PYXS (PYXS) financial statements
PYXS reported revenue of $14M in fiscal 2025, down 14.2% a year over 1 years.
Net income was -$80M.
Free cash flow was -$64M.
The diluted share count rose 5930% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PYXS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $16M | $14M |
| Cost of revenue | — | — | — | — | $475,000 | $2M |
| Gross profit | — | — | — | — | $16M | $11M |
| Research and development | $9M | $51M | $86M | $50M | $59M | $74M |
| Selling, general and admin | $4M | $19M | $37M | $33M | $25M | $22M |
| Operating income | -$13M | -$70M | -$123M | -$82M | -$89M | -$84M |
| Pre-tax income | — | — | — | -$74M | -$79M | -$78M |
| Income tax | — | — | — | — | -$2M | $1M |
| Net income | -$13M | -$76M | -$121M | -$74M | -$77M | -$80M |
| EPS (diluted) | -$12.45 | -$8.95 | -$3.65 | -$1.85 | -$1.32 | -$1.28 |
| Diluted shares | 1M | 8M | 33M | 40M | 58M | 62M |
| Gross margin | — | — | — | — | 97.1% | 82.8% |
| Operating margin | — | — | — | — | -554.1% | -609.2% |
| Net margin | — | — | — | — | -478.9% | -574.5% |
Balance sheet
Fiscal years, from PYXS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $275M | $179M | $119M | $127M | $67M |
| Total current assets | $8M | $279M | $187M | $125M | $132M | $72M |
| Property, plant and equipment | $1M | $1M | $11M | $12M | $10M | $8M |
| Total assets | $10M | $280M | $211M | $174M | $157M | $92M |
| Total current liabilities | $4M | $19M | $32M | $26M | $18M | $21M |
| Total liabilities | $4M | $19M | $51M | $48M | $36M | $38M |
| Shareholders' equity | -$16M | $261M | $161M | $126M | $121M | $53M |
| Net debt | -$8M | -$275M | -$179M | -$10M | -$19M | -$15M |
Cash flow
Fiscal years, from PYXS's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$10M | -$35M | -$89M | -$71M | -$58M | -$64M |
| Capital spending | $1M | $540,000 | $6M | $7M | $237,000 | $9,000 |
| Free cash flow | -$12M | -$36M | -$96M | -$77M | -$58M | -$64M |
| Stock-based compensation | $44,000 | $6M | $16M | $17M | $13M | $12M |
| Free cash flow margin | — | — | — | — | -358.7% | -458.3% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for PYXS.
Open PYXS in InvestinglyQuestions
What was PYXS's revenue in 2025?
$14M in fiscal 2025, from its 10-K filing.
How much free cash flow does PYXS generate?
-$64M in fiscal 2025 (operating cash flow minus capital spending).
From PYXS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.