Outset Medical Reports Fourth Quarter and Fiscal Year 2025 Results
SAN JOSE, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Outset Medical, Inc. (Nasdaq: OM), a leader in medical technology for dialysis, has released its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2025. In tandem, the company announced the appointment of Karen N. Prange to its Board of Directors.
Key Financial Highlights for 2025
- Fourth quarter revenue reached approximately $28.9 million.
- Total revenue for fiscal year 2025 was approximately $119.5 million, marking a 5% increase from $113.7 million in 2024.
- The company operates in more than 1,000 sites providing dialysis, performing around 1 million treatments annually.
- Year-end cash, including restricted cash, cash equivalents, and short-term investments, totaled approximately $173 million.
- Net cash used in operations decreased significantly to below $50 million from $116 million in 2024.
CEO’s Outlook for 2026
Leslie Trigg, Chair and CEO of Outset Medical, expressed optimism about the company's future. “We enter 2026 with a strong backlog, a growing pipeline of new opportunities and a great deal of confidence that the value we deliver for providers and dialysis patients can continue to fuel Outset’s growth for many years to come,” she stated. Trigg added that the company aims to enhance its innovations by launching new services and technologies focused on improving patient care outcomes with reduced costs.
Appointment of Karen N. Prange
Outset Medical's Board of Directors also welcomed Karen N. Prange, who will serve on the Compensation Committee. She replaces Andrea Saia, who was a board member since March 2021. Prange’s extensive experience includes current positions on the boards of AtriCure, Embecta, and WS Audiology, as well as her previous roles at Cantel Medical and Nevro.
Ms. Prange has an impressive background, most recently serving as Executive Vice President and CEO of a $6 billion division at Henry Schein. Her prior experience includes senior positions at Boston Scientific and a 17-year tenure at Johnson & Johnson.
Strategic Vision and Future Directions
During the announcement, Trigg emphasized the importance of adding Prange to the board, stating, “Karen brings deep commercial operating experience to our board, with a strong background in sales and go-to-market strategy in the acute-care setting.” The Board expressed gratitude to Andrea Saia for her contributions toward Outset’s success, particularly in blending medical technology with consumer branding.
About Outset Medical
Outset Medical is at the forefront of transforming the dialysis experience with its innovative Tablo® Hemodialysis System, which is FDA-cleared for both hospital and home use. The Tablo system is currently trusted by over 1,000 healthcare facilities across the United States, enabling millions of dialysis treatments annually. Outset aims to redefine kidney care through technological innovation and a persistent commitment to improving patient outcomes.
For further details, please visit www.outsetmedical.com.
Contact Information
Investor Contact: Jim Mazzola - jmazzola@outsetmedical.com