Ontrak Inc Financials
This page shows Ontrak Inc (OTRK) financial statements, including the 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ontrak Inc has an operating margin of -164.0%, meaning the company retains $-164 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 up from -165.8% the prior year.
Ontrak Inc's revenue declined 14.9% year-over-year, from $12.7M to $10.8M. This contraction results in a growth score of 0/100.
Ontrak Inc carries a low D/E ratio of 0.24, meaning only $0.24 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.
Ontrak Inc's current ratio of 1.09 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
While Ontrak Inc generated -$13.4M in operating cash flow, capex of $177K consumed most of it, leaving -$13.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ontrak Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Ontrak Inc generates $0.53 in operating cash flow (-$13.4M OCF vs -$25.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Ontrak Inc earns $-10.4 in operating income for every $1 of interest expense (-$17.8M vs $1.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Ontrak Inc generated $10.8M in revenue in fiscal year 2024. This represents a decrease of 14.9% from the prior year.
Ontrak Inc's EBITDA was -$17.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.6% from the prior year.
Ontrak Inc generated -$13.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 13.8% from the prior year.
Ontrak Inc reported -$25.5M in net income in fiscal year 2024. This represents an increase of 8.7% from the prior year.
Ontrak Inc earned $-17.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 65.7% from the prior year.
Ontrak Inc held $5.7M in cash against $2.3M in long-term debt as of fiscal year 2024.
Ontrak Inc had 4M shares outstanding in fiscal year 2024. This represents an increase of 64.5% from the prior year.
Ontrak Inc's gross margin was 62.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.1 percentage points from the prior year.
Ontrak Inc's operating margin was -164.0% in fiscal year 2024, reflecting core business profitability. This is up 1.8 percentage points from the prior year.
Ontrak Inc's net profit margin was -235.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 15.9 percentage points from the prior year.
Ontrak Inc invested $4.6M in research and development in fiscal year 2024. This represents a decrease of 30.0% from the prior year.
Ontrak Inc invested $177K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 37.9% from the prior year.
OTRK Income Statement
| Metric | Q1'25 | Q3'24 | Q2'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M-21.5% | $2.6M+4.8% | $2.5M-30.7% | $3.5M-4.7% | $3.7M+25.5% | $3.0M+17.0% | $2.5M+0.8% | $2.5M |
| Cost of Revenue | $1.3M+30.4% | $975K+15.5% | $844K-32.6% | $1.3M+20.4% | $1.0M+29.4% | $804K-5.1% | $847K-12.9% | $973K |
| Gross Profit | $746K-53.2% | $1.6M-0.8% | $1.6M-29.7% | $2.3M-14.5% | $2.7M+24.1% | $2.2M+28.2% | $1.7M+9.4% | $1.5M |
| R&D Expenses | $1.4M+15.0% | $1.2M+19.3% | $1.0M-45.8% | $1.9M+22.0% | $1.6M+1.0% | $1.5M-6.5% | $1.6M-11.7% | $1.9M |
| SG&A Expenses | $4.6M-1.6% | $4.7M+19.3% | $3.9M-15.8% | $4.7M+7.1% | $4.4M-1.0% | $4.4M-24.2% | $5.8M-11.3% | $6.6M |
| Operating Income | -$5.8M-14.5% | -$5.1M-26.2% | -$4.0M+22.4% | -$5.2M-28.3% | -$4.1M+12.2% | -$4.6M+36.0% | -$7.2M+9.7% | -$8.0M |
| Interest Expense | $1.0M+117.8% | $471K+51.4% | $311K-73.9% | $1.2M-50.1% | $2.4M+7.6% | $2.2M+59.5% | $1.4M+53.0% | $911K |
| Income Tax | $0 | $0 | $0 | $0 | $0+100.0% | -$100K-600.0% | $20K+138.5% | -$52K |
| Net Income | -$6.9M-23.5% | -$5.6M+45.8% | -$10.3M-60.9% | -$6.4M+0.3% | -$6.4M+5.0% | -$6.8M+19.1% | -$8.3M+8.3% | -$9.1M |
| EPS (Diluted) | $-1.65+6.8% | $-1.77 | $-0.19 | $-18.99 | $-26.47 | $-1.84 | $-2.26+63.1% | $-6.13 |
OTRK Balance Sheet
| Metric | Q1'25 | Q3'24 | Q2'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.3M-18.4% | $22.4M-11.4% | $25.3M+27.4% | $19.8M-4.4% | $20.8M-8.1% | $22.6M-9.0% | $24.8M-3.5% | $25.8M |
| Current Assets | $7.9M-22.2% | $10.2M-8.6% | $11.1M-13.0% | $12.8M+0.7% | $12.7M-8.4% | $13.9M-10.4% | $15.5M+8.4% | $14.3M |
| Cash & Equivalents | $4.1M-48.7% | $8.0M+9.2% | $7.3M-24.8% | $9.7M+200.6% | $3.2M-47.0% | $6.1M-17.6% | $7.4M+46.9% | $5.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $602K+1975.9% | $29K | N/A | $0 | N/A | N/A | N/A | N/A |
| Goodwill | $5.7M0.0% | $5.7M0.0% | $5.7M0.0% | $5.7M0.0% | $5.7M0.0% | $5.7M0.0% | $5.7M0.0% | $5.7M |
| Total Liabilities | $13.6M+24.5% | $10.9M+11.0% | $9.9M+76.9% | $5.6M-78.0% | $25.4M+16.2% | $21.9M+19.9% | $18.2M-9.2% | $20.1M |
| Current Liabilities | $11.1M+27.7% | $8.7M+183.3% | $3.1M-22.5% | $3.9M-64.7% | $11.2M+14.5% | $9.7M+18.7% | $8.2M-13.3% | $9.5M |
| Long-Term Debt | $2.5M+14.8% | $2.2M-67.5% | $6.7M+354.8% | $1.5M-89.6% | $14.1M+18.0% | $11.9M+21.5% | $9.8M-2.6% | $10.1M |
| Total Equity | $4.6M-59.4% | $11.5M-25.7% | $15.4M+8.0% | $14.3M+408.3% | -$4.6M-712.3% | $756K-88.6% | $6.6M+16.6% | $5.7M |
| Retained Earnings | -$547.6M-11.5% | -$491.0M-1.1% | -$485.4M-3.1% | -$470.7M-1.4% | -$464.3M-1.4% | -$457.8M-1.5% | -$451.1M-1.9% | -$442.7M |
OTRK Cash Flow Statement
| Metric | Q1'25 | Q3'24 | Q2'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M-92.8% | -$1.4M+68.4% | -$4.5M-23.6% | -$3.6M-99.3% | -$1.8M+64.5% | -$5.1M-3.3% | -$5.0M-242.5% | -$1.4M |
| Capital Expenditures | $58K+107.1% | $28K-24.3% | $37K-58.4% | $89K+21.9% | $73K-25.5% | $98K+292.0% | $25K-83.6% | $152K |
| Free Cash Flow | -$2.8M-93.1% | -$1.4M+68.0% | -$4.5M-21.6% | -$3.7M-96.3% | -$1.9M+63.8% | -$5.2M-4.7% | -$5.0M-211.5% | -$1.6M |
| Investing Cash Flow | -$58K-107.1% | -$28K+24.3% | -$37K+58.4% | -$89K-21.9% | -$73K+25.5% | -$98K-292.0% | -$25K+83.6% | -$152K |
| Financing Cash Flow | $1.2M-45.2% | $2.1M-60.8% | $5.4M+29.2% | $4.2M+309.7% | $1.0M-68.5% | $3.2M-55.9% | $7.3M+1278.0% | -$623K |
| Dividends Paid | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OTRK Financial Ratios
| Metric | Q1'25 | Q3'24 | Q2'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.0%-25.1pp | 62.1%-3.5pp | 65.6%+0.9pp | 64.6%-7.4pp | 72.0%-0.8pp | 72.8%+6.3pp | 66.5%+5.3pp | 61.2% |
| Operating Margin | -290.0%-91.2pp | -198.8%-33.7pp | -165.1%-17.8pp | -147.3%-37.9pp | -109.4%+47.0pp | -156.3%+129.4pp | -285.8%+32.9pp | -318.7% |
| Net Margin | -341.7%-124.4pp | -217.2%+202.6pp | -419.8%-239.1pp | -180.7%-8.0pp | -172.8%+55.5pp | -228.2%+101.9pp | -330.2%+32.6pp | -362.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -37.7%-12.8pp | -24.9%+15.8pp | -40.7%-8.5pp | -32.2%-1.3pp | -30.9%-1.0pp | -29.9%+3.7pp | -33.6%+1.7pp | -35.4% |
| Current Ratio | 0.72-0.5 | 1.17-2.5 | 3.64+0.4 | 3.24+2.1 | 1.14-0.3 | 1.42-0.5 | 1.88+0.4 | 1.51 |
| Debt-to-Equity | 0.54+0.3 | 0.19-0.2 | 0.43+0.3 | 0.10+3.1 | -3.04-18.8 | 15.76+14.3 | 1.48-0.3 | 1.77 |
| FCF Margin | -137.9%-81.8pp | -56.0%+127.8pp | -183.9%-79.2pp | -104.7%-53.9pp | -50.8%+125.3pp | -176.1%+20.7pp | -196.8%-133.2pp | -63.7% |
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Frequently Asked Questions
What is Ontrak Inc's annual revenue?
Ontrak Inc (OTRK) reported $10.8M in total revenue for fiscal year 2024. This represents a -14.9% 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 Ontrak Inc's revenue growing?
Ontrak Inc (OTRK) revenue declined by 14.9% year-over-year, from $12.7M to $10.8M in fiscal year 2024.
Is Ontrak Inc profitable?
No, Ontrak Inc (OTRK) reported a net income of -$25.5M in fiscal year 2024, with a net profit margin of -235.0%.
What is Ontrak Inc's earnings per share (EPS)?
Ontrak Inc (OTRK) reported diluted earnings per share of $-17.02 for fiscal year 2024. This represents a 65.7% 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 Ontrak Inc's EBITDA?
Ontrak Inc (OTRK) had EBITDA of -$17.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ontrak Inc have?
As of fiscal year 2024, Ontrak Inc (OTRK) had $5.7M in cash and equivalents against $2.3M in long-term debt.
What is Ontrak Inc's gross margin?
Ontrak Inc (OTRK) had a gross margin of 62.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ontrak Inc's operating margin?
Ontrak Inc (OTRK) had an operating margin of -164.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Ontrak Inc's net profit margin?
Ontrak Inc (OTRK) had a net profit margin of -235.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ontrak Inc's free cash flow?
Ontrak Inc (OTRK) generated -$13.6M in free cash flow during fiscal year 2024. This represents a 13.8% 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 Ontrak Inc's operating cash flow?
Ontrak Inc (OTRK) generated -$13.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ontrak Inc's total assets?
Ontrak Inc (OTRK) had $21.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ontrak Inc's capital expenditures?
Ontrak Inc (OTRK) invested $177K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ontrak Inc spend on research and development?
Ontrak Inc (OTRK) invested $4.6M in research and development during fiscal year 2024.
How many shares does Ontrak Inc have outstanding?
Ontrak Inc (OTRK) had 4M shares outstanding as of fiscal year 2024.
What is Ontrak Inc's current ratio?
Ontrak Inc (OTRK) had a current ratio of 1.09 as of fiscal year 2024, which is considered adequate.
What is Ontrak Inc's debt-to-equity ratio?
Ontrak Inc (OTRK) had a debt-to-equity ratio of 0.24 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ontrak Inc's return on assets (ROA)?
Ontrak Inc (OTRK) had a return on assets of -120.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ontrak Inc's cash runway?
Based on fiscal year 2024 data, Ontrak Inc (OTRK) had $5.7M in cash against an annual operating cash burn of $13.4M. This gives an estimated cash runway of approximately 5 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 Ontrak Inc's Piotroski F-Score?
Ontrak Inc (OTRK) 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 Ontrak Inc's earnings high quality?
Ontrak Inc (OTRK) has an earnings quality ratio of 0.53x, 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 Ontrak Inc cover its interest payments?
Ontrak Inc (OTRK) has an interest coverage ratio of -10.4x, 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 Ontrak Inc?
Ontrak Inc (OTRK) scores 25 out of 100 on our Financial Profile, indicating weak 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.