OCSOculis Holding AG

$8.62-55% 1Y

Is the business good?

How good a business is OCS?

Oculis Holding AG earns −79% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−79%

Return on invested capital · cost of capital 9.0% · 88 points below what the capital costs: growth destroys value

Operating margin
−7762%

Operating margin · Biotechnology median −77% · 12 months to Q2 2025

Share count, year on year
+56%

Share count, year on year · shareholders own a smaller slice than a year ago

R&D as % of revenue
5633%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY2020−1242%
FY2021−1378%
FY2022−3550%
FY2023−9141%
FY2024−10671%
FY2025−6812%
Details›
Operating margin12 months to Q2 2025
−7762%
Net margin12 months to Q2 2025
−9439%
R&D as % of revenue
5633%
Revenue, trailing twelve months
$1.0M
Net income, trailing twelve months
−$96M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−79%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.