OSI SYSTEMS INC

For the period ended Jun 30, 2025. Filed Aug 25, 2025.

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 Aug 25, 2025

OSIS$197.00-2.2%Stored close · as of Nov 10, 2026

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

See the whole filing, with its images and exhibits

Contents

Supplementary Data—Unaudited Quarterly Results

SUPPLEMENTARY DATA

UNAUDITED QUARTERLY RESULTS

The following tables present unaudited quarterly financial information for the four quarters in the fiscal years ended June 30, 2024 and 2025 (in thousands, except per share data):


· · Quarter Ended
· · September 30, · · December 31, · · March 31, · · June 30,
· 2023 · 2023 · 2024 · 2024
· · (Unaudited)
Net revenues	$279,210	$373,235	$405,406	$480,907
Costs of goods sold	180,465	231,934	269,311	326,590
Gross profit	98,745	141,301	136,095	154,317
Operating expenses:
Selling, general and administrative	59,798	71,604	66,584	71,745
Research and development	15,922	16,350	17,144	15,859
Restructuring and other charges, net	466	1,026	1,004	3,895
Total operating expenses	76,186	88,980	84,732	91,499
Income from operations	22,559	52,321	51,363	62,818
Interest and other expense, net	(5,748)	(6,534)	(7,407)	(8,158)
Income before income taxes	16,811	45,787	43,956	54,660
Provision for income taxes	(3,932)	(9,234)	(9,913)	(9,981)
Net income	$12,879	$36,553	$34,043	$44,679
Basic earnings per common share	$0.77	$2.15	$2.00	$2.62
Diluted earnings per common share	$0.75	$2.11	$1.95	$2.55

· · · · · · · · · · · ·
· · Quarter Ended
· · September 30, · · December 31, · · March 31, · · June 30,
· 2024 · 2024 · 2025 · 2025
· · (Unaudited)
Net revenues	$344,007	$419,820	444,354	504,985
Costs of goods sold	222,505	272,669	294,063	336,747
Gross profit	121,502	147,151	150,291	168,238
Operating expenses:
Selling, general and administrative	72,223	70,722	73,249	74,685
Research and development	17,773	18,257	18,570	18,844
Restructuring and other charges, net	1,178	215	2,255	1,687
Total operating expenses	91,174	89,194	94,074	95,216
Income from operations	30,328	57,957	56,217	73,022
Interest and other expense, net	(7,359)	(8,619)	(8,228)	(7,224)
Income before income taxes	22,969	49,338	47,989	65,798
Provision for income taxes	(5,033)	(11,519)	(6,855)	(13,050)
Net income	$17,936	$37,819	$41,134	$52,748
Basic earnings per common share	$1.07	$2.26	$2.45	$3.14
Diluted earnings per common share	$1.05	$2.22	$2.40	$3.03

INDEX TO EXHIBITS


No.		EXHIBIT DESCRIPTION

3.1		Certificate of Incorporation of OSI Systems, Inc. (1)
3.2		Amended and Restated Bylaws of OSI Systems, Inc. (18)
4.1		Form of Common Stock Certificate (1)
4.2		Indenture, dated as of July 19, 2024, between OSI Systems, Inc. and U.S. Bank Trust Company, National Association, as trustee. (13)
4.3		Form of certificate representing the 2.25% Convertible Senior Notes due 2029 (included as Exhibit A to Exhibit 4.2). (13)
4.4*		Description of Capital Stock
10.1†		Second Amended and Restated OSI Systems, Inc. Deferred Compensation Plan (2)
10.2†		OSI Systems, Inc. Nonqualified Defined Benefit Plan (3)
10.3†		Amended and Restated OSI Systems, Inc. 2008 Employee Stock Purchase Plan (4)
10.4†		First Amendment to Amended and Restated OSI Systems, Inc. 2008 Employee Stock Purchase Plan (14)
10.5†		Form of Indemnification Agreement for Directors and Executive Officers of OSI Systems, Inc. (5)
10.6		Ninth Amendment to Credit Agreement dated July 1, 2025 between Wells Fargo Bank, N.A. and OSI Systems, Inc. (17)
10.7†		Employment Agreement effective as of January 1, 2012 between Deepak Chopra and OSI Systems, Inc. (6)
10.8†		Amendment to Employment Agreement effective as of July 1, 2015 between Deepak Chopra and OSI Systems, Inc. (11)
10.9†		Second Amendment to Employment Agreement effective as of December 31, 2017 by and between Deepak Chopra and OSI Systems, Inc. (7)
10.10†		Amended and Restated Employment Agreement dated April 29, 2024 between Alan Edrick and OSI Systems, Inc. (12)
10.11†		Amended and Restated Employment Agreement dated April 29, 2024 between Ajay Mehra and OSI Systems, Inc. (12)
10.12†		Amendment dated December 12, 2024 to Amended and Restated Employment Agreement between Ajay Mehra and OSI Systems, Inc. (20)
10.13†		Amended and Restated Employment Agreement dated April 29, 2024 between Victor Sze and OSI Systems, Inc. (12)
10.14†		Employment Agreement effective as of January 1, 2012 between Manoocher Mansouri and OSI Systems, Inc. (6)
10.15†		Amendment to Employment Agreement effective as of July 1, 2015 between Manoocher Mansouri and OSI Systems, Inc. (21)
10.16†		Amended and Restated Retirement Benefit Award Agreement effective as of December 31, 2017 by and between Deepak Chopra and OSI Systems, Inc. (7)
10.17†		First Amendment to Amended and Restated Retirement Benefit Award Agreement effective as of June 19, 2020 by and between Deepak Chopra and OSI Systems, Inc. (15)
10.18†		Second Amendment to Amended and Restated Retirement Benefit Award Agreement effective as of August 19, 2020 by and between Deepak Chopra and OSI Systems, Inc.(15)
10.19†		Third Amendment to Amended and Restated Retirement Benefit Award Agreement effective as of October 27, 2021 by and between Deepak Chopra and OSI Systems, Inc. (16)
10.20†		Amended and Restated OSI Systems, Inc. 2012 Incentive Award Plan (8)
10.21†		Amendment to Amended and Restated OSI Systems, Inc. 2012 Incentive Award Plan (19)
10.22†		Form of Restricted Stock Award Agreement (9)
10.23†		Form of Restricted Stock Unit Award Agreement (9)
10.24†		Form of Stock Option Agreement (9)
14.1		OSI Systems, Inc. Code of Ethics and Conduct effective May 23, 2016 (10)
19.1		OSI Systems, Inc. Insider Trading Policy (21)
21.1*		Subsidiaries of the Company
23.1*		Consent of Independent Registered Public Accounting Firm
31.1*		Certification Pursuant to Section 302
31.2*		Certification Pursuant to Section 302
32.1*		Certification Pursuant to Section 906
32.2*		Certification Pursuant to Section 906
97.1		Policy for Recovery of Erroneously Awarded Compensation (21)


No.		EXHIBIT DESCRIPTION

101.1		The following financial information from the Registrant’s Annual Report on Form 10-K for the year ended June 30, 2025 formatted in XBRL (eXtensible Business Reporting Language) as follows:
		(i) the consolidated balance sheets
		(ii) the consolidated statements of operations
		(iii) the consolidated statements of comprehensive income
		(iv) the consolidated statements of stockholders’ equity
		(v) the consolidated statements of cash flows
		(vi) the notes to the consolidated financial statements, tagged in summary and detail
104		Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101)

†	Denotes a management contract or compensatory plan or arrangement.

(1)	Previously filed with our Current Report on Form 8-K filed on March 8, 2010.

(2)	Previously filed with our Quarterly Report on Form 10-Q filed on January 26, 2024.

(3)	Previously filed with our Current Report on Form 8-K filed on October 10, 2008.

(4)	Previously filed with our Quarterly Report on Form 10-Q filed on October 24, 2014.

(6)	Previously filed with our Current Report on Form 8-K filed on April 6, 2012.

(7)	Previously filed with our Current Report on Form 8-K filed on January 5, 2018.

(8)	Previously filed with our Proxy Statement on Schedule 14A filed on October 21, 2020.

(9)	Previously filed with our Registration Statement on Form S-8 filed on August 16, 2013.

(10)	Previously filed with our Current Report on Form 8-K filed on May 23, 2016.

(11)	Previously filed with our Quarterly Report on Form 10-Q filed on January 28, 2016.

(12)	Previously filed with our Quarterly Report on Form 10-Q filed on April 30, 2024.

(13)	Previously filed with our Current Report on Form 8-K filed on July 19, 2024.

(14)	Previously filed with our Proxy Statement on Schedule 14A filed on October 21, 2016.

(16)	Previously filed with our Quarterly Report on Form 10-Q filed on October 29, 2021.

(17)	Previously filed with our Current Report on Form 8-K filed on July 2, 2025.

(18)	Previously filed with our Quarterly Report on Form 10-Q filed on January 27, 2023.

(19)	Previously filed with our Proxy Statement on Schedule 14A filed on October 27, 2023.

(20)	Previously filed with our Current Report on Form 8-K filed on December 13, 2024.

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.