Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Outlook Therapeutics, 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
2.98
3.81
3.09
8.15
1.41
Cost of revenue
1.36
Gross profit
0.06
Research and development
32.8
23.8
18.5
23.8
26.3
39
42.3
26.5
41.8
27.2
Selling, general and administrative
29.9
39.9
General and administrative
21.6
15.9
14.2
9.37
9.97
12.8
20.7
26.7
29.9
Operating expenses
54.3
39.7
32.7
44.4
36.8
51.7
Operating income
-51.3
-35.9
-29.6
-36.3
-36.8
-51.7
-63.1
-53.1
-71.7
-67.1
Interest expense
1.85
5.63
3.89
3.47
1.76
2.53
3.16
Interest income
0.97
0.91
0.09
Pre-tax income
-53.2
-38.3
-33.7
-37.9
-38.5
-53.2
-66
-59
-75.4
-64
Income tax
0.1
0.5
-3.65
-3.41
-3.27
0
0
0
0
-1.55
Net income
-53.3
-38.8
-30.1
-34.5
-35.2
-53.2
-66.1
-59
-75.4
-62.4
EBITDA
-49
-33.2
-26.6
-32.9
-36.6
-51.5
-62.9
-53.1
-71.6
-66.9
EPS, basic
-72.18
-32.84
-23.99
-38.94
-13.18
-6.88
-6.10
-4.72
-4.06
-1.79
EPS, diluted
-72.18
-35.40
-23.99
-38.94
-13.18
-6.88
-6.10
-4.72
-4.06
-1.79
Shares, basic (weighted)
0.88
1.22
2.01
0.93
3.69
7.76
10.8
12.5
18.5
34.8
Shares, diluted (weighted)
0.88
1.22
2.01
0.93
3.69
7.76
10.8
12.5
18.5
34.8
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
2.35
3.19
1.72
8.02
12.5
14.5
17.4
23.4
14.9
8.08
Receivables
1.49
Inventory
3.34
Other current assets
3.33
0.72
1.59
4.99
5.41
7.03
10.1
7.59
12.5
4.48
Total current assets
5.68
3.9
3.3
13.5
17.9
21.5
27.5
31
27.4
17.4
Property, plant and equipment
18.7
16.1
18.5
3.18
0.33
0.16
Lease right-of-use assets
0.17
0.11
0.07
0.03
0.27
0.23
Other non-current assets
0.85
0.74
0.49
0.46
1.29
0.17
0.13
0.5
0.44
0.42
Total assets
25.4
20.7
22.3
17.1
19.7
22.8
28.5
32.3
28.8
18.6
Accounts payable
5.07
11
3.61
2.28
2.39
2.2
3.49
6.57
7.97
10.2
Accrued liabilities
6.12
7.34
6.46
4.62
7.76
1.73
3.43
2.75
3.24
5.31
Deferred revenue
1.21
3.09
1.74
Short-term debt
0.59
0.05
0.07
1,026
Total current liabilities
20.4
28.7
32
20.3
15.9
6.75
19.7
46.7
42.6
45.8
Long-term debt
2.23
0.15
0.1
50.3
Lease liabilities
0.03
0.25
0.19
Other non-current liabilities
2.43
2.57
3.51
3.94
Total liabilities
30.6
51.5
43.1
27.9
16.9
18.2
19.8
46.7
102
50.8
Total debt
2.88
0.2
0.16
1,076
Paid-in capital
142
152
191
238
291
346
415
453
470
573
Retained earnings
-147
-186
-216
-254
-290
-343
-409
-468
-543
-606
Shareholders' equity
-5.17
-33.7
-25.5
-16.1
2.83
4.61
8.74
-14.4
-73.1
-32.2
Total equity
-5.2
-33.7
-25.5
-16.1
2.83
4.61
8.74
-14.4
-73.1
-32.2
Total liabilities and equity
25.4
20.7
22.3
17.1
19.7
22.8
28.5
32.3
28.8
18.6
Shares outstanding
1.16
1.27
0.46
1.45
6.47
8.97
11.6
13
23.9
53.9
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-53.3
-38.8
-30.1
-34.5
-35.2
-53.2
-66.1
-59
-75.4
-62.4
Depreciation and amortization
2.39
2.69
3.05
3.36
0.22
0.26
0.2
0.04
0.11
0.12
Stock-based compensation
12.5
8.57
1.99
1.31
2.81
4.89
7.71
5.55
5.39
8.9
Change in receivables
0.02
-1.49
Change in inventory
-3.34
Change in payables
-5.33
5.73
-6.71
-1.33
-1.49
-0.2
1.3
3.08
1.39
1.67
Cash from operations
-45.5
-15.5
-33
-32.3
-31.8
-54.3
-56.7
-43
-68.8
-51.8
Capital expenditures
-1.1
-0.29
-2.78
-0.44
Cash from investing
-1.1
-0.29
-2.78
-0.44
-0.9
Debt issued
0.2
0.9
10
10
30
33.1
Debt repaid
-1.06
-2.68
-0.13
-6.42
-0.05
-0.05
-12.3
-10.2
-36.1
Stock issued
16.1
1.61
14.7
46
35.4
46.3
62.3
30
60.3
25.4
Cash from financing
39.9
16.6
34.4
39
37.2
56.2
59.6
49
60.3
45
Net change in cash
-6.72
0.83
-1.47
6.3
4.52
1.94
2.92
6
-8.46
-6.84
Free cash flow
-46.6
-15.8
-35.8
-32.7
Interest paid
2.06
1.34
0.11
2.79
0.91
0.05
1.56
1.16
0.48
Income taxes paid
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 $0.64 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-233.4%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
-35.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-13.3%
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
-1.2%
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
87.6%
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
47.8%
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
56.6%
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
0.81x
Current assets / current liabilities.
Quick ratio
0.45x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.39x
(Cash + short-term investments) / current liabilities.
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.
Operating cash flow per share
-$0.41
Cash from operations / diluted weighted shares.
Book value per share
-$0.06
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
Earnings yield
-39.4%
Net income / market cap (the inverse of P/E).
What was Outlook Therapeutics, Inc.'s revenue in fiscal 2025?
Outlook Therapeutics, Inc. reported revenue of $1.4M for fiscal 2025.
Was Outlook Therapeutics, Inc. profitable in fiscal 2025?
No. It reported a net loss of $62.4M.
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.