GKOS - Glaukos Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$149.00
DETAILS
HIGH:
$170.00
LOW:
$135.00
MEDIAN:
$145.00
CONSENSUS:
$149.00
UPSIDE:
23.93%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 507.4 | 383.5 | 314.7 | 282.9 | 294.0 | 225.0 | 237.0 | 181.3 | 159.3 | 114.4 | 71.7 | 45.6 | 20.9 | 2.4 |
| Cost of Revenue | 114.2 | 94.0 | 75.6 | 69.0 | 66.6 | 91.7 | 38.6 | 25.1 | 21.1 | 16.2 | 13.0 | 11.4 | 2.5 | 1.7 |
| Gross Profit | 393.2 | 289.5 | 239.1 | 213.9 | 227.4 | 133.2 | 198.4 | 156.2 | 138.2 | 98.2 | 58.7 | 34.2 | 18.4 | 0.8 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 150.6 | 136.4 | 138.8 | 123.3 | 101.0 | 85.4 | 68.3 | 49.7 | 38.9 | 29.2 | 25.0 | 19.2 | 15.5 | 13.3 |
| SG&A Expenses | 329.3 | 262.8 | 224.1 | 192.9 | 179.3 | 171.4 | 176.6 | 119.5 | 96.3 | 64.8 | 44.0 | 28.1 | 17.1 | 9.6 |
| Other Expenses | 0 | 12.5 | 5 | (20) | (20) | 0 | 3.7 | 0 | 5.3 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 479.9 | 411.8 | 367.8 | 296.2 | 260.3 | 256.8 | 248.7 | 169.2 | 140.5 | 94.0 | 69.0 | 47.3 | 32.6 | 22.6 |
| Operating Income | ||||||||||||||
| Operating Income | (86.7) | (122.4) | (128.7) | (82.3) | (32.9) | (123.6) | (50.3) | (13.0) | (2.3) | 4.2 | (10.3) | (13.2) | (14.2) | (22.1) |
| Interest Expense | 4.6 | 10.0 | 13.6 | 13.7 | 13.4 | 14.1 | 2.6 | 0 | 0 | 0.6 | 1.1 | 0.9 | 0.3 | 0 |
| Interest Income | 10.7 | 11.1 | 9.2 | 2.4 | 1.3 | 2.4 | 3.2 | 2.3 | 1.4 | 0.9 | 0.1 | 0.0 | 0.0 | 0.2 |
| Profitability | ||||||||||||||
| EBITDA | (44.4) | (95.6) | (82.1) | (48.8) | (1.5) | (83.6) | (37.6) | (6.1) | 5.5 | 9.0 | (33.0) | (8.9) | (12.8) | (21.5) |
| EBIT | (86.7) | (135.6) | (120.1) | (84.7) | (35.9) | (118.2) | (47.5) | (12.4) | 0.0 | 4.2 | (37.2) | (13.2) | (13.9) | (22.1) |
| Income Before Tax | (193.0) | (145.6) | (133.7) | (98.4) | (49.3) | (132.3) | (50.0) | (12.4) | 0.0 | 4.6 | (38.3) | (14.0) | (14.2) | (22.0) |
| Income Tax Expense | (5.4) | 0.8 | 0.9 | 0.8 | 0.3 | (12.0) | (65.5) | 0.6 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income | (187.7) | (146.4) | (134.7) | (99.2) | (49.6) | (120.3) | 15.4 | (13.0) | (0.1) | 4.5 | (37.2) | (12.1) | (12.6) | (19.3) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -3.28 | -2.77 | -2.78 | -2.09 | -1.07 | -2.70 | 0.41 | -0.37 | -0.00 | 0.14 | -2.13 | -0.49 | -0.51 | -9.73 |
| EPS (Diluted) | -3.28 | -2.77 | -2.78 | -2.09 | -1.07 | -2.70 | 0.37 | -0.37 | -0.00 | 0.12 | -2.13 | -0.49 | -0.51 | -9.73 |
| Shares Outstanding | 57.2 | 52.8 | 48.4 | 47.4 | 46.4 | 44.5 | 37.4 | 35.0 | 34.4 | 32.9 | 17.5 | 24.9 | 24.9 | 2.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 90.8 | 169.6 | 93.5 | 119.5 | 100.7 | 96.6 | 62.4 | 29.8 | 24.5 | 6.5 |
| Short-Term Investments | 187.9 | 149.3 | 202.0 | 233.2 | 313.3 | 307.8 | 111.6 | 110.7 | 94.5 | 89.3 |
| Net Receivables | 108.6 | 60.7 | 39.9 | 36.1 | 33.4 | 36.1 | 38.4 | 18.7 | 16.7 | 14.3 |
| Inventory | 63.6 | 57.7 | 42.0 | 37.8 | 23.0 | 15.8 | 42.6 | 13.3 | 11.2 | 6.8 |
| Other Current Assets | 24.1 | 12.5 | 18.2 | 17.2 | 15.6 | 13.2 | 0 | 4.1 | 2.6 | 0.1 |
| Total Current Assets | 475.0 | 449.8 | 395.5 | 443.9 | 486.1 | 469.4 | 262.9 | 176.6 | 149.5 | 120.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 184.2 | 169.9 | 174.5 | 166.8 | 146.1 | 95.5 | 91.8 | 19.2 | 11.8 | 7.6 |
| Goodwill | 66.7 | 66.1 | 66.1 | 66.1 | 66.1 | 66.1 | 66.1 | 0 | 0 | 0 |
| Intangible Assets | 141.9 | 263.4 | 283.0 | 307.9 | 332.8 | 357.7 | 382.6 | 0 | 3.1 | 6.6 |
| Long-Term Investments | 3.8 | 0 | 0 | 7.1 | 9.4 | 9.6 | 0 | 8.8 | 0 | 0 |
| Other Non-Current Assets | 21.9 | 25.4 | 21.3 | 10.6 | 9.1 | 7.2 | 15.0 | 11.0 | 1.2 | 0.2 |
| Total Non-Current Assets | 418.5 | 525.0 | 545.0 | 630.3 | 642.7 | 536.1 | 555.5 | 30.4 | 16.4 | 14.3 |
| Total Assets | 893.5 | 974.8 | 940.4 | 1,074.2 | 1,128.8 | 1,005.5 | 818.4 | 207.0 | 165.8 | 134.4 |
| Current Liabilities | ||||||||||
| Account Payables | 24.6 | 13.0 | 13.4 | 14.4 | 7.3 | 4.4 | 5.8 | 6.3 | 6.2 | 3.0 |
| Short-Term Debt | 0 | 2.5 | 0 | 0.4 | 1.0 | 1.2 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 76.7 | 0 | 20.6 | 35.8 | 33.8 | 29.6 | 13.5 | 0.1 | 0.1 | 0.9 |
| Total Current Liabilities | 101.3 | 75.1 | 74.0 | 72.4 | 63.4 | 49.7 | 57.7 | 30.4 | 26.8 | 16.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 35.8 | 0 | 282.8 | 281.4 | 280.0 | 189.4 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0.4 | 6.9 | 7.1 | 79.0 | 86.4 | 10.5 | 9.6 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (4.0) | 22.4 | 13.8 | 10.3 | 9.5 | 7.0 | 5.2 | 2.7 | 0.8 | 0.2 |
| Total Non-Current Liabilities | 136.1 | 132.7 | 404.6 | 471.8 | 478.3 | 288.4 | 87.4 | 2.7 | 0.8 | 0.2 |
| Total Liabilities | 237.3 | 207.8 | 478.6 | 544.2 | 541.7 | 338.1 | 145.1 | 33.1 | 27.6 | 17.1 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (933.1) | (745.4) | (599.1) | (464.4) | (365.2) | (310.1) | (189.7) | (205.1) | (192.2) | (192.1) |
| Accumulated Other Comprehensive Income | 3.3 | 2.6 | 1.2 | (3.0) | 0.0 | 1.0 | 1.3 | 0.7 | (0.6) | 0.6 |
| Total Stockholders' Equity | 656.2 | 766.9 | 461.8 | 530.0 | 587.2 | 667.4 | 673.3 | 173.9 | 138.2 | 117.3 |
| Total Liabilities & Equity | 893.5 | 974.8 | 940.4 | 1,074.2 | 1,128.8 | 1,005.5 | 818.4 | 207.0 | 165.8 | 134.4 |
| Debt Metrics | ||||||||||
| Total Debt | 139.6 | 105.9 | 383.7 | 382.9 | 383.4 | 272.0 | 72.6 | 0 | 0 | 0 |
| Net Debt | 48.8 | (63.8) | 290.3 | 263.4 | 282.7 | 175.4 | 10.2 | (29.8) | (24.5) | (6.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (133.7) | (146.4) | (134.7) | (99.2) | (49.6) | (120.3) | 15.4 | (13.0) | (0.1) | 4.5 |
| Depreciation & Amortization | 38.1 | 39.9 | 38.0 | 35.9 | 34.4 | 34.6 | 9.9 | 6.3 | 5.5 | 4.7 |
| Stock-Based Compensation | 63.2 | 50.2 | 43.5 | 38.6 | 30.1 | 46.5 | 0 | 25.7 | 17.6 | 8.8 |
| Change in Working Capital | (31.6) | (39.5) | (10.1) | (13.4) | 3.6 | (3.2) | (4.5) | (3.6) | 2.7 | (6.3) |
| Other Non-Cash Items | 24.0 | 34.6 | 5.7 | 5.1 | 7.2 | 31.7 | 45.1 | 1.9 | 0.7 | (0.0) |
| Operating Cash Flow | (46.3) | (61.3) | (57.8) | (33.1) | 24.7 | (23.0) | (0.4) | 18.9 | 25.5 | 12.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | (7.7) | (6.3) | (20.2) | (30.3) | (47.8) | (6.9) | (4.7) | (10.3) | (6.3) | (6.3) |
| Acquisitions | (12.4) | 0.0 | 0 | 0.2 | 0.0 | 0 | 49.7 | 1.2 | 0.0 | 0 |
| Purchases of Investments | (232.3) | (190.0) | (265.6) | (59.3) | (215.3) | (301.0) | (80.4) | (94.9) | (94.3) | (75.2) |
| Sales/Maturities of Investments | 196.9 | 247.2 | 303.1 | 135.2 | 206.9 | 104.7 | 80.5 | 78.9 | 88.9 | 55.4 |
| Other Investing Activities | (22.2) | (3.2) | (3.2) | (1.0) | (2.1) | (1.8) | (1.6) | (1.2) | (0.0) | (19.8) |
| Investing Cash Flow | (77.6) | 47.8 | 14.1 | 44.8 | (58.2) | (205.1) | 43.4 | (26.4) | (11.7) | (26.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 51.3 | (0.7) | (0.5) | (0.7) | 242.2 | (22.5) | 0 | 0 | (9.7) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 11.9 | (6.6) | (3.3) | (2.4) | 9.0 | (3.9) | (5.6) | 21.6 | 4.7 | 8.1 |
| Financing Cash Flow | 11.9 | 91.5 | 15.0 | 6.3 | 39.3 | 262.5 | (9.6) | 21.6 | 4.7 | (1.6) |
| Cash Position | ||||||||||
| Net Change in Cash | (111.3) | 76.2 | (26.1) | 18.8 | 4.1 | 34.2 | 32.6 | 14.1 | 18.0 | (15.1) |
| Cash at Beginning | 174.4 | 93.5 | 119.5 | 100.7 | 96.6 | 62.4 | 29.8 | 24.5 | 6.5 | 21.6 |
| Cash at End | 63.1 | 169.6 | 93.5 | 119.5 | 100.7 | 96.6 | 62.4 | 38.6 | 24.5 | 6.5 |
| Free Cash Flow | (54.0) | (67.6) | (78.0) | (63.3) | (23.1) | (29.9) | (5.1) | 8.5 | 19.2 | 6.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 507.4 | 383.5 | 314.7 | 282.9 | 294.0 | 225.0 | 237.0 | 181.3 | 159.3 | 114.4 | 71.7 | 45.6 | 20.9 | 2.4 |
| Gross Profit | 393.2 | 289.5 | 239.1 | 213.9 | 227.4 | 133.2 | 198.4 | 156.2 | 138.2 | 98.2 | 58.7 | 34.2 | 18.4 | 0.8 |
| Operating Income | (86.7) | (122.4) | (128.7) | (82.3) | (32.9) | (123.6) | (50.3) | (13.0) | (2.3) | 4.2 | (10.3) | (13.2) | (14.2) | (22.1) |
| Net Income | (187.7) | (146.4) | (134.7) | (99.2) | (49.6) | (120.3) | 15.4 | (13.0) | (0.1) | 4.5 | (37.2) | (12.1) | (12.6) | (19.3) |
| EPS (Diluted) | -3.28 | -2.77 | -2.78 | -2.09 | -1.07 | -2.70 | 0.37 | -0.37 | -0.00 | 0.12 | -2.13 | -0.49 | -0.51 | -9.73 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 90.8 | 169.6 | 93.5 | 119.5 | 100.7 | 96.6 | 62.4 | 29.8 | 24.5 | 6.5 | ||||
| Total Assets | 893.5 | 974.8 | 940.4 | 1,074.2 | 1,128.8 | 1,005.5 | 818.4 | 207.0 | 165.8 | 134.4 | ||||
| Total Debt | 139.6 | 105.9 | 383.7 | 382.9 | 383.4 | 272.0 | 72.6 | 0 | 0 | 0 | ||||
| Stockholders' Equity | 656.2 | 766.9 | 461.8 | 530.0 | 587.2 | 667.4 | 673.3 | 173.9 | 138.2 | 117.3 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | (46.3) | (61.3) | (57.8) | (33.1) | 24.7 | (23.0) | (0.4) | 18.9 | 25.5 | 12.3 | ||||
| Capital Expenditure | (7.7) | (6.3) | (20.2) | (30.3) | (47.8) | (6.9) | (4.7) | (10.3) | (6.3) | (6.3) | ||||
| Free Cash Flow | (54.0) | (67.6) | (78.0) | (63.3) | (23.1) | (29.9) | (5.1) | 8.5 | 19.2 | 6.0 | ||||