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MARKETS / NASDAQ / OTLK
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · SMALL CAP

Outlook Therapeutics, Inc. OTLK

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4M
$-62.4M
In brief

What this company does

We are a biopharmaceutical company that has developed ONS-5010/LYTENAVATM as the first ophthalmic formulation of bevacizumab approved by the European Commission in the European Union, or EU, and the Medicines and Healthcare products Regulatory Agency, or MHRA, in the United Kingdom, or UK, for use in adults for the treatment of wet age-related macular degeneration, or wet AMD. Additionally, our Biologics License Application, or BLA, is currently under review at the U.S. Food and Drug Administration, or FDA, for the use of ONS-5010/LYTENAVA as a treatment for wet AMD in the United States. ONS-5010/LYTENAVA is manufactured in the United States. Bevacizumab is a full-length, humanized anti-VEGF (Vascular Endothelial Growth Factor) recombinant monoclonal antibody, or mAb, that inhibits VEGF and associated angiogenic activity. We believe ONS-5010/LYTENAVA has potential to mitigate risks associated with off-label use of unapproved bevacizumab.

Written from the business description in Outlook Therapeutics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 December 2025. Every sentence was checked against that document before publication.

Growth
USD 1.4M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 1.4 · Net income -62.4
4.0M8.0M-25.0M-50.0M201520172019202120232025
Compound annual growth
−12.2%
3 yrs
5 yrs
10 yrs
15 yrs

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
−4416 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4744.3% · Net -4416.2%
-2000%-4000%201520172019202120232025
ROE
FY2022 · ROE -990.0%
-500%-1000%201520172019202120232025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF -32.7
-20M-40M201520172019202120232025

Total assetsUSD 18.6M
EquityUSD -32.2M
CashUSD 8.1M
Current ratio0.38×

Equity funds -173% of total assets.

The 11-year record
11 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 20252024202320222021202020192018201720162015
Revenue $B0.0·····0.00.00.00.00.0
Operating income $B−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.1−0.0
EBITDA $B···−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.00.00.00.00.0−0.0−0.0−0.00.00.0−0.0
Net income $B−0.1−0.1−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.1−0.0
Free cash flow $B······−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−1.79−4.06−4.72−0.31−0.35−0.67−1.98−9.74−1.80−3.67−5.43
Dividend / sh $···········
Payout %···········
ROE %···−990.0−1430.3······
Shares out B0.050.020.010.230.180.130.030.010.020.020.01

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 45 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 30
SEC categorysmaller reporting company
Data on record since2015

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