OneMedNet Corp. logo

OneMedNet Corp.(ONMD)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$0.65
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for ONMD

09/25/2026: ONMD (2-star) is currently NOT-A-BUY. Pass it for now.

OneMedNet Corp. is a specialized health-tech company that provides a regulatory-grade network for the secondary use of clinical images and data. Its primary strength lies in its proprietary iCR technology, which helps pharmaceutical and AI researchers access high-quality datasets. The company's growth story centers on scaling its network to attract more research partners, though it faces significant execution, competition, and cash-burn risks common to emerging small-cap firms. It is best suited for growth-oriented investors who can tolerate high volatility. Investors should monitor the company's ability to secure new high-value contracts and maintain its data compliance standing in an evolving regulatory landscape.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers growth potential in the AI-health space but carries the high execution risks of a small-cap entity.
Momentum investorWeak fitMomentum is generally low for this stock unless significant, sustained positive news flow regarding partnerships emerges.
Value investorWeak fitThe lack of consistent earnings and high risk profile makes this a poor fit for traditional value strategies.
Dividend investorWeak fitThe company does not pay a dividend and focuses entirely on reinvestment.
Low-risk investorWeak fitHigh volatility and the small-cap nature of the company make it unsuitable for risk-averse portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighAs a small-cap stock, liquidity and sentiment can drive large swings in share price.
Valuation riskHighThe lack of established profitability makes fair value difficult to ascertain.
Competition risk (AI competition)Medium / highLarge tech incumbents could potentially develop or acquire competing datasets.
Business qualityMediumThe business model relies on proprietary technology but faces integration hurdles.
Dividend incomeLow / noneNo capital return program is in place for shareholders.
Execution riskMedium / highScaling the network to include more providers is complex and capital-intensive.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 135.55%
Avg. Invested days 54
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ONMD receives a 2-star rating, supported by available scored pillars. The rating is constrained by soft unit economics, soft quantitative characteristics, and soft analyst coverage.

Company Fundamentals

★★★★★
ONMD has moderate overall fundamentals (3 stars), with weak financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+72.3%) and strong revenue growth (+111.4%) are partially offset by soft cash generation (FCF margin -553.1%), soft profitability (net margin -206.1%).

Financial Health Rating

★★★★★
ONMD's financial health is supported by soft liquidity, including working-capital and asset support (WC/assets -126.9%). Operating efficiency is weak (1 stars), which helps explain the 1-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is ONMD's strongest growth driver at +111.4% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+72.3%, strong) is also strong, while free-cash-flow growth (-6.9%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 30.4% and approximately 32.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 70.03% supports management-shareholder alignment.

Top 5 Institutional Investors

Burns Wealth Management Inc 14.13%
Vanguard Capital Management, LLC 1.88%
Geode Capital Management, LLC 0.57%
Vanguard Fiduciary Trust Co 0.23%
Citigroup Inc 0.23%

Unit Economics (Per $1K Revenue)

★★★★★
ONMD generates approximately $-370 of gross profit, $-7,113 of operating income, and $-5,531 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: -0.04% (Tax Credit)

Quantitative Style Profile

★★★★★
ONMD has a High Volatility Profile profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 38.54M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) 385.2K shares
Beta 1.12
52 Weeks Range 0.49 - 4.22
Updated Date 09/26/2026
52 Weeks Range 0.49 - 4.22
Updated Date 09/26/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.17

How Company Makes Money

Business areaWhat it includesRetail investor read
iCR Network ServicesFees charged for providing researchers and pharmaceutical firms with access to curated, de-identified clinical image data.The company acts as a broker/gatekeeper for high-quality medical data used by AI and researchers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Advertisement

Valuation

Trailing PE -
Forward PE -
Enterprise Value 39.15M
Price to Sales(TTM) 26.49
Enterprise Value 39.15M
Price to Sales(TTM) 26.49
Enterprise Value to Revenue 26.9
Enterprise Value to EBITDA 16.73
Shares Outstanding 59.29M
Shares Floating 19.08M
Shares Outstanding 59.29M
Shares Floating 19.08M
Percent Insiders 70.03
Percent Institutions 30.37

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About OneMedNet Corp.

Exchange NASDAQ
Headquarters Eden Prairie, MN, United States
IPO Launch date 2023-11-08
CEO, President & Director Mr. Aaron Green
Sector Healthcare
Industry Health Information Services
Full time employees 22
Full time employees 22

OneMedNet Corporation, a healthcare software company, provides digital medical image management, exchange, and sharing solutions in the Americas, Europe, and the Middle East. It offers iRWD, which provides regulatory grade imaging and clinical data in the pharmaceutical, device manufacturing, contract research organizations, and artificial intelligence markets markets. The company also provides BEAM, a medical imaging exchange platform between hospital/healthcare systems, imaging centers, physicians, and patients. OneMedNet Corporation is headquartered in Eden Prairie, Minnesota.