Xtant Medical Holdings, Inc.(XTNT)Stock Analysis
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Rank #1,354 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
XTNT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Xtant Medical Holdings, Inc. (XTNT), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores XTNT at 52.2/100 on a 32-signal composite quality model, placing it at rank #1,354 of 2,879 stocks — the top half of the AI-ranked universe. XTNT scores in the top quartile across earnings quality (90.6), revenue growth (76.4). Areas of concern include revenue scale (19.6) and institutional flow (33.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 40.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Xtant Medical Holdings, Inc. reports quarterly revenue of $20.9M, net income of $-3.1M, free cash flow of $-2.3M. Top institutional holders of XTNT by reported 13-F value include Nantahala Capital Management,, AWM Investment Company,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. XTNT trades on the NYSE exchange and files with the SEC under CIK 1453593. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate XTNT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Xtant Medical Holdings, Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$20.9M
Net Income
Q1 2026
$-3.1M
Free Cash Flow
Q1 2026
$-2.3M
D/E Ratio
Q1 2026
0.24
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+14.2% YoYNet Income
+130.2% YoYOperating Income
+160.3% YoYEPS (Diluted)
+125.0% YoYTotal Assets
+0.3% YoYTotal Debt
-34.1% YoYOp. Cash Flow
+205.5% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $133.9M +14.2% | $117.3M +102.3% | $58.0M +4.9% | $55.3M +3.6% | $53.3M -26.1% | $72.2M |
| Net Income | $5.0M +130.2% | $-16.4M -93.9% | $-8.5M -75.0% | $-4.8M +31.0% | $-7.0M +90.0% | $-70.1M |
| Operating Income | $7.3M +160.3% | $-12.1M -78.7% | $-6.8M -75.3% | $-3.9M -413.2% | $-751.0K +98.7% | $-60.1M |
| EPS (Diluted) | $0.03 +125.0% | $-0.12 -33.3% | $-0.09 -50.0% | $-0.06 +76.0% | $-0.25 +74.9% | $-0.99 |
| Total Assets | $94.1M +0.3% | $93.8M +55.8% | $60.2M +10.1% | $54.7M +31.9% | $41.5M -10.7% | $46.4M |
| Total Debt | $14.5M -34.1% | $22.0M +83.3% | $12.0M +2.0% | $11.8M -29.8% | $16.8M -78.4% | $77.9M |
| Operating Cash Flow | $12.5M +205.5% | $-11.9M -122.7% | $-5.3M -1316.6% | $439.0K +160.1% | $-731.0K -160.3% | $1.2M |
AI Insight: XTNT Financial Trends
Sharp revenue collapse in Q1 2026 to $21M reverses nine quarters of growth and profitability gains, though debt reduction continues.
• Revenue peaked at $35M in Q2 2025, then declined to $21M in Q1 2026—a 40% sequential drop marking the weakest quarter since Q3 2024.
• Operating income swung from +$3M in Q3 2025 to -$3M in Q1 2026, erasing six quarters of profitability momentum.
• Total debt fell from $22M in Q2 2024 to $12M in Q1 2026; equity stable near $49–51M range since Q3 2025.
⚠ Operating cash flow has swung negative (-$2M in Q1 2026) after four consecutive positive quarters; sustainability unclear.
⚠ Net income returned to loss (-$3M) in Q1 2026 after profitability in Q2–Q3 2025; root cause (demand, pricing, costs) requires clarification.
AI Insight: XTNT Ratio Trends
Xtant swung from TTM profitability back to sharp Q1 2026 losses across all return metrics, erasing a year of margin recovery.
• Operating margin collapsed to -14.0% in Q1 2026 from +7.6% in Q3 2025, lowest since Q3 2024's -13.5%.
• ROIC turned negative at -19.4% in Q1 2026 versus +26.1% in Q2 2025, a 45.5pp swing in 9 months.
• Net profit margin fell to -14.8% in Q1 2026 from +10.0% in Q2 2025; TTM NPM of 1.5% masks severe current-quarter deterioration.
⚠ Q1 2026 represents a reversal of Q2–Q3 2025 momentum; assess whether seasonal, one-time charge, or structural.
⚠ Leverage improved to 0.24 D/E (lowest since TTM), but profitability deterioration limits refinancing flexibility.
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Top Institutional Holders of XTNT
Nantahala Capital Management, LLC
$38.2M68,394,000 shAWM Investment Company, Inc.
$3.3M5,976,910 shVANGUARD CAPITAL MANAGEMENT LLC
$1.1M2,014,603 shRENAISSANCE TECHNOLOGIES LLC
$551.0K987,410 shGEODE CAPITAL MANAGEMENT, LLC
$295.4K529,214 shCrescent Grove Advisors, LLC
$229.9K412,024 shHillsdale Investment Management Inc.
$202.1K362,200 shNANO CAP NEW MILLENNIUM GROWTH FUND L P
$195.3K350,000 shVANGUARD FIDUCIARY TRUST CO
$144.0K257,988 shBRIDGEWAY CAPITAL MANAGEMENT, LLC
$91.6K164,100 sh
| Fund | Value | Shares |
|---|---|---|
| Nantahala Capital Management, LLC | $38.2M | 68,394,000 |
| AWM Investment Company, Inc. | $3.3M | 5,976,910 |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.1M | 2,014,603 |
| RENAISSANCE TECHNOLOGIES LLC | $551.0K | 987,410 |
| GEODE CAPITAL MANAGEMENT, LLC | $295.4K | 529,214 |
| Crescent Grove Advisors, LLC | $229.9K | 412,024 |
| Hillsdale Investment Management Inc. | $202.1K | 362,200 |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $195.3K | 350,000 |
| VANGUARD FIDUCIARY TRUST CO | $144.0K | 257,988 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $91.6K | 164,100 |
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Is XTNT a good stock to buy?
13F Pro's AI-powered analysis of Xtant Medical Holdings, Inc. (XTNT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for XTNT are available on the XTNT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own XTNT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling XTNT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Xtant Medical Holdings, Inc.'s investment landscape.