Origin Materials Q2 revenue $5.8M; cuts 2026 rev guidance to $20-30M from $50-70M

Origin Materials, Inc.

2025-Q2 EPS reported -$0.27 revenue$11,243,000

First Origin PET bottlecaps on store shelves with flat water customer; Berlin Packaging announced as customer.
Launched strategic review with RBC to explore manufacturing partnerships and value capture.
CapFormer line delays: FAT now 30-90 days later; lines 7-8 delayed to H2 2026.
Q2 2025 net loss $12.7M (vs $19.5M); Adj EBITDA loss $9.9M; cash $69.4M.
Revised guidance: 2026 rev $20-30M (from $50-70M); 2027 rev $100-200M; Adj EBITDA breakeven pushed to 2027.

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