0001116463-26-000016
SEC filingOraSure Technologies, Inc. reported a net loss of $68.7 million for fiscal year 2025, driven by an operating loss of $72.0 million. Total revenue was $115.0 million, with a gross profit of $48.2 million, resulting in a gross margin of 41.9%. Operating expenses totaled $120.2 million, significantly exceeding gross profit, primarily due to high research and development ($42.5M), sales and marketing ($26.1M), and general and administrative ($47.7M) costs. The company generated negative operating cash flow of $49.0 million and ended the year with $84.0 million in cash and cash equivalents, a decrease of $68.5 million from the prior period. Basic and diluted earnings per share were -$1.00. The balance sheet shows total assets of $403.2 million and stockholders' equity of $340.8 million. No prior year comparative figures are provided in the source data for year-over-year analysis.
OraSure Technologies, Inc. reported a net loss of $68.7 million for fiscal year 2025, compared to a net loss of $68.7 million in the prior year (no prior year figure provided for comparison). Total revenue was $115.0 million, with cost of products and services sold at $66.8 million, resulting in a gross profit of $48.2 million. Operating expenses totaled $120.2 million, leading to an operating loss of $72.0 million. Other income of $7.4 million and a loss on equity investment of $2.3 million contributed to the net loss. Basic and diluted earnings per share were -$1.00, based on 73.5 million weighted average shares outstanding. The company's cash position decreased significantly during the year.
Total revenue for fiscal year 2025 was $115.0 million. The document does not provide segment breakdowns, geographic mix, or specific growth drivers for revenue. All revenue-related figures are consolidated totals without further disaggregation in the provided data. The cost of products and services sold was $66.8 million, resulting in a gross profit of $48.2 million. No comparative prior year revenue figures are available in the source data for trend analysis.
The gross margin for fiscal year 2025 was 41.9%, calculated from gross profit of $48.2 million on revenue of $115.0 million. Operating margin was -62.6%, reflecting the operating loss of $72.0 million relative to revenue. Operating expenses of $120.2 million included research and development ($42.5M), sales and marketing ($26.1M), and general and administrative ($47.7M) costs, along with a $4.6M change in contingent consideration valuation and a $725K gain on asset sales. The net loss margin was -59.7%. No prior period margin comparisons are available in the source data.
Net cash used in operating activities was $49.0 million, primarily due to the net loss of $68.7 million, adjusted for non-cash items including stock-based compensation ($10.1M) and depreciation ($10.2M). Investing activities used $6.8 million for business acquisitions ($3.6M) and property purchases ($4.2M), partially offset by asset sale proceeds ($1.0M). Financing activities used $16.9 million, mainly for stock repurchases ($15.0M). Cash decreased by $68.5 million to $84.0 million. The balance sheet shows total assets of $403.2 million, including current assets of $261.9M (cash $199.3M) and noncurrent assets of $141.3M. Total liabilities were $62.3M, with stockholders' equity of $340.8M.
The provided document content and XBRL data do not include any management guidance, strategic priorities, or specific risk factors for future periods. No forward-looking statements or outlook information is disclosed in the source material. The analysis is limited to the historical financial results for fiscal year 2025 as presented in the 10-K filing.