OmniAb, Inc. OABI
OmniAb, Inc. licenses cutting-edge discovery research technology to pharmaceutical and biotech companies and academic institutions to enable the discovery of next-generation therapeutics. Our technology platform creates and screens diverse antibody repertoires and is designed to quickly identify optimal antibodies and other target-binding proteins for our partners' drug development efforts. At the heart of the OmniAb platform is what we call Biological IntelligenceTM, which powers the immune systems of our proprietary, engineered transgenic animals to create optimized antibody candidates for human therapeutics.
We believe the OmniAb animals comprise the most diverse host systems available in the industry. Our suite of technologies and methods, including computational antigen design and immunization methods, paired with high-throughput single B cell phenotypic screening and mining of next-generation sequencing datasets with custom algorithms, are used to identify fully human antibodies with exceptional performance and developability characteristics. We provide our partners both integrated end-to-end capabilities and highly customizable offerings, which address critical industry challenges and provide optimized discovery solutions. Our business model aligns our interests with the scientific and economic interests of our partners through structured platform license agreements that generally include upfront or annual access fees, service revenue, milestones and royalties on commercial sales.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $18.7M | $26.4M | $34.2M | $59.1M | $34.7M | — |
| R&D | $47.8M | $55.1M | $56.5M | $48.4M | $39.2M | — |
| SG&A | $29.2M | $30.7M | $33.3M | $24.9M | $16.9M | — |
| Total operating expenses | $87.6M | $100.9M | $103.6M | $85.7M | $70.4M | — |
| Operating income | -$69.0M | -$74.5M | -$69.4M | -$26.6M | -$35.6M | — |
| Interest expense | — | — | — | $0 | $7.0K | — |
| Pre-tax income | -$66.3M | -$71.4M | -$64.4M | -$26.1M | -$34.4M | — |
| Income tax | $1.5M | $9.4M | $13.7M | $3.7M | $7.3M | — |
| Net income | -$64.8M | -$62.0M | -$50.6M | -$22.3M | -$27.0M | — |
| EPS, basic | -0.57 | -0.61 | -0.51 | -0.26 | -0.33 | — |
| EPS, diluted | -0.57 | -0.61 | -0.51 | -0.26 | -0.33 | — |
| Shares, diluted (wtd. avg.) | $113.6M | $102.4M | $99.7M | $82.6M | $82.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $25.5M | $27.6M | $16.9M | $33.8M | $0 | $0 |
| Short-term investments | $28.5M | $31.8M | $70.6M | $54.9M | $0 | — |
| Receivables | $7.4M | $5.3M | $3.8M | $30.3M | $21.1M | — |
| Inventory | $823.0K | $48.0K | — | — | — | — |
| Total current assets | $65.3M | $68.1M | $94.9M | $100.3M | $22.5M | — |
| Property, plant and equipment | $9.4M | $15.5M | $18.2M | $19.9M | $6.8M | — |
| Goodwill | $84.0M | $84.0M | $84.0M | $84.0M | $84.0M | — |
| Other intangibles | $125.1M | $138.1M | $155.5M | $166.2M | $176.3M | — |
| Total assets | $300.9M | $325.6M | $375.2M | $393.1M | $304.5M | — |
| Accounts payable | $1.9M | $2.3M | $4.4M | $473.0K | $2.9M | — |
| Total current liabilities | $16.3M | $15.1M | $23.1M | $12.3M | $20.6M | — |
| Total liabilities | $33.9M | $37.9M | $60.6M | $67.1M | $70.2M | — |
| Retained earnings | -$166.2M | -$101.4M | -$39.4M | $11.3M | $0 | — |
| Total equity | $267.0M | $287.6M | $314.6M | $341.4M | $234.3M | $235.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$36.5M | -$39.7M | $2.3M | -$3.6M | -$5.7M | — |
| Depreciation and amortisation | $21.8M | $23.6M | $19.5M | $18.2M | $16.3M | — |
| Stock-based compensation | $15.8M | $21.5M | $24.8M | $18.3M | $15.1M | — |
| Capital expenditure | $565.0K | $1.9M | $1.6M | $17.2M | $4.1M | — |
| Investing cash flow | $6.5M | $37.9M | -$18.4M | -$73.3M | -$4.0M | — |
| Financing cash flow | $27.9M | $13.0M | -$892.0K | $110.7M | $9.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001846253-26-000009.
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