Total

Stockholders’

Deficit

Non-

Accumulated

Adjustment

Accumulated

Attributable to

Adjustment

Attributable to

controlling

Adjustment

controlling

Deficit

Noncontrolling Interest

Deficit

biote Corp.

Noncontrolling Interest

biote Corp.

Interest

Noncontrolling Interest

Interest

(in thousands)

As Previously Reported

Re-allocation

As Revised

As Previously Reported

Re-allocation

As Revised

As Previously Reported

Re-allocation

As Revised

Balance at December 31, 2023

$

(29,391

)

$

—

(29,391

)

$

(29,397

)

$

—

$

(29,397

)

$

(7,149

)

$

—

$

(7,149

)

Distributions

—

—

—

—

—

—

(2,112

)

—

(2,112

)

Net loss

(2,070

)

(2,091

)

(4,161

)

(2,070

)

(2,091

)

(4,161

)

(3,740

)

2,175

(1,565

)

Other comprehensive income (loss)

—

—

—

(2

)

—

(2

)

(3

)

—

(3

)

Share-based compensation

1,763

—

1,763

1,763

—

1,763

—

—

—

Vesting of RSUs

(155

)

65

(90

)

(155

)

65

(90

)

155

(65

)

90

Exercise of stock options

(1,831

)

900

(931

)

(1,831

)

900

(931

)

2,155

(900

)

1,255

Common stock repurchased

—

—

—

(4,088

)

—

(4,088

)

—

—

—

Shares issued in connection with acquisition

381

498

879

381

498

879

1,193

(498

)

695

Balance at March 31, 2024

$

(31,303

)

$

(628

)

$

(31,931

)

$

(35,399

)

$

(628

)

$

(36,027

)

$

(9,501

)

$

712

$

(8,789

)

Distributions

—

—

—

—

—

—

(2,091

)

—

(2,091

)

Net loss

(6,322

)

(765

)

(7,087

)

(6,322

)

(765

)

(7,087

)

(4,153

)

872

(3,281

)

Other comprehensive income (loss)

—

—

—

(3

)

—

(3

)

—

—

—

Share-based compensation

2,841

—

2,841

2,841

—

2,841

—

—

—

Vesting of RSUs

(19,536

)

1,777

(17,759

)

(19,543

)

1,777

(17,766

)

19,543

(1,777

)

17,766

Issuance of stock under purchase plans

(812

)

87

(725

)

(812

)

87

(725

)

958

(87

)

871

Exercise of stock options

(2,827

)

278

(2,549

)

(2,828

)

278

(2,550

)

3,066

(278

)

2,788

Common stock repurchased

—

—

(1,511

)

—

(1,511

)

—

—

—

Shares issued in connection with acquisition

267

—

267

267

—

267

—

—

—

Exchanges of Class V voting stock

4,022

(366

)

3,656

4,024

(366

)

3,658

(4,024

)

366

(3,658

)

Legal Settlement - Repurchase of Shares

(126,306

)

(192

)

(126,498

)

(126,308

)

(192

)

(126,500

)

(2,108

)

192

(1,916

)

Legal Settlement - Liabilities

41,424

—

41,424

41,424

—

41,424

—

—

—

TRA liability

829

—

829

829

—

829

—

—

—

Balance at June 30, 2024

$

(137,723

)

$

191

$

(137,532

)

$

(143,341

)

$

191

$

(143,150

)

$

1,690

$

—

$

1,690