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ORGN

Origin Materials, Inc.

ORGN

Origin Materials, Inc. • NASDAQ
$0.47 ▲ 1.53% (+0.01)
Market Cap $71.36 M
52w High $1.36
52w Low $0.40
Dividend Yield 0%
P/E -1
Volume 431.71K
Outstanding Shares 151.15M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.657M ▼ $17.091M ▲ $-16.382M ▼ -351.772% ▼ $-0.11 ▼ $-13.441M ▼
Q2-2025 $5.813M ▲ $15.148M ▼ $-12.747M ▲ -219.284% ▲ $-0.086 ▲ $-9.814M ▲
Q1-2025 $5.43M ▼ $32.736M ▲ $-26.441M ▼ -486.943% ▼ $-0.18 ▼ $-23.62M ▼
Q4-2024 $9.222M ▲ $16.216M ▼ $-13.522M ▲ -146.628% ▲ $-0.094 ▲ $-10.429M ▲
Q3-2024 $8.202M $32.466M $-36.763M -448.22% $-0.26 $-33.232M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $54.34M ▼ $327.345M ▼ $32.358M ▼ $294.987M ▼
Q2-2025 $69.401M ▼ $348.377M ▼ $37.251M ▲ $311.126M ▼
Q1-2025 $83.048M ▼ $348.977M ▼ $34.369M ▼ $314.608M ▼
Q4-2024 $102.92M ▼ $378.027M ▼ $39.662M ▼ $338.365M ▼
Q3-2024 $113.392M $399.555M $40.699M $358.856M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-16.382M ▼ $-8.139M ▼ $8.544M ▲ $-1.534M ▼ $-1.234M ▲ $-13.527M ▲
Q2-2025 $-12.747M ▲ $-7.294M ▲ $-1.205M ▼ $57K ▲ $-8.54M ▲ $-16.01M ▼
Q1-2025 $-26.441M ▼ $-8.439M ▼ $540K ▼ $-4.542M ▼ $-12.472M ▼ $-15.433M ▼
Q4-2024 $-13.522M ▲ $-5.707M ▲ $9.101M ▼ $7K ▲ $-89K ▼ $-9.543M ▲
Q3-2024 $-36.763M $-13.426M $17.253M $-3.257M $712K $-15.968M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Product
Product
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Origin is still essentially a pre‑revenue company. Sales are tiny and have not yet caught up with the level of spending. Profitability has bounced around, with a couple of years showing accounting profits that likely reflect one‑off or non‑cash items rather than a stable, profitable business. Underneath that, core operations are loss‑making and focused on building out technology and commercial capacity rather than generating steady earnings. The recent move back into a loss highlights that the business model is still in the investment and ramp‑up stage, not yet in a mature earnings phase.

Balance Sheet

Balance Sheet The balance sheet shows a decent base of assets built up over the last few years, reflecting investments in plants and technology. Debt is quite low, so financial leverage is not the main concern. The more important trend is that cash and total assets have been drifting down as the company spends to develop and commercialize its platform. Equity remains the primary source of funding, but continued operating losses are slowly eating into that cushion. Over time, if cash burn stays similar, the company will likely need to refresh its capital base through new funding or partnerships.

Cash Flow

Cash Flow Cash flows underline the early‑stage nature of the business. The company has consistently used cash in its operations, meaning the core business is not yet self‑funding. On top of that, it has been investing heavily in capital projects, leading to clearly negative free cash flow for several years. Investment spending appears to have peaked and then moderated more recently, but the business still leans on external capital to fund its strategy. The key financial question is how quickly Origin can turn these investments into meaningful, recurring cash inflows before the current cash resources thin out too much.

Competitive Edge

Competitive Edge Origin’s competitive story is built around a differentiated, carbon‑negative materials platform rather than current market share. Its process turns low‑value biomass into versatile chemical building blocks, positioned as cost‑competitive “drop‑in” substitutes for petrochemical products. That, combined with a wide patent portfolio, strong sustainability credentials, and a growing list of brand‑name partners and customers, gives it a potentially attractive niche. The flip side is that Origin is still small, while competitors include large, well‑funded chemical and materials companies, as well as other bio‑based innovators. Execution at scale, consistent quality, and sustained cost advantages will be crucial to turn early interest into durable competitive strength.

Innovation and R&D

Innovation and R&D Innovation is the heart of Origin’s value proposition. Its core CMF and HTC technologies open the door to a broad range of products, from recyclable PET caps to carbon‑negative carbon black and next‑generation polymers. The Origin 1 plant serves both as a first commercial facility and as a development hub to refine processes and qualify higher‑value applications. The company is also exploring licensing its technology, which, if successful, could add a high‑margin revenue stream later. All of this requires ongoing R&D and technical investment, which helps build the long‑term opportunity but also contributes to current losses and cash use.

Summary

Origin Materials is in the classic build‑out phase of a technology‑driven industrial business: almost no revenue yet, recurring operating losses, meaningful cash burn, and heavy past investment in physical assets and intellectual property. Financial strength rests on a mostly equity‑funded, low‑debt balance sheet, but the cushion is gradually narrowing as cash is spent. Strategically, the company has assembled a compelling sustainability and technology story, supported by patents, partnerships, and early commercial products like fully recyclable PET caps and bio‑based carbon black. The main opportunity is to convert its technical and environmental advantages into scaled, profitable operations. The main risks center on execution, timing of revenue ramp‑up, and access to capital if commercialization takes longer or proves more challenging than planned.

NEWS

November 13, 2025 · 4:01 PM UTC

Origin Materials, Inc. Announces Financing and Reports Operating and Financial Results for Third Quarter 2025

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October 30, 2025 · 7:00 AM UTC

Origin Materials Announces Third Quarter 2025 Earnings Release Date and Conference Call

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October 27, 2025 · 8:30 AM UTC

Notice to Shareholders Regarding Settlements

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October 23, 2025 · 1:20 PM UTC

Halper Sadeh LLC Encourages Origin Materials, Inc. Shareholders to Contact the Firm to Discuss Their Rights

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