NASDAQ : PTN
Palatin Technologies, Inc. — Financial statements
Healthcare · Biotechnology · United States
Last price 5.0465 USD (Oct 30, 2026, 10:03 AM EDT) · Market cap 9.81M
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Financial statements
Palatin Technologies, Inc. (PTN) reported revenue of 13.19M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 13.19M | 13.19M | 4.49M | 4.85M | 1.47M | |
| Cost of Revenue | 12.37M | 12.37M | 14.90M | 22.50M | 23.05M | 21.54M |
| Gross Profit | 816.16K | 816.16K | -14.90M | -18.01M | -18.20M | -20.08M |
| Selling, General & Admin | 9.48M | 9.48M | 7.81M | 12.27M | 15.29M | 16.51M |
| Operating Expenses | 9.48M | 9.48M | 7.81M | 12.27M | 15.29M | 16.51M |
| Operating Income | -8.67M | -8.67M | -22.71M | -30.28M | -33.49M | -36.59M |
| Interest Expense | -6.73K | -6.73K | -15.03K | -17.11K | -20.01K | -29.68K |
| Interest & Investment Income | 297.12K | 297.12K | 167.66K | 376.84K | 691.98K | 29.96K |
| Currency Exchange Gain (Loss) | -50.00 | 59.75K | -429.97K | 389.87K | ||
| Other Non Operating Income (Expenses) | 2.12M | -7.66M | 4.53M | |||
| EBT Excluding Unusual Items | -8.38M | -8.38M | -20.44M | -37.52M | -28.71M | -36.20M |
| Gain (Loss) on Sale of Assets | 3.13M | 7.78M | ||||
| Pretax Income | -8.38M | -8.38M | -17.31M | -29.74M | -28.71M | -36.20M |
| Income Tax Expense | -4.67M | |||||
| Net Income | -8.38M | -8.38M | -17.31M | -29.74M | -24.04M | -36.20M |
| Net Income to Common | -8.38M | -8.38M | -17.31M | -29.74M | -24.04M | -36.20M |
| Shares Outstanding (Basic) | 2.83M | 2.83M | 538.35K | 293.95K | 217.80K | 190.88K |
| Shares Outstanding (Diluted) | 2.83M | 2.83M | 538.35K | 293.95K | 217.80K | 190.88K |
| EPS (Basic) | -2.96 | -2.96 | -32.15 | -101.16 | -110.36 | -189.64 |
| EPS (Diluted) | -2.96 | -2.96 | -32.15 | -101.16 | -110.36 | -189.64 |
| Free Cash Flow | -13.58M | -13.58M | -21.31M | -31.50M | -29.71M | -30.18M |
| Free Cash Flow Per Share | -4.80 | -4.80 | -39.58 | -107.17 | -136.39 | -158.14 |
| Gross Margin | 6.19% | 6.19% | ||||
| Operating Margin | -65.74% | -65.74% | -674.33% | -689.91% | -2,491.62% | |
| Profit Margin | -63.54% | -63.54% | -662.26% | -495.23% | -2,465.06% | |
| Free Cash Flow Margin | -103.03% | -103.03% | -701.63% | -612.02% | -2,055.50% | |
| EBITDA | -8.61M | -8.61M | -22.45M | -29.94M | -33.20M | -36.46M |
| EBITDA Margin | -65.27% | -65.27% | ||||
| D&A For EBITDA | 62.68K | 62.68K | 258.92K | 339.07K | 288.33K | 126.67K |
| EBIT | -8.67M | -8.67M | -22.71M | -30.28M | -33.49M | -36.59M |
| EBIT Margin | -65.74% | -65.74% | ||||
| Revenue as Reported | 4.85M | 1.47M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.49M | 7.49M | 2.56M | 9.53M | 7.99M | 29.94M |
| Short-Term Investments | 2.99M | |||||
| Cash & Short-Term Investments | 7.49M | 7.49M | 2.56M | 9.53M | 10.98M | 29.94M |
| Accounts Receivable | 300.77K | 300.77K | 2.92M | 1.78M | ||
| Other Receivables | 29.47K | |||||
| Receivables | 300.77K | 300.77K | 29.47K | 2.92M | 1.78M | |
| Inventory | 526.00K | 944.47K | ||||
| Prepaid Expenses | 211.50K | 211.50K | 110.12K | 95.02K | 484.16K | 442.99K |
| Other Current Assets | 160.21K | 160.21K | 215.57K | 147.25K | 1.41M | 1.49M |
| Total Current Assets | 8.16M | 8.16M | 2.92M | 9.77M | 16.32M | 34.60M |
| Property, Plant & Equipment | 337.74K | 337.74K | 290.61K | 915.68K | 1.56M | 1.42M |
| Other Long-Term Assets | 21.63K | 21.63K | 56.92K | 56.92K | 56.92K | 56.92K |
| Total Assets | 8.52M | 8.52M | 3.27M | 10.74M | 17.94M | 36.07M |
| Accounts Payable | 1.11M | 1.11M | 7.00M | 4.10M | 4.30M | 3.16M |
| Accrued Expenses | 504.16K | 504.16K | 881.41K | 4.19M | 6.51M | 6.88M |
| Current Portion of Leases | 158.26K | 158.26K | 129.81K | 426.56K | 460.44K | 472.05K |
| Other Current Liabilities | 944.15K | 3.86M | 5.75M | |||
| Total Current Liabilities | 1.77M | 1.77M | 8.01M | 9.66M | 15.13M | 16.26M |
| Long-Term Leases | 65.42K | 65.42K | 33.97K | 163.78K | 590.34K | 681.80K |
| Other Long-Term Liabilities | 1.03M | 4.20M | 2.86M | |||
| Total Liabilities | 1.84M | 1.84M | 8.04M | 10.85M | 19.92M | 19.80M |
| Common Stock | 17.79K | 17.79K | 9.30K | 3.58K | 116.57K | 92.71K |
| Additional Paid-In Capital | 474.12M | 474.12M | 454.29M | 441.65M | 409.93M | 404.17M |
| Retained Earnings | -467.45M | -467.45M | -459.07M | -441.77M | -412.03M | -387.99M |
| Total Common Equity | 6.69M | 6.69M | -4.78M | -111.54K | -1.98M | 16.27M |
| Shareholders' Equity | 6.69M | 6.69M | -4.78M | -111.50K | -1.98M | 16.27M |
| Total Liabilities & Equity | 8.52M | 8.52M | 3.27M | 10.74M | 17.94M | 36.07M |
| Total Debt | 223.68K | 223.68K | 163.78K | 590.34K | 1.05M | 1.15M |
| Net Cash (Debt) | 7.27M | 7.27M | 2.40M | 8.94M | 9.93M | 28.79M |
| Net Cash Per Share | 2.57 | 2.57 | 4.46 | 30.40 | 45.60 | 150.81 |
| Filing Date Shares Outstanding | 1.78M | 1.78M | 973.29K | 390.96K | 238.93K | 185.81K |
| Total Common Shares Outstanding | 1.78M | 1.78M | 929.60K | 358.53K | 233.13K | 185.42K |
| Working Capital | 6.39M | 6.39M | -5.09M | 111.99K | 1.19M | 18.34M |
| Book Value Per Share | 3.76 | 3.76 | -5.14 | -0.31 | -8.49 | 87.74 |
| Tangible Book Value | 6.69M | 6.69M | -4.78M | -111.54K | -1.98M | 16.27M |
| Tangible Book Value Per Share | 3.76 | 3.76 | -5.14 | -0.31 | -8.49 | 87.74 |
| Machinery | 2.50M | 2.50M | 2.45M | 2.45M | 2.41M | 2.27M |
| Leasehold Improvements | 1.20M | 1.20M | 1.20M | 1.20M | 1.20M | 902.04K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -8.38M | -8.38M | -17.31M | -29.74M | -24.04M | -36.20M |
| Depreciation & Amortization | 62.68K | 62.68K | 258.92K | 339.07K | 288.33K | 126.67K |
| Loss (Gain) From Sale of Assets | -3.13M | -7.78M | ||||
| Stock-Based Compensation | 1.33M | 1.33M | 1.38M | 1.87M | 1.67M | 2.51M |
| Other Operating Activities | -3.56M | -3.56M | -1.75M | 7.25M | -4.85M | 203.92K |
| Change in Accounts Receivable | -300.77K | -300.77K | 2.92M | -1.14M | -199.58K | |
| Change in Inventory | -1.15M | 418.47K | 217.53K | |||
| Change in Accounts Payable | -2.14M | -2.14M | 2.90M | -201.60K | 1.11M | 2.57M |
| Change in Other Net Operating Assets | -547.32K | -547.32K | -3.66M | -4.97M | -2.74M | 848.81K |
| Operating Cash Flow | -13.53M | -13.53M | -21.31M | -31.46M | -29.27M | -29.92M |
| Capital Expenditures | -51.30K | -51.30K | -42.53K | -433.93K | -261.37K | |
| Sale of Property, Plant & Equipment | 3.13M | 9.50M | ||||
| Investment in Securities | 2.99M | -2.99M | ||||
| Investing Cash Flow | -51.30K | -51.30K | 3.13M | 12.45M | -3.43M | -261.37K |
| Long-Term Debt Repaid | -46.01K | -106.39K | -100.92K | -56.46K | ||
| Net Debt Issued (Repaid) | -46.01K | -106.39K | -100.92K | -56.46K | ||
| Issuance of Common Stock | 18.53M | 18.53M | 11.36M | 20.71M | 11.00M | 296.13K |
| Repurchase of Common Stock | -19.51K | -19.51K | -99.48K | -56.40K | -146.06K | -221.31K |
| Financing Cash Flow | 18.51M | 18.51M | 11.21M | 20.55M | 10.75M | 18.36K |
| Net Cash Flow | 4.93M | 4.93M | -6.96M | 1.54M | -21.95M | -30.17M |
| Free Cash Flow | -13.58M | -13.58M | -21.31M | -31.50M | -29.71M | -30.18M |
| Free Cash Flow Margin | -103.03% | -103.03% | -701.63% | -612.02% | -2,055.50% | |
| Free Cash Flow Per Share | -4.80 | -4.80 | -39.58 | -107.17 | -136.39 | -158.14 |
| Levered Free Cash Flow | -10.67M | -10.67M | -14.02M | -17.11M | -21.21M | -13.74M |
| Unlevered Free Cash Flow | -10.66M | -10.66M | -14.01M | -17.10M | -21.20M | -13.72M |
| Cash Interest Paid | 6.73K | 6.73K | 15.03K | 17.11K | 20.01K | 29.68K |
| Change in Working Capital | -2.99M | -2.99M | -758.79K | -3.41M | -2.35M | 3.44M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.58M | 18.88M | 7.16M | 36.32M | 24.59M | 68.37M |
| Enterprise Value | 2.31M | 9.01M | 4.90M | 27.01M | 5.76M | 31.92M |
| Last Close Price | 5.00 | 10.79 | 7.00 | 97.50 | 105.00 | 350.75 |
| PS Ratio | 0.73 | 1.43 | 8.09 | 5.07 | 46.56 | |
| PB Ratio | 1.43 | 2.82 | -1.50 | -325.74 | -12.42 | 4.20 |
| P/TBV Ratio | 1.43 | 2.82 | 4.20 | |||
| EV/Sales Ratio | 0.18 | 0.68 | 6.02 | 1.19 | 21.74 | |
| Debt / Equity Ratio | 0.03 | 0.03 | -0.03 | -5.29 | -0.53 | 0.07 |
| Net Debt / Equity Ratio | -1.09 | -1.09 | 0.50 | 80.16 | 5.02 | -1.77 |
| Net Debt / EBITDA Ratio | 0.84 | 0.84 | 0.11 | 0.30 | 0.30 | 0.79 |
| Net Debt / FCF Ratio | 0.54 | 0.54 | 0.11 | 0.28 | 0.33 | 0.95 |
| Asset Turnover | 2.24 | 2.24 | 0.31 | 0.18 | 0.03 | |
| Inventory Turnover | 31.35 | 20.46 | ||||
| Quick Ratio | 4.40 | 4.40 | 0.32 | 0.99 | 0.92 | 1.95 |
| Current Ratio | 4.61 | 4.61 | 0.36 | 1.01 | 1.08 | 2.13 |
| Return on Equity (ROE) | -877.53% | -877.53% | -336.46% | -109.83% | ||
| Return on Assets (ROA) | -91.90% | -91.90% | -202.61% | -131.96% | -77.50% | -44.25% |
| Return on Invested Capital (ROIC) | -1,555.83% | -1,192.69% | ||||
| Return on Capital Employed (ROCE) | -128.40% | -128.40% | 478.80% | -2,791.70% | -1,192.70% | -184.70% |
| Earnings Yield | -59.78% | -44.38% | -241.79% | -81.88% | -97.75% | -52.94% |
| FCF Yield | -141.78% | -71.96% | -297.67% | -86.74% | -120.80% | -44.15% |
| Buyback Yield / Dilution | -425.17% | -425.17% | -83.14% | -34.96% | -14.11% | -0.82% |