Omeros
Commercializes YARTEMLEA for TA-TMA while advancing complement and specialty therapeutics.
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Profile
Markets YARTEMLEA in the U.S. for transplant-associated thrombotic microangiopathy and runs a one-segment biotech pipeline around complement, oncology, addiction, and infectious-disease programs. Former OMIDRIA royalties and Novo Nordisk's zaltenibart rights shape the post-divestiture economics.
Commercializes YARTEMLEA in the U.S. for transplant-associated thrombotic microangiopathy, using a field organization focused on transplant centers. The same one-segment platform covers MASP-2 and MASP-3 complement biology, OMS1029, OMS527, OncotoX-AML, and T-CAT.
Former OMIDRIA economics remain part of the business through royalty rights after the Rayner sale, while zaltenibart moved to Novo Nordisk under a global development and commercialization arrangement. The company remains founder-led from Seattle.
Execution depends on U.S. transplant-center adoption, payer access, and external manufacturers for YARTEMLEA supply. European access depends on CHMP re-examination after a negative opinion on the narsoplimab marketing application.
Company facts
Key statistics
Year to date +13.5% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Jun 29, 2026 | H.C. Wainwright | Target | $40 | $33 |
| Jan 8, 2026 | H.C. Wainwright | Target | $20 | $40 |
| Oct 15, 2025 | H.C. Wainwright | Target | $9 | $20 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.27 | $0.15 | +155.9% | $12.7M | $28.5M | +124.8% | +26.55% |
| May 13, 2026Q1 FY26 | −$0.40 | −$0.24 | +40.0% | $4.2M | $9.9M | +136.4% | −7.65% |
| Mar 31, 2026Q4 FY25 | −$0.55 | $3.14 | +670.9% | $1.6M | — | — | +14.39% |
| Nov 13, 2025Q3 FY25 | −$0.58 | −$0.19 | +67.2% | — | — | — | +25.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $9.9M | $28.5M | |
| Gross profit | $0 | −$10.3M | $0 | $0 | $9.1M | $27.7M | |
| Operating income | −$35.0M | −$32.4M | −$26.4M | −$29.1M | −$17.4M | $74.0K | |
| Net income | −$33.5M | −$25.4M | −$30.9M | $86.5M | $56.1M | $13.2M | |
| Diluted EPS | −$0.58 | −$0.43 | −$0.47 | $1.42 | $0.62 | $0.15 | |
| Gross margin | — | — | — | — | 91.7% | 97.2% | |
| Operating margin | — | — | — | — | -176.1% | 0.3% |
Fiscal years (4-quarter sums)FY21 −$79.9M · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $132.0M · Total debt $83.8M · Total assets $286.8M · Shareholders' equity −$51.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 72.38M · Float 69.80M · 96.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.04M | 8.35% | 13F | Aug 7, 2026 |
| Ingalls & Snyder LLC | 3.66M | 5.06% | 13F | Aug 14, 2026 |
| UBS Group AG | 3.15M | 4.35% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 3.07M | 4.24% | 13F | Aug 13, 2026 |
| State Street Corp | 2.32M | 3.21% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Arnold C. Hanish | director | −10,000 | $18.95 |
| Aug 26, 2026 | Arnold C. Hanish | director | −5,000 | $18.53 |
| Aug 24, 2026 | David J. Borges | officer: VP, Finance & CAO | −906 | $19.10 |
| Aug 21, 2026 | David J. Borges | officer: VP, Finance & CAO | −10,000 | $18.95 |
| Aug 20, 2026 | Thomas J. Cable | director | −15,000 | $18.45 |
Peers
- AstraZeneca (ADR)
Dominant C5 franchise used off-label in TA-TMA
- Novartis (ADR)
Oral Factor B challenger across rare complement diseases
- Biogen
Current public owner of Empaveli after Apellis acquisition
- Amgen
Tavneos brings oral C5aR competition in vasculitis
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Omeros | $18.51 | −0.43% | $1.35B | 10.8 | 8.6 | 35.1 | — |
| AstraZeneca (ADR) | $161.79 | −0.55% | $252.33B | 24.4 | 15.2 | 4.1 | +6.4% |
| Novartis (ADR) | $153.81 | 0.00% | $292.35B | 23.2 | 16.4 | 5.3 | +0.9% |
| Biogen | $218.19 | −0.14% | $32.28B | 38.7 | 16.5 | 3.2 | +3.4% |
| Amgen | $430.27 | −0.49% | $233.38B | 26.9 | 18.4 | 6.1 | +9.7% |
| Median | 25.7 | 16.5 | 4.7 | +4.9% |






