OCS · NASDAQ · Biotechnology

Oculis

Develops investigational therapies for neuro-ophthalmology and dry eye disease.

$12.21
After-hours close−0.01 (−0.08%)
At close$12.22(−1.69%)
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Profile

Oculis Holding AGOCSHealth Care

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

CEORiad Sherif, M.D.
ListedMar 3, 2023
ExchangeNASDAQ
HeadquartersZug, Switzerland
CountrySwitzerland
Employees60
CIK0001953530
ISINCH1242303498

Key statistics

Market cap$698.0M
EPS (ttm)−$1.73
P/E (ttm)−7.06
ROE-42.9%
P/B2.76
P/S2,324.24
Dividend yield
Beta1.01vs XLV 0.26

Year to date −38.9% · Average volume (30d) 257.6K

Analysts

Price target, next 12 months$38.00+211.2%Median of 9 analysts · vs the Aug 28 close
ConsensusBuy9 of 9 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Jun 1, 2026Robert W. BairdTarget$37$38
Jun 1, 2026GuggenheimReiterateBuy$75$45
Jun 1, 2026NeedhamReiterateBuy$38
Jun 1, 2026H.C. WainwrightTarget$47$26
May 20, 2026GuggenheimTarget$75

Earnings

EPS

Estimate−$0.48
ReportedDue Nov 5, 2026

Revenue

Estimate$268.5K
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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

Institutions 35.20%Insiders

Shares outstanding 57.17M · Float 37.03M · 64.8% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
LSP 7 Cooperatieve U.A.6.95M11.80%13GApr 29, 2026
Eqt Fund Management S.A R.L.5.90M10.32%13FMay 14, 2026
Abrdn PLC1.75M3.06%13FApr 29, 2026
Pivotal Bioventure Partners Investment Advisor LLC1.68M2.94%13FMay 14, 2026
Wellington Management Group LLP1.35M2.35%13FMay 15, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • 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

CompanyPriceChange
Oculis$12.21−0.08%$698.0M2,324.2+13.0%
Bausch + Lomb$17.150.00%$6.13B17.21.2+9.1%
Viatris$16.30−0.23%$19.03B6.41.3+4.9%
Aldeyra Therapeutics$1.51+1.68%$89.6M
Median11.81.2+7.0%