---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-079227"
form_type: "8-K"
ticker: "BTMD"
cik: "0001819253"
company_name: "biote Corp."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:00:15.941688+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# biote Corp. restating 2022 Q2/Q3 results; earnout liability error, EPS revision

## Summary
- Audit committee determined Q2 and Q3 2022 unaudited financials should no longer be relied upon due to earnout valuation error.
- Error overstated earnout liability and gain/loss from change in fair value; restatement to reduce both.
- Changes in fair value of warrant and earnout liabilities will be attributed to operating subsidiary Holdings, not parent.
- Restatement will reduce basic and diluted earnings per share; no impact on revenue, operating income, or cash flows.
- Company does not believe the error stems from a material weakness in internal controls.

## SEC filing metadata
- accession: 0001193125-23-079227
- form_type: 8-K
- ticker: BTMD
- cik: 0001819253
- company_name: biote Corp.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819253/000119312523079227/0001193125-23-079227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819253/000119312523079227/d475596d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-079227
- JSON: https://secwatch.observer/filing/0001193125-23-079227.json
- Plain text: https://secwatch.observer/filing/0001193125-23-079227.txt

## Key facts
- Auditor Changes
  biote Corp. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: concluded that the Company’s previously issued unaudited interim condensed consolidated financial statements as of and for the three and six months ended June 30, 2022 and as of and for the three and nine months ended September 30, 2022 (the “Affected Financials”), each as previously filed with the SEC within the respective quarterly report on Form 10-Q, should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819253/000119312523079227/0001193125-23-079227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.