Piotroski F-score
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OTLY reported revenue of $862.46M and net income of −$152.77M in FY2025.
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2025 | $862.46M | −$152.77M |
| 2024 | $823.67M | −$201.95M |
| 2023 | $783.35M | −$416.87M |
4 more years are on Measure
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Also filed under Beverages, ranked by how closely they sit beside OTLY.
The assistant answers from what OTLY has actually filed: 7 annual reports filed with the SEC and 19 Form 4 filings from the last year. Every figure in a reply links to the filing it came from, so an answer can be checked rather than believed.
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Cash flow breakdown
What the business generated, and where it went
Operating cash flow
−$23.72M 2025
Cash generated by the business itself
Free cash flow
−$36.12M 2025
Operating cash flow minus capital expenditure
Capital expenditure
$12.4M 2025
Spending on property, plant and equipment
OTLY generated −$23.72M of operating cash flow. Each figure below is what it did with that, as reported on the same statement.
Reinvested in the business
A non-cash cost, added back above
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | −$23.72M | −$114.43M | −$165.63M | −$268.95M | −$213.83M | −$44.31M | −$39.12M |
| Capital expenditure | $12.4M | $39.14M | $66.1M | $201.66M | $273.76M | $134.28M | $53.57M |
| Free cash flow | −$36.12M | −$153.57M | −$231.72M | −$470.6M | −$487.59M | −$178.59M | −$92.68M |
| Stock-based compensation | $13.26M |
Financial statements
Every figure below is this company’s, as filed. Measure draws them: 7 years and 4 quarters plotted to scale, on the income statement, balance sheet and cash flow, plus the ratio and estimate sections this page does not carry.
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Gross profit
Plotted to scale onMeasure
Revenue
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $862.46M | $823.67M | $783.35M | $722.24M | $643.19M | $421.35M | $204.05M |
| Cost of revenue | $585.4M | $587.17M | $631.27M | $642.21M | $488.18M | $292.11M | $137.46M |
| Gross profit | $277.06M | $236.49M | $152.08M | $80.03M | $155.01M | $129.24M | $66.59M |
| Research and development | $18.57M |
Shareholder equity
Plotted to scale onMeasure
Cash
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Total assets | $787.2M | $803.98M | $1.12B | $1.23B | $1.63B | $678.93M | - |
| Current assets | $265.19M | $299.13M | $483.39M | $482.25M | $807.06M | $240.16M | - |
| Cash | $64.35M | $98.92M | $249.3M | $82.64M | $295.57M | $105.36M | $10.57M |
| Short-term investments | - | - |
Derived from SEC XBRL filings. Not investment advice.
See every filed year for OTLY, quarter by quarter.
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Watch OTLY and every quarterly and annual report, material 8-K, open-market Form 4 worth a row and tracked manager's change lands in the bell and a daily email. Free.
See all 7 filed years plotted, not just read
Every annual statement OTLY has filed is on this page as figures. Drawn to scale, a trend over the whole record is something you can see rather than something you have to add up.
The charts, to scaleMeasure
Catch a turn before the year confirms it
Revenue, margins and cash flow quarter by quarter, where a change in direction shows up first.
Quarterly statementsMeasure
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Why a margin moved, where the cash went: answered from OTLY's own statements, not a guess.
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| $13.6M |
| $21.45M |
| $35.47M |
| $23.63M |
| $1.01M |
| $1.92M |
| $30.14M |
| $21.05M |
| $22.26M |
| $16.77M |
| $6.83M |
| $4.31M |
| Selling, general and administrative | $320.64M | $324.72M | $373.4M | $412.8M | $353.93M | $167.79M | $93.44M |
|---|
| Operating income | −$67.73M | −$186.15M | −$457.01M | −$395.99M | −$213.74M | −$47.09M | −$30.76M |
|---|
| Net income | −$152.77M | −$201.95M | −$416.87M | −$392.57M | −$212.39M | −$60.36M | −$35.63M |
|---|
| Diluted EPS | -$0.25 | -$0.34 | -$0.70 | -$0.66 | -$0.39 | -$0.13 | - |
|---|
| Diluted shares | 607.53M | 596.89M | 593.6M | 592.03M | 549.08M | 454.27M | 407.34M |
|---|
| Gross margin | 32.12% | 28.71% | 19.41% | 11.08% | 24.10% | 30.67% | 32.63% |
|---|
| Operating margin | −7.85% | −22.60% | −58.34% | −54.83% | −33.23% | −11.18% | −15.07% |
|---|
| Net margin | −17.71% | −24.52% | −53.22% | −54.35% | −33.02% | −14.33% | −17.46% |
|---|
| - |
| $0 |
| $249.94M |
| - |
| - |
| Total liabilities | $767.53M | $697.86M | $781.19M | $434.05M | $383.61M | $352.84M | - |
|---|
| Current liabilities | $557.32M | $535.06M | $583.66M | $341.91M | $243.39M | $228.64M | - |
|---|
| Total debt | $523.05M | $446.37M | $120.31M | $52.59M | $5.99M | $97.19M | - |
|---|
| Shareholder equity | $19.67M | $106.12M | $335.78M | $791.14M | $1.25B | $326.09M | $187.8M |
|---|