Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 12%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%

Low stock price volatility
Vol 12M is 43%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.

Weak multi-year price returns
2Y Excs Rtn is -85%, 3Y Excs Rtn is -110%

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -33%

Key risks
MDXG key risks include [1] its history of financial fraud allegations, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 12%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42%
4 Low stock price volatility
Vol 12M is 43%
5 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.
6 Weak multi-year price returns
2Y Excs Rtn is -85%, 3Y Excs Rtn is -110%
7 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -33%
8 Key risks
MDXG key risks include [1] its history of financial fraud allegations, Show more.

MDXG in ETFs

Weight = MDXG's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
XBI0.11%
IWO0.02%
VTWO0.01%
DFAS0.01%
SCHA0.01%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/1/2026

MiMedx (MDXG) stock has lost about 25% since 2/28/2026 because of the following key factors:

1. MiMedx reported a significant deterioration in its Q1 2026 financial results, moving from profitability to a net loss. The company posted a GAAP net loss of $11 million, or $0.07 per share, compared to a GAAP net income of $7 million, or $0.05 per share, in the prior year period. Additionally, adjusted EBITDA turned negative at -$12 million, or 20% of net sales, a sharp decline from the positive $17 million, or 20% of net sales, reported in the same quarter last year. Total net sales also fell by 33% year-over-year to $59 million.

2. The company faced substantial headwinds in its wound care business due to adverse changes in Medicare reimbursement and issues with prior authorization processes. These challenges, specifically the shift from Average Sales Price (ASP) to a fixed-price cap for CMS reimbursement, the abrupt non-implementation of Local Coverage Determinations (LCDs), and a problematic WISeR prior-authorization rollout, severely impacted claims processing and provider utilization in the key wound care market.

Show more
Updated on 6/1/2026

MiMedx (MDXG) stock has lost about 25% since 2/28/2026 because of the following key factors:

1. MiMedx reported a significant deterioration in its Q1 2026 financial results, moving from profitability to a net loss. The company posted a GAAP net loss of $11 million, or $0.07 per share, compared to a GAAP net income of $7 million, or $0.05 per share, in the prior year period. Additionally, adjusted EBITDA turned negative at -$12 million, or 20% of net sales, a sharp decline from the positive $17 million, or 20% of net sales, reported in the same quarter last year. Total net sales also fell by 33% year-over-year to $59 million.

2. The company faced substantial headwinds in its wound care business due to adverse changes in Medicare reimbursement and issues with prior authorization processes. These challenges, specifically the shift from Average Sales Price (ASP) to a fixed-price cap for CMS reimbursement, the abrupt non-implementation of Local Coverage Determinations (LCDs), and a problematic WISeR prior-authorization rollout, severely impacted claims processing and provider utilization in the key wound care market.

3. Several financial analysts downgraded their price targets for MiMedx, reflecting a more cautious outlook following the challenging Q1 2026 results. For instance, Citizens lowered its price target from $10 to $7 on April 20, 2026, and further reduced it to $6 on April 30, 2026. Craig-Hallum also revised its price target from $10 to $7 on April 17, 2026, while maintaining a "Buy" rating.

4. An investor alert and investigation by the Pomerantz Law Firm were announced, potentially signaling legal scrutiny and contributing to investor uncertainty. On May 23, 2026, the Pomerantz Law Firm initiated an investigation into claims on behalf of investors of MiMedx Group, Inc., indicating potential concerns regarding the company's disclosures or practices.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -24.9% change in MDXG stock from 2/28/2026 to 6/21/2026 was primarily driven by a -32.1% change in the company's Net Income Margin (%).
(LTM values as of)22820266212026Change
Stock Price ($)4.893.67-24.9%
Change Contribution By: 
Total Revenues ($ Mil)419389-7.0%
Net Income Margin (%)11.6%7.9%-32.1%
P/E Multiple14.917.719.1%
Shares Outstanding (Mil)148148-0.2%
Cumulative Contribution-24.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/21/2026
ReturnCorrelation
MDXG-24.9% 
Market (SPY)9.2%40.1%
Sector (XLV)-6.4%44.5%

Fundamental Drivers

The -46.7% change in MDXG stock from 11/30/2025 to 6/21/2026 was primarily driven by a -28.9% change in the company's P/E Multiple.
(LTM values as of)113020256212026Change
Stock Price ($)6.883.67-46.7%
Change Contribution By: 
Total Revenues ($ Mil)393389-1.0%
Net Income Margin (%)10.4%7.9%-24.0%
P/E Multiple24.917.7-28.9%
Shares Outstanding (Mil)148148-0.3%
Cumulative Contribution-46.7%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/21/2026
ReturnCorrelation
MDXG-46.7% 
Market (SPY)9.9%34.2%
Sector (XLV)-4.4%37.2%

Fundamental Drivers

The -42.9% change in MDXG stock from 5/31/2025 to 6/21/2026 was primarily driven by a -30.9% change in the company's Net Income Margin (%).
(LTM values as of)53120256212026Change
Stock Price ($)6.433.67-42.9%
Change Contribution By: 
Total Revenues ($ Mil)35238910.5%
Net Income Margin (%)11.4%7.9%-30.9%
P/E Multiple23.617.7-24.7%
Shares Outstanding (Mil)147148-0.8%
Cumulative Contribution-42.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/21/2026
ReturnCorrelation
MDXG-42.9% 
Market (SPY)28.1%32.3%
Sector (XLV)14.6%27.8%

Fundamental Drivers

The -37.4% change in MDXG stock from 5/31/2023 to 6/21/2026 was primarily driven by a -41.4% change in the company's P/S Multiple.
(LTM values as of)53120236212026Change
Stock Price ($)5.863.67-37.4%
Change Contribution By: 
Total Revenues ($ Mil)28138938.8%
P/S Multiple2.41.4-41.4%
Shares Outstanding (Mil)114148-22.9%
Cumulative Contribution-37.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/21/2026
ReturnCorrelation
MDXG-37.4% 
Market (SPY)85.7%28.1%
Sector (XLV)22.9%23.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MDXG Return-33%-54%215%10%-30%-47%-60%
Peers Return16%-32%22%1%-5%-5%-12%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
MDXG Win Rate67%33%67%50%17%17% 
Peers Win Rate56%40%58%48%48%37% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
MDXG Max Drawdown-65%-58%-35%-37%-40%-54% 
Peers Max Drawdown-36%-51%-34%-37%-46%-37% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ORGO, IART, SYK, VCEL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

EventMDXGS&P 500
2024 Yen Carry Trade Unwind
  % Loss-10.2%-7.8%
  % Gain to Breakeven11.4%8.5%
  Time to Breakeven9 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-25.5%-9.5%
  % Gain to Breakeven34.2%10.5%
  Time to Breakeven15 days24 days
2023 SVB Regional Banking Crisis
  % Loss-32.0%-6.7%
  % Gain to Breakeven47.1%7.1%
  Time to Breakeven21 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-57.9%-24.5%
  % Gain to Breakeven137.5%32.4%
  Time to Breakeven244 days427 days
2020 COVID-19 Crash
  % Loss-56.9%-33.7%
  % Gain to Breakeven131.9%50.9%
  Time to Breakeven267 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-62.0%-19.2%
  % Gain to Breakeven163.5%23.8%
  Time to Breakeven376 days105 days

Compare to ORGO, IART, SYK, VCEL

In The Past

MiMedx's stock fell -10.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 11.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMDXGS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-25.5%-9.5%
  % Gain to Breakeven34.2%10.5%
  Time to Breakeven15 days24 days
2023 SVB Regional Banking Crisis
  % Loss-32.0%-6.7%
  % Gain to Breakeven47.1%7.1%
  Time to Breakeven21 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-57.9%-24.5%
  % Gain to Breakeven137.5%32.4%
  Time to Breakeven244 days427 days
2020 COVID-19 Crash
  % Loss-56.9%-33.7%
  % Gain to Breakeven131.9%50.9%
  Time to Breakeven267 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-62.0%-19.2%
  % Gain to Breakeven163.5%23.8%
  Time to Breakeven376 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-25.8%-12.2%
  % Gain to Breakeven34.8%13.9%
  Time to Breakeven60 days62 days
2013 Taper Tantrum
  % Loss-43.0%-0.2%
  % Gain to Breakeven75.4%0.2%
  Time to Breakeven90 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.4%-17.9%
  % Gain to Breakeven34.0%21.8%
  Time to Breakeven137 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-25.9%-15.4%
  % Gain to Breakeven35.0%18.2%
  Time to Breakeven50 days125 days
2008-2009 Global Financial Crisis
  % Loss-90.6%-53.4%
  % Gain to Breakeven962.5%114.4%
  Time to Breakeven1388 days1085 days

Compare to ORGO, IART, SYK, VCEL

In The Past

MiMedx's stock fell -10.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 11.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About MiMedx (MDXG)

MiMedx Group, Inc. (MDXG) is a biotechnology company focused on developing and distributing innovative solutions derived from human placental tissues. The company utilizes its patented and proprietary PURION process to convert these tissues into allografts, which are biological grafts from one human to another. This advanced processing method employs aseptic techniques alongside terminal sterilization to preserve the tissue's inherent biological properties and beneficial regulatory proteins, ensuring both efficacy and safety.

MiMedx offers a diverse portfolio of allograft products designed to address various medical needs. Its flagship products include EpiFix, a semi-permeable barrier membrane widely used for treating chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers. Other key products are AmnioFix, a semi-permeable barrier allograft for surgical recovery; EpiCord and AmnioCord, dehydrated human umbilical cord allografts that create a protective environment for healing in advanced wound care and surgical applications; and AMNIOBURN, specifically formulated for the treatment of partial and full-thickness burns. The company also offers mdHACM, a micronized powder form of AmnioFix.

The primary markets and customers for MiMedx's products are within critical healthcare sectors, including advanced wound care, burn treatment, surgical recovery, and non-operative sports medicine. Additionally, the company supplies allografts for dental applications on an original equipment manufacturer (OEM) basis. MiMedx primarily sells its products throughout the United States, utilizing a multi-channel distribution strategy that includes a direct sales force, independent sales agents, and independent distributors.

AI Analysis | Feedback

Here are 1-2 brief analogies for MiMedx (MDXG):

  • Like a specialized Amgen (AMGN) for advanced tissue and wound repair.
  • Similar to Organogenesis (ORGO), but focused on placental tissue products for healing.

AI Analysis | Feedback

  • EpiFix: A semi-permeable protective barrier membrane used for treating chronic wounds like diabetic foot and pressure ulcers.
  • AmnioFix: A semi-permeable protective barrier allograft made from dehydrated human amnion/chorion membrane for surgical recovery applications.
  • EpiCord and AmnioCord: Dehydrated human umbilical cord allografts used to provide a protective environment for healing in advanced wound care and surgical recovery.
  • AMNIOBURN: A semi-permeable protective barrier allograft specifically used in the treatment of partial-thickness and full-thickness burns.
  • mdHACM: A micronized, powder form of AMNIOFIX.

AI Analysis | Feedback

MiMedx (MDXG) sells its products primarily to healthcare organizations and professionals rather than directly to individuals or a few named major corporate customers. Its sales approach, utilizing a direct sales force, independent sales agents, and distributors, indicates a broad customer base across various healthcare sectors. The major categories of customers it serves include:

  • Hospitals and Surgical Centers: These institutions utilize MiMedx products for surgical recovery applications, burn treatment (e.g., AMNIOBURN), and advanced wound care within inpatient and outpatient settings.
  • Specialized Wound Care Clinics: These facilities are key customers for products like EpiFix, which treats chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers.
  • Sports Medicine and Orthopedic Clinics: These practices use MiMedx's allografts for non-operative sports medicine applications and surgical recovery.

AI Analysis | Feedback

null

AI Analysis | Feedback

Joseph H. Capper, Chief Executive Officer

Mr. Capper joined MiMedx in January 2023. He brings nearly 30 years of experience in MedTech and Life Sciences leadership roles. Mr. Capper previously served as CEO of BioTelemetry, where he led a significant turnaround that culminated in its acquisition by Royal Philips for $2.8 billion. Prior to BioTelemetry, he was President and CEO of both Home Diagnostics and CCS Medical. Earlier in his career, he held several leadership roles at Bayer AG and served as an officer in the U.S. Navy as a naval aviator.

Doug Rice, Chief Financial Officer

Mr. Rice joined MiMedx in July 2023. He has more than a decade of experience in the MedTech industry. Most recently, he served as the CFO of Orthofix Medical. Prior to Orthofix, Mr. Rice was CFO at Vision Source and held various finance leadership roles at McAfee and Concentra. He began his career at PricewaterhouseCoopers and is a Certified Public Accountant.

Ricci S. Whitlow, Chief Operating Officer

Ms. Whitlow joined MiMedx in January 2023. She brings over 30 years of Life Sciences and Pharmaceutical experience, with a background in operational leadership. Her prior roles include President, Clinical Supply Services at Catalent Pharma Solutions, and leadership positions at Optinose, LifeCell, Kinetic Concepts, and Johnson & Johnson.

Kim Moller, Chief Commercial Officer

Ms. Moller was promoted to Chief Commercial Officer in June 2024, having served as Senior Vice President of Sales since August 2020. She has nearly three decades of experience in sales leadership, including successfully executing strategic growth plans for prominent healthcare companies such as 3M and its subsidiaries Acelity and KCI.

William Frank Hulse, General Counsel and Chief Administrative Officer

Mr. Hulse joined MiMedx in December 2019, bringing over two decades of experience in large law firms and life sciences organizations, with significant legal, risk management, compliance, and operational expertise. Before MiMedx, he was a member of Dykema, a national law firm. Prior to that, he held various roles of increasing responsibility at Acelity, LP, Inc. (formerly Kinetic Concepts, Inc.), including Chief Compliance Officer and Senior Vice President for Enterprise Risk Management, Quality, and Regulatory, and also served as Division General Counsel.

AI Analysis | Feedback

The key risks to MiMedx (MDXG) primarily stem from its reliance on evolving healthcare reimbursement policies, the highly competitive nature of its market, and ongoing legal and intellectual property challenges.

  1. Medicare Reimbursement Changes: MiMedx faces significant uncertainty and potential market disruption due to upcoming changes in Medicare reimbursement policies, particularly the "2026 Regulatory Cliff" for its regenerative biomaterial products and skin substitutes. The Centers for Medicare and Medicaid Services (CMS) is implementing new payment approaches, including fixed reimbursement rates and adjustments to Local Coverage Determinations (LCDs), which are anticipated to lead to price pressure and a potential temporary stall in revenue growth. This regulatory shift is a major concern, as the company is highly dependent on the U.S. market. While MiMedx is proactively adapting its product mix and leveraging its platform to manage this transition, it remains a significant near-term headwind, impacting 2026 revenue guidance.
  2. Intense Market Competition: The regenerative medicine and wound care industries in which MiMedx operates are highly competitive. The company competes with numerous established tissue processors, medical device manufacturers, and new entrants, some of whom offer high-priced, clinically unproven skin substitutes. This intense competition can lead to customer and sales force attrition and necessitates continuous innovation and product differentiation for MiMedx to maintain its market share. Changes in CMS policies, such as the withdrawal of certain LCDs, could also intensify competitive pressures.
  3. Legal and Intellectual Property (IP) Challenges: MiMedx has a history of legal disputes, including ongoing litigation with competitors and former employees, which results in increased general and administrative expenses and poses risks to the company's reputation. The company’s business relies on its proprietary PURION process and an extensive patent portfolio, which it actively defends through lawsuits against alleged infringers. However, the ability to fully protect its intellectual property is uncertain, and there is an inherent risk of becoming subject to infringement claims from other parties. While past favorable rulings demonstrate their commitment to IP defense, ongoing legal battles can consume significant financial and management resources.

AI Analysis | Feedback

null

AI Analysis | Feedback

MiMedx Group, Inc. (MDXG) operates in several significant addressable markets for its placental tissue allografts, primarily in wound care, surgical recovery, burn treatment, and sports medicine. Here are the estimated addressable market sizes for MiMedx's main products and services: * **Advanced Wound Care and Surgical Markets:** The combined addressable market for MiMedx's products in the United States and Japan is estimated at $3.9 billion. MiMedx itself estimates the combined U.S. wound and surgical market for its products to be currently $2.0 billion ($1.1 billion in wound; $0.9 billion in surgical) and anticipates it will grow at an annual rate of 7-10% from 2023. * **Global Wound Care Market:** This market was valued at USD 24.08 billion in 2025 and is projected to reach USD 33.62 billion by 2033, growing at a CAGR of 4.28% from 2026 to 2033. Another estimate places the global wound care market at USD 22.37 billion in 2025, projected to reach USD 41.22 billion by 2034 with a CAGR of 7.05%. North America held the largest share of this market, accounting for 46.88% in 2025. * **Global Advanced Wound Care Management Market:** This market was estimated to be worth USD 10.65 billion in 2024 and is projected to reach USD 17.50 billion by 2035, with a CAGR of 4.62%. North America is expected to generate the highest demand in this market. Another report valued the global advanced wound care market at USD 13.32 billion in 2025, expecting it to grow to USD 23.33 billion by 2034 with a CAGR of 6.52%. North America dominated with a valuation of USD 5.66 billion in 2025. * **Skin Substitutes Market:** This market, a key segment for MiMedx, is projected to grow from $1.1 billion in 2021 to $2.0 billion by 2026, with a compound annual growth rate (CAGR) of 12%. * **Global Burn Care Market (relevant for AMNIOBURN):** The global burn care market size was valued at USD 2.4 billion in 2023 and is anticipated to reach USD 4.6 billion by 2032, growing at a CAGR of 7.4%. The North America burn care market size in 2023 was valued at USD 915.5 million. The global deep burn treatment market was estimated at $5 billion in 2025 and is projected to exceed $9 billion by 2033, exhibiting a CAGR of approximately 7%. * **Global Amniotic Products Market (relevant for EpiFix, AmnioFix, EpiCord, AmnioCord, mdHACM):** This market was valued at USD 910.78 million in 2023 and is expected to reach USD 1,734.03 million by 2032, growing at a CAGR of 7.42%. The U.S. Amniotic Products Market size was valued at USD 68.48 million in 2023 and holds a market share of around 75% of the global market. Another source states the global amniotic products market is expected to reach USD 1,451.2 million by 2030, with a CAGR of 8.7%. * **Mohs Micrographic Surgery (an application for EpiFix):** There are over 850,000 annual Mohs procedures performed in the U.S., representing a significant market opportunity for products like EpiFix. * **Global Sports Medicine Market (relevant for non-operative sports medicine applications):** This market was valued at USD 7.30 billion in 2024 and is projected to reach USD 15.25 billion by 2033, growing at a CAGR of 8.6% from 2025 to 2033. North America dominated the global market with a revenue share of 51.36% in 2024. * **Global Skin Graft Market:** This market was valued at USD 418.2 million in 2025 and is projected to grow from USD 441.7 million in 2026 to USD 699.2 million by 2034, with a CAGR of 5.90%. North America dominated the global market in 2025, with the regional market valued at USD 306.8 million.

AI Analysis | Feedback

MiMedx (MDXG) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
  • Expansion and Diversification of Surgical Business: MiMedx is focusing on expanding its surgical applications, with the surgical segment demonstrating strong growth, including a 20% increase for the full year 2025 and 25% growth in Q4 2025. This expansion is supported by new commercial hires and recent portfolio additions, such as AmnioFix Thyroid Shield and the licensing of three 510(k)-cleared products for surgical applications, targeting high-growth specialties.
  • Launch and Uptake of New Products: The company's wound care segment has experienced strong growth, driven by the successful uptake of recently launched products like EpiExpress and Emerge. MiMedx also plans to continue innovating and diversifying its product portfolio in 2026.
  • Continued Investment in Research and Development (R&D) and Clinical Evidence: MiMedx views scientific research as a crucial element of its growth strategy, continuing investments in R&D. This includes ongoing clinical trials, such as a near-completed randomized controlled trial (RCT) for EpiEffect and a planned new RCT for ChorioFix, aimed at long-term differentiation in clinical efficacy.
  • Adaptation and Stabilization within the Wound Care Market: Despite near-term disruptions due to Medicare reimbursement changes, MiMedx anticipates a sequential increase in revenue throughout 2026 as the wound care market adjusts and stabilizes. The company expects to recover to historical double-digit top-line growth by 2027, confident in its ability to compete effectively within the new reimbursement framework.

AI Analysis | Feedback

Share Repurchases

  • MiMedx's Board of Directors authorized a share repurchase program of up to $100 million over a two-year period, announced on February 25, 2026.
  • This program is intended to return capital to shareholders while maintaining flexibility for organic investment and potential mergers and acquisitions.

Share Issuance

  • On March 10, 2026, the Chief Commercial Officer acquired 42,845 shares through the vesting of performance stock units, with 21,270 shares withheld for tax obligations.
  • The Chief Financial Officer acquired 243,000 shares upon the vesting of performance stock units covering the period from January 1, 2023, to December 31, 2025, with 96,363 shares disposed of to satisfy tax obligations.
  • On March 4, 2026, the Chief Executive Officer was awarded 371,094 shares of common stock as restricted stock.

Outbound Investments

  • MiMedx's acquisitions amounted to $3.1 million in Q3 2025.
  • The total annual value of acquisitions for fiscal year 2024 was $7.9 million.
  • The highest quarterly value for acquisitions in the past five years was $5.0 million during Q1 2024.

Capital Expenditures

  • Capital expenditures in the most recent quarter totaled -$0.29 million.
  • In the last 12 months, capital expenditures were -$1.03 million.
  • Projected capital expenditures are $4 million for 2025 and $5 million for 2026, with an expected focus on long-term assets and infrastructure.

Better Bets vs. MiMedx (MDXG)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MDXGORGOIARTSYKVCELMedian
NameMiMedx Organoge.Integra .Stryker Vericel  
Mkt Price3.672.4417.58307.8040.1017.58
Mkt Cap0.50.31.4117.92.01.4
Rev LTM3895131,64525,270292513
Op Inc LTM407455,1231640
FCF LTM6617-104,5714747
FCF 3Y Avg53683,6691414
CFO LTM7131715,3756271
CFO 3Y Avg58201014,3785158

Growth & Margins

MDXGORGOIARTSYKVCELMedian
NameMiMedx Organoge.Integra .Stryker Vericel  
Rev Chg LTM10.5%11.7%1.2%8.8%22.4%10.5%
Rev Chg 3Y Avg11.7%3.8%1.8%10.1%20.0%10.1%
Rev Chg Q-33.1%-58.2%2.4%2.6%30.1%2.4%
QoQ Delta Rev Chg LTM-7.0%-9.0%0.6%0.6%5.7%0.6%
Op Inc Chg LTM-27.1%37.9%402.3%12.3%661.5%37.9%
Op Inc Chg 3Y Avg319.7%-17.5%82.7%15.0%255.2%82.7%
Op Mgn LTM10.2%1.4%2.7%20.3%5.4%5.4%
Op Mgn 3Y Avg13.6%1.8%2.8%19.9%0.8%2.8%
QoQ Delta Op Mgn LTM-5.1%-8.5%1.6%0.1%1.4%0.1%
CFO/Rev LTM18.1%6.0%4.3%21.3%21.1%18.1%
CFO/Rev 3Y Avg15.9%4.3%6.4%18.8%20.6%15.9%
FCF/Rev LTM16.9%3.3%-0.6%18.1%16.3%16.3%
FCF/Rev 3Y Avg14.7%1.1%0.6%15.7%4.8%4.8%

Valuation

MDXGORGOIARTSYKVCELMedian
NameMiMedx Organoge.Integra .Stryker Vericel  
Mkt Cap0.50.31.4117.92.01.4
P/S1.40.60.84.77.01.4
P/Op Inc13.843.630.123.0129.130.1
P/EBIT13.443.6-3.022.588.722.5
P/E17.7114.7-2.735.394.935.3
P/CFO7.710.118.921.933.018.9
Total Yield5.6%0.9%-36.6%3.9%1.1%1.1%
Dividend Yield0.0%0.0%0.0%1.1%0.0%0.0%
FCF Yield 3Y Avg6.5%2.1%-0.2%2.7%0.9%2.1%
D/E0.00.21.50.10.00.1
Net D/E-0.3-0.11.30.1-0.0-0.0

Returns

MDXGORGOIARTSYKVCELMedian
NameMiMedx Organoge.Integra .Stryker Vericel  
1M Rtn1.4%-8.3%16.4%-2.7%15.5%1.4%
3M Rtn-10.9%2.1%96.6%-8.1%27.7%2.1%
6M Rtn-47.9%-56.4%39.0%-12.9%11.2%-12.9%
12M Rtn-36.8%-24.5%51.6%-17.3%-4.6%-17.3%
3Y Rtn-42.4%-29.5%-56.3%6.4%11.9%-29.5%
1M Excs Rtn-1.2%-1.6%20.3%-5.1%14.3%-1.2%
3M Excs Rtn-25.5%-11.9%84.0%-22.7%8.9%-11.9%
6M Excs Rtn-59.7%-63.1%24.9%-22.3%2.7%-22.3%
12M Excs Rtn-62.6%-47.4%19.3%-42.1%-28.7%-42.1%
3Y Excs Rtn-109.9%-114.4%-129.1%-59.2%-54.4%-109.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Wound276231206  
Surgical142118116  
Wound & Surgical   268239
Corporate & Other    3
Regenerative Medicine    17
Total419349321268259


Price Behavior

Price Behavior
Market Price$3.67 
Market Cap ($ Bil)0.5 
First Trading Date06/24/2008 
Distance from 52W High-53.9% 
   50 Days200 Days
DMA Price$3.60$5.48
DMA Trenddowndown
Distance from DMA2.0%-33.0%
 3M1YR
Volatility51.7%43.2%
Downside Capture190.31175.87
Upside Capture62.3673.49
Correlation (SPY)33.3%31.4%
MDXG Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.581.491.501.191.160.85
Up Beta0.642.311.781.491.290.74
Down Beta-1.03-4.230.930.510.920.80
Up Capture126%53%57%30%54%47%
Bmk +ve Days13283667141432
Stock +ve Days13212852107351
Down Capture29%368%230%196%150%105%
Bmk -ve Days7132757109318
Stock -ve Days7183268133380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MDXG
MDXG-39.8%42.9%-1.07-
Sector ETF (XLV)14.0%15.0%0.6628.4%
Equity (SPY)26.5%12.4%1.6132.8%
Gold (GLD)24.2%27.5%0.7712.6%
Commodities (DBC)19.8%18.8%0.83-20.5%
Real Estate (VNQ)11.0%13.7%0.5219.3%
Bitcoin (BTCUSD)-40.0%42.4%-1.0816.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MDXG
MDXG-20.4%62.0%-0.08-
Sector ETF (XLV)5.4%14.7%0.1928.2%
Equity (SPY)13.5%17.1%0.6234.5%
Gold (GLD)17.1%18.3%0.763.5%
Commodities (DBC)7.5%19.4%0.29-0.3%
Real Estate (VNQ)1.9%18.9%0.0029.3%
Bitcoin (BTCUSD)11.0%54.2%0.4014.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MDXG
MDXG-14.5%67.6%0.06-
Sector ETF (XLV)9.4%16.6%0.4624.4%
Equity (SPY)15.3%18.0%0.7328.8%
Gold (GLD)12.3%16.1%0.633.9%
Commodities (DBC)5.9%18.0%0.266.1%
Real Estate (VNQ)5.3%20.7%0.2224.4%
Bitcoin (BTCUSD)60.0%66.8%1.007.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity7.6 Mil
Short Interest: % Change Since 51520263.8%
Average Daily Volume1.5 Mil
Days-to-Cover Short Interest5.1 days
Basic Shares Quantity148.4 Mil
Short % of Basic Shares5.1%

Returns Analyses

Earnings Returns History

Updated 6/16/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/20268.9%18.6%19.3%
2/25/2026-6.4%-8.7%-25.4%
10/29/20252.9%10.7%-7.2%
7/30/202510.3%11.0%10.1%
4/30/2025-8.1%1.5%-6.5%
2/26/20251.6%0.9%-3.4%
10/30/202420.4%31.8%62.6%
7/31/2024-10.3%-15.8%-10.2%
...
SUMMARY STATS   
# Positive141411
# Negative101013
Median Positive7.3%10.9%20.5%
Median Negative-5.1%-8.1%-7.2%
Max Positive39.4%55.9%62.6%
Max Negative-13.0%-15.8%-29.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/20268.9%18.6%19.3%
2/25/2026-6.4%-8.7%-25.4%
10/29/20252.9%10.7%-7.2%
7/30/202510.3%11.0%10.1%
4/30/2025-8.1%1.5%-6.5%
2/26/20251.6%0.9%-3.4%
10/30/202420.4%31.8%62.6%
7/31/2024-10.3%-15.8%-10.2%
4/30/202418.7%18.3%15.6%
2/28/2024-0.5%-1.6%-6.1%
10/30/20233.8%5.9%23.1%
8/1/2023-2.9%-7.6%-7.2%
5/2/202339.4%55.9%52.0%
2/28/2023-13.0%-12.7%-29.1%
1/9/20232.2%5.6%46.4%
11/2/20225.4%5.1%23.2%
8/2/20227.3%19.2%2.6%
5/3/20227.3%-15.4%-8.1%
2/28/2022-0.6%-4.4%-2.0%
1/10/2022-2.8%-9.1%-17.4%
11/2/202115.1%16.1%-0.7%
8/3/2021-5.3%-4.9%20.5%
4/28/2021-4.9%-6.2%-4.2%
8/4/20200.0%0.0%0.0%
SUMMARY STATS   
# Positive141411
# Negative101013
Median Positive7.3%10.9%20.5%
Median Negative-5.1%-8.1%-7.2%
Max Positive39.4%55.9%62.6%
Max Negative-13.0%-15.8%-29.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/29/202610-Q
12/31/202502/25/202610-K
09/30/202510/29/202510-Q
06/30/202507/30/202510-Q
03/31/202504/30/202510-Q
12/31/202402/26/202510-K
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202404/30/202410-Q
12/31/202302/28/202410-K
09/30/202310/30/202310-Q
06/30/202308/01/202310-Q
03/31/202305/02/202310-Q
12/31/202202/28/202310-K
09/30/202211/02/202210-Q
06/30/202208/02/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202604/29/202610-Q
12/31/202502/25/202610-K
09/30/202510/29/202510-Q
06/30/202507/30/202510-Q
03/31/202504/30/202510-Q
12/31/202402/26/202510-K
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202404/30/202410-Q
12/31/202302/28/202410-K
09/30/202310/30/202310-Q
06/30/202308/01/202310-Q
03/31/202305/02/202310-Q
12/31/202202/28/202310-K
09/30/202211/02/202210-Q
06/30/202208/02/202210-Q
03/31/202205/03/202210-Q
12/31/202102/28/202210-K
09/30/202111/02/202110-Q
06/30/202108/03/202110-Q
03/31/202104/28/202110-Q
12/31/202003/08/202110-K
09/30/202011/04/202010-Q
06/30/202008/04/202010-Q
03/31/202007/06/202010-Q
12/31/201907/06/202010-K
09/30/201907/06/202010-Q
06/30/201907/06/202010-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 4/29/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue260.00 Mil275.00 Mil290.00 Mil-21.4% LoweredGuidance: 350.00 Mil for 2026
2026 Revenue Growth 10.0% -16.7%-2.0%LoweredGuidance: 12.0% for 2026
2026 Operating Margin 20.0% 14.3%2.5%RaisedGuidance: 17.5% for 2026

Prior: Q4 2025 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue340.00 Mil350.00 Mil360.00 Mil  Higher New
2026 Operating Margin20.0%21.0% -6.7%-1.5%LoweredGuidance: 22.5% for 2025
2026 Revenue Growth 12.0% 9.1%1.0%RaisedGuidance: 11.0% for 2025

Insider Activity

Updated 6/12/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Maersk-Moller, KimberlyChief Commercial OfficerDirectSell111020257.4258,300432,3291,757,364Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Maersk-Moller, KimberlyChief Commercial OfficerDirectSell111020257.4258,300432,3291,757,364Form
Core Cache Last Updated: 6/21/2026