📊 OMER Key Takeaways
Is Omeros Corp. (OMER) a Good Investment?
Omeros faces critical solvency challenges with negative stockholders equity of -$63.3M and insufficient cash reserves ($1.9M) relative to operational cash burn (-$14.5M). Core business operations are deeply unprofitable with $17.4M operating losses on only $9.9M revenue, while the positive net income appears driven by non-operating gains masking fundamental operational distress. With minimal liquidity runway and substantial debt obligations ($87.9M), the company faces imminent refinancing pressures and potential dilutive capital raises.
Despite ~$80M in revenue, Omeros posts very large operating losses and deeply negative free cash flow, leading to negative equity and weak interest coverage. A small cash balance relative to burn implies a short runway and a high probability of dilutive or costly financing. The improved net loss appears driven by non-operating items rather than sustainable operating performance.
Omeros Corp. Key Strengths (OMER)
- Positive net income of $56.1M suggests access to non-operating gains or strategic asset monetization
- Total assets of $286.2M provide some balance sheet cushion for potential restructuring
- Current ratio of 3.03x indicates near-term working capital for immediate obligations
- Established revenue base (~$80M) in a typically pre-revenue sector
- Strong current and quick ratios indicating near-term liquidity coverage
- Minimal capital expenditure requirements
OMER Stock Risks: Omeros Corp. Investment Risks
- Negative stockholders equity of -$63.3M indicates technical insolvency and balance sheet deterioration
- Critical cash burn: $1.9M cash with -$14.5M annual operating cash flow creates 1-2 month runway risk
- Operations unviable: -$176.1% operating margin with $9.9M revenue insufficient to support $17.4M operating losses
- Debt servicing unsustainable: $87.9M debt cannot be supported by negative operating cash flow; interest coverage of -0.8x
- Non-operating gains masking operational failure and likely unsustainable in future periods
- High probability of dilutive equity financing, covenant violations, or restructuring
- Severe operating losses and -$116M operating cash outflow indicate unsustainable burn
- Negative stockholders’ equity and -5.7x interest coverage signal solvency risk
- Small cash balance versus burn implies imminent financing need and dilution risk
Key Metrics to Watch
- Quarterly cash balance trend and burn rate - watch for sub-$1M threshold indicating imminent crisis
- Operating cash flow recovery (currently -$14.5M) - must turn positive for viability
- Revenue growth and operating margin improvement - currently unprofitable core business
- Debt refinancing announcements - essential given negative equity and cash burn trajectory
- Form 8-K filings for material events - likely restructuring, dilutive financing, or bankruptcy risks
- Operating cash flow (burn rate)
- Cash and equivalents (liquidity runway)
Omeros Corp. (OMER) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 3.03x current ratio provides a solid financial cushion.
OMER Profit Margin, ROE & Profitability Analysis
OMER vs Healthcare Sector: How Omeros Corp. Compares
How Omeros Corp. compares to Healthcare sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Omeros Corp. Stock Overvalued? OMER Valuation Analysis 2026
Based on fundamental analysis, Omeros Corp. has mixed fundamental signals relative to the Healthcare sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Omeros Corp. Balance Sheet: OMER Debt, Cash & Liquidity
OMER Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Omeros Corp.'s revenue has grown significantly by 169% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.88 indicates the company is currently unprofitable.
OMER Revenue Growth, EPS Growth & YoY Performance
OMER Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | N/A | -$33.5M | $-0.58 |
| Q3 2021 | $26.1M | -$22.7M | $-0.36 |
| Q2 2021 | $13.5M | -$28.6M | $-0.46 |
| Q1 2021 | $21.1M | -$29.0M | N/A |
| Q3 2020 | $26.1M | -$14.5M | N/A |
| Q2 2020 | $13.5M | -$14.5M | N/A |
| Q1 2020 | $21.8M | -$24.3M | N/A |
| Q3 2019 | $4.6M | -$14.5M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Omeros Corp. Dividends, Buybacks & Capital Allocation
OMER SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Omeros Corp. (CIK: 0001285819)
📋 Recent SEC Filings
❓ Frequently Asked Questions about OMER
What is the AI rating for OMER?
Omeros Corp. (OMER) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 87% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are OMER's key strengths?
Claude: Positive net income of $56.1M suggests access to non-operating gains or strategic asset monetization. Total assets of $286.2M provide some balance sheet cushion for potential restructuring. ChatGPT: Established revenue base (~$80M) in a typically pre-revenue sector. Strong current and quick ratios indicating near-term liquidity coverage.
What are the risks of investing in OMER?
Claude: Negative stockholders equity of -$63.3M indicates technical insolvency and balance sheet deterioration. Critical cash burn: $1.9M cash with -$14.5M annual operating cash flow creates 1-2 month runway risk. ChatGPT: Severe operating losses and -$116M operating cash outflow indicate unsustainable burn. Negative stockholders’ equity and -5.7x interest coverage signal solvency risk.
What is OMER's revenue and growth?
Omeros Corp. reported revenue of $9.9M.
Does OMER pay dividends?
Omeros Corp. does not currently pay dividends.
Where can I find OMER SEC filings?
Official SEC filings for Omeros Corp. (CIK: 0001285819) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is OMER's EPS?
Omeros Corp. has a diluted EPS of $0.62.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is OMER's fundamental grade?
Based on our AI fundamental analysis in May 2026, Omeros Corp. has a D grade with 87% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is OMER stock overvalued or undervalued?
Valuation metrics for OMER: ROE of N/A (sector avg: 15%), net margin of 566.7% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is OMER's AI grade for 2026?
Our dual AI analysis gives Omeros Corp. a combined D grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is OMER's free cash flow?
Omeros Corp.'s operating cash flow is $-14.5M, with capital expenditures of $0.0. FCF margin is -146.6%.
How does OMER compare to other Healthcare stocks?
Vs Healthcare sector averages: Net margin 566.7% (avg: 12%), ROE N/A (avg: 15%), current ratio 3.03 (avg: 2).