---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-134185"
form_type: "8-K"
ticker: null
cik: "0001531978"
company_name: "Paragon 28, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:52:47.083665+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Paragon 28 Q1 revenue $61.1M (+17.4% YoY); net loss $15.2M vs $9.1M; reaffirms FY guidance $249-259M

## Summary
- Consolidated net revenue $61.1M (record), up 17.4% YoY; U.S. $51.1M (+13.5%), international $10.0M (+42.2%).
- Gross profit margin 80.0% vs 82.9% YoY; operating expenses $61.8M, up 21.5%.
- Net loss $15.2M vs $9.1M; adjusted EBITDA loss $5.5M vs $1.4M.
- Reaffirms 2024 net revenue guidance of $249M-$259M (15.1%-19.7% reported growth).

## SEC filing metadata
- accession: 0001193125-24-134185
- form_type: 8-K
- cik: 0001531978
- company_name: Paragon 28, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1531978/000119312524134185/0001193125-24-134185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1531978/000119312524134185/d829713d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-134185
- JSON: https://secwatch.observer/filing/0001193125-24-134185.json
- Plain text: https://secwatch.observer/filing/0001193125-24-134185.txt

## Key facts
- Earnings Releases
  Paragon 28, Inc. reported the quarter ended March 31, 2024 results: revenue $61.1 million, net income $15.2 million. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $61.1 million
  - Net income: $15.2 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: ended March 31, 2024, and reaffirmed its 2024 net revenue guidance. First Quarter 2024 Financial Results • Consolidated net revenue for the first quarter of 2024 was a record $61.1 million, representing 17.4% reported and constant currency growth over the first quarter of 2023. Foreign currency impact on first quarter 2024 reported net revenue growth was not
  evidence_url: https://www.sec.gov/Archives/edgar/data/1531978/000119312524134185/0001193125-24-134185-index.htm

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