Oatly Group AB (OTLY)
Oatly Group AB, a company established in 1994 and based in Malmö, Sweden, specializes in the production of plant-based dairy alternatives. Utilizing oats as its core ingredient, Oatly offers a comprehensive array of food and beverage products, including its popular Barista edition oat milk, oat-based yogurts, a variety of frozen desserts and ice creams, and ready-to-drink beverages such as cold brew, mocha, and matcha lattes, as well as original and chocolate mini oat drinks. Their culinary range also features cooking creams (available in regular and organic versions), crème fraîche, whipping cream, vanilla custard, and various spreads. The company was formerly known as Havre Global AB, officially adopting the name Oatly Group AB in March 2021.
Sector: Food and Kindred Products
Industry: Packaged Foods
Oatly Group AB
NASDAQ:OTLYConsumer Defensive · Beverages - Non-Alcoholic
-0.64%$7.81
Prev close$7.860.00%Open$7.86-0.64%Now$7.81
Mkt Cap$249.24M
Float17.93M
O/S31.91M
VOL5K sh
$ Vol$37K
RVOL0.03×
Inst Own13.0%
SI2.2%
Dilution
Financials Summary
Revenue$862.46M
Net Income-$152.77M
Total Assets$787.2M
Free Cash Flow-$36.12M
Debt & Equity
Debt 97%
Equity 3%
Total Debt$560.24M
Total Equity$18.55M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:20
Nasdaq bars a compliance period at 1:250
- 1:20Reverse splitFeb 18, 202520 shares → 1
Balance Sheet Details
Assets$787.2M
Liabilities$767.53M
Accounts Receivable$121.37M
Accounts Payable$66.48M
Inventory$68.54M
PP&E (Net)$332.6M
Goodwill$128.49M
Intangible Assets$9.26M
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 | $862.46M | $823.67M | $783.35M | $722.24M | $643.19M | $421.35M | $204.05M |
| YoY Growth | 4.7% | 5.1% | 8.5% | 12.3% | 52.6% | 106.5% | - |
| Cost of Revenue | $585.4M | $587.17M | $631.26M | $642.21M | $488.18M | $292.11M | $137.46M |
| Gross Profit | $277.06M | $236.49M | $152.08M | $80.03M | $155.01M | $129.24M | $66.58M |
| Gross Margin | 32.1% | 28.7% | 19.4% | 11.1% | 24.1% | 30.7% | 32.6% |
| Research and Development | $18.57M | $30.14M | $21.05M | $22.26M | $16.77M | $6.83M | $4.31M |
| Selling, General, and Administrative | $320.64M | $324.72M | $373.4M | $412.8M | $353.93M | $167.79M | $93.44M |
| Other | $5.57M | $67.79M | $214.65M | $40.95M | -$1.94M | $1.71M | -$409K |
| Total Operating Expenses | $344.79M | $422.64M | $609.1M | $476.01M | $368.76M | $176.34M | $97.34M |
| Operating Income (EBIT) | -$67.73M | -$186.15M | -$457.01M | -$395.99M | -$213.74M | -$47.09M | -$30.76M |
| Operating Margin | -7.9% | -22.6% | -58.3% | -54.8% | -33.2% | -11.2% | -15.1% |
| Interest Expense | $77.19M | $68.36M | $49.33M | $14.54M | $15.45M | $12.47M | $2.5M |
| Interest Income | $0 | $10.28M | $12.67M | $2.14M | $1.77M | $244K | -$100K |
| Other Income (Expense) | -$77.19M | -$12.42M | $48.85M | -$1.41M | -$1.3M | -$10.86M | -$3.61M |
| Income Before Tax (EBT) | -$144.92M | -$198.57M | -$408.17M | -$397.39M | -$215.05M | -$57.95M | -$34.37M |
| Income Tax Expense | $8.2M | $3.7M | $8.89M | -$4.83M | -$2.65M | $2.41M | $1.26M |
| Net Income | -$152.77M | -$201.95M | -$416.87M | -$392.57M | -$212.39M | -$60.36M | -$35.63M |
| Net Income Margin | -17.7% | -24.5% | -53.2% | -54.4% | -33.0% | -14.3% | -17.5% |
| Supplementary Data | |||||||
| EPS | -5.03 | -6.75 | -14.07 | -13.25 | -7.71 | -2.04 | -1.20 |
| Diluted EPS | -5.03 | -6.75 | -14.07 | -13.25 | -7.71 | -2.04 | -1.20 |
| Weighted Average OS | 30.38M | 29.84M | 29.68M | 29.60M | 27.45M | 29.59M | 29.59M |
| EBITDA | -$96.35M | -$86.13M | -$288.05M | -$335.15M | -$172.15M | -$32.96M | -$23.78M |
| EBITDA Margin | -11.2% | -10.5% | -36.8% | -46.4% | -26.8% | -7.8% | -11.7% |
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 | $64.34M | $98.92M | $249.3M | $82.64M | $295.57M | $105.36M | $10.57M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $249.94M | $0 | $0 |
| Cash and Short-Term Investments | $64.34M | $98.92M | $249.3M | $82.64M | $545.51M | $105.36M | $10.57M |
| Accounts Receivable | $121.37M | $124.04M | $147.49M | $115.94M | $134.27M | $71.3M | $48.73M |
| Inventory | $68.54M | $65.6M | $67.88M | $114.47M | $95.66M | $39.12M | $28.81M |
| Other Current Assets | $129K | $0 | -$4K | $142.7M | $0 | $12.88M | $0 |
| Total Current Assets | $265.19M | $299.13M | $483.38M | $482.25M | $807.06M | $240.16M | $94.91M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $332.6M | $339.74M | $448.68M | $601.55M | $668.1M | $275.73M | $120.03M |
| Goodwill | $128.49M | $107.24M | $118.21M | $112.9M | $130.36M | $143.83M | $126.63M |
| Intangible Assets | $9.26M | $8.97M | $12.11M | $14.78M | $15.56M | $12.64M | $3.86M |
| Long-Term Investments | $0 | $29.7M | $28.6M | $4.78M | $0 | $6.55M | $3.8M |
| Deferred Tax Assets | $4.68M | $4.56M | $0 | $5.86M | $2.29M | $26K | $8K |
| Other Long-Term Assets | $46.99M | $14.65M | $25.98M | $3.07M | $5.53M | $262 | $0 |
| Total Long-Term Assets | $522.01M | $504.85M | $633.59M | $742.95M | $821.85M | $438.77M | $254.32M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $787.2M | $803.98M | $1.12B | $1.23B | $1.63B | $678.93M | $349.23M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $66.48M | $60.15M | $64.37M | $82.52M | $93.04M | $45.3M | $29.96M |
| Short-Term Debt | $340.27M | $330.15M | $329.58M | $49.92M | $5.99M | $111.65M | $38.26M |
| Current Income Tax Payable | $0 | $8.71M | $2.73M | $5.51M | $9.53M | $5.04M | $523K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | -$850K | $0 |
| Other Current Liabilities | $17.59M | $18.97M | $39M | $56.48M | $653K | $2.54M | $17.97M |
| Total Current Liabilities | $557.32M | $535.06M | $583.65M | $341.91M | $243.39M | $228.64M | $96.4M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $182.78M | $116.22M | $114.25M | $2.67M | $0 | $91.66M | $40.42M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $4K | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $2.68M | $1.31M | $462K |
| Other Long-Term Liabilities | $2.7M | $14.86M | $10.72M | $7.19M | $11.03M | $7.35M | $221K |
| Total Long-Term Liabilities | $210.21M | $162.8M | $197.53M | $92.15M | $140.23M | $124.2M | $65.02M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $767.53M | $697.86M | $781.19M | $434.05M | $383.61M | $352.84M | $161.43M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $110K | $106K | $105K | $105K | $105K | $21K | $19K |
| Retained Earnings | -$1.4B | -$1.25B | -$1.06B | -$665.52M | -$308.42M | -$119.66M | -$60.32M |
| Comprehensive Income & Other | -$225.35M | -$274.16M | -$233.2M | -$171.48M | -$74.49M | -$2.52M | -$19.71M |
| Other Stockholders' Equity | $1.42B | $1.35B | $1.39B | $1.46B | $1.55B | $445.73M | $248.11M |
| Total Equity | $18.55M | $104.69M | $333.99M | $791.14M | $1.25B | $326.09M | $187.81M |
| Minority Interest | $1.12M | $1.44M | $1.79M | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $786.08M | $802.54M | $1.12B | $1.23B | $1.63B | $678.93M | $349.23M |
| Supplementary Data | |||||||
| Total Debt | $560.24M | $491.45M | $532.84M | $151.7M | $149.21M | $233.45M | $102.6M |
| Net Debt | $495.89M | $392.53M | $283.54M | $69.05M | -$146.37M | $128.09M | $92.03M |
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 | -$152.77M | -$202.27M | -$416.87M | -$392.57M | -$212.39M | -$60.36M | -$35.63M |
| Depreciation & Amortization | $48.57M | $49.97M | $51.7M | $48.31M | $27.22M | $13.12M | $8.09M |
| Deferred Income Tax | $8.2M | $3.7M | -$4.29M | -$4.83M | -$2.65M | $836K | $1.26M |
| Stock-Based Compensation | $13.26M | $13.6M | $21.45M | $35.47M | $23.63M | $1.01M | $1.92M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $14.4M | $14.79M | -$2.51M | $6.99M | -$79.28M | -$38.68M | -$29.12M |
| Inventory | -$6.18M | -$3.46M | $30.6M | -$55.02M | -$58.61M | -$10.3M | -$20.19M |
| Accounts Payable | $1.92M | -$16.36M | -$9.87M | $31.83M | $92.17M | $43.61M | $32.61M |
| Other Working Capital | $0 | $0 | $0 | $0 | -$5.08M | -$54K | $0 |
| Total Working Capital Change | $10.14M | -$5.03M | $18.22M | -$16.19M | -$50.79M | -$5.42M | -$16.69M |
| Other Non-Cash Items | $48.88M | $25.61M | $164.17M | $60.85M | $1.16M | $6.51M | $1.93M |
| Net Cash from Operating | -$23.72M | -$114.43M | -$165.63M | -$268.95M | -$213.83M | -$44.31M | -$39.12M |
| Investing Activities | |||||||
| Capital Expenditures | -$12.4M | -$39.14M | -$66.09M | -$201.66M | -$281.6M | -$134.28M | -$53.57M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$1.65M | $0 | -$384.98M | $0 | -$527K |
| Sales of Investments | $0 | $0 | $0 | $0 | $123.17M | $364K | $0 |
| Other Investing Activities | -$3.15M | $29.89M | $41.05M | $236.45M | -$917K | -$7.45M | -$10.59M |
| Net Cash from Investing | -$15.54M | -$9.25M | -$26.7M | $34.79M | -$544.33M | -$141.37M | -$64.69M |
| Financing Activities | |||||||
| Debt Repaid | $167.09M | $22.32M | -$62.59M | -$35.92M | $104.19M | -$81.78M | $3.99M |
| Common Stock Issuance | $181.98M | $0 | $0 | $0 | $1.04B | $191.63M | $41.97M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$13.7M | -$4.96M | $292.4M | $0 | $22.66M | $491K | $7.51M |
| Net Cash from Financing | $1.18M | -$27.29M | $355M | $35.92M | $955.8M | $273.91M | $95.54M |
| Forex Effect | $3.5M | $591K | $3.98M | -$14.7M | -$7.43M | $6.57M | -$1.9M |
| Net Change in Cash | -$34.58M | -$150.38M | $166.66M | -$212.93M | $190.21M | $94.79M | -$10.16M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$23.72M | -$114.43M | -$165.63M | -$268.95M | -$213.83M | -$44.31M | -$39.12M |
| Capital Expenditure | -$12.4M | -$41.2M | -$69.05M | -$206.16M | -$281.6M | -$141.74M | -$56.56M |
| Free Cash Flow | -$36.12M | -$155.62M | -$234.67M | -$475.11M | -$495.43M | -$186.04M | -$95.68M |
| Cash at Beginning | $98.92M | $249.3M | $82.64M | $295.57M | $105.36M | $10.57M | $20.73M |
| Cash at End | $64.34M | $98.92M | $249.3M | $82.64M | $295.57M | $105.36M | $10.57M |