Originclear Financials
Originclear (OCLN) reported $6.8M in revenue for fiscal year 2025, up 54.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
OriginClear’s financing-dependent operating model produced higher 2025 revenue but continued cash outflows and a deeply strained balance sheet.
Revenue rose55.0% in 2025, but gross margin fell to23.8% , indicating growth came with weaker unit economics. Operating cash flow of-$3.6M remained close to the-$3.3M operating loss, showing the accounting improvement had not yet produced internally funded operations.
Cash was only
Total liabilities were
Financial Health Signals
Originclear does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Originclear scores -42.41, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($13.0M) relative to total liabilities ($34.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Originclear passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Originclear reported a net loss of $18.3M while operations used $3.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Originclear reported an operating loss of $3.3M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Originclear generated $6.8M in revenue in fiscal year 2025. This represents an increase of 54.7% from the prior year.
Originclear's EBITDA was -$3.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.0% from the prior year.
Originclear reported -$18.3M in net income in fiscal year 2025. This represents a decrease of 0.8% from the prior year.
Cash & Balance Sheet
Originclear held $828K in cash against $2.6M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Originclear's gross margin was 23.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 10.4 percentage points from the prior year.
Originclear's operating margin was -48.8% in fiscal year 2025, reflecting core business profitability. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
OCLN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M | $6.8M+54.7% | $4.4M-34.3% | $6.7M-35.4% | $10.4M+150.4% | $4.1M+1.0% | $4.1M+14.3% | $3.6M-22.6% | $4.6M+38.2% | $3.4M-33.8% | $5.1M+431.3% | $954K+474.3% | $166K+18.3% | $141K-76.1% | $588K+226.8% | $180K |
| Cost of Revenue | $5.2M | $5.2M+79.0% | $2.9M-52.3% | $6.1M-31.5% | $8.9M+148.5% | $3.6M+2.4% | $3.5M+8.5% | $3.2M-7.7% | $3.5M+28.8% | $2.7M-24.6% | $3.6M+326.3% | $842K+687.4% | $107K+111.7% | $51K-87.4% | $402K+603.4% | $57K |
| Gross Profit | $1.7M | $1.6M+7.7% | $1.5M+140.2% | $626K-58.1% | $1.5M+162.5% | $570K-6.9% | $612K+65.0% | $371K-67.9% | $1.2M+77.5% | $650K-56.1% | $1.5M+1216.5% | $113K+89.9% | $59K-34.1% | $90K-51.8% | $187K+51.8% | $123K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | $110K+2.8% | $107K-63.1% | $291K+47.4% | $197K-60.7% | $502K-38.3% | $814K-36.6% | $1.3M+19.8% | $1.1M+9.4% | $980K-14.5% | $1.1M |
| SG&A Expenses | $3.1M | $3.6M-27.6% | $5.0M+6.2% | $4.7M+5.0% | $4.5M+23.4% | $3.6M+0.3% | $3.6M+40.9% | $2.6M-16.1% | $3.0M+21.4% | $2.5M-6.2% | $2.7M-36.3% | $4.2M | N/A | N/A | $4.9M+17.3% | $4.2M |
| Operating Income | -$2.9M | -$3.3M+46.4% | -$6.2M+6.4% | -$6.6M-0.6% | -$6.6M-8.9% | -$6.0M-28.3% | -$4.7M-20.5% | -$3.9M+3.8% | -$4.1M+23.3% | -$5.3M-47.5% | -$3.6M+48.5% | -$7.0M | N/A | N/A | -$5.7M | N/A |
| Interest Expense | $658K | $1.3M+791.3% | $150K-92.4% | $2.0M+108.7% | $948K-22.8% | $1.2M-3.2% | $1.3M+72.6% | $735K-55.3% | $1.6M+126.5% | $726K-13.6% | $841K-48.1% | $1.6M | N/A | $1.9M-23.1% | $2.4M+189.7% | $844K |
| Net Income | N/A | -$18.3M-0.8% | -$18.2M-56.4% | -$11.6M-7.7% | -$10.8M-409.5% | -$2.1M-116.0% | $13.3M | N/A | -$11.3M-116.9% | -$5.2M-26.2% | -$4.1M+64.3% | -$11.6M | N/A | N/A | N/A | N/A |
| EPS (Diluted) | — | $0.00 | -$0.01 | -$0.01 | -$0.02 | -$0.02 | $0.04 | -$12.66 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Income Tax.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
OCLN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.7M+15.1% | $5.0M+58.8% | $3.1M-50.5% | $6.3M+51.2% | $4.2M+215.7% | $1.3M-0.9% | $1.3M-1.3% | $1.4M+0.2% | $1.4M-23.9% | $1.8M-34.6% | $2.7M+488.5% | $463K-54.0% | $1.0M-12.7% | $1.2M+11.3% | $1.0M |
| Current Assets | $5.2M+19.5% | $4.3M+74.0% | $2.5M-53.6% | $5.4M+55.5% | $3.5M+225.6% | $1.1M-12.2% | $1.2M+2.8% | $1.2M-0.3% | $1.2M+29.5% | $910K-54.6% | $2.0M+503.7% | $332K-62.1% | $877K+19.9% | $731K-4.3% | $764K |
| Cash & Equivalents | $828K+122.9% | $372K-24.0% | $489K-63.9% | $1.4M+91.8% | $706K+69.8% | $416K-15.2% | $491K-19.5% | $609K+38.5% | $440K+25.2% | $351K-49.5% | $695K+250.5% | $198K-75.8% | $821K+61.9% | $507K+156.4% | $198K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $14K+0.9% | $14K | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.9M | N/A | $1.5M-39.1% | $2.5M+15.3% | $2.2M+390.6% | $438K-16.2% | $523K+69.1% | $309K-37.0% | $490K+28.1% | $383K-64.1% | $1.1M | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $682K+39.9% | $487K | N/A | N/A | N/A | N/A |
| Total Liabilities | $34.1M-43.0% | $59.8M+41.1% | $42.4M+31.0% | $32.4M+22.0% | $26.5M-14.4% | $31.0M-29.1% | $43.7M+143.0% | $18.0M+60.7% | $11.2M-17.6% | $13.6M-12.2% | $15.5M+102.0% | $7.7M+204.3% | $2.5M+48.8% | $1.7M-7.7% | $1.8M |
| Current Liabilities | $24.2M-51.3% | $49.8M+43.3% | $34.7M+77.1% | $19.6M+20.5% | $16.3M-28.5% | $22.8M-42.8% | $39.8M+183.1% | $14.1M+68.0% | $8.4M-30.0% | $12.0M-22.7% | $15.5M+102.0% | $7.7M+217.6% | $2.4M+42.6% | $1.7M | N/A |
| Long-Term Debt | $2.6M+29.6% | $2.0M | N/A | N/A | N/A | $3.1M-9.1% | $3.4M+4477.8% | $75K+1526.8% | $5K | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$28.4M+48.3% | -$54.9M-39.7% | -$39.3M-50.9% | -$26.0M-16.6% | -$22.3M+24.7% | -$29.6M+30.0% | -$42.4M-154.8% | -$16.6M-69.1% | -$9.8M+16.7% | -$11.8M+7.5% | -$12.8M-77.1% | -$7.2M-375.8% | -$1.5M-179.8% | -$541K+32.2% | -$798K |
| Retained Earnings | -$155.7M-13.3% | -$137.4M-15.2% | -$119.2M-9.4% | -$109.0M-11.0% | -$98.2M-4.4% | -$94.0M+12.4% | -$107.3M-34.4% | -$79.8M-16.6% | -$68.5M-8.3% | -$63.2M-7.0% | -$59.1M-24.5% | -$47.5M | N/A | N/A | N/A |
OCLN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9M | -$3.6M+4.2% | -$3.7M+32.1% | -$5.5M-18.6% | -$4.6M+4.0% | -$4.8M-21.8% | -$4.0M-23.4% | -$3.2M+6.7% | -$3.5M-95.5% | -$1.8M-10.4% | -$1.6M+46.9% | -$3.0M | N/A | -$4.5M-44.7% | -$3.1M+16.8% | -$3.7M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6K-63.8% | $17K-58.5% | $41K+307.3% | $10K-91.1% | $114K+698.9% | $14K-69.0% | $46K+2639.0% | $2K-94.8% | $32K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$3.2M+7.0% | -$3.5M-92.0% | -$1.8M-12.3% | -$1.6M+48.5% | -$3.1M | N/A | -$4.5M-46.1% | -$3.1M+17.5% | -$3.8M |
| Investing Cash Flow | -$28K | -$35K+98.5% | -$2.3M+38.9% | -$3.7M-223.3% | -$1.2M-6338.4% | -$18K-29.6% | -$14K-124.4% | -$6K+96.8% | -$195K-372.8% | -$41K-307.3% | -$10K | N/A | N/A | N/A | N/A | -$148K |
| Financing Cash Flow | $3.5M | $4.1M-31.1% | $5.9M-29.5% | $8.4M+30.0% | $6.5M+25.3% | $5.2M+31.6% | $3.9M+25.9% | $3.1M-18.5% | $3.8M+101.4% | $1.9M+49.8% | $1.3M | N/A | N/A | N/A | N/A | $3.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$25K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
OCLN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.8%-10.4pp | 34.1%+24.8pp | 9.3%-5.1pp | 14.4%+0.7pp | 13.8%-1.2pp | 14.9%+4.6pp | 10.3%-14.5pp | 24.9%+5.5pp | 19.4%-9.8pp | 29.2%+17.4pp | 11.8%-23.9pp | 35.7%-28.4pp | 64.0%+32.3pp | 31.7%-36.6pp | 68.3% |
| Operating Margin | -48.8% | -140.6% | -98.7%-35.3pp | -63.4% | -145.9% | -114.9% | -108.9% | -87.6% | -157.8% | -70.8% | -729.9% | N/A | N/A | -977.5% | N/A |
| Net Margin | -268.7% | -412.4% | -173.3% | -104.0% | -51.1% | 323.4% | N/A | -244.7% | -155.9% | -81.8% | -1216.9% | N/A | N/A | N/A | N/A |
| Return on Assets | -318.8%+45.5pp | -364.2%+5.7pp | -369.9%-199.9pp | -169.9%-119.5pp | -50.4%-1047.1pp | 996.7% | N/A | -834.5%-448.8pp | -385.7%-153.0pp | -232.7%+193.9pp | -426.6% | N/A | N/A | N/A | N/A |
| Current Ratio | 0.21+0.1x | 0.090.0x | 0.07-0.2x | 0.27+0.1x | 0.21+0.2x | 0.050.0x | 0.03-0.1x | 0.08-0.1x | 0.14+0.1x | 0.08-0.1x | 0.13+0.1x | 0.04-0.3x | 0.36-0.1x | 0.43 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -90.0%-15.1pp | -74.8%-21.0pp | -53.8%-22.1pp | -31.7% | -327.3% | N/A | -3227.2% | -527.8% | -2089.1% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$28.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.21), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Originclear Ranks
Frequently Asked Questions
What is Originclear's annual revenue?
Originclear (OCLN) reported $6.8M in total revenue for fiscal year 2025. This represents a 54.7% 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.
How fast is Originclear's revenue growing?
Originclear (OCLN) revenue grew by 54.7% year-over-year, from $4.4M to $6.8M in fiscal year 2025.
Is Originclear profitable?
No, Originclear (OCLN) reported a net income of -$18.3M in fiscal year 2025.
What is Originclear's EBITDA?
Originclear (OCLN) had EBITDA of -$3.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Originclear have?
As of fiscal year 2025, Originclear (OCLN) had $828K in cash and equivalents against $2.6M in long-term debt.
What is Originclear's gross margin?
Originclear (OCLN) had a gross margin of 23.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Originclear's operating margin?
Originclear (OCLN) had an operating margin of -48.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Originclear's operating cash flow?
Originclear (OCLN) recorded an outflow of $3.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Originclear's total assets?
Originclear (OCLN) had $5.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Originclear's current ratio?
Originclear (OCLN) had a current ratio of 0.21 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Originclear's return on assets (ROA)?
Originclear (OCLN) had a return on assets of -318.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Originclear's cash runway?
Based on fiscal year 2025 data, Originclear (OCLN) had $828K in cash against an annual operating cash burn of $3.6M. This gives an estimated cash runway of approximately 3 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.
Why is Originclear's debt-to-equity ratio negative or not reported?
Originclear (OCLN) has negative shareholder equity of -$28.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Originclear's Altman Z-Score?
Originclear (OCLN) has an Altman Z-Score of -42.41, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Originclear's Piotroski F-Score?
Originclear (OCLN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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.
Are Originclear's earnings high quality?
Originclear (OCLN) reported a net loss of $18.3M while operations used $3.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can Originclear cover its interest payments?
Originclear (OCLN) reported an operating loss of $3.3M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.