Outset Medical, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
OM$4.22+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(51,648) | $(62,162) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 7,837 | 11,553 |
| Depreciation and amortization | 2,088 | 3,460 |
| Non-cash lease expense | 1,257 | 1,173 |
| Non-cash interest expense | 2,131 | 2,045 |
| Amortization of premium on investments, net | (1,176) | (1,717) |
| Change in provision for inventories | 61 | (203) |
| Change in provision for credit losses | 1,639 | 650 |
| Loss on disposal of property and equipment | — | 5 |
| Loss on extinguishment of term loan | — | 7,685 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,717) | 2,007 |
| Inventories | 2,289 | 10,301 |
| Prepaid expenses and other assets | 1,670 | 360 |
| Accounts payable | 3,737 | (2,164) |
| Accrued compensation and related benefits | (770) | (5,966) |
| Accrued expenses and other current liabilities | 3,770 | (1,216) |
| Accrued warranty liability | (350) | (575) |
| Deferred revenue | (511) | 1,979 |
| Operating lease liabilities | (1,165) | (1,326) |
| Accrued interest | — | (2,695) |
| Net cash used in operating activities | (32,858) | (36,806) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (285) | (575) |
| Purchases of investment securities | (65,637) | (193,748) |
| Sales and maturities of investment securities | 97,651 | 88,049 |
| Net cash provided by (used in) investing activities | 31,729 | (106,274) |
| Cash flows from financing activities: | ||
| Proceeds from ESPP purchases | 589 | 639 |
| Payments on finance lease liabilities | (232) | — |
| Repayment of term loan and extinguishment costs | — | (204,954) |
| Proceeds from issuance of term loan, net of issuance costs | — | 98,270 |
| Proceeds from issuance of Series A convertible preferred stock, net of issuance costs | — | 161,548 |
| Net cash provided by financing activities | 357 | 55,503 |
| Net decrease in cash, cash equivalents and restricted cash | (772) | (87,577) |
| Cash, cash equivalents and restricted cash as of beginning of period | 38,835 | 127,343 |
| Cash, cash equivalents and restricted cash as of end of period | $38,063 | $39,766 |
| Summary of cash, cash equivalents and restricted cash reported within the balance sheets: | ||
| Cash and cash equivalents | $33,942 | $36,437 |
| Restricted cash | 4,121 | 3,329 |
| Total cash, cash equivalents and restricted cash | $38,063 | $39,766 |
Condensed Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental cash flow disclosures: | ||
| Cash paid for income taxes | $868 | $328 |
| Cash paid for interest | $8,123 | $12,906 |
| Cash paid for amounts included in the measurement of operating lease liabilities | $1,165 | $1,326 |
| Supplemental non-cash investing and financing activities: | ||
| Right-of-use assets obtained in exchange for finance lease liabilities | $1,900 | $— |
| Right-of-use assets obtained in exchange for operating lease liabilities | $895 | $— |
| Fair value of common stock warrant | $— | $4,367 |
| Capital expenditures included in accounts payable and accrued expenses | $152 | $42 |
| Transfer of inventories to property and equipment | $270 | $— |
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