Origin Materials, Inc. ( (ORGN) ) has released its Q1 earnings. Here is a breakdown of the information Origin Materials, Inc. presented to its investors.
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Origin Materials, Inc., a technology company focused on sustainable materials, recently released its first-quarter 2025 financial results, highlighting its mission to transform the materials industry with innovative solutions such as PET caps and closures. The company announced a strategic agreement with a major packaging firm to develop large format PET closures for the beverage market, signaling strong demand for its products. Despite facing challenges such as longer-than-expected customer product qualification times and global supply chain disruptions, Origin remains optimistic about its growth trajectory.
Key financial metrics from the first quarter reveal a revenue of $5.4 million, a decrease from the previous year’s $6.8 million, attributed to a planned reduction in its supply chain activation program. Operating expenses rose to $32.7 million, primarily due to a $16.6 million non-cash impairment charge. The net loss for the quarter was $26.4 million, up from $13.9 million in the prior year, while the adjusted EBITDA loss narrowed to $11.0 million from $12.9 million.
Strategically, Origin is adjusting its CapFormer deployment schedule, with production expected to start in the first half of 2026. The company is also investing in supply chain preparedness and diversifying its manufacturing footprint to mitigate tariff impacts. Origin anticipates becoming run-rate adjusted EBITDA positive by the end of 2026, with updated revenue guidance of $50M to $70M for 2026 and $150M to $210M for 2027.
Looking ahead, Origin Materials remains committed to its sustainable materials mission, with a focus on overcoming current challenges and capitalizing on robust customer interest. The company is poised to meet growing demand and achieve profitability as it continues to innovate and expand its market presence.