Oculis Holding AG (OCS) Key Metrics
OCS key metrics, 2020–2025
Fiscal year ended December 31, 2025 · Swiss francsOCS returns How much profit the business earns on the capital it uses.
OCS financial health Debt, liquidity and how easily interest is covered.
OCS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OCS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OCS key metrics in Swiss francs
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Returns & profitability | ||||||
| Return on equity (ROE) | −70.1% | −102.7% | — | — | — | — |
| Return on invested capital (ROIC) | — | — | — | −414.4% | −157.8% | −157.1% |
| Return on assets (ROA) | −53.0% | −73.1% | −117.3% | −81.4% | −49.9% | −90.8% |
| Return on tangible assets | −42.4% | −80.1% | −86.9% | −155.7% | −37.6% | −194.2% |
| Financial health | ||||||
| Total debt | CHF 2.3M | CHF 1.2M | CHF 605,000 | CHF 123.1M | CHF 114.3M | CHF 54.8M |
| Cash & short-term investments | CHF 213.3M | CHF 98.7M | CHF 91.7M | CHF 19.8M | CHF 46.3M | CHF 5.0M |
| Net debt | −CHF 210.9M | −CHF 97.5M | −CHF 91.0M | CHF 103.3M | CHF 68.0M | CHF 49.9M |
| Debt / equity | 0.01 | 0.02 | 0.01 | — | — | — |
| Debt / assets | 0.01 | 0.01 | 0.01 | 3.32 | 1.97 | 3.35 |
| Current ratio | 5.96 | 2.37 | 5.29 | 1.97 | 11.81 | 1.42 |
| Quick ratio | 5.96 | 2.37 | 5.36 | 2.06 | 12.04 | 1.40 |
| Interest coverage | -99.5 | -114.6 | -55.2 | -5.0 | -2.6 | -4.7 |
| Working capital | CHF 182.3M | CHF 60.7M | CHF 81.9M | CHF 11.6M | CHF 43.9M | CHF 1.8M |
| Invested capital | −CHF 14.6M | −CHF 24.1M | CHF 2.7M | CHF 5.3M | CHF 7.0M | CHF 6.2M |
| Tangible asset value | CHF 183.0M | CHF 60.1M | CHF 81.5M | −CHF 110.2M | −CHF 69.7M | −CHF 52.4M |
| Net current asset value | CHF 179.2M | CHF 57.9M | CHF 80.4M | −CHF 111.4M | −CHF 71.0M | −CHF 53.9M |
| Capital allocation | ||||||
| Dividends paid | CHF 0 | CHF 0 | CHF 0 | — | — | — |
| Capex / revenue | — | 33.5% | 5.4% | 389.0% | 2.9% | 1.9% |
| Capex / depreciation | 0.53 | 0.57 | 0.17 | 11.87 | 0.12 | 0.08 |
| Stock-based compensation / revenue | — | 1,425.9% | 408.6% | 88.2% | 34.2% | 33.0% |
| R&D / revenue | — | 7,592.3% | 3,312.2% | 2,436.8% | 996.7% | 940.3% |
| SG&A / revenue | — | 3,178.9% | 1,667.5% | 739.4% | 426.8% | 354.0% |
| Efficiency | ||||||
| Days sales outstanding | — | 2,322.2 | 1,866.1 | 397.8 | 389.7 | 418.7 |
| Days of inventory on hand | — | — | -14.2 | -16.3 | -16.0 | 2.8 |
| Days payables outstanding | — | 47.2 | 71.5 | 38.5 | 30.8 | 30.9 |
| Cash conversion cycle (days) | — | 2,275.0 | 1,780.4 | 343.0 | 342.9 | 390.6 |
| Receivables turnover | 0.00 | 0.16 | 0.20 | 0.92 | 0.94 | 0.87 |
| Payables turnover | — | 7.73 | 5.10 | 9.48 | 11.86 | 11.82 |
| Inventory turnover | — | — | — | — | — | 129.68 |
| Asset turnover | 0.00 | 0.01 | 0.01 | 0.02 | 0.03 | 0.06 |
| Average receivables | CHF 885,564 | CHF 4.4M | CHF 4.5M | CHF 994,000 | CHF 1.0M | CHF 1.1M |
| Average payables | CHF 3.8M | CHF 6.7M | CHF 5.7M | CHF 2.3M | CHF 807,000 | CHF 790,000 |
| Average inventory | — | — | −CHF 1.1M | −CHF 994,500 | −CHF 419,500 | CHF 72,000 |
| Intangibles / total assets | 5.6% | 11.0% | 10.7% | 32.9% | 15.0% | 53.3% |
Computed from OCS's annual financial statements (latest annual report filed March 4, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Swiss francs; data from EODHD. Averages use the opening and closing balance of each year.
OCS valuation and financial ratios
Oculis earned a return on equity of −70.1% in fiscal 2025. It ended the year with CHF 2.3 million of debt and CHF 213.3 million in cash and short-term investments, a net cash position of CHF 210.9 million.
See the OCS income statement, the OCS chart for price history, or the OCS stock overview for the latest quote and news.
OCS key metrics FAQ
What is Oculis's return on equity?
Oculis's return on equity (ROE) was −70.1% in fiscal 2025: net income of -CHF 94.5 million on average shareholders' equity of CHF 134.8 million.
How much debt does Oculis have?
Oculis had total debt of CHF 2.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Oculis pay a dividend?
Oculis did not pay a dividend in fiscal 2025.
What is Oculis's current ratio?
Oculis's current ratio was 5.96 at the end of fiscal 2025: current assets were 5.96 times current liabilities.