Ocular Therapeutix (OCUL) EBITDA (2013 - 2026)

Ocular Therapeutix (OCUL) recorded quarterly EBITDA of -$93.3 million in Q1 2026, down 33.8% quarter-over-quarter from -$69.8 million in Q4 2025, and down 46.03% on a YoY basis from -$173.0 million in Q1 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.

  • In Q1 2026, EBITDA fell 46.03% year-over-year to -$93.3 million; the TTM figure through Mar 2026 stood at -$299.4 million (down 46.73% YoY), while the FY2025 annual figure was -$270.0 million, down 57.19% from the prior year.
  • EBITDA was -$93.3 million for Q1 2026 at Ocular Therapeutix, down from -$69.8 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$17.8 million in Q1 2022 to a low of -$93.3 million in Q1 2026.
  • Historically, EBITDA has averaged -$41.0 million across 5 years, with a median of -$31.6 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: EBITDA grew 11.84% in 2022, then slumped 152.25% in 2024.
  • A 5-year view of EBITDA shows it stood at -$19.4 million in 2022, then slipped by 3.56% to -$20.0 million in 2023, then plunged by 152.25% to -$50.6 million in 2024, then plunged by 37.93% to -$69.8 million in 2025, then tumbled by 33.8% to -$93.3 million in 2026.
  • The last three EBITDA figures came in at -$93.3 million (Q1 2026), -$69.8 million (Q4 2025), and -$68.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -26.92 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -13.63 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -19.70 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -14.44 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -752,618.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.14 Bn
9 Abivax 91.96 Bn 91.96 Bn - -65.83 Mn
10 Ocular Therapeutix 2.12 Bn 2.12 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