OPK (OPK) financial statements
OPK reported revenue of $607M in fiscal 2025, down 6.6% a year over 9 years.
Net income was -$226M and the operating margin -19.3%, against -8.6% in 2016.
Free cash flow was -$191M, and the company returned $47M in net buybacks.
The diluted share count rose 35% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OPK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $966M | $990M | $902M | $1.4B | $1.8B | $1.0B | $863M | $713M | $607M |
| Cost of revenue | $564M | $61M | — | — | — | — | $716M | $545M | $495M | $401M |
| Gross profit | $553M | $905M | — | — | — | — | $288M | $318M | $219M | $206M |
| Research and development | $114M | $126M | $126M | $118M | $75M | $77M | $74M | $90M | $105M | $124M |
| Selling, general and admin | $407M | $415M | $358M | $343M | $356M | $469M | $373M | $301M | $304M | $223M |
| Operating income | -$97M | -$276M | -$171M | -$274M | $58M | $19M | -$226M | -$157M | -$152M | -$117M |
| Interest expense | — | — | — | — | — | $19M | $12M | $14M | $47M | $108M |
| Pre-tax income | -$97M | -$272M | -$177M | -$305M | $49M | -$14M | -$392M | -$184M | -$10M | -$241M |
| Income tax | -$56M | $19M | -$39M | $7M | $18M | $15M | -$63M | $4M | $43M | -$16M |
| Net income | -$25M | -$305M | -$153M | -$315M | $31M | -$30M | -$328M | -$189M | -$53M | -$226M |
| EPS (diluted) | -$0.10 | -$0.55 | -$0.27 | -$0.53 | $0.05 | -$0.05 | -$0.46 | -$0.25 | -$0.08 | -$0.30 |
| Diluted shares | 556M | 559M | 563M | 595M | 641M | 648M | 719M | 752M | 694M | 751M |
| Gross margin | 49.5% | 93.7% | — | — | — | — | 28.7% | 36.8% | 30.6% | 33.9% |
| Operating margin | -8.6% | -28.6% | -17.3% | -30.4% | 4.0% | 1.1% | -22.5% | -18.2% | -21.3% | -19.3% |
| Net margin | -2.2% | -31.6% | -15.5% | -34.9% | 2.1% | -1.7% | -32.7% | -21.9% | -7.5% | -37.2% |
Balance sheet
Fiscal years, from OPK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $169M | $91M | $96M | $85M | $72M | $135M | $153M | $96M | $427M | $364M |
| Receivables | $220M | $166M | $144M | $135M | $286M | $260M | $127M | $123M | $118M | $90M |
| Inventory | $47M | $49M | $42M | $53M | $132M | $87M | $74M | $66M | $57M | $66M |
| Total current assets | $484M | $349M | $318M | $324M | $523M | $823M | $395M | $309M | $662M | $582M |
| Property, plant and equipment | $123M | $147M | $145M | $127M | $141M | $80M | $83M | $75M | $70M | $74M |
| Goodwill | $705M | $717M | $700M | $672M | $681M | $521M | $596M | $598M | $529M | $484M |
| Total assets | $2.8B | $2.6B | $2.5B | $2.3B | $2.5B | $2.4B | $2.2B | $2.0B | $2.2B | $1.9B |
| Total current liabilities | $263M | $312M | $288M | $249M | $375M | $330M | $213M | $200M | $193M | $147M |
| Long-term debt | $717,000 | $2M | $5M | $4M | $4M | — | $9M | $8M | $3M | $2M |
| Total liabilities | $675M | $746M | $660M | $695M | $802M | $715M | $606M | $622M | $835M | $664M |
| Shareholders' equity | $2.0B | $1.8B | $1.8B | $1.6B | $1.7B | $1.7B | $1.6B | $1.4B | $1.4B | $1.3B |
| Net debt | -$156M | -$78M | -$86M | -$82M | -$68M | -$135M | -$142M | -$86M | $14M | -$360M |
Cash flow
Fiscal years, from OPK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $32M | -$92M | -$109M | -$173M | $39M | $38M | -$95M | -$28M | -$183M | -$179M |
| Capital spending | $19M | $47M | $28M | $13M | $34M | $32M | $25M | $16M | $25M | $12M |
| Free cash flow | $13M | -$139M | -$137M | -$185M | $6M | $6M | -$120M | -$44M | -$208M | -$191M |
| Stock-based compensation | $43M | $28M | $22M | $13M | $9M | $14M | $19M | $11M | $11M | $11M |
| Share buybacks (net) | — | — | — | — | — | — | $0 | $0 | -$90M | -$47M |
| Free cash flow margin | 1.2% | -14.3% | -13.8% | -20.5% | 0.4% | 0.3% | -11.9% | -5.2% | -29.2% | -31.4% |
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Open OPK in InvestinglyQuestions
What was OPK's revenue in 2025?
$607M in fiscal 2025, from its 10-K filing.
How much free cash flow does OPK generate?
-$191M in fiscal 2025 (operating cash flow minus capital spending).
From OPK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.