What is Glaukos's debt conversion inducement expense?

Glaukos (GKOS) reported debt conversion inducement expense of $18.01M in Q2 2024.

What does debt conversion inducement expense mean?

Costs associated with incentivizing holders of convertible debt to convert their holdings into equity before the scheduled maturity date. This typically involves offering additional shares or cash payments to accelerate the conversion process.

Glaukos GKOS Debt conversion inducement expense

Debt conversion inducement expense at other companies

Ionis PharmaceuticalsIONS

$4.09M—

GlaukosGKOS

$18.01M—

Ionis PharmaceuticalsIONS

$4.09M—

AST SpaceMobileASTS

$88.65M—

Royal Caribbean GroupRCL

$0-100%

Oscar HealthOSCR

$3.33M—

Other financials

Income statement

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Revenue$150.6M+41.2%

Gross profit$117.2M+42.4%

Operating income-$19.9M+4.0%

Net income-$19.8M-9.0%

EPS (diluted)-$0.34-6.3%

Balance sheet

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Cash & equivalents$104.2M-8.8%

Total debt$105.9M-1.7%

Total equity$670.9M-12.2%

Total assets$893.3M-7.5%

Cash flow

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Operating cash flow-$12.5M+32.4%

CapEx$4.0M+104%

Free cash flow-$16.5M+19.4%

Valuation

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Market cap$7.68B+12.3%

Enterprise value$7.68B+12.5%

P/S13.9×-3.0×

Profitability

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Gross margin78.1%+2.3pp

Operating margin-36.1%+24.3pp

Net margin-34.3%+4.8pp

FCF margin-13.2%-3.9pp

Returns & leverage

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Return on equity-26.4%+11.1pp

Debt / equity0.2×0.0×

Current ratio5.4×-1.1×

Where this comes from

Reported directly by Glaukos in its filing.

Tagged under the XBRL concept us-gaap:InducedConversionOfConvertibleDebtExpense.

The official record: Glaukos’s 10-Q, filed August 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Glaukos's debt conversion inducement expense?: Glaukos (GKOS) reported debt conversion inducement expense of $18.01M in Q2 2024.
What does debt conversion inducement expense mean?: Costs associated with incentivizing holders of convertible debt to convert their holdings into equity before the scheduled maturity date. This typically involves offering additional shares or cash payments to accelerate the conversion process.