NASDAQ$OMER

Omeros Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Omeros reported a net loss and zero revenue in Q1 2025 while advancing regulatory and financial restructuring initiatives.

Omeros Corporation posted a net loss of $33.5 million in Q1 2025 with no reported revenue. The company focused its efforts on advancing the FDA review of narsoplimab and reducing near-term debt obligations through note exchanges and equity conversions.

  • Reported a net loss of $33.5 million, down from $37.2 million in Q1 2024.
  • No revenue was recognized for the quarter as OMIDRIA royalties go directly to DRI.
  • FDA accepted the resubmitted BLA for narsoplimab; decision expected by September 25, 2025.
  • Converted and exchanged significant portions of 2026 convertible notes, reducing near-term liabilities.

Headline financials

Total Revenue

$0.00

Previous: $388K-100.0%
EPS (adj)

-$0.58

Previous: -$0.63+7.9%
Short-Term Investments

$48.2M

No prior period
Total Operating Expenses

$35M

No prior period
Net Income from Discontinued Ops

$4.11M

No prior period
Weighted Avg Shares

58.1M

No prior period
Capital Expenditures

-$41K

Previous: -$58K+29.3%
Net Income

-$33.5M

Previous: -$37.2M+10.0%
Operating Income

-$35M

Previous: -$39M+10.4%

Revenue & EPS history

Omeros · Revenue · Quarterly

$0

Q1 2025-100%vs Q1 2024
Beat estimate in 1 of 4 quarters(25%)
ActualEstimate

Revenue by segment

Omeros · $31.9M total across 1 segment · Q4 2021

  • OMIDRIA royalties
    $31.9M

Forward guidance

The company is focused on securing FDA approval for narsoplimab and raising capital to resume paused programs.

Tailwinds

  • FDA accepted narsoplimab BLA resubmission with PDUFA date set for September 25, 2025.
  • European marketing authorization application for narsoplimab expected in Q2 2025.
  • Convertible note exchanges reduced short-term debt from $118M to $17M.
  • Clinical trials for zaltenibart in treatment-naïve PNH patients to continue.
  • Phase 1b OMS527 study for cocaine use disorder funded and beginning enrollment soon.

Headwinds

  • No revenue reported due to OMIDRIA royalties being remitted to DRI.
  • Cash and short-term investments fell by $37.7 million from the previous quarter.
  • Phase 3 zaltenibart PNH program paused due to capital constraints.
  • Expanded access program for narsoplimab suspended to cut costs.
  • Continued operating losses with limited income from discontinued operations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+2.3%

Avg return

Earnings day

+4.9%

Avg return

5 days after

+9.4%

Avg return

30 days after

42%

27 / 64 earnings

Positive

+64.2%

Q4 2019

Best reaction

-21.2%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-20.8%
Q4 2025+7.5%+3.1%+42.6%
Q3 2025+26.3%+30.9%+61.6%
Q1 2025-18.7%-21.3%-13.9%
Q4 2024-3.8%-14.1%-14.6%
Q3 2024+63.1%+39.0%+79.1%
Q2 2024-10.5%-2.1%-16.7%
Q1 2024-21.2%-21.4%-3.3%
Q4 2023-11.6%-0.6%-1.4%
Q3 2023-3.8%+14.6%+97.7%
Q2 2023-1.2%-6.1%-20.7%
Q1 2023+21.2%+14.2%+51.4%
Q4 2022+15.6%+8.6%+72.1%
Q3 2022-16.9%-10.9%-35.6%
Q2 2022+10.5%+5.6%-19.4%
Q1 2022-5.4%+15.9%-22.5%
Q4 2021-5.1%-11.2%-16.5%
Q3 2021+7.6%+10.1%+6.3%
Q2 2021+1.5%+4.4%+5.3%
Q1 2021+3.8%+2.5%-9.6%
Q4 2020+1.2%-7.3%-10.7%
Q3 2020+6.1%+11.3%+37.0%
Q2 2020+12.5%-4.0%-22.2%
Q1 2020-6.2%-12.0%-2.2%
Q4 2019+64.2%+51.8%+8.7%
Q3 2019+2.2%-3.9%-3.9%
Q2 2019+14.7%+20.6%+14.4%
Q1 2019+5.1%+0.9%-8.3%
Q4 2018+12.5%+9.2%+20.5%
Q3 2018-20.3%-22.2%-14.2%
Q2 2018-18.0%-4.7%+16.9%
Q1 2018+18.0%+45.0%+8.7%
Q4 2017-0.9%-0.1%+10.6%
Q3 2017+27.5%+33.1%+37.5%
Q2 2017+12.4%+5.9%-6.8%
Q1 2017-7.7%-6.4%-4.7%
Q4 2016-7.9%-2.9%+34.7%
Q3 2016+28.7%+45.8%+9.4%
Q2 2016+3.0%-7.9%-8.9%
Q1 2016-15.0%
Q4 2015+24.7%
Q3 2015-1.3%
Q2 2015-3.1%
Q1 2015+4.8%
Q4 2014-6.2%
Q3 2014+9.7%
Q2 2014-5.7%
Q1 2014-6.9%
Q4 2013-11.7%
Q3 2013-5.6%
Q2 2013-7.2%
Q1 2013+17.5%
Q4 2012-3.7%
Q3 2012-17.1%
Q2 2012-2.2%
Q1 2012-0.6%
Q4 2011-3.5%
Q3 2011-2.0%
Q2 2011+3.0%
Q1 2011-0.8%
Q4 2010-3.8%
Q3 2010-3.2%
Q2 2010-12.3%
Q1 2010-3.2%

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