Glaukos (GKOS) financial statements
Glaukos reported revenue of $507M in fiscal 2025, up 18.0% a year over 9 years.
Net income was -$188M and the operating margin -39.3%, against 3.7% in 2016.
Free cash flow was -$22M.
The diluted share count rose 57% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Glaukos's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114M | $159M | $181M | $237M | $225M | $294M | $283M | $315M | $383M | $507M |
| Cost of revenue | $16M | $21M | $25M | $39M | $92M | $67M | $69M | $76M | $94M | $112M |
| Gross profit | $98M | $138M | $156M | $198M | $133M | $227M | $214M | $239M | $289M | $283M |
| Research and development | $29M | $39M | $50M | $68M | $85M | $101M | $123M | $139M | $136M | $151M |
| Selling, general and admin | $65M | $96M | $120M | $177M | $171M | $179M | $193M | $224M | $261M | $332M |
| Operating income | $4M | -$2M | -$13M | -$50M | -$124M | -$33M | -$82M | -$129M | -$122M | -$200M |
| Interest expense | — | — | — | $3M | $14M | $13M | $14M | $14M | $10M | $5M |
| Pre-tax income | $5M | $1,000 | -$12M | -$50M | -$132M | -$49M | -$98M | -$134M | -$146M | -$193M |
| Income tax | $43,000 | $93,000 | $583,000 | -$65M | -$12M | $326,000 | $766,000 | $934,000 | $771,000 | -$5M |
| Net income | $5M | -$92,000 | -$13M | $15M | -$120M | -$50M | -$99M | -$135M | -$146M | -$188M |
| EPS (diluted) | $0.12 | $0.00 | -$0.37 | $0.37 | -$2.70 | -$1.07 | -$2.09 | -$2.78 | -$2.77 | -$3.28 |
| Diluted shares | 36M | 34M | 35M | 41M | 44M | 46M | 47M | 48M | 53M | 57M |
| Gross margin | 85.9% | 86.8% | 86.2% | 83.7% | 59.2% | 77.3% | 75.6% | 76.0% | 75.5% | 55.7% |
| Operating margin | 3.7% | -1.4% | -7.2% | -21.2% | -54.9% | -11.2% | -29.1% | -40.9% | -31.9% | -39.3% |
| Net margin | 4.0% | -0.1% | -7.1% | 6.5% | -53.5% | -16.9% | -35.1% | -42.8% | -38.2% | -37.0% |
Balance sheet
Fiscal years, from Glaukos's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $96M | $119M | $149M | $183M | $414M | $424M | $120M | $93M | $170M | $91M |
| Receivables | $14M | $17M | $19M | $38M | $36M | $33M | $36M | $40M | $61M | $109M |
| Inventory | $7M | $11M | $13M | $43M | $16M | $23M | $38M | $42M | $58M | $64M |
| Total current assets | $120M | $149M | $177M | $263M | $469M | $486M | $444M | $395M | $450M | $475M |
| Property, plant and equipment | $8M | $12M | $19M | $22M | $24M | $69M | $94M | $103M | $98M | $113M |
| Goodwill | — | — | — | $66M | $66M | $66M | $66M | $66M | $66M | $67M |
| Total assets | $134M | $166M | $207M | $818M | $1.0B | $1.0B | $1.0B | $940M | $975M | $893M |
| Total current liabilities | $17M | $27M | $30M | $58M | $50M | $63M | $72M | $74M | $75M | $101M |
| Total liabilities | $17M | $28M | $33M | $145M | $338M | $463M | $472M | $479M | $208M | $237M |
| Shareholders' equity | $117M | $138M | $174M | $673M | $667M | $587M | $530M | $462M | $767M | $656M |
| Net debt | -$6M | -$25M | -$30M | -$62M | -$97M | -$101M | -$120M | -$93M | -$170M | -$91M |
Cash flow
Fiscal years, from Glaukos's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12M | $26M | $19M | -$369,000 | -$23M | $25M | -$33M | -$58M | -$61M | -$15M |
| Capital spending | $6M | $6M | $10M | $5M | $7M | $48M | $30M | $20M | $6M | $8M |
| Free cash flow | $6M | $20M | $9M | -$5M | -$30M | -$23M | -$63M | -$78M | -$68M | -$22M |
| Stock-based compensation | $9M | $18M | $26M | $36M | $46M | $30M | $39M | $44M | $50M | $63M |
| Net borrowing | — | — | — | — | $288M | — | — | — | — | — |
| Free cash flow margin | 5.3% | 12.4% | 4.7% | -2.1% | -13.3% | -7.8% | -22.4% | -24.8% | -17.6% | -4.4% |
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Open GKOS in InvestinglyQuestions
What was Glaukos's revenue in 2025?
$507M in fiscal 2025, from its 10-K filing.
How much free cash flow does Glaukos generate?
-$22M in fiscal 2025 (operating cash flow minus capital spending).
From Glaukos's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.