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OmniAb, Inc. (OABI) 10-Year Financial Performance & Capital Metrics

OABI • • Industrial / General
HealthcareBiotechnologyPlatform & Technology CompaniesAntibody Discovery Platforms
AboutOmniAb, Inc., a biotechnology company, provides therapeutic antibody discovery technologies in the United States. The company's discovery platform provides industry partners access to the diverse antibody repertoires and screening technologies to enable discovery of next-generation therapeutics. Its OmniAb platform is the biological intelligence of proprietary transgenic animals, including OmniRat, OmniChicken, and OmniMouse that have been genetically modified to generate antibodies with human sequences to facilitate development of human therapeutic candidates. The company's OmniFlic (transgenic rat) and OmniClic (transgenic chicken) address industry needs for bispecific antibody applications though a common light chain approach, and OmniTaur that features unique structural attributes of cow antibodies for complex targets. The company was founded in 2012 and is headquartered in Emeryville, California.Show more
  • Revenue $26M -22.8%
  • EBITDA -$51M -2.0%
  • Net Income -$62M -22.5%
  • EPS (Diluted) -0.61 -19.6%
  • Gross Margin 100%
  • EBITDA Margin -192.94% -32.0%
  • Operating Margin -282.3% -38.9%
  • Net Margin -235.05% -58.6%
  • ROE -20.6% -33.5%
  • ROIC -18.41% -16.3%
  • Debt/Equity 0.08 -0.9%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y7.58%
3Y-8.76%
TTM3.36%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-1.03%

EPS CAGR

10Y-
5Y-
3Y-
TTM6.45%

ROCE

10Y Avg-12.69%
5Y Avg-14.21%
3Y Avg-16.31%
Latest-22.49%

Peer Comparison

Antibody Discovery Platforms
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NAGENiagen Bioscience Inc503.58M6.3157.3619.18%16.38%28.91%2.37%0.06
BTXBlackRock Technology and Private Equity Term Trust808.8M6.9340.76-81.13%87.75%1.87%34.27%
HALOHalozyme Therapeutics, Inc.8.45B71.8220.9422.44%47.91%118.17%5.55%4.14
RPRXRoyalty Pharma plc16.97B39.7220.80-3.86%32.55%7.95%16.32%0.74
REGNRegeneron Pharmaceuticals, Inc.76.63B741.9219.358.27%32.13%14.79%4.78%0.09
GMABGenmab A/S20.85B33.852.7930.67%46.8%114.25%36.37%0.03
DNAGinkgo Bioworks Holdings, Inc.464.86M9.58-0.91-9.71%-188%-60.66%0.65
PRMEPrime Medicine, Inc.720.24M3.99-2.42-33.02%-121.95%0.27

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+18.32M23.27M34.75M59.08M34.16M26.39M
Revenue Growth %-0.27%0.49%0.7%-0.42%-0.23%
Cost of Goods Sold+000000
COGS % of Revenue------
Gross Profit+18.32M23.27M34.75M59.08M34.16M26.39M
Gross Margin %1%1%1%1%1%1%
Gross Profit Growth %-0.27%0.49%0.7%-0.42%-0.23%
Operating Expenses+31.34M48.89M70.36M85.72M103.58M100.89M
OpEx % of Revenue1.71%2.1%2.02%1.45%3.03%3.82%
Selling, General & Admin8.65M10.22M16.95M24.9M33.31M30.74M
SG&A % of Revenue0.47%0.44%0.49%0.42%0.98%1.16%
Research & Development13.21M24.8M39.23M48.36M56.52M55.11M
R&D % of Revenue0.72%1.07%1.13%0.82%1.65%2.09%
Other Operating Expenses9.49M13.87M14.18M12.46M13.74M15.04M
Operating Income+-13.03M-25.62M-35.61M-26.65M-69.42M-74.5M
Operating Margin %-0.71%-1.1%-1.02%-0.45%-2.03%-2.82%
Operating Income Growth %--0.97%-0.39%0.25%-1.61%-0.07%
EBITDA+-2.43M-13M-19.36M-8.4M-49.92M-50.92M
EBITDA Margin %-0.13%-0.56%-0.56%-0.14%-1.46%-1.93%
EBITDA Growth %--4.34%-0.49%0.57%-4.94%-0.02%
D&A (Non-Cash Add-back)10.59M12.63M16.25M18.25M19.5M23.58M
EBIT-13.85M-23.55M-34.34M-26.65M-69.42M-74.5M
Net Interest Income+0-5K-7K587K5.05M3.11M
Interest Income000587K5.05M3.11M
Interest Expense05K7K000
Other Income/Expense01.9M1.26M587K5.06M3.09M
Pretax Income+-13.03M-23.73M-34.35M-26.06M-64.36M-71.41M
Pretax Margin %-0.71%-1.02%-0.99%-0.44%-1.88%-2.71%
Income Tax+562K-6.17M-7.31M-3.73M-13.74M-9.38M
Effective Tax Rate %1.04%0.74%0.79%0.86%0.79%0.87%
Net Income+-13.59M-17.56M-27.04M-22.33M-50.62M-62.03M
Net Margin %-0.74%-0.75%-0.78%-0.38%-1.48%-2.35%
Net Income Growth %--0.29%-0.54%0.17%-1.27%-0.23%
Net Income (Continuing)-13.59M-17.56M-27.04M-22.33M-50.62M-62.03M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.12-0.15-0.24-0.26-0.51-0.61
EPS Growth %--0.25%-0.6%-0.08%-0.96%-0.2%
EPS (Basic)-0.12-0.15-0.24-0.26-0.51-0.61
Diluted Shares Outstanding114.82M114.82M114.82M85.32M99.68M102.36M
Basic Shares Outstanding114.82M114.82M114.82M85.32M99.68M102.36M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+7.79M16.65M22.54M124.95M94.9M68.14M
Cash & Short-Term Investments00088.27M86.98M59.43M
Cash Only00033.39M16.36M27.6M
Short-Term Investments00054.88M70.63M31.84M
Accounts Receivable7.77M15.88M21.14M30.29M3.84M5.27M
Days Sales Outstanding154.9249.03222.02187.1441.0772.91
Inventory000000
Days Inventory Outstanding------
Other Current Assets21K774K1.41M6.39M4.07M3.43M
Total Non-Current Assets+254.53M278.73M281.92M296.26M280.32M257.42M
Property, Plant & Equipment4.32M5.98M20.13M41.46M38.13M33.28M
Fixed Asset Turnover4.24x3.89x1.73x1.42x0.90x0.79x
Goodwill77.11M83.98M83.98M83.98M83.98M83.98M
Intangible Assets172.98M186.64M176.32M167.24M155.47M138.06M
Long-Term Investments000000
Other Non-Current Assets115K2.13M1.5M3.58M2.75M2.1M
Total Assets+262.32M295.38M304.46M421.21M375.23M325.56M
Asset Turnover0.07x0.08x0.11x0.14x0.09x0.08x
Asset Growth %-0.13%0.03%0.38%-0.11%-0.13%
Total Current Liabilities+6.14M14.28M20.58M26.02M23.12M15.09M
Accounts Payable806K469K2.92M2.97M4.41M2.3M
Days Payables Outstanding------
Short-Term Debt000000
Deferred Revenue (Current)01000K1000K1000K1000K1000K
Other Current Liabilities4.55M3.79M4.92M8.18M7.8M6.67M
Current Ratio1.27x1.17x1.10x4.80x4.11x4.52x
Quick Ratio1.27x1.17x1.10x4.80x4.11x4.52x
Cash Conversion Cycle------
Total Non-Current Liabilities+38M45.57M49.58M53.82M37.52M22.85M
Long-Term Debt000000
Capital Lease Obligations2.27M2.01M13.27M24.02M22.07M19.38M
Deferred Tax Liabilities028.93M21.96M21.34M11.35M2.31M
Other Non-Current Liabilities35.72M6.4M5.12M4.13M3.23M1.04M
Total Liabilities44.13M59.84M70.16M79.84M60.64M37.94M
Total Debt+2.58M2.59M13.85M25.8M25.56M23.16M
Net Debt2.58M2.59M13.85M-7.59M9.2M-4.43M
Debt / Equity0.01x0.01x0.06x0.08x0.08x0.08x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage--5124.60x-5087.00x---
Total Equity+218.19M235.54M234.31M341.37M314.58M287.62M
Equity Growth %-0.08%-0.01%0.46%-0.08%-0.09%
Book Value per Share1.902.052.044.003.162.81
Total Shareholders' Equity218.19M235.54M234.31M341.37M314.58M287.62M
Common Stock218.19M0012K12K12K
Retained Earnings00011.25M-39.37M-101.4M
Treasury Stock000000
Accumulated OCI0009K50K27K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-5.2M3.62M-5.67M-3.59M2.35M-39.66M
Operating CF Margin %-0.28%0.16%-0.16%-0.06%0.07%-1.5%
Operating CF Growth %-1.7%-2.57%0.37%1.65%-17.9%
Net Income-13.59M-17.56M-27.04M-22.33M-50.62M-62.03M
Depreciation & Amortization10.92M13.14M16.25M18.25M19.5M23.58M
Stock-Based Compensation6.66M9.16M15.06M18.32M24.82M21.5M
Deferred Taxes557K-6.18M-7.33M-6.42M-12.54M-9.04M
Other Non-Cash Items-818K331K9K-572K-3.68M-3.5M
Working Capital Changes-8.92M4.73M-2.63M-10.83M24.87M-10.17M
Change in Receivables-4.29M339K6.02M-12.74M26.9M-625K
Change in Inventory00-1.51M000
Change in Payables001.51M15.07M920K-2.41M
Cash from Investing+-12.1M-26.98M-4.03M-73.31M-18.38M37.88M
Capital Expenditures-255K-1.75M-4.07M-17.17M-1.64M-1.88M
CapEx % of Revenue0.01%0.08%0.12%0.29%0.05%0.07%
Acquisitions------
Investments------
Other Investing01.9M-1.22M-1.44M-4.44M-400K
Cash from Financing+17.29M23.36M9.7M110.74M-892K13.02M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing17.29M23.36M9.7M14.5M-892K1.65M
Net Change in Cash------
Free Cash Flow+-5.45M1.87M-9.74M-20.75M703K-41.54M
FCF Margin %-0.3%0.08%-0.28%-0.35%0.02%-1.57%
FCF Growth %-1.34%-6.22%-1.13%1.03%-60.09%
FCF per Share-0.050.02-0.08-0.240.01-0.41
FCF Conversion (FCF/Net Income)0.38x-0.21x0.21x0.16x-0.05x0.64x
Interest Paid000000
Taxes Paid00002.61M16K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-6.23%-7.74%-11.51%-7.76%-15.43%-20.6%
Return on Invested Capital (ROIC)-4.43%-8.38%-10.98%-6.87%-15.84%-18.41%
Gross Margin100%100%100%100%100%100%
Net Margin-74.18%-75.46%-77.82%-37.8%-148.16%-235.05%
Debt / Equity0.01x0.01x0.06x0.08x0.08x0.08x
Interest Coverage--5124.60x-5087.00x---
FCF Conversion0.38x-0.21x0.21x0.16x-0.05x0.64x
Revenue Growth-27.02%49.34%70.02%-42.17%-22.75%

Revenue by Segment

202220232024
Service18.78M12.18M11.95M
Service Growth--35.16%-1.90%
Royalty1.37M1.28M576K
Royalty Growth--6.00%-55.18%
Milestone33.87M--
Milestone Growth---
License5.05M--
License Growth---

Frequently Asked Questions

Growth & Financials

OmniAb, Inc. (OABI) reported $21.1M in revenue for fiscal year 2024. This represents a 15% increase from $18.3M in 2019.

OmniAb, Inc. (OABI) saw revenue decline by 22.8% over the past year.

OmniAb, Inc. (OABI) reported a net loss of $63.7M for fiscal year 2024.

Dividend & Returns

OmniAb, Inc. (OABI) has a return on equity (ROE) of -20.6%. Negative ROE indicates the company is unprofitable.

OmniAb, Inc. (OABI) had negative free cash flow of $35.3M in fiscal year 2024, likely due to heavy capital investments.

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