TNXP (TNXP) financial statements
TNXP reported revenue of $13M in fiscal 2025, up 29.9% a year over 2 years.
Net income was -$124M.
Free cash flow was -$103M, and the company returned $14M in net buybacks.
The diluted share count rose 202469% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TNXP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | $8M | $10M | $13M |
| Cost of revenue | — | — | — | — | — | — | — | $5M | $8M | $7M |
| Gross profit | — | — | — | — | — | — | — | $3M | $2M | $6M |
| Research and development | $29M | $13M | $18M | $18M | $36M | $69M | $82M | $87M | $40M | $44M |
| Selling, general and admin | $10M | $8M | $9M | $11M | $14M | $23M | $30M | $35M | $40M | $88M |
| Operating income | -$39M | -$21M | -$26M | -$29M | -$51M | -$92M | -$112M | -$118M | -$137M | -$126M |
| Interest expense | — | — | — | — | — | — | — | — | $1M | $89,000 |
| Pre-tax income | -$39M | -$21M | -$5M | -$6M | -$9M | -$19M | -$22M | -$18M | -$81M | -$34M |
| Net income | -$39M | -$21M | -$26M | -$29M | -$50M | -$92M | -$110M | -$117M | -$130M | -$124M |
| EPS (diluted) | -$9,246.00 | -$19,014.00 | -$155,910.00 | -$11,598.00 | -$330.00 | -$810.00 | -$2,001.00 | -$14,720.25 | -$176.60 | -$14.57 |
| Diluted shares | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 1M | 9M |
| Gross margin | — | — | — | — | — | — | — | 39.0% | 23.1% | 49.3% |
| Operating margin | — | — | — | — | — | — | — | -1523.9% | -1354.3% | -959.1% |
| Net margin | — | — | — | — | — | — | — | -1501.8% | -1288.3% | -946.2% |
Balance sheet
Fiscal years, from TNXP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $26M | $25M | $25M | $11M | $77M | $179M | $120M | $25M | $99M | $208M |
| Receivables | — | — | — | — | — | — | — | — | $4M | $6M |
| Inventory | — | — | — | — | — | — | — | $14M | $8M | — |
| Total current assets | $27M | $26M | $26M | $14M | $88M | $189M | $131M | $48M | $119M | $229M |
| Property, plant and equipment | $150,000 | $91,000 | $43,000 | $34,000 | $9M | $51M | $94M | $94M | $42M | $44M |
| Goodwill | — | — | — | — | — | — | — | $965,000 | — | — |
| Total assets | $28M | $27M | $26M | $15M | $98M | $241M | $226M | $154M | $163M | $277M |
| Total current liabilities | $2M | $2M | $3M | $5M | $10M | $22M | $18M | $19M | $18M | $31M |
| Long-term debt | — | — | — | — | — | — | — | $7M | $5M | — |
| Total liabilities | $2M | $2M | $3M | $5M | $11M | $22M | $19M | $49M | $23M | $32M |
| Shareholders' equity | $25M | $25M | $24M | $9M | $88M | $219M | $207M | $106M | $140M | $245M |
| Net debt | -$19M | -$25M | -$25M | -$11M | -$77M | -$179M | -$120M | -$16M | -$91M | -$208M |
Cash flow
Fiscal years, from TNXP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$37M | -$19M | -$24M | -$27M | -$49M | -$76M | -$98M | -$102M | -$61M | -$100M |
| Capital spending | $66,000 | $5,000 | $6,000 | $17,000 | $9M | $35M | $48M | $8M | $120,000 | $3M |
| Free cash flow | -$37M | -$19M | -$24M | -$27M | -$57M | -$111M | -$146M | -$110M | -$61M | -$103M |
| Stock-based compensation | $3M | $2M | $2M | $1M | $3M | $8M | $11M | $9M | $5M | $6M |
| Share buybacks (net) | — | — | — | — | — | — | — | -$14M | — | -$14M |
| Net borrowing | — | — | — | — | — | — | — | — | -$2M | -$10M |
| Free cash flow margin | — | — | — | — | — | — | — | -1414.8% | -604.8% | -787.5% |
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Open TNXP in InvestinglyQuestions
What was TNXP's revenue in 2025?
$13M in fiscal 2025, from its 10-K filing.
How much free cash flow does TNXP generate?
-$103M in fiscal 2025 (operating cash flow minus capital spending).
From TNXP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.