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ORGNW

Origin Materials, Inc.

ORGNW

Origin Materials, Inc. • NASDAQ
$0.01 ▼ -11.81% (-0.00)
Market Cap $1.65 M
52w High $0.02
52w Low $0.01
Dividend Yield 0%
P/E 0
Volume 157.69K
Outstanding Shares 146.91M

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 Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $20.00M ▲$10.00M ▼$10.00M ▲$0 ▼
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Origin Materials is still essentially a pre‑revenue company, with only a token amount of sales so far. Past swings into “profit” look more like one‑off or accounting‑driven events than the result of a mature, recurring business. The underlying pattern is clear: the company is spending more on building the business than it is bringing in, so it is currently loss‑making. The investment case here is almost entirely about future growth rather than current earnings strength.

Balance Sheet

Balance Sheet The balance sheet shows a decent base of assets and shareholder equity for a company at this early stage, with only a small amount of debt. That said, total assets and cash have been drifting down recently, suggesting the company is drawing on its resources to fund development and expansion. The low leverage reduces financial risk, but the shrinking cash and asset base highlight the importance of either growing revenue or accessing new capital over time. Overall, it is a relatively clean but increasingly strained early‑stage balance sheet.

Cash Flow

Cash Flow Cash flow tells a classic “build‑out” story: operations consume cash every year, and investment in facilities and equipment has pushed total cash outflows even higher. Free cash flow has been consistently negative, and the gap widened during the heavier build period, reflecting the cost of scaling plants and production lines. This pattern is typical for a development‑stage industrial technology company, but it also means the business depends on outside funding or partnerships until it can generate meaningful operating cash inflows. The key question is how quickly future commercial traction can close this cash flow gap.

Competitive Edge

Competitive Edge Origin is trying to carve out a niche at the intersection of chemicals, packaging, and sustainability. Its first‑mover position in fully recyclable PET caps, combined with a sizable patent estate and “drop‑in” compatibility with existing manufacturing, gives it some real differentiation. Partnerships with large packaging and consumer brands, if deepened and expanded, could reinforce this position and make Origin a preferred supplier for sustainable materials. However, it faces large, well‑financed incumbents in chemicals and packaging, and its current tiny scale makes execution, cost control, and reliable delivery critical challenges.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of the story. The core platform that converts wood residues and agricultural waste into key chemical building blocks underpins multiple product lines, from all‑PET caps to bio‑based plastics and carbon materials. The technology aims to be both cost‑competitive and carbon‑negative, which plays directly into regulatory and customer demand for greener materials. R&D and engineering focus now is less about basic science and more about scaling, refining manufacturing processes like the CapFormer lines, broadening cap formats, and commercializing platform chemicals through new applications and licensing. The commercial and technical risk is still meaningful, but the pipeline of potential products is broad.

Summary

Overall, Origin Materials looks like a classic early‑stage, high‑innovation industrial company: tiny revenues today, heavy investment, and negative cash flow, but with a differentiated technology platform and an ambitious growth roadmap. Financially, it is not yet self‑sustaining and is relying on its existing cash, low debt load, and access to capital to bridge the gap to scale. Strategically, its emphasis on carbon‑negative, drop‑in materials, strong IP position, and partnerships with large packaging players give it a credible path to relevance if it can execute. The main things to watch are: real, recurring revenue growth; successful and timely scale‑up of plants and cap lines; the durability of customer relationships; and how effectively management manages cash and funding needs along the way.