“We expect selling, general and administrative expenses in 2026 to increase compared to 2025, primarily reflecting costs associated with building our commercial infrastructure, including the hiring of a field sales force, marketing expenditures, and other comm…”10-K · Mar 31, 2026 ↗
Omeros Corporation
OMER
Market read
No connected market move is active around Omeros Corporation.
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- OMER's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if OMER's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- OMER's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Latest annual revenue changed -34.0% year over year.
- Operating margin changed -82.0 percentage points in the latest annual period.
- Net margin changed -111.5 percentage points in the latest annual period.
- Diluted shares increased 15.5% in the latest annual period.
- Product pipeline and R&D has repeated adverse evidence across 4 filings.
- EV/sales is 21% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Oct 1, 2026
18.49Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Due to the premium amortization on the Term Loan, interest expense was being recognized at an implied effective interest rate of 3.38 %.”10-K · Mar 31, 2026 ↗
“We expect selling, general and administrative expenses in the fourth quarter of 2025 to be higher than those in the third quarter of this year, primarily due to increased marketing expenses associated with the anticipated launch of narsoplimab in TA-TMA, if a…”10-Q · Nov 13, 2025 ↗
“Internal overhead and other expenses increased $3.5 million for the year ended December 31, 2024 primarily due to additional employee related costs and having received an employee retention tax credit in the prior year that was recorded as an offset to expens…”10-K · Mar 31, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 14.3× · EV/sales 17.4×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for OMER. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for OMER. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind OMER
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
NVONovo Nordisk A/SpartnerMar 31, 2026 ▾
“In accordance with the APLA, at the closing of the Transaction, Omeros and Novo Nordisk entered into the Transition Services Agreement pursuant to which we are providing certain transition services to Novo Nordisk to facilitate the transfer of the acquired as…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
OMER is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for OMER; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.