biote Corp.

biote Corp.

BTMD·NASDAQ

$2.11

+5.5%
HealthcareMedical - Care Facilities

biote Corp. operates in medical practice-building business within the hormone optimization space. The company offers a platform for Biote-certified practitioners to optimize imbalances in their patient's hormone, vitamin, and mineral levels, as well as prescribe bioidentical hormone therapies and recommend dietary supplements. It also sells Biote-branded dietary supplements; and sterile pellet insertion kits for men and women. The company was founded in 2011 and is headquartered in Irvine, Texas.

At a Glance

Live Snapshot
Market Cap$93.07M
EPS0.8600
P/E Ratio2.45
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is compressed (P/E 2.5).

Valuation inputs: P/E 2.5, earnings yield +40.8%, momentum +5.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -46.2%, ROIC +43.0%).

Profitability stack: net margin +14.1%, ROE -46.2%, ROIC +43.0%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +146.8%, momentum +5.5%, net margin +14.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

btmd

biote Corp. Market vs Earnings Trajectory

BTMD · NASDAQ

Loading price and EPS data...

biote Corp.

biote Corp. Fair Value Envelope

BTMD · NASDAQ

Our analysis suggests that BTMD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $2.11, this represents a potential HIDDEN relative to our calculated worth for biote Corp..

Intrinsic Value
Current Price: $2.11
3Y+438.0%
5Y-78.0%
10Y-69.0%
3Y+17.0%
5Y+65.0%
10Y+75.0%
3Y-2891.0%
5Y-7.0%
10Y+27.0%
3Y-484.0%
5Y+33.0%
10Y+39.0%
3Y-374.0%
5Y+21.0%
10Y+27.0%
3Y-4.0%
5Y+230.0%
10Y+350.0%
biote Corp.

biote Corp. Profit Bridge

BTMD · NASDAQ
Revenue192.22M
Cost of Goods Sold (54.86M)
Gross Profit137.36M
Operating Expenses (101.81M)
Operating Income35.55M
Interest Expense (10.96M)
Other Income/Expense2.03M
Pretax Income37.58M
Income Tax (5.99M)
Net Income27.05M
Net Income
27.05M

Profitability Analysis

Gross Margin

71.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

18.5%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

14.1%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

15.9%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

71.46%
Gross Profit Margin
1%
3Y+7.0%
5Y+16.0%
10Y+18.0%
18.50%
Operating Profit Margin
15%
3Y-150.0%
5Y-32.0%
10Y-14.0%
14.07%
Net Profit Margin
779%
3Y-2495.0%
5Y-44.0%
10Y-27.0%
-46.20%
Return on Equity
1450%
3Y-2220.0%
5Y-73.0%
10Y-29.0%
25.13%
Return on Assets
874%
3Y-2996.0%
5Y-72.0%
10Y-72.0%
43.03%
Return on Invested Capital
2234%
3Y-191.0%
5Y-64.0%
10Y-71.0%
BTMD

biote Corp. Cash Conversion Engine

BTMD · NASDAQ
Net Income27.05M
Depreciation & Amortization3.67M
Stock-Based Compensation8.92M
Change in Working Capital-8.25M
Others-165.00K
Capital Expenditures-5.01M
Free Cash Flow30.18M

Cash Flow Quality Analysis

FCF Conversion Rate

111.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

14.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-22.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$8.25M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

btmd

biote Corp. Funding & Solvency Profile

BTMD · NASDAQ
Cash & Cash Equivalents5.32M
Net Receivables7.40M
Inventory19.88M
Other Current Assets3.76M
Total Current Assets36 M
Property, Plant & Equipment13.26M
Goodwill & Intangible Assets9.79M
Long-Term Investments0.00
Other Non-Current Assets5.15M
Total Non-Current Assets18 M
Total Assets
89.03M

Financial Health Analysis

Current Ratio

1.29x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Working Capital

8 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

41% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

btmd

biote Corp. Street Expectations Map

BTMD · NASDAQ

Wall Street analysts project that BTMD stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 3.25, with estimates ranging from a low of 2.50 to a high of 4.00.

Lowest Target
2.50
18.48%
Consensus Target
3.25
54.03%
Highest Target
4.00
89.57%

The consensus 1-year price target stands at 3.25, with estimates ranging from a low of 2.50 to a high of 4.00.

Analyst Consensus Analysis

Upside Potential

+54.0%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

46.2% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

btmd

biote Corp. Insider Positioning

BTMD · NASDAQ

During the last 12 months, insiders have purchased $591K worth of BTMD shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

150.4K

591.23K

Sold

0

0.00

Net Activity

+591K

+$591K

Top Buyers

1
BRR

Barrera Richard R

Director, 10 Percent Owner:

150.4K shares1 transactions

$591K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $591K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Insider Participation

High Buying

1 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Unanimous insider buying: Zero selling combined with active buying is rare and typically very bullish. Insiders appear to see significant upside with limited downside risk.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
 

btmd Dividend History

BTMD
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%