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Ocular Therapeutix, Inc.

$10.49 -$1.33 (-11.25%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$10.62
Day Range
$10.37$10.94
Year Range
$6.23$16.44
Market Cap
2.3B
AVG Volume
2.66M
Trailing/Forward PE
-7.39/-
PEG ratio
4.3
Dividend Yield
-
Next Earnings Date
2026-11-03
Primary Exchange
NASDAQUS
Revenue (USD)
020M40M60M80M2016201720182019202020212022202320242025
OCUL Revenue (USD) by year
PeriodRevenue (USD)
202551.95M
202463.72M
202358.44M
202251.49M
202143.52M
202017.4M
20194.23M
20181.99M
20171.92M
20161.89M
Net Income (USD)
-300M-200M-100M02016201720182019202020212022202320242025
OCUL Net Income (USD) by year
PeriodNet Income (USD)
2025-265.94M
2024-193.51M
2023-80.74M
2022-71.04M
2021-6.55M
2020-155.64M
2019-86.37M
2018-59.98M
2017-63.39M
2016-44.7M
Operating Income (USD)
-300M-200M-100M02016201720182019202020212022202320242025
OCUL Operating Income (USD) by year
PeriodOperating Income (USD)
2025-270.02M
2024-171.78M
2023-82.38M
2022-78.65M
2021-78.04M
2020-62.85M
2019-85.8M
2018-59.12M
2017-61.92M
2016-43.33M
EBITDA (USD)
-300M-200M-100M0100M2016201720182019202020212022202320242025
OCUL EBITDA (USD) by year
PeriodEBITDA (USD)
2025-249.78M
2024-176.14M
2023-66.42M
2022-61.91M
20212.54M
2020-146.09M
2019-77.74M
2018-55.95M
2017-59.87M
2016-42.31M
Cash Flows (USD)
-300M-200M-100M02016201720182019202020212022202320242025
OCUL Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-216.89M
2024-135.97M
2023-81.5M
2022-63.32M
2021-66.74M
2020-54.4M
2019-79.82M
2018-51.12M
2017-58.73M
2016-35.92M
EPS (USD)
-3-2-102016201720182019202020212022202320242025
OCUL EPS (USD) by year
PeriodEPS (USD)
2025-1.44
2024-1.26
2023-1.1
2022-1.02
2021-0.95
2020-2.43
2019-1.86
2018-1.57
2017-2.2
2016-1.81
Expenses (USD)
0100M200M300M400MR&DSG&ACapex2016201720182019202020212022202320242025
OCUL Expenses (USD) by year
PeriodExpenses (USD)
2025327.4M
2024231.16M
2023141.63M
2022129.32M
2021118.35M
202079.01M
201989.94M
201862.53M
201771.64M
201646.69M
Cash & Debt (USD)
0200M400M600M800MCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
OCUL Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025737.06M
2024392.1M
2023195.81M
2022102.3M
2021164.16M
2020228.06M
201954.44M
201854.06M
201741.54M
201668.14M
Debt ratios
-0.500.511.520182019202020212022202320242025
OCUL Debt ratios by year
PeriodDebt ratios
20251.19
20241.05
20230.41
20220.13
20210.38
20200.5
2019-0.02
20180.15
Margins
0%25%50%75%100%2016201720182019202020212022202320242025
OCUL Margins by year
PeriodMargins
202587.35%
202491.17%
202390.96%
202291.18%
202189.88%
202088.03%
201945%
201876.63%
201776.24%
201676.52%
Return on Capital
-1000%0%1000%2000%3000%2016201720182019202020212022202320242025
OCUL Return on Capital by year
PeriodReturn on Capital
2025-40.64%
2024-61.36%
2023-88.59%
2022-200.79%
2021-7.45%
2020-204.53%
20192379.39%
2018-167.19%
2017-242.42%
2016-85.95%
Shares Outstanding
0100M200M300M2016201720182019202020212022202320242025
OCUL Shares Outstanding by year
PeriodShares Outstanding
2025222.92M
2024168.02M
2023105.92M
202277.01M
202176.62M
202070.61M
201948.48M
201841.09M
201729.66M
201624.89M
Book Value Per Share (USD)
-101232016201720182019202020212022202320242025
OCUL Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20252.94
20241.88
20230.86
20220.46
20211.15
20201.08
2019-0.07
20180.87
20170.88
20162.09
Total Assets (USD)
0250M500M750M1B2016201720182019202020212022202320242025
OCUL Total Assets (USD) by year
PeriodTotal Assets (USD)
2025808.06M
2024457.94M
2023252.06M
2022149.29M
2021204.89M
2020261.86M
201978.74M
201873.04M
201755.43M
201674.94M
Employee Count
01002003004002016201720182019202020212022202320242025
OCUL Employee Count by year
PeriodEmployee Count
2025325
2024274
2023267
2022274
2021228
2020181
2019161
2018167
2017119
2016118
Free Cash Flow Yield
-15%-12.5%-10%-7.5%-5%med -9.86%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCUL Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-10.81%
Sep 26-10.66%
Aug 26-10.95%
Aug 26-10.23%
Aug 26-11.29%
Aug 26-12.34%
Jul 26-13.16%
Jul 26-12.63%
Jul 26-11.99%
Jul 26-10.54%
Jul 26-11.15%
Jun 26-10.93%
Jun 26-11.4%
Jun 26-12.03%
Jun 26-13.03%
May 26-11.93%
May 26-13.06%
May 26-11.74%
May 26-11.14%
May 26-10.32%
Apr 26-10.25%
Apr 26-9.91%
Apr 26-11.07%
Apr 26-11.46%
Mar 26-12.89%
Mar 26-11.89%
Mar 26-11.11%
Mar 26-9.47%
Feb 26-10.88%
Feb 26-12.51%
Feb 26-10.96%
Feb 26-10.62%
Jan 26-11.86%
Jan 26-10.56%
Jan 26-9.62%
Jan 26-9.63%
Jan 26-9.17%
Dec 25-8.63%
Dec 25-8.63%
Dec 25-7.45%
Dec 25-8.62%
Nov 25-8.92%
Nov 25-8.86%
Nov 25-9.6%
Nov 25-9.99%
Oct 25-8.91%
Oct 25-9.04%
Oct 25-8.78%
Oct 25-8.82%
Oct 25-9.11%
Sep 25-8.29%
Sep 25-8.59%
Sep 25-8.11%
Sep 25-7.64%
Aug 25-8.51%
Aug 25-8.45%
Aug 25-8.23%
Aug 25-8.51%
Aug 25-7.35%
Jul 25-7.18%
Jul 25-7.73%
Jul 25-7.94%
Jul 25-9.11%
Jun 25-9.5%
Jun 25-10.78%
Jun 25-10.04%
Jun 25-9.71%
May 25-10.94%
May 25-12%
May 25-12.14%
May 25-12.41%
May 25-9.2%
Apr 25-10.5%
Apr 25-11.07%
Apr 25-11.38%
Apr 25-12.72%
Mar 25-10.68%
Mar 25-10.78%
Mar 25-10.48%
Mar 25-10.73%
Feb 25-10%
Feb 25-10.2%
Feb 25-9.81%
Feb 25-9.43%
Jan 25-9.27%
Jan 25-8.96%
Jan 25-8.91%
Jan 25-8.7%
Jan 25-8.15%
Dec 24-8.46%
Dec 24-8.4%
Dec 24-8.22%
Dec 24-7.42%
Nov 24-7.22%
Nov 24-8.09%
Nov 24-7.8%
Nov 24-5.2%
Nov 24-5.56%
Oct 24-5.18%
Oct 24-5.1%
Price to Sales
1020304050med 35.31Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCUL Price to Sales by year
PeriodPrice to Sales
Sep 2645.33
Sep 2645.98
Aug 2644.77
Aug 2647.88
Aug 2643.39
Aug 2639.71
Jul 2635.18
Jul 2636.65
Jul 2638.63
Jul 2643.93
Jul 2641.51
Jun 2642.38
Jun 2640.61
Jun 2638.5
Jun 2635.53
May 2638.8
May 2635.44
May 2639.45
May 2641.56
May 2640.46
Apr 2640.72
Apr 2642.14
Apr 2637.72
Apr 2636.43
Mar 2632.4
Mar 2635.1
Mar 2637.59
Mar 2644.07
Feb 2638.36
Feb 2633.38
Feb 2638.1
Feb 2639.31
Jan 2630.14
Jan 2633.86
Jan 2637.16
Jan 2637.12
Jan 2638.97
Dec 2541.41
Dec 2541.41
Dec 2548.01
Dec 2541.48
Nov 2540.06
Nov 2540.36
Nov 2537.26
Nov 2535.77
Oct 2535.52
Oct 2535
Oct 2536.06
Oct 2535.88
Oct 2534.75
Sep 2538.17
Sep 2536.86
Sep 2539.02
Sep 2541.42
Aug 2537.19
Aug 2537.46
Aug 2538.44
Aug 2537.19
Aug 2533.85
Jul 2534.68
Jul 2532.18
Jul 2531.33
Jul 2527.32
Jun 2526.19
Jun 2523.09
Jun 2524.79
Jun 2525.62
May 2522.75
May 2520.73
May 2520.51
May 2520.05
May 2523.2
Apr 2520.33
Apr 2519.27
Apr 2518.75
Apr 2516.77
Mar 2519.99
Mar 2519.8
Mar 2520.36
Mar 2519.88
Feb 2519.41
Feb 2519.03
Feb 2519.79
Feb 2520.57
Jan 2520.93
Jan 2521.66
Jan 2521.77
Jan 2522.31
Jan 2523.81
Dec 2422.94
Dec 2423.1
Dec 2423.62
Dec 2426.15
Nov 2426.88
Nov 2424
Nov 2424.9
Nov 2430.13
Nov 2428.2
Oct 2430.24
Oct 2430.75
EV/EBITDA
6080100120med 102.32Mar 22Mar 22Apr 22Apr 22May 22
OCUL EV/EBITDA by year
PeriodEV/EBITDA
May 2263.26
Apr 2266.28
Apr 2268.99
Apr 2290.71
Apr 2299.76
Apr 22104.89
Mar 22112.43
Mar 22117.86
Mar 22118.76
Mar 22107.3
Price to Book
24681012med 4.41Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCUL Price to Book by year
PeriodPrice to Book
Sep 264.54
Sep 264.6
Aug 264.48
Aug 264.79
Aug 264.34
Aug 263.98
Jul 263.15
Jul 263.28
Jul 263.46
Jul 263.93
Jul 263.71
Jun 263.79
Jun 263.63
Jun 263.44
Jun 263.18
May 263.47
May 263.17
May 263.53
May 263.72
May 263.21
Apr 263.23
Apr 263.35
Apr 262.99
Apr 262.89
Mar 262.57
Mar 262.79
Mar 262.98
Mar 263.5
Feb 263.05
Feb 262.65
Feb 263.03
Feb 263.12
Jan 266.51
Jan 267.31
Jan 268.03
Jan 268.02
Jan 268.42
Dec 258.95
Dec 258.95
Dec 2510.37
Dec 258.96
Nov 258.65
Nov 258.72
Nov 258.05
Nov 257.73
Oct 256.58
Oct 256.48
Oct 256.68
Oct 256.65
Oct 256.44
Sep 257.07
Sep 256.83
Sep 257.23
Sep 257.67
Aug 256.89
Aug 256.94
Aug 257.12
Aug 256.89
Aug 257.59
Jul 257.78
Jul 257.22
Jul 257.03
Jul 256.13
Jun 255.87
Jun 255.18
Jun 255.56
Jun 255.75
May 255.1
May 254.65
May 254.6
May 254.5
May 254.69
Apr 254.11
Apr 253.89
Apr 253.79
Apr 253.39
Mar 254.04
Mar 254
Mar 254.11
Mar 254.02
Feb 253.39
Feb 253.32
Feb 253.45
Feb 253.59
Jan 253.65
Jan 253.78
Jan 253.8
Jan 253.89
Jan 254.16
Dec 244
Dec 244.03
Dec 244.12
Dec 244.56
Nov 244.69
Nov 244.19
Nov 244.35
Nov 244.87
Nov 244.56
Oct 244.89
Oct 244.97
Ocular Therapeutix, Inc.
OCUL
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News: OCUL

Ocular Therapeutix™ to Participate in September and October Investor and Scientific Conferences

globenewswire.com · 1 Sep 2026

Ocular Therapeutix™ to Participate in September and October Investor and Scientific Conferences

BEDFORD, Mass., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ: OCUL, “Ocular”), an integrated biopharmaceutical company committed to redefining the retina experience, today announced participation in several upcoming investor and scientific conferences in September and October 2026.

BlackRock Inc. Invests $190.28 Million in Ocular Therapeutix, Inc. $OCUL

defenseworld.net · 28 Aug 2026

BlackRock Inc. Invests $190.28 Million in Ocular Therapeutix, Inc. $OCUL

BlackRock Inc. purchased a new stake in Ocular Therapeutix, Inc. (NASDAQ: OCUL) in the undefined quarter, according to its most recent disclosure with the SEC. The fund purchased 19,376,555 shares of the biopharmaceutical company's stock, valued at approximately $190,278,000. BlackRock Inc. owned 8.82% of Ocular Therapeutix as of its most recent filing with

Ocular Therapeutix, Inc. (OCUL) Discusses Regulatory Progress and NDA Filing Plans for AXPAXLI Transcript

seekingalpha.com · 18 Aug 2026

Ocular Therapeutix, Inc. (OCUL) Discusses Regulatory Progress and NDA Filing Plans for AXPAXLI Transcript

Ocular Therapeutix, Inc. (OCUL) Discusses Regulatory Progress and NDA Filing Plans for AXPAXLI Transcript

Why Is Ocular Therapeutix Stock Gaining Monday?

benzinga.com · 17 Aug 2026

Why Is Ocular Therapeutix Stock Gaining Monday?

Ocular Therapeutix Inc. (NASDAQ:OCUL) stock is trading higher on Monday as the stock reacts to underwhelming data from its rival, EyePoint Inc. (NASDAQ:EYPT).

Ocular Therapeutix™ Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

globenewswire.com · 13 Aug 2026

Ocular Therapeutix™ Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

BEDFORD, Mass., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ: OCUL, “Ocular” or the “Company”), an integrated biopharmaceutical company committed to redefining the retina experience, today announced that it has granted inducement awards to Ms. Beth Rada, the Company's new SVP, Government Affairs and Public Policy. The awards were made as an inducement material to the recipient's acceptance of employment with Ocular under Ocular's 2019 Inducement Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).

California State Teachers Retirement System Increases Stock Position in Ocular Therapeutix, Inc. $OCUL

defenseworld.net · 13 Aug 2026

California State Teachers Retirement System Increases Stock Position in Ocular Therapeutix, Inc. $OCUL

California State Teachers Retirement System increased its holdings in Ocular Therapeutix, Inc. (NASDAQ: OCUL) by 41.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,706 shares of the biopharmaceutical company's stock after acquiring an additional 63,005 shares during the quarter. California

Ocular Therapeutix™ Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

globenewswire.com · 7 Aug 2026

Ocular Therapeutix™ Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

BEDFORD, Mass., Aug. 07, 2026 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ: OCUL, “Ocular” or the “Company”), an integrated biopharmaceutical company committed to redefining the retina experience, today announced that it has granted inducement equity awards to eight newly hired non-executive employees.

Ocular Therapeutix: AXPAXLI Can Turn Retina Capacity Into A Commercial Moat

seekingalpha.com · 5 Aug 2026

Ocular Therapeutix: AXPAXLI Can Turn Retina Capacity Into A Commercial Moat

Ocular Therapeutix (OCUL) is positioned for a potential 2027 launch of AXPAXLI, with a de-risked regulatory path and strong Phase 3 efficacy data. AXPAXLI's annual dosing and clinic productivity benefits could drive adoption beyond wet AMD, targeting broader retinal indications including diabetic retinopathy. The FDA has agreed to an NDA submission in Q4 2026 based on SOL-1 data and interim safety from SOL-R, reducing near-term regulatory risk.

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