OTLY
Oatly Group AB
OTLY lost money over the past year, so it has no meaningful PE right now.
OTLY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Weak |
OTLY's revenue is currently healthy, and its profitability is stable, but its cash flow and balance sheet are under pressure.
OTLY PE Valuation
OTLY has no meaningful PE right now: it lost money over the past year.
OTLY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect OTLY's revenue to grow, with its earnings and profitability holding steady.
OTLY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.87 | +$4.66 |
| Q2 2026 | -$4.21 | +$2.28 |
| Q1 2026 | -$5.07 | +$0.58 |
| Q4 2025 | -$5.09 | +$1.68 |
| Q4 2025 | -$7.53 | +$6.24 |
| Q2 2025 | -$6.49 | +$4.64 |
| Q1 2025 | -$5.65 | +$7.36 |
| Q4 2024 | -$6.77 | +$7.26 |
OTLY is still losing money, but far less than before: $2.87 per share over the past year, against $14.03 at its worst in late 2023.
OTLY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $243.1M | +9.1% |
| Q2 2026 | $240.1M | +15% |
| Q1 2026 | $228.3M | +16% |
| Q4 2025 | $233.8M | +9.1% |
| Q4 2025 | $222.8M | +6.5% |
| Q2 2025 | $208.4M | +3% |
| Q1 2025 | $197.5M | -0.8% |
| Q4 2024 | $214.3M | +5% |
OTLY's revenue has grown year over year for six quarters in a row: $243M last quarter, up 9.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.8% | +3.8 points |
| Q2 2026 | -7.2% | +3.4 points |
| Q1 2026 | -5% | +4.4 points |
| Q4 2025 | -4.3% | +38 points |
| Q4 2025 | -7.6% | +5.7 points |
| Q2 2025 | -11% | +8.7 points |
| Q1 2025 | -9.4% | +4.9 points |
| Q4 2024 | -42% | +77 points |
OTLY's operating margin was −3.8% last quarter, up 3.8 points from the same quarter a year ago, near the top of its range since 2020.
OTLY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$18.4M | -$13M |
| Q2 2026 | -$592K | +$4.6M |
| Q1 2026 | -$11.7M | +$8.8M |
| Q4 2025 | -$6.7M | +$15.8M |
| Q4 2025 | -$5.4M | +$21.3M |
| Q2 2025 | -$5.2M | +$56M |
| Q1 2025 | -$20.5M | +$24.5M |
| Q4 2024 | -$22.5M | +$8.7M |
OTLY has burned cash in almost every quarter: −$37M over the past year, against −$54M the year before.
OTLY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +457K shares |
| 1 year | +6.2% | +1.9M shares |
| 3 years | +7.5% | +2.2M shares |
| 5 years | +7.9% | +2.3M shares |
| Available history | +7.8% | +2.3M shares |
OTLY has 32M diluted shares, up 6.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
OTLY hasn't bought back shares in the past year.
OTLY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 68.9x | High |
| Q2 2024 | 46.6x | High |
OTLY's net debt is more than 20 years of its operating earnings (EBITDA).
OTLY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.0 | Oversold |
OTLY's weekly RSI is 35 (neutral) and its Stochastic is 4 (oversold).
OTLY PE vs Consumer Defensive Sector
OTLY has no meaningful PE right now: it lost money over the past year.
OTLY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.94 | 24% below |
| 20 week MA | $11.7 | 35% below |
| 50 week MA | $11.2 | 32% below |
| 100 week MA | $12.0 | 37% below |
| 200 week MA | $19.0 | 60% below |
OTLY is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.
OTLY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $449.2 | $162.8 | -64% |
| 2022 | $162.8 | $28.4 | -83% |
| 2023 | $28.4 | $23.6 | -17% |
| 2024 | $23.6 | $12.8 | -46% |
| 2025 | $12.8 | $11.1 | -13% |
| 2026 YTD | $11.1 | $7.60 | -32% |
OTLY has finished every year since 2021 lower, and it's down 32% so far in 2026.