Eton Pharmaceuticals, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:56:27Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 10.19M | 943.00K | 6.82M | 4.78M | -4.73M | -22.40M |
| EBITDA | 3.20M | -1.45M | -291.00K | -8.19M | -1.34M | -26.76M |
| Working Capital | 22.09M | 21.07M | 10.60M | 13.54M | 19.05M | 20.91M |
| Net Debt | 5.14M | 15.06M | -15.93M | -10.74M | -9.13M | -14.66M |
| Gross Margin | 53.46% | 60.01% | 66.56% | 67.38% | 87.05% | -1017.95% |
| Operating Margin | -1.06% | -6.66% | -3.77% | -38.87% | -6.85% | -69515.38% |
| Net Margin | -5.75% | -9.80% | -2.96% | -42.45% | -8.95% | -71717.95% |
| Return on Equity (ROE) | -17.59% | -15.65% | -6.05% | -68.98% | -11.09% | -158.65% |
| Return on Assets (ROA) | -4.99% | -5.02% | -2.95% | -36.04% | -7.12% | -106.27% |
| Current Ratio | 1.57× | 2.06× | 1.65× | 3.10× | 5.18× | 6.51× |
| Debt-to-Equity | 1.19× | 1.23× | 0.35× | 0.43× | 0.30× | 0.38× |
| Effective Tax Rate | -0.94% | -0.39% | -35.85% | 0.00% | 0.00% | — |
| Cash Conversion Ratio | -2.29× | -0.25× | -7.28× | -0.53× | 2.41× | 0.80× |
| Accruals Ratio | -0.16× | -0.06× | -0.24× | -0.55× | 0.10× | -0.21× |
| SBC % of Revenue | 6.89% | 8.11% | 9.91% | 19.85% | 15.49% | 6605.13% |
| CapEx Coverage | 31.60× | 37.27× | — | 126.87× | -524.56× | -446.92× |
| Free Cash Flow Per Share | $0.38 | $0.04 | $0.29 | $0.19 | $-0.19 | $-1.07 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/FCF | 44.91× | 360.00× | 15.04× | 14.77× | — | — |
| FCF Yield | 2.23% | 0.28% | 6.65% | 6.77% | — | — |
| EV / EBITDA | 144.53× | — | — | — | — | — |
| P/S | 5.72× | 9.12× | 3.56× | 3.36× | 4.84× | 5068.29× |
| P/B | 17.49× | 14.56× | 7.27× | 5.47× | 5.99× | 11.21× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 79.95M | 39.01M | 31.64M | 21.25M | 21.83M | 39.00K |
| Cost of Goods and Services Sold | 37.21M | 15.60M | 10.58M | 6.93M | 2.83M | 436.00K |
| Gross Profit | 42.74M | 23.41M | 21.06M | 14.32M | 19.00M | -397.00K |
| Research and Development Expense | 7.76M | 3.25M | 3.32M | 4.00M | 6.24M | 14.10M |
| Operating Expenses | 43.58M | 26.01M | 22.25M | 22.58M | 20.50M | 26.71M |
| Operating Income (Loss) | -844.00K | -2.60M | -1.19M | -8.26M | -1.50M | -27.11M |
| Income Tax Expense (Benefit) | 43.00K | 15.00K | 247.00K | 0 | 0 | — |
| Net Income (Loss) Attributable to Parent | -4.60M | -3.82M | -936.00K | -9.02M | -1.96M | -27.97M |
| Earnings Per Share, Basic | $-0.17 | $-0.15 | $-0.04 | $-0.36 | $-0.08 | $-1.33 |
| Weighted Average Number of Shares Outstanding, Basic | 26.91M | 25.90M | 25.65M | 25.15M | 25.21M | 21.01M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 25.94M | 14.94M | 21.39M | 16.30M | 14.41M | 21.30M |
| Assets, Current | 60.58M | 41.02M | 26.84M | 20.00M | 23.60M | 24.70M |
| Assets | 92.11M | 76.12M | 31.74M | 25.03M | 27.46M | 26.32M |
| Long-term Debt | — | 29.81M | 0 | 5.38M | 5.26M | 6.53M |
| Liabilities, Current | 38.49M | 19.95M | 16.24M | 6.46M | 4.56M | 3.79M |
| Long-term Debt, Excluding Current Maturities | 21.77M | 29.81M | — | — | — | — |
| Liabilities | 65.96M | 51.70M | 16.26M | 11.95M | 9.84M | 10.66M |
| Stockholders' Equity Attributable to Parent | 26.15M | 24.43M | 15.48M | 13.08M | 17.63M | 17.63M |
| Common Stock, Shares, Outstanding | 27.05M | 26.71M | 25.69M | 25.35M | 24.63M | 24.31M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 10.52M | 969.00K | 6.82M | 4.82M | -4.72M | -22.35M |
| Payments to Acquire Property, Plant, and Equipment | 333.00K | 26.00K | 0 | 38.00K | 9.00K | 50.00K |
| Net Cash Provided by (Used in) Investing Activities | -333.00K | -40.01M | -775.00K | -2.79M | -2.56M | -50.00K |
| Net Cash Provided by (Used in) Financing Activities | 815.00K | 32.59M | -957.00K | -134.00K | 391.00K | 31.63M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 7.33M | -11.60M | 21.79M | 10.05M | 2.09M | -777.00K |
| EBITDA | 3.54M | 3.48M | — | — | 543.00K | 984.00K |
| Working Capital | 9.07M | 22.09M | 27.82M | 29.85M | 24.61M | 21.07M |
| Net Debt | -207.00K | 5.14M | -9.02M | 2.54M | 12.74M | 15.06M |
| Gross Margin | 60.72% | 61.56% | 34.97% | 63.00% | 57.06% | 55.60% |
| Operating Margin | 9.95% | 11.58% | -6.07% | -7.79% | -2.72% | 5.40% |
| Net Margin | 6.40% | 6.97% | -8.58% | -13.66% | -9.10% | -5.13% |
| Return on Equity (ROE) | 5.08% | 5.67% | -8.33% | -10.79% | -6.43% | -2.45% |
| Return on Assets (ROA) | 1.59% | 1.61% | -1.84% | -2.54% | -1.87% | -0.79% |
| Current Ratio | 1.21× | 1.57× | 1.63× | 1.77× | 1.97× | 2.06× |
| Debt-to-Equity | 0.64× | 1.19× | 1.22× | 1.17× | 1.23× | 1.23× |
| Effective Tax Rate | 1.27% | -4.88% | 1.43% | -2.62% | -4.94% | -17.03% |
| Cash Conversion Ratio | 4.77× | -7.79× | -11.46× | -3.89× | -1.33× | 1.28× |
| Accruals Ratio | -0.06× | 0.14× | -0.23× | -0.12× | -0.04× | 0.00× |
| SBC % of Revenue | 6.26% | 5.28% | 19.54% | 17.41% | 6.94% | 6.71% |
| CapEx Coverage | 98.73× | -235.73× | 77.73× | — | — | -63.75× |
| Free Cash Flow Per Share | $0.23 | $-0.47 | $0.81 | $0.39 | $0.08 | $-0.04 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 24.27M | 21.28M | 22.46M | 18.93M | 17.28M | 11.65M |
| Cost of Goods and Services Sold | 9.53M | 8.18M | 14.60M | 7.00M | 7.42M | 5.17M |
| Gross Profit | 14.73M | 13.10M | 7.86M | 11.92M | 9.86M | 6.48M |
| Research and Development Expense | 1.88M | 1.78M | 1.11M | 3.71M | 1.16M | -871.00K |
| Operating Expenses | 12.32M | 10.64M | 9.22M | 13.40M | 10.33M | 5.85M |
| Operating Income (Loss) | 2.41M | 2.46M | -1.36M | -1.48M | -470.00K | 629.00K |
| Income Tax Expense (Benefit) | 20.00K | -69.00K | -28.00K | 66.00K | 74.00K | 87.00K |
| Net Income (Loss) Attributable to Parent | 1.55M | 1.48M | -1.93M | -2.58M | -1.57M | -598.00K |
| Earnings Per Share, Basic | $0.06 | $0.06 | $-0.07 | $-0.10 | $-0.06 | $-0.03 |
| Weighted Average Number of Shares Outstanding, Basic | 27.29M | 26.91M | 26.89M | 26.89M | 26.89M | 25.90M |
| Earnings Per Share, Diluted | $0.05 | — | $-0.07 | — | $-0.06 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 31.55M | — | 26.89M | — | 26.89M | — |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 19.66M | 25.94M | 37.12M | 25.38M | 17.42M | 14.94M |
| Assets, Current | 53.24M | 60.58M | 72.00M | 68.44M | 49.96M | 41.02M |
| Assets | 97.71M | 92.11M | 104.51M | 101.68M | 84.03M | 76.12M |
| Long-term Debt | — | — | — | — | 29.99M | 29.81M |
| Liabilities, Current | 44.18M | 38.49M | 44.18M | 38.60M | 25.35M | 19.95M |
| Long-term Debt, Excluding Current Maturities | 18.94M | 21.77M | 27.59M | 27.41M | — | 29.81M |
| Liabilities | 67.09M | 65.96M | 81.38M | 77.72M | 59.58M | 51.70M |
| Stockholders' Equity Attributable to Parent | 30.61M | 26.15M | 23.13M | 23.96M | 24.45M | 24.43M |
| Common Stock, Shares, Outstanding | 27.36M | 27.05M | 26.82M | 26.82M | 26.82M | 26.71M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 7.41M | -11.55M | 22.07M | 10.05M | 2.09M | -765.00K |
| Payments to Acquire Property, Plant, and Equipment | 75.00K | 49.00K | 284.00K | 0 | 0 | 12.00K |
| Net Cash Provided by (Used in) Investing Activities | -15.07M | -49.00K | -284.00K | 0 | 0 | -38.13M |
| Net Cash Provided by (Used in) Financing Activities | 1.39M | 421.00K | 394.00K | 394.00K | 394.00K | 33.57M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ETON CIK 0001710340),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.