ORGN (ORGN)
Origin Materials, Inc.
NASDAQ:ORGNBasic Materials · Chemicals - Specialty
Mkt Cap$5.23M
Float4.84M
O/S5.5M
Inst Own10.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$18.92M
Net Income-$249.7M
Total Assets$157.66M
Free Cash Flow-$63M
Debt & Equity
Debt 21%
Equity 79%
Total Debt$27.71M
Total Equity$104.21M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:30
Nasdaq bars a compliance period at 1:250
- 1:30Reverse splitMar 20, 202630 shares → 1
Balance Sheet Details
Assets$157.66M
Liabilities$53.45M
Accounts Receivable$15.15M
Accounts Payable$3.57M
Inventory$684K
PP&E (Net)$76M
Goodwill$0
Intangible Assets$32K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | 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 | 2019-12-31 |
| Revenue | $18.92M | $31.28M | $28.8M | $0 | $0 | $0 | $0 |
| YoY Growth | -39.5% | 8.6% | - | - | - | - | - |
| Cost of Revenue | $18.38M | $30.86M | $23.59M | $0 | $0 | $0 | $0 |
| Gross Profit | $541K | $418K | $5.21M | $0 | $0 | $0 | $0 |
| Gross Margin | 2.9% | 1.3% | 18.1% | - | - | - | - |
| Research and Development | $13.75M | $18.55M | $21.35M | $14.14M | $9.12M | $4.14M | $6.7M |
| Selling, General, and Administrative | $39.07M | $40.77M | $35.38M | $24.09M | $17.27M | $6.56M | $3.71M |
| Other | $11.18M | $25.96M | $3.36M | $711K | $544K | -$21.88M | -$21.47M |
| Total Operating Expenses | $64M | $85.28M | $60.1M | $38.95M | $26.93M | -$11.18M | -$11.06M |
| Operating Income (EBIT) | -$63.46M | -$84.86M | -$54.88M | -$38.95M | -$26.93M | $11.18M | $11.06M |
| Operating Margin | -335.4% | -271.3% | -190.5% | - | - | - | - |
| Interest Expense | $123K | $371K | $131K | $0 | $2.84M | $341K | $0 |
| Interest Income | $0 | $0 | $6.3M | $8.82M | $1.41M | $341K | $52K |
| Other Income (Expense) | -$185.62M | $1.83M | $77.59M | $117.52M | $69.02M | -$41.48M | -$11.54M |
| Income Before Tax (EBT) | -$249.08M | -$83.03M | $22.71M | $78.57M | $42.09M | -$30.3M | -$479K |
| Income Tax Expense | $621K | $669K | -$1.09M | $0 | $0 | $0 | $0 |
| Net Income | -$249.7M | -$83.7M | $23.8M | $78.57M | $42.09M | -$30.3M | -$479K |
| Net Income Margin | -1319.6% | -267.6% | 82.6% | - | - | - | - |
| Supplementary Data | |||||||
| EPS | -50.55 | -17.54 | 5.11 | 17.13 | 12.47 | -14.53 | -0.33 |
| Diluted EPS | -50.55 | -17.54 | 5.00 | 16.58 | 11.89 | -14.53 | -0.33 |
| Weighted Average OS | 4.94M | 4.77M | 4.66M | 4.59M | 3.37M | 2.08M | 1.28M |
| EBITDA | -$237.78M | -$71.94M | $26.2M | $79.86M | $45.75M | -$10.7M | -$10.41M |
| EBITDA Margin | -1256.6% | -230.0% | 91.0% | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | 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 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $32.92M | $56.31M | $75.5M | $107.86M | $46.64M | $1.31M | $3.05M |
| Short-Term Investments | $20.55M | $46.61M | $82.76M | $215.46M | $397.46M | $0 | $0 |
| Cash and Short-Term Investments | $53.47M | $102.92M | $158.26M | $323.32M | $444.1M | $1.31M | $3.05M |
| Accounts Receivable | $15.15M | $21.7M | $19.58M | $4.35M | $2.61M | $48K | $0 |
| Inventory | $684K | $866K | $912K | $0 | $0 | $0 | $0 |
| Other Current Assets | $11.57M | $13.68M | $8.36M | $3.83M | $692K | $565K | $1.78M |
| Total Current Assets | $80.88M | $139.17M | $187.11M | $331.5M | $451.17M | $2M | $4.95M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $76M | $207.65M | $247.59M | $156.96M | $58.97M | $45.1M | $42.55M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $32K | $73K | $121K | $160K | $215K | $258K | $295K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $621K | $1.26M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $751K | $30.5M | $25.75M | $5.08M | $62K | $62K | $0 |
| Total Long-Term Assets | $76.78M | $238.85M | $274.72M | $162.2M | $59.24M | $45.42M | $42.85M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $157.66M | $378.03M | $461.83M | $493.7M | $510.42M | $47.43M | $47.8M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $3.57M | $2.92M | $1.86M | $10.38M | $2.45M | $2.7M | $1.5M |
| Short-Term Debt | $19.48M | $3.77M | $1.73M | $0 | $0 | $3.23M | $781K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $800K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $231K | $2.65M | $418K | $395K | $483K | $1.24M | $150K |
| Total Current Liabilities | $28.53M | $12.55M | $12.86M | $19.81M | $4.19M | $7.76M | $2.58M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $4.39M | $1.73M | $3.46M | $5.85M | $5.19M | $6.09M | $10.19M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $17M | $21.52M | $18.8M | $88.89M | $196.04M | $33.45M | $6.3M |
| Total Long-Term Liabilities | $24.92M | $27.11M | $26.46M | $96.98M | $202.72M | $39.54M | $16.48M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $53.45M | $39.66M | $39.33M | $116.8M | $206.91M | $47.31M | $19.06M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $96.72M |
| Common Stock | $182K | $15K | $15K | $14K | $16K | $6K | $128 |
| Retained Earnings | -$287.82M | -$38.13M | $45.57M | $21.77M | -$56.8M | -$98.89M | -$68.59M |
| Comprehensive Income & Other | -$10.36M | -$16.71M | -$5.93M | -$15.95M | -$1.25M | $384K | -$410K |
| Other Stockholders' Equity | $391.85M | $376.48M | $376.92M | $355.12M | $360.29M | $99M | $97.32M |
| Total Equity | $104.21M | $338.37M | $422.51M | $376.9M | $303.51M | $123K | $28.73M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $157.66M | $378.03M | $461.83M | $493.7M | $510.42M | $47.43M | $47.8M |
| Supplementary Data | |||||||
| Total Debt | $27.71M | $9.68M | $9.76M | $8.71M | $6.96M | $9.33M | $10.97M |
| Net Debt | -$5.22M | -$46.62M | -$65.74M | -$99.14M | -$39.68M | $8.02M | $7.92M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | 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 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$249.7M | -$83.7M | $23.8M | $78.57M | $42.09M | -$30.3M | -$479K |
| Depreciation & Amortization | $11.18M | $10.71M | $3.36M | $1.29M | $824K | $479K | $646K |
| Deferred Income Tax | $621K | $640K | -$1.25M | $0 | $0 | $0 | $384K |
| Stock-Based Compensation | $8.91M | $10.08M | $9.4M | $7.24M | $5.77M | $1.63M | $44K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $5.81M | -$3.36M | -$15.23M | -$1.73M | -$2.56M | $1.09M | -$428K |
| Inventory | $182K | $46K | -$912K | $0 | $0 | $0 | $0 |
| Accounts Payable | -$1.16M | $373K | $909K | $26K | -$395K | $1.2M | $0 |
| Other Working Capital | $962K | -$7.66M | -$13.2M | -$4.47M | -$59K | $658K | $2.93M |
| Total Working Capital Change | $5.79M | -$10.6M | -$28.43M | -$6.21M | -$3.02M | $2.96M | $2.51M |
| Other Non-Cash Items | $190.4M | $22.03M | -$67.24M | -$106.98M | -$67.71M | $19.78M | -$10.04M |
| Net Cash from Operating | -$32.79M | -$50.83M | -$60.35M | -$26.09M | -$22.04M | -$5.46M | -$7.33M |
| Investing Activities | |||||||
| Capital Expenditures | -$30.21M | -$8.95M | -$102.19M | -$83.69M | -$12.27M | -$1.79M | -$7.15M |
| Acquisitions | $2.46M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$1.07B | -$1.82B | -$3.63B | -$3.82B | -$2.45B | $0 | $0 |
| Sales of Investments | $1.09B | $1.85B | $3.76B | $4B | $2.05B | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$7.91M | -$245K | -$201K | -$268K | $0 |
| Net Cash from Investing | -$1.07M | $28.56M | $26.23M | $88.85M | -$411.64M | -$2.05M | -$7.15M |
| Financing Activities | |||||||
| Debt Repaid | -$8.73M | $4.79M | - | - | -$11.71M | -$3.17M | -$880K |
| Common Stock Issuance | $253K | $0 | $0 | $399K | $74K | $1K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $1.68M | $8.35M | $146K | $849K | $468.07M | $2.66M | $3.54M |
| Net Cash from Financing | $10.66M | $3.56M | $146K | $1.25M | $478.95M | $5.83M | $4.42M |
| Forex Effect | -$182K | -$480K | $1.13M | -$2.78M | -$14K | -$52K | $425K |
| Net Change in Cash | -$23.38M | -$19.2M | -$32.85M | $61.22M | $45.25M | -$1.74M | -$9.64M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$32.79M | -$50.83M | -$60.35M | -$26.09M | -$22.04M | -$5.46M | -$7.33M |
| Capital Expenditure | -$30.21M | -$8.95M | -$110.1M | -$83.69M | -$12.47M | -$2.05M | -$7.15M |
| Free Cash Flow | -$63M | -$59.78M | -$170.46M | -$109.78M | -$34.51M | -$7.51M | -$14.48M |
| Cash at Beginning | $56.31M | $75.5M | $108.35M | $47.13M | $1.87M | $3.61M | $13.25M |
| Cash at End | $32.92M | $56.31M | $75.5M | $108.35M | $47.13M | $1.87M | $3.61M |