Ocular Therapeutix (OCUL) EBITDA (2013 - 2026)

Ocular Therapeutix's (OCUL) quarterly EBITDA came in at -$93.3 million in Q1 2026, down 46.03% year-on-year from -$173.0 million in Q1 2025, and down 33.8% quarter-over-quarter from -$69.8 million in Q4 2025.

Ocular Therapeutix (OCUL) EBITDA (2013 - 2026) Analysis & Trends

Ocular Therapeutix's EBITDA history runs 14 years deep, the most recent figure standing at -$93.3 million for Q1 2026.

  • On a quarterly basis, EBITDA fell 46.03% year-over-year to -$93.3 million in Q1 2026; TTM through Mar 2026 was -$299.4 million, a 46.73% decrease from a year earlier, with the FY2025 full-year figure at -$270.0 million, down 57.19% from the prior year.
  • EBITDA declined to -$93.3 million in Q1 2026 per OCUL's latest filing, from -$69.8 million in the prior quarter.
  • Across five years, EBITDA topped out at -$17.8 million in Q1 2022 and bottomed at -$93.3 million in Q1 2026.
  • The 5-year median for EBITDA is -$31.6 million (2024), against an average of -$41.0 million.
  • Across the five-year window, EBITDA rose 11.84% in 2022 and slumped 152.25% in 2024, its largest moves.
  • Year by year, EBITDA stood at -$19.4 million in 2022, then slipped by 3.56% to -$20.0 million in 2023, then slumped by 152.25% to -$50.6 million in 2024, then slumped by 37.93% to -$69.8 million in 2025, then sank by 33.8% to -$93.3 million in 2026.
  • Per Business Quant, the three latest OCUL EBITDA figures stand at -$93.3 million (Q1 2026), -$69.8 million (Q4 2025), and -$68.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -27.75 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 249.90 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 61.40 Bn 61.40 Bn - -32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 394.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - -445.22 Mn
10 Ocular Therapeutix 1.91 Bn 1.91 Bn 9.46 Mn -93.34 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -93.34 Mn
Dec 31, 2025 -69.76 Mn
Sep 30, 2025 -68.70 Mn
Jun 30, 2025 -67.64 Mn
Mar 31, 2025 -63.92 Mn
Dec 31, 2024 -50.58 Mn
Sep 30, 2024 -46.00 Mn
Jun 30, 2024 -43.59 Mn
Mar 31, 2024 -31.62 Mn
Dec 31, 2023 -20.05 Mn
Sep 30, 2023 -19.21 Mn
Jun 30, 2023 -20.57 Mn
Mar 31, 2023 -22.55 Mn
Dec 31, 2022 -19.36 Mn
Sep 30, 2022 -21.54 Mn
Jun 30, 2022 -19.92 Mn
Mar 31, 2022 -17.83 Mn
Dec 31, 2021 -18.05 Mn
Sep 30, 2021 -19.53 Mn
Jun 30, 2021 -20.23 Mn