Orthofix Medical Inc.
OFIX · Surgical & Medical Instruments & Apparatus · 40.4M shares · +18%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $28M (gross $63M, SBC $36M)
Reference price $9.38 · est. market cap ~$379M — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Spine/ortho-device maker with operating losses and cash burn this year.
Strengths
- High gross margin — 69%
- Adequate liquidity — current ratio 2.4 (44th)
Risks
- Operating/net losses — operating margin -10%, net margin -11%
- Cash burn — FCF -$31M
- Integration (SeaSpine merger) execution — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -11.2%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +18%/yr over 4y (dilution, book value/share -31%)
- Insider buyingInsider buying — 16 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, ~$4M, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 21 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$3M, last 6mo) Form 4 ↗
- Revenue declineRevenue -10.6% YoY
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
68.8%
Operating margin
-9.9%
Net margin
-11.2%
Return on equity
-20.5%
Return on assets
-10.8%
ROIC
-10.6%
Revenue growth (QoQ)
-10.6%
Debt / equity
0.3×
Current ratio
2.4×
EBITDA
-$4M
Tangible book value
$182M
Cash & investments
$82M
Stock comp / revenue
3.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | McPherron Aviva | Sell | 3.7K | $9.38 |
| 2026-06-10 | Bazaar Alan Lee | Grant | 15K | — |
| 2026-06-10 | Kummeth Charles R. | Grant | 15K | — |
| 2026-06-10 | Hannon Jason | Grant | 15K | — |
| 2026-06-10 | Finegan Michael | Grant | 21K | — |
| 2026-06-10 | CAPPS VICKIE L | Grant | 15K | — |
| 2026-06-10 | HENNEMAN JOHN B III | Grant | 15K | — |
| 2026-06-10 | BURRIS WAYNE | Grant | 15K | — |
| 2026-06-10 | Maniar Shweta | Grant | 15K | — |
| 2026-06-10 | Paolucci Michael E | Grant | 15K | — |
| 2026-05-22 | Juniper Investment Company, LLC | Sell | 242K | $10.70 |
| 2026-05-07 | HENNEMAN JOHN B III | Buy | 5.0K | $12.26 |
| 2026-05-07 | Engine Capital Management, LP | Buy | 18K | $12.20 |
| 2026-05-07 | Engine Capital Management, LP | Buy | 9.1K | $12.15 |
| 2026-05-07 | Engine Capital Management, LP | Buy | 1.8K | $12.20 |
| 2026-05-07 | Engine Capital Management, LP | Buy | 904 | $12.15 |
| 2026-05-06 | Engine Capital Management, LP | Buy | 38K | $12.23 |
| 2026-05-06 | Engine Capital Management, LP | Buy | 3.8K | $12.23 |
| 2026-05-05 | Engine Capital Management, LP | Buy | 110K | $11.99 |
| 2026-05-05 | Engine Capital Management, LP | Buy | 2.9K | $11.99 |
| 2026-04-16 | Cedron Jorge Andres | Sell | 3.7K | $12.82 |
| 2026-03-17 | Vitale Lucas | Sell | 4.3K | $11.92 |
| 2026-03-10 | CAPPS VICKIE L | Buy | 100 | $12.44 |
| 2026-03-10 | CAPPS VICKIE L | Buy | 2.4K | $12.45 |
| 2026-03-09 | CAPPS VICKIE L | Buy | 2.5K | $12.48 |
| 2026-03-05 | Fisher Patrick | Sell | 758 | $12.55 |
| 2026-03-05 | Andrews Julie | Sell | 2.4K | $12.55 |
| 2026-03-05 | McPherron Aviva | Sell | 1.3K | $12.55 |
| 2026-03-05 | Calafiore Massimo | Sell | 6.0K | $12.55 |
| 2026-03-05 | REINHARDT MAX | Sell | 1.1K | $12.55 |
| 2026-03-05 | Vitale Lucas | Sell | 1.1K | $12.55 |
| 2026-03-05 | Cedron Jorge Andres | Sell | 1.4K | $12.55 |
| 2026-03-04 | Andrews Julie | Sell | 2.4K | $12.92 |
| 2026-03-04 | Vitale Lucas | Sell | 1.2K | $12.92 |
| 2026-03-04 | Calafiore Massimo | Sell | 6.2K | $12.92 |
| 2026-03-04 | Fisher Patrick | Sell | 778 | $12.92 |
| 2026-03-04 | McPherron Aviva | Sell | 1.3K | $12.92 |
| 2026-03-04 | REINHARDT MAX | Sell | 1.1K | $12.92 |
| 2026-03-04 | Cedron Jorge Andres | Sell | 1.4K | $12.92 |
| 2026-03-03 | Calafiore Massimo | Grant | 115K | — |
| 2026-03-03 | McPherron Aviva | Grant | 23K | — |
| 2026-03-03 | Andrews Julie | Grant | 35K | — |
| 2026-03-03 | Cedron Jorge Andres | Grant | 23K | — |
| 2026-03-03 | Vitale Lucas | Grant | 19K | — |
| 2026-03-03 | Fisher Patrick | Grant | 21K | — |
| 2026-02-25 | Engine Capital Management, LP | Buy | 3.1K | $12.96 |
| 2026-02-25 | Engine Capital Management, LP | Buy | 10.0K | $12.96 |
| 2026-02-24 | Engine Capital Management, LP | Buy | 7.7K | $12.55 |
| 2026-02-24 | Engine Capital Management, LP | Buy | 117K | $12.55 |
| 2026-01-16 | Andrews Julie | Sell | 4.9K | $14.38 |
| 2026-01-12 | Calafiore Massimo | Sell | 9.8K | $15.21 |
| 2026-01-09 | Calafiore Massimo | Sell | 9.6K | $15.82 |
| 2025-08-18 | Fisher Patrick | Sell | 2.0K | $14.21 |
| 2025-07-02 | Engine Capital Management, LP | Buy | 1.2K | $11.11 |
| 2025-06-18 | Maniar Shweta | Grant | 19K | — |
| 2025-06-18 | HENNEMAN JOHN B III | Grant | 19K | — |
| 2025-06-18 | McPherron Aviva | Sell | 3.7K | $10.51 |
| 2025-06-18 | Bazaar Alan Lee | Grant | 19K | — |
| 2025-06-18 | Finegan Michael | Grant | 26K | — |
| 2025-06-18 | Paolucci Michael E | Grant | 19K | — |
| 2025-06-18 | CAPPS VICKIE L | Grant | 19K | — |
| 2025-06-18 | BURRIS WAYNE | Grant | 19K | — |
| 2025-06-18 | Kummeth Charles R. | Grant | 19K | — |
| 2025-06-18 | Hannon Jason | Grant | 19K | — |
| 2025-06-11 | REINHARDT MAX | Sell | 1.6K | $11.64 |
| 2025-06-04 | Bazaar Alan Lee | Buy | 2.2K | $10.92 |
| 2025-05-12 | Bazaar Alan Lee | Buy | 2.0K | $12.59 |
| 2025-05-09 | Calafiore Massimo | Buy | 10K | $12.54 |
| 2025-05-09 | Bazaar Alan Lee | Buy | 2.0K | $12.62 |
| 2025-05-07 | Engine Capital Management, LP | Buy | 83K | $12.31 |
| 2025-05-07 | Engine Capital Management, LP | Buy | 8.1K | $12.31 |
| 2025-05-07 | Engine Capital Management, LP | Buy | 8.5K | $12.31 |
| 2025-05-07 | Engine Capital Management, LP | Buy | 83K | $12.31 |
| 2025-05-07 | Engine Capital Management, LP | Buy | 8.1K | $12.31 |
| 2025-05-07 | Engine Capital Management, LP | Buy | 8.5K | $12.31 |
| 2025-04-16 | Cedron Jorge Andres | Sell | 3.8K | $13.31 |
| 2025-04-02 | Gillespie Geoffrey C | Sell | 76 | $15.74 |
| 2025-03-18 | Vitale Lucas | Sell | 4.3K | $16.60 |
| 2025-03-18 | Gillespie Geoffrey C | Sell | 296 | $16.60 |
| 2025-03-11 | CAPPS VICKIE L | Grant | 3.1K | — |
| 2025-03-05 | Calafiore Massimo | Buy | 9.9K | $17.43 |
| 2025-03-03 | Calafiore Massimo | Grant | 88K | — |
| 2025-03-03 | Andrews Julie | Grant | 35K | — |
| 2025-03-03 | REINHARDT MAX | Grant | 15K | — |
| 2025-03-03 | Gillespie Geoffrey C | Grant | 3.7K | — |
| 2025-03-03 | Vitale Lucas | Grant | 15K | — |
| 2025-03-03 | Fisher Patrick | Grant | 15K | — |
| 2025-03-03 | Cedron Jorge Andres | Grant | 18K | — |
| 2025-02-04 | Gillespie Geoffrey C | Sell | 187 | $18.08 |
| 2025-02-03 | Gillespie Geoffrey C | Sell | 767 | $17.79 |
| 2025-01-16 | Andrews Julie | Sell | 4.7K | $17.89 |
| 2025-01-13 | Calafiore Massimo | Sell | 9.2K | $17.14 |
| 2025-01-13 | Gillespie Geoffrey C | Sell | 227 | $17.14 |
| 2025-01-10 | Gillespie Geoffrey C | Sell | 248 | $16.83 |
| 2025-01-10 | Calafiore Massimo | Sell | 10K | $16.83 |
| 2025-01-08 | Gillespie Geoffrey C | Sell | 238 | $16.97 |
| 2025-01-07 | Gillespie Geoffrey C | Sell | 238 | $17.14 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-11 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-21 | Reg FD | filing ↗ |
| 2026-05-05 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-09 | ResultsExec/director changeExhibits | filing ↗ |
| 2026-02-24 | ResultsReg FDExhibits | filing ↗ |
| 2025-11-04 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-06-20 | Shareholder voteExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-11 | 0001193125-26-266679 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001193125-26-233429 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001193125-26-205003 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001193125-26-204999 ↗ |
| 8-K | 2026-04-09 | 2026-04-09 | 0001193125-26-148853 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001193125-26-065184 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001193125-26-065189 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001193125-25-263670 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001193125-25-263529 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0000950170-25-102383 ↗ |
| 10-Q | 2025-08-05 | 2025-06-30 | 0000950170-25-102384 ↗ |
| 8-K | 2025-06-20 | 2025-06-18 | 0000950170-25-088194 ↗ |