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GKOSGlaukos Corporation
$150.65$8.8B
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GKOS logoGlaukos Corporation(GKOS)Earnings, Financials & Key Ratios

GKOS•NYSE
$150.65
Price updated Jul 7, 2026
SectorHealthcareIndustryMedical DevicesSub-IndustryVision, dental, and ENT devices
AboutGlaukos Corporation, an ophthalmic medical technology and pharmaceutical company, focuses on the development of novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. It offers iStent, iStent inject, iStent inject W micro-bypass stents that enhance aqueous humor outflow inserted in cataract surgery to treat mild-to-moderate open-angle glaucoma. The company's product pipeline includes iStent Infinite, a three stents product that is designed for use as a standalone procedure in patients with refractory glaucoma; and iDose TR, a targeted injectable implant based on its micro-scale device-platform that is designed to deliver therapeutic levels of medication. The company markets its products through direct sales organization, as well as through distributors in the United States and internationally. Glaukos Corporation was incorporated in 1998 and is headquartered in San Clemente, California.Show more
  • Revenue$507M+32.3%
  • EBITDA-$44M+46.2%
  • Net Income-$188M-28.2%
  • EPS (Diluted)-3.28-18.4%
  • Gross Margin77.49%+2.7%
  • EBITDA Margin-8.75%+59.3%
  • Operating Margin-17.09%+46.4%
  • Net Margin-36.99%+3.1%
  • ROE-26.38%-10.7%

GKOS Price & Volume

Glaukos Corporation (GKOS) stock price & volume — 10-year historical chart

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Accelerating Revenue Growth Faces Persistent Profitability Hurdles

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Negative
Financial:Adequate
Cash Flow:Burning
Primary Risk:CMS reimbursement policy volatility

Key Thesis Takeaways

  • Glaukos is currently navigating a pivotal transition toward a pharmaceutical-device hybrid model, evidenced by a robust 41.2% year-over-year revenue growth in 2026Q1.
  • While the company has successfully deleveraged its balance sheet, reducing debt-to-equity from 0.83 in 2023Q4 to 0.15 in 2026Q1, it continues to struggle with operating leverage and consistent GAAP profitability.
  • Investors should monitor the impact of potential CMS physician fee schedule adjustments on future adoption rates, as these regulatory risks may threaten the sustainability of the current growth trajectory.

Verdict Logic

while the company has successfully reduced its debt-to-equity ratio to 0.15, the persistent reliance on $19.1M in quarterly stock-based compensation and the lack of positive operating cash flow warrant a cautious approach until GAAP profitability is demonstrated.

GKOS Growth Metrics

Glaukos Corporation (GKOS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years21.61%
5 Years17.67%
3 Years21.51%
TTM36.3%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-53.08%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-38.4%

Return on Capital

10 Years-8.03%
5 Years-9.82%
3 Years-12.63%
Last Year-10.25%

GKOS Recent Earnings

Glaukos Corporation (GKOS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$0.18+40.0%
$0.30
Rev
$151M+9.9%
$137M
Q1 2026
Feb 17, 2026
Metric
Actual
Est
EPS
$0.28-27.3%
$0.22
Rev
$143M+4.9%
$136M
Q4 2025
Oct 29, 2025
Metric
Actual
Est
EPS
$0.16+40.7%
$0.27
Rev
$134M+3.2%
$129M
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.24+7.7%
$0.26
Rev
$124M+1.4%
$122M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.18vs $0.30+40.0%
$151Mvs $137M+9.9%
Q1 2026Feb 17, 2026
$0.28vs $0.22-27.3%
$143Mvs $136M+4.9%
Q4 2025Oct 29, 2025
$0.16vs $0.27+40.7%
$134Mvs $129M+3.2%
Q3 2025Jul 30, 2025
$0.24vs $0.26+7.7%
$124Mvs $122M+1.4%
Based on last 12 quarters of dataView full earnings history →

Latest GKOS News

Recent stock market news and headlines for Glaukos Corporation (GKOS)

247 Wallst·2 days ago
Here Are Monday’s Best Wall Street Analyst Research Calls: Agnico Eagle Mines, Datadog, Delta Air Lines, Gilead Sciences, Okta, Pfizer, Regions Financial, T-Mobile, and More

Pre-Market Stock Futures: Futures are trading mixed as we get ready to start the first full week of trading for the third quarter, as traders and investors return from the long 4th of July holiday. With second-quarter earnings starting this week, and with all of the major indices trading at or near all-time highs, you... Here Are Monday's Best Wall Street Analyst Research Calls: Agnico Eagle Mines, Datadog, Delta Air Lines, Gilead Sciences, Okta, Pfizer, Regions Financial, T-Mobile, and More

Business Wire·Jun 25, 2026
Glaukos Announces Completion of Patient Enrollment in Phase 2 Study of GLK-321 for Demodex Blepharitis

ALISO VIEJO, Calif.--(BUSINESS WIRE)--Glaukos Corporation (NYSE: GKOS), an ophthalmic pharmaceutical and medical technology company focused on novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases, today announced completion of patient enrollment in its Phase 2 clinical study evaluating GLK-321 for the treatment of Demodex blepharitis. GLK-321 is an investigational drug candidate using Glaukos' proprietary iLution platform, a novel ophthalmic drug-delivery syste.

Peers Comparison

Key metrics vs top competitors for Glaukos Corporation (GKOS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GKOS logoGKOSGlaukos CorporationCurrent
$150.65$8.82B-45.9332.33%-36.99%-26.38%—
ATRC logoATRCAtriCure, Inc.
$32.80$1.66B-136.6714.88%-0.83%-0.95%—
NVCR logoNVCRNovoCure Limited
$17.72$2.02B-14.528.28%-25.66%-50.82%—
TNDM logoTNDMTandem Diabetes Care, Inc.
$15.43$1.06B-5.087.93%-9.2%-68.29%—
INSP logoINSPInspire Medical Systems, Inc.
$50.08$1.44B10.2413.6%14.33%17.98%—
EW logoEWEdwards Lifesciences Corporation
$94.82$54.6B51.8111.55%17.34%10.54%—

Compare GKOS vs Peers

Glaukos Corporation (GKOS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ATRC

Most directly comparable listed peer for GKOS.

Scale Benchmark

vs ABT

Larger-name benchmark to compare GKOS against a more recognizable public peer.

Peer Set

Compare Top 5

vs ATRC, NVCR, TNDM, INSP

GKOS SEC Filings & Documents

Glaukos Corporation (GKOS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Mar 2, 2026·SEC

Material company update

Feb 17, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 4, 2025·SEC

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GKOS Frequently Asked Questions

Glaukos Corporation (GKOS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Glaukos Corporation's revenue?

Glaukos Corporation (GKOS) reported $551.3M in revenue for fiscal year 2025. This represents a 22599% increase from $2.4M in 2012.

How fast is Glaukos Corporation growing?

Glaukos Corporation (GKOS) grew revenue by 32.3% over the past year. This is strong growth.

Is GKOS profitable?

Glaukos Corporation (GKOS) reported a net loss of $189.3M for fiscal year 2025.

Dividend & Returns
What is GKOS's return on equity?

Glaukos Corporation (GKOS) has a return on equity (ROE) of -26.4%. Negative ROE indicates the company is unprofitable.

What is Glaukos Corporation's free cash flow?

Glaukos Corporation (GKOS) had negative free cash flow of $18.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in GKOS back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →