biote Corp.
BTMD · Price history
Price at last available close
$1.18
−$0.05 (-4.07%) 1M
2026-10-27
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Company & revenue
About biote Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Biote Corp. is dedicated to supporting and developing medical practices that focus on hormone optimization. The company provides a comprehensive system for its Biote-certified healthcare professionals, enabling them to correct imbalances in patients' hormone, vitamin, and mineral levels. This includes authorizing the prescription of bioidentical hormone treatments and suggesting suitable dietary supplements.
How they make money
Biote Corp. operates a practice-building business model that trains physicians and nurse practitioners in therapeutic wellness and hormone optimization. The company generates revenue primarily through the sale of bioidentical hormone replacement pellets and related dietary supplements to its network of certified practitioners, as well as through training and education services.
Products & services
The company provides training in the Biote Method for hormone optimization, bioidentical hormone replacement therapy pellets, and a line of Biote-branded dietary supplements.
Brands & revenue mix
The primary brand for hormone optimization training, pellet therapy, and dietary supplements.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Customer types
- Biote-certified practitionersSource
Customer concentration
The company did not have any customers that accounted for 10% or more of total revenues for the periods ended December 31, 2025.
Suppliers, materials & equipment
- Outsourcing facilities — Third-party facilities that produce the bioidentical hormone pellets used in the Biote Method.Source
Strengths
- High practitioner retention rate of over 91% as of December 31, 2025Source
Risks
- Reliance on third-party outsourcing facilities for the production of hormone pelletsSource
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS turned negative at -0.23 versus 0.10 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
46
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
38
Poor
Financial Strength
61
Business Quality / Moat
13
Management
55
Growth Quality
10
Risk / Durability
39
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
66
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
57/100
Building Historical Record
Model Score 57/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for BTMD
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving BTMD's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is BTMD's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is BTMD's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is BTMD's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of BTMD's score?
Essential Investment Snapshot
Wall Street Score
46
Opportunity Score
66
Market Cap
$52.0M
P/E Ratio
7.2
EPS
$0.17
52-Week High
$3.26
52-Week Low
$1.15
Beta
1.61
Intrinsic Value
$3.18
Analyst Target
$4.00
Shares Outstanding
36.7M
Total Revenue
$183.5M
Total Debt
$128.6M
Dividend
No current dividend
Liquidation Value / Share
$-1.59
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for BTMD
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on BTMD.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +High practitioner retention rate of over 91% as of December 31, 2025.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Medical - Care Facilities industry.
- −Reliance on third-party outsourcing facilities for the production of hormone pellets.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
45
Sep 9, 2026
Change
+1.9
points
Current Score
46
Oct 1, 2026
Category Changes
BTMD increased 1.9 points because Revenue improved by 2.2 points, Capital improved by 10 points.
Positive Contributors
- + Revenue improved by 2.2 points
- + Capital improved by 10 points
Projected Score
Projected Score
36
Projected Change
-10.9 points
Preliminary comparable-period financial changes suggest decline of approximately 10.9 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$1.18
Model Intrinsic Value
$3.18
Difference
−$2.00
-62.9% vs IV
Margin of Safety
62.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $183.5M | $192.2M | $197.2M | $185.4M | ···· | ···· | ···· | ···· |
| Cost of Revenue | $73.0M | $54.9M | $58.1M | $57.9M | ···· | ···· | ···· | ···· |
| Gross Profit | $110.5M | $137.4M | $139.1M | $127.5M | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| SG&A Expenses | $111.1M | $101.8M | $107.5M | $98.8M | ···· | ···· | ···· | ···· |
| Operating Expenses | $95.8M | $101.8M | $107.5M | $98.8M | ···· | ···· | ···· | ···· |
| EBITDA | $23.5M | $52.2M | $15.6M | $39.5M | ···· | ···· | ···· | ···· |
| Operating Income | $14.8M | $35.6M | $31.6M | $28.7M | ···· | ···· | ···· | ···· |
| Interest Expense | $9.4M | $11.0M | $11.0M | $6.4M | ···· | ···· | ···· | ···· |
| Income Before Tax | $10.3M | $37.6M | $1.0M | -$123K | ···· | ···· | ···· | ···· |
| Income Tax Expense | $3.2M | $6.0M | $970K | $2.7M | ···· | ···· | ···· | ···· |
| Net Income | $5.9M | $27.0M | $3.2M | $3.3M | ···· | ···· | ···· | ···· |
| Basic EPS | $0.17 | $0.86 | $0.09 | $0.13 | ···· | ···· | ···· | ···· |
| Basic Shares | 28.63M | 31.28M | 34.27M | 25.71M | ···· | ···· | ···· | ···· |
| Diluted Shares | 28.63M | 36.67M | 34.27M | 25.71M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$44.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.23
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+19.2%
Cash Change
-43.0%
Margin Change
-21.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 9.5%. EPS declined 330.0%. Cash declined 43.0%. Total debt increased 19.2%. Net income margin declined by 21.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
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5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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