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OCUL stock logo

OCUL

Ocular Therapeutix, Inc.

$8.46
0.3
 (3.68%)
Exchange:  NASDAQ
Market Cap:  1.853B
Shares Outstanding:  2.953M
Delayed data
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Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Healthcare
Industry:  Biotechnology
   
CEO:  Pravin U. Dugel
Full Time Employees:  274
Address: 
24 Crosby Drive
Bedford
MA
1730
US
Website:  https://www.ocutx.com
Ocular Therapeutix, Inc. is a biopharmaceutical company specializing in the creation, advancement, and commercialization of ophthalmic treatments. Their innovative approach leverages a proprietary bioresorbable hydrogel technology to address a range of eye diseases and conditions. The company currently offers two key products: ReSure Sealant, an ophthalmic device designed to prevent fluid leakage from corneal incisions after cataract surgery, and DEXTENZA, a dexamethasone-based ophthalmic insert used to manage post-surgical inflammation and pain in the eye, as well as to treat allergic conjunctivitis. In addition to their commercial offerings, Ocular Therapeutix is actively developing several product candidates in various clinical stages, including: OTX-TKI, an axitinib intravitreal implant in Phase 1 clinical trials for wet age-related macular degeneration (AMD) and other retinal diseases. OTX-TIC, a travoprost intracameral implant, currently in Phase 2 studies for open-angle glaucoma and ocular hypertension. OTX-CSI, a cyclosporine intracanalicular insert that has successfully completed Phase 2 clinical trials for dry eye disease. OTX-DED, a dexamethasone intracanalicular insert undergoing Phase 2 evaluation for the temporary relief of dry eye symptoms. Strategic partnerships are also a significant part of Ocular Therapeutix’s operations. This includes a collaboration with Regeneron Pharmaceuticals, Inc. focused on developing and commercializing products that combine Ocular Therapeutix’s sustained-release hydrogel technology with Regeneron’s large molecule VEGF-targeting compounds for retinal disease treatment. Another partnership with AffaMed Therapeutics Limited covers the development and commercialization of DEXTENZA and OTX-TIC. Additionally, a discovery-focused collaboration with Mosaic Biosciences aims to pinpoint novel targets and therapeutic agents for dry age-related macular degeneration (dAMD). Established in 2006, Ocular Therapeutix, Inc. maintains its headquarters in Bedford, Massachusetts.

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Revenue Segmentation

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EPS

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Earnings Call

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Earnings transcript

Read the complete earnings call transcript.

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Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2025/08/05 — Q2 quarter 2025

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue58,44363,72351,823
Gross Profit53,16258,09745,249
EBITDA-66,415-176,143-249,781
Operating Income-82,382-171,781-270,017
Net Income-80,736-193,506-265,939

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets252,060457,935808,057
Total Liabilities160,929142,591153,747
Total Stockholders Equity91,131315,344654,310
Total Debt83,38975,78376,968
Cash and Cash Equivalents195,807392,102737,060

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Cash Flow Statement

Year202320242025
Operating Cash Flow-70,234-134,677-204,883
Capital Expenditure-6,087-1,288-12,010
Free Cash Flow-76,321-135,965-216,893
Net Income-80,736-193,506-265,939
Net Change in Cash93,507196,145344,958

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Analyst Estimates

Fiscal Year2030Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)681,196.741Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)1,876,296.922Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)1,022,154Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)-1,479,145.538Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)-537,009.419Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)-805,797.052Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)100,956.863Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)371,895.290Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)178,253.892Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)1,104,069.667Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)3,041,063.460Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)1,656,686.180Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)0.950Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)1.990Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)0.540Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)3Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)2Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
63.723M  ?P/S
 (TTM)
: 
34.71
?Net Income
 (TTM)
: 
-193506000  ?P/E
 (TTM)
: 
-6.36
?Enterprise Value
 (TTM)
: 
1.219B  ?EV/FCF
 (TTM)
: 
-5.06
?Dividend Yield
 (TTM)
: 
0  ?Payout Ratio
 (TTM)
: 
0
?ROE
 (TTM)
: 
-0.65  ?ROIC
 (TTM)
: 
-0.44
?Net Debt
 (TTM)
: 
-316319000  ?Debt/Equity
 (TTM)
: 
0.14
?P/B
 (TTM)
: 
3.18  ?Current Ratio
 (TTM)
: 
14.81

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Forward P/E Ratios

?

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Forward P/E 1YFull AccessFull AccessFull AccessFull Access
N/AFull AccessFull AccessFull AccessFull Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

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Common questions about OCUL valuation

Is Ocular Therapeutix, Inc. (OCUL) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Ocular Therapeutix, Inc. (OCUL) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is OCUL a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether OCUL trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is OCUL’s P/E ratio?

You can see OCUL’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for OCUL?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is OCUL a good long-term investment?

Whether OCUL fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

OCUL

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

3.68
MARKETSnap

Trading Metrics:

Open: 8.28   Previous Close: 8.16
Day Low: 8.07   Day High: 8.51
Year Low: 6.23   Year High: 16.44
Price Avg 50: 8.89   Price Avg 200: 10.65
Volume: 1.754M   Average Volume: 3.36M

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See in Nexus

Relevant news

Ocular Therapeutix, Inc. (OCUL) Presents at Bank of America Global Healthcare Conference 2026 Transcript
12-05-2026 22:00
Ocular Therapeutix, Inc. (OCUL) Presents at Bank of America Global Healthcare Conference 2026 Transcript
Ocular Therapeutix, Inc. (OCUL) Q1 2026 Earnings Call Transcript
05-05-2026 14:41
Ocular Therapeutix, Inc. (OCUL) Q1 2026 Earnings Call Transcript
Ocular Therapeutix (OCUL) Reports Q1 Loss, Misses Revenue Estimates
05-05-2026 10:16
Ocular Therapeutix (OCUL) Reports Q1 Loss, Misses Revenue Estimates
Ocular Therapeutix, Inc. (NASDAQ:OCUL) Receives Average Rating of “Moderate Buy” from Analysts
25-03-2026 02:46
Ocular Therapeutix, Inc. (NASDAQ:OCUL) Receives Average Rating of “Moderate Buy” from Analysts
EyePoint sues rival Ocular Therapeutix, alleging false claims about eye drug
20-03-2026 17:24
EyePoint sues rival Ocular Therapeutix, alleging false claims about eye drug
Ocular Therapeutix, Inc. (OCUL) Discusses Phase III SOL-1 Data Highlighting Transformative Durability in Wet AMD Transcript
02-03-2026 16:37
Ocular Therapeutix, Inc. (OCUL) Discusses Phase III SOL-1 Data Highlighting Transformative Durability in Wet AMD Transcript

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