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Orasure Technologies
(NASDAQ:OSUR)
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Rating:54Neutral
Price Target:
$4.00
▲(7.82% Upside)
Action:Reiterated
Date:10/24/26
OSUR’s score is held back primarily by weak financial performance—steep TTM revenue contraction, heavy losses, and meaningful cash burn. Offsetting this, technical momentum is moderately positive, and the earnings call showed improving sequential trends, margin progress, strong cash with zero debt, and reiterated guidance toward cash-flow breakeven, though regulatory delays (IntelliQ) and ongoing cash usage keep risk elevated. Valuation remains constrained by negative earnings and no indicated dividend yield.
Positive Factors
Strong liquidity
The combination of $161 million in cash and zero debt gives OraSure meaningful financial flexibility over the next several quarters. This liquidity can fund product launches, regulatory work, and operating needs without immediate reliance on borrowing, while reducing balance-sheet stress during the recovery.
Negative Factors
Severe revenue and profitability decline
The sharp TTM revenue contraction and deeply negative operating and net margins show that OraSure’s current expense base is not aligned with its reduced sales level. This weak earnings profile limits internal funding capacity and makes a durable recovery dependent on renewed demand and cost improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity
The combination of $161 million in cash and zero debt gives OraSure meaningful financial flexibility over the next several quarters. This liquidity can fund product launches, regulatory work, and operating needs without immediate reliance on borrowing, while reducing balance-sheet stress during the recovery.
Read all positive factors
Orasure Technologies (OSUR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$284.84M
Dividend YieldN/A
Average Volume (3M)607.41K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth-18.86%
EPS Growth-0.63%
CountryUS
Employees500
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)-0.69
Shares Outstanding68,968,630
10 Day Avg. Volume545,337
30 Day Avg. Volume607,406
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.52
Price to Sales (P/S)1.55
P/FCF Ratio-3.34K
Enterprise Value/Market Cap0.60
Enterprise Value/Revenue1.51
Enterprise Value/Gross Profit3.65
Enterprise Value/Ebitda-4.05
Forecast
1Y Price Target
$7.00Price Target Upside88.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.66
Revenue Forecast (FY)$122.11M
Orasure Technologies Business Overview & Revenue Model
Company Description
OraSure Technologies, Inc. and its affiliates are a global leader in the development, production, and commercialization of advanced oral fluid diagnostic solutions and specialized specimen collection tools, serving markets across the United States...
How the Company Makes Money
OraSure makes money primarily by selling diagnostic tests and sample collection/collection-device products to customers such as public health agencies, hospitals and clinics, laboratories, distributors, and other healthcare-related organizations. ...
Orasure Technologies Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Positive
The call presents a cautiously positive picture: the company delivered sequential revenue growth (9.7%), segment recoveries (Diagnostics +14.7% and SMS +9.0% sequentially), margin expansion (+120 bps GAAP gross margin) and achieved important regulatory milestones (Colli‑Pee FDA clearance and Ebola 2.0 EUA). The primary setback is the withdrawal and delay of the IntelliQ CT/NG FDA submission, alongside a non‑GAAP operating loss ($14.7M) and negative operating cash flow (‑$9.9M) this quarter. Strong cash ($161M), zero debt, insourcing and cost discipline, and clear launch plans temper the impact of the IntelliQ delay and one‑time G&A items; management reiterates revenue growth for 2026 and expects operating cash flow breakeven entering 2027.Positive Updates
Revenue Growth and Guidance
Total revenue of $30.6M in Q2 2026, exceeding guidance and growing 9.7% sequentially; Q3 2026 revenue guidance of $29.5M–$32.5M.
Negative Updates
IntelliQ (CT/NG) Regulatory Delay
Company withdrew FDA submission for the IntelliQ CT/NG rapid molecular self‑test on the SHERLOQ platform after constructive FDA interactions; management no longer expects U.S. clearance and launch in 2026 and timing for resubmission/clearance is unconfirmed.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth and Guidance
Total revenue of $30.6M in Q2 2026, exceeding guidance and growing 9.7% sequentially; Q3 2026 revenue guidance of $29.5M–$32.5M.
Read all positive updates
Company Guidance
OraSure guided Q3 revenue of $29.5 million to $32.5 million with gross margin expected to be similar to Q2 (Q2 GAAP gross margin 43.5% and non‑GAAP gross margin 44.2%), reiterating full‑year 2026 revenue growth and a target of operating cash‑flow breakeven entering 2027; for context Q2 revenue was $30.6 million (up 9.7% sequentially) with Diagnostics $19.4 million (up 14.7% seq.) and SMS $9.9 million (up 9% seq.), Q2 operating cash flow was negative $9.9 million, GAAP operating income was $5.4 million (non‑GAAP operating loss $14.7 million), R&D was $9.4 million, S&M $6.6 million, G&A $14.4 million, non‑cash stock comp $2.3 million, D&A $2.4 million; balance sheet and capital notes included $161 million cash, zero debt, $2 million of share repurchases in Q2 (647k shares), $22 million returned year‑to‑date (7.7M shares, ~10% of shares; ~55% of a $40M authorization), a pause on buybacks to preserve flexibility for Colli‑Pee and Ebola 2.0 launch investments, an expected decline in G&A as nonrecurring items wind down, and a reduced contingent consideration liability tied to the IntelliQ resubmission plan.Orasure Technologies Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 112.41M | 115.02M | 185.83M | 405.47M | 387.48M | 233.67M |
| Gross Profit | 46.51M | 48.20M | 76.23M | 179.42M | 148.44M | 117.60M |
| EBITDA | -41.91M | -56.74M | -6.83M | 77.20M | -139.00K | 2.37M |
| Net Income | -49.13M | -68.73M | -19.50M | 53.66M | -17.13M | -23.00M |
Balance Sheet | ||||||
| Total Assets | 360.55M | 403.17M | 479.66M | 482.85M | 444.18M | 460.99M |
| Cash, Cash Equivalents and Short-Term Investments | 160.58M | 199.28M | 267.76M | 290.41M | 110.85M | 153.04M |
| Total Debt | 12.09M | 13.20M | 14.60M | 13.50M | 12.55M | 12.27M |
| Total Liabilities | 42.77M | 62.34M | 69.32M | 52.17M | 79.75M | 80.46M |
| Stockholders Equity | 317.78M | 340.83M | 410.34M | 430.67M | 364.43M | 380.53M |
Cash Flow | ||||||
| Free Cash Flow | -48.06M | -53.22K | 23.58M | 131.28M | -111.11M | -83.50M |
| Operating Cash Flow | -42.88M | -49.02K | 27.37M | 141.58M | -47.20M | -35.38M |
| Investing Cash Flow | -8.56M | -6.81K | -39.03M | 66.15M | 21.09M | -5.50M |
| Financing Cash Flow | -18.72M | -16.94K | -4.18M | -3.02M | -3.83M | -2.82M |
Orasure Technologies Technical Analysis
Positive
3.71
Price Trends
3.72
Positive
3.93
Positive
3.48
Positive
Market Momentum
0.03
Negative
61.35
Neutral
70.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OSUR, the sentiment is Positive. The current price of 3.71 is below the 20-day moving average (MA) of 3.85, below the 50-day MA of 3.72, and above the 200-day MA of 3.48, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 70.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OSUR.
Orasure Technologies Risk Analysis
Orasure Technologies disclosed 66 risk factors in its most recent earnings report. Orasure Technologies reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Orasure Technologies Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $235.59M | 22.24 | 8.78% | 1.67% | -9.62% | ― | |
72 Outperform | $277.65M | 33.17 | 14.81% | ― | 2.47% | 75.23% | |
55 Neutral | $301.37M | -8.82 | -473.55% | 0.00% | 12.93% | -219.19% | |
54 Neutral | $284.84M | -5.99 | -14.73% | ― | -18.86% | -0.63% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | $102.21M | -4.13 | -132.62% | ― | -5.47% | 13.55% |
* Healthcare Sector Average
OSUR
Orasure Technologies
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MBOT
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SMTI
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7.54%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.