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Elutia Inc.. (ELUT) Fundamental Analysis & AI Grade 2026

ELUT Nasdaq Biological Products, (No Diagnostic Substances) DE CIK: 0001708527
Updated This Month • Analysis: May 16, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
83% Confidence
AGREEMENT
C
75% Conf
D
91% Conf

📊 ELUT Key Takeaways

Revenue: $3.1M
Net Margin: -239.9%
Free Cash Flow: $-8.3M
Current Ratio: 2.05x
Debt/Equity: 1.16x
EPS: $-0.17
AI Grade: C with 75% confidence
Elutia Inc.. (ELUT) receives a C fundamental grade with 83% confidence from our AI analysis based on SEC 10-K filings. With revenue of $3.1M, net profit margin of -239.9%, and return on equity (ROE) of -33.2%, Elutia Inc.. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete ELUT stock analysis for 2026.

Is Elutia Inc.. (ELUT) a Good Investment?

Claude

Elutia faces critical fundamental challenges: revenue is declining 15% YoY while operating losses remain severe at -$6.3M on a $3.1M revenue base. Negative operating cash flow of -$7.8M creates a ~3.4 year cash runway, exacerbated by 1.16x debt/equity leverage and inability to cover interest from operations (coverage ratio: -4.8x).

ChatGPT

Elutia's core fundamentals are weak: revenue declined 15% year over year, operating margin was deeply negative at -218.9%, and free cash flow was severely negative, indicating poor growth quality and an unsustainable earnings profile. The large net income appears disconnected from operating performance, suggesting a likely non-recurring benefit rather than a true improvement in the underlying business. While liquidity is currently supported by a solid cash balance and acceptable current ratio, persistent operating losses and cash burn materially weaken financial health.

Elutia Inc.. Key Strengths (ELUT)

Claude
  • + Strong gross margin of 57.9% indicates underlying product value and pricing power
  • + Current liquidity position adequate with $28.5M cash and 2.05x current ratio providing near-term stability
  • + Biological products sector suggests potential for high-value pipeline despite early commercialization stage
ChatGPT
  • + Gross margin of 53.7% suggests the company still has some underlying product-level economic value
  • + Cash and equivalents of $36.35M provide near-term liquidity support
  • + Current ratio of 2.22x and quick ratio of 2.12x indicate manageable short-term obligations

ELUT Stock Risks: Elutia Inc.. Investment Risks

Claude
  • ! Revenue declining 15% YoY signals market adoption challenges or loss of product competitiveness
  • ! Unsustainable operating losses (-$6.3M) with -203.9% operating margin on small revenue base
  • ! Negative operating cash flow (-$7.8M) with approximately 3.4 year cash runway at current burn rate without profitability inflection
  • ! High leverage (1.16x Debt/Equity) with negative interest coverage (-4.8x); cannot service debt from operational earnings
  • ! Negative returns destroying shareholder value (ROE: -33.2%, ROA: -13.5%)
ChatGPT
  • ! Revenue fell 15.0% year over year, pointing to weak commercial momentum
  • ! Operating loss of $26.91M and free cash flow of -$46.69M indicate severe cash burn and poor earnings quality
  • ! Leverage is meaningful relative to equity, and negative interest coverage reflects weak debt-servicing capacity from operations

Key Metrics to Watch

Claude
  • * Quarterly revenue trajectory - must stabilize and inflect positive to avoid cash depletion scenario
  • * Operating expense reduction pathway - survival dependent on clear path to profitability before cash exhaustion
  • * Cash burn rate and runway - core survival metric for pre-profitable stage company
  • * Gross margin sustainability - whether 57.9% margin is maintainable as operations scale
ChatGPT
  • * Revenue growth and gross profit trend
  • * Operating cash flow and free cash flow burn rate

Elutia Inc.. (ELUT) Financial Metrics & Key Ratios

Revenue
$3.1M
Net Income
$-7.5M
EPS (Diluted)
$-0.17
Free Cash Flow
$-8.3M
Total Assets
$55.2M
Cash Position
$28.5M

💡 AI Analyst Insight

Strong liquidity with a 2.05x current ratio provides a solid financial cushion.

ELUT Profit Margin, ROE & Profitability Analysis

Gross Margin 57.9%
Operating Margin -203.9%
Net Margin -239.9%
ROE -33.2%
ROA -13.5%
FCF Margin -266.2%

ELUT vs Healthcare Sector: How Elutia Inc.. Compares

How Elutia Inc.. compares to Healthcare sector averages

Net Margin
ELUT -239.9%
vs
Sector Avg 12.0%
ELUT Sector
ROE
ELUT -33.2%
vs
Sector Avg 15.0%
ELUT Sector
Current Ratio
ELUT 2.0x
vs
Sector Avg 2.0x
ELUT Sector
Debt/Equity
ELUT 1.2x
vs
Sector Avg 0.6x
ELUT Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Elutia Inc.. Stock Overvalued? ELUT Valuation Analysis 2026

Based on fundamental analysis, Elutia Inc.. shows some fundamental concerns relative to the Healthcare sector in 2026.

Return on Equity
-33.2%
Sector avg: 15%
Net Profit Margin
-239.9%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.16x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Elutia Inc.. Balance Sheet: ELUT Debt, Cash & Liquidity

Current Ratio
2.05x
Quick Ratio
1.94x
Debt/Equity
1.16x
Debt/Assets
59.2%
Interest Coverage
-4.83x
Long-term Debt
$26.1M

ELUT Revenue & Earnings Growth: 5-Year Financial Trend

ELUT 5-year financial data: Year 2021: Revenue $47.4M, Net Income -$21.8M, EPS $-8.88. Year 2022: Revenue $49.2M, Net Income -$24.8M, EPS $-2.38. Year 2023: Revenue $24.7M, Net Income -$32.9M, EPS $-2.38. Year 2024: Revenue $24.7M, Net Income -$37.7M, EPS $-2.07. Year 2025: Revenue $14.5M, Net Income -$53.9M, EPS $-1.86.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Elutia Inc..'s revenue has declined by 69% over the 5-year period, indicating business contraction. The most recent EPS of $-1.86 indicates the company is currently unprofitable.

ELUT Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-266.2%
Free cash flow / Revenue

ELUT Quarterly Earnings & Performance

Quarterly financial performance data for Elutia Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $3.0M -$3.9M $-0.17
Q3 2025 $3.3M $1.3M $-0.19
Q2 2025 $6.3M -$9.6M $-0.26
Q1 2025 $6.0M -$3.9M $-0.21
Q3 2024 $5.9M $1.3M $-0.33
Q2 2024 $6.3M -$10.6M $-0.65
Q3 2023 $5.8M -$8.0M $-0.49
Q2 2023 $10.3M -$9.4M $-0.65

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Elutia Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$7.8M
Cash generated from operations
Capital Expenditures
$459.0K
Investment in assets
Dividends
None
No dividend program

ELUT SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Elutia Inc.. (CIK: 0001708527)

📋 Recent SEC Filings

Date Form Document Action
Jun 2, 2026 4 xslF345X06/tm2616694-1_4seq1.xml View →
May 15, 2026 10-Q elut-20260331x10q.htm View →
May 14, 2026 8-K elut-20260514x8k.htm View →
Apr 22, 2026 DEF 14A elut-20260611xdef14a.htm View →
Apr 14, 2026 4 xslF345X06/form4-04142026_120452.xml View →

Frequently Asked Questions about ELUT

What is the AI rating for ELUT?

Elutia Inc.. (ELUT) has a Combined AI Grade of C from Claude (C) and ChatGPT (D) with 83% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ELUT's key strengths?

Claude: Strong gross margin of 57.9% indicates underlying product value and pricing power. Current liquidity position adequate with $28.5M cash and 2.05x current ratio providing near-term stability. ChatGPT: Gross margin of 53.7% suggests the company still has some underlying product-level economic value. Cash and equivalents of $36.35M provide near-term liquidity support.

What are the risks of investing in ELUT?

Claude: Revenue declining 15% YoY signals market adoption challenges or loss of product competitiveness. Unsustainable operating losses (-$6.3M) with -203.9% operating margin on small revenue base. ChatGPT: Revenue fell 15.0% year over year, pointing to weak commercial momentum. Operating loss of $26.91M and free cash flow of -$46.69M indicate severe cash burn and poor earnings quality.

What is ELUT's revenue and growth?

Elutia Inc.. reported revenue of $3.1M.

Does ELUT pay dividends?

Elutia Inc.. does not currently pay dividends.

Where can I find ELUT SEC filings?

Official SEC filings for Elutia Inc.. (CIK: 0001708527) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ELUT's EPS?

Elutia Inc.. has a diluted EPS of $-0.17.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is ELUT's fundamental grade?

Based on our AI fundamental analysis in June 2026, Elutia Inc.. has a C grade with 83% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is ELUT stock overvalued or undervalued?

Valuation metrics for ELUT: ROE of -33.2% (sector avg: 15%), net margin of -239.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is ELUT's AI grade for 2026?

Our dual AI analysis gives Elutia Inc.. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ELUT's free cash flow?

Elutia Inc..'s operating cash flow is $-7.8M, with capital expenditures of $459.0K. FCF margin is -266.2%.

How does ELUT compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -239.9% (avg: 12%), ROE -33.2% (avg: 15%), current ratio 2.05 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 16, 2026 | Data as of: 2026-03-31 | Powered by Claude AI