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Financial statements

OmniAb, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data OmniAb, 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

FY2021FY2022FY2023FY2024FY2025
Revenue34.759.134.226.418.7
Research and development39.248.456.555.147.8
General and administrative16.924.933.330.729.2
Operating expenses70.485.710410187.6
Operating income-35.6-26.6-69.4-74.5-69
Interest expense0.010
Interest income00.595.063.112.66
Other non-operating income1.260.595.063.092.68
Pre-tax income-34.4-26.1-64.4-71.4-66.3
Income tax-7.31-3.73-13.7-9.38-1.52
Net income-27-22.3-50.6-62-64.8
EBITDA-19.4-8.4-49.9-50.9-47.2
EPS, basic-0.33-0.26-0.51-0.61-0.57
EPS, diluted-0.33-0.26-0.51-0.61-0.57
Shares, basic (weighted)82.685.399.7102114
Shares, diluted (weighted)82.685.399.7102114

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash and equivalents033.416.427.625.5
Short-term investments054.970.631.828.5
Receivables21.130.33.845.277.39
Inventory0.050.82
Other current assets1.416.44.071.091.11
Total current assets22.512594.968.165.3
Property, plant and equipment6.82018.215.59.43
Lease right-of-use assets13.321.519.917.815.5
Goodwill8484848484
Intangible assets176167155138125
Other non-current assets1.53.132.191.540.91
Total assets304421375326301
Accounts payable2.922.974.412.31.88
Accrued liabilities3.755.567.076.146.29
Deferred revenue10.88.216.852.343.16
Total current liabilities20.62623.115.116.3
Lease liabilities13.32422.119.416.5
Other non-current liabilities0.30.050.030.090.08
Total liabilities70.279.860.637.933.9
Paid-in capital0330354389433
Retained earnings011.3-39.4-101-166
Other comprehensive income00.010.050.030.01
Shareholders' equity234341315288267
Total equity234341315288267
Total liabilities and equity304421375326301
Shares outstanding0115117122144

Cash flow statement

FY2021FY2022FY2023FY2024FY2025
Net income-27-22.3-50.6-62-64.8
Depreciation and amortization16.318.219.523.621.8
Stock-based compensation15.118.324.821.515.8
Deferred income tax-7.33-7.25-12.8-9.04-1.53
Change in receivables6.02-12.726.9-0.630.19
Change in payables1.5115.10.92-2.41-0.23
Cash from operations-5.67-3.592.35-39.7-36.5
Capital expenditures-4.07-17.2-1.64-1.88-0.57
Purchases of investments0-54.8-113-40.3-46.9
Sales and maturities of investments1.27096.97850.8
Cash from investing-4.03-73.3-18.437.96.47
Stock issued096.2011.40
Cash from financing9.7111-0.891327.9
Net change in cash033.8-16.911.2-2.07
Free cash flow-9.74-20.80.7-41.5-37
Income taxes paid02.610.02

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 $4.61 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-125.8%Operating income / revenue.
EBITDA margin-100.3%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-118.9%Pre-tax income / revenue.
Net margin-115.1%Net income / revenue.
FCF margin-47.2%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-46.0%Cash from operations / revenue.
Return on equity (ROE)-17.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-15.3%Net income / average total assets.
Return on invested capital (ROIC)-16.2%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 / revenue113.2%Research and development expense / revenue.
Stock-based pay / revenue36.6%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue1.2%Capital expenditures / revenue.
D&A / revenue25.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-29.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-31.9%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-7.2%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-7.9%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-7.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-10.6%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y11.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y10.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio4.80xCurrent assets / current liabilities.
Quick ratio4.53x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio3.78x(Cash + short-term investments) / current liabilities.
Liabilities / assets10.3%Total liabilities / total assets.
Working capital$52.3MCurrent assets - current liabilities.
Goodwill and intangibles / assets68.9%(Goodwill + intangible assets) / total assets.
Tangible book value$60.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.13xRevenue / average total assets.
Fixed asset turnover4.54xRevenue / average property, plant and equipment.
Receivables turnover3.72xRevenue / average receivables.
Days sales outstanding98 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.34Net 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$0.30Revenue / diluted weighted shares.
FCF per share-$0.14Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.14Cash from operations / diluted weighted shares.
Book value per share$1.79Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.41Tangible book value / shares outstanding.
Cash per share$0.36(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$670.2MShare price x shares outstanding.
Enterprise value$618.3MMarket cap + total debt - cash - short-term investments.
P/S17.4xMarket cap / revenue.
P/B2.58xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book11.1xMarket cap / tangible book value, when positive.
EV/Sales16.1xEnterprise value / revenue.
FCF yield-2.7%Free cash flow / market cap.
Earnings yield-6.6%Net income / market cap (the inverse of P/E).
What was OmniAb, Inc.'s revenue in fiscal 2025?

OmniAb, Inc. reported revenue of $18.7M for fiscal 2025, 29.3% lower than the year before.

Was OmniAb, Inc. profitable in fiscal 2025?

No. It reported a net loss of $64.8M.

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

Cash from operations of $36.5M minus capital expenditures of $565.0K left free cash flow of -$37.0M.

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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