Oatly Group AB income statement

In fiscal 2025, Oatly Group AB reported revenue of $862m, up 4.7% on the year before, operating income of −$67.7m (a -7.9% margin) and net income of −$153m, or −$5.00 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

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

Oatly Group AB: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	204	421	643	722	783	824	862
Cost of revenue	137	292	488	642	631	587	585
Gross profit	67	129	155	80	152	236	277
Research and development	4	7	17	22	21	30	19
Selling and marketing	—	26	49	61	52	51	57
Operating income	−31	−47	−214	−396	−457	−186	−68
Interest expense	1	1	5	8	49	62	62
Income before tax	−34	−58	−215	−397	−408	−199	−145
Income tax	1	2	−3	−5	9	4	8
Net income	−36	−60	−212	−393	−417	−202	−153
Diluted EPS	—	−$2.60	−$7.80	−$13.20	−$14.00	−$6.80	−$5.00
Diluted shares (average)	20m	23m	27m	30m	30m	30m	30m
EBITDA	−23	−34	−187	−347	−405	−136	−18

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Oatly Group AB's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Oatly Group AB.