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OneMedNet Corporation

ONMD
Medical - Healthcare Information Services · Healthcare
Price
$0.62
-0.03 (-4.35%)
Market Cap
$35.6M
Exchange
NASDAQ Global Market
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+197.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 15.0M (2021) → 44.5M (2025)

OneMedNet Corporation is a small healthcare technology company that helps hospitals, clinics, and medical researchers share and access medical images — like X-rays, MRIs, and CT scans. Its main product is a cloud-based platform called IMED that acts as a marketplace where healthcare organizations can exchange real-world imaging data. The company serves medical institutions and life sciences companies that need large collections of medical images for research, clinical trials, and artificial intelligence development.

OneMedNet earns revenue by charging fees for access to its imaging data network and related data services, rather than selling physical hardware. It operates primarily in the United States and is a very small company, with a market cap near zero and deeply negative profit margins, meaning it spends far more than it earns. The key growth driver is rising demand for medical imaging data to train AI diagnostic tools, but the company faces serious financial risk given its heavy losses and limited revenue base.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-29.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+20.6% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$2M/ year

Flat (+3% vs prior year)

111.5% of revenue

6.2x the sector average (18%)

Steady R&D investment year-over-year

Insider Activity

34.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

~0 months

$233,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

OneMedNet Corporation has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-395.8%
Thin — -395.8% gross margin
Operating Margin
-2658.3%
Losing money on operations — -2658.3%
ROCE
N/A
Data not available

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Growth

Sales YoY
+147.9%
Fast-growing sales (+147.9% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-538.8%
Burning cash (-538.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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