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Red Flags Detected

  • Material Weakness (worsened) — IT control deficiency scope expanded from enterprise resource planning system to entire information technology environment; material weakness persists into 2025 with remediation timeline extended.
  • Voluntary Recall (new) — Asteria Health initiated voluntary recall of hormone pellets shipped May 2025–January 2026 due to potential metal particulate matter; $1.3M impairment charge recorded Q4 2025 with additional future costs expected.
NASDAQ: BTMD biote Corp. 10-K

Biote revenue slips 2.5% as practitioner retention falls; $18.5M Donovitz settlement closes litigation

Filed March 13, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 14, 2025 · ~2 min read

Key Changes

  • high

    Revenue declined 2.5% to $192.2M driven by $13.3M drop in procedure revenue; practitioner retention fell from 95% to 91% despite network expanding 7% to 9,200 practitioners.

    MD&A: Revenue & Business: Practitioner Metrics verify on EDGAR →
  • high

    Net income surged to $31.6M from $0.05M, but Adjusted EBITDA fell 8.2% to $53.5M; income gain driven by $13M earnout liability revaluation tied to 58% stock price decline.

    MD&A: Financial Performance verify on EDGAR →
  • high

    Settled Donovitz NIL litigation for $18.5M lump sum (paid Jan 2026), dismissing all pending Delaware and Texas cases with prejudice; Yosaki/Mioko case dismissed and affirmed on appeal.

    Legal Proceedings verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Source-verified from EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify