Glaukos Corporation GKOS R2K
Glaukos Corporation, an ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally. It offers iStent and iStent inject W micro-bypass stents designed to treat mild-to-moderate open-angle glaucoma through the restoration of the natural physiologic outflow pathways for aqueous humor. The company also provides iStent infinite indicated for use in the treatment of patients with glaucoma uncontrolled by prior medical and surgical therapy; and iDose TR, an intracameral procedural pharmaceutical therapy indicated for the reduction of intraocular pressure in patients with open-angle glaucoma or ocular hypertension. In addition, the company develops iLink, a device used for the treatment of keratoconus without the removal of the epithelium; ILution, a platform of cream-based drug formulation applied to the outer surface of the eyelid for drop less transdermal delivery of pharmaceutically active compounds for the treatment of anterior segment eye disorders; and retinal XR platform to treat age-related macular degeneration, diabetic macular edema, retinal vein occlusion, and other posterior segment retinal diseases. It sells its products to ambulatory surgery centers, hospitals, and physician private practices through a direct sales organization, direct sales subsidiaries, and distributors. The company was formerly known as Transdx, Inc. Glaukos Corporation was incorporated in 1998 and is headquartered in Aliso Viejo, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 21.5% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -29.7% CAGR over 5 years.
- Trading 28.2% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GKOS Glaukos Corporation R2K | 103.35 | - | $6.07B | - | -23.78% | -26.39% | 21.51% | -29.74% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 35.91M | 41.28M | 40.41M | 41.65M | 40.13M | 43.16M | 43.91M | 54.08M | 54.03M | 58.60M | 58.51M | 65.85M | 55.34M | 31.56M | 64.83M | 73.23M | 67.97M | 78.09M | 74.71M | 73.24M | 67.68M | 72.69M | 71.27M | 71.23M | 73.90M | 80.40M | 78.05M | 85.62M | 95.69M | 96.67M | - | 106.66M | 124.12M | 133.54M | 143.12M | 150.57M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24.32M | 26.90M | 28.83M | 144.64M | 33.34M |
| Gross Profit | 19.97M | 24.20M | 25.69M | 28.36M | 30.73M | 35.76M | 34.69M | 37.02M | 34.35M | 37.00M | 37.90M | 46.96M | 46.91M | 50.73M | 50.81M | 49.95M | 22.81M | 9.89M | 46.90M | 53.64M | 51.34M | 60.33M | 59.34M | 56.38M | 50.62M | 54.85M | 54.41M | 54.01M | 55.83M | 60.30M | 59.54M | 65.36M | 73.14M | 74.09M | - | 82.35M | 97.22M | 104.71M | -1.52M | 117.23M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 103.03M | 119.91M | 121.07M | 138.35M | 137.09M |
| Operating Income | 621.00K | 2.12M | 1.03M | 468.00K | 304.00K | -3.87M | 748.00K | 532.00K | -3.71M | -4.25M | -6.94M | 1.90M | -1.94M | -6.24M | -12.41M | -29.70M | -52.61M | -47.20M | -12.35M | -11.39M | -11.80M | -14.22M | 11.02M | -17.87M | 9.79M | -36.76M | -21.61M | -33.73M | -32.99M | -29.07M | -28.01M | -39.07M | -29.97M | -24.66M | - | -20.68M | -22.69M | -16.36M | -139.87M | -19.86M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -7.35M | -8.63M | -4.63M | -125.44M | -5.29M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16M | 1.15M | 1.18M | 1.15M | 1.12M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -17.82M | -19.41M | -16.00M | -139.82M | -19.30M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 326.00K | 248.00K | 234.00K | -6.16M | 484.00K |
| Net Income | 897.00K | 2.33M | 1.16M | 134.00K | 878.00K | -3.30M | 1.32M | 1.01M | -2.71M | -5.40M | -6.62M | 1.78M | -1.34M | -6.31M | -13.51M | 36.58M | -54.06M | -39.89M | -15.75M | -10.65M | -16.47M | -17.48M | 6.23M | -21.87M | 5.38M | -45.54M | -27.58M | -31.46M | -34.63M | -32.81M | -30.44M | -40.84M | -50.55M | -21.41M | - | -18.15M | -19.66M | -16.23M | -133.66M | -19.78M |
| Diluted EPS | 0.03 | 0.06 | 0.03 | 0.00 | 0.02 | -0.10 | 0.04 | 0.03 | -0.08 | -0.15 | -0.19 | 0.04 | -0.04 | -0.17 | -0.37 | 0.84 | -1.24 | -0.90 | -0.35 | -0.24 | -0.36 | -0.38 | 0.13 | 0.47 | 0.11 | -0.96 | -0.58 | -0.66 | -0.72 | -0.68 | -0.63 | -0.82 | -1.00 | -0.39 | - | -0.32 | -0.34 | -0.28 | -2.32 | -0.34 |
| R&D Expense | 7.06M | 6.96M | 7.81M | 7.40M | 8.94M | 9.63M | 9.80M | 10.53M | 10.91M | 12.61M | 13.20M | 12.96M | 13.93M | - | - | - | - | - | - | - | 21.22M | - | - | - | 26.88M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 114.40M | 159.25M | 181.28M | 236.98M | 224.96M | - | 282.86M | 314.71M | 383.48M | 507.44M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | 68.98M | 75.58M | 94.03M | 224.68M |
| Gross Profit | 18.41M | 34.17M | 58.71M | 98.22M | 138.20M | 156.20M | 198.40M | 133.24M | - | 213.88M | 239.14M | 289.45M | 282.76M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | 316.20M | 362.84M | 397.59M | 482.36M |
| Operating Income | -14.20M | -13.17M | -10.30M | 4.24M | -2.28M | -13.00M | -50.29M | -123.55M | - | -102.31M | -123.70M | -108.14M | -199.60M |
| EBITDA | - | - | - | - | - | - | - | - | - | -48.76M | -82.12M | -95.64M | -146.06M |
| Interest Expense | - | - | - | - | - | - | - | - | - | 13.72M | 13.63M | 10.04M | 4.63M |
| Pretax Income | - | - | - | - | - | - | - | - | - | -98.43M | -133.73M | -145.60M | -193.04M |
| Tax Provision | - | - | - | - | - | - | - | - | - | 766.00K | 934.00K | 771.00K | -5.35M |
| Net Income | -12.64M | -12.13M | -37.24M | 4.52M | -92.00K | -12.95M | 15.42M | -120.35M | - | -99.19M | -134.66M | -146.37M | -187.69M |
| Diluted EPS | - | -5.29 | -2.13 | 0.12 | 0.00 | -0.37 | 0.37 | -2.70 | - | -2.09 | -2.78 | -2.77 | -3.28 |
| R&D Expense | 15.51M | 19.20M | 25.05M | 29.22M | 38.91M | 49.68M | - | - | - | - | - | - | - |
Compounded Sales Growth
| 5 Years: | 21.51% |
| 1 Year: | 41.20% |
Compounded Profit Growth
| 5 Years: | -29.74% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +9.61% |
| 6 Months: | -0.96% |
| 3 Months: | -14.16% |
| 1 Month: | -11.64% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 26.02M | 116.66M | 134.37M | 165.84M | 206.97M | 818.40M | 1.01B | - | 1.00B | 940.41M | 974.76M | 893.49M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | 443.86M | 395.46M | 449.79M | 474.98M |
| Cash & Equivalents | 1.73M | 6.73M | 2.30M | 21.57M | 6.49M | 24.51M | 29.82M | 62.43M | 96.60M | - | 119.53M | 93.47M | 169.63M | 90.81M |
| Inventory | - | - | - | - | - | - | - | - | - | - | 37.84M | 41.99M | 57.68M | 63.56M |
| Receivables | - | - | - | - | - | - | - | - | - | - | 36.07M | 39.85M | 60.74M | 108.61M |
| Total Liabilities | - | - | 29.55M | 21.47M | 17.10M | 27.63M | 33.11M | 145.13M | 338.05M | - | 472.38M | 478.65M | 207.82M | 237.33M |
| Current Liabilities | - | - | 20.19M | 20.36M | 16.94M | 26.79M | 30.36M | 57.70M | 49.70M | - | 72.36M | 74.01M | 75.12M | 101.28M |
| Long Term Debt | - | - | 8.97M | 765.00K | - | - | - | - | - | 280.03M | 281.40M | 282.77M | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | 382.48M | 383.74M | 103.40M | 103.88M |
| Total Equity | - | - | -151.30M | 95.19M | 117.27M | 138.20M | 173.86M | 673.27M | 667.45M | - | 530.00M | 461.77M | 766.93M | 656.15M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | 47.78M | 49.15M | 56.47M | 57.54M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | -2.19M | 12.31M | 26.09M | 18.86M | -369.00K | -22.99M | - | -33.08M | -57.76M | -61.32M | -14.79M |
| Investing Cash Flow | - | - | -85.63M | -26.12M | -12.39M | -26.40M | 43.43M | -205.06M | - | 44.78M | 14.10M | 47.83M | -77.61M |
| Financing Cash Flow | - | - | 107.11M | -1.64M | 4.67M | 21.58M | -9.64M | 262.54M | - | 6.25M | 15.04M | 91.54M | 11.89M |
| Capital Expenditure | -852.00K | -868.00K | -877.00K | -6.28M | -6.31M | -10.31M | -4.72M | -6.93M | - | -30.27M | -20.25M | -6.30M | -24.27M |
| Free Cash Flow | - | - | -3.06M | 6.03M | 19.78M | 8.55M | -5.09M | -29.92M | - | -63.35M | -78.01M | -67.62M | -39.06M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | 17.95M | -28.62M | 78.05M | -80.52M |
| Share Buybacks | 132.00K | - | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 85.9% | 86.8% | 86.2% | 83.7% | 59.2% | - | 75.6% | 76.0% | 75.5% | 55.7% |
| Operating Margin % | - | - | - | 3.7% | -1.4% | -7.2% | -21.2% | -54.9% | - | -36.2% | -39.3% | -28.2% | -39.3% |
| Net Margin % | - | - | - | 4.0% | -0.1% | -7.1% | 6.5% | -53.5% | - | -35.1% | -42.8% | -38.2% | -37.0% |
| ROE % | - | 8.0% | -39.1% | 3.9% | -0.1% | -7.4% | 2.3% | -18.0% | - | -18.7% | -29.2% | -19.1% | -28.6% |
| ROCE % | - | -225.8% | -10.7% | 3.6% | -1.6% | -7.4% | -6.6% | -12.9% | - | -11.0% | -14.3% | -12.0% | -25.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.48% | 9.09M | $939.45M |
| 2 | Janus Henderson Group PLC | 9.11% | 5.35M | $552.76M |
| 3 | Primecap Management Company | 5.74% | 3.37M | $348.35M |
| 4 | Vanguard Portfolio Management LLC | 5.46% | 3.21M | $331.58M |
| 5 | Vanguard Capital Management LLC | 4.27% | 2.51M | $259.28M |
| 6 | State Street Corporation | 3.72% | 2.18M | $225.57M |
| 7 | Ameriprise Financial, Inc. | 2.74% | 1.61M | $166.47M |
| 8 | Citadel Advisors Llc | 2.46% | 1.45M | $149.54M |
| 9 | Alliancebernstein L.P. | 2.38% | 1.40M | $144.44M |
| 10 | Holocene Advisors, LP | 2.36% | 1.38M | $143.01M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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