Omeros (OMER) financial statements
Net income was -$3M.
Free cash flow was -$116M.
The diluted share count rose 57% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Omeros's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42M | $65M | $30M | $112M | $74M | — | — | — | — | — |
| Cost of revenue | $1M | $1M | $512,000 | $865,000 | $902,000 | — | — | — | — | — |
| Gross profit | $40M | $64M | $29M | $111M | $73M | — | — | — | — | — |
| Research and development | $51M | $56M | $90M | $106M | $108M | $119M | $113M | $115M | $120M | $81M |
| Selling, general and admin | $44M | $52M | $52M | $40M | $49M | $55M | $51M | $50M | $47M | $42M |
| Operating income | -$54M | -$44M | -$112M | -$146M | -$157M | -$174M | -$163M | -$165M | -$167M | -$123M |
| Interest expense | $8M | $11M | $16M | $23M | $27M | $20M | $23M | $31M | $25M | -$960,000 |
| Pre-tax income | -$67M | -$53M | -$140M | -$167M | -$196M | -$192M | -$182M | -$175M | -$180M | -$3M |
| Income tax | $0 | $0 | -$13M | -$20M | -$23M | $0 | $0 | $0 | $2M | $2M |
| Net income | -$67M | -$53M | -$127M | -$84M | -$138M | $194M | $47M | -$118M | -$157M | -$3M |
| EPS (diluted) | -$1.65 | -$1.17 | -$2.61 | -$1.71 | -$2.41 | $3.12 | $0.76 | -$1.88 | -$2.70 | -$0.05 |
| Diluted shares | 40M | 46M | 49M | 50M | 57M | 62M | 63M | 63M | 58M | 64M |
| Gross margin | 96.6% | 98.3% | 98.3% | 99.2% | 98.8% | — | — | — | — | — |
| Operating margin | -130.4% | -67.7% | -375.7% | -130.6% | -212.6% | — | — | — | — | — |
| Net margin | -160.4% | -82.5% | -424.4% | -75.6% | -187.0% | — | — | — | — | — |
Balance sheet
Fiscal years, from Omeros's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $45M | $84M | $60M | $61M | $135M | $157M | $195M | $172M | $90M | $172M |
| Receivables | $12M | $17M | $23M | $35M | $4M | $38M | $213M | $8M | $8M | $11M |
| Inventory | $1M | $443,000 | $88,000 | $1M | $1M | — | — | — | — | $0 |
| Total current assets | $60M | $108M | $90M | $104M | $151M | $248M | $443M | $218M | $134M | $216M |
| Property, plant and equipment | $1M | $2M | $4M | $4M | $3M | $2M | $1M | $2M | $3M | $2M |
| Total assets | $67M | $116M | $96M | $137M | $181M | $419M | $591M | $378M | $277M | $326M |
| Total current liabilities | $16M | $26M | $37M | $55M | $37M | $52M | $136M | $53M | $80M | $78M |
| Long-term debt | $80M | $84M | — | — | — | — | — | — | — | — |
| Total liabilities | $105M | $119M | $196M | $246M | $302M | $395M | $505M | $403M | $460M | $447M |
| Shareholders' equity | -$37M | -$3M | -$100M | -$109M | -$121M | $24M | $86M | -$25M | -$183M | -$121M |
| Net debt | $77M | $81M | -$5M | -$3M | -$11M | -$101M | -$11M | -$7M | -$3M | -$10M |
Cash flow
Fiscal years, from Omeros's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$52M | -$36M | -$104M | -$60M | -$100M | -$110M | -$86M | $75M | -$149M | -$116M |
| Capital spending | $126,000 | $350,000 | $567,000 | $334,000 | $283,000 | $277,000 | $113,000 | $426,000 | $165,000 | $65,000 |
| Free cash flow | -$52M | -$37M | -$104M | -$60M | -$100M | -$110M | -$87M | $74M | -$149M | -$116M |
| Stock-based compensation | $14M | $13M | $12M | $14M | $15M | $18M | $14M | $12M | $10M | $8M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$5M | -$12M | $0 |
| Net borrowing | $100M | $0 | $45M | — | — | — | — | — | — | — |
| Free cash flow margin | -124.1% | -56.4% | -349.2% | -54.0% | -136.0% | — | — | — | — | — |
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How much free cash flow does Omeros generate?
-$116M in fiscal 2025 (operating cash flow minus capital spending).
From Omeros's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.