Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

HomeCompaniesSectorsCalendarLast night
Screens
WarningsPrice and conditionThen and nowSize bandsCeased filers
Tools
Time machinePoint in timeData exportsRun logForecast logEDGAR company search
Method
MethodCoverageAbout
Omeros Corp.OMER · healthcare
GradeNonecomputable_factors_below_threshold: 4 of 14 inputs computable; 7 are required
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $325.6M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsshort runway, thin datanot computable: distress
Inputs computable4 of 14
Graded fromfilings received through Mar 31, 2026192 days before the rescan; every figure keyed to the SEC receipt date
Last close$19.122026-10-08; market equity $1.4B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$10$20NovDecJanFebMarAprMayJunJulAugSepOct$19.12
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Mar 21, 2012nonen/aQ2
Mar 21, 2015nonen/aQ1
Mar 21, 2016nonen/aQ2
Mar 21, 2020nonen/aQ3

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 31, 2026; the document on sec.gov.

Omeros Corporation (“Omeros,” the “Company” or “we”) is an innovative, commercial-stage biotechnology company that discovers and develops first-in-class protein and small-molecule therapeutics for large-market and orphan indications, with particular emphasis on complement-mediated diseases, cancers, and addictive or compulsive disorders. Our complement-targeted product, product candidates, and therapeutic programs are primarily focused on diseases and disorders associated with the lectin and/or alternative pathways of complement.

Warnings [top]

Short runway. cash runway is 0.3 months[3]
Thin data. 4 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 97.2
Gross profitabilitynot computable32.2%
latest aligned inputs end 2020-12-31; latest annual assets end 2025-12-31
Return on invested capitalnot computable9.3%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Accruals ratio37.4%[1,4-6](6.6%)97.28112025-12-31
Gross margin stability, five yearsnot computable2.8 pts
five annual gross margins are required; found 3
Solvency, sleeve percentile 58.5
Twelve-month failure probabilitynot computable0.07%
liabilities and a nearby cover-page share count are required at 2026-06-30
Altman Z double-primenot computable(0.31)
one or more required annual facts are missing
Net debt to EBITDAnot computable1.82x
EBITDA must exceed $100,000
Interest coveragenot computable(4.51x)
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Current ratio2.76x[7-8]2.96x58.58392025-12-31
Growth and financing, sleeve percentile 72.1
Revenue growth, three-year compoundnot computable10.0%
latest aligned inputs end 2020-12-31; latest annual assets end 2025-12-31
Free cash flow growth, three-year compoundnot computable10.9%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable37.1%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Asset growth, three years(18.0%)[1,6,9-10]2.1%80.77042025-12-31
Net share issuance, one year23.5%[11-12]2.5%63.56342026-03-27

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 371 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month358.3%8.0%99hotter than 99 of 100 peers
Distance from 52-week high(9.2%)(31.4%)86closer to its high than 86 of 100 peers
EBIT to enterprise value(8.4%)(1.5%)35pricier than 65 of 100 peers
Free cash flow yield(8.4%)(1.0%)35pricier than 65 of 100 peers
Book value to price(0.04)0.289pricier than 91 of 100 peers
Sales to price0.050.3117pricier than 83 of 100 peers
Composite equity issuance, five years15.6%20.3%45more equity-funded than 45 of 100 peers
Relative strength against the sector, log excess return1.31(0.14)99ahead of 99 of 100 peers

Inputs: market equity $1.4B; EBIT -$122.8M; free cash flow -$116.2M; book equity -$51.3M; sales $73.8M; debt $87.9M; cash $2.0M[13].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(1.2%)✗ fail[4,6]
Operating cash flow above zero-$116.1M✗ fail[5]
Return on assets improved40.2 pts✓ pass[4,6,9,14]
Operating cash flow exceeds net income-$112.7M✗ fail[4-5]
Long-term leverage fell(21.2 pts)✓ pass[1,6,9,15-16]
Current ratio improved107.6 pts✓ pass[7-8,17-18]
No new shares issued23.5%✗ fail[11-12]
Gross margin improvedn/a
Asset turnover improvedn/a[6,9]
Cash, filings, liquidity
Cash and equivalents$2.0M[3]
Operating cash flow, four quarters-$68.7M[3,5,19-22]
Months of runway0.3
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing58
10-Q received Aug 12, 2026
Median daily dollar volume$21.2M
63 sessions
Days since newest grade input192

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$325.6M2025-12-312026-03-3110-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$73.8M2020-12-312021-03-0110-Kfiling · viewer · series
3cashus-gaap:CashAndCashEquivalentsAtCarryingValue$2.0M2026-06-302026-08-1210-Qfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss-$3.4M2025-12-312026-03-3110-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$116.1M2025-12-312026-03-3110-Kfiling · viewer · series
6assetsus-gaap:Assets$277.1M2024-12-312026-03-3110-Kfiling · viewer · series
7current assetsus-gaap:AssetsCurrent$215.7M2025-12-312026-03-3110-Kfiling · viewer · series
8current liabilitiesus-gaap:LiabilitiesCurrent$78.1M2025-12-312026-03-3110-Kfiling · viewer · series
9assetsus-gaap:Assets$378.3M2023-12-312025-03-3110-Kfiling · viewer · series
10assetsus-gaap:Assets$591.0M2022-12-312024-04-0110-Kfiling · viewer · series
11shares outstandingdei:EntityCommonStockSharesOutstanding71,996,1712026-03-272026-03-3110-Kfiling · viewer · series
12shares outstandingdei:EntityCommonStockSharesOutstanding58,305,8452025-04-172025-04-3010-K/Afiling · viewer · series
13shares outstandingdei:EntityCommonStockSharesOutstanding72,388,3162026-08-072026-08-1210-Qfiling · viewer · series
14net incomeus-gaap:NetIncomeLoss-$156.8M2024-12-312026-03-3110-Kfiling · viewer · series
15long term debtus-gaap:LongTermDebt$87.9M2025-12-312026-03-3110-Kfiling · viewer · series
16long term debtus-gaap:LongTermDebt$164.9M2024-12-312026-03-3110-Kfiling · viewer · series
17current assetsus-gaap:AssetsCurrent$134.1M2024-12-312026-03-3110-Kfiling · viewer · series
18current liabilitiesus-gaap:LiabilitiesCurrent$79.5M2024-12-312026-03-3110-Kfiling · viewer · series
19operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$10.4M2026-06-302026-08-1210-Qfiling · viewer · series
20operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$14.5M2026-03-312026-05-1310-Qfiling · viewer · series
21operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$76.3M2025-09-302025-11-1310-Qfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$57.8M2025-06-302026-08-1210-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

Pages
Home · Companies · Sectors · Calendar · Last night
Screens
Warnings · Price and condition · Then and now · Size bands · Ceased filers
Tools
Time machine · Point in time · Data exports · Run log · Forecast log · EDGAR company search
Method
Method · Coverage · About
Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026