NASDAQ : TNXP
Tonix Pharmaceuticals Holding Corp. — Financial statements
Healthcare · Biotechnology · United States
Last price 5.28 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 90.56M
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Financial statements
Tonix Pharmaceuticals Holding Corp. (TNXP) reported revenue of 29.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 29.10M | 13.11M | 10.09M | 7.77M | ||
| Cost of Revenue | 4.71M | 6.64M | 7.76M | 4.74M | ||
| Gross Profit | 24.40M | 6.47M | 2.33M | 3.03M | ||
| Selling, General & Admin | 125.96M | 87.68M | 40.10M | 34.75M | 30.21M | 23.47M |
| Research & Development | 63.86M | 44.49M | 39.97M | 86.66M | 81.88M | 68.84M |
| Operating Expenses | 189.82M | 132.17M | 80.07M | 121.41M | 112.09M | 92.31M |
| Operating Income | -165.43M | -125.70M | -77.74M | -118.38M | -112.09M | -92.31M |
| Interest Expense | -89.00K | -89.00K | -1.23M | |||
| Interest & Investment Income | 5.35M | 4.15M | 22.00K | 25.00K | ||
| Other Non Operating Income (Expenses) | 495.00K | -283.00K | 7.88M | 1.72M | 1.87M | |
| EBT Excluding Unusual Items | -159.67M | -121.93M | -71.08M | -116.66M | -110.22M | -92.29M |
| Impairment of Goodwill | -1.00M | |||||
| Asset Writedown | -57.96M | |||||
| Other Unusual Items | -2.09M | |||||
| Pretax Income | -159.67M | -124.02M | -130.04M | -116.66M | -110.22M | -92.29M |
| Net Income | -159.67M | -124.02M | -130.04M | -116.66M | -110.22M | -92.29M |
| Preferred Dividends & Other Adjustments | 6.66M | |||||
| Net Income to Common | -159.67M | -124.02M | -130.04M | -116.66M | -116.88M | -92.29M |
| Shares Outstanding (Basic) | 12.79M | 8.51M | 736.34K | |||
| Shares Outstanding (Diluted) | 12.79M | 8.51M | 736.34K | |||
| EPS (Basic) | -12.49 | -14.57 | -176.60 | |||
| EPS (Diluted) | -12.49 | -14.57 | -176.60 | |||
| Free Cash Flow | -158.11M | -103.21M | -61.05M | -109.90M | -146.20M | -110.86M |
| Free Cash Flow Per Share | -12.37 | -12.13 | -82.90 | |||
| Gross Margin | 83.83% | 49.34% | 23.07% | 38.97% | ||
| Operating Margin | -568.43% | -959.05% | -770.20% | -1,523.94% | ||
| Profit Margin | -548.64% | -946.22% | -1,288.25% | -1,501.78% | ||
| Free Cash Flow Margin | -543.29% | -787.47% | -604.76% | -1,414.75% | ||
| EBITDA | -163.30M | -123.78M | -74.32M | -114.09M | -110.84M | -92.26M |
| D&A For EBITDA | 2.12M | 1.93M | 3.42M | 4.29M | 1.25M | 50.00K |
| EBIT | -165.43M | -125.70M | -77.74M | -118.38M | -112.09M | -92.31M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 176.23M | 207.64M | 98.78M | 24.95M | 120.23M | 178.66M |
| Cash & Short-Term Investments | 176.23M | 207.64M | 98.78M | 24.95M | 120.23M | 178.66M |
| Accounts Receivable | 11.80M | 6.27M | 3.68M | |||
| Other Receivables | 262.00K | 566.00K | 4.70M | 199.00K | ||
| Receivables | 12.07M | 6.84M | 8.38M | 199.00K | ||
| Inventory | 5.68M | 7.01M | 8.41M | 14.15M | ||
| Prepaid Expenses | 9.46M | 7.39M | 3.44M | 6.25M | 9.32M | 9.21M |
| Other Current Assets | 2.23M | 1.23M | 1.18M | |||
| Total Current Assets | 203.43M | 228.88M | 119.00M | 47.77M | 130.78M | 189.05M |
| Property, Plant & Equipment | 46.11M | 46.00M | 42.82M | 94.85M | 94.53M | 51.47M |
| Goodwill | 965.00K | |||||
| Other Intangible Assets | 120.00K | 120.00K | 120.00K | 9.74M | 120.00K | |
| Other Long-Term Assets | 4.43M | 2.17M | 951.00K | 1.13M | 264.00K | 379.00K |
| Total Assets | 254.09M | 277.17M | 162.89M | 154.46M | 225.69M | 240.90M |
| Accounts Payable | 9.05M | 8.11M | 4.55M | 3.78M | 8.07M | 13.28M |
| Accrued Expenses | 11.26M | 14.69M | 7.01M | 8.74M | 9.68M | 7.95M |
| Current Portion of Long-Term Debt | 2.82M | 2.35M | ||||
| Current Portion of Leases | 250.00K | 125.00K | 274.00K | 270.00K | 432.00K | 489.00K |
| Other Current Liabilities | 10.23M | 7.91M | 3.66M | 3.74M | ||
| Total Current Liabilities | 30.79M | 30.84M | 18.31M | 18.88M | 18.18M | 21.72M |
| Long-Term Debt | 4.67M | 6.56M | ||||
| Long-Term Leases | 1.02M | 1.18M | 358.00K | 632.00K | 328.00K | 467.00K |
| Other Long-Term Liabilities | 22.86M | |||||
| Total Liabilities | 31.81M | 32.02M | 23.33M | 48.93M | 18.51M | 22.18M |
| Common Stock | 17.00K | 13.00K | 4.00K | 12.00K | 16.00K | |
| Additional Paid-In Capital | 1.16B | 1.10B | 870.50M | 706.41M | 677.38M | 578.61M |
| Retained Earnings | -935.46M | -854.72M | -730.69M | -600.66M | -470.04M | -359.82M |
| Comprehensive Income & Other | -348.00K | -289.00K | -255.00K | -232.00K | -167.00K | -92.00K |
| Shareholders' Equity | 222.28M | 245.15M | 139.56M | 105.53M | 207.18M | 218.72M |
| Total Liabilities & Equity | 254.09M | 277.17M | 162.89M | 154.46M | 225.69M | 240.90M |
| Total Debt | 1.27M | 1.31M | 8.12M | 9.81M | 760.00K | 956.00K |
| Net Cash (Debt) | 174.96M | 206.33M | 90.66M | 15.13M | 119.47M | 177.70M |
| Net Cash Per Share | 13.68 | 24.24 | 123.12 | |||
| Filing Date Shares Outstanding | 17.15M | 13.41M | 6.43M | 26.40K | ||
| Total Common Shares Outstanding | 16.79M | 12.79M | 4.39M | 18.32K | ||
| Working Capital | 172.65M | 198.04M | 100.69M | 28.88M | 112.60M | 167.33M |
| Book Value Per Share | 13.24 | 19.17 | 31.82 | 5,761.04 | ||
| Tangible Book Value | 222.16M | 245.03M | 139.44M | 94.82M | 207.06M | 218.72M |
| Tangible Book Value Per Share | 13.23 | 19.16 | 31.79 | 5,176.45 | ||
| Land | 8.01M | 8.01M | 8.01M | 8.01M | 8.01M | 7.91M |
| Buildings | 25.30M | 25.10M | 24.50M | 66.75M | 65.64M | |
| Machinery | 18.10M | 16.86M | 13.49M | 24.27M | 20.33M | 1.10M |
| Construction In Progress | 1.37M | 41.92M | ||||
| Leasehold Improvements | 247.00K | 203.00K | 34.00K | 34.00K | 34.00K | 23.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -159.67M | -124.02M | -130.04M | -116.66M | -110.22M | -92.29M |
| Depreciation & Amortization | 2.12M | 1.93M | 3.42M | 4.29M | 1.25M | 50.00K |
| Other Amortization | 65.00K | 840.00K | ||||
| Loss (Gain) From Sale of Assets | -62.00K | |||||
| Asset Writedown & Restructuring Costs | 58.96M | 3.00M | ||||
| Stock-Based Compensation | 7.94M | 6.02M | 4.78M | 9.28M | 10.91M | 7.90M |
| Provision & Write-off of Bad Debts | 31.00K | 31.00K | ||||
| Other Operating Activities | -452.00K | 5.76M | -4.66M | 1.19M | ||
| Change in Accounts Receivable | -9.52M | -2.62M | -3.68M | |||
| Change in Inventory | 1.05M | 1.73M | 3.74M | 61.00K | ||
| Change in Accounts Payable | 1.22M | 2.99M | 927.00K | -3.49M | -1.04M | 3.53M |
| Change in Other Net Operating Assets | 4.28M | 8.28M | 4.79M | 3.39M | 1.04M | 2.25M |
| Operating Cash Flow | -152.99M | -99.84M | -60.92M | -102.00M | -98.05M | -75.56M |
| Capital Expenditures | -5.12M | -3.37M | -120.00K | -7.89M | -48.15M | -35.31M |
| Sale of Property, Plant & Equipment | 999.00K | |||||
| Cash Acquisitions | -22.17M | |||||
| Other Investing Activities | 853.00K | -1.16M | ||||
| Investing Cash Flow | -4.26M | -4.53M | -120.00K | -29.07M | -48.15M | -35.31M |
| Long-Term Debt Issued | 8.94M | |||||
| Long-Term Debt Repaid | -9.65M | -2.35M | ||||
| Net Debt Issued (Repaid) | -9.65M | -2.35M | 8.94M | |||
| Issuance of Common Stock | 223.24M | 246.69M | 147.46M | 21.77M | 97.58M | 222.99M |
| Repurchase of Common Stock | -7.81M | -13.76M | -13.96M | |||
| Other Financing Activities | -7.72M | -8.75M | -10.24M | 19.77M | -9.74M | -10.51M |
| Financing Cash Flow | 207.71M | 214.53M | 134.87M | 36.52M | 87.84M | 212.49M |
| Foreign Exchange Rate Adjustments | -76.00K | -31.00K | 4.00K | -65.00K | -74.00K | -31.00K |
| Net Cash Flow | 50.38M | 110.13M | 73.83M | -94.62M | -58.43M | 101.59M |
| Free Cash Flow | -158.11M | -103.21M | -61.05M | -109.90M | -146.20M | -110.86M |
| Free Cash Flow Margin | -543.29% | -787.47% | -604.76% | -1,414.75% | ||
| Free Cash Flow Per Share | -12.37 | -12.13 | -82.90 | |||
| Levered Free Cash Flow | -95.76M | -59.43M | -38.85M | -82.01M | -109.64M | -72.43M |
| Unlevered Free Cash Flow | -95.70M | -59.44M | -38.92M | -82.01M | -109.64M | -72.43M |
| Cash Interest Paid | 89.00K | 1.23M | 88.00K | |||
| Change in Working Capital | -2.97M | 10.38M | 5.78M | -35.00K | -2.00K | 5.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 87.47M | 193.56M | 61.64M | 23.62M | 22.42M | 177.42M |
| Enterprise Value | -87.49M | 3.93M | 42.10M | 17.86M | -116.67M | -4.44M |
| Last Close Price | 5.10 | 15.62 | 32.98 | 1,289.60 | 7,796.00 | 228,928.00 |
| PS Ratio | 3.01 | 14.77 | 6.11 | 3.04 | ||
| PB Ratio | 0.39 | 0.79 | 0.44 | 0.22 | 0.11 | 0.81 |
| P/TBV Ratio | 0.39 | 0.79 | 0.44 | 0.25 | 0.11 | 0.81 |
| EV/Sales Ratio | 0.30 | 4.17 | 2.30 | |||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.06 | 0.09 | 0.00 | 0.00 |
| Net Debt / Equity Ratio | -0.79 | -0.84 | -0.65 | -0.14 | -0.58 | -0.81 |
| Net Debt / EBITDA Ratio | 1.07 | 1.67 | 1.22 | 0.13 | 1.08 | 1.93 |
| Net Debt / FCF Ratio | 1.11 | 2.00 | 1.49 | 0.14 | 0.82 | 1.60 |
| Asset Turnover | 0.13 | 0.06 | 0.06 | 0.04 | ||
| Inventory Turnover | 0.81 | 0.86 | 0.69 | |||
| Quick Ratio | 6.12 | 6.96 | 5.85 | 1.33 | 6.61 | 8.23 |
| Current Ratio | 6.61 | 7.42 | 6.50 | 2.53 | 7.19 | 8.71 |
| Return on Equity (ROE) | -81.82% | -64.48% | -106.12% | -74.61% | -51.76% | -60.25% |
| Return on Assets (ROA) | -46.84% | -35.71% | -30.62% | -38.93% | -30.03% | -34.03% |
| Return on Capital Employed (ROCE) | -74.10% | -51.00% | -53.80% | -87.30% | -54.00% | -42.10% |
| Earnings Yield | -244.87% | -64.08% | -210.97% | -493.86% | -491.58% | -52.02% |
| FCF Yield | -180.76% | -53.33% | -99.04% | -465.24% | -652.06% | -62.49% |
| Buyback Yield / Dilution | -216.89% | -1,055.90% |