Oatly
Oatly (NASDAQ: OTLY) is a publicly traded Plant-Based & Alt-Protein company founded in 1994 and based in Malmö, Sweden.
Oatly was founded in 1994 and is headquartered in Malmö, Sweden. It grew out of oat research at Lund University in the early 1990s and makes oat drinks, creams, oatgurts and frozen desserts from a patented enzyme-based liquid oat base. Oatmilk made up about 90% of revenue in 2025. Oatly listed American depositary shares on Nasdaq under OTLY in May 2021. It produces at an owned factory in Landskrona, Sweden, an oat-base plant in Millville, New Jersey, leased plants in Vlissingen, Netherlands, Ogden, Utah and Ma'anshan, China, and through co-manufacturers. Revenue rose 4.7% to $862.5 million in 2025. In the second quarter of 2026 revenue grew 15.2% to $240.1 million on 156.1 million liters sold, adjusted EBITDA was $0.4 million, and Oatly raised its 2026 constant-currency revenue growth outlook to 8% to 10%. On June 30, 2026 it held $44.6 million in cash against $517.8 million of debt, and it expects to complete a strategic review of its Greater China business within 2026.
Oatly gives the sector a listed plant-based dairy company that reports volumes, margins and guidance every quarter. It enters new markets with Barista Edition in coffee shops and foodservice before widening its range and moving into retail. In the second quarter of 2026 its Europe & International revenue rose 21.0% to $143.1 million and North America grew 5.9%, while adjusted EBITDA turned positive at $0.4 million. Its results sit beside Beyond Meat's as a public read on demand for plant-based alternatives.
At a glance
Total raised
Undisclosed
Headcount
1k-5k
Headquarters
Malmö
SwedenFounded
1994
Status
Public
Subsector
Food Tech, ranked
Top 25 Food Tech companies →Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
