LXRX (LXRX) financial statements
LXRX reported revenue of $50M in fiscal 2025, up 15.3% a year over 8 years.
Net income was -$50M.
Free cash flow was -$68M.
The diluted share count rose 250% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LXRX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $16M | $27M | $32M | $23M | $0 | $0 | $1M | $6M | $50M |
| Cost of revenue | $0 | $2M | $2M | $3M | $2M | $0 | $0 | $85,000 | $616,000 | $274,000 |
| Gross profit | $0 | $14M | $24M | $29M | $21M | $0 | $0 | $1M | $5M | $50M |
| Research and development | $164M | $152M | $100M | $92M | $154M | $55M | $53M | $59M | $84M | $61M |
| Selling, general and admin | $43M | $66M | $64M | $57M | $47M | $32M | $48M | $114M | $143M | $37M |
| Operating income | -$127M | -$131M | -$103M | $141M | -$48M | -$87M | -$101M | -$172M | -$197M | -$49M |
| Interest expense | $7M | $7M | $21M | $21M | $15M | $802,000 | $3M | — | — | — |
| Pre-tax income | -$131M | -$136M | -$121M | $124M | -$59M | -$88M | — | — | — | — |
| Income tax | $0 | — | — | — | — | $0 | $0 | $0 | $0 | — |
| Net income | -$131M | -$123M | -$121M | $130M | -$59M | -$88M | -$102M | -$177M | -$200M | -$50M |
| EPS (diluted) | -$1.27 | -$1.17 | -$1.14 | $1.16 | -$0.53 | -$0.60 | -$0.62 | -$0.80 | -$0.63 | -$0.14 |
| Diluted shares | 104M | 105M | 106M | 117M | 111M | 146M | 166M | 221M | 320M | 363M |
| Gross margin | — | 88.0% | 90.6% | 90.0% | 91.8% | — | — | 92.3% | 89.7% | 99.4% |
| Operating margin | — | -822.1% | -388.5% | 437.5% | -204.2% | — | — | -15473.0% | -3284.7% | -98.2% |
| Net margin | — | -774.0% | -453.5% | 402.5% | -250.3% | — | — | -15956.7% | -3339.5% | -101.1% |
Balance sheet
Fiscal years, from LXRX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $347M | $311M | $160M | $272M | $152M | $87M | $138M | $170M | $238M | $96M |
| Receivables | $7M | $5M | $6M | $57M | $395,000 | $14,000 | $28,000 | $1M | $3M | $2M |
| Inventory | $0 | $2M | $5M | $4M | $0 | — | $0 | $381,000 | $231,000 | $281,000 |
| Total current assets | $358M | $322M | $173M | $338M | $158M | $89M | $141M | $177M | $246M | $102M |
| Property, plant and equipment | $19M | $18M | $16M | $14M | $295,000 | $1M | $2M | $2M | $2M | $2M |
| Goodwill | $45M | $45M | $45M | $45M | $45M | $45M | $45M | $45M | $45M | $45M |
| Total assets | $476M | $437M | $284M | $418M | $204M | $137M | $194M | $229M | $298M | $185M |
| Total current liabilities | $165M | $105M | $37M | $65M | $47M | $22M | $23M | $32M | $45M | $21M |
| Long-term debt | $85M | $232M | $244M | $234M | $0 | $0 | $49M | $100M | $100M | $49M |
| Total liabilities | $318M | $368M | $311M | $301M | $47M | $23M | $77M | $136M | $152M | $77M |
| Shareholders' equity | $168M | $68M | -$26M | $117M | $156M | $114M | $117M | $93M | $146M | $108M |
| Net debt | $55M | $184M | $165M | $209M | -$115M | -$64M | $2M | $77M | $34M | $20M |
Cash flow
Fiscal years, from LXRX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$176M | -$185M | -$149M | $114M | -$143M | -$87M | -$89M | -$162M | -$179M | -$68M |
| Capital spending | $231,000 | $228,000 | $95,000 | $70,000 | $87,000 | $1M | $1M | $470,000 | $1M | $0 |
| Free cash flow | -$176M | -$186M | -$149M | $114M | -$143M | -$88M | -$90M | -$162M | -$180M | -$68M |
| Stock-based compensation | $7M | $9M | $12M | $14M | $13M | $11M | $12M | $14M | $13M | $13M |
| Share buybacks (net) | -$621,000 | -$2M | -$972,000 | -$941,000 | -$1M | -$3M | -$864,000 | -$824,000 | -$2M | — |
| Net borrowing | -$2M | $144M | -$2M | -$1M | -$217M | -$12M | $98M | $50M | $0 | -$48M |
| Free cash flow margin | — | -1168.2% | -559.4% | 351.8% | -611.2% | — | — | -14627.7% | -2996.4% | -136.2% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LXRX.
Open LXRX in InvestinglyQuestions
What was LXRX's revenue in 2025?
$50M in fiscal 2025, from its 10-K filing.
How much free cash flow does LXRX generate?
-$68M in fiscal 2025 (operating cash flow minus capital spending).
From LXRX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.