OneMedNet Corp (ONMD)
OneMedNet Corporation offers advanced solutions for clinical imaging. Their core product, iRWD, is an artificial intelligence-driven platform that securely anonymizes, searches for, and organizes imaging data. This system is utilized by their extensive network of medical and academic research institutions, with the goal of fostering significant progress in medical research, new discoveries, and diagnostic techniques across the broader field of life sciences. The company's operations are based out of Eden Prairie, Minnesota.
Sector: Services-Commercial Physical & Biological Research
Industry: Medical - Healthcare Information Services
OneMedNet Corporation
NASDAQ:ONMDHealthcare · Medical - Healthcare Information Services
-1.64%$4.21
CLOSED · Nov 3Prev close$4.28-1.64%Close$4.210.00%AH close$4.21
AH$4.21+0.00%vs close
Mkt Cap$25.31M
Float3.08M
O/S6.01M
VOL16K sh
$ Vol$68K
RVOL0.53×
Inst Own15.8%
Dilution
Financials Summary
Revenue$1.36M
Net Income-$2.8M
Total Assets$2.15M
Free Cash Flow-$7.52M
Debt & Equity
Total Debt$570K
Total Equity-$2.96M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitSep 29, 202610 shares → 1
Balance Sheet Details
Assets$2.15M
Liabilities$5.12M
Accounts Receivable$495K
Accounts Payable$0
Inventory$0
PP&E (Net)$56K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $1.36M | $643K | $1.02M | $1.15M | $1.09M | $824K |
| YoY Growth | 111.4% | -37.0% | -11.4% | 5.6% | 32.5% | - |
| Cost of Revenue | $1.86M | $924K | $1.15M | $1.51M | $1.21M | $612K |
| Gross Profit | -$503K | -$281K | -$129K | -$360K | -$113K | $212K |
| Gross Margin | -37.0% | -43.7% | -12.6% | -31.2% | -10.4% | 25.8% |
| Research and Development | $1.51M | $1.47M | $2.06M | $1.59M | $643K | $307K |
| Selling, General, and Administrative | $7.65M | $7.86M | $4.66M | $13.84M | $1.8M | $2.38M |
| Other | $0 | $0 | $0 | -$8.07M | $152K | $455K |
| Total Operating Expenses | $9.16M | $9.32M | $6.72M | $7.36M | $2.6M | $3.14M |
| Operating Income (EBIT) | -$9.67M | -$9.61M | -$6.85M | -$7.71M | -$2.71M | -$2.93M |
| Operating Margin | -711.3% | -1493.8% | -671.2% | -669.1% | -248.3% | -355.8% |
| Interest Expense | $67K | $147K | $11K | $403K | $195K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $194K |
| Other Income (Expense) | $6.87M | -$522K | -$26.91M | -$22.72M | -$230K | $111K |
| Income Before Tax (EBT) | -$2.8M | -$10.13M | -$33.76M | -$30.43M | -$2.94M | -$2.82M |
| Income Tax Expense | $1K | $2K | $18K | $17K | $0 | $0 |
| Net Income | -$2.8M | -$10.13M | -$33.78M | -$30.45M | -$2.94M | -$2.82M |
| Net Income Margin | -206.1% | -1575.3% | -3308.5% | -2641.0% | -269.4% | -342.4% |
| Supplementary Data | ||||||
| EPS | -0.60 | -3.60 | -47.70 | -25.10 | -2.00 | -1.90 |
| Diluted EPS | -0.60 | -3.60 | -47.70 | -25.10 | -2.00 | -1.90 |
| Weighted Average OS | 4.45M | 2.81M | 708,407 | 1.21M | 1.50M | 1.50M |
| EBITDA | -$2.67M | -$9.92M | -$33.72M | -$30.41M | -$2.73M | -$2.92M |
| EBITDA Margin | -196.3% | -1543.2% | -3302.9% | -2637.4% | -250.1% | -354.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $585K | $172K | $47K | $271K | $699K | $79K |
| Short-Term Investments | $506K | $2.85M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.09M | $3.02M | $47K | $271K | $699K | $79K |
| Accounts Receivable | $495K | $213K | $152K | $19K | $92K | $195K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $509K | $385K | $166K | $101K | $42K | $19K |
| Total Current Assets | $2.1M | $3.62M | $364K | $391K | $833K | $294K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $56K | $108K | $99K | $83K | $50K | $34K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $815K | $0 | $0 |
| Total Long-Term Assets | $56K | $108K | $99K | $898K | $50K | $34K |
| Other Assets | $0 | $0 | $0 | $0 | -$1 | $0 |
| Total Assets | $2.15M | $3.73M | $463K | $1.29M | $883K | $328K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $6.37M | $4.18M | $1.18M | $0 | $0 |
| Short-Term Debt | $350K | $8.76M | $4.64M | $24.74M | $3.35M | $1.05M |
| Current Income Tax Payable | $0 | $0 | $233K | $285K | $0 | $0 |
| Current Unearned Revenue | $389K | $561K | $254K | $184K | $642K | $106K |
| Other Current Liabilities | $3.79M | $283K | $0 | $0 | $759K | $391K |
| Total Current Liabilities | $4.83M | $19.23M | $12.83M | $26.1M | $4.75M | $1.55M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $220K | $0 | $465K | $1.5M | $1.55M | $1.55M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $71K | $449K | $25K | $44K | $288K | $93K |
| Total Long-Term Liabilities | $291K | $449K | $490K | $1.54M | $1.83M | $1.64M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.12M | $19.68M | $13.32M | $27.65M | $6.59M | $3.19M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $17.64M | $705 | $705 |
| Common Stock | $2K | $2K | $2K | $0 | $434 | $383 |
| Retained Earnings | -$104.37M | -$101.57M | -$55.08M | -$57.66M | -$25.31M | -$22.37M |
| Comprehensive Income & Other | $0 | $0 | -$0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $101.4M | $85.62M | $42.22M | $31.3M | $19.61M | $19.51M |
| Total Equity | -$2.96M | -$15.95M | -$12.86M | -$26.36M | -$5.7M | -$2.86M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.15M | $3.73M | $463K | $1.29M | $883K | $328K |
| Supplementary Data | ||||||
| Total Debt | $570K | $8.76M | $5.1M | $26.24M | $4.9M | $2.6M |
| Net Debt | -$15K | $8.59M | $5.05M | $25.97M | $4.2M | $2.52M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$2.8M | -$10.13M | -$33.78M | -$30.45M | -$2.94M | -$2.82M |
| Depreciation & Amortization | $65K | $57K | $28K | $25K | $14K | $14K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $2.03M | $628K | $1.48M | $1.86M | $98K | $607K |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$282K | -$61K | -$133K | $73K | $81K | -$92K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $1.49M | $717K | $1.93M | $0 | $0 |
| Other Working Capital | $388K | $73K | $27K | -$2.03M | $903K | $402K |
| Total Working Capital Change | $106K | $1.5M | $611K | -$29K | $984K | $311K |
| Other Non-Cash Items | -$6.91M | $956K | $26.88M | $23.89M | $0 | -$235K |
| Net Cash from Operating | -$7.5M | -$6.98M | -$4.79M | -$4.7M | -$1.84M | -$2.13M |
| Investing Activities | ||||||
| Capital Expenditures | -$13K | -$51K | -$44K | -$58K | -$30K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$2.75M | -$2.9M | $0 | $0 | $0 | $0 |
| Sales of Investments | $5.07M | $969K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $2.31M | -$1.98M | -$44K | -$58K | -$30K | $0 |
| Financing Activities | ||||||
| Debt Repaid | $663K | - | $8.67M | -$5.14M | -$2.49M | -$1.33M |
| Common Stock Issuance | $2.56M | $6.27M | $0 | $2.83M | $0 | $0 |
| Common Stock Repurchases | $0 | -$200K | $0 | -$88.55M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $1.18M | -$100K | -$1.53M | $84.92M | $0 | $0 |
| Net Cash from Financing | $5.61M | $9.09M | $4.61M | $4.33M | $2.49M | $1.33M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | -$22K |
| Net Change in Cash | $413K | $125K | -$224K | -$428K | $620K | -$816K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$7.5M | -$6.98M | -$4.79M | -$4.7M | -$1.84M | -$2.13M |
| Capital Expenditure | -$13K | -$51K | -$44K | -$58K | -$30K | $0 |
| Free Cash Flow | -$7.52M | -$7.03M | -$4.83M | -$4.76M | -$1.87M | -$2.13M |
| Cash at Beginning | $172K | $47K | $271K | $699K | $79K | $895K |
| Cash at End | $585K | $172K | $47K | $271K | $699K | $79K |