OmniAb 2025 Q2 Earnings Deeper Losses Amid Revenue Drop

OmniAb (OABI) reported Q2 2025 earnings on August 6, 2025, revealing a significant revenue decline and wider losses compared to the prior year. The results fell well below expectations, with no guidance raised, reflecting continued financial pressures.

Revenue
OmniAb’s total revenue dropped 48.8% year-over-year to $3.90 million in Q2 2025, down sharply from $7.61 million in the same period in 2024, signaling a substantial contraction in top-line performance.

Earnings/Net Income
OmniAb’s losses widened, with a per-share loss of $0.15 in Q2 2025, compared to $0.13 in Q2 2024, representing a 15.4% increase in the loss per share. The company posted a net loss of $15.88 million, up 16.5% from $13.63 million in the prior-year quarter. The consistent annual losses over four consecutive Q2 periods underscore ongoing financial challenges. The earnings performance is clearly negative, with both per-share and net losses increasing.

Price Action
The stock price of OmniAb has posted a 4.46% decline during the latest trading day, a 1.03% drop for the week, and a 3.21% gain month-to-date.

Post Earnings Price Action Review
A strategy of buying OmniAb shares following a quarterly revenue increase and holding for 30 days has underperformed sharply over the past three years, yielding a return of -7.25% versus a 65.05% benchmark return. The resulting -72.30% excess return, -2.80% CAGR, and negative Sharpe ratio of -0.04 indicate high risk and poor relative performance, with a maximum drawdown of 0.00%.



CEO Commentary
Matt Foehr, CEO of OmniAb, highlighted progress in partner growth and operational efficiency, including the launch of the xPloration Partner Access Program. He expressed optimism about the initiative's potential to diversify revenue and enhance long-term value.

Guidance
OmniAb reaffirmed 2025 revenue guidance of $20 million to $25 million, with operating expenses projected at $85 million to $90 million. The company expects cash use to be lower than 2024, excluding ATM issuance, and forecasts a full-year effective tax rate of approximately 0%.

Additional News
OmniAb released Q2 2025 slides on August 7, 2025, highlighting accelerated partner growth despite a challenging market environment. The slides did not include detailed earnings metrics but emphasized strategic initiatives and operational improvements. No significant M&A activity or executive changes were reported during this period. The company appears focused on expanding its partner network and enhancing scalability through streamlined operations.