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Financial statements

EyePoint, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data EyePoint, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue7.542.964.5720.434.436.941.44643.331.4
Research and development14.916.218.515.417.428.549.664.7133221
Selling and marketing01.519.6629.825.327.525.511.70.130.09
General and administrative11.211.515.417.920.725.634.840.152.451.6
Operating expenses26.129.243.668.271.792.2141121189275
Operating income-18.6-26.3-39-47.9-37.3-55.3-99.6-75.1-146-243
Interest expense00.722.366.187.265.53.191.250.010.03
Other non-operating income0.09-26.90.42-8.93-8.1-3.14-2.624.3615.111.8
Pre-tax income-18.5-53.2-56.8-45.4-58.4-102-70.7-131-232
Income tax0000000.080.090.28
Net income-18.5-53.2-86.1-56.8-45.4-58.4-102-70.8-131-232
EBITDA-18.5-26.1-47.7-37.1-55-99.2-74.6-144-241
EPS, basic-5.24-11.59-12.79-5.44-3.54-2.03-2.74-1.82-2.32-3.17
EPS, diluted-5.24-11.59-12.79-5.44-3.54-2.03-2.74-1.82-2.32-3.17
Shares, basic (weighted)3.514.596.7410.412.828.837.30.040.060.07
Shares, diluted (weighted)3.514.596.7410.412.828.837.30.040.060.07

Balance sheet

FY2017FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents16.938.845.322.244.917995.628199.7102
Short-term investments03348.949.8271204
Inventory000.282.145.343.622.893.912.311.81
Other current assets0.590.781.4363.420.520.781.011.411.96
Total current assets17.739.947.641.763.1238173345383329
Property, plant and equipment0.310.250.290.360.630.481.365.258.189.02
Lease right-of-use assets03.082.612.256.044.982120.2
Intangible assets0.3631.430.127.725.222.70
Other non-current assets05.835.95
Total assets18.771.778.27391.7263180355418364
Accounts payable1.022.942.644.194.817.395.926.511.710.5
Accrued liabilities4.223.723.796.838.4514.416.417.518.124.4
Deferred revenue0.0500.030.020.951.071.2138.617.80
Short-term debt010.50
Total current liabilities5.2921.721.511.514.923.734.563.34937
Long-term debt017.317.647.23836.629.3
Lease liabilities02.92.331.865.984.9121.920.8
Other non-current liabilities0.051.231.4632.372.350.600.210.09
Total liabilities5.346040.564.673.2798488.98257.9
Total debt017.317.647.23836.630
Paid-in capital3233754454735287537671,0081,2081,410
Retained earnings-311-364-408-465-511-569-671-742-873-1,105
Other comprehensive income0.830.840.840.840.840.840.790.861.030.96
Shareholders' equity13.311.737.68.3318.518496.4266337306
Total equity13.311.737.68.3318.518496.4266337306
Total liabilities and equity18.771.778.27391.7263180355418364
Shares outstanding3.917.49.4710.918.133.934.14968.382.8

Cash flow statement

FY2017FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-18.5-53.2-86.1-56.8-45.4-58.4-102-70.8-131-232
Depreciation and amortization0.090.170.140.190.310.40.461.542.31
Stock-based compensation2.462.74.575.557.4514.212.136.727.9
Deferred income tax0.080.090.28
Change in inventory00-1.86-3.21.35-0.76-1.551.60.49
Change in payables-0.351.75
Cash from operations-20.5-21.9-56.7-14.4-50.1-651.88-126-240
Capital expenditures-0.15-0.11-0.21-0.36-0.16-2.15-3.48-4.05-3.28
Acquisitions0-16.8
Purchases of investments0-33-139-55.1-398-252
Sales and maturities of investments18.70012455.3183324
Cash from investing13.6-16.9-0.21-0.36-33.1-17.3-3.32-21968.6
Debt issued020500300
Debt repaid-20-13.80-38.2-300
Stock issued8.441.522.649.90.370226163173
Cash from financing8.560.733.937.5217-0.69187164174
Exchange rate effect-0.010000
Net change in cash1.5921.9-2322.7134-83186-1822.12
Free cash flow-20.6-22-56.9-14.8-50.3-67.2-1.61-130-243
Interest paid00.264.875.514.852.61.410
Income taxes paid00.10.2

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.62 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-11,369.0%Operating income / revenue.
EBITDA margin-11,276.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-10,999.0%Net income / revenue.
FCF margin-9,730.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-9,587.0%Cash from operations / revenue.
Return on equity (ROE)-184.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-134.4%Net income / average total assets.
Return on invested capital (ROIC)-447.5%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue9,424.0%Research and development expense / revenue.
Stock-based pay / revenue1,263.0%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue142.8%Capital expenditures / revenue.
D&A / revenue93.3%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-27.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-8.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-1.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-9.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y47.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y75.2%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-13.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y26.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y31.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y30.1%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-87.5%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-64.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio4.50xCurrent assets / current liabilities.
Quick ratio4.30x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio4.30x(Cash + short-term investments) / current liabilities.
Liabilities / assets27.1%Total liabilities / total assets.
Working capital$146.9MCurrent assets - current liabilities.
Tangible book value$166.4MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.01xRevenue / average total assets.
Fixed asset turnover0.28xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-$3,543.00Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$32.22Revenue / diluted weighted shares.
FCF per share-$3,135.00Free cash flow / diluted weighted shares.
Operating cash flow per share-$3,089.00Cash from operations / diluted weighted shares.
Book value per share$1.96Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$1.96Tangible book value / shares outstanding.
Cash per share$2.12(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$312.1MShare price x shares outstanding.
Enterprise value$131.6MMarket cap + total debt - cash - short-term investments.
P/S112xMarket cap / revenue.
P/B1.88xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.88xMarket cap / tangible book value, when positive.
EV/Sales47.2xEnterprise value / revenue.
FCF yield-86.9%Free cash flow / market cap.
Earnings yield-98.3%Net income / market cap (the inverse of P/E).
What was EyePoint, Inc.'s revenue in fiscal 2025?

EyePoint, Inc. reported revenue of $31.4M for fiscal 2025, 27.5% lower than the year before.

Was EyePoint, Inc. profitable in fiscal 2025?

No. It reported a net loss of $232.0M.

How much free cash flow did EyePoint, Inc. generate in fiscal 2025?

Cash from operations of $240.1M minus capital expenditures of $3.3M left free cash flow of -$243.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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