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Outset Medical, Inc (OM) Fair Value & Analysis

Healthcare · US · Market cap $93.6M

OM Outset Medical, Inc logo Outset Medical, Inc OM · US
Price$4.63
Fair Value$6.11
Upside+32.0%
Quality95/100
Evidence: Low Range $4.04 – $7.64

Fair value as of: Jun 25, 2026

From 1 valuation models · updated 4 days ago

Fair value updated Jun 25, 2026 — revised from $30.82 to $6.11 (−80.2%) since Jun 24, 2026. Share price −11.5% over the past month.

Price vs Fair Value (12 months)

$22.35 $3.38 Fair Value $6.11 Jun 2025 Jun 2026

12‑month range $3.38 – $22.35 · fair‑value band $4.04 – $7.64 · the $4.63 price screens below the $6.11 fair value. As of Jun 25, 2026.

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Analysis

Outset Medical, Inc (OM) currently trades at $4.63, while our model-based Fair Value estimate is $6.11 — implying the stock looks roughly 32.0% undervalued today. We read business quality at 95/100 (high quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Outset Medical, Inc generated revenue of $118M at a net margin of -63.7%. Revenue declined 6.3% year over year. It earns a return on equity of -53.2%. Net debt stands at $66.2M. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) $118M
Revenue growth (YoY) -6.3%
Net margin -63.7%
Return on equity -53.2%
Free cash flow −$47.1M FY2025
Operating margin -60.7%
More key figures
EPS (TTM) $-2.74
Net debt $66.2M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Outset Medical, Inc., a medical technology company, engages in the development of a hemodialysis system for hemodialysis in the United States. The company provides Tablo Hemodialysis System, a compact console with integrated water purification, on-demand dialysate production, and software and connectivity capabilities; and manufactures, supports, and distributes for Tablo console, Tablo cartridge, and other consumables. It also offers Tablo Data Ecosystem, including TabloHub, a consumer-facing portal; MyTablo, a patient-facing portal; and TabloDash, an internal data analytics platform. The company was formerly known as Home Dialysis Plus, Ltd. and changed its name to Outset Medical, Inc. in January 2015. Outset Medical, Inc. was incorporated in 2003 and is headquartered in San Jose, California.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Outset Medical, Inc reported revenue of $119M in FY2025 versus $103M in FY2021, a compound +3.9%/yr. Reported net income was −$81.7M in FY2025.

Revenue +3.9%/yr
FY21 $103M
FY22 $115M
FY23 $130M
FY24 $114M
FY25 $119M
Net income
FY21 −$132M
FY22 −$163M
FY23 −$173M
FY24 −$128M
FY25 −$81.7M

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6 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).

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Stryker Corporation S1YK34 R$77.83 R$8.47 -89%
Medtronic plc MDT $80.25 $74.40 -7%
Boston Scientific Corporation B1SX34 R$248.75 R$221.81 -11%
Edwards Lifesciences Corporation EW $85.88 $41.02 -52%
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Frequently asked questions

Is Outset Medical, Inc (OM) undervalued?
As of Jun 25, 2026, our model estimates a fair value of $6.11 versus a price of $4.63 — about +32% (undervalued). Model-based estimate, not financial advice.
What is the fair value of OM?
Our 21-model fair value for Outset Medical, Inc is $6.11 (as of Jun 25, 2026), built from audited fundamentals. The current price is $4.63.
What is the quality score of OM?
Outset Medical, Inc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Outset Medical, Inc (OM)?
Outset Medical, Inc reported trailing-twelve-month revenue of about $118M (latest available figure, as of Jun 25, 2026).
What is the net profit margin of OM?
The net profit margin of Outset Medical, Inc is about -63.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.