Cory Rice D.O.
Chief Clinical Advisor & Member of Medical Advisory Board
No Bio Available

Contacts

Address
TEXAS
Irving
1875 W. Walnut Hill Ln #100, Floor 5
Contacts
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