Outset Medical, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:44:07Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -47.13M | -117.22M | -134.81M | -154.05M | -133.37M | -108.10M |
| EBITDA | -62.37M | -107.65M | -163.96M | -155.85M | -125.36M | -114.31M |
| Working Capital | 213.25M | 212.84M | 235.90M | 321.70M | 358.11M | 309.22M |
| Net Debt | 66.24M | 77.84M | 67.68M | 30.01M | -144.54M | -256.37M |
| Gross Margin | 39.13% | 33.92% | 22.24% | 15.46% | 7.42% | -26.11% |
| Operating Margin | -55.83% | -99.72% | -130.22% | -139.56% | -127.21% | -235.24% |
| Net Margin | -68.34% | -112.57% | -132.54% | -141.24% | -128.59% | -243.30% |
| Return on Equity (ROE) | -64.32% | -477.18% | -140.62% | -66.25% | -35.27% | -36.97% |
| Return on Assets (ROA) | -30.87% | -46.40% | -55.07% | -40.73% | -28.47% | -30.09% |
| Current Ratio | 6.67× | 5.69× | 5.26× | 7.19× | 7.93× | 9.43× |
| Debt-to-Equity | 0.80× | 7.53× | 1.11× | 0.42× | 0.10× | 0.12× |
| Effective Tax Rate | -0.89% | -0.39% | -0.30% | -0.18% | -0.15% | 0.00% |
| Cash Conversion Ratio | 0.57× | 0.91× | 0.76× | 0.89× | 0.99× | 0.81× |
| Accruals Ratio | -0.13× | -0.04× | -0.13× | -0.04× | -0.00× | -0.06× |
| SBC % of Revenue | 13.07% | 25.82% | 29.63% | 23.58% | 17.00% | 42.93% |
| CapEx Coverage | -58.05× | -127.53× | -38.19× | -17.50× | -41.91× | -10.90× |
| Free Cash Flow Per Share | $-3.10 | $-33.85 | $-40.79 | $-3198.73 | $-2925.53 | $-6.61 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 119.48M | 113.69M | 130.38M | 115.38M | 102.60M | 49.94M |
| Cost of Goods and Services Sold | 72.72M | 75.13M | 101.38M | 97.54M | 94.99M | 62.97M |
| Gross Profit | 46.75M | 38.56M | 29.00M | 17.83M | 7.61M | -13.04M |
| Research and Development Expense | 21.23M | 38.40M | 57.31M | 48.85M | 36.74M | 28.85M |
| Operating Expenses | 113.46M | 151.94M | 198.77M | 178.85M | 138.13M | 104.43M |
| Operating Income (Loss) | -66.71M | -113.38M | -169.77M | -161.02M | -130.52M | -117.47M |
| Income Tax Expense (Benefit) | 718.00K | 491.00K | 523.00K | 295.00K | 199.00K | 0 |
| Net Income (Loss) Attributable to Parent | -81.65M | -127.98M | -172.80M | -162.96M | -131.94M | -121.49M |
| Earnings Per Share, Basic | $-5.37 | $-36.96 | $-52.28 | $-3.38 | $-2.89 | $-4.85 |
| Weighted Average Number of Shares Outstanding, Basic | 15.21M | 3.46M | 3.31M | 48,161 | 45,589 | 16.36M |
| Earnings Per Share, Diluted | $-5.37 | $-36.96 | $-52.28 | $-3.38 | $-2.89 | $-4.85 |
| Weighted Average Number of Shares Outstanding, Diluted | 15.21M | 3.46M | 3.31M | 48,161 | 45,589 | 16.36M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 35.01M | 124.01M | 68.51M | 73.22M | 182.35M | 294.97M |
| Assets, Current | 250.88M | 258.22M | 291.22M | 373.64M | 409.80M | 345.91M |
| Assets | 264.50M | 275.80M | 313.80M | 400.12M | 463.46M | 403.83M |
| Long-term Debt | 96.24M | 197.38M | 130.11M | 96.34M | 29.76M | 29.67M |
| Liabilities, Current | 37.63M | 45.38M | 55.32M | 51.95M | 51.70M | 36.69M |
| Long-term Debt, Excluding Current Maturities | 96.24M | 197.38M | 130.11M | 96.34M | 29.76M | 29.67M |
| Liabilities | 137.54M | 248.98M | 190.91M | 154.13M | 89.38M | 75.22M |
| Stockholders' Equity Attributable to Parent | 126.95M | 26.82M | 122.89M | 245.99M | 374.08M | 328.61M |
| Common Stock, Shares, Outstanding | 18.17M | 3.53M | 50.32M | 48.47M | 47.24M | 42.72M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -46.33M | -116.30M | -131.37M | -145.73M | -130.26M | -99.02M |
| Payments to Acquire Property, Plant, and Equipment | 798.00K | 912.00K | 3.44M | 8.32M | 3.11M | 9.08M |
| Net Cash Provided by (Used in) Investing Activities | -97.68M | 103.94M | 83.03M | -66.30M | -142.51M | 3.95M |
| Net Cash Provided by (Used in) Financing Activities | 55.50M | 67.87M | 43.65M | 72.90M | 160.15M | 385.68M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -12.91M | -9.74M | -37.38M | -30.90M | -25.79M | -16.53M |
| EBITDA | -16.12M | -16.75M | — | — | -15.11M | -20.45M |
| Working Capital | 199.10M | 213.25M | 227.92M | 238.67M | 252.34M | 212.84M |
| Net Debt | 71.05M | 66.24M | 62.24M | 58.87M | 22.24M | 77.84M |
| Gross Margin | 43.41% | 42.36% | 39.38% | 37.77% | 37.19% | 36.47% |
| Operating Margin | -60.72% | -61.05% | -53.73% | -53.68% | -55.12% | -74.18% |
| Net Margin | -68.11% | -67.50% | -60.61% | -59.01% | -86.66% | -87.01% |
| Return on Equity (ROE) | -16.99% | -15.35% | -12.53% | -11.98% | -15.18% | -95.60% |
| Return on Assets (ROA) | -7.61% | -7.37% | -6.43% | -6.42% | -8.56% | -9.30% |
| Current Ratio | 6.29× | 6.67× | 7.09× | 7.47× | 8.37× | 5.69× |
| Debt-to-Equity | 0.91× | 0.80× | 0.69× | 0.64× | 0.58× | 7.53× |
| Effective Tax Rate | -1.16% | -0.49% | -2.32% | -0.56% | -0.45% | 0.02% |
| Cash Conversion Ratio | 0.68× | 0.49× | 2.06× | 1.64× | 1.00× | 0.64× |
| Accruals Ratio | -0.02× | -0.04× | 0.07× | 0.04× | -0.00× | -0.03× |
| SBC % of Revenue | 12.39% | 14.07% | 39.25% | 20.60% | 10.01% | 16.78% |
| CapEx Coverage | -183.49× | -42.70× | -64.01× | -73.46× | -208.64× | -383.44× |
| Free Cash Flow Per Share | $-0.70 | $-0.64 | $-2.10 | $-1.74 | $-3.66 | $-4.77 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 27.86M | 28.87M | 29.43M | 31.42M | 29.75M | 29.47M |
| Cost of Goods and Services Sold | 15.77M | 16.64M | 17.84M | 19.55M | 18.69M | 18.72M |
| Gross Profit | 12.10M | 12.23M | 11.59M | 11.87M | 11.07M | 10.75M |
| Research and Development Expense | 5.62M | 5.05M | 5.38M | 5.29M | 5.51M | 7.89M |
| Operating Expenses | 29.01M | 29.86M | 27.40M | 28.73M | 27.46M | 32.61M |
| Operating Income (Loss) | -16.92M | -17.63M | -15.81M | -16.86M | -16.40M | -21.86M |
| Income Tax Expense (Benefit) | 217.00K | 95.00K | 404.00K | 104.00K | 115.00K | -4.00K |
| Net Income (Loss) Attributable to Parent | -18.98M | -19.49M | -17.84M | -18.54M | -25.78M | -25.64M |
| Earnings Per Share, Basic | $-1.03 | $-1.00 | $-1.00 | $-1.04 | $-3.66 | $-7.25 |
| Weighted Average Number of Shares Outstanding, Basic | 18.37M | 15.21M | 17.78M | 17.74M | 7.04M | 3.46M |
| Earnings Per Share, Diluted | $-1.03 | $-1.00 | $-1.00 | $-1.04 | $-3.66 | $-7.25 |
| Weighted Average Number of Shares Outstanding, Diluted | 18.37M | 15.21M | 17.78M | 17.74M | 7.04M | 3.46M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 30.56M | 35.01M | 36.44M | 39.56M | 75.93M | 124.01M |
| Assets, Current | 236.71M | 250.88M | 265.37M | 275.58M | 286.56M | 258.22M |
| Assets | 249.45M | 264.50M | 277.25M | 288.80M | 301.21M | 275.80M |
| Long-term Debt | — | 96.24M | — | — | — | 197.38M |
| Liabilities, Current | 37.61M | 37.63M | 37.45M | 36.91M | 34.22M | 45.38M |
| Long-term Debt, Excluding Current Maturities | 96.94M | 96.24M | 95.52M | 94.81M | 94.11M | 197.38M |
| Liabilities | 137.77M | 137.54M | 134.89M | 134.02M | 131.34M | 248.98M |
| Stockholders' Equity Attributable to Parent | 111.69M | 126.95M | 142.37M | 154.78M | 169.87M | 26.82M |
| Common Stock, Shares, Outstanding | 18.53M | 18.17M | 17.81M | 17.77M | 17.72M | 3.53M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -12.84M | -9.52M | -36.81M | -30.49M | -25.66M | -16.49M |
| Payments to Acquire Property, Plant, and Equipment | 65.00K | 223.00K | 575.00K | 415.00K | 123.00K | 43.00K |
| Net Cash Provided by (Used in) Investing Activities | 7.90M | 8.59M | -106.27M | -109.24M | -78.08M | 108.15M |
| Net Cash Provided by (Used in) Financing Activities | 501.00K | 0 | 55.50M | 55.27M | 55.66M | -938.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (OM CIK 0001484612),
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us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.