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OmniAb Inc Financials

OABIW
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows OmniAb Inc (OABIW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI OABIW FY2025

OABIW is being financed as a development-stage business, with research spending structurally larger than sales and operations not yet self-funding.

From FY2022 to FY2025, revenue fell from $59.1M to $18.7M, but R&D still exceeded sales in each of the last three years, showing management kept funding the development engine even as commercial output shrank. In FY2025, operating cash burn of $36.5M was nearly the same as free cash burn of $37.0M, which means cash use came mainly from day-to-day operations rather than from a capex surge.

The balance sheet is lightly burdened by liabilities, with just $33.9M against $267.0M of equity, so this is not a debt-driven setup. But cash of $25.5M sits below one year of recent burn, which helps explain why FY2025 still relied on $27.9M of financing inflow to bridge operations.

The expense mix is research-heavy rather than production-heavy: FY2025 R&D was $47.8M versus SG&A of $29.2M, while sales were far smaller. Because capex was only $565K, cash preservation depends more on narrowing operating losses than on cutting investment in physical assets.

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Financial Health Signals

Financial health score pending refresh

We are recalculating OmniAb Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
1/7

OmniAb Inc passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
0.56x

For every $1 of reported earnings, OmniAb Inc generates $0.56 in operating cash flow (-$36.5M OCF vs -$64.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$18.7M
YoY-29.3%

OmniAb Inc generated $18.7M in revenue in fiscal year 2025. This represents a decrease of 29.3% from the prior year.

EBITDA
-$47.2M
YoY+7.3%

OmniAb Inc's EBITDA was -$47.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.3% from the prior year.

Net Income
-$64.8M
YoY-4.4%

OmniAb Inc reported -$64.8M in net income in fiscal year 2025. This represents a decrease of 4.4% from the prior year.

EPS (Diluted)
$-0.57
YoY+6.6%

OmniAb Inc earned $-0.57 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$37.0M
YoY+10.9%

OmniAb Inc generated -$37.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 10.9% from the prior year.

Cash & Debt
$25.5M
YoY-7.5%

OmniAb Inc held $25.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
144M
YoY+18.7%

OmniAb Inc had 144M shares outstanding in fiscal year 2025. This represents an increase of 18.7% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
-369.5%
YoY-87.2pp

OmniAb Inc's operating margin was -369.5% in fiscal year 2025, reflecting core business profitability. This is down 87.2 percentage points from the prior year.

Net Margin
-347.0%
YoY-112.0pp

OmniAb Inc's net profit margin was -347.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 112.0 percentage points from the prior year.

Return on Equity
-24.3%
YoY-2.7pp

OmniAb Inc's ROE was -24.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.7 percentage points from the prior year.

Capital Allocation

R&D Spending
$47.8M
YoY-13.3%

OmniAb Inc invested $47.8M in research and development in fiscal year 2025. This represents a decrease of 13.3% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$565K
YoY-69.9%

OmniAb Inc invested $565K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 69.9% from the prior year.

OABIW Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $14.4M+72.2% $8.4M+274.1% $2.2M-42.5% $3.9M-6.2% $4.2M-61.6% $10.8M+159.0% $4.2M-45.2% $7.6M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses $9.6M-30.7% $13.9M+34.0% $10.4M-4.5% $10.9M-13.8% $12.6M-5.3% $13.3M-0.1% $13.3M-4.4% $13.9M
SG&A Expenses $6.6M-3.2% $6.8M+0.9% $6.8M-11.8% $7.7M-2.9% $7.9M+7.5% $7.4M+4.0% $7.1M-11.1% $8.0M
Operating Income -$7.8M+50.3% -$15.8M+13.1% -$18.1M-11.8% -$16.2M+13.9% -$18.8M-18.7% -$15.9M+19.7% -$19.8M-21.2% -$16.3M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $442K+220.4% -$367K+68.4% -$1.2M-1075.6% $119K+212.3% -$106K+95.1% -$2.2M+20.4% -$2.7M-42.7% -$1.9M
Net Income -$7.7M+45.6% -$14.2M+14.2% -$16.5M-4.1% -$15.9M+12.8% -$18.2M-39.3% -$13.1M+20.2% -$16.4M-20.1% -$13.6M
EPS (Diluted) $-0.06 N/A $-0.14+6.7% $-0.15+11.8% $-0.17 N/A $-0.16-23.1% $-0.13

OABIW Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $293.6M-2.4% $300.9M-2.8% $309.7M+4.7% $295.7M-3.4% $306.2M-6.0% $325.6M-1.8% $331.6M-1.7% $337.3M
Current Assets $65.1M-0.3% $65.3M-1.5% $66.3M+39.3% $47.6M-11.1% $53.6M-21.4% $68.1M+2.3% $66.6M-1.0% $67.3M
Cash & Equivalents $29.0M+13.8% $25.5M-10.6% $28.5M+56.1% $18.3M+67.8% $10.9M-60.5% $27.6M+1.3% $27.2M+31.0% $20.8M
Inventory $920K+11.8% $823K+85.8% $443K+40.2% $316K N/A $48K N/A N/A
Accounts Receivable $12.6M+71.0% $7.4M+138.8% $3.1M+14.4% $2.7M-58.2% $6.5M+22.9% $5.3M+50.8% $3.5M-49.2% $6.9M
Goodwill $84.0M0.0% $84.0M0.0% $84.0M0.0% $84.0M0.0% $84.0M0.0% $84.0M0.0% $84.0M0.0% $84.0M
Total Liabilities $31.0M-8.5% $33.9M+5.1% $32.2M-4.1% $33.6M+2.9% $32.7M-13.9% $37.9M-4.7% $39.8M-7.6% $43.1M
Current Liabilities $13.6M-16.5% $16.3M+22.4% $13.3M+5.1% $12.6M+10.8% $11.4M-24.4% $15.1M+4.8% $14.4M+1.8% $14.2M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $262.6M-1.6% $267.0M-3.8% $277.4M+5.9% $262.1M-4.2% $273.5M-4.9% $287.6M-1.4% $291.7M-0.8% $294.2M
Retained Earnings -$173.9M-4.6% -$166.2M-9.3% -$152.0M-12.2% -$135.5M-13.3% -$119.6M-17.9% -$101.4M-14.8% -$88.3M-22.8% -$72.0M

OABIW Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$4.9M+13.4% -$5.7M+41.9% -$9.8M-89.7% -$5.1M+67.6% -$15.9M-309.9% -$3.9M+41.1% -$6.6M+46.0% -$12.2M
Capital Expenditures $167K+1755.6% $9K-95.1% $182K+10.3% $165K-21.1% $209K+354.3% $46K-69.7% $152K-79.8% $751K
Free Cash Flow -$5.1M+10.6% -$5.7M+42.9% -$9.9M-87.3% -$5.3M+67.0% -$16.1M-310.4% -$3.9M+41.8% -$6.7M+48.0% -$12.9M
Investing Cash Flow $8.4M+211.2% $2.7M+135.4% -$7.7M-162.3% $12.3M+1500.8% -$878K-328.1% $385K-91.3% $4.4M-66.1% $13.1M
Financing Cash Flow $0+100.0% -$50K-100.2% $27.7M+11630.5% $236K+436.4% $44K-98.9% $3.8M-55.1% $8.6M+967.4% $803K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

OABIW Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin -54.3%+134.0pp -188.2%+622.0pp -810.2%-394.0pp -416.2%+37.5pp -453.6%-306.7pp -147.0%+326.8pp -473.7%-259.6pp -214.1%
Net Margin -53.4%+115.9pp -169.3%+568.8pp -738.0%-330.7pp -407.4%+30.8pp -438.1%-317.2pp -121.0%+271.5pp -392.4%-213.4pp -179.0%
Return on Equity -2.9%+2.4pp -5.3%+0.7pp -6.0%+0.1pp -6.1%+0.6pp -6.7%-2.1pp -4.5%+1.1pp -5.6%-1.0pp -4.6%
Return on Assets -2.6%+2.1pp -4.7%+0.6pp -5.3%+0.0pp -5.4%+0.6pp -5.9%-1.9pp -4.0%+0.9pp -4.9%-0.9pp -4.0%
Current Ratio 4.80+0.8 4.02-1.0 5.00+1.2 3.77-0.9 4.70+0.2 4.52-0.1 4.63-0.1 4.75
Debt-to-Equity 0.120.0 0.13+0.0 0.12-0.0 0.130.0 0.12-0.0 0.130.0 0.140.0 0.15
FCF Margin -35.2%+32.6pp -67.8%+376.3pp -444.2%-307.9pp -136.3%+250.8pp -387.1%-350.9pp -36.3%+125.0pp -161.3%+8.6pp -169.9%

Frequently Asked Questions

OmniAb Inc (OABIW) reported $18.7M in total revenue for fiscal year 2025. This represents a -29.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

OmniAb Inc (OABIW) revenue declined by 29.3% year-over-year, from $26.4M to $18.7M in fiscal year 2025.

No, OmniAb Inc (OABIW) reported a net income of -$64.8M in fiscal year 2025, with a net profit margin of -347.0%.

OmniAb Inc (OABIW) reported diluted earnings per share of $-0.57 for fiscal year 2025. This represents a 6.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

OmniAb Inc (OABIW) had EBITDA of -$47.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

OmniAb Inc (OABIW) had an operating margin of -369.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

OmniAb Inc (OABIW) had a net profit margin of -347.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

OmniAb Inc (OABIW) has a return on equity of -24.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

OmniAb Inc (OABIW) generated -$37.0M in free cash flow during fiscal year 2025. This represents a 10.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

OmniAb Inc (OABIW) generated -$36.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

OmniAb Inc (OABIW) had $300.9M in total assets as of fiscal year 2025, including both current and long-term assets.

OmniAb Inc (OABIW) invested $565K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

OmniAb Inc (OABIW) invested $47.8M in research and development during fiscal year 2025.

OmniAb Inc (OABIW) had 144M shares outstanding as of fiscal year 2025.

OmniAb Inc (OABIW) had a current ratio of 4.02 as of fiscal year 2025, which is generally considered healthy.

OmniAb Inc (OABIW) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

OmniAb Inc (OABIW) had a return on assets of -21.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, OmniAb Inc (OABIW) had $25.5M in cash against an annual operating cash burn of $36.5M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

OmniAb Inc (OABIW) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

OmniAb Inc (OABIW) has an earnings quality ratio of 0.56x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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