Origin Materials Inc Financials
This page shows Origin Materials Inc (ORGN) 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Origin Materials Inc has an operating margin of -271.3%, meaning the company retains $-271 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -190.5% the prior year.
Origin Materials Inc's revenue grew 8.6% year-over-year to $31.3M, a solid pace of expansion. This earns a growth score of 53/100.
Origin Materials Inc carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 11.09, Origin Materials Inc holds $11.09 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Origin Materials Inc generated -$50.8M in operating cash flow, capex of $9.0M consumed most of it, leaving -$59.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Origin Materials Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Origin Materials Inc generates $0.61 in operating cash flow (-$50.8M OCF vs -$83.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Origin Materials Inc earns $-228.7 in operating income for every $1 of interest expense (-$84.9M vs $371K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Origin Materials Inc generated $31.3M in revenue in fiscal year 2024. This represents an increase of 8.6% from the prior year.
Origin Materials Inc's EBITDA was -$74.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 43.9% from the prior year.
Origin Materials Inc generated -$59.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 63.2% from the prior year.
Origin Materials Inc reported -$83.7M in net income in fiscal year 2024. This represents a decrease of 451.7% from the prior year.
Origin Materials Inc earned $-0.58 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 441.2% from the prior year.
Origin Materials Inc held $56.3M in cash against $0 in long-term debt as of fiscal year 2024.
Origin Materials Inc had 149M shares outstanding in fiscal year 2024. This represents an increase of 2.0% from the prior year.
Origin Materials Inc's operating margin was -271.3% in fiscal year 2024, reflecting core business profitability. This is down 80.8 percentage points from the prior year.
Origin Materials Inc's net profit margin was -267.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 350.2 percentage points from the prior year.
Origin Materials Inc invested $18.6M in research and development in fiscal year 2024. This represents a decrease of 13.1% from the prior year.
Origin Materials Inc invested $9.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 91.2% from the prior year.
ORGN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7M-19.9% | $5.8M+7.1% | $5.4M-41.1% | $9.2M+12.4% | $8.2M+16.6% | $7.0M+3.0% | $6.8M-47.8% | $13.1M |
| 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 | $3.3M+1.5% | $3.3M-0.7% | $3.3M+2.6% | $3.2M-37.3% | $5.1M+16.7% | $4.4M-24.5% | $5.8M-2.3% | $6.0M |
| SG&A Expenses | $10.7M+17.9% | $9.1M-10.1% | $10.1M-0.4% | $10.2M+8.6% | $9.3M-17.0% | $11.3M+12.5% | $10.0M-12.8% | $11.5M |
| Operating Income | -$16.9M-13.1% | -$15.0M+54.1% | -$32.6M-101.3% | -$16.2M+50.0% | -$32.4M-77.5% | -$18.3M-1.4% | -$18.0M-11.2% | -$16.2M |
| Interest Expense | $27K-12.9% | $31K-35.4% | $48K-17.2% | $58K-32.6% | $86K-21.8% | $110K-6.0% | $117K-9.3% | $129K |
| Income Tax | $78K-35.0% | $120K+103.4% | $59K-77.8% | $266K+15.2% | $231K+327.8% | $54K-54.2% | $118K+109.0% | -$1.3M |
| Net Income | -$16.4M-28.5% | -$12.7M+51.8% | -$26.4M-95.5% | -$13.5M+63.2% | -$36.8M-88.5% | -$19.5M-40.1% | -$13.9M-33.3% | -$10.4M |
| EPS (Diluted) | $-0.11-22.2% | $-0.09+50.0% | $-0.18 | N/A | $-0.26-85.7% | $-0.14-40.0% | $-0.10 | N/A |
ORGN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $327.3M-6.0% | $348.4M-0.2% | $349.0M-7.7% | $378.0M-5.4% | $399.6M-7.3% | $431.0M-3.9% | $448.6M-2.9% | $461.8M |
| Current Assets | $84.1M-17.2% | $101.6M-15.0% | $119.5M-14.1% | $139.2M-1.6% | $141.4M-12.4% | $161.4M-8.7% | $176.7M-5.6% | $187.1M |
| Cash & Equivalents | $34.1M-3.5% | $35.3M-19.5% | $43.8M-22.1% | $56.3M-0.2% | $56.4M+1.3% | $55.7M-26.5% | $75.8M+0.4% | $75.5M |
| Inventory | $635K-7.6% | $687K-20.7% | $866K0.0% | $866K-12.5% | $990K-6.3% | $1.1M+15.5% | $915K+0.3% | $912K |
| Accounts Receivable | $15.5M-13.2% | $17.9M-6.4% | $19.1M-0.3% | $19.2M+7.0% | $17.9M+15.9% | $15.5M-6.8% | $16.6M+2.9% | $16.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $32.4M-13.1% | $37.3M+8.4% | $34.4M-13.3% | $39.7M-2.5% | $40.7M+0.9% | $40.3M-0.3% | $40.5M+2.9% | $39.3M |
| Current Liabilities | $13.3M-16.6% | $15.9M+26.8% | $12.6M+0.2% | $12.5M+44.4% | $8.7M-26.9% | $11.9M-15.2% | $14.0M+9.0% | $12.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $295.0M-5.2% | $311.1M-1.1% | $314.6M-7.0% | $338.4M-5.7% | $358.9M-8.1% | $390.6M-4.3% | $408.2M-3.4% | $422.5M |
| Retained Earnings | -$93.7M-21.2% | -$77.3M-19.7% | -$64.6M-69.3% | -$38.1M-55.0% | -$24.6M-302.4% | $12.2M-61.6% | $31.7M-30.5% | $45.6M |
ORGN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.1M-11.6% | -$7.3M+13.6% | -$8.4M-47.9% | -$5.7M+57.5% | -$13.4M+10.3% | -$15.0M+10.6% | -$16.7M-20.3% | -$13.9M |
| Capital Expenditures | $5.4M-38.2% | $8.7M+24.6% | $7.0M+82.3% | $3.8M+50.9% | $2.5M+299.7% | $636K-67.2% | $1.9M-83.9% | $12.1M |
| Free Cash Flow | -$13.5M+15.5% | -$16.0M-3.7% | -$15.4M-61.7% | -$9.5M+40.2% | -$16.0M-2.4% | -$15.6M+16.5% | -$18.7M+28.1% | -$26.0M |
| Investing Cash Flow | $8.5M+809.0% | -$1.2M-323.1% | $540K-94.1% | $9.1M-47.2% | $17.3M+342.0% | -$7.1M-176.4% | $9.3M-57.1% | $21.8M |
| Financing Cash Flow | -$1.5M-2791.2% | $57K+101.3% | -$4.5M-64985.7% | $7K+100.2% | -$3.3M-2161.4% | $158K-97.6% | $6.6M+664700.0% | $1K |
| 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 |
ORGN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -363.6%-106.2pp | -257.5%+343.3pp | -600.8%-425.1pp | -175.7%+219.4pp | -395.1%-135.5pp | -259.6%+4.1pp | -263.7%-139.8pp | -123.9% |
| Net Margin | -351.8%-132.5pp | -219.3%+267.7pp | -486.9%-340.3pp | -146.6%+301.6pp | -448.2%-171.0pp | -277.3%-73.4pp | -203.8%-123.9pp | -79.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -5.0%-1.3pp | -3.7%+3.9pp | -7.6%-4.0pp | -3.6%+5.6pp | -9.2%-4.7pp | -4.5%-1.4pp | -3.1%-0.8pp | -2.3% |
| Current Ratio | 6.33-0.0 | 6.37-3.1 | 9.51-1.6 | 11.09-5.2 | 16.27+2.7 | 13.57+1.0 | 12.61-1.9 | 14.55 |
| Debt-to-Equity | 0.110.0 | 0.12+0.0 | 0.110.0 | 0.120.0 | 0.11+0.0 | 0.100.0 | 0.100.0 | 0.09 |
| FCF Margin | -290.5%-15.1pp | -275.4%+8.8pp | -284.2%-180.7pp | -103.5%+91.2pp | -194.7%+27.1pp | -221.8%+51.8pp | -273.6%-74.7pp | -198.9% |
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Frequently Asked Questions
What is Origin Materials Inc's annual revenue?
Origin Materials Inc (ORGN) reported $31.3M in total revenue for fiscal year 2024. This represents a 8.6% 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 Origin Materials Inc's revenue growing?
Origin Materials Inc (ORGN) revenue grew by 8.6% year-over-year, from $28.8M to $31.3M in fiscal year 2024.
Is Origin Materials Inc profitable?
No, Origin Materials Inc (ORGN) reported a net income of -$83.7M in fiscal year 2024, with a net profit margin of -267.6%.
What is Origin Materials Inc's earnings per share (EPS)?
Origin Materials Inc (ORGN) reported diluted earnings per share of $-0.58 for fiscal year 2024. This represents a -441.2% 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.
What is Origin Materials Inc's EBITDA?
Origin Materials Inc (ORGN) had EBITDA of -$74.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Origin Materials Inc's operating margin?
Origin Materials Inc (ORGN) had an operating margin of -271.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Origin Materials Inc's net profit margin?
Origin Materials Inc (ORGN) had a net profit margin of -267.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Origin Materials Inc's free cash flow?
Origin Materials Inc (ORGN) generated -$59.8M in free cash flow during fiscal year 2024. This represents a 63.2% 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.
What is Origin Materials Inc's operating cash flow?
Origin Materials Inc (ORGN) generated -$50.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Origin Materials Inc's total assets?
Origin Materials Inc (ORGN) had $378.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Origin Materials Inc's capital expenditures?
Origin Materials Inc (ORGN) invested $9.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Origin Materials Inc spend on research and development?
Origin Materials Inc (ORGN) invested $18.6M in research and development during fiscal year 2024.
How many shares does Origin Materials Inc have outstanding?
Origin Materials Inc (ORGN) had 149M shares outstanding as of fiscal year 2024.
What is Origin Materials Inc's current ratio?
Origin Materials Inc (ORGN) had a current ratio of 11.09 as of fiscal year 2024, which is generally considered healthy.
What is Origin Materials Inc's debt-to-equity ratio?
Origin Materials Inc (ORGN) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Origin Materials Inc's return on assets (ROA)?
Origin Materials Inc (ORGN) had a return on assets of -22.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Origin Materials Inc's cash runway?
Based on fiscal year 2024 data, Origin Materials Inc (ORGN) had $56.3M in cash against an annual operating cash burn of $50.8M. This gives an estimated cash runway of approximately 13 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.
What is Origin Materials Inc's Piotroski F-Score?
Origin Materials Inc (ORGN) has a Piotroski F-Score of 2 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Origin Materials Inc's earnings high quality?
Origin Materials Inc (ORGN) has an earnings quality ratio of 0.61x, 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.
Can Origin Materials Inc cover its interest payments?
Origin Materials Inc (ORGN) has an interest coverage ratio of -228.7x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is Origin Materials Inc?
Origin Materials Inc (ORGN) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.