Outset Medical, Inc. (OM) Financial Statements
Industry: Electromedical & Electrotherapeutic Apparatus
In fiscal 2025, Outset Medical reported revenue of $119.5M, up 5.1% from $113.7M the year before. Net income was -$81.7M (a -68.3% net margin), or -$5.37 per diluted share. Gross margin was 39.1% and operating margin was -55.8%. Operating activities generated -$46.3M of cash, leaving -$47.1M of free cash flow. At fiscal year end, Outset Medical held $264.5M in total assets against $137.5M in total liabilities, including $35.0M of cash and equivalents.
Open the full interactive Outset Medical financials → Quarterly statements, key ratios, valuation history and price charts.
Outset Medical Key Stats
| Share Price | $4.06 |
|---|---|
| Market Cap | $75.6M |
| Revenue YoY Growth | +5.1% |
| 52-Week Range | $2.96 – $15.53 |
| Shares Outstanding | 18.6 million (basic, 2026 Q2) |
Outset Medical Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $49.9M | $102.6M | $115.4M | $130.4M | $113.7M | $119.5M |
| Cost of Goods Sold | $63.0M | $95.0M | $97.5M | $101.4M | $75.1M | $72.7M |
| Gross Profit | -$13.0M | $7.6M | $17.8M | $29.0M | $38.6M | $46.8M |
| Operating Income | -$117.5M | -$130.5M | -$161.0M | -$169.8M | -$113.4M | -$66.7M |
| Pre-Tax Income | -$121.5M | -$131.7M | -$162.7M | -$172.3M | -$127.5M | -$80.9M |
| Income Tax | $0 | $199,000 | $295,000 | $523,000 | $491,000 | $718,000 |
| Net Income | -$121.5M | -$131.9M | -$163.0M | -$172.8M | -$128.0M | -$81.7M |
| Diluted EPS | -$11.25 | -$43.35 | -$50.70 | -$52.20 | -$36.90 | -$5.37 |
Outset Medical Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $29.4M | $28.9M | $27.9M | $31.6M |
| Net Income | -$17.8M | -$19.5M | -$19.0M | -$18.0M |
| Diluted EPS | -$1.00 | -$1.28 | -$1.03 | -$0.97 |
Outset Medical Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $295.0M | $182.3M | $73.2M | $68.5M | $124.0M | $35.0M |
| Current Assets | $345.9M | $409.8M | $373.6M | $291.2M | $258.2M | $250.9M |
| Total Assets | $403.8M | $463.5M | $400.1M | $313.8M | $275.8M | $264.5M |
| Current Liabilities | $36.7M | $51.7M | $51.9M | $55.3M | $45.4M | $37.6M |
| Total Long-Term Debt | $29.7M | $29.8M | $96.3M | $130.1M | $197.4M | $96.2M |
| Total Liabilities | $75.2M | $89.4M | $154.1M | $190.9M | $249.0M | $137.5M |
| Shareholders' Equity | $328.6M | $374.1M | $246.0M | $122.9M | $26.8M | $127.0M |
Outset Medical Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$99.0M | -$130.3M | -$145.7M | -$131.4M | -$116.3M | -$46.3M |
| Cash From Investing | $3.9M | -$142.5M | -$66.3M | $83.0M | $103.9M | -$97.7M |
| Cash From Financing | $385.7M | $160.1M | $72.9M | $43.7M | $67.9M | $55.5M |
| Free Cash Flow | -$108.1M | -$133.4M | -$154.1M | -$134.8M | -$117.2M | -$47.1M |
Figures from Outset Medical's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Outset Medical financials page for every line item.
Outset Medical Company Profile
| Ticker | OM |
|---|---|
| Exchange | Nasdaq |
| Industry | Electromedical & Electrotherapeutic Apparatus |
| Headquarters | San Jose, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001484612 |
Frequently Asked Questions
What was Outset Medical's revenue in fiscal 2025?
Outset Medical (OM) reported revenue of $119.5M for fiscal 2025.
What is Outset Medical's annual revenue history?
Outset Medical's annual revenue by fiscal year: 2020: $49.9M; 2021: $102.6M; 2022: $115.4M; 2023: $130.4M; 2024: $113.7M; 2025: $119.5M.
What was Outset Medical's net income in fiscal 2025?
Outset Medical reported net income of -$81.7M for fiscal 2025.
What was Outset Medical's earnings per share (EPS) in fiscal 2025?
Outset Medical's diluted EPS was -$5.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Outset Medical generate in fiscal 2025?
Outset Medical generated -$47.1M of free cash flow in fiscal 2025.
What was Outset Medical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Outset Medical reported revenue of $31.6M.
How much debt does Outset Medical have?
Outset Medical reported $96.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Outset Medical are outstanding?
Outset Medical reported a weighted average of 18.6 million basic shares outstanding in 2026 Q2.
What is Outset Medical's market cap?
Based on its latest closing price, Outset Medical (OM) has a market capitalization of about $75.6M.
When does Outset Medical's fiscal year end?
Outset Medical's fiscal year end, as registered with the SEC, is December 31.
Where is Outset Medical headquartered?
Outset Medical lists its business address in San Jose, California in its SEC filings.