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CONDENSED CONSOLIDATED STATEMENTS OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 49,169 $ 49,257 $ 95,973 $ 94,100
Cost of revenue        
Cost of revenue 15,287 15,828 28,654 29,705
Selling, general, and administrative 27,649 25,760 50,659 48,845
Income from operations 6,233 7,669 16,660 15,550
Other income (expense) net :        
Interest expense, net (2,577) (1,645) (4,237) (3,291)
Loss from change in fair value of warrant liability   (11,793)   (13,411)
Loss from change in fair value of earnout liability (13,949) (6,400) (26,038) (31,810)
Other income (expense) (2) (4) (4) (11)
Total other income (expense), net (16,528) (19,842) (30,279) (48,523)
Loss before provision for income taxes (10,295) (12,173) (13,619) (32,973)
Income tax expense 180 922 2,666 1,552
Net loss (10,475) (13,095) (16,285) (34,525)
Less: Net loss attributable to noncontrolling interest (4,153) (7,952) (7,893) (22,577)
Net loss attributable to biote Corp. stockholders (6,322) (5,143) (8,392) (11,948)
Other comprehensive income (loss):        
Foreign currency translation adjustments (1)   (2)  
Other comprehensive income (loss) (1)   (2)  
Comprehensive income (loss) $ (10,476) $ (13,095) $ (16,287) $ (34,525)
Net loss per common share        
Basic $ (0.19) $ (0.25) $ (0.25) $ (0.62)
Diluted $ (0.19) $ (0.25) $ (0.25) $ (0.62)
Weighted average common shares outstanding        
Basic 33,072,156 20,704,866 34,185,578 19,153,574
Diluted 33,072,156 20,704,866 34,185,578 19,153,574
Product Revenue        
Revenue        
Total revenue $ 48,111 $ 48,652 $ 94,146 $ 92,807
Cost of revenue        
Cost of revenue 14,426 14,992 27,228 28,019
Service Revenue        
Revenue        
Total revenue 1,058 605 1,827 1,293
Cost of revenue        
Cost of revenue $ 861 $ 836 $ 1,426 $ 1,686