Olema Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapies for women's cancers. The company's lead product candidate is palazestrant, an estrogen receptor (ER) antagonist and a selective ER degrader, which is in Phase 3 clinical trial for the treatment of recurrent, locally advanced, or metastatic ER-positive, human epidermal growth factor receptor 2-negative breast cancer; OPERA-01, the pivotal Phase 3 clinical trial of palazestrant as a monotherapy in second/third-line ER+/HER2- metastatic breast cancer; and palazestrant with CDK4/6 inhibitors, a phosphatidylinositol 3 kinase alpha (PI3Ka) inhibitor alpelisib, a mechanistic target of rapamycin inhibitor, and a CDK4 inhibitor that is in Phase 1b/2 clinical trial for the treatment of ER+/HER2- advanced or metastatic breast cancer. It also develops OP-3136, an orally-available small molecule that potently and selectively inhibits KAT6 which is in Phase 1 clinical trials for patients with breast and other solid tumor cancers. The company was formerly known as CombiThera, Inc. and changed its name to Olema Pharmaceuticals, Inc. in March 2009. Olema Pharmaceuticals, Inc. was incorporated in 2006 and is headquartered in San Francisco, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-178M | $-162M | $-147M | -33.9% | - | 25.5% |
| 2024 | $0M | $-142M | $-129M | $-105M | -31.7% | - | 34.0% |
| 2023 | $0M | $-105M | $-97M | $-84M | -38.1% | - | -7.8% |
| 2022 | $0M | $-107M | $-105M | $-82M | -53.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0 | 0 | 0 | 0 |
| Operating Revenue | - | 0 | 0 | 0 | 0 |
| Operating Expense | - | 106.99 | 104.96 | 142.26 | 178.70 |
| Research And Development | - | 82.27 | 86.14 | 124.52 | 157.70 |
| Selling General And Administration | - | 24.71 | 18.82 | 17.74 | 21 |
| Total Expenses | - | 106.99 | 104.96 | 142.26 | 178.70 |
| Operating Income | - | -106.99 | -104.96 | -142.26 | -178.70 |
| Total Operating Income As Reported | - | -106.99 | -104.96 | -142.26 | -178.70 |
| EBITDA | - | -106.63 | -104.58 | -141.86 | -178.21 |
| Normalized EBITDA | - | -106.63 | -104.58 | -141.86 | -178.21 |
| EBIT | - | -106.99 | -104.96 | -142.26 | -178.70 |
| Interest Income | - | 2.23 | 8.32 | 12.68 | 16.22 |
| Interest Expense | 0 | - | - | - | - |
| Net Interest Income | - | 2.23 | 8.32 | 12.68 | 16.22 |
| Other Non Operating Income Expenses | - | -0.03 | -0.02 | 0.10 | 0.02 |
| Other Income Expense | - | -0.03 | -0.02 | 0.10 | 0.02 |
| Interest Income Non Operating | - | 2.23 | 8.32 | 12.68 | 16.22 |
| Interest Expense Non Operating | 0 | - | - | - | - |
| Net Non Operating Interest Income Expense | - | 2.23 | 8.32 | 12.68 | 16.22 |
| Pretax Income | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Net Income From Continuing And Discontinued Operation | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Net Income From Continuing Operation Net Minority Interest | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Net Income | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Net Income Common Stockholders | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Net Income Including Noncontrolling Interests | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Normalized Income | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Diluted NI Availto Com Stockholders | - | -104.79 | -96.66 | -129.47 | -162.45 |
| Basic Average Shares | 39.52 | 40 | 45.25 | 58.74 | - |
| Diluted Average Shares | 39.52 | 40 | 45.25 | 58.74 | - |
| Reconciled Depreciation | - | 0.36 | 0.38 | 0.39 | 0.49 |
| General And Administrative Expense | - | 24.71 | 18.82 | 17.74 | 21 |
| Other Gand A | - | 24.71 | 18.82 | 17.74 | 21 |
| Otherunder Preferred Stock Dividend | 0 | - | - | - | - |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Olema Pharmaceuticals, Inc.this co. | OLMA | $933M | -5.74 | 1.95 | -33.9% | -4.99 |
| InnovAge Holding Corp. | INNV | $977M | -32.24 | 4.16 | -12.9% | -102.40 |
| U.S. Physical Therapy, Inc. | USPH | $940M | 62.41 | 1.97 | 3.2% | 11.12 |
| Anteris Technologies Global Corp. | AVR | $939M | - | 48.67 | -238.4% | - |
| Nutex Health Inc. | NUTX |
| - |
| - |
| - |
| - |
| - |
| $930M |
| 13.13 |
| 2.82 |
| 21.5% |
| 3.81 |
| ARS Pharmaceuticals, Inc. | SPRY | $901M | -5.26 | 7.88 | -149.9% | -5.66 |
| Annexon, Inc. | ANNX | $893M | -4.32 | 4.22 | -97.7% | -3.54 |
| Pacira BioSciences, Inc. | PCRX | $892M | 126.89 | 1.29 | 1.0% | 8.75 |
| Xencor, Inc. | XNCR | $890M | - | 1.40 | -14.5% | - |
| Peer Median | - | 4.41 | 3.49 | -13.7% | 0.13 | |