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NYSE · Healthcare

GLAUKOS Corp (GKOS)

As-reported financials and SEC filings for GLAUKOS Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About GLAUKOS Corp

Glaukos Corp is an ophthalmic pharmaceutical and medical technology company that develops and commercializes treatments for glaucoma, corneal disorders, and retinal diseases. Its main products include micro-invasive glaucoma surgery devices like the iStent family, sustained-release pharmaceuticals such as iDose TR for glaucoma, and bio-activated pharmaceuticals for corneal conditions. The company serves ophthalmologists and eye care professionals globally, providing therapies designed to improve outcomes for patients with chronic eye diseases.

Snapshot

Revenue
$507.4M
Revenue growth (YoY)
32.3%
Net income
$-187.7M
Diluted EPS
$-3.28
Gross margin
78.0%
Operating margin
-39.3%
Net margin
-37.0%
FCF margin
-4.4%
ROE
-28.6%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$10.59B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at GLAUKOS

  • Revenue grew 32.3% to $507M in FY2025, faster than the 21.9% the year before.
  • Operating margin is -39.3% in FY2025, -28.2 pp against -11.2% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $186M, up 49.5% from Q2 FY2025.
  • Free cash flow was negative $22M in FY2025.
  • Net loss widened to $188M in FY2025, from $146M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where GLAUKOS’s fundamentals sit among the 88 medical device companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin78.0%
87th percentile of 77
Operating margin-39.3%
19th percentile of 80
Net margin-37.0%
19th percentile of 81
FCF margin-4.4%
37th percentile of 74
Revenue growth (YoY)+32.3%
81st percentile of 87
ROE-28.6%
37th percentile of 79
Short interest5.21d
71st percentile of 88

GLAUKOS’s gross margin of 78.0% ranks in the 87th percentile of the 77 medical device companies reporting it.

No reported insider purchases (code P) in the last 90 days; 13 insider sales totaling $22.4M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$475.4M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$221.0M1.6MAdded
Citadel AdvisorsquantQ2 2026$194.3M1.4MReduced
Renaissance TechnologiesquantQ2 2026$20.6M147.2KAdded
Point72 Asset ManagementquantQ2 2026$19.3M138.3KAdded
Two Sigma InvestmentsquantQ2 2026$8.9M63.4KHeld
D. E. ShawquantQ2 2026$8.0M57.2KReduced
AQR Capital ManagementquantQ2 2026$2.3M16.4KAdded
Polen Capital ManagementQ2 2026$673,3644.8KNew
Bridgewater AssociatesQ2 2026$462,6063.3KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
13
$22.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-28
filed 2026-09-01
Navratil TomasCHIEF DEVELOPMENT OFFICERSell7.6K$180.25$1.4M
2026-08-28
filed 2026-09-01
Navratil TomasCHIEF DEVELOPMENT OFFICERSell6.1K$181.19$1.1M
2026-08-28
filed 2026-09-01
Navratil TomasCHIEF DEVELOPMENT OFFICERSell10$182.50$2K
2026-08-19
filed 2026-08-20
Kliman Gilbert HDirectorSell2.5K$190.00$475K
2026-08-11
filed 2026-08-13
Gilliam Joseph EPRESIDENT & COOSell32.0K$180.49$5.8M
2026-08-11
filed 2026-08-13
Gilliam Joseph EPRESIDENT & COOSell28.0K$178.89$5.0M
2026-08-07
filed 2026-08-11
Thurman Alex R.SVP & CHIEF FINANCIAL OFFICERSell20.0K$180.13$3.6M
2026-07-31
filed 2026-08-03
WEN LEANADirectorSell525$167.63$88K
2026-07-16
filed 2026-07-21
Thurman Alex R.SVP & CHIEF FINANCIAL OFFICERSell10.0K$160.00$1.6M
2026-07-09
filed 2026-07-13
Thurman Alex R.SVP & CHIEF FINANCIAL OFFICERSell10.0K$155.00$1.6M
2026-07-06
filed 2026-07-08
Thurman Alex R.SVP & CHIEF FINANCIAL OFFICERSell10.0K$150.00$1.5M
2026-07-01
filed 2026-07-08
Navratil TomasCHIEF DEVELOPMENT OFFICERSell716$139.06$100K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.0M
settled 2026-08-14
Change vs prior
+8.9%
vs previous settlement
Days to cover
5.21
at avg daily volume
Avg daily volume
758.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.0M+8.9%5.21
2026-07-313.6M-22.9%3.64
2026-07-154.7M+5.7%6.29
2026-06-304.4M+6.6%4.46
2026-06-154.2M+33.9%3.49
2026-05-293.1M-5.7%2.05
2026-05-153.3M+13.8%4.26
2026-04-302.9M-10.1%3.61

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$507.4M$383.5M$314.7M$282.9M$294.0M
Gross profit$395.6M$289.5M$239.1M$213.9M$227.4M
Operating income$-199.6M$-122.4M$-128.7M$-82.3M$-32.9M
Net income$-187.7M$-146.4M$-134.7M$-99.2M$-49.6M
Diluted EPS$-3.28$-2.77$-2.78$-2.09$-1.07

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$90.8M$169.6M$93.5M$119.5M$100.7M
Current assets$475.0M$449.8M$395.5M$443.9M$486.1M
Total assets$893.5M$974.8M$940.4M$1.00B$1.05B
Current liabilities$101.3M$75.1M$74.0M$72.4M$63.4M
Long-term debt
Total liabilities$237.3M$207.8M$478.6M$472.4M$462.5M
Total equity$656.2M$766.9M$461.8M$530.0M$587.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-14.8M$-61.3M$-57.8M$-33.1M$24.7M
Capital expenditure$7.7M$6.3M$20.2M$30.3M$47.8M
Free cash flow$-22.5M$-67.6M$-78.0M$-63.3M$-23.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$185.6M49.5%$-18.4M$-0.31
Q1 FY2026$150.6M41.2%$-19.8M$-0.34
Q4 FY2025$143.1M35.7%$-133.7M$-2.32
Q3 FY2025$133.5M38.1%$-16.2M$-0.28
Q2 FY2025$124.1M29.7%$-19.7M$-0.34
Q1 FY2025$106.7M24.6%$-18.1M$-0.32
Q4 FY2024$105.5M28.1%$-33.6M$-0.60
Q3 FY2024$96.7M23.9%$-21.4M$-0.39

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK1192448

Selected SEC filings

10-Q2026-07-29
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-06-03
View on EDGAR →
8-K2026-05-04
View on EDGAR →

Largest medical device peers

All medical device stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.