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OSIS

OSI Systems, Inc.

OSIS

OSI Systems, Inc. • NASDAQ
$270.85 ▼ -0.26% (-0.71)
Market Cap $4.55 B
52w High $292.34
52w Low $150.84
Dividend Yield 0%
P/E 30.67
Volume 134.17K
Outstanding Shares 16.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $384.623M ▼ $90.112M ▼ $20.556M ▼ 5.344% ▼ $1.22 ▼ $43.333M ▼
Q4-2025 $504.985M ▲ $95.216M ▲ $52.748M ▲ 10.445% ▲ $3.03 ▲ $83.938M ▲
Q3-2025 $444.354M ▲ $94.074M ▲ $41.134M ▲ 9.257% ▲ $2.45 ▲ $66.784M ▼
Q2-2025 $419.82M ▲ $89.194M ▼ $37.819M ▲ 9.008% ▲ $2.26 ▲ $68.604M ▲
Q1-2025 $344.007M $91.174M $17.936M 5.214% $1.07 $41.778M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $124.416M ▲ $2.299B ▲ $1.353B ▲ $945.958M ▼
Q4-2025 $106.405M ▲ $2.241B ▲ $1.29B ▲ $951.084M ▲
Q3-2025 $95.83M ▼ $2.081B ▼ $1.202B ▼ $879.325M ▲
Q2-2025 $101.633M ▲ $2.131B ▲ $1.305B ▼ $825.83M ▲
Q1-2025 $85.053M $2.114B $1.327B $786.495M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $20.556M ▼ $17.137M ▲ $-10.94M ▲ $12.187M ▼ $18.011M ▲ $5.7M ▲
Q4-2025 $52.748M ▲ $562K ▼ $-11.405M ▼ $20.468M ▲ $10.575M ▲ $-9.705M ▼
Q3-2025 $41.134M ▲ $81.642M ▲ $-8.887M ▲ $-78.828M ▼ $-5.803M ▼ $72.695M ▲
Q2-2025 $37.819M ▲ $52.548M ▲ $-10.067M ▲ $-24.577M ▼ $16.58M ▲ $64.625M ▲
Q1-2025 $17.936M $-37.16M $-87.492M $113.759M $-10.3M $-49.237M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Product
Product
 $330.00M ▲$340.00M ▲$390.00M ▲$280.00M ▼
Service
Service
 $90.00M ▲$100.00M ▲$110.00M ▲$110.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily over the past several years, and profits have generally followed the same upward path. Gross margins have held up well, suggesting the company is able to price its products and manage its costs effectively, even as it grows. Operating profit and earnings per share have improved meaningfully over time, though there have been occasional bumps from year to year. Overall, the income statement shows a business that is scaling, gaining efficiency, and converting growth into higher profitability, with only modest volatility along the way.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been expanding its asset base and growing shareholder equity over time. Debt levels have also risen, indicating a greater use of borrowing to support growth, acquisitions, or working capital. While leverage has increased, equity has grown as well, which helps balance the risk. Cash on hand is modest but consistently present. In simple terms, the company looks financially stronger and larger than it was a few years ago, but it is also carrying more debt, which makes disciplined capital allocation and stable cash generation more important.

Cash Flow

Cash Flow Cash generation has been somewhat uneven, with mostly positive but occasionally negative operating cash flow in recent years. Free cash flow has followed the same pattern, usually positive after investments, but not in every single year. Capital spending is relatively steady and not overly heavy, suggesting the business is not extremely capital intensive. The pattern points to a company that can generally fund its own growth but may see cash flows swing from year to year due to the timing of large contracts, inventory needs, or customer payments. The main watch point is consistency rather than capacity.

Competitive Edge

Competitive Edge OSI Systems operates in specialized niches within security, healthcare, and optoelectronics, where performance, reliability, and regulatory know‑how matter more than sheer volume. Its vertical integration—making many of its own critical components—gives it control over quality, cost, and supply that many rivals lack. Long-term relationships with government agencies, airports, and hospitals, plus a large installed base of equipment, create ongoing service and maintenance revenue and make customers less likely to switch. At the same time, the company competes against large, well-funded players, and it is exposed to government budgets, procurement cycles, and regulatory changes, which can all affect demand and pricing power.

Innovation and R&D

Innovation and R&D Innovation is built around advanced imaging, detection, sensors, and connected healthcare software. In security, the company’s specialized X-ray and scanning technologies, along with integrated software platforms, give it a strong technical edge. In healthcare, it is moving beyond hardware into data and analytics, aiming to make patient monitoring smarter and more predictive. Its optoelectronics business supports this by supplying custom components both internally and to outside customers, which reinforces its vertical integration. Continued R&D investment and selective acquisitions are central to its strategy, but success will depend on how quickly customers adopt AI‑enabled features, remote monitoring, and integrated platforms versus traditional standalone devices.

Summary

OSI Systems presents as a steadily growing technology and equipment provider with improving profitability and a balance sheet that has expanded alongside higher use of debt. Its cash flows are generally solid but can be lumpy, reflecting the project-based and government-heavy nature of its business. The company’s competitive strengths rest on specialized technology, vertical integration, and long-standing customer relationships that generate recurring service revenue. It is leaning into innovation in imaging, sensors, and data-driven healthcare, which could support future growth but also introduces execution risk as markets evolve. Overall, it looks like a focused, niche player with a meaningful moat, moderate financial risk from higher leverage, and a business profile closely tied to government and healthcare investment cycles.

NEWS

November 24, 2025 · 8:30 AM UTC

OSI Systems Receives $20 Million Order to Provide Radiation Monitoring Solutions

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November 18, 2025 · 8:30 AM UTC

OSI Systems to Participate in the Roth Technology Conference

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November 17, 2025 · 10:59 PM UTC

OSI Systems, Inc. Prices Upsized $500 Million Convertible Senior Notes Offering

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November 17, 2025 · 7:00 AM UTC

OSI Systems, Inc. Announces Proposed Convertible Senior Notes Offering

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October 30, 2025 · 4:02 PM UTC

OSI Systems Reports Fiscal 2026 First Quarter Financial Results

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