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OmniAb, Inc.

OABIHealthcareNASDAQ

Biotechnology · Last scanned Jun 2, 2026

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Financials · Annual
Revenue
$18.7M
-29.3% YoY
Net Income
-$64.8M
-4.4% YoY
EBITDA
-$47.2M
+7.3% YoY
Free Cash Flow
-$2.6M

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About OmniAb, Inc.

OmniAb, Inc., a biotechnology company, licenses discovery research technology to pharmaceutical and biotech companies, and academic institutions to enable the discovery of therapeutics in the United. At a $378.4M market cap, OmniAb, Inc. ranks as a small-cap company within healthcare. The company's technology platform creates and screens diverse antibody repertoires to identify optimal antibodies and other target-binding proteins for partners' drug development efforts.

Key stats
Market Cap$378.4M
Fwd P/E-8.09
EPS$-0.46
Beta0.62
52W Change+90.5%
ROE-20.3%
Analysis

The balance sheet looks solid with $49.1M in cash comfortably exceeding the $19.7M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow is running at -$2.6M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -20.2% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $59.1M (2022) to $18.7M (2025), a 68% decline worth watching.

With a beta below 0.7, OmniAb, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing OABI's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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