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MARKETS / NASDAQ / OCUL
NASDAQ · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Ocular Therapeutix, Inc. OCUL

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$52.0M
▼ 18.5% YoY
$-265.9M
$-216.9M
In brief

What this company does

The company leverages its ELUTYX technology in its commercial product DEXTENZA, a corticosteroid approved by the FDA for the treatment of ocular inflammation and pain following ophthalmic surgery, and in its product candidate OTX-TIC, a travoprost intracameral hydrogel that has completed a Phase 2 clinical trial for the treatment of open-angle glaucoma or ocular hypertension. Following FDA approval, the company commercially launched DEXTENZA for the treatment of post-surgical inflammation and pain in July 2019. DEXTENZA is the first and only FDA-approved intracanalicular insert delivering dexamethasone to treat post-surgical ocular inflammation and pain for up to 30 days with a single administration. As of December 31, 2025, Ocular Therapeutix had 325 full-time employees. Ocular Therapeutix was incorporated under the laws of the State of Delaware in 2006. The company's principal executive offices are located at 15 Crosby Drive, Bedford, MA 01730.

Written from the business description in OCULAR THERAPEUTIX, INC's annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth
USD 52.0M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 52.0 · Net income -265.9
25.0M50.0M-100.0M-200.0M20122014201620182020202220242025
Compound annual growth
+0.3%
+24.4%
+40.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−512 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -519.8% · Net -511.9%
-50000%-100000%20122014201620182020202220242025
ROE
FY2025 · ROE -54.9%
-200%-400%20122014201620182020202220242025

Each USD of equity lost 55 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -216.9
-80M-160M20122014201620182020202220242025

Total assetsUSD 808.1M
EquityUSD 654.3M
CashUSD 737.1M
Current ratio15.39×

Equity funds 81% of total assets.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.10.10.10.10.00.00.00.00.00.00.00.0·0.0
Operating income $B−0.3−0.2−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.3−0.2−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.3−0.2−0.1−0.1−0.0−0.2−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.2−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−1.42−1.22−1.02−0.97−0.98−2.56−1.91−1.57−2.20−1.80−1.71−2.69−5.11−5.60
Dividend / sh $··············
Payout %··············
ROE %−54.9−95.2−127.6−115.2−8.0−429.5−535.7−193.4−162.2−63.1−53.6···
Shares out B0.220.160.110.080.080.080.050.040.030.030.020.020.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 28 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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