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Outlook Therapeutics, Inc.

For the period ended Sep 30, 2025. Filed Dec 19, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Dec 19, 2025

OTLK$0.46+5.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

​ · ​
​​Page
​Cautionary Note Regarding Forward-Looking Statements and Industry Dataii
​Selected Risks Affecting Our Businessiii
PART I​1
ITEM 1.Business1
ITEM 1A.Risk Factors26
ITEM 1B.Unresolved Staff Comments83
ITEM 1C.Cybersecurity83
ITEM 2.Properties84
ITEM 3.Legal Proceedings84
ITEM 4.Mine Safety Disclosures84
​​​
PART II​85
ITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities85
ITEM 6.Reserved.85
ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations86
ITEM 7A.Quantitative and Qualitative Disclosures about Market Risk103
ITEM 8.Consolidated Financial Statements and Supplementary Data104
ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure134
ITEM 9A.Controls and Procedures134
ITEM 9B.Other Information135
​​​
PART III​136
ITEM 10.Directors, Executive Officers and Corporate Governance136
ITEM 11.Executive Compensation136
ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters137
ITEM 13.Certain Relationships and Related Transactions, and Director Independence137
ITEM 14.Principal Accounting Fees and Services137
​​​
PART IV​138
ITEM 15.Exhibits and Financial Statement Schedules138

In this report, unless otherwise stated or as the context otherwise requires, references to “Outlook Therapeutics,” “Outlook,” “the Company,” “we,” “us,” “our” and similar references refer to Outlook Therapeutics, Inc. (formerly known as Oncobiologics, Inc.) and its consolidated subsidiaries. The Outlook logo, Oncobiologics logo, LYTENAVA and other trademarks or service marks of Outlook Therapeutics, Inc. appearing in this report are the property of Outlook Therapeutics, Inc. This report also contains registered marks, trademarks and trade names of other companies. All other trademarks, registered marks and trade names appearing in this report are the property of their respective holders.

Currency translations between Swiss Francs, or CHF, and United States dollars provided herein are based on the noon buying rate in New York City for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York on September 30, 2025, or CHF 0.80 = $1.00. We do not represent that CHF were, could have been, or could be, converted into United States dollars at such rate or at any other rate.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.