Oculis
Develops investigational therapies for neuro-ophthalmology and dry eye disease.
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Profile
Develops investigational ophthalmic and neuro-ophthalmic therapies, with development focused on Privosegtor and Licaminlimab. Its programs build on OPTIREACH eye-drop formulation research and licensed assets.
Investigational eye-care pipeline includes Privosegtor for neuro-ophthalmic programs and Licaminlimab for ocular inflammation and dry eye disease. Both are registrational programs following the 2026 change in development focus.
OPTIREACH formulation research was designed to enable eye drops to reach the back of the eye. The portfolio also reflects licenses for Licaminlimab and Privosegtor from Novartis and Accure Therapeutics.
Headquartered in Switzerland, operations span the United States and Iceland. All named programs remain investigational, and the company will not pursue an FDA filing for OCS-01 in diabetic macular edema after its Phase 3 trials missed their primary endpoint.
Company facts
Key statistics
Year to date −38.9% · Average volume (30d) 257.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jun 1, 2026 | Robert W. Baird | Target | $37 | $38 | |
| Jun 1, 2026 | Guggenheim | Reiterate | Buy | $75 | $45 |
| Jun 1, 2026 | Needham | Reiterate | Buy | $38 | |
| Jun 1, 2026 | H.C. Wainwright | Target | $47 | $26 | |
| May 20, 2026 | Guggenheim | Target | $75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.48 | −$0.20 | +58.3% | $216.8K | $371.1K | +71.2% | +2.42% |
| May 11, 2026Q1 FY26 | −$0.49 | −$0.63 | −28.6% | $253.8K | $250.3K | −1.4% | −6.86% |
| Mar 3, 2026Q4 FY25 | −$0.48 | −$0.51 | −6.7% | $142.9K | $518.4K | +262.8% | +0.54% |
| Nov 10, 2025Q3 FY25 | −$0.50 | −$0.40 | +20.0% | $136.9K | $305.5K | +123.2% | −0.10% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $322.6K | $300.3K | $0 | $0 | $0 | |
| Gross profit | $0 | −$18.1M | $300.3K | $0 | −$194.6K | $0 | |
| Operating income | −$24.7M | −$25.7M | −$25.1M | −$25.8M | −$27.7M | −$29.1M | |
| Net income | −$41.0M | −$31.4M | −$20.8M | −$28.8M | −$36.5M | −$12.3M | |
| Diluted EPS | −$0.85 | −$0.61 | −$0.40 | −$0.52 | −$0.62 | −$0.20 | |
| Gross margin | — | -5,612.3% | 100.0% | — | — | — | |
| Operating margin | — | -7,957.1% | -8,352.3% | — | — | — |
Fiscal years (4-quarter sums)FY22 $306.5K · FY23 $0 · FY24 $0 · FY25 $622.9K
Balance sheet, Jun 30, 2026Cash & short-term investments $9.9K · Total debt $3.1M · Total assets $309.4M · Shareholders' equity $271.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 57.17M · Float 37.03M · 64.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| LSP 7 Cooperatieve U.A. | 6.95M | 11.80% | 13G | Apr 29, 2026 |
| Eqt Fund Management S.A R.L. | 5.90M | 10.32% | 13F | May 14, 2026 |
| Abrdn PLC | 1.75M | 3.06% | 13F | Apr 29, 2026 |
| Pivotal Bioventure Partners Investment Advisor LLC | 1.68M | 2.94% | 13F | May 14, 2026 |
| Wellington Management Group LLP | 1.35M | 2.35% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Bausch + Lomb
FDA-approved Xiidra and Miebo anchor a scaled dry-eye portfolio
- Viatris
Commercial Tyrvaya and a planned Phase 3 program in dry eye
- Aldeyra Therapeutics
NDA-stage reproxalap remains a contingent dry-eye rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Oculis | $12.21 | −0.08% | $698.0M | — | — | 2,324.2 | +13.0% |
| Bausch + Lomb | $17.15 | 0.00% | $6.13B | — | 17.2 | 1.2 | +9.1% |
| Viatris | $16.30 | −0.23% | $19.03B | — | 6.4 | 1.3 | +4.9% |
| Aldeyra Therapeutics | $1.51 | +1.68% | $89.6M | — | — | — | — |
| Median | — | 11.8 | 1.2 | +7.0% |





