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OrthoPediatrics Corp logo

OrthoPediatrics Corp

orthopediatrics.com

What Do They Do?

Sells pediatric orthopedic implants, instruments and braces to hospitals and pediatric surgeons, and provides clinic services for children with orthopedic conditions.

How Do They Make Money?

Hospitals and other medical customers pay for implants and instruments when they are used in surgery or shipped; customers pay for braces when they ship, and patients' third-party payors are billed when custom clinic products are fitted and accepted.

revenue
SegmentShareRevenue
Trauma and deformity
Sold outright

70%
FY2022: 70%
Scoliosis
Sold outright

28%
FY2022: 27%
Sports medicine/other
Sold outright
1.7%
FY2022: 3.1%

Who Are Their Customers?

Hospitals buy implants and instruments, often through independent sales agencies or international stocking distributors; in some international markets, the company sells directly to hospitals. Braces and clinic services reach hospitals, medical professionals, patients, and third-party payors.

Do Revenues Turn Into Profits?

No. It lost $39.6M in FY2025.

Operating income, FY2025
−17% of revenue
▲ +12% (Loss) vs FY2024 (−$35M, −17%)
Net income, FY2025
−17% of revenue
▲ +5% (Loss) vs FY2024 (−$37.8M, −18%)
Free cash flow, FY2025
−7% of revenue
▼ −61% (Loss) vs FY2024 (−$41.3M, −20%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +15%
vs $61.1M in Q2 FY2025
Net income
▲ +1% (Loss)
vs −$7.1M in Q2 FY2025
  • Aug 4, 2026 Raised full-year 2026 revenue guidance The company increased its 2026 revenue range to $265.0 million to $269.0 million from $263.0 million to $267.0 million.

Growing. Revenue grew 2.4x in 4 years, from $98M in FY2021 to $236.3M in FY2025, about 25% a year.

Expanded into clinics and services The latest report adds O&P clinic services, including custom braces and treatment, to the earlier description of implants, instruments, and specialized bracing products.

Revenue over time
Trauma and deformity Scoliosis Sports medicine/other
$250M$125M$0

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