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Companies / Health Care / Outset Medical, Inc.
OM

Outset Medical, Inc.

Health CareElectromedical Apparatus
Ticker OMSAN JOSE, CAFiscal year ends DecemberBook value per share $4.48Diluted shares 18.6M

Outset Medical, Inc. (Nasdaq: OM) is a medical technology company that develops and sells the Tablo Hemodialysis System for patients with acute or chronic kidney failure. The FDA-cleared system is designed for use in hospitals, clinics and homes, combining a compact dialysis console with integrated water purification,… From the company’s description.

Over the twelve months to Sep 30, 2026, Outset Medical, Inc. reported revenue of $121.97M, up 1.6% from a year earlier, and a net loss of $71.14M. Its operating margin was −51.2%, and operations used $42.38M in cash. In fiscal 2025, it reported revenue of $119.48M, up 5.1% from fiscal 2024, and a net loss of $81.65M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$119.48MFY2025
+5.1% year over year
Last 12 mo $121.97M
-55.83%FY2025
+43.9 percentage points
Last 12 mo -51.24%
$-81.65MFY2025
+36.2% year over year
Last 12 mo $-71.14M
-64.32%FY2025
+412.9 percentage points
Last 12 mo -85.39%
Cash & financing
$-46.33MFY2025
+60.2% year over year
Last 12 mo $-42.38M
$-47.13MFY2025
+59.8% year over year
Last 12 mo $-42.89M
0.76FY2025
Was 7.36× a year earlier
Last 12 mo 1.20
15.2MFY2025
−70.7% year over year
Last 12 mo 18.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Outset Medical, Inc. does

In the company’s own words

Outset Medical, Inc. (Nasdaq: OM) is a medical technology company that develops and sells the Tablo Hemodialysis System for patients with acute or chronic kidney failure. The FDA-cleared system is designed for use in hospitals, clinics and homes, combining a compact dialysis console with integrated water purification, on-demand dialysate production, a single-use cartridge and connected software. Its cloud-based tools support remote device monitoring, treatment data access, patient analytics and clinical recordkeeping. Customers include hospitals, dialysis providers, skilled nursing facilities, long-term acute care hospitals and home-dialysis patients and providers. Outset also supports hospitals seeking to establish and operate in-house dialysis services. The company’s product portfolio includes Tablo Console, Tablo Cartridge and the Tablo data ecosystem, including the TabloHub provider portal, MyTablo patient portal and TabloDash analytics platform. Tablo is its core business, and the filing describes no separate reportable operating segments.

Company details
Sector
Health Care
Industry (SIC)
Electromedical Apparatus
Headquarters
SAN JOSE, CA
Fiscal year end
December
CIK
1484612
SIC
3845

Financial performance, year by year

Fiscal 2020–2025 · USD
$-203.11M$-112.16M$-21.21M$69.74M$160.69M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Outset Medical, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

57
funds hold it
0 of 35
superinvestors hold it
$19.46M
held by funds, at market
22.6%
of shares held by funds

Largest fund holders · Outset Medical, Inc.’s weight in each

Select Health Care Portfolio
FSPHX · Fidelity Select Portfolios
—of fund net assets
Fidelity Advisor Health Care Fund
FACDX · Fidelity Advisor Series VII
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VIP Health Care Portfolio
Variable Insurance Products Fund IV
0.10%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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