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Avita Medical (RCEL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Avita Medical
NasdaqCM•Healthcare•Medical Devices
$11.20+0.26(0.02%)Market closed
Market Cap
$345.01M
P/S
4.6x

AVITA Medical, Inc., together with its subsidiaries, operates as a therapeutic acute wound care company in the United States, Japan, the European Union, Australia, and the United Kingdom. The company's lead product is the RECELL System, a cell harvesting device used for the treatment of thermal burn wounds and full-thickness skin defects, as well as for repigmentation of stable depigmented vitiligo lesions. It also provides RECALL autologous cell harvesting device, which can treat areas of up to 1,920 cm2; RECELL autologous cell harvesting device with ease-of-use, an enhanced ease-of-use device that can treat areas of up to 1,920 cm²; and RECELL GO mini autologous cell harvesting device, a line extension of the RECELL GO system to treat smaller wounds up to 480 cm2, as well as RECELL GO autologous cell harvesting device consisting of RECELL GO processing device, which controls and manages the pressure applied to disaggregate the donor skin cells and controls the incubation time of the RECELL Enzyme to optimize cell yield and promote cell viability; and RECELL GO preparation kit, which can treat areas up to 1,920 cm2. In addition, the company sells and distributes PermeaDerm, a biosynthetic wound matrix and Cohealyx, a collagen-based dermal matrix. It serves hospitals, treatment centers, and distributors. The company was formerly known as AVITA Therapeutics, Inc. and changed its name to AVITA Medical, Inc. in December 2020. AVITA Medical, Inc. is headquartered in Valencia, California.

D

How this company scores

WeakMetricSide Score: 40/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (14/25); weakest: Balance Sheet & Red Flags (7/25).

Profitability11/25
Growth14/25
Balance Sheet & Red Flags7/25
Cash & Earnings Quality8/25
Strengths
Profit converts from growthConsistent growthNet cash positionImproving margins
Grade capped at D
  • Negative equity — the balance sheet is insolvent.
  • Interest coverage below 1× (-6.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 4.6x5y range 1.5x – 16.8x
P/S 4.6x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 76.8x5y range 1.4x – 76.8x
P/B 76.8x · above its 14-quarter median

Currently above its 14-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $345.01M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$75.63M
2Q
Q. Revenue
$21.70M
3Q
TTM EBITDA
$-32.71M
2Q
TTM Op. Income
$-35.22M
2Q
Q. Op. Income
$-6.86M
2Q
TTM Net Income
$-43.08M
2Q
Q. Net Income
$-7.66M
3Q
EPS
$-0.25
3Q
Shares Out.
$30.75M
7Q
$75.63M in TTM revenue grew 1.0% YoY, reaching $21.70M last quarter. TTM EBITDA of $-32.71M and TTM operating income of $-35.22M show growth is flowing through to the bottom line. However, net income is negative at $43.08M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
81.9%
2Q
EBITDA Margin
-28.8%
2Q
Op. Margin
-31.6%
2Q
Net Margin
-35.3%
3Q
Op. margin of -31.6% is up 28.9% YoY — cost efficiency is improving. Net margin at -35.3% and gross margin of 81.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
4.6x
2Q
P/B Ratio
N/A
P/S of 4.6x and P/B of 0.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$47.78M
3Q
Cash
$9.14M
25%
Long-Term Debt
N/A
Book Value
$-27.84M
3Q
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-3.50M
66%
TTM Free Cash Flow
$-24.61M
7Q
FCF Margin
-32.5%
7Q
FCF / Net Income
0.6
30%
TTM FCF of $-24.61M on $-3.50M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.

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Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 18.3% — significant dilution, likely from stock compensation or capital raises.