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About

Outset Medical, Inc., a medical technology company, engages in the development of a hemodialysis system for hemodialysis in the United States. The company provides Tablo Hemodialysis System, a compact console with integrated water purification, on-demand dialysate production, and software and connectivity capabilities; and manufactures, supports, and distributes for Tablo console, Tablo cartridge, and other consumables. It also offers Tablo Data Ecosystem, including TabloHub, a consumer-facing portal; MyTablo, a patient-facing portal; and TabloDash, an internal data analytics platform. The company was formerly known as Home Dialysis Plus, Ltd. and changed its name to Outset Medical, Inc. in January 2015. Outset Medical, Inc. was incorporated in 2003 and is headquartered in San Jose, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Devices Market Cap 57.86M
Enterprise Value -9.47M Income -81.65M Sales 119.48M
Book/sh 6.99 Cash/sh 9.23 Dividend Yield
Payout 0.00% Employees 310 IPO
P/E Forward P/E -1.35 PEG
P/S 0.48 P/B 0.45 P/C
EV/EBITDA 0.15 EV/Sales -0.08 Quick Ratio 5.24
Current Ratio 6.67 Debt/Eq 79.75 LT Debt/Eq
EPS (ttm) -5.37 EPS next Y -2.35 EPS Growth
Revenue Growth -2.00% Earnings 2026-05-06 ROA -15.43%
ROE -106.20% ROIC Gross Margin 39.13%
Oper. Margin -61.06% Profit Margin -68.34% Shs Outstand 18.31M
Shs Float 13.06M Short Float 12.24% Short Ratio 4.88
Short Interest 52W High 21.98 52W Low 3.00
Beta 2.10 Avg Volume 840.21K Volume 112.30K
Target Price $10.50 Recom Strong_buy Prev Close $3.18
Price $3.16 Change -0.63%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.50
Mean price target
2. Current target
$3.16
Latest analyst target
3. DCF / Fair value
$-20.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.16
Low
$7.00
High
$15.00
Mean
$10.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-12 main BTIG Buy → Buy $15
2026-01-07 main Stifel Buy → Buy $8
2025-12-16 reit BTIG Buy → Buy $17
2025-11-11 main Stifel Buy → Buy $14
2025-11-11 main RBC Capital Sector Perform → Sector Perform $17
2025-11-11 main BTIG Buy → Buy $17
2025-08-19 reit RBC Capital Sector Perform → Sector Perform $22
2025-08-07 main RBC Capital Sector Perform → Sector Perform $22
2025-05-21 main RBC Capital Sector Perform → Sector Perform $21
2025-05-08 main RBC Capital Sector Perform → Sector Perform $14
2025-01-07 reit RBC Capital Sector Perform → Sector Perform $3
2024-08-08 down RBC Capital Outperform → Sector Perform $3
2024-08-08 main TD Cowen Buy → Buy $3
2024-06-21 up RBC Capital Sector Perform → Outperform $6
2024-04-08 init BTIG — → Buy $6
2024-01-12 down RBC Capital Outperform → Sector Perform $6
2023-12-04 main Morgan Stanley Equal-Weight → Equal-Weight $6
2023-11-14 main Morgan Stanley Equal-Weight → Equal-Weight $5
2023-10-13 main RBC Capital Outperform → Outperform $17
2023-10-13 main Stifel Buy → Buy $6
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3361 11259.0 Sale at price 3.35 per share. TRIGG LESLIE L Chief Executive Officer 2026-02-17 00:00:00 D
1 2842 9521.0 Sale at price 3.35 per share. BROTTEM JOHN L. General Counsel 2026-02-17 00:00:00 D
2 1817 6087.0 Sale at price 3.35 per share. NASH MARC Officer 2026-02-17 00:00:00 D
3 13914 71091.0 Sale at price 5.05 - 5.12 per share. TRIGG LESLIE L Chief Executive Officer 2026-01-21 00:00:00 D
4 10494 53599.0 Sale at price 5.01 - 5.12 per share. BROTTEM JOHN L. General Counsel 2026-01-21 00:00:00 D
5 6355 32400.0 Sale at price 4.98 - 5.12 per share. NASH MARC Officer 2026-01-21 00:00:00 D
6 18667 Stock Award(Grant) at price 0.00 per share. PRANGE KAREN N. Director 2026-01-09 00:00:00 D
7 1795 7665.0 Sale at price 4.27 per share. TRIGG LESLIE L Chief Executive Officer 2026-01-07 00:00:00 D
8 224 956.0 Sale at price 4.27 per share. BROTTEM JOHN L. General Counsel 2026-01-07 00:00:00 D
9 108 461.0 Sale at price 4.27 per share. NASH MARC Officer 2026-01-07 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-1.61M0.000.00-287.07K
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA-54.96M-97.89M-153.79M-152.56M
TotalUnusualItems-7.68M0.000.00-1.37M
TotalUnusualItemsExcludingGoodwill-7.68M0.000.00-1.37M
NetIncomeFromContinuingOperationNetMinorityInterest-81.65M-127.98M-172.80M-162.96M
ReconciledDepreciation4.34M5.73M5.81M5.17M
ReconciledCostOfRevenue72.72M75.12M101.38M97.54M
EBITDA-62.64M-97.89M-153.79M-153.93M
EBIT-66.98M-103.61M-159.60M-159.09M
NetInterestIncome-6.54M-14.11M-2.50M-275.00K
InterestExpense13.95M23.87M12.68M3.57M
InterestIncome7.41M9.76M10.17M3.29M
NormalizedIncome-75.58M-127.98M-172.80M-161.88M
NetIncomeFromContinuingAndDiscontinuedOperation-81.65M-127.98M-172.80M-162.96M
TotalExpenses186.18M227.06M300.15M276.39M
TotalOperatingIncomeAsReported-66.71M-113.38M-169.77M-161.02M
DilutedAverageShares15.21M3.46M3.31M3.21M
BasicAverageShares15.21M3.46M3.31M3.21M
DilutedEPS-5.37-36.90-52.20-50.70
BasicEPS-5.37-36.90-52.20-50.70
DilutedNIAvailtoComStockholders-81.65M-127.98M-172.80M-162.96M
NetIncomeCommonStockholders-81.65M-127.98M-172.80M-162.96M
OtherunderPreferredStockDividend0.000.00
NetIncome-81.65M-127.98M-172.80M-162.96M
NetIncomeIncludingNoncontrollingInterests-81.65M-127.98M-172.80M-162.96M
NetIncomeContinuousOperations-81.65M-127.98M-172.80M-162.96M
TaxProvision718.00K491.00K523.00K295.00K
PretaxIncome-80.94M-127.48M-172.27M-162.66M
OtherIncomeExpense-7.68M-1.37M
SpecialIncomeCharges-7.68M0.000.00-1.37M
OtherSpecialCharges7.68M1.37M
NetNonOperatingInterestIncomeExpense-6.54M-14.11M-2.50M-275.00K
InterestExpenseNonOperating13.95M23.87M12.68M3.57M
InterestIncomeNonOperating7.41M9.76M10.17M3.29M
OperatingIncome-66.71M-113.38M-169.77M-161.02M
OperatingExpense113.46M151.94M198.77M178.85M
ResearchAndDevelopment21.23M38.40M57.31M48.85M
SellingGeneralAndAdministration92.22M113.54M141.46M130.00M
SellingAndMarketingExpense54.36M70.04M96.23M89.48M
GeneralAndAdministrativeExpense37.86M43.50M45.23M40.52M
OtherGandA37.86M43.50M45.23M40.52M
GrossProfit46.75M38.56M29.00M17.83M
CostOfRevenue72.72M75.12M101.38M97.54M
TotalRevenue119.48M113.69M130.38M115.38M
OperatingRevenue119.48M113.69M130.38M115.38M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber18.17M3.53M3.35M3.23M
ShareIssued18.17M3.53M3.35M3.23M
NetDebt61.23M73.36M61.60M23.11M
TotalDebt101.25M201.86M136.19M103.23M
TangibleBookValue126.95M26.82M122.89M245.99M
InvestedCapital223.19M224.19M253.00M342.33M
WorkingCapital213.25M212.84M235.90M321.70M
NetTangibleAssets126.95M26.82M122.89M245.99M
CapitalLeaseObligations5.01M4.48M6.08M6.89M
CommonStockEquity126.95M26.82M122.89M245.99M
TotalCapitalization223.19M224.19M253.00M342.33M
TotalEquityGrossMinorityInterest126.95M26.82M122.89M245.99M
StockholdersEquity126.95M26.82M122.89M245.99M
GainsLossesNotAffectingRetainedEarnings172.00K42.00K68.00K-564.00K
OtherEquityAdjustments172.00K42.00K68.00K-564.00K
RetainedEarnings-1.17B-1.09B-961.75M-788.95M
AdditionalPaidInCapital1.30B1.12B1.08B1.04B
CapitalStock18.00K4.00K50.00K48.00K
CommonStock18.00K4.00K50.00K48.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest137.54M248.98M190.91M154.12M
TotalNonCurrentLiabilitiesNetMinorityInterest99.91M203.60M135.59M102.18M
NonCurrentAccruedExpenses0.002.69M896.00K113.00K
NonCurrentDeferredLiabilities406.00K844.00K101.00K151.00K
NonCurrentDeferredRevenue406.00K844.00K101.00K151.00K
LongTermDebtAndCapitalLeaseObligation99.51M200.06M134.59M101.91M
LongTermCapitalLeaseObligation3.27M2.68M4.48M5.58M
LongTermDebt96.24M197.38M130.11M96.34M
CurrentLiabilities37.63M45.38M55.32M51.95M
OtherCurrentLiabilities4.07M3.09M5.76M7.11M
CurrentDeferredLiabilities13.79M12.75M11.73M8.66M
CurrentDeferredRevenue13.79M12.75M11.73M8.66M
CurrentDebtAndCapitalLeaseObligation1.74M1.80M1.59M1.32M
CurrentCapitalLeaseObligation1.74M1.80M1.59M1.32M
PensionandOtherPostRetirementBenefitPlansCurrent10.73M16.82M19.00M21.52M
CurrentProvisions3.70M
PayablesAndAccruedExpenses7.29M10.91M17.24M13.34M
CurrentAccruedExpenses6.74M7.05M11.41M12.74M
Payables554.00K3.86M5.83M603.00K
AccountsPayable554.00K3.86M5.83M603.00K
TotalAssets264.50M275.80M313.80M400.12M
TotalNonCurrentAssets13.61M17.57M22.58M26.47M
OtherNonCurrentAssets4.15M5.50M3.93M4.48M
NetPPE9.47M12.07M18.65M21.99M
AccumulatedDepreciation-24.90M-21.02M-16.37M-10.81M
GrossPPE34.37M33.10M35.02M32.80M
Leases9.58M9.69M9.62M5.04M
ConstructionInProgress523.00K637.00K769.00K4.77M
OtherProperties4.80M4.18M5.90M6.83M
MachineryFurnitureEquipment19.47M18.60M18.73M16.16M
Properties0.000.000.000.00
CurrentAssets250.88M258.22M291.22M373.64M
OtherCurrentAssets6.00M4.53M5.70M6.60M
PrepaidAssets5.53M
Inventory47.61M59.39M49.22M51.48M
FinishedGoods13.11M23.71M21.78M21.77M
WorkInProcess7.32M9.97M8.73M9.09M
RawMaterials27.18M25.70M18.71M20.62M
Receivables28.33M35.62M32.98M28.07M
AccountsReceivable28.33M35.62M32.98M28.07M
CashCashEquivalentsAndShortTermInvestments168.95M158.69M203.32M287.50M
OtherShortTermInvestments133.94M34.67M134.81M214.28M
CashAndCashEquivalents35.01M124.01M68.51M73.22M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-47.12M-117.22M-134.81M-154.05M
RepaymentOfDebt-204.95M0.000.00-31.20M
IssuanceOfDebt98.27M66.52M33.23M96.06M
IssuanceOfCapitalStock161.55M0.000.000.00
CapitalExpenditure-798.00K-912.00K-3.44M-8.32M
InterestPaidSupplementalData15.63M20.68M10.85M3.19M
IncomeTaxPaidSupplementalData447.00K593.00K491.00K385.00K
EndCashPosition38.84M127.34M71.84M76.53M
BeginningCashPosition127.34M71.84M76.53M215.66M
ChangesInCash-88.51M55.51M-4.70M-139.13M
FinancingCashFlow55.50M67.87M43.65M72.90M
CashFlowFromContinuingFinancingActivities55.50M67.87M43.65M72.90M
NetOtherFinancingCharges-938.00K
ProceedsFromStockOptionExercised639.00K2.28M10.43M8.04M
NetPreferredStockIssuance161.55M0.000.000.00
PreferredStockIssuance161.55M0.000.000.00
NetCommonStockIssuance0.000.00149.09M
CommonStockIssuance0.000.00149.09M
NetIssuancePaymentsOfDebt-106.68M66.52M33.23M64.86M
NetLongTermDebtIssuance-106.68M66.52M33.23M64.86M
LongTermDebtPayments-204.95M0.000.00-31.20M
LongTermDebtIssuance98.27M66.52M33.23M96.06M
InvestingCashFlow-97.68M103.94M83.03M-66.30M
CashFlowFromContinuingInvestingActivities-97.68M103.94M83.03M-66.30M
NetInvestmentPurchaseAndSale-96.89M104.85M86.47M-57.97M
SaleOfInvestment125.08M261.43M258.75M203.18M
PurchaseOfInvestment-221.97M-156.58M-172.28M-261.15M
NetPPEPurchaseAndSale-798.00K-912.00K-3.44M-8.32M
PurchaseOfPPE-798.00K-912.00K-3.44M-8.32M
OperatingCashFlow-46.33M-116.30M-131.37M-145.73M
CashFlowFromContinuingOperatingActivities-46.33M-116.30M-131.37M-145.73M
ChangeInWorkingCapital2.20M-25.69M-773.00K-21.14M
ChangeInOtherWorkingCapital604.00K1.77M3.02M2.16M
ChangeInOtherCurrentLiabilities-1.91M-1.59M-1.35M-1.15M
ChangeInPayablesAndAccruedExpense-11.12M-10.78M267.00K-3.70M
ChangeInAccruedExpense-7.83M-8.83M-5.04M-2.42M
ChangeInInterestPayable-2.69M0.000.00-721.00K
ChangeInPayable-3.29M-1.95M5.31M-1.28M
ChangeInAccountPayable-3.29M-1.95M5.31M-1.28M
ChangeInPrepaidAssets-940.00K784.00K739.00K-1.22M
ChangeInInventory11.79M-10.86M1.65M-14.73M
ChangeInReceivables3.77M-5.01M-5.09M-2.51M
ChangesInAccountReceivables3.77M-5.01M-5.09M-2.51M
OtherNonCashItems4.34M4.01M3.10M1.50M
StockBasedCompensation15.62M29.36M38.63M27.20M
ProvisionandWriteOffofAssets3.39M2.94M917.00K2.65M
AmortizationOfSecurities-2.25M-4.72M-6.37M449.00K
DepreciationAmortizationDepletion4.34M5.73M5.81M5.17M
DepreciationAndAmortization4.34M5.73M5.81M5.17M
Depreciation5.16M
OperatingGainsLosses7.69M53.00K106.00K1.41M
GainLossOnSaleOfPPE5.00K53.00K106.00K39.00K
NetIncomeFromContinuingOperations-81.65M-127.98M-172.80M-162.96M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for OM
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status