Ocular Therapeutix, Inc income statement
In fiscal 2025, Ocular Therapeutix, Inc reported revenue of $52.0m, down 18.5% on the year before, operating income of −$270m (a -519.8% margin) and net income of −$266m, or −$1.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 2 | 2 | 2 | 2 | 4 | 17 | 44 | 51 | 58 | 64 | 52 | 52 |
| Cost of revenue | — | — | — | — | 0 | 0 | 2 | 2 | 4 | 5 | 5 | 6 | 7 | 7 |
| Gross profit | — | — | — | — | 1 | 2 | 2 | 15 | 39 | 47 | 53 | 58 | 45 | 45 |
| Research and development | 12 | 19 | 27 | 27 | 31 | 37 | 41 | 29 | 50 | 53 | 61 | 128 | 197 | 224 |
| Selling and marketing | 1 | 2 | 4 | 7 | 17 | 5 | 24 | 27 | 35 | 40 | 41 | 42 | 54 | 60 |
| General and administrative | 1 | 7 | 9 | 11 | 16 | 19 | 22 | 23 | 32 | 32 | 34 | 61 | 64 | 76 |
| Operating income | −14 | −27 | −38 | −43 | −62 | −59 | −86 | −63 | −78 | −79 | −82 | −172 | −270 | −314 |
| Interest expense | 0 | 1 | 2 | 2 | 2 | 2 | 6 | 7 | 7 | 7 | 11 | 14 | 12 | 11 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net income | −14 | −29 | −40 | −45 | −63 | −60 | −86 | −156 | −7 | −71 | −81 | −194 | −266 | −301 |
| Diluted EPS | −$1.40 | −$2.69 | −$1.71 | −$1.80 | −$2.20 | −$1.57 | −$1.91 | −$2.56 | −$0.98 | −$0.97 | −$1.02 | −$1.22 | −$1.42 | −$1.41 |
| Diluted shares (average) | 10m | 11m | 23m | 25m | 29m | 38m | 45m | 61m | 82m | 83m | 86m | 158m | 187m | 214m |
| EBITDA | −13 | −27 | −37 | −42 | −60 | −57 | −83 | −60 | −76 | −77 | −79 | −168 | −266 | −308 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 17 | 11 | 13 | 15 | 13 | 11 | 13 |
| Cost of revenue | 2 | 1 | 1 | 2 | 2 | 2 | 1 | 2 |
| Gross profit | 14 | 16 | 9 | 12 | 13 | 12 | 9 | 11 |
| Research and development | 37 | 41 | 43 | 51 | 52 | 51 | 66 | 54 |
| Selling and marketing | 11 | 11 | 14 | 14 | 13 | 13 | 17 | 17 |
| General and administrative | 12 | 15 | 16 | 14 | 16 | 18 | 20 | 22 |
| Operating income | −46 | −51 | −64 | −68 | −69 | −70 | −93 | −82 |
| Interest expense | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Net income | −36 | −48 | −64 | −68 | −69 | −65 | −89 | −79 |
| Diluted EPS | −$0.22 | −$0.28 | −$0.38 | −$0.39 | −$0.38 | −$0.27 | −$0.40 | −$0.35 |
| EBITDA | −45 | −50 | −63 | −67 | −68 | −69 | −92 | −80 |
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