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Ocular Therapeutix

OCUL

Ocular Therapeutix is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye.

Market cap
$1.89B+1.9%
Revenue$52.0M-12.8%
Net income-$290.5M-50.7%
Free cash flow-$240.9M-62.3%
EPS (diluted)-$1.44-26.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$13.2M
EPS estimate-$0.40

Financials

Q1 2026

Income statement

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Revenue$10.8M+0.8%
Gross profit$9.5M+0.2%
Operating income-$93.3M-46.0%
Net income-$88.6M-38.3%
EPS (diluted)-$0.40-5.3%

Balance sheet

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Cash & equivalents$666.7M+90.7%
Total debt$79.5M+4.2%
Total equity$581.6M+119%
Total assets$732.5M+80.5%

Cash flow

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Operating cash flow-$66.0M-47.7%
CapEx$4.7M+141%
Free cash flow-$70.7M-51.6%

Valuation & ratios

Valuation

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Market cap$1.89B+1.9%
Enterprise value$1.3B-19.0%
P/S36.4×+2.4×

Profitability

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Gross margin87.2%-3.4pp
Operating margin-575.4%+1,233pp
Net margin-558.2%+1,493pp
FCF margin-463%+2,860pp

Returns & leverage

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Return on equity-68.6%+17.0pp
Debt / equity0.1×-0.2×
Current ratio14.8×+4.6×

Segments

By segment

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Single Reportable$10.8M+0.8%

Competitors

Profile

Ocular Therapeutix is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye. The company leverages its proprietary hydrogel platform technology to create sustained-release drug delivery systems that aim to replace traditional topical eye drops with more effective, physician-administered treatments.

Competitive position

The company is a specialized player in the ophthalmic drug delivery space, transitioning from a device-focused firm to a pharmaceutical-led commercial entity with a focus on sustained-release technology.

GeographiesUnited States
Customer segmentsAmbulatory Surgical Centers, Hospital Outpatient Departments, Specialized Medical Practices
Business modelDirect-to-provider sales, Research and Development (R&D)
SuppliersHydrogel raw material suppliers, Active pharmaceutical ingredient (API) manufacturers, Contract research organizations (CROs)
CustomersAmbulatory surgical centers, Hospital outpatient departments, Retina specialists, Ophthalmic clinics
Listed2014
Employees267.0
CEOPravin U. Dugel
Websiteocutx.com
FilingsSEC EDGAR

Questions, answered.

What is Ocular Therapeutix's market cap?
Ocular Therapeutix (OCUL) has a market capitalization of $1.9B and trades on NASDAQ.
What is Ocular Therapeutix's revenue and profitability?
Ocular Therapeutix generated $52.0M in trailing twelve-month revenue with a net loss of $290.5M, representing a net margin of -558.2%. Gross margin stands at 87.2%, with free cash flow of -$240.9M. These figures are based on the Q1 2026 filing.
Who are Ocular Therapeutix's competitors?
Ocular Therapeutix's key competitors include Regeneron Pharmaceuticals, Bausch + Lomb, Alcon, and others. These companies compete in similar markets and product categories.
Where is Ocular Therapeutix headquartered?
Ocular Therapeutix is headquartered in United States of America and employs approximately 267 people. It has been publicly traded since 2014.