Outset Medical (OM) Financial Statements & Analysis

Outset Medical (OM) Income Statement

Outset Medical reported revenue of $119.48M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 5.1% from $113.69M a year earlier. Outset Medical posted a net loss of $81.65M, compared with a net loss of $127.98M a year earlier. Gross margin was 39.1% and operating margin -55.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $31.64M, up 0.7% from the same quarter a year earlier.

Outset Medical Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Outset Medical, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	119.48	113.69	130.38	115.38	102.60	49.94	15.08	2.01
Cost of Revenue	72.72	75.13	101.25	97.54	94.99	62.97	32.88	8.12
Gross Profit	46.75	38.56	29.00	17.83	7.61	-13.04	-17.80	-6.12
Operating Expenses
Research & Development	21.20	38.40	56.57	48.86	36.74	28.85	23.33	22.92
Selling, General & Administrative	92.27	113.54	139.80	130.00	101.39	75.58	29.18	17.53
Operating Expenses	113.46	151.94	198.77	178.85	138.13	104.43	52.51	40.45
Operating Income	-66.71	-113.38	-169.77	-161.02	-130.52	-117.47	-70.31	-46.56
Other Income/Expense
Interest Income	7.41	9.76	10.17	3.29	0.50	0.53	2.49	1.71
Interest Expense	-13.95	23.87	-12.68	3.57	1.72	2.89	4.26	4.64
Other Income/Expense	-14.23	-14.11	-2.50	-1.64	-1.22	-4.03	2.03	-3.19
Income
Income Before Tax	-80.94	-127.49	-172.27	-162.66	-131.74	-121.49	-68.28	-49.76
Income Tax Expense	-0.72	0.49	-0.52	0.30	0.20	0.00	0.02	0.03
Net Income	-81.65	-127.98	-172.80	-162.96	-131.94	-121.49	-68.30	-49.78
Net Income - Continuous Operations	-81.65	-127.98	-172.80	-162.96	-131.94	-121.49	-68.30	-49.78
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	-62.37	-102.09	-161.43	-152.81	-124.86	-114.85	-62.09	-43.62
EBIT	-66.71	-107.82	-167.24	-161.02	-130.52	-	-	-
Depreciation & Amortization	4.34	5.73	5.81	6.28	5.16	3.76	1.94	1.49
Earnings Per Share
Basic EPS	-5.00	-37.00	-52.00	-51.00	-43.00	-3.00	-2.00	-2.00
Diluted EPS	-5.00	-37.00	-52.00	-51.00	-43.00	-3.00	-34.00	-2.00
Basic Shares Outstanding	15.21	3.46	3.31	3.21	3.04	2.85	2.01	2.01
Diluted Shares Outstanding	15.21	3.46	3.31	3.21	3.04	2.85	2.01	2.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Outset Medical Financial Statements

What was Outset Medical's revenue in fiscal 2025?

Outset Medical reported revenue of $119.48M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 5.1% from $113.69M a year earlier.

Is Outset Medical profitable?

No. Outset Medical reported a net loss of $81.65M in fiscal 2025. In fiscal 2024 it lost $127.98M.

What is Outset Medical's operating margin?

Outset Medical's operating income was −$66.71M on revenue of $119.48M in fiscal 2025, an operating margin of -55.8%, compared with -99.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition