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OM · Nasdaq · United States · Electromedical & Electrotherapeutic Apparatus
In shortOutset Medical, Inc. is loss-making, burns cash and holds more cash than debt, with revenue growing (+5.1% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -55.8% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -68.3% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -106.2% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -23.6% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 6.67× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.76× | 69/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -4.78× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -9.87 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -39.4% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 46.4% | 0/100 |
| Operating margin volatility | 34.0% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.2% | 23/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 103 | 115 | 130 | 114 | 119 |
| Cost of revenue | 95 | 98 | 101 | 75 | 73 |
| Gross profit | 7.6 | 18 | 29 | 39 | 47 |
| Research & development | 37 | 49 | 57 | 38 | 21 |
| Operating income | (131) | (161) | (170) | (113) | (67) |
| Interest expense | 1.7 | 3.6 | 13 | 24 | 14 |
| Pre-tax income | (132) | (163) | (172) | (127) | (81) |
| Income tax | 0.2 | 0.3 | 0.5 | 0.5 | 0.7 |
| Net income | (132) | (163) | (173) | (128) | (82) |
| Diluted EPS | −$2.89 | −$3.38 | −$52.28 | −$36.96 | −$5.37 |
| Diluted shares (millions) | 0 | 0 | 0 | 0 | 0 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Outset Medical, Inc. are included in the Investor plan. Try free for 7 days →
−9.87 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026