Onemednet Corp key statistics and ratios

In fiscal 2025, Onemednet Corp had an operating margin of -711.3% and a current ratio of 0.43. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Onemednet Corp: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	−31.2%	−12.6%	−43.7%	−37.0%	−68.8%
Operating margin	−669.1%	−671.2%	<−999%	−711.3%	−695.7%
Net margin	<−999%	<−999%	<−999%	−206.1%	−584.2%
Free-cash-flow margin	−412.9%	−473.6%	<−999%	−553.1%	−473.4%
Return on assets	<−999%	<−999%	−483.4%	−95.3%	−484.0%
Asset turnover	0.89	1.16	0.31	0.46	0.83
Current ratio	0.01	0.03	0.19	0.43	0.28
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	138.0%	202.3%	228.1%	111.5%	96.2%
Capital spending as % of revenue	5.0%	4.3%	7.9%	1.0%	1.1%

US$ thousands unless shown otherwise. Fiscal quarters.

Onemednet Corp: financial ratios, quarterly
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
Gross margin	−59.2%	−100.0%	—	—	—	18.5%	—	—
Operating margin	<−999%	<−999%	<−999%	<−999%	<−999%	−345.9%	<−999%	−774.3%
Net margin	<−999%	<−999%	<−999%	>999%	−418.6%	−352.4%	<−999%	−743.8%
Free-cash-flow margin	<−999%	<−999%	<−999%	<−999%	−987.0%	−192.8%	<−999%	−645.2%
Current ratio	0.23	0.19	0.09	0.37	0.29	0.43	0.27	0.28
R&D as % of revenue	209.9%	>999%	254.0%	246.5%	182.5%	49.7%	324.0%	111.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 5 checks passed · June 30, 2026

What it owns · $1m

Short-term assets $1mLonger-term assets $0m

What it owes, and who funded it · $5m

Short-term liabilities $5mLonger-term liabilities $0mShareholders' equity $-4m

Short-term assets cover short-term liabilities $1m of assets due within a year against $5m of liabilities due within a year.
Short-term assets cover long-term liabilities $1m short-term assets against $156,000 of longer-dated liabilities.
More cash than debt $358,000 of cash against $833,000 of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$7m of operating cash flow against $833,000 of debt.
Operating profit covers interest at least five times over Operating income of −$10m against $33,000 of interest.

From Onemednet Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Onemednet Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Onemednet Corp.