Oatly (ADR)
Sells oat-based drinks and food alternatives spanning dairy substitutes.
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Profile
Sells oat-based alternatives spanning milk, ice cream, yogurt, cooking creams, spreads, and on-the-go drinks. Its three geographic segments are Europe & International, North America, and Greater China.
Produces oat-based alternatives across milk, ice cream, yogurt, cooking creams, spreads, and on-the-go drinks. Its origin lies in Lund University food science that developed an oat-based process for a dairy alternative.
Sales are organized across Europe & International, North America, and Greater China, with products available in more than 60 countries. Production combines owned facilities with co-manufacturers; the company has been shifting toward a hybrid, asset-light manufacturing model.
Commercial execution relies on forecasting demand and maintaining adequate processing and manufacturing capacity. The asset-light shift includes the Singapore facility closure and discontinued construction of a China plant.
Company facts
Categories
Key statistics
Year to date +31.1% · Average volume (30d) 182.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 21, 2026 | Barclays | Reiterate | Overweight | $14 | $12 |
| Apr 30, 2026 | Morgan Stanley | Target | $14.50 | $12.55 | |
| Apr 14, 2026 | Barclays | Reiterate | Overweight | $15 | $14 |
| Feb 17, 2026 | Morgan Stanley | Target | $14.50 | ||
| Jan 16, 2026 | Barclays | Target | $18 | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | −$0.99 | −$0.99 | 0.0% | $219.5M | $240.1M | +9.4% | +16.51% |
| Apr 29, 2026Q1 FY26 | −$0.90 | −$0.38 | +57.8% | $214.6M | $228.3M | +6.4% | −9.57% |
| Feb 11, 2026Q4 FY25 | −$0.54 | −$0.61 | −13.0% | $216.1M | $233.8M | +8.2% | −9.60% |
| Oct 29, 2025 | −$0.46 | −$2.15 | −365.4% | $211.0M | $222.8M | +5.6% | +3.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $197.5M | $208.4M | $222.8M | $233.8M | $228.3M | $240.1M | |
| Gross profit | $62.3M | $67.6M | $66.3M | $80.8M | $76.3M | $81.4M | |
| Operating income | −$18.6M | −$22.1M | −$16.9M | −$10.1M | −$11.3M | −$17.3M | |
| Net income | −$12.4M | −$55.9M | −$65.3M | −$19.1M | −$12.0M | −$31.3M | |
| Diluted EPS | −$0.42 | −$1.86 | −$2.20 | −$0.61 | −$0.40 | −$1.00 | |
| Gross margin | 31.6% | 32.5% | 29.8% | 34.5% | 33.4% | 33.9% | |
| Operating margin | -9.4% | -10.6% | -7.6% | -4.3% | -5.0% | -7.2% |
Fiscal years (4-quarter sums)FY21 $643.2M · FY22 $722.2M · FY23 $783.3M · FY24 $824.9M · FY25 $862.5M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $44.6M · Total debt $549.1M · Total assets $744.0M · Shareholders' equity −$24.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 31.23M · Float 29.24M · 93.6% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Blackstone Inc. | 1.99M | 6.37% | 13F | May 15, 2026 |
| Credit Agricole S A | 873.0K | 2.80% | 13F | May 15, 2026 |
| UBS Group AG | 245.1K | 0.78% | 13F | May 5, 2026 |
| Marshall Wace, LLP | 71.5K | 0.23% | 13F | May 15, 2026 |
| Storebrand Asset Management As | 64.1K | 0.21% | 13F | May 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 2, 2026 | Jean-Christophe Marie Flatin | officer: Chief Executive Officer | −1,934 | $8.94 |
| Jun 2, 2026 | Daniel Eduardo Ordonez | officer: Global President & COO | −39,066 | $8.95 |
| Jun 2, 2026 | Simon Kenneth James Broadbent | officer: SVP Operations & Sust. | −7,820 | $8.95 |
| Jun 2, 2026 | Martin Fredrik Lind | officer: Principal Accounting Officer | −2,968 | $8.96 |
Peers
- Campbell's
Pacific Foods oat beverages overlap in U.S. plant-based retail
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Oatly (ADR) | $14.67 | −0.07% | $458.1M | — | — | 0.5 | +15.2% |
| Campbell's | $23.49 | +0.43% | $6.98B | 11.5 | 12.5 | 0.7 | −4.4% |
| Median | 11.5 | 12.5 | 0.7 | −4.4% |