Outset Medical, Inc(NASDAQ:OM)

Outset Medical, Inc., a medical technology company, develops a hemodialysis system for dialysis. It offers Tablo Hemodialysis System, which comprises of a compact console with integrated water purification, on-demand dialysate production, and software and connectivity capabilities for dialysis care ...
Website: http://www.outsetmedical.com
Founded: 2003
Full Time Employees: 284
CEO: Leslie L. Trigg
Sector: Healthcare
Industry: Medical Devices
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||||||
product revenue | 18,550,000 | 19,874,000 | 20,558,000 | 23,082,000 | 21,294,000 | 21,006,000 | 20,305,000 | 19,238,000 | 20,428,000 | 22,897,000 | 23,531,000 | 29,330,000 | 27,779,000 | 26,364,000 | 21,739,000 | 19,621,000 | 25,664,000 | 23,650,000 | 21,824,000 | 20,628,000 | 18,210,000 | 13,177,000 | 10,812,000 |
service and other revenue | 9,313,000 | 9,000,000 | 8,873,000 | 8,337,000 | 8,458,000 | 8,461,000 | 8,361,000 | 8,150,000 | 7,740,000 | 7,610,000 | 6,831,000 | 6,710,000 | 5,688,000 | 5,643,000 | 6,022,000 | 5,436,000 | 4,886,000 | 4,502,000 | 4,494,000 | 4,588,000 | 4,706,000 | 4,070,000 | 2,944,000 |
total revenue | 27,863,000 | 28,874,000 | 29,431,000 | 31,419,000 | 29,752,000 | 29,467,000 | 28,666,000 | 27,388,000 | 28,168,000 | 30,507,000 | 30,362,000 | 36,040,000 | 33,467,000 | 32,007,000 | 27,761,000 | 25,057,000 | 30,550,000 | 28,152,000 | 26,318,000 | 25,216,000 | 22,916,000 | 17,247,000 | 13,756,000 |
yoy | -6.35% | -2.01% | 2.67% | 14.72% | 5.62% | -3.41% | -5.59% | -24.01% | -15.83% | -4.69% | 9.37% | 43.83% | 9.55% | 13.69% | 5.48% | -0.63% | 33.31% | 63.23% | 91.32% | ||||
qoq | -3.50% | -1.89% | -6.33% | 5.60% | 0.97% | 2.79% | 4.67% | -2.77% | -7.67% | 0.48% | -15.75% | 7.69% | 4.56% | 15.29% | 10.79% | -17.98% | 8.52% | 6.97% | 4.37% | 10.04% | 32.87% | 25.38% | |
cost of revenue: | |||||||||||||||||||||||
cost of product revenue | 8,833,000 | 9,803,000 | 11,169,000 | 11,791,000 | 11,002,000 | 11,769,000 | 11,532,000 | 10,567,000 | 12,581,000 | 14,588,000 | 16,837,000 | 22,212,000 | 20,817,000 | 22,050,000 | 19,632,000 | 17,718,000 | 23,110,000 | 21,459,000 | 20,526,000 | 22,077,000 | 20,577,000 | 14,917,000 | 17,265,000 |
cost of service and other revenue | 6,935,000 | 6,840,000 | 6,672,000 | 7,761,000 | 7,684,000 | 6,951,000 | 7,314,000 | 7,039,000 | 7,372,000 | 8,207,000 | 6,368,000 | 6,125,000 | 6,222,000 | 4,684,000 | 3,793,000 | 3,557,000 | 2,998,000 | 3,372,000 | 2,846,000 | 2,087,000 | 2,050,000 | 1,913,000 | 1,617,000 |
total cost of revenue | 15,768,000 | 16,643,000 | 17,841,000 | 19,552,000 | 18,686,000 | 18,720,000 | 18,846,000 | 17,606,000 | 19,953,000 | 22,795,000 | 23,205,000 | 28,337,000 | 27,039,000 | 26,734,000 | 23,425,000 | 21,275,000 | 26,108,000 | 24,831,000 | 23,372,000 | 24,164,000 | 22,627,000 | 16,830,000 | 18,882,000 |
gross profit | 12,095,000 | 12,231,000 | 11,590,000 | 11,867,000 | 11,066,000 | 10,747,000 | 9,820,000 | 9,782,000 | 8,215,000 | 7,712,000 | 7,157,000 | 7,703,000 | 6,428,000 | 5,273,000 | 4,336,000 | 3,782,000 | 4,442,000 | 3,321,000 | 2,946,000 | 1,052,000 | 289,000 | 417,000 | -5,126,000 |
yoy | 9.30% | 13.81% | 18.02% | 21.31% | 34.70% | 39.35% | 37.21% | 26.99% | 27.80% | 46.25% | 65.06% | 103.68% | 44.71% | 58.78% | 47.18% | 259.51% | 1437.02% | 696.40% | -157.47% | ||||
qoq | -1.11% | 5.53% | -2.33% | 7.24% | 2.97% | 9.44% | 0.39% | 19.07% | 6.52% | 7.75% | -7.09% | 19.84% | 21.90% | 21.61% | 14.65% | -14.86% | 33.75% | 12.73% | 180.04% | 264.01% | -30.70% | -108.13% | |
gross margin % | 43.41% | 42.36% | 39.38% | 37.77% | 37.19% | 36.47% | 34.26% | 35.72% | 29.16% | 25.28% | 23.57% | 21.37% | 19.21% | 16.47% | 15.62% | 15.09% | 14.54% | 11.80% | 11.19% | 4.17% | 1.26% | 2.42% | -37.26% |
operating expenses: | |||||||||||||||||||||||
research and development | 5,618,000 | 5,055,000 | 5,376,000 | 5,289,000 | 5,515,000 | 7,889,000 | 8,139,000 | 9,734,000 | 12,635,000 | 12,532,000 | 16,076,000 | 14,906,000 | 13,793,000 | 11,444,000 | 13,059,000 | 13,521,000 | 10,831,000 | 11,410,000 | 9,729,000 | 8,032,000 | 7,570,000 | 7,784,000 | 9,175,000 |
sales and marketing | 13,279,000 | 12,879,000 | 13,550,000 | 14,280,000 | 13,652,000 | 15,451,000 | 15,417,000 | 18,128,000 | 21,048,000 | 22,194,000 | 24,720,000 | 24,985,000 | 24,333,000 | 23,631,000 | 22,276,000 | 23,198,000 | 20,377,000 | 22,991,000 | 15,726,000 | 13,204,000 | 13,149,000 | 15,198,000 | 13,344,000 |
general and administrative | 10,117,000 | 11,926,000 | 8,477,000 | 9,163,000 | 8,298,000 | 9,267,000 | 10,103,000 | 12,684,000 | 11,444,000 | 10,339,000 | 11,815,000 | 11,290,000 | 11,787,000 | 10,022,000 | 10,000,000 | 10,784,000 | 9,709,000 | 9,719,000 | 7,629,000 | 9,722,000 | 9,246,000 | 9,050,000 | 13,088,000 |
total operating expenses | 29,014,000 | 29,860,000 | 27,403,000 | 28,732,000 | 27,465,000 | 32,607,000 | 33,659,000 | 40,546,000 | 45,127,000 | 45,065,000 | 52,611,000 | 51,181,000 | 49,913,000 | 45,097,000 | 45,335,000 | 47,503,000 | 40,917,000 | 44,120,000 | 33,084,000 | 30,958,000 | 29,965,000 | 32,032,000 | 35,607,000 |
income from operations | -16,919,000 | -17,629,000 | -15,813,000 | -16,865,000 | -16,399,000 | -21,860,000 | -23,839,000 | -30,764,000 | -36,912,000 | -37,353,000 | -45,454,000 | -43,478,000 | -43,485,000 | -39,824,000 | -40,999,000 | -43,721,000 | -36,475,000 | -40,799,000 | -30,138,000 | -29,906,000 | -29,676,000 | -31,615,000 | -40,733,000 |
yoy | 3.17% | -19.35% | -33.67% | -45.18% | -55.57% | -41.48% | -47.55% | -29.24% | -15.12% | -6.20% | 10.87% | -0.56% | 19.22% | -2.39% | 36.04% | 46.19% | 22.91% | 29.05% | -26.01% | ||||
qoq | -4.03% | 11.48% | -6.24% | 2.84% | -24.98% | -8.30% | -22.51% | -16.66% | -1.18% | -17.82% | 4.54% | -0.02% | 9.19% | -2.87% | -6.23% | 19.87% | -10.60% | 35.37% | 0.78% | 0.78% | -6.13% | -22.38% | |
operating margin % | -60.72% | -61.05% | -53.73% | -53.68% | -55.12% | -74.18% | -83.16% | -112.33% | -131.04% | -122.44% | -149.71% | -120.64% | -129.93% | -124.42% | -147.69% | -174.49% | -119.39% | -144.92% | -114.51% | -118.60% | -129.50% | -183.31% | -296.11% |
interest income and other income | 1,527,000 | 1,674,000 | 1,855,000 | 1,903,000 | 1,976,000 | 2,043,000 | 2,149,000 | 2,471,000 | 3,098,000 | 2,282,000 | 2,573,000 | 2,668,000 | 2,648,000 | 1,907,000 | 805,000 | 459,000 | 120,000 | 123,000 | 99,000 | 164,000 | 112,000 | 2,000 | -3,000 |
interest expense | -3,369,000 | -3,441,000 | -3,476,000 | -3,475,000 | -3,560,000 | -5,825,000 | -6,068,000 | -6,010,000 | -5,968,000 | -3,417,000 | -3,213,000 | -3,103,000 | -2,942,000 | -2,096,000 | -567,000 | -481,000 | -422,000 | -431,000 | -431,000 | -431,000 | -422,000 | -430,000 | -428,000 |
loss on extinguishment of term loan | -7,685,000 | -1,567,000 | |||||||||||||||||||||
income before provision for income taxes | -18,761,000 | -19,396,000 | -17,434,000 | -18,437,000 | -25,668,000 | -25,642,000 | -27,758,000 | -34,303,000 | -39,782,000 | -38,488,000 | -46,094,000 | -43,913,000 | -43,779,000 | -41,380,000 | -40,761,000 | -43,743,000 | -36,777,000 | -41,107,000 | -30,470,000 | -30,173,000 | -29,986,000 | -32,043,000 | -42,294,000 |
provision for income taxes | 217,000 | 95,000 | 404,000 | 104,000 | 115,000 | -4,000 | 182,000 | 151,000 | 162,000 | 112,000 | 86,000 | 133,000 | 192,000 | 64,000 | 20,000 | 96,000 | 115,000 | 125,000 | 35,000 | 39,000 | |||
net income | -18,978,000 | -19,491,000 | -17,838,000 | -18,541,000 | -25,783,000 | -25,638,000 | -27,940,000 | -34,454,000 | -39,944,000 | -38,600,000 | -46,180,000 | -44,046,000 | -43,971,000 | -41,444,000 | -40,781,000 | -43,839,000 | -36,892,000 | -41,232,000 | -30,470,000 | -30,208,000 | -30,025,000 | -32,043,000 | -42,294,000 |
yoy | -26.39% | -23.98% | -36.16% | -46.19% | -35.45% | -33.58% | -39.50% | -21.78% | -9.16% | -6.86% | 13.24% | 0.47% | 19.19% | 0.51% | 33.84% | 45.12% | 22.87% | 28.68% | -27.96% | ||||
qoq | -2.63% | 9.27% | -3.79% | -28.09% | 0.57% | -8.24% | -18.91% | -13.74% | 3.48% | -16.41% | 4.84% | 0.17% | 6.10% | 1.63% | -6.98% | 18.83% | -10.53% | 35.32% | 0.87% | 0.61% | -6.30% | -24.24% | |
net income margin % | -68.11% | -67.50% | -60.61% | -59.01% | -86.66% | -87.01% | -97.47% | -125.80% | -141.81% | -126.53% | -152.10% | -122.21% | -131.39% | -129.48% | -146.90% | -174.96% | -120.76% | -146.46% | -115.78% | -119.80% | -131.02% | -185.79% | -307.46% |
net income per share | -1.03 | -1 | -1 | -1.04 | -3.66 | -0.48 | -0.55 | -0.66 | -0.78 | -0.76 | -0.93 | -0.9 | -0.9 | -0.84 | -0.85 | -0.92 | -0.78 | -0.93 | -0.65 | -0.66 | 1.45 | -3.44 | |
shares used in computing net loss per share, basic and diluted | 18,373 | 983 | 17,783 | 17,743 | 7,038 | 266 | 50,501 | 51,880 | 50,901 | 224 | 49,913 | 48,951 | 48,783 | 326 | 48,129 | 47,882 | 47,487 | ||||||
change in fair value of redeemable convertible preferred stock warrant liability | 437,000 | ||||||||||||||||||||||
net loss attributable to common stockholders, basic and diluted | -41,232,000 | -30,470,000 | -30,208,000 | -32,043,000 | -42,294,000 | ||||||||||||||||||
weighted-average shares used for eps calculation | 45,589 | 46,588 | 45,680 | 16,358 | 12,299 | ||||||||||||||||||
net income attributable to common stockholders: | |||||||||||||||||||||||
basic | -30,025,000 | ||||||||||||||||||||||
diluted | -30,025,000 | ||||||||||||||||||||||
net income per share | -1.03 | -1 | -1 | -1.04 | -3.66 | -0.48 | -0.55 | -0.66 | -0.78 | -0.76 | -0.93 | -0.9 | -0.9 | -0.84 | -0.85 | -0.92 | -0.78 | -0.93 | -0.65 | -0.66 | 1.45 | -3.44 | |
basic | -0.7 | ||||||||||||||||||||||
diluted | -0.7 | ||||||||||||||||||||||
weighted-average shares used for eps calculation | 45,589 | 46,588 | 45,680 | 16,358 | 12,299 | ||||||||||||||||||
basic | 42,760 | ||||||||||||||||||||||
diluted | 42,760 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
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assets | |||||||||||||||||||||||
current assets: | |||||||||||||||||||||||
cash and cash equivalents | 30,562,000 | 35,006,000 | 36,437,000 | 39,559,000 | 75,928,000 | 124,014,000 | 33,287,000 | 37,859,000 | 32,176,000 | 68,509,000 | 36,297,000 | 36,388,000 | 36,386,000 | 73,222,000 | 63,877,000 | 75,497,000 | 114,346,000 | 182,348,000 | 230,508,000 | 274,274,000 | 251,767,000 | 294,972,000 | 311,327,000 |
short-term investments | 126,144,000 | 133,940,000 | 142,201,000 | 144,531,000 | 113,074,000 | 34,671,000 | 142,346,000 | 156,989,000 | 194,743,000 | 134,815,000 | 157,701,000 | 186,403,000 | 212,827,000 | 214,280,000 | 163,640,000 | 186,565,000 | 187,921,000 | 157,140,000 | 142,535,000 | 121,934,000 | 25,717,000 | 19,898,000 | 32,888,000 |
accounts receivable | 25,322,000 | 28,329,000 | 32,962,000 | 34,891,000 | 36,889,000 | 35,619,000 | 34,259,000 | 34,121,000 | 36,478,000 | 32,980,000 | 35,493,000 | 36,902,000 | 34,314,000 | 28,070,000 | 22,512,000 | 24,627,000 | 26,899,000 | 25,600,000 | 19,302,000 | 16,411,000 | 12,110,000 | 6,468,000 | 7,082,000 |
inventories | 49,650,000 | 47,609,000 | 49,289,000 | 52,249,000 | 55,770,000 | 59,387,000 | 61,436,000 | 61,599,000 | 55,839,000 | 49,215,000 | 48,257,000 | 44,495,000 | 47,733,000 | 51,476,000 | 55,260,000 | 53,689,000 | 42,873,000 | 39,185,000 | 34,297,000 | 28,882,000 | 24,554,000 | 18,384,000 | 11,810,000 |
prepaid expenses and other current assets | 5,031,000 | 5,999,000 | 4,478,000 | 4,348,000 | 4,900,000 | 4,530,000 | 3,945,000 | 4,569,000 | 6,155,000 | 5,700,000 | 6,026,000 | 5,216,000 | 6,015,000 | 6,597,000 | 4,714,000 | 5,399,000 | 5,387,000 | 5,529,000 | 6,659,000 | 6,459,000 | 7,578,000 | 6,189,000 | 4,717,000 |
total current assets | 236,709,000 | 250,883,000 | 265,367,000 | 275,578,000 | 286,561,000 | 258,221,000 | 275,273,000 | 295,137,000 | 325,391,000 | 291,219,000 | 283,774,000 | 309,404,000 | 337,275,000 | 373,645,000 | 310,003,000 | 345,777,000 | 377,426,000 | 409,802,000 | 433,301,000 | 447,960,000 | 321,726,000 | 345,911,000 | 367,824,000 |
restricted cash | 3,829,000 | 3,829,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,329,000 | 3,311,000 | 3,311,000 | 33,311,000 | 33,311,000 | 33,311,000 | 33,311,000 | 33,311,000 | 33,311,000 | 33,311,000 | 33,311,000 | 33,311,000 |
property and equipment | 4,073,000 | 4,670,000 | 5,254,000 | 6,166,000 | 6,944,000 | 8,133,000 | 9,492,000 | 10,873,000 | 11,953,000 | 13,273,000 | 13,774,000 | 14,539,000 | 15,189,000 | 15,876,000 | 15,617,000 | 15,245,000 | 13,882,000 | 12,964,000 | 14,532,000 | 15,275,000 | 15,548,000 | 14,998,000 | 14,412,000 |
operating lease right-of-use assets | 4,410,000 | 4,797,000 | 2,767,000 | 3,168,000 | 3,559,000 | 3,940,000 | 4,312,000 | 4,675,000 | 5,029,000 | 5,375,000 | 5,713,000 | 6,042,000 | 5,823,000 | 6,117,000 | 6,405,000 | 6,687,000 | 6,962,000 | 7,231,000 | 7,494,000 | 7,752,000 | 8,004,000 | 8,253,000 | 8,498,000 |
finance lease right-of-use assets | 80,000 | ||||||||||||||||||||||
other assets | 353,000 | 317,000 | 538,000 | 560,000 | 818,000 | 2,172,000 | 484,000 | 520,000 | 540,000 | 605,000 | 961,000 | 1,128,000 | 1,067,000 | 1,166,000 | 386,000 | 216,000 | 161,000 | 156,000 | 166,000 | 515,000 | 1,240,000 | 1,356,000 | 1,977,000 |
total assets | 249,454,000 | 264,496,000 | 277,255,000 | 288,801,000 | 301,211,000 | 275,795,000 | 292,890,000 | 314,534,000 | 346,242,000 | 313,801,000 | 307,551,000 | 334,442,000 | 362,665,000 | 400,115,000 | 365,722,000 | 401,236,000 | 431,742,000 | 463,464,000 | 488,804,000 | 504,813,000 | 379,829,000 | 403,829,000 | 426,022,000 |
liabilities and stockholders' equity | |||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||
accounts payable | 1,440,000 | 554,000 | 1,724,000 | 1,445,000 | 1,172,000 | 3,862,000 | 4,295,000 | 5,255,000 | 6,773,000 | 5,827,000 | 2,880,000 | 2,217,000 | 1,988,000 | 603,000 | 1,444,000 | 2,753,000 | 5,149,000 | 1,763,000 | 2,702,000 | 2,364,000 | 6,651,000 | 4,948,000 | 5,062,000 |
accrued compensation and related benefits | 8,754,000 | 10,735,000 | 10,855,000 | 9,789,000 | 8,241,000 | 16,821,000 | 14,719,000 | 11,431,000 | 14,248,000 | 19,005,000 | 21,544,000 | 17,461,000 | 14,419,000 | 21,519,000 | 19,273,000 | 15,795,000 | 13,478,000 | 24,948,000 | 17,759,000 | 15,308,000 | 12,602,000 | 16,845,000 | 10,850,000 |
accrued expenses and other current liabilities | 11,599,000 | 9,433,000 | 6,692,000 | 8,518,000 | 7,838,000 | 8,205,000 | 6,749,000 | 9,747,000 | 11,968,000 | 13,459,000 | 12,160,000 | 12,650,000 | 13,893,000 | 16,227,000 | 16,370,000 | 23,261,000 | 18,610,000 | 13,789,000 | 11,389,000 | 9,256,000 | 8,183,000 | 7,903,000 | 8,959,000 |
accrued warranty liability | 1,352,000 | 1,374,000 | 1,363,000 | 1,239,000 | 1,930,000 | 1,938,000 | 2,156,000 | 2,199,000 | 3,200,000 | 3,712,000 | 4,068,000 | 4,168,000 | 3,569,000 | 3,620,000 | 3,456,000 | 3,444,000 | 3,628,000 | 3,704,000 | 3,234,000 | 3,073,000 | 2,860,000 | 2,913,000 | 3,258,000 |
deferred revenue, current | 12,641,000 | 13,795,000 | 14,900,000 | 14,009,000 | 13,189,000 | 12,753,000 | 12,766,000 | 13,108,000 | 12,839,000 | 11,727,000 | 10,828,000 | 10,854,000 | 9,038,000 | 8,662,000 | 7,825,000 | 7,752,000 | 6,833,000 | 6,340,000 | 5,212,000 | 4,373,000 | 3,540,000 | 3,201,000 | 4,132,000 |
operating lease liabilities, current | 1,795,000 | 1,739,000 | 1,912,000 | 1,909,000 | 1,853,000 | 1,799,000 | 1,745,000 | 1,693,000 | 1,642,000 | 1,593,000 | 1,544,000 | 1,474,000 | 1,361,000 | 1,318,000 | 1,276,000 | 1,235,000 | 1,192,000 | 1,151,000 | 1,109,000 | 1,069,000 | 984,000 | 882,000 | 782,000 |
finance lease liabilities, current | 26,000 | ||||||||||||||||||||||
total current liabilities | 37,607,000 | 37,630,000 | 37,446,000 | 36,909,000 | 34,223,000 | 45,378,000 | 42,430,000 | 43,433,000 | 50,670,000 | 55,323,000 | 53,024,000 | 48,824,000 | 44,268,000 | 51,949,000 | 49,644,000 | 55,240,000 | 48,890,000 | 51,695,000 | 41,405,000 | 35,443,000 | 34,820,000 | 36,692,000 | 33,043,000 |
deferred revenue | 366,000 | 406,000 | 676,000 | 587,000 | 804,000 | 844,000 | 77,000 | 130,000 | 186,000 | 101,000 | 99,000 | 89,000 | 116,000 | 151,000 | |||||||||
operating lease liabilities | 2,797,000 | 3,271,000 | 1,244,000 | 1,707,000 | 2,201,000 | 2,684,000 | 3,157,000 | 3,616,000 | 4,054,000 | 4,482,000 | 4,901,000 | 5,308,000 | 5,220,000 | 5,576,000 | |||||||||
finance lease liabilities | 59,000 | ||||||||||||||||||||||
term loan | 96,937,000 | 96,784,000 | 96,629,000 | 96,480,000 | 96,336,000 | ||||||||||||||||||
total liabilities | 137,766,000 | 137,544,000 | 134,890,000 | 134,017,000 | 131,343,000 | 248,976,000 | 245,068,000 | 245,935,000 | 253,042,000 | 190,915,000 | 155,488,000 | 151,334,000 | 146,379,000 | 154,125,000 | 86,619,000 | 91,472,000 | 86,289,000 | 89,383,000 | 79,053,000 | 73,651,000 | 73,184,000 | 75,220,000 | 71,689,000 |
commitments and contingencies | |||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||
preferred stock, 0.001 par value... | 3,841,000 | 3,841,000 | 3,841,000 | ||||||||||||||||||||
common stock, 0.001 par value... | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 53,000 | 52,000 | 52,000 | 52,000 | 50,000 | 50,000 | 50,000 | 49,000 | 48,000 | 48,000 | 48,000 | 48,000 | 47,000 | 47,000 | 46,000 | 43,000 | 43,000 | 42,000 |
additional paid-in capital | 1,302,097,000 | 1,298,138,000 | 1,290,234,000 | 1,284,923,000 | 1,281,427,000 | 1,116,447,000 | 1,111,503,000 | 1,104,994,000 | 1,095,097,000 | 1,084,515,000 | 1,075,413,000 | 1,060,418,000 | 1,049,271,000 | 1,035,456,000 | 1,027,495,000 | 1,017,396,000 | 1,008,940,000 | 1,000,212,000 | 994,486,000 | 985,436,000 | 830,694,000 | 822,624,000 | 816,306,000 |
accumulated other comprehensive income | -73,000 | 172,000 | 157,000 | 49,000 | 88,000 | 42,000 | 352,000 | -302,000 | -258,000 | -184,000 | -20,000 | -28,000 | -8,000 | 1,000 | 1,000 | ||||||||
accumulated deficit | -1,190,354,000 | -1,171,376,000 | -1,151,885,000 | -1,134,047,000 | -1,115,506,000 | -1,089,723,000 | -1,064,085,000 | -1,036,145,000 | -1,001,691,000 | -961,747,000 | -923,147,000 | -876,967,000 | -832,921,000 | -788,950,000 | -747,506,000 | -706,725,000 | -662,886,000 | -625,994,000 | -584,762,000 | -554,292,000 | -524,084,000 | -494,059,000 | -462,016,000 |
total stockholders' equity | 111,688,000 | 126,952,000 | 142,365,000 | 154,784,000 | 169,868,000 | 26,819,000 | 47,822,000 | 68,599,000 | 93,200,000 | 122,886,000 | 152,063,000 | 183,108,000 | 216,286,000 | 245,990,000 | 279,103,000 | 309,764,000 | 345,453,000 | 374,081,000 | 409,751,000 | 431,162,000 | 306,645,000 | 328,609,000 | 354,333,000 |
total liabilities and stockholders' equity | 249,454,000 | 264,496,000 | 277,255,000 | 288,801,000 | 301,211,000 | 275,795,000 | 292,890,000 | 314,534,000 | 346,242,000 | 313,801,000 | 307,551,000 | 334,442,000 | 362,665,000 | 400,115,000 | 365,722,000 | 401,236,000 | 431,742,000 | 463,464,000 | 488,804,000 | 504,813,000 | 379,829,000 | ||
accrued interest | 2,695,000 | 2,222,000 | 1,762,000 | 1,319,000 | 896,000 | 680,000 | 484,000 | 295,000 | 113,000 | ||||||||||||||
term loans | 96,237,000 | 95,524,000 | 94,814,000 | 94,115,000 | 197,375,000 | 197,182,000 | 196,994,000 | 196,813,000 | 130,113,000 | ||||||||||||||
accumulated other comprehensive loss | 68,000 | -253,000 | -393,000 | -113,000 | -564,000 | -934,000 | -955,000 | -649,000 | |||||||||||||||
accrued interest, noncurrent | 1,081,000 | 960,000 | 840,000 | 721,000 | 600,000 | 479,000 | 359,000 | 240,000 | 119,000 | ||||||||||||||
deferred revenue, noncurrent | 142,000 | 205,000 | 194,000 | 312,000 | 109,000 | 515,000 | 536,000 | 570,000 | 566,000 | ||||||||||||||
operating lease liabilities, noncurrent | 5,924,000 | 6,261,000 | 6,581,000 | 6,893,000 | 7,199,000 | 7,496,000 | 7,773,000 | 8,044,000 | 8,309,000 | ||||||||||||||
term loan, noncurrent | 29,828,000 | 28,806,000 | 29,784,000 | 29,762,000 | 29,740,000 | 29,718,000 | 29,696,000 | 29,674,000 | 29,652,000 | ||||||||||||||
term loan, current | 1,000,000 | ||||||||||||||||||||||
labilities, redeemable convertible preferred stock and stockholders' equity | |||||||||||||||||||||||
redeemable convertible preferred stock | |||||||||||||||||||||||
redeemable convertible preferred stock, 0.001 par value... | |||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders' equity | 403,829,000 | 426,022,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||
net loss | -18,978,000 | -19,491,000 | -17,838,000 | -18,541,000 | -25,783,000 | -25,638,000 | -27,940,000 | -34,454,000 | -39,944,000 | -38,600,000 | -46,180,000 | -44,046,000 | -43,971,000 | -41,444,000 | -40,781,000 | -43,839,000 | -36,892,000 | -41,232,000 | -30,470,000 | -30,208,000 | -30,025,000 | -32,043,000 |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||
stock-based compensation expense | 3,453,000 | 4,063,000 | 5,080,000 | 3,496,000 | 2,977,000 | 4,945,000 | 6,388,000 | 9,820,000 | 8,203,000 | 9,098,000 | 10,893,000 | 10,105,000 | 8,538,000 | 7,353,000 | 7,430,000 | 7,414,000 | 5,006,000 | 4,792,000 | 2,864,000 | 3,937,000 | 5,852,000 | |
depreciation and amortization | 795,000 | 881,000 | 1,011,000 | 1,155,000 | 1,294,000 | 1,406,000 | 1,391,000 | 1,471,000 | 1,460,000 | 1,446,000 | 1,466,000 | 1,514,000 | 1,384,000 | 1,269,000 | 1,314,000 | 1,324,000 | 1,262,000 | 1,296,000 | 1,313,000 | 1,307,000 | 1,246,000 | 1,930,000 |
non-cash lease expense | 387,000 | 410,000 | 401,000 | 391,000 | 381,000 | 372,000 | 363,000 | 354,000 | 346,000 | 352,000 | 316,000 | 308,000 | 295,000 | 288,000 | 282,000 | 275,000 | 269,000 | 263,000 | 258,000 | 252,000 | 249,000 | 245,000 |
non-cash interest expense | 700,000 | 713,000 | 710,000 | 699,000 | 636,000 | 676,000 | 657,000 | 634,000 | 607,000 | 451,000 | 463,000 | 451,000 | 463,000 | -45,000 | 144,000 | 142,000 | 140,000 | 143,000 | 144,000 | 142,000 | 140,000 | 144,000 |
amortization of premium on investments | -413,000 | -536,000 | -689,000 | -626,000 | -402,000 | -962,000 | ||||||||||||||||
change in provision for inventories | 95,000 | 79,000 | ||||||||||||||||||||
change in provision for credit losses | -402,000 | 2,865,000 | ||||||||||||||||||||
loss on extinguishment of term loan | 0 | 0 | 0 | 7,685,000 | 0 | |||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||
accounts receivable | 3,409,000 | 1,768,000 | 2,900,000 | 574,000 | -1,467,000 | -1,920,000 | -139,000 | 544,000 | -3,497,000 | 2,470,000 | 1,355,000 | -2,695,000 | -6,224,000 | -5,585,000 | 2,115,000 | 2,263,000 | -1,299,000 | -6,299,000 | -2,892,000 | -4,300,000 | -5,646,000 | 631,000 |
inventories | -2,244,000 | 1,492,000 | 3,004,000 | 3,606,000 | 3,691,000 | 2,132,000 | 225,000 | -6,233,000 | -6,981,000 | -960,000 | -3,507,000 | 3,241,000 | 2,873,000 | 2,962,000 | -2,381,000 | -11,127,000 | -4,184,000 | -4,117,000 | -5,809,000 | -4,869,000 | -7,247,000 | -7,051,000 |
prepaid expenses and other assets | 932,000 | -1,300,000 | -108,000 | 809,000 | -341,000 | -1,064,000 | 652,000 | 1,596,000 | -400,000 | 299,000 | -756,000 | 627,000 | 569,000 | -1,943,000 | 658,000 | -67,000 | 137,000 | 1,142,000 | 148,000 | 1,551,000 | -981,000 | -848,000 |
accounts payable | 865,000 | -1,129,000 | 338,000 | 270,000 | -2,772,000 | -441,000 | -963,000 | -1,489,000 | 945,000 | 3,061,000 | 569,000 | 207,000 | 1,475,000 | -706,000 | -1,259,000 | -2,592,000 | 3,276,000 | -915,000 | 358,000 | -4,122,000 | 1,613,000 | 369,000 |
accrued compensation and related benefits | -1,980,000 | -120,000 | 1,066,000 | 1,547,000 | -8,579,000 | 2,102,000 | 3,288,000 | -2,817,000 | -4,462,000 | -2,540,000 | 4,083,000 | 3,042,000 | -7,100,000 | |||||||||
accrued expenses and other current liabilities | 2,166,000 | 2,735,000 | -1,826,000 | 980,000 | -370,000 | 1,159,000 | -2,632,000 | -2,328,000 | -1,367,000 | 1,487,000 | -388,000 | -1,383,000 | -2,337,000 | -665,000 | -5,890,000 | 4,140,000 | 4,226,000 | 2,393,000 | 1,988,000 | 1,344,000 | 164,000 | -338,000 |
accrued warranty liability | -22,000 | 11,000 | 123,000 | -690,000 | -8,000 | -218,000 | -43,000 | -1,001,000 | -512,000 | -356,000 | -100,000 | 598,000 | -51,000 | 165,000 | 12,000 | -184,000 | -76,000 | 470,000 | 161,000 | 213,000 | -53,000 | -345,000 |
deferred revenue | -1,194,000 | -1,375,000 | 980,000 | 603,000 | 396,000 | 754,000 | -395,000 | 213,000 | 1,197,000 | 901,000 | -16,000 | 1,789,000 | 341,000 | 846,000 | 10,000 | 930,000 | 375,000 | 1,331,000 | 433,000 | 812,000 | 305,000 | -927,000 |
operating lease liabilities | -413,000 | -587,000 | -460,000 | -437,000 | -429,000 | -420,000 | -407,000 | -387,000 | -379,000 | -385,000 | -322,000 | -327,000 | -313,000 | -306,000 | -296,000 | -277,000 | -271,000 | -265,000 | -257,000 | -191,000 | -169,000 | -164,000 |
accrued interest | 0 | 0 | 0 | -2,695,000 | 0 | |||||||||||||||||
net cash from operating activities | -12,844,000 | -9,521,000 | -6,320,000 | -4,823,000 | -25,663,000 | -16,488,000 | -20,568,000 | -33,335,000 | -45,912,000 | -24,442,000 | -33,999,000 | -28,176,000 | -44,756,000 | -34,507,000 | -34,312,000 | -38,575,000 | -38,335,000 | -32,676,000 | -28,131,000 | -30,841,000 | -38,616,000 | -25,840,000 |
capital expenditures | -65,000 | -223,000 | -160,000 | -292,000 | -123,000 | -43,000 | -395,000 | -120,000 | -354,000 | -1,053,000 | -782,000 | -795,000 | -810,000 | -2,109,000 | -2,741,000 | -1,997,000 | -1,478,000 | -851,000 | -491,000 | -847,000 | -919,000 | -2,662,000 |
free cash flows | -12,909,000 | -9,744,000 | -6,480,000 | -5,115,000 | -25,786,000 | -16,531,000 | -20,963,000 | -33,455,000 | -46,266,000 | -25,495,000 | -34,781,000 | -28,971,000 | -45,566,000 | -36,616,000 | -37,053,000 | -40,572,000 | -39,813,000 | -33,527,000 | -28,622,000 | -31,688,000 | -39,535,000 | -28,502,000 |
cash flows from investing activities: | ||||||||||||||||||||||
purchases of property and equipment | -65,000 | -223,000 | -160,000 | -292,000 | -123,000 | -43,000 | -395,000 | -120,000 | -354,000 | -1,053,000 | -782,000 | -795,000 | -810,000 | -2,109,000 | -2,741,000 | -1,997,000 | -1,478,000 | -851,000 | -491,000 | -847,000 | -919,000 | -2,662,000 |
purchases of investment securities | -22,895,000 | -28,221,000 | -40,095,000 | -57,322,000 | -96,331,000 | -6,117,000 | -22,022,000 | -29,793,000 | -98,652,000 | -51,022,000 | -23,413,000 | -29,702,000 | -68,147,000 | -92,539,000 | -35,600,000 | -68,303,000 | -64,712,000 | -30,300,000 | -25,731,000 | |||
sales and maturities of investment securities | 30,859,000 | 37,034,000 | 43,222,000 | 26,452,000 | 18,375,000 | 42,900,000 | 58,500,000 | 68,984,000 | 32,800,000 | 14,733,000 | 4,400,000 | |||||||||||
net cash from investing activities | 7,899,000 | 8,590,000 | 2,967,000 | -31,162,000 | -78,079,000 | 108,153,000 | 15,875,000 | 38,941,000 | -59,031,000 | 23,425,000 | 29,805,000 | 27,153,000 | 2,643,000 | -51,748,000 | 20,159,000 | -1,316,000 | -33,390,000 | -16,418,000 | -21,822,000 | -97,460,000 | -6,807,000 | 10,358,000 |
cash flows from financing activities: | ||||||||||||||||||||||
proceeds from espp purchases | 506,000 | |||||||||||||||||||||
payments on finance lease liabilities | -5,000 | |||||||||||||||||||||
repayment of term loan and extinguishment costs | 0 | 0 | 0 | -204,954,000 | 0 | |||||||||||||||||
proceeds from issuance of term loan, net of issuance costs | 0 | |||||||||||||||||||||
proceeds from issuance of series a convertible preferred stock, net of issuance costs | 0 | 0 | -384,000 | 161,932,000 | ||||||||||||||||||
net cash from financing activities | 501,000 | 0 | 231,000 | -384,000 | 55,656,000 | -938,000 | 121,000 | 77,000 | 68,610,000 | 33,229,000 | 4,103,000 | 1,043,000 | 5,277,000 | 65,600,000 | 2,533,000 | 1,042,000 | 3,723,000 | 934,000 | 6,187,000 | 150,808,000 | 2,218,000 | -873,000 |
net decrease in cash, cash equivalents and restricted cash | -4,444,000 | -3,122,000 | -36,369,000 | -48,086,000 | -4,572,000 | 5,683,000 | -36,333,000 | 32,212,000 | -91,000 | 20,000 | -36,836,000 | -11,620,000 | -38,849,000 | -68,002,000 | ||||||||
cash, cash equivalents and restricted cash as of beginning of period | 38,835,000 | 0 | 0 | 0 | 127,343,000 | 0 | 0 | 0 | 71,838,000 | 0 | 0 | 0 | 76,533,000 | 0 | 0 | 0 | 215,659,000 | 0 | 0 | 0 | 328,283,000 | 0 |
cash, cash equivalents and restricted cash as of end of period | 34,391,000 | -931,000 | -3,122,000 | -36,369,000 | 79,257,000 | 90,727,000 | -4,572,000 | 5,683,000 | 35,505,000 | 32,212,000 | -91,000 | 20,000 | 39,697,000 | -20,655,000 | -11,620,000 | -38,849,000 | 147,657,000 | -48,160,000 | -43,766,000 | 22,507,000 | 285,078,000 | -16,355,000 |
summary of cash, cash equivalents and restricted cash reported within the balance sheets: | ||||||||||||||||||||||
cash and cash equivalents | 30,562,000 | -1,431,000 | -3,122,000 | -36,369,000 | 75,928,000 | |||||||||||||||||
restricted cash | 3,829,000 | 500,000 | 0 | 0 | 3,329,000 | |||||||||||||||||
total cash, cash equivalents and restricted cash | 34,391,000 | -931,000 | -3,122,000 | -36,369,000 | 79,257,000 | |||||||||||||||||
loss on disposal of property and equipment | 0 | 3,000 | 19,000 | 11,000 | 230,000 | |||||||||||||||||
proceeds from stock option exercises and espp purchases | 0 | 231,000 | 0 | 408,000 | 0 | 121,000 | 77,000 | 2,086,000 | ||||||||||||||
proceeds from issuance of term loans, net of issuance costs | 0 | 0 | 0 | 98,270,000 | 0 | 0 | 0 | 66,524,000 | ||||||||||||||
payment of deferred financing costs | ||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -48,160,000 | -43,766,000 | 22,507,000 | -43,205,000 | -16,355,000 | |||||||||||||||||
provision for inventories | -86,000 | -74,000 | -83,000 | -62,000 | 256,000 | 450,000 | 61,000 | -196,000 | -2,000 | 870,000 | 993,000 | 809,000 | 312,000 | 496,000 | 257,000 | 441,000 | 210,000 | 115,000 | 91,000 | |||
provision for credit losses | ||||||||||||||||||||||
allowance for credit losses | 197,000 | 561,000 | 0 | |||||||||||||||||||
supplemental cash flow disclosures: | ||||||||||||||||||||||
cash paid for income taxes | 108,000 | 121,000 | 116,000 | 100,000 | 256,000 | 88,000 | 92,000 | 110,000 | 201,000 | 51,000 | 51,000 | 78,000 | 205,000 | 11,000 | 30,000 | |||||||
cash paid for interest | 7,364,000 | 5,148,000 | 5,435,000 | 5,178,000 | 4,924,000 | 9,011,000 | -3,295,000 | 2,652,000 | 2,479,000 | 2,141,000 | 423,000 | 339,000 | 282,000 | 288,000 | 709,000 | -133,000 | 282,000 | 1,089,000 | ||||
cash paid for amounts included in the measurement of operating lease liabilities | 429,000 | 420,000 | 407,000 | 387,000 | 379,000 | 385,000 | 322,000 | 327,000 | 313,000 | 306,000 | 296,000 | 277,000 | 271,000 | 265,000 | 257,000 | 191,000 | 169,000 | |||||
accretion (amortization) of discount (premium) on investments | -1,577,000 | -1,270,000 | -1,746,000 | -1,803,000 | -1,550,000 | |||||||||||||||||
maturities of investment securities | 38,292,000 | 68,854,000 | 39,975,000 | 75,500,000 | 54,000,000 | 57,650,000 | 71,600,000 | |||||||||||||||
supplemental non-cash investing and financing activities: | ||||||||||||||||||||||
capital expenditures included in accounts payable and accrued expenses | -107,000 | 78,000 | 37,000 | -9,000 | 161,000 | 55,000 | -1,057,000 | 706,000 | 907,000 | 238,000 | ||||||||||||
transfer of inventories to property and equipment | 0 | 55,000 | 93,000 | |||||||||||||||||||
right-of-use assets obtained in exchange for operating lease liabilities | -14,000 | |||||||||||||||||||||
other non-cash items | -1,000 | 43,000 | 67,000 | 198,000 | -18,000 | 50,000 | -3,000 | 26,000 | 3,000 | |||||||||||||
proceeds from issuance of common stock upon the follow-on public offering, net of issuance costs | ||||||||||||||||||||||
proceeds from stock option exercises and employee stock purchase plan purchases | 4,103,000 | 1,043,000 | 5,277,000 | 609,000 | 2,668,000 | 1,042,000 | 3,723,000 | 934,000 | 6,187,000 | 1,723,000 | 2,218,000 | |||||||||||
accretion of discount on investments | -632,000 | 46,000 | 368,000 | 667,000 | 738,000 | 375,000 | 60,000 | |||||||||||||||
accrued payroll and related benefits | 2,247,000 | 3,478,000 | 2,317,000 | -11,470,000 | 7,190,000 | 2,451,000 | 2,706,000 | -4,244,000 | 5,995,000 | |||||||||||||
proceeds from issuance of common stock upon initial and follow-on public offerings, net of issuance costs | 0 | |||||||||||||||||||||
proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | 0 | |||||||||||||||||||||
proceeds from cash exercise of redeemable convertible preferred stock warrants | 0 | |||||||||||||||||||||
proceeds from issuance of common stock upon follow-on public offerings, net of issuance costs | ||||||||||||||||||||||
transfer of property and equipment to inventories | ||||||||||||||||||||||
provision for accounts receivable | 0 | 0 | 0 | 5,000 | -17,000 | |||||||||||||||||
change in fair value of redeemable convertible preferred stock warrant liability | 0 | |||||||||||||||||||||
repayment of finance lease | -1,000 | |||||||||||||||||||||
proceeds from exercise of common stock warrant | ||||||||||||||||||||||
payment of redeemable convertible preferred stock issuance costs | ||||||||||||||||||||||
proceeds from issuance of common stock upon follow-on public offering, net of issuance costs | ||||||||||||||||||||||
payment of deferred offering costs | ||||||||||||||||||||||
purchases of short-term investments | -25,788,000 | 0 | ||||||||||||||||||||
sales and maturities of short-term investments | 19,900,000 | 12,989,000 | ||||||||||||||||||||
deemed dividend on settlement of accrued dividend | ||||||||||||||||||||||
adjustment to redemption value on redeemable convertible preferred stock | ||||||||||||||||||||||
issuance of common stock on settlement of accrued dividend | ||||||||||||||||||||||
amortization of premium (discount) on investments | -10,000 | |||||||||||||||||||||
proceed from sales of property and equipment | ||||||||||||||||||||||
proceeds from issuance of common stock upon initial public offering, net of issuance costs paid | -923,000 | |||||||||||||||||||||
proceeds from stock option exercises | 51,000 | |||||||||||||||||||||
stock-based compensation |
