v3.25.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Loss Per Share
The following table sets forth the computation of basic and diluted loss per share of Class A common stock (amounts in thousands, except share and per share data) for the years ending December 31:
202520242023
Numerator:
Net income (loss) from continuing operations$27,274 $(47,049)$(121,196)
Net (income) loss attributable to noncontrolling
    interests—continuing operations		(4,542)10,924 24,458 
Net income (loss) attributable to Bioventus Inc. Class A
    common stockholders—continuing operations		$22,732 $(36,125)$(96,738)
Net loss from discontinued operations$— $— $(74,429)
Net loss attributable to noncontrolling interests—discontinued operations— — 14,937 
Net loss attributable to Bioventus Inc. Class A
    common stockholders—discontinued operations		$— $— $(59,492)
Denominator:
Basic weighted-average shares of Class A common stock outstanding66,622,631 64,547,474 62,647,554 
Dilutive effects of:
Stock options953,822 — — 
Restricted stock units1,338,442 — — 
Diluted weighted-average shares of Class A common stock outstanding68,914,895 64,547,474 62,647,554 
Net income (loss) per share of Class A common stock, from
    continuing operations—basic		$0.34 $(0.56)$(1.54)
Net loss per share of Class A common stock, from
    discontinued operations—basic		— — (0.95)
Net income (loss) per share of Class A common stock—basic$0.34 $(0.56)$(2.49)
Net income (loss) per share of Class A common stock, from
    continuing operations—diluted		$0.33 $(0.56)$(1.54)
Net loss per share of Class A common stock, from
    discontinued operations—diluted		— — (0.95)
Net income (loss) per share of Class A common stock—diluted$0.33 $(0.56)$(2.49)
Schedule of Antidilutive Securities
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net income (loss) per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion for the years ending December 31:
202520242023
LLC Interests held by Continuing LLC Owner(a)
15,786,737 15,786,737 15,786,737 
Stock options(b)
2,239,466 2,289,436 5,860,516 
RSUs(c)
637,600 11,052 595,030 
Total18,663,803 18,087,225 22,242,283 
(a)Shares of Class A common stock reserved for future issuance upon redemption or exchange of LLC Interests by the Continuing LLC Owner. LLC Interests are neither dilutive nor antidilutive for the periods presented as the assumed redemption for shares of Class A common stock would cause a proportionate increase to net income (loss) attributable to Class A common shareholders—diluted.
(b)Options with exercise prices greater than the average market price of our Class A common stock are excluded from the computation of diluted net income (loss) per share because they are out-of-the-money.
(c)A portion of the restricted stock units are considered antidilutive under the treasury stock method as the number of shares that could be purchased with the assumed proceeds of the restricted stock units exceed the total amount of the underlying shares outstanding.