Biote (BTMD) Invested Capital (2020 - 2026)
Biote (BTMD) reported Invested Capital of $55.71 million for Q2 2026, up 115.1% from $25.9 million a year earlier and up 5.7% from the prior quarter.
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Analysis
Biote (BTMD) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Biote posted Invested Capital of $43.49 million, up 728.6% from FY2024.
- By year, Invested Capital came in at $5.25 million in FY2024 (-93.1%), $76.33 million in FY2023 (+27.1%), $60.06 million in FY2022 (+46.2%) and $41.09 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Invested Capital since Q1 2024.
- Year over year, Invested Capital has now increased in each of the last three quarters, with growth averaging 166.1% over the last five quarters.
- The high point for year-over-year Invested Capital in five years was Q4 2025 (growth of 728.6%); the low point was Q4 2024 (a decline of 93.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $52.72 million (Q1 2026), $43.49 million (Q4 2025) and $30.63 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - | 43.08 Bn |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn | 1.90 Bn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn | 13.46 Bn |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn | 14.47 Bn |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn | - |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - | 19.81 Bn |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn | 444.93 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - | 6.04 Bn |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn | 4.24 Bn |
| 10 | Biote | 49.79 Mn | -11.27 Mn | 28.92 Mn | 55.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.71 Mn |
| Mar 31, 2026 | 52.72 Mn |
| Dec 31, 2025 | 43.49 Mn |
| Sep 30, 2025 | 30.63 Mn |
| Jun 30, 2025 | 25.90 Mn |
| Mar 31, 2025 | 21.27 Mn |
| Dec 31, 2024 | 5.25 Mn |
| Sep 30, 2024 | -18.03 Mn |
| Jun 30, 2024 | -31.30 Mn |
| Mar 31, 2024 | 66.70 Mn |
| Dec 31, 2023 | 76.33 Mn |
| Sep 30, 2023 | 62.98 Mn |
| Jun 30, 2023 | 42.36 Mn |
| Mar 31, 2023 | 33.16 Mn |
| Dec 31, 2022 | 60.06 Mn |
| Sep 30, 2022 | 48.85 Mn |
| Jun 30, 2022 | 49.75 Mn |
| Mar 31, 2022 | 10.82 Mn |
| Dec 31, 2021 | 41.09 Mn |
| Dec 31, 2020 | -16.95 Mn |
API Access
Biote Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=BTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "BTMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=BTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();