Company Analysis

Avita Medical, Inc. (RCEL)

Nasdaq: RCEL · Surgical & Medical Instruments & Apparatus · Valencia, CA · filing with the SEC since 2018
Grade5.3
◀ Past 6.6● Present 4.3▶ Future 5.3
1 est.

The grade of Avita Medical, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.3/10
◀ Past6.630% of the headline
● Present4.340% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
6.3/10

Has it survived what it has been through?

1 warning event since 2018; the latest 2020-07-06.

weight 33% of this tense · 63rd percentile among 121 sector filers · read for itself

From the record

Avita Medical, Inc.'s filings since 2018 show 1 warning event: an auditor change (8-K item 4.01, the latest 2020-07-06) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.1/10

What has it actually done, year after year?

+78.4% a year over 8 filed years; profitable in 0 of 8.

weight 45% of this tense · 71st percentile among 105 sector filers · read for its customers

From the record

Avita Medical, Inc.'s 8 filed years say what it did: revenue went from $929 thousand in fiscal 2018 to $72 million in fiscal 2025, up 78.4% a year; it rose in 7 of 7 years; it never fell from a peak; net income was positive in 0 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span78.4%top 10% of its family
  • the share of years revenue rosetop 15% of its family
  • the share of filed years with a profitbottom 23% of its family
  • the deepest fall from a revenue peak0.0%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.0/10

How has it treated the people who own it?

SI estimate 6.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 60th percentile among 120 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 40% of 120 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 120 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Avita Medical, Inc.'s shareholder treatment is put at 6.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 40% of 120 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.2/10

Is it financially healthy right now?

Leverage 130%: owes 130¢ per asset dollar.

weight 45% of this tense · 51st percentile among 120 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Avita Medical, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 104 cents per dollar of everything the company owns. Leverage: it owed about 130 cents per dollar of assets, and net share issuance: its share count grew 7.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 5% of its family
  • gross profit against assetstop 1% of its family
  • the share count against the year beforetop 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.0/10

How strong is its position in its industry?

bottom 50% of 109 in its family; net margin -67.8%.

weight 33% of this tense · 50th percentile among 109 sector filers · read for its customers

From the record

Avita Medical, Inc.'s standing among 109 graded names in its industry family: revenue of $72 million in fiscal 2025 ranks in the bottom 46% by size; a net margin of -67.8% ranks in the bottom 29%; revenue growth of 27.7% a year over the last 3 filed years ranks in the top 26% (its annual reports).

What it rests on

  • revenue against the family$71.6Mbottom 46% of its family
  • net margin-67.8%bottom 29% of its family
  • three-year revenue growth27.7%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.8/10

What are the people in charge doing?

bottom 18% of 91 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 18th percentile among 91 sector filers · read for its shareholders

From the record

Avita Medical, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Vance, Cary Guy (President and CEO, as filed), filing under that title since 2026-06-01, 5 months (bottom 11% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 3.6 years (bottom 19%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 9 peoplebottom 23% of its family
  • the median years the people in charge have filed3.6 yearsbottom 19% of its family
  • the chief executive's years on the record6 monthsbottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.2/10

How much room does it have to grow?

top 38% of 104 in its family for room to expand.

weight 45% of this tense · 62nd percentile among 104 sector filers · read for itself

From the record

Avita Medical, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $10 million against debt of $0 thousand leaves 18.2% of its assets as net cash, top 38% of its family; cash from operations less capital spending is -45% of revenue (bottom 31%); a gross margin of 82.1% (top 12%); research spending of 29.1% of revenue (top 31%) (its annual report).

What it rests on

  • cash less debt against assets18.2%top 38% of its family
  • cash from operations less capital spending against revenue-45.0%bottom 31% of its family
  • gross margin82.1%top 12% of its family
  • research spending against revenue29.1%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

top 50% of 105 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 105 sector filers · read for its customers

From the record

Avita Medical, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 27.7% a year over the last three filed years against 78.4% over all 8, slowing (bottom 3% of its family); the newest year grew 11.5% (bottom 44%); research spending grew 14.6% a year (top 28%); capital spending grew 30.5% a year (top 16%) (its annual reports). Avita Medical, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-50.8 points a yearbottom 3% of its family
  • the newest year's revenue growth11.5%bottom 44% of its family
  • three-year growth of research spending14.6%top 28% of its family
  • three-year growth of capital spending30.5%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.8/10

Did its newest year beat what its own record pointed to?

bottom 38% of 88 in its family for expectations against reality.

weight 22% of this tense · 38th percentile among 88 sector filers · read for its shareholders

From the record

Avita Medical, Inc.'s newest year against its own record: revenue of $72 million in fiscal 2025 came in 18.4% below the $88 million its prior three years' pace pointed to (bottom 24% of its family); net income of $49 million against a prior three-year average of $41 million (bottom 31%); a net margin of -67.8% against -81.4% before (top 43%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-18.4%bottom 24% of its family
  • net income against the prior three years' average-18%bottom 31% of its family
  • net margin against its prior average+13.6 pointstop 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton RCEL · research, not advice