Organogenesis Holdings Inc.
ORGO · Pharmaceutical Preparations · 128.7M shares · +9%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $16M (gross $25M, SBC $9M)
Reference price $2.68 · est. market cap ~$345M — last insider purchase, 2026-03-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Regenerative-medicine company (wound care/surgical) — profitable with strong returns, slight FCF burn.
Strengths
- Profitable with strong returns — operating margin 8% (79th), ROE 12% (78th), ROA 6% (91st)
- Growing — revenue +17%
Risks
- Slight free-cash-flow burn — FCF -$24M
- Reimbursement (LCD/coverage) risk — per 10-K
- Product-concentration risk — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Cash burnNegative free cash flow (-24.5M)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Material weakness• We have remediated our previously reported material weaknesses as of December 31, 2024
- Chronic dilutionShare count +9%/yr over 4y (dilution, book value/share -13%)
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
- Revenue declineRevenue -83.5% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
7.9%
Net margin
6.6%
Return on equity
12.3%
Return on assets
6.2%
Revenue growth (QoQ)
-83.5%
Current ratio
3.6×
Free cash flow
-$24M
EBITDA
$60M
Tangible book value
$262M
Cash & investments
$94M
Cash runway
15q
Stock comp / revenue
2.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-09 | Leibowitz Arthur S | Buy | 5.0K | $2.68 |
| 2026-03-09 | Driscoll Michael Joseph | Buy | 10K | $2.67 |
| 2026-03-01 | Cavorsi Robert | Tax withheld | 700 | $3.21 |
| 2026-02-18 | Gillheeney Gary S. | Grant | 189K | — |
| 2026-02-18 | Gillheeney Gary S. | Tax withheld | 91K | $3.84 |
| 2026-02-18 | Grow Brian | Grant | 49K | — |
| 2026-02-18 | Grow Brian | Tax withheld | 12K | $3.84 |
| 2026-02-18 | Bilbo Patrick | Grant | 49K | — |
| 2026-02-18 | Bilbo Patrick | Tax withheld | 16K | $3.84 |
| 2026-02-18 | Francisco David | Grant | 44K | — |
| 2026-02-18 | Francisco David | Tax withheld | 15K | $3.84 |
| 2026-02-18 | Cavorsi Robert | Grant | 16K | — |
| 2026-02-18 | Cavorsi Robert | Tax withheld | 5.5K | $3.84 |
| 2026-02-18 | Freedman Lori | Grant | 43K | — |
| 2026-02-18 | Freedman Lori | Tax withheld | 14K | $3.84 |
| 2026-02-18 | Freedman Lori | Grant | 203K | — |
| 2026-02-18 | Freedman Lori | Grant | 43K | — |
| 2026-02-18 | Freedman Lori | Tax withheld | 14K | $3.84 |
| 2026-02-18 | Cavorsi Robert | Grant | 94K | — |
| 2026-02-18 | Cavorsi Robert | Grant | 16K | — |
| 2026-02-18 | Cavorsi Robert | Tax withheld | 5.4K | $3.84 |
| 2026-02-18 | Francisco David | Grant | 195K | — |
| 2026-02-18 | Francisco David | Grant | 44K | — |
| 2026-02-18 | Francisco David | Tax withheld | 15K | $3.84 |
| 2026-02-18 | Grow Brian | Grant | 234K | — |
| 2026-02-18 | Grow Brian | Grant | 48K | — |
| 2026-02-18 | Grow Brian | Tax withheld | 12K | $3.84 |
| 2026-02-18 | Bilbo Patrick | Grant | 211K | — |
| 2026-02-18 | Bilbo Patrick | Grant | 49K | — |
| 2026-02-18 | Bilbo Patrick | Tax withheld | 16K | $3.84 |
| 2026-02-18 | Gillheeney Gary S. | Grant | 891K | — |
| 2026-02-18 | Gillheeney Gary S. | Grant | 187K | — |
| 2026-02-18 | Gillheeney Gary S. | Tax withheld | 90K | $3.84 |
| 2026-02-18 | Driscoll Michael Joseph | Grant | 49K | — |
| 2026-02-18 | Giacomin Jon L | Grant | 49K | — |
| 2026-02-18 | Leibowitz Arthur S | Grant | 49K | — |
| 2026-02-18 | Montecalvo Antonio S. | Grant | 41K | — |
| 2026-02-18 | Montecalvo Antonio S. | Grant | 11K | — |
| 2026-02-18 | Montecalvo Antonio S. | Tax withheld | 3.7K | $3.84 |
| 2026-02-18 | Quintero Gilberto | Grant | 49K | — |
| 2026-02-18 | Duraibabu Prathyusha | Grant | 49K | — |
| 2026-02-18 | Korfin Michele Ilene | Grant | 49K | — |
| 2026-02-18 | Lustig Garrett | Grant | 49K | — |
| 2026-02-18 | Montecalvo Antonio S. | Grant | 11K | — |
| 2026-02-18 | Montecalvo Antonio S. | Tax withheld | 3.8K | $3.84 |
| 2026-02-15 | Cavorsi Robert | Tax withheld | 6.7K | $3.73 |
| 2026-02-15 | Francisco David | Tax withheld | 3.9K | $3.73 |
| 2026-02-15 | Francisco David | Tax withheld | 21K | $3.73 |
| 2026-02-15 | Francisco David | Tax withheld | 13K | $3.73 |
| 2026-02-15 | Francisco David | Tax withheld | 14K | $3.73 |
| 2026-02-15 | Bilbo Patrick | Tax withheld | 5.1K | $3.73 |
| 2026-02-15 | Bilbo Patrick | Tax withheld | 28K | $3.73 |
| 2026-02-15 | Bilbo Patrick | Tax withheld | 16K | $3.73 |
| 2026-02-15 | Bilbo Patrick | Tax withheld | 15K | $3.73 |
| 2026-02-15 | Cavorsi Robert | Tax withheld | 5.5K | $3.73 |
| 2026-02-15 | Cavorsi Robert | Tax withheld | 5.4K | $3.73 |
| 2026-02-15 | Freedman Lori | Tax withheld | 4.0K | $3.73 |
| 2026-02-15 | Freedman Lori | Tax withheld | 24K | $3.73 |
| 2026-02-15 | Freedman Lori | Tax withheld | 13K | $3.73 |
| 2026-02-15 | Freedman Lori | Tax withheld | 14K | $3.73 |
| 2026-02-15 | Gillheeney Gary S. | Tax withheld | 24K | $3.73 |
| 2026-02-15 | Gillheeney Gary S. | Tax withheld | 79K | $3.73 |
| 2026-02-15 | Gillheeney Gary S. | Tax withheld | 83K | $3.73 |
| 2026-02-15 | Gillheeney Gary S. | Tax withheld | 86K | $3.73 |
| 2026-02-15 | Grow Brian | Tax withheld | 3.3K | $3.73 |
| 2026-02-15 | Grow Brian | Tax withheld | 19K | $3.73 |
| 2026-02-15 | Grow Brian | Tax withheld | 11K | $3.73 |
| 2026-02-15 | Grow Brian | Tax withheld | 11K | $3.73 |
| 2026-02-15 | Montecalvo Antonio S. | Tax withheld | 1.4K | $3.73 |
| 2026-02-15 | Montecalvo Antonio S. | Tax withheld | 9.6K | $3.73 |
| 2026-02-15 | Montecalvo Antonio S. | Tax withheld | 4.1K | $3.73 |
| 2026-02-15 | Montecalvo Antonio S. | Tax withheld | 3.5K | $3.73 |
| 2025-12-16 | NUSSDORF GLENN H | Sell | 200K | $5.14 |
| 2025-11-26 | NUSSDORF GLENN H | Sell | 188K | $5.29 |
| 2025-11-25 | NUSSDORF GLENN H | Sell | 12K | $5.30 |
| 2025-11-24 | NUSSDORF GLENN H | Sell | 100K | $5.34 |
| 2025-08-11 | Grow Brian | Tax withheld | 2.2K | $4.62 |
| 2025-08-11 | Grow Brian | Option exercise | 4.1K | $2.47 |
| 2025-07-16 | Cavorsi Robert | Tax withheld | 360 | $4.46 |
| 2025-06-10 | NUSSDORF GLENN H | Sell | 19K | $3.56 |
| 2025-06-09 | NUSSDORF GLENN H | Sell | 4.2K | $3.50 |
| 2025-06-06 | Freedman Lori | Buy | 9.0K | $2.99 |
| 2025-06-05 | Freedman Lori | Buy | 142K | $2.91 |
| 2025-06-04 | Freedman Lori | Buy | 101K | $2.82 |
| 2025-05-15 | NUSSDORF GLENN H | Buy | 107K | $2.99 |
| 2025-05-14 | NUSSDORF GLENN H | Buy | 251K | $3.09 |
| 2025-03-09 | Cavorsi Robert | Tax withheld | 210 | $5.16 |
| 2025-03-09 | Cavorsi Robert | Tax withheld | 61 | $5.16 |
| 2025-03-04 | Driscoll Michael Joseph | Sell | 25K | $5.10 |
| 2025-03-01 | Cavorsi Robert | Tax withheld | 667 | $6.21 |
| 2025-02-19 | Cavorsi Robert | Grant | 62K | — |
| 2025-02-19 | Leibowitz Arthur S | Grant | 50K | — |
| 2025-02-19 | Korfin Michele Ilene | Grant | 50K | — |
| 2025-02-19 | Gillheeney Gary S. | Grant | 708K | — |
| 2025-02-19 | Giacomin Jon L | Grant | 50K | — |
| 2025-02-19 | Duraibabu Prathyusha | Grant | 50K | — |
| 2025-02-19 | Driscoll Michael Joseph | Grant | 50K | — |
| 2025-02-19 | Bilbo Patrick | Grant | 184K | — |
| 2025-02-19 | Montecalvo Antonio S. | Grant | 42K | — |
| 2025-02-19 | Grow Brian | Grant | 183K | — |
| 2025-02-19 | Freedman Lori | Grant | 162K | — |
| 2025-02-19 | Francisco David | Grant | 165K | — |
| 2025-02-19 | Quintero Gilberto | Grant | 50K | — |
| 2025-02-19 | Lustig Garrett | Grant | 50K | — |
| 2025-02-16 | Montecalvo Antonio S. | Tax withheld | 719 | $3.70 |
| 2025-02-16 | Grow Brian | Tax withheld | 656 | $3.70 |
| 2025-02-16 | Francisco David | Tax withheld | 804 | $3.70 |
| 2025-02-16 | Gillheeney Gary S. | Tax withheld | 6.1K | $3.70 |
| 2025-02-16 | Freedman Lori | Tax withheld | 646 | $3.70 |
| 2025-02-16 | Bilbo Patrick | Tax withheld | 790 | $3.70 |
| 2025-02-15 | Grow Brian | Tax withheld | 11K | $3.70 |
| 2025-02-15 | Cavorsi Robert | Tax withheld | 5.0K | $3.70 |
| 2025-02-15 | Cavorsi Robert | Tax withheld | 6.0K | $3.70 |
| 2025-02-15 | Montecalvo Antonio S. | Tax withheld | 3.5K | $3.70 |
| 2025-02-15 | Montecalvo Antonio S. | Tax withheld | 8.7K | $3.70 |
| 2025-02-15 | Montecalvo Antonio S. | Tax withheld | 1.3K | $3.70 |
| 2025-02-15 | Gillheeney Gary S. | Tax withheld | 83K | $3.70 |
| 2025-02-15 | Gillheeney Gary S. | Tax withheld | 109K | $3.70 |
| 2025-02-15 | Gillheeney Gary S. | Tax withheld | 34K | $3.70 |
| 2025-02-15 | Grow Brian | Tax withheld | 19K | $3.70 |
| 2025-02-15 | Grow Brian | Tax withheld | 2.7K | $3.70 |
| 2025-02-15 | Bilbo Patrick | Tax withheld | 14K | $3.70 |
| 2025-02-15 | Bilbo Patrick | Tax withheld | 26K | $3.70 |
| 2025-02-15 | Bilbo Patrick | Tax withheld | 3.9K | $3.70 |
| 2025-02-15 | Freedman Lori | Tax withheld | 11K | $3.70 |
| 2025-02-15 | Freedman Lori | Tax withheld | 22K | $3.70 |
| 2025-02-15 | Freedman Lori | Tax withheld | 3.1K | $3.70 |
| 2025-02-15 | Francisco David | Tax withheld | 12K | $3.70 |
| 2025-02-15 | Francisco David | Tax withheld | 20K | $3.70 |
| 2025-02-15 | Francisco David | Tax withheld | 3.0K | $3.70 |
| 2025-01-10 | Grow Brian | Option exercise | 958 | $1.24 |
| 2025-01-09 | Ades Alan A. | Gift | 6.4M | — |
| 2025-01-09 | Ades Alan A. | Gift | 6.4M | — |
| 2025-01-09 | Ades Alan A. | Gift | 6.4M | — |
| 2025-01-09 | Ades Alan A. | Gift | 6.4M | — |
| 2025-01-09 | Ades Alan A. | Gift | 6.4M | — |
| 2025-01-09 | Ades Alan A. | Gift | 6.4M | — |
| 2024-12-31 | Ades Alan A. | Gift | 1.7M | — |
| 2024-12-31 | Ades Alan A. | Gift | 1.7M | — |
| 2024-12-31 | Ades Alan A. | Gift | 1.7M | — |
| 2024-12-31 | Ades Alan A. | Gift | 1.7M | — |
| 2024-12-31 | Ades Alan A. | Gift | 1.7M | — |
| 2024-12-31 | Ades Alan A. | Gift | 1.7M | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Exec/director changeShareholder vote | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-02-26 | ResultsExhibits | filing ↗ |
| 2026-02-23 | Exec/director change | filing ↗ |
| 2025-12-29 | Material agreementExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-09-25 | Reg FDOtherExhibits | filing ↗ |
| 2025-08-07 | Material agreementResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-15 | 0001193125-26-272710 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001661181-26-000008 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001661181-26-000007 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-076730 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001193125-26-076595 ↗ |
| 8-K | 2026-02-23 | 2026-02-18 | 0001193125-26-064270 ↗ |
| 8-K | 2025-12-29 | 2025-12-22 | 0001193125-25-335425 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-269697 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001193125-25-269654 ↗ |
| 8-K | 2025-09-25 | 2025-09-25 | 0001193125-25-217810 ↗ |
| 8-K | 2025-08-07 | 2025-08-05 | 0000950170-25-105032 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0000950170-25-105048 ↗ |