Filing Flows › OmniAb (OABI) › Q1 2025
OmniAb (OABI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
OmniAb (OABI) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -62% from the quarter before. Operating margin was -453.6%, net loss $18.2M (438.1% of revenue).
OmniAb, Q1 2025: revenue $4.2M (+9% year over year), operating margin -453.6%, net loss $18.2M, operating cash flow −$15.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2M | -62% | +9% |
| Operating profit | −$18.8M | — | — |
| Net earnings | −$18.2M | — | — |
| Operating cash flow | −$15.9M | — | — |
What changed
Revenue was $4.2M in Q1 2025, up 9% year over year and down 62% from the previous quarter. License and milestone revenue was the largest line at 49% of revenue. License and milestone revenue added $1.3M year over year (up 182%), 370% of the total change. Royalty revenue declined 41%.
Operating costs exceeded revenue by $18.8M, an operating margin of -453.6%. Total costs fell 13% while revenue rose 9%. The quarter ended with a net loss of $18.2M, wider than the previous quarter's $13.1M loss.
Operating cash flow was −$15.9M. Non-cash charges added back $4.7M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $6.6M. Capital expenditures of $209K exceeded it, leaving free cash flow of −$16.1M.
Questions
What was OmniAb's revenue in the first quarter 2025?
OmniAb (OABI) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -62% from the quarter before.
Was OmniAb profitable in the first quarter 2025?
Operating loss was $18.8M (-453.6% of revenue) and net loss $18.2M.
Source: OmniAb 10-Q on SEC EDGAR.