Outset Medical (OM) Cash Flow: Operating & Free Cash Flow

Outset Medical Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Outset Medical, Inc. (OM) - 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
Operating Activities
Net Income	-81.65	-127.98	-172.80	-162.96	-131.94	-121.49	-68.30	-49.78
Depreciation & Amortization	4.34	5.73	5.81	5.17	5.16	3.16	1.94	1.07
Deferred Income Tax	0.00	0.00	0.00	0.00	3.08	0.00	-4.11	-0.08
Stock Based Compensation	15.62	29.36	38.63	27.20	17.45	21.44	0.88	0.79
Change in Working Capital	2.20	-25.69	-0.77	-21.14	-25.60	-5.85	-1.60	-0.22
Change in Accounts Receivable	3.78	-5.01	-5.09	-2.51	-19.14	-2.57	-2.89	-0.55
Change in Inventory	11.79	-10.86	1.65	-14.73	-22.04	-16.29	-5.02	-2.21
Change in Accounts Payable	-3.29	-1.95	5.31	-1.28	-3.07	0.74	0.80	2.68
Change in Other Working Capital	-10.08	4.01	-0.61	1.50	0.98	12.27	5.51	-0.13
Other Operating Activities	13.17	4.01	-2.25	1.50	4.67	3.73	0.89	1.77
Net Cash from Operating Activities	-46.33	-116.30	-131.37	-145.73	-130.26	-99.02	-70.29	-46.44
Investing Activities
Capital Expenditures	-0.80	-0.91	-3.44	-8.33	-3.11	-9.11	-3.29	-1.77
Acquisitions	0.00	0.00	0.00	57.97	139.40	0.00	-77.59	0.00
Purchases of Investments	-221.97	-156.58	-172.28	-261.15	-178.43	-32.88	-91.88	-132.31
Sales/Maturities of Investments	125.08	261.43	258.75	203.18	39.03	45.91	169.47	65.30
Other Investing Activities	0.00	0.00	0.00	-57.97	-139.40	0.03	77.59	-67.01
Net Cash from Investing Activities	-97.68	103.94	83.03	-66.30	-142.51	3.95	74.30	-68.78
Financing Activities
Debt Repayment	-106.68	66.52	33.23	-31.20	0.00	-1.36	-0.01	-0.01
Common Stock Issued	162.19	2.28	10.43	8.04	160.15	254.81	0.26	134.57
Other Financing Activities	0.00	-0.94	0.00	0.00	11.06	132.24	0.26	0.31
Net Cash from Financing Activities	55.50	67.87	43.65	72.90	160.15	385.68	0.25	134.87
Summary
Net Change in Cash	-88.51	55.51	-4.70	-139.13	-112.62	290.61	4.25	19.65
Cash at Beginning of Period	127.34	71.84	76.53	215.66	328.28	37.67	33.42	13.76
Cash at End of Period	38.84	127.34	71.84	76.53	215.66	328.28	37.67	33.42
Free Cash Flow	-47.13	-117.22	-134.81	-154.05	-133.37	-108.12	-73.59	-48.21
Supplemental Disclosures
Interest Paid	15.63	20.69	10.85	3.19	1.15	-	-	-
Income Taxes Paid	0.45	0.59	0.49	0.39	0.08	-	-	-

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 Cash Flow

What is Outset Medical's free cash flow?

Outset Medical had negative free cash flow of $47.13M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$46.33M minus $798.00K of capital expenditures.

How much does Outset Medical spend on capital expenditures?

Outset Medical spent $798.00K on capital expenditures in fiscal 2025, compared with $912.00K a year earlier.

Does Outset Medical pay dividends or buy back shares?

Outset Medical's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition