OBIO (OBIO) financial statements
OBIO reported revenue of $33M in fiscal 2025, up 111.6% a year over 3 years.
Net income was -$53M.
Free cash flow was -$49M.
The diluted share count rose 367% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OBIO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | $4M | $3M | $3M | $33M |
| Cost of revenue | — | $211,000 | $186,000 | $204,000 | $190,000 |
| Gross profit | — | $3M | $3M | $2M | $33M |
| Research and development | — | $22M | $34M | $43M | $58M |
| Selling, general and admin | $274,756 | $14M | $20M | $24M | $27M |
| Operating income | -$394,756 | -$33M | -$52M | -$64M | -$52M |
| Interest expense | — | $1M | $1M | $297,000 | — |
| Income tax | — | — | — | — | $0 |
| Net income | -$378,753 | -$34M | -$49M | -$61M | -$53M |
| EPS (diluted) | -$0.04 | -$2.24 | -$1.48 | -$1.66 | -$1.11 |
| Diluted shares | 10M | 15M | 33M | 37M | 48M |
| Gross margin | — | 94.0% | 93.3% | 92.3% | 99.4% |
| Operating margin | — | -924.3% | -1866.2% | -2437.5% | -154.7% |
| Net margin | — | -951.3% | -1779.7% | -2313.3% | -157.4% |
Balance sheet
Fiscal years, from OBIO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $84M | $88M | $67M | $107M |
| Receivables | — | $96,000 | $99,000 | $92,000 | $95,000 |
| Inventory | — | $276,000 | $146,000 | $173,000 | $310,000 |
| Total current assets | $2M | $85M | $89M | $69M | $108M |
| Property, plant and equipment | — | $1M | $1M | $1M | $2M |
| Total assets | $162M | $96M | $95M | $76M | $115M |
| Total current liabilities | $165,539 | $19M | $11M | $16M | $17M |
| Total liabilities | $6M | $43M | $27M | $43M | $51M |
| Shareholders' equity | -$4M | -$7M | $68M | $33M | $54M |
| Net debt | -$2M | -$20M | -$31M | -$22M | -$35M |
Cash flow
Fiscal years, from OBIO's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$272,362 | -$29M | -$46M | -$51M | -$49M |
| Capital spending | — | $591,000 | $78,000 | $289,000 | $489,000 |
| Free cash flow | — | -$30M | -$46M | -$51M | -$49M |
| Stock-based compensation | — | $3M | $8M | $11M | $12M |
| Net borrowing | — | $4M | -$11M | $15M | — |
| Free cash flow margin | — | -845.7% | -1674.1% | -1927.5% | -147.7% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for OBIO.
Open OBIO in InvestinglyQuestions
What was OBIO's revenue in 2025?
$33M in fiscal 2025, from its 10-K filing.
How much free cash flow does OBIO generate?
-$49M in fiscal 2025 (operating cash flow minus capital spending).
From OBIO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.