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OTLY

Oatly Group AB

OTLY

Oatly Group AB • NASDAQ
$12.35 ▲ 1.81% (+0.22)
Market Cap $371.19 M
52w High $18.84
52w Low $6.00
Dividend Yield 0%
P/E -1.67
Volume 23.08K
Outstanding Shares 30.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $222.796M ▲ $83.271M ▼ $-65.287M ▼ -29.303% ▼ $-0.11 ▲ $-35.993M ▲
Q2-2025 $208.354M ▲ $89.727M ▲ $-55.946M ▼ -26.851% ▼ $-1.86 ▼ $-41.738M ▼
Q1-2025 $197.53M ▼ $80.921M ▼ $-12.43M ▲ -6.293% ▲ $-0.42 ▲ $15.601M ▲
Q4-2024 $214.316M ▲ $151.32M ▲ $-91.206M ▼ -42.557% ▼ $-3.05 ▼ $-27.713M ▼
Q3-2024 $209.281M $90.222M $-34.773M -16.615% $-1.16 $-5.157M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $58.903M ▼ $779.629M ▼ $759.745M ▲ $18.689M ▼
Q2-2025 $67.931M ▼ $803.055M ▲ $706.336M ▲ $95.416M ▼
Q1-2025 $74.428M ▼ $793.023M ▼ $671.142M ▼ $120.545M ▲
Q4-2024 $98.923M ▼ $803.98M ▼ $697.857M ▲ $104.688M ▼
Q3-2024 $119.33M $920.772M $689.569M $229.573M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-65.125M ▼ $-2.311M ▼ $-2.743M ▲ $-4.126M ▼ $-9.027M ▼ $-4.577M ▲
Q2-2025 $-55.946M ▼ $-1.447M ▲ $-3.571M ▲ $-3.087M ▲ $-6.497M ▲ $-5.195M ▲
Q1-2025 $-12.531M ▲ $-13.558M ▼ $-6.649M ▼ $-5.064M ▼ $-24.495M ▼ $-20.509M ▲
Q4-2024 $-91.357M ▼ $-10.236M ▲ $-5.508M ▼ $-3.065M ▲ $-20.41M ▲ $-22.509M ▲
Q3-2024 $-34.63M $-18.179M $-4.601M $-4.01M $-23.395M $-26.681M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last few years, showing that demand for Oatly’s products is still increasing. At the same time, the company remains clearly unprofitable. Operating losses and net losses are still substantial, although they have narrowed compared with the worst years. Gross profitability has improved, suggesting better pricing, mix, or cost control in production, but overhead and other costs are still too heavy for the current scale of the business. Overall, the income statement tells a story of a brand that is gaining sales and improving efficiency, but has not yet proven it can turn that growth into sustainable profits.

Balance Sheet

Balance Sheet The balance sheet has weakened over time. Total assets have shrunk from earlier peak levels, and the cash cushion has come down from prior years, which reduces financial flexibility. Debt has risen and now sits well above the remaining equity base, meaning the company is more leveraged and more sensitive to setbacks. Equity has been eroded by repeated losses, leaving a thinner capital buffer. In plain terms, Oatly today looks more financially stretched than a few years ago and has less room for prolonged weakness without new capital or a marked improvement in performance.

Cash Flow

Cash Flow Oatly continues to burn cash. The core operations still consume cash each year, although the outflow has improved somewhat compared with the heaviest loss years. Free cash flow is negative, but the gap has narrowed as the company has sharply reduced its investment spending compared with the earlier expansion phase. This shift suggests a move from aggressive build‑out toward conserving resources and trying to make existing assets work harder. Even so, until operating cash flow turns sustainably positive, the business will remain dependent on outside funding or further cost and efficiency gains.

Competitive Edge

Competitive Edge Oatly holds a distinct place in the plant‑based beverage market. It was an early mover in oat milk, uses proprietary processing technology, and has a well‑known, mission‑driven brand that resonates with many health‑ and climate‑focused consumers. Its “barista” products in particular have strong recognition in cafés and coffee shops, which helps reinforce the brand. However, the broader plant‑based category has become crowded, with large food and beverage companies and private‑label brands competing aggressively on shelf space and price. This means Oatly’s edge depends on maintaining its brand appeal, product quality, and distribution relationships while managing costs more tightly than in the past.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. Oatly’s patented enzyme and oat‑processing technology underpins its taste and texture, which are hard for rivals to copy exactly. The company continues to refresh its lineup with products like unsweetened and simplified‑ingredient oat milks, as well as ice creams, yogurts, and creams that leverage the same oat base. The new research and innovation center in Sweden signals a long‑term commitment to product development, process improvements, and potentially new categories. The financial trade‑off is that sustained R&D and product experimentation add to near‑term costs, but they also help protect the brand’s differentiation in a very competitive segment.

Summary

Oatly combines a strong, recognizable brand and real product innovation with a financial profile that is still fragile. On the positive side, sales have climbed meaningfully over the past several years, gross margins have improved, and cash burn is less severe than during the peak expansion period. On the risk side, the company remains unprofitable, continues to use cash, and has a more leveraged and thinner balance sheet than earlier in its public life. Future outcomes hinge on whether Oatly can translate its brand power and technology into scale, higher margins, and positive cash flow before financial constraints tighten further. The business case has promise, but the financial path remains uncertain and execution‑dependent.

NEWS

October 29, 2025 · 7:00 AM UTC

Oatly Reports Third Quarter 2025 Financial Results

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October 16, 2025 · 1:00 PM UTC

From decaf dominance to a post-Matchamania world, Oatly spotlights the emerging taste trends reshaping beverages in 2026 and beyond

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September 30, 2025 · 4:10 PM UTC

Oatly Announces Issuance of SEK 1,700 million Nordic Bonds, Entry into SEK 750 million Super Senior Revolving Credit Facility and Intention to Complete Prepayment of Term Loan B, as well as Repurchase and Cancellation of Certain Convertible Senior PIK Notes due 2028

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September 29, 2025 · 7:00 AM UTC

Oatly to Report Third Quarter 2025 Financial Results on October 29, 2025

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September 16, 2025 · 4:14 PM UTC

Oatly Announces Pricing of Nordic Bonds, Which Are to be Used to Prepay Term Loan B and Repurchase and Cancel Certain U.S. Convertible Notes

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