OTLK Nasdaq Biological Products, (No Diagnostic Substances) Financials FY2016βFY2025
Outlook Therapeutics, Inc. had $1.4M of revenue in fiscal 2025.
Last close Β· Oct 23, 2026
$0.52
7.8%Hi! I read Outlook Therapeutics, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Does it make a profit?
β4,416.3%
No. It lost money last year.
How healthy are the accounts?
2 / 7
Weak. It passes 2 of 7 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Outlook Therapeutics, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
December 18, 2026
Friday Β· in 53 days
Estimated from the same quarter last year. It will be replaced by the announced date once there is one.
See who else reports that week β| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 12, 2026 | Q3 '26 | After the market closes | 8-K β |
| May 12, 2026 | Q2 '26 | Time not announced | 8-K β |
| Feb 17, 2026 | Q1 '26 | Before the market opens | 8-K β |
| Dec 19, 2025 | Q4 '25 | Before the market opens | 8-K β |
| Aug 14, 2025 | Q3 '25 | After the market closes | 8-K β |
| May 15, 2025 | Q2 '25 | After the market closes | 8-K β |
| Feb 14, 2025 | Q1 '25 | Before the market opens | 8-K β |
| Dec 27, 2024 | Q4 '24 | Before the market opens | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Outlook Therapeutics, Inc. had $1.4M of revenue in fiscal 2025. Its operating margin was β4,744.4%, down 7,015.6Β pts: of every 100 in sales, about β4,744 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Outlook Therapeutics, Inc. lost $62.4M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Outlook Therapeutics, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $14.5M | $17.4M | $23.4M | $14.9M | $8.1M |
| Interest coverage | β | β | β21.0x | β22.7x | β |
| Current ratio | 3.2x | 1.4x | 0.7x | 0.6x | 0.4x |
| Quick ratio | 3.2x | 1.4x | 0.7x | 0.6x | 0.3x |
| Total assets | $22.8M | $28.5M | $32.3M | $28.8M | $18.6M |
| Total liabilities | $18.2M | $19.8M | $46.7M | $102M | $50.8M |
| Shareholders' equity | $4.6M | $8.7M | β$14.4M | β$73.1M | β$32.2M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Outlook Therapeutics, Inc. passes 2 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 2 / 8 | 4 / 8 | 3 / 7 | 2 / 7 | 2 / 7 | 4 / 7 | 1 / 7 | 2 / 7 |
| Accruals ratio | β30.8% | β101.2% | 13.7% | β11.3% | β18.7% | 5.1% | β36.5% | β52.6% | β21.5% | β44.7% |
| Altman Z'' | β36.48 | β49.45 | β49.67 | β65.86 | β59.55 | β59.73 | β59.33 | β61.80 | β82.36 | β141.20 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $3.0M | $3.8M | $3.1M | $8.1M | β$1.8M | β$0.9M | β$1.5M | β$1.6M | β$3.2M | $1.4M |
| Net interest income | β | β | β | β | β$1.8M | β$0.9M | β$1.5M | β$1.6M | β$3.2M | β$0.3M |
| Gross profit | β | β | β | β | β | β | β | β | β | $0.1M |
| Research and development | $32.8M | $23.8M | $18.5M | $23.8M | $26.3M | $39.0M | $42.3M | $26.5M | $41.8M | $27.2M |
| Operating income | β$51.3M | β$35.9M | β$29.6M | β$36.3M | β$36.8M | β$51.7M | β$63.1M | β$53.1M | β$71.7M | β$67.1M |
| Interest expense | $1.9M | $5.6M | $3.9M | $3.5M | $1.8M | β | β | $2.5M | $3.2M | β |
| Pretax income | β$53.2M | β$38.3M | β$33.7M | β$37.9M | β$38.5M | β$53.2M | β$66.0M | β$59.0M | β$75.4M | β$64.0M |
| Income tax | $0.1M | $0.5M | β$3.6M | β$3.4M | β$3.3M | $0.0M | $0.0M | $0.0M | $0.0M | β$1.6M |
| Net income | β$53.3M | β$38.8M | β$30.1M | β$34.5M | β$35.2M | β$53.2M | β$66.1M | β$59.0M | β$75.4M | β$62.4M |
| Net income to common | β$63.1M | β$40.0M | β$48.0M | β$36.0M | β$48.9M | β$53.2M | β$66.1M | β$59.0M | β$75.4M | β$62.4M |
| Diluted EPS | β$3.67 | β$1.80 | β$1.22 | β$1.98 | β$0.67 | β$0.35 | β$0.31 | β$4.72 | β$4.06 | β$1.79 |
| Diluted shares | 0.02B | 0.02B | 0.04B | 0.02B | 0.07B | 0.15B | 0.21B | 0.01B | 0.02B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | β$45.5M | β$15.5M | β$33.0M | β$32.3M | β$31.8M | β$54.3M | β$56.7M | β$43.0M | β$68.8M | β$51.8M |
| Capital expenditure | $1.1M | $0.3M | $2.8M | $0.4M | β | β | β | β | β | β |
| Free cash flow | β$46.6M | β$15.8M | β$35.8M | β$32.7M | β | β | β | β | β | β |
| Depreciation and amortization | $2.4M | $2.7M | $3.1M | $3.4M | $0.2M | $0.3M | $0.2M | $0.0M | $0.1M | $0.1M |
| Stock-based compensation | $12.5M | $8.6M | $2.0M | $1.3M | $2.8M | $4.9M | $7.7M | $5.5M | $5.4M | $8.9M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $2.4M | $3.2M | $1.7M | $8.0M | $12.5M | $14.5M | $17.4M | $23.4M | $14.9M | $8.1M |
| Total debt | $3.5M | $0.2M | $0.2M | $1.1B | β | β | β | β | β | β |
| Finance lease liabilities | β | β | β | β | $0.1M | $0.0M | $0.0M | $0.0M | β | β |
| Current assets | $5.7M | $3.9M | $3.3M | $13.5M | $17.9M | $21.5M | $27.5M | $31.0M | $27.4M | $17.4M |
| Current liabilities | $20.4M | $28.7M | $32.0M | $20.3M | $15.9M | $6.8M | $19.7M | $46.7M | $42.6M | $45.8M |
| Inventory | β | β | β | β | β | β | β | β | β | $3.3M |
| Property and equipment, net | $18.7M | $16.1M | $18.5M | $3.2M | $0.3M | $0.2M | β | β | β | β |
| Total assets | $25.4M | $20.7M | $22.3M | $17.1M | $19.7M | $22.8M | $28.5M | $32.3M | $28.8M | $18.6M |
| Total liabilities | $30.6M | $51.5M | $43.1M | $27.9M | $16.9M | $18.2M | $19.8M | $46.7M | $102M | $50.8M |
| Shareholders' equity | β$5.2M | β$33.7M | β$25.5M | β$16.1M | $2.8M | $4.6M | $8.7M | β$14.4M | β$73.1M | β$32.2M |
| Margins | ||||||||||
| Gross margin | β | β | β | β | β | β | β | β | β | 4.0% |
| Operating margin | β1,723.3% | β941.4% | β960.1% | β445.6% | 2,097.4% | 5,525.8% | 4,240.1% | 3,406.2% | 2,271.2% | β4,744.4% |
| EBITDA margin | β1,642.9% | β870.7% | β861.2% | β404.3% | 2,084.9% | 5,497.8% | 4,226.3% | 3,403.4% | 2,267.6% | β4,736.1% |
| Net margin | β1,788.9% | β1,019.3% | β974.6% | β423.8% | 2,006.2% | 5,679.2% | 4,440.5% | 3,781.7% | 2,387.3% | β4,416.3% |
| FCF margin | β1,563.3% | β414.5% | β1,160.1% | β401.8% | β | β | β | β | β | β |
| Net interest share of revenue | β | β | β | β | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | β20.0% |
| Returns | ||||||||||
| Return on capital | β | β | β | β2.7% | β | β | β | β | β | β |
| Return on capital employed | β1,033.4% | 448.3% | 303.8% | 1,150.5% | β958.4% | β322.1% | β716.9% | 368.1% | 522.2% | 246.3% |
| Return on equity | β | β | β | β | β | β1,430.3% | β990.0% | β | β | β |
| Return on assets | β209.8% | β168.4% | β139.9% | β175.2% | β191.2% | β249.9% | β257.3% | β193.9% | β246.6% | β263.4% |
| Return on tangible equity | β | β | β | β | β1,729.3% | β1,153.9% | β756.0% | β | β | β |
| Growth | ||||||||||
| Revenue growth | β | 27.9% | β19.0% | 163.8% | β121.6% | β | β | β | β | β |
| Share count change | β | 39.7% | 64.1% | β53.9% | 298.8% | 110.4% | 38.9% | β94.1% | 48.3% | 87.6% |
| Financial health | ||||||||||
| Interest coverage | β27.7x | β6.4x | β7.6x | β10.5x | β21.0x | β | β | β21.0x | β22.7x | β |
| Current ratio | 0.3x | 0.1x | 0.1x | 0.7x | 1.1x | 3.2x | 1.4x | 0.7x | 0.6x | 0.4x |
| Quick ratio | 0.3x | 0.1x | 0.1x | 0.7x | 1.1x | 3.2x | 1.4x | 0.7x | 0.6x | 0.3x |
| Capital allocation | ||||||||||
| Capex / revenue | 36.9% | 7.7% | 90.1% | 5.4% | β | β | β | β | β | β |
| Stock comp / revenue | 417.8% | 224.9% | 64.3% | 16.1% | β159.8% | β522.1% | β518.4% | β355.6% | β170.6% | 629.5% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 2.0 | 4.0 | 3.0 | 2.0 | 2.0 | 4.0 | 1.0 | 2.0 |
| Altman Z'' | β36.5 | β49.5 | β49.7 | β65.9 | β59.6 | β59.7 | β59.3 | β61.8 | β82.4 | β141.2 |
| Accruals ratio | β30.8% | β101.2% | 13.7% | β11.3% | β18.7% | 5.1% | β36.5% | β52.6% | β21.5% | β44.7% |
Source: SEC EDGAR XBRL filings (CIK 0001649989). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
