OTRK

MKT CAP:$2M

Ontrak, Inc.

Market Cap

$2M

Healthcare·Medical - Healthcare Information Services·🇺🇸 United States·NASDAQ

Healthcare·Medical·🇺🇸·NASDAQ

Stock Price

$0.00+$0.00 (+100.00%)

Apr 6, 2026

Company Details

Ontrak, Inc. operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that provides in-person services to health plans and other third-party payors in the United States. Its technology-enabled p...

CEO

Brandon H. LaVerne CPA

IPO Date

Dec 15, 2003

Website

www.ontrak-inc.com

Key Metrics TTM

Revenue

$10M

-21.0% YoY

Net Income

-$28M

EPS (Diluted)

-$15.80

Free Cash Flow

-$13M

Revenue / Share

$1.85

Gross Margin

57.6%

Operating Margin

-190.2%

Net Margin

-274.2%

FCF Margin

-128.6%

P/S

0.2x

P/E

—

Earnings Reports

Q1 2025

May 20, 2025

$2M-24.7%EPS -$1.65

FY 2024

Apr 14, 2025

$11M-14.9%EPS -$5.49

Q4 2024

Apr 14, 2025

$3M-11.1%EPS -$9.54

Q3 2024

Nov 13, 2024

$3M-30.8%EPS -$1.77

Q2 2024

Aug 14, 2024

$2M-17.2%EPS -$2.84

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$26M	$18M	-$2M
Q3 21	$19M	$13M	-$5M
Q4 21	$10M	$6M	-$18M
Q1 22	$5M	$2M	-$13M
Q2 22	$4M	$2M	-$12M
Q3 22	$3M	$1M	-$10M
Q4 22	$3M	$2M	-$8M
Q1 23	$3M	$2M	-$7M
Q2 23	$3M	$2M	-$5M
Q3 23	$4M	$3M	-$4M
Q4 23	$4M	$1M	-$5M
Q1 24	$3M	$1M	-$4M
Q2 24	$2M	$2M	-$4M
Q3 24	$3M	$2M	-$5M
Q4 24	$3M	$2M	-$4M
Q1 25	$2M	$746.0K	-$6M

Valuation

Quarter	P/S	P/E
Q2 21	88.7x	—
Q3 21	28.6x	—
Q4 21	23.9x	—
Q1 22	11.9x	—
Q2 22	10.9x	—
Q3 22	8.6x	—
Q4 22	11.6x	—
Q1 23	19.6x	—
Q2 23	20.3x	—
Q3 23	32.3x	—
Q4 23	26.0x	—
Q1 24	34.3x	—
Q2 24	1.0x	—
Q3 24	1.0x	—
Q4 24	0.8x	—
Q1 25	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$3M	-$5M
Q3 21	-$14M	-$16M
Q4 21	-$15M	-$16M
Q1 22	-$10M	-$11M
Q2 22	-$4M	-$4M
Q3 22	-$8M	-$9M
Q4 22	-$1M	-$2M
Q1 23	-$5M	-$5M
Q2 23	-$5M	-$5M
Q3 23	-$2M	-$2M
Q4 23	-$4M	-$4M
Q1 24	-$3M	-$3M
Q2 24	-$4M	-$5M
Q3 24	-$1M	-$1M
Q4 24	-$4M	-$4M
Q1 25	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q2 21	$2M
Q3 21	$1M
Q4 21	$615.0K
Q1 22	$255.0K
Q2 22	$499.0K
Q3 22	$250.0K
Q4 22	$152.0K
Q1 23	$25.0K
Q2 23	$98.0K
Q3 23	$73.0K
Q4 23	$89.0K
Q1 24	$37.0K
Q2 24	$37.0K
Q3 24	$28.0K
Q4 24	$75.0K
Q1 25	$58.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+53.8%	+32.0%
Q3 21	-22.6%	-11.0%
Q4 21	-64.7%	-8.9%
Q1 22	-81.7%	-41.8%
Q2 22	-85.3%	-43.8%
Q3 22	-84.7%	-46.1%
Q4 22	-75.7%	-62.9%
Q1 23	-51.9%	-49.5%
Q2 23	-24.2%	-52.0%
Q3 23	+30.7%	-40.0%
Q4 23	+41.0%	-16.7%
Q1 24	+6.0%	-28.3%
Q2 24	-17.2%	-14.4%
Q3 24	-30.8%	-1.3%
Q4 24	-11.1%	-14.2%
Q1 25	-24.7%	+18.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$3M	12.8%
Q3 21	$3M	15.7%
Q4 21	$3M	28.9%
Q1 22	$3M	55.4%
Q2 22	$2M	55.1%
Q3 22	$1M	42.9%
Q4 22	$1M	53.9%
Q1 23	$651.0K	25.7%
Q2 23	$892.0K	30.1%
Q3 23	$797.0K	21.5%
Q4 23	$608.0K	17.2%
Q1 24	$352.0K	13.1%
Q2 24	$442.0K	18.0%
Q3 24	$2M	66.6%
Q4 24	$1M	44.9%
Q1 25	$1M	70.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	$4M	$12M	$4M
Q3 21	$5M	$11M	$2M
Q4 21	$5M	$10M	$2M
Q1 22	$3M	$11M	$1M
Q2 22	$3M	$9M	$1M
Q3 22	$3M	$8M	$1M
Q4 22	$2M	$7M	$1M
Q1 23	$2M	$6M	$990.0K
Q2 23	$2M	$4M	$837.0K
Q3 23	$2M	$4M	$822.0K
Q4 23	$2M	$5M	$931.0K
Q1 24	$1M	$4M	$532.0K
Q2 24	$1M	$4M	$691.0K
Q3 24	$1M	$5M	$780.0K
Q4 24	$1M	$4M	$667.0K
Q1 25	$1M	$5M	$564.0K

Revenue Segments

Quarter	Reportable Segment
Q1 25	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 19	$14M	$0	$14M
Q1 20	$12M	$0	$12M
Q2 20	$13M	$0	$13M
Q1 22	$27M	$0	$27M
Q2 22	$10M	$0	$10M
Q3 22	$7M	$0	$7M
Q4 22	$5M	$0	$5M
Q1 23	$7M	$0	$7M
Q2 23	$6M	$0	$6M
Q3 23	$3M	$0	$3M
Q4 23	$10M	$0	$10M
Q1 24	$6M	$0	$6M
Q2 24	$7M	$0	$7M
Q3 24	$8M	$0	$8M
Q4 24	$6M	$0	$6M
Q1 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	3M	+3.0%	+6.8%
Q3 21	3M	+4.2%	+9.5%
Q4 21	3M	+5.2%	+13.9%
Q1 22	3M	+4.1%	+17.6%
Q2 22	3M	+0.8%	+15.0%
Q3 22	4M	+16.5%	+28.7%
Q4 22	5M	+11.1%	+35.8%
Q1 23	5M	+4.0%	+35.7%
Q2 23	5M	+4.3%	+40.4%
Q3 23	5M	+0.4%	+20.9%
Q4 23	5M	-4.9%	+3.5%
Q1 24	5M	0.0%	-0.5%
Q2 24	5M	0.0%	-4.6%
Q3 24	4M	-5.2%	-9.9%
Q4 24	5M	+23.2%	+16.8%
Q1 25	6M	+1.3%	+18.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$36.6K	723
Q3 21	$25.7K	723
Q4 21	$41.0K	252
Q1 22	$20.9K	252
Q2 22	$15.5K	252
Q3 22	$11.3K	252
Q4 22	$21.1K	119
Q1 23	$21.3K	119
Q2 23	$24.9K	119
Q3 23	$31.2K	119
Q4 23	$34.0K	104
Q1 24	$25.8K	104
Q2 24	$23.6K	104
Q3 24	$24.7K	104
Q4 24	$28.1K	112
Q1 25	$18.0K	112

Revenue / Employee