Xtant Medical Holdings (XTNT) reported second-quarter 2026 total revenue of $23.0 million, compared with $35.4 million a year earlier. The company reported a second-quarter net loss of $9.4 million, compared with net income of $3.6 million in the second quarter of 2025.
Xtant said the revenue decline primarily reflected the December 2025 sale of non-core Coflex/CoFix assets and its international hardware business to Companion Spine, along with license revenue that ended after 2025 due to reimbursement changes. The company also reduced its full-year 2026 revenue guidance to $99 million to $103 million.
- Second-quarter 2026 gross margin was 57.9%, compared with 68.6% a year earlier.
- Operating expenses totaled $22.5 million, compared with $19.7 million in the prior-year quarter.
- Xtant announced an exclusive U.S. distribution agreement with Dilon Technologies for HEMOBLAST Bellows.
- The company launched Trivium Shaped, an extension of its Trivium demineralized bone matrix allograft line.
- As of June 30, 2026, Xtant had $9.9 million in cash and cash equivalents and total indebtedness of $23.0 million.
$XTNT Hedge Fund Activity
We have seen 12 institutional investors add shares of $XTNT stock to their portfolio, and 12 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AWM INVESTMENT COMPANY, INC. removed 617,211 shares (-9.4%) from their portfolio in Q1 2026, for an estimated $344,403
- CITADEL ADVISORS LLC removed 126,787 shares (-44.1%) from their portfolio in Q1 2026, for an estimated $70,747
- PRIVATE ADVISOR GROUP, LLC removed 85,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $35,785
- NANO CAP NEW MILLENNIUM GROWTH FUND L P added 70,000 shares (+25.0%) to their portfolio in Q1 2026, for an estimated $39,060
- RENAISSANCE TECHNOLOGIES LLC added 67,550 shares (+7.3%) to their portfolio in Q1 2026, for an estimated $37,692
- TWO SIGMA SECURITIES, LLC removed 67,350 shares (-87.1%) from their portfolio in Q1 2026, for an estimated $37,581
- MILLENNIUM MANAGEMENT LLC removed 58,492 shares (-30.6%) from their portfolio in Q1 2026, for an estimated $32,638
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
