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Nasdaq · Healthcare

Orchestra BioMed Holdings, Inc. (OBIO)

As-reported financials and SEC filings for Orchestra BioMed Holdings, Inc. 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 Orchestra BioMed Holdings, Inc.

Orchestra BioMed Holdings, Inc. is a biomedical innovation company that develops therapeutic medical devices through partnerships with global medical device companies. Its main products include AVIM Therapy, a bioelectronic treatment for hypertension integrated with cardiac pacemakers, and Virtue SAB, a drug/device combination for treating atherosclerotic artery disease. The company conducts clinical trials and collaborates with partners like Medtronic and Terumo to develop and commercialize these therapies for patients with hypertension and artery disease.

Snapshot

Revenue
$33.5M
Revenue growth (YoY)
1169.2%
Net income
$-52.7M
Diluted EPS
$-1.11
Gross margin
Operating margin
Net margin
FCF margin
ROE
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$311.6M
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 Orchestra BioMed Holdings

  • Revenue grew 1169.2% to $33M in FY2025, after a 4.4% decline the year before.
  • Most recent quarter Q2 FY2026: revenue $88000, down 89.5% from Q2 FY2025.
  • Free cash flow was negative $49M in FY2025.
  • Net loss narrowed to $53M in FY2025, from $61M 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 Orchestra BioMed Holdings’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).

Revenue growth (YoY)+1169.2%
Highest of 87
Short interest13.12d
95th percentile of 88

Orchestra BioMed Holdings’s revenue growth of +1169.2% is the highest of the 87 medical device companies reporting it.

1 reported insider purchase (code P) totaling $10,660 in the last 90 days, against 2 sales totaling $125,400. 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 3 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+3 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$728,173
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$388,35090.0KAdded
Citadel AdvisorsquantQ2 2026$242,46456.2KReduced
Two Sigma InvestmentsquantQ2 2026$97,35922.6KReduced

No longer held by: Millennium Management (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

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)
1
1 insider
Bought (90d)
$11K
code P value
Sells (90d)
2
$125K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-26
filed 2026-08-28
Sherman DarrenSee RemarksBuy2.0K$5.33$11K
2026-08-03
filed 2026-08-04
Sherman DarrenSee RemarksSell15.0K$4.09$61K
2026-07-01
filed 2026-07-02
Sherman DarrenSee RemarksSell15.0K$4.27$64K
2026-06-01
filed 2026-06-02
Sherman DarrenSee RemarksSell15.0K$3.87$58K
2026-06-01
filed 2026-06-02
Hochman David PSee RemarksBuy5.0K$3.83$19K
2026-05-18
filed 2026-05-20
Aryeh JasonDirectorBuy665$3.75$2K
2026-05-15
filed 2026-05-19
Aryeh JasonDirectorBuy9.0K$3.90$35K
2026-05-15
filed 2026-05-19
Hochman David PSee RemarksBuy5.0K$3.77$19K
2026-05-14
filed 2026-05-18
Fain Eric SDirectorBuy20.0K$4.13$83K
2026-04-27
filed 2026-04-29
RTW INVESTMENTS, LP10% ownerSell32$4.13$132

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
2.4M
settled 2026-08-14
Change vs prior
-1.7%
vs previous settlement
Days to cover
13.12
at avg daily volume
Avg daily volume
181.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.4M-1.7%13.12
2026-07-312.4M-6.3%13.37
2026-07-152.6M+16.4%10.86
2026-06-302.2M+79.5%2.71
2026-06-151.2M+30.6%5.62
2026-05-29948.2K+12.6%3.77
2026-05-15842.3K-13.4%3.21
2026-04-30972.6K+9.7%5.09

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$33.5M$2.6M$2.8M$3.5M
Gross profit
Operating income$-51.8M$-64.3M$-51.5M$-32.7M$-394,756
Net income$-52.7M$-61.0M$-49.1M$-33.6M$-378,753
Diluted EPS$-1.11$-1.66$-1.48$-2.24$-0.02

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$34.7M$22.3M$30.6M$19.8M$1.8M
Current assets$107.9M$69.2M$89.1M$84.7M$1.8M
Total assets$114.9M$76.2M$95.2M$95.6M$161.8M
Current liabilities$16.7M$16.2M$11.2M$18.6M$165,539
Long-term debt$15.0M$15.0M
Total liabilities$51.5M$43.2M$27.2M$43.0M$5.8M
Total equity$53.6M$33.0M$68.0M$52.5M$-19.8M

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$-49.0M$-50.6M$-46.1M$-29.3M$-272,362
Capital expenditure$489,000$289,000$78,000$591,000
Free cash flow$-49.5M$-50.8M$-46.2M$-29.9M

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$88,000-89.5%$-23.8M$-0.38
Q1 FY2026$110,000-87.3%$-20.7M$-0.33
Q4 FY2025$6.2M$0.10
Q3 FY2025$861,000-12.8%$-20.8M$-0.40
Q2 FY2025$836,0007.5%$-19.4M$-0.50
Q1 FY2025$868,00040.0%$-18.8M$-0.49
Q4 FY2024$253,000-3.4%$-16.2M$-0.42
Q3 FY2024$987,000135.6%$-15.4M$-0.41

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

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1814114

Selected SEC filings

10-K2026-03-12
View on EDGAR →
10-Q2026-08-10
View on EDGAR →
10-Q2026-05-12
View on EDGAR →
8-K2026-06-23
View on EDGAR →
8-K2026-02-13
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.