ORGN (Origin Materials, Inc.) Stock Financials & Earnings | Market Cap Arena

ORGN (Origin Materials, Inc.) Stock Financials & Earnings | Market Cap Arena

ORGNOrigin Materials, Inc.

Mkt Cap$23M

Basic Materials·Chemicals·🇺🇸 United States·NASDAQ

Revenue (TTM)$25M

Net Income (TTM)-$69M

EPS (TTM)-$0.47

Free Cash Flow (TTM)-$55M

Gross Margin1.8%

Op. Margin-321.3%

Net Margin-275.0%

FCF Margin-217.0%

P/S Ratio (TTM)0.9x

P/E Ratio (TTM)—

YoY Rev Growth-28.5%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$0	$0	-$13M
Q1 23	$2M	$744K	-$12M
Q2 23	$7M	$84K	-$14M
Q3 23	$7M	$800K	-$12M
Q4 23	$13M	$4M	-$16M
Q1 24	$7M	-$2M	-$18M
Q2 24	$7M	$207K	-$18M
Q3 24	$8M	$61K	-$32M
Q4 24	$9M	$12K	-$16M
Q1 25	$5M	$113K	-$33M
Q2 25	$6M	$182K	-$15M
Q3 25	$5M	$157K	-$17M

Valuation

Quarter	P/S	P/E
Q4 22	—	0.3x
Q1 23	13.6x	0.3x
Q2 23	2.7x	0.8x
Q3 23	1.5x	0.5x
Q4 23	0.8x	1.0x
Q1 24	0.7x	199.1x
Q2 24	0.7x	—
Q3 24	0.7x	—
Q4 24	0.7x	—
Q1 25	0.8x	—
Q2 25	0.8x	—
Q3 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$17M	-$43M
Q1 23	-$19M	-$60M
Q2 23	-$17M	-$48M
Q3 23	-$11M	-$29M
Q4 23	-$14M	-$34M
Q1 24	-$17M	-$19M
Q2 24	-$15M	-$16M
Q3 24	-$13M	-$16M
Q4 24	-$6M	-$10M
Q1 25	-$8M	-$15M
Q2 25	-$7M	-$16M
Q3 25	-$8M	-$14M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$26M
Q1 23	$41M
Q2 23	$31M
Q3 23	$18M
Q4 23	$20M
Q1 24	$2M
Q2 24	$636K
Q3 24	$3M
Q4 24	$4M
Q1 25	$7M
Q2 25	$9M
Q3 25	$5M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	—	+67.3%
Q1 23	—	+85.0%
Q2 23	—	+144.2%
Q3 23	—	+97.9%
Q4 23	—	+125.4%
Q1 24	+300.5%	+77.6%
Q2 24	+2.0%	+19.4%
Q3 24	+14.9%	+110.6%
Q4 24	-29.4%	-13.1%
Q1 25	-20.4%	+53.3%
Q2 25	-17.3%	-17.8%
Q3 25	-43.2%	-46.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$4M	—
Q1 23	$2M	131.8%
Q2 23	$2M	34.9%
Q3 23	$2M	33.3%
Q4 23	$2M	18.1%
Q1 24	$3M	40.7%
Q2 24	$3M	36.1%
Q3 24	$2M	30.0%
Q4 24	$2M	25.0%
Q1 25	$2M	42.2%
Q2 25	$2M	39.2%
Q3 25	$2M	48.2%

OpEx Breakdown

Quarter	R&D	G&A
Q4 22	$5M	$7M
Q1 23	$5M	$8M
Q2 23	$5M	$9M
Q3 23	$5M	$8M
Q4 23	$6M	$11M
Q1 24	$6M	$10M
Q2 24	$4M	$11M
Q3 24	$5M	$9M
Q4 24	$3M	$10M
Q1 25	$3M	$10M
Q2 25	$3M	$9M
Q3 25	$3M	$11M

Revenue Segments

Quarter	Product	Service
Q1 24	$7M	$3K
Q2 24	$7M	—
Q3 24	$8M	—
Q4 24	$9M	—
Q1 25	$5M	—
Q2 25	$6M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$108M	$215M	$323M
Q1 23	$87M	$177M	$264M
Q2 23	$66M	$152M	$218M
Q3 23	$66M	$123M	$190M
Q4 23	$76M	$83M	$158M
Q1 24	$76M	$71M	$147M
Q2 24	$56M	$76M	$132M
Q3 24	$56M	$57M	$113M
Q4 24	$56M	$47M	$103M
Q1 25	$44M	$39M	$83M
Q2 25	$35M	$34M	$69M
Q3 25	$34M	$20M	$54M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	142M	+0.0%
Q1 23	142M	+0.1%
Q2 23	139M	-2.2%
Q3 23	143M	+2.5%
Q4 23	141M	-1.4%
Q1 24	142M	+0.8%
Q2 24	143M	+0.8%
Q3 24	143M	+0.3%
Q4 24	144M	+0.5%
Q1 25	147M	+1.9%
Q2 25	148M	+0.7%
Q3 25	149M	+1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	$0	2
FY 21	$0	80
FY 22	$0	155
FY 23	$257K	112
FY 24	$381K	82