Outset Medical, Inc. (OM) Stock Price & Analysis
Outset Medical, Inc. (OM) closed at USD 4.34 on Wednesday, October 28, 2026, up 0.00% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 4.34; the Oct 28, 2026 session ranged USD 4.16–4.4 on volume of 37,541 shares. Market capitalization is —, with a 52-week range of USD 2.84–14.25 (NMS). Source: Nexqual, retrieved October 29, 2026 at 07:10 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OM.md
Key facts (OM)
- Last four reported quarters (through Jun 30, 2026): revenue $118M, net income -$74.3M (-63.1% margin), free cash flow -$38.9M (SEC filings).
- Total return with dividends: 1Y -67.8%.
- Next earnings: 2026-11-04, EPS estimate USD -0.69, revenue estimate $31.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $103M | $115M | $130M | $114M | $119M | $118M |
| Gross profit | $7.6M | $17.8M | $29.0M | $38.6M | $46.8M | — |
| Operating income | -$131M | -$161M | -$170M | -$113M | -$66.7M | -$66.0M |
| Net income | -$132M | -$163M | -$173M | -$128M | -$81.7M | -$74.3M |
| EPS (diluted) | -$43.35 | -$50.70 | -$52.28 | -$36.96 | -$5.37 | — |
| Free cash flow | -$133M | -$154M | -$135M | -$117M | -$47.1M | -$38.9M |
| Gross margin | 7.4% | 15.5% | 22.2% | 33.9% | 39.1% | — |
| Operating margin | -127.2% | -139.6% | -130.2% | -99.7% | -55.8% | -56.1% |
| Net margin | -128.6% | -141.2% | -132.5% | -112.6% | -68.3% | -63.1% |
| Revenue growth | +105.5% | +12.4% | +13.0% | -12.8% | +5.1% | — |
| Cash + short-term investments | $340M | $288M | $203M | $159M | $169M | — |
| Total debt | $29.8M | $101M | $130M | $197M | $96.2M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (OM)
Total return (dividends reinvested) (OM)
| 1Y (from 2025-10-29) | |
|---|---|
| Total return | -67.8% |
| S&P 500 (SPY) | — |
| Per year | -67.9% |
| Volatility (annualized) | 110.4% |
| Max drawdown | -78.0% (Oct 2025→Sep 2026) |
OM earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.80 | −$0.72 | Miss −11.1% | — |
| — | Quarter ended Mar 31, 2026 | −$0.83 | −$0.79 | Miss −5.1% | — |
| — | Quarter ended Dec 31, 2025 | −$0.84 | −$0.67 | Miss −25.4% | — |
| — | Quarter ended Sep 30, 2025 | −$0.69 | −$0.65 | Miss −6.2% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
OM recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 6, 2026 | Schedule 13G/A | BML Investment Partners, L.P.: 14.7% of shares, passive 5%+ holder (amended) |
| Aug 28, 2026 | 8-K | Director or executive officer change, or pay arrangement “On August 27, 2026, John Brottem informed Outset Medical, Inc. (the "Company") of his decision to depart from the Company and his role as General Counsel, effective September 11, 2026, to pursue other professional opportunities. Mr. Brottem's departure is not due to any dispute or disagreement with the Company or its management.” |
| Aug 12, 2026 | Schedule 13G/A | BANK OF AMERICA CORP /DE/: 3.5% of shares, passive 5%+ holder (amended) |
| Aug 12, 2026 | Schedule 13G | AQR Capital Management, LLC, AQR Capital Management Holdings, LLC: 5.4% of shares, passive 5%+ holder |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 6, 2026 | 8-K | Quarterly results |
| Jul 29, 2026 | Schedule 13G/A | BlackRock, Inc.: 2.0% of shares, passive 5%+ holder (amended) |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
OM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.69 | $-0.62 | −$0.07 | $31.4M | 3 |
| Next quarter (ends Dec 2026) | $-0.69 | $-0.73 | +$0.03 | $35.0M | 3 |
| Current fiscal year (ends Dec 2026) | $-3.08 | $-2.89 | −$0.19 | $126.0M | 3 |
| Next fiscal year (ends Dec 2027) | $-2.29 | $-2.18 | −$0.11 | $139.1M | 3 |
Key Statistics (as of October 29, 2026 at 07:10 UTC)
| Price | USD 4.34 |
|---|---|
| Change | ▲ 0.00% (up) |
| Previous Close | USD 4.34 |
| Open | USD 4.34 |
| Day Range | USD 4.16 – 4.4 |
| 52-Week Range | USD 2.84 – 14.25 |
| Volume | 37,541 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (OM)
Nexqual's technical model rates OM "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 29, 2026 at 07:10 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 63.24 (neutral) |
| vs SMA50 | Above (USD 3.74) |
| MACD | 0.16 (positive) |
Earnings (OM)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD -0.69 |
| Revenue Estimate | $31.40M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.8 vs est -0.72 ▼ miss |
| 2026-03-31 | USD -0.83 vs est -0.79 ▼ miss |
| 2025-12-31 | USD -0.84 vs est -0.68 ▼ miss |
| 2025-09-30 | USD -0.69 vs est -0.66 ▼ miss |
Source: Nexqual, October 29, 2026 at 07:10 UTC.
Financials & Fundamentals (OM)
| Total Revenue | $117.80M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.70% |
| Gross Margin | +41.76% |
| Operating Margin | -49.55% |
| Profit Margin | -63.06% |
| ROE | -59.17% |
| Debt / Equity | 1.08 |
| Current Ratio | 5.19 |
| Total Cash | $147.19M |
| Total Debt | $104.45M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$38.88M (-33.0% of revenue) |
Source: Nexqual, October 29, 2026 at 07:10 UTC.
Financial Health Score (OM)
Nexqual rates Outset Medical, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 07:10 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 42%, operating -56% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Mixed — $147M cash and investments vs $98M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$39M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -77%, ROA -30.6% (last 4 quarters, SEC) |
Ownership (OM)
| Insider Ownership | +5.46% |
|---|---|
| Institutional Ownership | +74.97% |
| Shares Outstanding | 18.80M |
| Float | 14.53M |
| Short % of Float | +6.71% |
Source: Nexqual, October 29, 2026 at 07:10 UTC.
From Outset Medical, Inc.'s Latest SEC 10-K Filing (filed 2026-02-13)
Key Strengths & Strategy (as disclosed to the SEC)
- Our success depends in part on our ability to protect our proprietary technology and intellectual property rights.
- We control access to our proprietary technology by entering into confidentiality and invention assignment agreements with our employees and contractors, and confidentiality agreements with third parties.
- Our proprietary data ecosystem provides what we believe is a unique way of connecting providers and patients for real-time treatment monitoring, automated treatment documentation, and simplified compliance and record-keeping.
- Class I includes devices with the lowest risk to the patient and are those for which safety and effectiveness can be assured by adherence to the FDA's General Controls for medical devices, which include compliance with the applicable portions of the Quality System Regulation (QSR), facility registration and product listing, reporting of adverse medical events, and truthful and non-misleading labeling, advertising, and promotional materials.
Partnerships
- We are operating in Mexico in collaboration with TACNA Services (TACNA), a well-known outsourced business administration service provider that provides all the back-office and facility infrastructure support, allowing us to focus on our core competencies – design and high-volume manufacturing for reliability and cost reduction.
- Pursuant to the terms of our manufacturing services agreement with TACNA (the TACNA Agreement), TACNA provides support services in connection with our manufacturing activities in Mexico.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes to the reimbursement rates for dialysis treatments and measures to reduce healthcare costs may adversely impact our business.
- The continuing efforts of the government, insurance companies, managed care organizations and other payors of healthcare services to contain or reduce costs of healthcare may harm our ability to set a price that we believe is fair for Tablo, our ability to generate revenue and achieve or maintain profitability, and the availability of capital.
- The FDA can also publish Safety Communications or Letters to Health Care Providers when the agency becomes aware of new issues involving a specific product or, or more broadly, a product family.
- Our products may cause or contribute to adverse medical events or be subject to failures or malfunctions that we are required to report to the FDA, and if we fail to do so, we would be subject to sanctions that could harm our reputation, business, financial condition and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:10 UTC. This page is informational and not investment advice.
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