Origin Materials, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $18.9M | $31.3M | $28.8M | $0 | — |
| Research and development | $13.7M | $18.6M | $21.4M | $14.1M | $9.1M |
| Operating expenses | $259.6M | $85.3M | $60.1M | $38.9M | $26.9M |
| Operating income | -$259.1M | -$84.9M | -$54.9M | -$38.9M | — |
| Interest expense | $123,000 | $371,000 | $131,000 | $0 | $2.8M |
| Pretax income | -$249.1M | -$83.0M | $22.7M | $78.6M | $42.1M |
| Income tax expense | $621,000 | $669,000 | -$1.1M | $0 | $3,000 |
| Net income | -$249.7M | -$83.7M | $23.8M | $78.6M | $42.1M |
| Balance Sheet | |||||
| Cash and equivalents | $32.9M | $56.3M | $75.5M | $107.9M | $46.6M |
| Current assets | $80.9M | $139.2M | $187.1M | $331.5M | $451.2M |
| Total assets | $157.7M | $378.0M | $461.8M | $493.7M | $510.4M |
| Current liabilities | $28.5M | $12.5M | $12.9M | $19.8M | $4.2M |
| Total liabilities | $53.4M | $39.7M | $39.3M | $116.8M | $206.9M |
| Total debt | — | — | $5.1M | $5.1M | — |
| Stockholders' equity | $104.2M | $338.4M | $422.5M | $376.9M | $303.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$32.8M | -$50.8M | -$60.4M | -$26.1M | -$22.0M |
| Depreciation and amortization | $11.2M | $10.7M | $3.4M | $711,000 | $544,000 |
| Stock-based compensation | $8.9M | $10.1M | $9.4M | $7.2M | $5.8M |
| Capital expenditure | $30.2M | $9.0M | $102.2M | $83.7M | $12.3M |
| Free cash flow | -$63.0M | -$59.8M | -$162.5M | -$109.8M | -$34.3M |
| Impairments | $195.6M | $15.2M | $0 | $0 | $0 |
Shares outstanding 5.5M · Free float 97.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.