Oatly Group Ab Financials
Oatly Group Ab (OTLY) reported $862.5M in revenue for fiscal year 2025, up 4.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Cash burn is easing, but working-capital strain and a nearly exhausted equity cushion now dominate the operating story.
From FY2023 to FY2025, operating cash outflow narrowed from-$165.6M to-$23.7M , so losses are consuming far less cash than before. Free cash burn improved as capital spending dropped to$12.4M , but equity at$19.7M means that cash progress rests on a very small loss-absorbing cushion.
The rise in debt-to-equity to 1.3x looks like heavier leverage, but long-term debt actually fell to
With current liabilities of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Oatly Group Ab's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Oatly Group Ab, and counted as zero in the overall score.
Oatly Group Ab's revenue grew a modest 4.7% year-over-year to $862.5M. This slow but positive growth earns a score of 50/100.
Oatly Group Ab has a moderate D/E ratio of 1.26. This balance of debt and equity financing earns a leverage score of 41/100.
Oatly Group Ab's current ratio of 0.48 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Oatly Group Ab's operations used $23.7M of cash, and capex of $12.4M added to the outflow, for a free cash flow shortfall of $36.1M. This results in a cash flow score of 14/100.
Not available for Oatly Group Ab, and counted as zero in the overall score.
Oatly Group Ab passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Oatly Group Ab reported a net loss of $153.1M while operations used $23.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Oatly Group Ab generated $862.5M in revenue in fiscal year 2025. This represents an increase of 4.7% from the prior year.
Oatly Group Ab reported -$153.1M in net income in fiscal year 2025. This represents an increase of 24.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Oatly Group Ab recorded an outflow of $36.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 76.5% from the prior year.
Oatly Group Ab held $64.3M in cash against $24.7M in long-term debt as of fiscal year 2025, with $557.3M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Oatly Group Ab's net profit margin was -17.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.8 percentage points from the prior year.
Oatly Group Ab's ROE was -778.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 587.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Oatly Group Ab invested $12.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 68.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
OTLY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $208.4M | N/A | N/A | $202.2M | N/A | N/A | N/A |
| Interest Expense | N/A | $749K | N/A | N/A | $1.5M | N/A | N/A | N/A |
| Income Tax | N/A | $1.9M | N/A | N/A | $1.8M | N/A | N/A | N/A |
| Net Income | N/A | -$55.9M-346.5% | -$12.5M | N/A | -$30.4M+33.6% | -$45.8M | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).
OTLY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $787.2M-2.0% | $803.1M | N/A | $804.0M | N/A | N/A | $1.1B-8.8% | $1.2B |
| Current Assets | $265.2M-2.3% | $271.5M | N/A | $299.1M | N/A | N/A | $483.4M+0.2% | $482.3M |
| Cash & Equivalents | $64.3M-5.3% | $67.9M | N/A | $98.9M-30.7% | $142.7M | N/A | $249.3M+201.7% | $82.6M |
| Inventory | $68.5M+4.1% | $65.9M | N/A | $65.6M | N/A | N/A | $67.9M-40.7% | $114.5M |
| Goodwill | $137.7M+3.1% | $133.6M | N/A | $116.2M | N/A | N/A | $130.3M+2.1% | $127.7M |
| Total Liabilities | $767.5M+8.7% | $706.3M | N/A | $697.9M | N/A | N/A | $781.2M+80.0% | $434.1M |
| Current Liabilities | $557.3M+1.0% | $551.8M | N/A | $535.1M | N/A | N/A | $583.7M+70.7% | $341.9M |
| Long-Term Debt | $24.7M-16.2% | $29.5M | N/A | $31.7M | N/A | N/A | $72.6M-11.8% | $82.3M |
| Total Equity | $19.7M-79.7% | $96.7M-20.6% | $121.9M+14.8% | $106.1M-56.8% | $245.8M-10.1% | $273.3M-18.6% | $335.8M-57.6% | $791.1M |
| Retained Earnings | -$1.4B-6.7% | -$1.3B | N/A | -$1.2B | N/A | N/A | -$1.1B-59.4% | -$665.5M |
Not reported in any period shown, so not listed: Accounts Receivable.
OTLY 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 | Q4'25 | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
OTLY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | -26.9% | N/A | N/A | -15.1% | N/A | N/A | N/A |
| Return on Equity | N/A | -57.8%-47.6pp | -10.3% | N/A | -12.4%+4.4pp | -16.8% | N/A | N/A |
| Return on Assets | N/A | -7.0% | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.480.0x | 0.49 | N/A | 0.56 | N/A | N/A | 0.83-0.6x | 1.41 |
| Debt-to-Equity | 1.26+1.0x | 0.31 | N/A | 0.30 | N/A | N/A | 0.22+0.1x | 0.10 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.48), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Oatly Group Ab Ranks
Frequently Asked Questions
What is Oatly Group Ab's annual revenue?
Oatly Group Ab (OTLY) reported $862.5M in total revenue for fiscal year 2025. This represents a 4.7% 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 Oatly Group Ab's revenue growing?
Oatly Group Ab (OTLY) revenue grew by 4.7% year-over-year, from $823.7M to $862.5M in fiscal year 2025.
Is Oatly Group Ab profitable?
No, Oatly Group Ab (OTLY) reported a net income of -$153.1M in fiscal year 2025, with a net profit margin of -17.8%.
How much debt does Oatly Group Ab have?
As of fiscal year 2025, Oatly Group Ab (OTLY) had $64.3M in cash and equivalents against $24.7M in long-term debt.
What is Oatly Group Ab's net profit margin?
Oatly Group Ab (OTLY) had a net profit margin of -17.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Oatly Group Ab's return on equity (ROE)?
Oatly Group Ab (OTLY) has a return on equity of -778.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Oatly Group Ab's free cash flow?
Oatly Group Ab (OTLY) recorded an outflow of $36.1M in free cash flow during fiscal year 2025. This represents a 76.5% 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 Oatly Group Ab's operating cash flow?
Oatly Group Ab (OTLY) recorded an outflow of $23.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Oatly Group Ab's total assets?
Oatly Group Ab (OTLY) had $787.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Oatly Group Ab's capital expenditures?
Oatly Group Ab (OTLY) invested $12.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Oatly Group Ab's current ratio?
Oatly Group Ab (OTLY) had a current ratio of 0.48 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Oatly Group Ab's debt-to-equity ratio?
Oatly Group Ab (OTLY) had a debt-to-equity ratio of 1.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oatly Group Ab's return on assets (ROA)?
Oatly Group Ab (OTLY) had a return on assets of -19.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Oatly Group Ab's Piotroski F-Score?
Oatly Group Ab (OTLY) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.
Are Oatly Group Ab's earnings high quality?
Oatly Group Ab (OTLY) reported a net loss of $153.1M while operations used $23.7M 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.
How financially healthy is Oatly Group Ab?
Oatly Group Ab (OTLY) scores 18 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.