Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Opus Genetics, 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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
3
0
0.59
39.9
19
11
14.2
Research and development
10.1
10.7
13.1
5.48
6.65
15.2
14.4
17.7
26.9
30.8
General and administrative
6.32
6.64
7.43
1.82
2.82
8.12
7.27
12
18.2
22
Operating expenses
16.4
17.4
20.5
4.19
20
23.3
21.6
29.6
73.1
52.8
Operating income
-16.4
-17.4
-20.5
-4.19
-20
-22.7
18.2
-10.6
-62.1
-38.6
Interest expense
1.41
6.85
0
0.01
0
0
0.13
Interest income
0.12
0.21
0.25
0.31
Other non-operating income
7.11
-7.94
6.17
2.58
0.01
-0.16
-0.01
1.84
4.47
1.99
Pre-tax income
-9.31
-25.3
-14.4
-6.17
-24.6
-56.7
18.2
-9.97
-57.5
-49.6
Income tax
0
0
0
0.32
0.01
0
0
Net income
-9.31
-25.3
-14.4
-6.17
-24.6
-56.7
17.9
-9.99
-57.5
-49.6
EBITDA
-16.4
-17.3
-20.5
-4.15
-20
-22.7
18.2
-10.6
-62.1
-38.5
EPS, basic
-5.13
-10.98
-5.25
-2.17
-5.28
-3.82
0.90
-0.46
-2.15
-0.80
EPS, diluted
-5.13
-10.98
-5.25
-2.17
-5.28
-3.82
0.87
-0.46
-2.15
-0.80
Shares, basic (weighted)
1.82
2.3
2.74
2.84
4.66
14.9
19.9
21.6
26.7
62.2
Shares, diluted (weighted)
1.82
2.3
2.74
2.84
4.66
14.9
20.6
21.6
26.7
62.2
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
11.6
8.9
8.74
1.54
16.4
24.5
42.6
50.5
30.3
45.1
Short-term investments
0
0.22
0.05
0.02
0
0
Receivables
0
0
1.3
0.93
3.56
2
Other current assets
0.43
0.51
0.56
0.01
0.03
0.07
0.08
0.1
0.52
1.79
Total current assets
20.9
28.1
15.9
1.76
17.7
26.1
49
53.9
36.6
50
Property, plant and equipment
0.09
0.12
0.11
0.02
0.01
0.01
0.01
0
0.25
0.2
Lease right-of-use assets
0.2
Total assets
21
28.3
16
1.78
17.7
26.1
49
53.9
36.9
50.2
Accounts payable
1.88
3.23
3.15
0.34
1.21
1.58
1.07
2.15
3.15
3.29
Accrued liabilities
0.62
1.97
1.73
1.68
1.82
8.15
4.49
Deferred revenue
1.5
Short-term debt
0
0.54
0
Total current liabilities
3.15
9.34
3.19
3.86
2.75
4.04
11.3
7.78
Long-term debt
0
1.13
Lease liabilities
0.06
Total liabilities
3.99
11.5
5.48
9.34
31.1
3.86
2.75
4.04
11.3
34.9
Total debt
0
1.13
Paid-in capital
132
157
165
0.5
19.2
112
118
131
146
204
Retained earnings
-115
-140
-155
-8.06
-32.7
-89.4
-71.5
-81.5
-139
-189
Other comprehensive income
-0.01
-0.06
-0.02
0
Shareholders' equity
17.1
16.8
-1.7
-7.56
-13.5
22.2
46.2
49.9
6.72
15.3
Total equity
17.1
16.8
-1.7
-7.56
-13.5
22.2
46.2
49.9
6.72
15.3
Total liabilities and equity
21
28.3
16
1.78
17.7
26.1
49
53.9
36.9
50.2
Shares outstanding
1.99
2.66
3.12
2.85
10.9
18.8
20.9
24
31.6
69.9
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-9.31
-25.3
-14.4
-6.17
-24.6
-56.7
17.9
-9.99
-57.5
-49.6
Depreciation and amortization
0.03
0.04
0.05
0.04
0.01
0
0
0.01
0.01
0.05
Stock-based compensation
1.41
1.04
1.23
0.31
1.51
1.91
1.81
3.51
3.36
3.4
Change in receivables
0
-1.3
0.37
-2.64
1.57
Change in payables
-0.78
1.35
-0.08
-0.17
0.79
0.38
-0.52
1.08
0.22
0.01
Cash from operations
-13.2
-15.4
-18.8
-3.59
-6.8
-19.4
14.3
-1.11
-25.6
-35.3
Capital expenditures
-0.03
0
Purchases of investments
-8.75
-21
-8.89
Sales and maturities of investments
13.2
11.7
12
12
Cash from investing
4.48
-9.37
11.9
-0.03
0.54
-0.1
0
0
1.21
0
Stock issued
16.7
6.87
7.65
0
28.5
4.43
9.23
4.5
5.81
Cash from financing
10.1
22.1
6.77
4.7
21.1
27.6
3.79
8.98
4.19
50
Net change in cash
1.38
-2.68
-0.15
1.09
14.9
8.14
18.1
7.87
-20.2
14.8
Free cash flow
-3.62
-6.8
Interest paid
0
0
0
0.01
0
0
0
Income taxes paid
0
0
0
0
0.34
0
0
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 $4.76 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-513.5%
Operating income / revenue.
EBITDA margin
-512.9%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-1,092.0%
Pre-tax income / revenue.
Net margin
-1,092.0%
Net income / revenue.
Operating cash flow margin
-412.6%
Cash from operations / revenue.
Return on assets (ROA)
-115.8%
Net income / average total assets.
R&D / revenue
391.9%
Research and development expense / revenue.
Stock-based pay / revenue
45.3%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
0.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
29.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-29.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
128.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-30.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
36.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
0.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
23.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
132.9%
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
44.6%
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
67.9%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
12.2x
Current assets / current liabilities.
Quick ratio
11.8x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
11.7x
(Cash + short-term investments) / current liabilities.
Debt / assets
37.9%
Total debt / total assets.
Liabilities / assets
114.0%
Total liabilities / total assets.
Net debt
-$53.5M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net 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
$0.09
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.37
Cash from operations / diluted weighted shares.
Book value per share
-$0.16
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
40.2x
Market cap / revenue.
EV/Sales
34.7x
Enterprise value / revenue.
Earnings yield
-27.2%
Net income / market cap (the inverse of P/E).
What was Opus Genetics, Inc.'s revenue in fiscal 2025?
Opus Genetics, Inc. reported revenue of $14.2M for fiscal 2025, 29.1% higher than the year before.
Was Opus Genetics, Inc. profitable in fiscal 2025?
No. It reported a net loss of $49.6M.
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.