Haymaker Acquisition Corp. III

Haymaker Acquisition Corp. III (BTMD) reported total revenue of $192.2 million for fiscal year 2025, generating net income of $31.6 million. Net income attributable to biote Corp. stockholders was $27.0 million, with basic earnings per share of $1.00. The company achieved operating income of $35.6 million and comprehensive income attributable to stockholders of $31.6 million. Cash flow from operations was strong at $35.2 million, though net cash decreased by $15.2 million due to significant investing and financing activities including acquisitions and debt repayments. The balance sheet shows total assets of $107.6 million against total liabilities of $158.0 million, resulting in stockholders' deficit of $50.4 million. The company continues to address a previously identified material weakness in internal control over financial reporting that has not been remediated as of December 31, 2025.

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