Origin Materials reports FY2024 net loss $83.7M; guides FY2026 revenue $110M-$140M, EBITDA positive by end 2026

Origin Materials, Inc.

Q4 2024 revenue $9.2M (vs $13.1M prior year); full-year revenue $31.3M (vs $28.8M).
Full-year net loss $83.7M vs net income $23.8M in 2023; adjusted EBITDA loss $48.4M vs $41.6M.
Cash and equivalents $102.9M as of Dec 31, 2024; no additional equity capital anticipated.
Expects eight CapFormer lines online by end 2025; achieved first PET cap commercial production in Feb 2025.
Revised EBITDA run-rate positive target to end of 2026 (from H1 2026); FY2026 revenue guidance $110M-$140M.

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