NASDAQ : OM
Outset Medical, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 4.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 78.76M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Outset Medical, Inc. (OM) reported revenue of 117.80M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 117.80M | 119.48M | 113.69M | 130.38M | 115.38M | 102.60M |
| Cost of Revenue | 68.61M | 72.72M | 74.55M | 101.25M | 97.54M | 94.99M |
| Gross Profit | 49.20M | 46.75M | 39.14M | 29.13M | 17.83M | 7.61M |
| Selling, General & Admin | 93.78M | 92.27M | 110.67M | 139.80M | 130.00M | 101.39M |
| Research & Development | 21.46M | 21.20M | 36.29M | 56.57M | 48.85M | 36.74M |
| Operating Expenses | 115.24M | 113.47M | 146.96M | 196.37M | 178.85M | 138.13M |
| Operating Income | -66.05M | -66.71M | -107.82M | -167.24M | -161.02M | -130.52M |
| Interest Expense | -13.73M | -13.95M | -23.87M | -12.68M | -3.57M | -1.72M |
| Interest & Investment Income | 6.41M | 7.41M | 9.76M | 10.17M | 3.29M | 498.00K |
| EBT Excluding Unusual Items | -73.36M | -73.26M | -121.93M | -169.74M | -161.29M | -131.74M |
| Merger & Restructuring Charges | 8.00K | 8.00K | -5.55M | -2.53M | ||
| Other Unusual Items | -7.68M | -1.37M | ||||
| Pretax Income | -73.36M | -80.94M | -127.48M | -172.27M | -162.66M | -131.74M |
| Income Tax Expense | 936.00K | 718.00K | 491.00K | 523.00K | 295.00K | 199.00K |
| Earnings From Continuing Operations | -81.65M | -127.98M | -172.80M | -162.96M | -131.94M | |
| Net Income | -74.29M | -81.65M | -127.98M | -172.80M | -162.96M | -131.94M |
| Net Income to Common | -74.29M | -81.65M | -127.98M | -172.80M | -162.96M | -131.94M |
| Shares Outstanding (Basic) | 18.25M | 15.21M | 3.46M | 3.31M | 3.21M | 3.04M |
| Shares Outstanding (Diluted) | 18.25M | 15.21M | 3.46M | 3.31M | 3.21M | 3.04M |
| EPS (Basic) | -4.07 | -5.37 | -36.96 | -52.28 | -50.75 | -43.41 |
| EPS (Diluted) | -4.07 | -5.37 | -36.96 | -52.28 | -50.75 | -43.41 |
| Free Cash Flow | -38.88M | -47.12M | -117.22M | -134.81M | -154.05M | -133.37M |
| Free Cash Flow Per Share | -2.13 | -3.10 | -33.85 | -40.79 | -47.98 | -43.88 |
| Gross Margin | 41.76% | 39.13% | 34.43% | 22.34% | 15.46% | 7.41% |
| Operating Margin | -56.06% | -55.84% | -94.84% | -128.27% | -139.56% | -127.21% |
| Profit Margin | -63.06% | -68.34% | -112.57% | -132.54% | -141.24% | -128.59% |
| Free Cash Flow Margin | -33.00% | -39.44% | -103.10% | -103.40% | -133.53% | -129.99% |
| EBITDA | -62.73M | -62.37M | -102.09M | -161.43M | -155.85M | -125.36M |
| EBITDA Margin | -53.25% | -52.20% | -89.80% | -123.82% | -135.08% | -122.18% |
| D&A For EBITDA | 3.31M | 4.34M | 5.73M | 5.81M | 5.17M | 5.16M |
| EBIT | -66.05M | -66.71M | -107.82M | -167.24M | -161.02M | -130.52M |
| EBIT Margin | -56.06% | -55.84% | -94.84% | -128.27% | -139.56% | -127.21% |
| Revenue as Reported | 117.80M | 119.48M | 113.69M | 130.38M | 115.38M | 102.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 35.01M | 35.01M | 124.01M | 68.51M | 73.22M | 182.35M |
| Short-Term Investments | 112.19M | 133.94M | 34.67M | 134.81M | 214.28M | 157.14M |
| Cash & Short-Term Investments | 147.19M | 168.95M | 158.69M | 203.32M | 287.50M | 339.49M |
| Receivables | 29.22M | 28.33M | 35.62M | 32.98M | 28.07M | 25.60M |
| Inventory | 47.31M | 47.61M | 59.39M | 49.22M | 51.48M | 39.19M |
| Prepaid Expenses | 4.12M | 6.00M | 4.53M | 5.70M | 6.60M | 5.53M |
| Total Current Assets | 227.85M | 250.88M | 258.22M | 291.22M | 373.64M | 409.80M |
| Property, Plant & Equipment | 10.29M | 9.47M | 12.07M | 18.65M | 21.99M | 20.20M |
| Other Long-Term Assets | 4.24M | 4.15M | 5.50M | 3.93M | 4.48M | 33.47M |
| Total Assets | 242.38M | 264.50M | 275.80M | 313.80M | 400.12M | 463.46M |
| Accounts Payable | 4.46M | 554.00K | 3.86M | 5.83M | 603.00K | 1.76M |
| Accrued Expenses | 15.98M | 16.10M | 21.94M | 26.70M | 30.64M | 34.72M |
| Current Portion of Leases | 2.59M | 1.74M | 1.80M | 1.59M | 1.32M | 1.15M |
| Current Unearned Revenue | 14.04M | 13.79M | 12.75M | 11.73M | 8.66M | 6.34M |
| Other Current Liabilities | 6.82M | 5.44M | 5.03M | 9.47M | 10.73M | 7.72M |
| Total Current Liabilities | 43.89M | 37.63M | 45.38M | 55.32M | 51.95M | 51.70M |
| Long-Term Debt | 97.65M | 96.24M | 197.38M | 130.11M | 96.34M | 29.76M |
| Long-Term Leases | 4.21M | 3.27M | 2.68M | 4.48M | 5.58M | 6.89M |
| Long-Term Unearned Revenue | 302.00K | 406.00K | 844.00K | 101.00K | 151.00K | 312.00K |
| Other Long-Term Liabilities | 2.69M | 896.00K | 113.00K | 721.00K | ||
| Total Liabilities | 146.05M | 137.54M | 248.98M | 190.91M | 154.12M | 89.38M |
| Common Stock | 19.00K | 18.00K | 4.00K | 50.00K | 48.00K | 47.00K |
| Additional Paid-In Capital | 1.30B | 1.30B | 1.12B | 1.08B | 1.04B | 1.00B |
| Retained Earnings | -1.21B | -1.17B | -1.09B | -961.75M | -788.95M | -625.99M |
| Comprehensive Income & Other | -136.00K | 172.00K | 42.00K | 68.00K | -564.00K | -184.00K |
| Total Common Equity | 96.34M | 126.95M | 26.82M | 122.89M | 245.99M | 374.08M |
| Shareholders' Equity | 96.34M | 126.95M | 26.82M | 122.89M | 245.99M | 374.08M |
| Total Liabilities & Equity | 242.38M | 264.50M | 275.80M | 313.80M | 400.12M | 463.46M |
| Total Debt | 104.45M | 101.25M | 201.86M | 136.19M | 103.23M | 37.81M |
| Net Cash (Debt) | 42.74M | 67.70M | -43.17M | 67.14M | 184.27M | 301.68M |
| Net Cash Per Share | 2.34 | 4.45 | -12.47 | 20.31 | 57.39 | 99.26 |
| Filing Date Shares Outstanding | 18.80M | 18.31M | 3.59M | 3.37M | 3.24M | 3.16M |
| Total Common Shares Outstanding | 18.80M | 18.17M | 3.53M | 3.35M | 3.23M | 3.15M |
| Working Capital | 183.96M | 213.25M | 212.84M | 235.90M | 321.70M | 358.11M |
| Book Value Per Share | 5.13 | 6.99 | 7.60 | 36.63 | 76.13 | 118.78 |
| Tangible Book Value | 96.34M | 126.95M | 26.82M | 122.89M | 245.99M | 374.08M |
| Tangible Book Value Per Share | 5.13 | 6.99 | 7.60 | 36.63 | 76.13 | 118.78 |
| Machinery | 19.47M | 18.60M | 18.73M | 16.16M | 12.47M | |
| Construction In Progress | 523.00K | 637.00K | 769.00K | 4.77M | 874.00K | |
| Leasehold Improvements | 9.58M | 9.69M | 9.62M | 5.04M | 4.86M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -74.29M | -81.65M | -127.98M | -172.80M | -162.96M | -131.94M |
| Depreciation & Amortization | 3.31M | 4.34M | 5.73M | 5.81M | 5.17M | 5.16M |
| Loss (Gain) From Sale of Assets | 3.00K | 5.00K | 53.00K | 106.00K | 39.00K | |
| Loss (Gain) From Sale of Investments | -2.02M | -2.25M | -4.72M | -6.37M | 449.00K | 1.97M |
| Stock-Based Compensation | 15.29M | 15.62M | 29.36M | 38.63M | 27.20M | 17.45M |
| Provision & Write-off of Bad Debts | 2.63M | 3.52M | 2.37M | 184.00K | ||
| Other Operating Activities | 4.57M | 11.90M | 4.57M | 3.83M | 5.47M | 2.69M |
| Change in Accounts Receivable | 3.04M | 3.77M | -5.01M | -5.09M | -2.51M | -19.14M |
| Change in Inventory | 4.59M | 11.79M | -10.86M | 1.65M | -14.73M | -22.04M |
| Change in Accounts Payable | 3.04M | -3.29M | -1.95M | 5.31M | -1.28M | -3.07M |
| Change in Unearned Revenue | -251.00K | 604.00K | 1.77M | 3.02M | 2.16M | 2.88M |
| Change in Other Net Operating Assets | 1.76M | -10.68M | -9.64M | -5.65M | -4.79M | 15.76M |
| Operating Cash Flow | -38.32M | -46.33M | -116.30M | -131.37M | -145.73M | -130.26M |
| Capital Expenditures | -559.00K | -798.00K | -912.00K | -3.44M | -8.32M | -3.11M |
| Investment in Securities | 34.18M | -96.89M | 104.85M | 86.47M | -57.97M | -139.40M |
| Investing Cash Flow | 33.62M | -97.68M | 103.94M | 83.03M | -66.30M | -142.51M |
| Long-Term Debt Issued | 98.27M | 66.52M | 33.23M | 96.06M | ||
| Long-Term Debt Repaid | -204.95M | -31.20M | ||||
| Net Debt Issued (Repaid) | -93.00K | -106.68M | 66.52M | 33.23M | 64.86M | |
| Issuance of Common Stock | 737.00K | 639.00K | 2.28M | 10.43M | 8.04M | 160.15M |
| Other Financing Activities | -938.00K | |||||
| Financing Cash Flow | 644.00K | 55.50M | 67.87M | 43.65M | 72.90M | 160.15M |
| Net Cash Flow | -4.05M | -88.51M | 55.51M | -4.70M | -139.13M | -112.62M |
| Free Cash Flow | -38.88M | -47.12M | -117.22M | -134.81M | -154.05M | -133.37M |
| Free Cash Flow Margin | -33.00% | -39.44% | -103.10% | -103.40% | -133.53% | -129.99% |
| Free Cash Flow Per Share | -2.13 | -3.10 | -33.85 | -40.79 | -47.98 | -43.88 |
| Levered Free Cash Flow | -14.68M | -21.35M | -69.93M | -70.09M | -94.56M | -87.69M |
| Unlevered Free Cash Flow | -6.10M | -12.63M | -55.01M | -62.17M | -92.33M | -86.61M |
| Cash Interest Paid | 10.87M | 15.63M | 20.68M | 10.85M | 3.19M | 1.15M |
| Cash Income Tax Paid | 905.00K | 447.00K | 593.00K | 491.00K | 385.00K | 83.00K |
| Change in Working Capital | 12.19M | 2.20M | -25.69M | -773.00K | -21.14M | -25.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 75.75M | 67.35M | 58.32M | 271.61M | 1.25B | 2.17B |
| Enterprise Value | 33.01M | -8.77M | 84.77M | 180.84M | 1.06B | 1.84B |
| Last Close Price | 4.03 | 3.71 | 16.65 | 81.15 | 387.30 | 691.35 |
| PS Ratio | 0.64 | 0.56 | 0.51 | 2.08 | 10.81 | 21.16 |
| PB Ratio | 0.79 | 0.53 | 2.17 | 2.21 | 5.07 | 5.80 |
| P/TBV Ratio | 0.79 | 0.53 | 2.17 | 2.21 | 5.07 | 5.80 |
| EV/Sales Ratio | 0.28 | 0.75 | 1.39 | 9.16 | 17.89 | |
| Debt / Equity Ratio | 1.08 | 0.80 | 7.53 | 1.11 | 0.42 | 0.10 |
| Net Debt / Equity Ratio | -0.44 | -0.53 | 1.61 | -0.55 | -0.75 | -0.81 |
| Net Debt / EBITDA Ratio | 0.68 | 1.08 | -0.42 | 0.42 | 1.18 | 2.41 |
| Net Debt / FCF Ratio | 1.10 | 1.44 | -0.37 | 0.50 | 1.20 | 2.26 |
| Asset Turnover | 0.44 | 0.44 | 0.39 | 0.36 | 0.27 | 0.24 |
| Inventory Turnover | 1.38 | 1.36 | 1.37 | 2.01 | 2.15 | 3.30 |
| Quick Ratio | 4.02 | 5.24 | 4.28 | 4.27 | 6.08 | 7.06 |
| Current Ratio | 5.19 | 6.67 | 5.69 | 5.26 | 7.19 | 7.93 |
| Return on Equity (ROE) | -59.17% | -106.20% | -170.97% | -93.69% | -52.56% | -37.55% |
| Return on Assets (ROA) | -15.54% | -15.43% | -22.86% | -29.28% | -23.31% | -18.81% |
| Return on Capital Employed (ROCE) | -33.30% | -29.40% | -46.80% | -64.70% | -46.20% | -31.70% |
| Earnings Yield | -101.02% | -121.24% | -219.43% | -63.62% | -13.06% | -6.08% |
| FCF Yield | -51.32% | -69.97% | -200.98% | -49.63% | -12.35% | -6.14% |
| Buyback Yield / Dilution | -129.26% | -339.24% | -4.78% | -2.94% | -5.64% | -178.69% |