GLAUKOS Corp
Business
Glaukos is an ophthalmic pharmaceutical and medical technology company developing novel, dropless therapies for glaucoma, corneal disorders, and retinal disease. Core commercial products include the iStent family of micro-invasive glaucoma surgery devices, iDose TR sustained-release glaucoma implants, and iLink bio-activated corneal cross-linking therapies. The company operates across five platform technologies addressing glaucoma, corneal disorders, anterior segment, and posterior segment diseases, with sales primarily through direct channels to surgeons, ambulatory surgery centers, hospitals, and physician practices in the U.S. and internationally.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 507 | 383 | 315 | 283 | 294 | |
| Cost of sales | 112 | 94 | 76 | 69 | 67 | |
| Impairment of intangible asset | 113 | — | — | — | — | |
| Gross profit | 283 | 289 | 239 | 214 | 227 | |
| Selling, general and administrative | 332 | 261 | 224 | 193 | 179 | |
| Research and development | 151 | 136 | 139 | 123 | 101 | |
| Acquired in-process research and development | — | 14 | 5 | 10 | 10 | |
| Total operating expenses | 482 | 412 | 368 | 296 | 260 | |
| Loss from operations | −200 | −122 | −129 | −82 | −33 | |
| Interest income | 11 | 11 | 9 | 2 | 1 | |
| Interest expense | −5 | −10 | −14 | −14 | — | |
| Charges associated with convertible senior notes | — | −18 | — | — | — | |
| Other income (expense), net | 479,000 | −6 | −558,000 | — | — | |
| Total non-operating income (expense) | 7 | −23 | −5 | −16 | −16 | |
| Loss before taxes | −193 | −146 | −134 | −98 | −49 | |
| Income tax (benefit) provision | −5 | 771,000 | 934,000 | 766,000 | 326,000 | |
| Net loss | −188 | −146 | −135 | −99 | −50 | |
| Basic net loss per share (in dollar per share) | −3.28 | −2.77 | −2.78 | −2.09 | −1.07 | |
| Diluted net loss per share (in dollar per share) | −3.28 | −2.77 | −2.78 | −2.09 | −1.07 | |
| Weighted average shares outstanding used to compute basic net loss per share | 57 | 53 | 48 | 47 | 46 | |
| Weighted average shares outstanding used to compute diluted net loss per share | 57 | 53 | 48 | 47 | 46 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 91 | 170 | 93 | 120 | 101 | |
| Short-term investments | 188 | 149 | 202 | 233 | 313 | |
| Accounts receivable, net | 109 | 61 | 40 | 36 | 33 | |
| Inventory | 64 | 58 | 42 | 38 | 23 | |
| Prepaid expenses and other current assets | 24 | 12 | 18 | 17 | 16 | |
| Total current assets | 475 | 450 | 395 | 444 | 486 | |
| Restricted cash | 4 | 5 | 6 | 7 | 9 | |
| Property and equipment, net | 113 | 98 | 103 | 94 | 69 | |
| Operating lease right-of-use asset | 32 | 30 | 27 | 26 | 28 | |
| Finance lease right-of-use asset | 39 | 42 | 44 | 47 | 49 | |
| Intangible assets, net | 142 | 263 | 283 | 308 | 333 | |
| Goodwill | 67 | 66 | 66 | 66 | 66 | |
| Deposits and other assets | 22 | 21 | 15 | 11 | 9 | |
| Total assets | 893 | 975 | 940 | 1,002 | 1,050 | |
| Accounts payable | 25 | 13 | 13 | 14 | 7 | |
| Accrued liabilities | 77 | 62 | 61 | 58 | 56 | |
| Total current liabilities | 101 | 75 | 74 | 72 | 63 | |
| Operating lease liability | 36 | 34 | 30 | 29 | 30 | |
| Finance lease liability | 68 | 69 | 71 | 72 | 73 | |
| Deferred tax liability, net | 441,000 | 7 | 7 | 7 | 7 | |
| Other liabilities | 32 | 22 | 14 | 10 | 9 | |
| Total liabilities | 237 | 208 | 479 | 472 | 463 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 5,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024 | — | — | — | — | — | |
| Common stock, $0.001 par value; 150,000 shares authorized; 57,539 and 56,472 shares issued and 57,511 and 56,444 shares outstanding at December 31, 2025 and 2024, respectively | 58,000 | 56,000 | 49,000 | 48,000 | 47,000 | |
| Additional paid-in capital | 1,586 | 1,510 | 1,060 | 997 | 952 | |
| Accumulated other comprehensive income | 3 | 3 | 1 | −3 | 15,000 | |
| Accumulated deficit | −933 | −745 | −599 | −464 | −365 | |
| Less treasury stock (28 shares as of December 31, 2025 and 2024) | −132,000 | −132,000 | −132,000 | −132,000 | −132,000 | |
| Total stockholders' equity | 656 | 767 | 462 | 530 | 587 | |
| Total liabilities and stockholders' equity | 893 | 975 | 940 | 1,002 | 1,050 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 11 | 11 | 9 | 7 | 5 | |
| Amortization of intangible assets | 27 | 25 | 25 | 25 | 25 | |
| Impairment of intangible asset | 113 | — | — | — | — | |
| Amortization of right-of-use lease assets | 4 | 4 | 4 | 4 | 5 | |
| Amortization of debt issuance costs | — | 718,000 | 1 | 1 | 1 | |
| Deferred income tax benefit | −6 | −216,000 | −120,000 | −54,000 | −1 | |
| Loss on disposal of fixed assets | 32,000 | 598,000 | 893,000 | −24,000 | 7,000 | |
| Stock-based compensation | 63 | 50 | 44 | 39 | 30 | |
| Unrealized foreign currency (gains) losses | −1 | 5 | −980,000 | 2 | 2 | |
| Amortization of premium accretion of discount on short-term investments | −3 | −4 | −2 | 731,000 | 1 | |
| Other liabilities | 2 | 5 | 3 | 785,000 | 2 | |
| Allowance for doubtful accounts | 7 | −91,000 | −169,000 | — | — | |
| Acquired in-process R&D acquired through the issuance of common stock | — | 5 | 3 | — | — | |
| Loss on capped call transaction | — | 657,000 | — | — | — | |
| Inducement expense related to exchange of convertible senior notes | — | 17 | — | — | — | |
| Inventory write-down | 3 | 4 | 0 | — | — | |
| Provision for excess and obsolete inventory | 1 | 662,000 | 530,000 | — | — | |
| Accounts receivable | −53 | −22 | −4 | −3 | 2 | |
| Inventory | −8 | −19 | −5 | −15 | −8 | |
| Prepaid expenses and other current assets | −11 | 3 | −885,000 | −2 | −3 | |
| Accounts payable and accrued liabilities | 19 | 21,000 | 1 | 7 | 12 | |
| Deposits and other assets | 5 | −2 | −2 | −328,000 | 186,000 | |
| Net cash used in operating activities | −15 | −61 | −58 | −33 | 25 | |
| Cash paid for acquisitions, net of cash acquired | −12 | — | — | — | — | |
| Purchase of certain real property | −17 | — | — | — | — | |
| Purchases of property and equipment | −8 | −6 | −20 | −30 | −48 | |
| Purchases of short-term investments | −232 | −190 | −266 | −59 | −215 | |
| Proceeds from sales and maturities of short-term investments | 197 | 247 | 303 | 135 | 207 | |
| Proceeds from disposal of property and equipment | — | 38,000 | — | 151,000 | 3,000 | |
| Investment in company-owned life insurance | −5 | −3 | −3 | −1 | −2 | |
| Other investing activities | −750,000 | — | — | — | — | |
| Net cash (used in) provided by investing activities | −78 | 48 | 14 | 45 | −58 | |
| Proceeds from partial unwinding of capped calls related to issuance of convertible senior notes | — | 53 | — | — | — | |
| Proceeds from exercise of stock options | 13 | 39 | 13 | 4 | 26 | |
| Share purchases under Employee Stock Purchase Plan | 8 | 7 | 6 | 6 | 5 | |
| Payments of employee taxes related to vested restricted stock units | −8 | −7 | −3 | −3 | −4 | |
| Payments related to convertible senior notes | — | −712,000 | — | — | — | |
| Payments related to capped call transactions | — | −295,000 | — | 301,000 | — | |
| Principal paid on finance lease | −1 | −877,000 | −711,000 | −527,000 | −659,000 | |
| Net cash provided by financing activities | 12 | 92 | 15 | 6 | 39 | |
| Effect of exchange rate changes on cash and cash equivalents | 804,000 | −3 | 1 | −1 | −2 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −80 | 75 | −27 | 16 | 4 | |
| Purchases of property and equipment included in accounts payable and accrued liabilities | 3 | 909,000 | 1 | 4 | 2 | |
| Contingent consideration acquired | 8 | — | — | — | — | |
| Convertible senior notes exchanged for common stock, net of debt issuance costs | — | 227 | — | — | — | |
| Issuance of common stock related to conversion of convertible senior notes, net of debt issuance costs | — | 57 | — | — | — | |
| Taxes paid, net of refunds | 949,000 | 1 | 2 | 522,000 | 272,000 | |
| Interest paid on convertible senior notes | — | 5 | 8 | 8 | 8 | |
| Other interest paid | 4 | 4 | 4 | 4 | 4 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GLAUKOS Corp's CIK number?
GLAUKOS Corp's SEC CIK number is 0001192448 (1192448). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GLAUKOS Corp's SEC filings?
All of GLAUKOS Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GLAUKOS Corp last report earnings?
GLAUKOS Corp (GKOS) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-191553). This is GLAUKOS Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is GLAUKOS Corp's most recent earnings 8-K?
GLAUKOS Corp's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001193125-26-191553. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GLAUKOS Corp's latest earnings 8-K →
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