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Stocks · Health care · Electromedical & Electrotherapeutic Apparatus

Outset Medical, Inc.

OM Clue Score31
United States Fiscal year ends December CIK 0001484612
$4.05 -0.98% Close, 9 Oct 2026
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Price $4.05 −91.69% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 15 Sep 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue2.0Operating income−46.6Net income−49.8Fiscal year 2019Revenue15.1 +651.3%Operating income−70.3Net income−68.3Fiscal year 2020Revenue49.9 +231.2%Operating income−117.5Net income−121.5EPS, diluted−4.85Fiscal year 2021Revenue102.6 +105.5%Operating income−130.5Net income−131.9EPS, diluted−2.89Fiscal year 2022Revenue115.4 +12.4%Operating income−161.0Net income−163.0EPS, diluted−3.38Fiscal year 2023Revenue130.4 +13.0%Operating income−169.8Net income−172.8EPS, diluted−52.28Fiscal year 2024Revenue113.7 −12.8%Operating income−113.4Net income−128.0EPS, diluted−36.96Fiscal year 2025Revenue119.5 +5.1%Operating income−66.7Net income−81.7EPS, diluted−5.37
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2.0 15.1 49.9 102.6 115.4 130.4 113.7 119.5
Growth +651.3% +231.2% +105.5% +12.4% +13.0% −12.8% +5.1%
Operating income −46.6 −70.3 −117.5 −130.5 −161.0 −169.8 −113.4 −66.7
Net income −49.8 −68.3 −121.5 −131.9 −163.0 −172.8 −128.0 −81.7
Growth
EPS, diluted n/a n/a −4.85 −2.89 −3.38 −52.28 −36.96 −5.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin−304.7%Operating margin−2,320.0%Net margin−2,480.3%Free cash flow margin−2,402.0%Fiscal year 2019Gross margin−118.1%Operating margin−466.3%Net margin−453.0%Free cash flow margin−488.0%Fiscal year 2020Gross margin−26.1%Operating margin−235.2%Net margin−243.3%Free cash flow margin−216.5%Fiscal year 2021Gross margin7.4%Operating margin−127.2%Net margin−128.6%Free cash flow margin−130.0%Fiscal year 2022Gross margin15.5%Operating margin−139.6%Net margin−141.2%Free cash flow margin−133.5%Fiscal year 2023Gross margin22.2%Operating margin−130.2%Net margin−132.5%Free cash flow margin−103.4%Fiscal year 2024Gross margin33.9%Operating margin−99.7%Net margin−112.6%Free cash flow margin−103.1%Fiscal year 2025Gross margin39.1%Operating margin−55.8%Net margin−68.3%Free cash flow margin−39.4%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin −304.7% −118.1% −26.1% 7.4% 15.5% 22.2% 33.9% 39.1%
Operating margin −2,320.0% −466.3% −235.2% −127.2% −139.6% −130.2% −99.7% −55.8%
Net margin −2,480.3% −453.0% −243.3% −128.6% −141.2% −132.5% −112.6% −68.3%
Free cash flow margin −2,402.0% −488.0% −216.5% −130.0% −133.5% −103.4% −103.1% −39.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−46.4Capital expenditure−1.8Free cash flow−48.2Fiscal year 2019Operating cash flow−70.3Capital expenditure−3.3Free cash flow−73.6Fiscal year 2020Operating cash flow−99.0Capital expenditure−9.1Free cash flow−108.1Fiscal year 2021Operating cash flow−130.3Capital expenditure−3.1Free cash flow−133.4Fiscal year 2022Operating cash flow−145.7Capital expenditure−8.3Free cash flow−154.1Fiscal year 2023Operating cash flow−131.4Capital expenditure−3.4Free cash flow−134.8Fiscal year 2024Operating cash flow−116.3Capital expenditure−0.9Free cash flow−117.2Fiscal year 2025Operating cash flow−46.3Capital expenditure−0.8Free cash flow−47.1
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −46.4 −70.3 −99.0 −130.3 −145.7 −131.4 −116.3 −46.3
Capital expenditure −1.8 −3.3 −9.1 −3.1 −8.3 −3.4 −0.9 −0.8
Free cash flow −48.2 −73.6 −108.1 −133.4 −154.1 −134.8 −117.2 −47.1
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Shareholders’ equity−288.0Fiscal year 2019Cash36.9Total debt29.1Net cash (debt)7.9Shareholders’ equity−372.2Fiscal year 2020Cash295.0Total debt29.7Net cash (debt)265.3Shareholders’ equity328.6Debt to equity0.09Fiscal year 2021Cash182.3Total debt29.8Net cash (debt)152.6Shareholders’ equity374.1Debt to equity0.08Fiscal year 2022Cash73.2Total debt96.3Net cash (debt)−23.1Shareholders’ equity246.0Debt to equity0.39Fiscal year 2023Cash68.5Total debt130.1Net cash (debt)−61.6Shareholders’ equity122.9Debt to equity1.06Fiscal year 2024Cash124.0Total debt197.4Net cash (debt)−73.4Shareholders’ equity26.8Debt to equity7.36Fiscal year 2025Cash35.0Total debt96.2Net cash (debt)−61.2Shareholders’ equity127.0Debt to equity0.76
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 36.9 295.0 182.3 73.2 68.5 124.0 35.0
Total debt n/a 29.1 29.7 29.8 96.3 130.1 197.4 96.2
Net cash (debt) n/a 7.9 265.3 152.6 −23.1 −61.6 −73.4 −61.2
Shareholders’ equity −288.0 −372.2 328.6 374.1 246.0 122.9 26.8 127.0
Debt to equity n/a n/a 0.09 0.08 0.39 1.06 7.36 0.76

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−304.7% −118.1% −26.1% 7.4% 15.5% 22.2% 33.9% 39.1%
−2,320.0% −466.3% −235.2% −127.2% −139.6% −130.2% −99.7% −55.8%
−2,479.1% −452.8% −243.3% −128.4% −141.0% −132.1% −112.1% −67.7%
−2,480.3% −453.0% −243.3% −128.6% −141.2% −132.5% −112.6% −68.3%
−2,402.0% −488.0% −216.5% −130.0% −133.5% −103.4% −103.1% −39.4%
Spending
1,141.8% 154.7% 57.8% 35.8% 42.3% 44.0% 33.8% 17.8%
311.6% 59.2% 61.1% 35.4% 35.1% 34.7% 38.3% 31.7%
88.0% 21.8% 18.2% 3.0% 7.2% 2.6% 0.8% 0.7%
Returns
n/a n/a −37.0% −35.3% −66.2% −140.6% −477.2% −64.3%
n/a −77.3% −30.1% −28.5% −40.7% −55.1% −46.4% −30.9%
Balance and payout
n/a n/a 0.09 0.08 0.39 1.06 7.36 0.76
n/a 57.8% 18.6% 19.3% 38.5% 60.8% 90.3% 52.0%