NRX Pharmaceuticals, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:40:53Z
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 | — | -10.64M | -21.66M | -39.77M | -37.71M | -2.27M |
| EBITDA | -16.15M | -18.50M | -27.83M | -44.33M | -115.79M | -51.38M |
| Working Capital | -19.69M | -18.56M | -12.16M | 10.21M | 20.79M | -43.23M |
| Net Debt | -7.17M | 4.81M | 4.57M | -9.53M | -27.11M | -48.62K |
| Gross Margin | 58.78% | — | — | — | — | — |
| Operating Margin | -1324.41% | — | — | — | — | — |
| Net Margin | -2336.49% | — | — | — | — | — |
| Return on Equity (ROE) | 179.59% | 108.19% | 256.97% | -536.56% | -447.29% | 118.29% |
| Return on Assets (ROA) | -220.92% | -688.20% | -412.17% | -153.99% | -284.34% | -1760.42% |
| Current Ratio | 0.31× | 0.15× | 0.36× | 1.66× | 2.74× | 0.06× |
| Debt-to-Equity | -0.04× | -0.27× | -0.78× | 1.42× | 0.02× | -0.04× |
| Effective Tax Rate | — | — | — | — | — | -0.03% |
| Cash Conversion Ratio | 0.49× | 0.42× | 0.72× | 1.00× | 0.41× | 0.04× |
| Accruals Ratio | -1.12× | -3.97× | -1.16× | 0.00× | -1.69× | -16.83× |
| SBC % of Revenue | 18.61% | — | — | — | — | — |
| CapEx Coverage | — | — | -7219.00× | -3975.50× | -5386.14× | -1132.50× |
| Free Cash Flow Per Share | — | $-1.00 | $-2.86 | $-0.60 | $-0.80 | $-0.07 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.23M | 0 | — | — | — | — |
| Cost of Revenue | 505.00K | 0 | — | — | — | — |
| Research and Development Expense | 3.78M | 6.20M | 13.37M | 17.03M | 20.26M | 10.63M |
| Selling, General and Administrative Expense | 13.06M | 13.50M | — | — | — | — |
| Operating Expenses | — | 18.50M | 27.84M | 44.34M | 115.80M | 51.39M |
| Operating Income (Loss) | -16.22M | -18.50M | -27.84M | -44.34M | -115.80M | -51.39M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | — | — | 17.84K |
| Net Income (Loss) Attributable to Parent | -28.62M | -25.13M | -30.15M | -39.75M | -93.06M | -51.78M |
| Earnings Per Share, Basic | $-1.34 | $-2.36 | $-3.98 | $-0.60 | $-1.98 | $-1.51 |
| Weighted Average Number of Shares Outstanding, Basic | 21.40M | 10.64M | 7.58M | 65.77M | 46.92M | 34.27M |
| Earnings Per Share, Diluted | — | — | — | $-0.60 | $-1.98 | $-1.51 |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | 65.77M | 46.92M | 34.27M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.80M | 1.44M | 4.59M | 20.05M | 27.61M | — |
| Assets, Current | 8.89M | 3.30M | 6.88M | 25.80M | 32.71M | 2.93M |
| Assets | 12.96M | 3.65M | 7.32M | 25.82M | 32.73M | 2.94M |
| Long-term Debt | — | — | 9.16M | 10.53M | — | — |
| Liabilities, Current | 28.58M | 21.86M | 19.05M | 15.59M | 11.92M | 46.16M |
| Long-term Debt, Excluding Current Maturities | — | — | — | 2.82M | — | — |
| Liabilities | 28.89M | 26.87M | 19.05M | 18.41M | 11.92M | 46.71M |
| Stockholders' Equity Attributable to Parent | -15.94M | -23.22M | -11.73M | 7.41M | 20.81M | -43.77M |
| Common Stock, Shares, Outstanding | 31.73M | 14.59M | 8.39M | 66.44M | 58.81M | 42.97M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -14.11M | -10.64M | -21.66M | -39.76M | -37.70M | -2.27M |
| Net Cash Provided by (Used in) Investing Activities | -2.81M | 0 | -3.00K | -10.00K | -7.00K | -2.00K |
| Net Cash Provided by (Used in) Financing Activities | 23.28M | 7.49M | 6.20M | 32.21M | 63.46M | 3.25M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | -3.48M | -2.10M |
| EBITDA | -4.68M | -4.58M | -4.00M | — | -3.85M | -2.43M |
| Working Capital | -17.82M | -19.69M | -28.65M | -35.86M | -25.50M | -18.56M |
| Net Debt | -5.78M | -7.17M | 3.07M | 6.94M | 2.85M | 4.81M |
| Gross Margin | 40.92% | 58.49% | 59.92% | — | — | — |
| Operating Margin | -444.01% | -470.40% | -1662.81% | — | — | — |
| Net Margin | -133.90% | 36.62% | -2433.88% | — | — | — |
| Return on Equity (ROE) | 10.35% | -2.26% | 22.87% | 49.36% | 21.91% | 39.09% |
| Return on Assets (ROA) | -12.01% | 2.78% | -39.28% | -363.39% | -72.62% | -248.64% |
| Current Ratio | 0.29× | 0.31× | 0.29× | 0.11× | 0.22× | 0.15× |
| Debt-to-Equity | -0.07× | -0.04× | -0.40× | -0.28× | -0.33× | -0.27× |
| Cash Conversion Ratio | 3.00× | -10.31× | 1.77× | 0.43× | 0.63× | 0.23× |
| Accruals Ratio | 0.24× | 0.31× | 0.30× | -2.08× | -0.27× | -1.91× |
| SBC % of Revenue | 14.14% | 8.24% | 60.74% | — | — | — |
| Free Cash Flow Per Share | — | — | — | — | $-0.21 | $-0.18 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.07M | 983.00K | 242.00K | 0 | 0 | 0 |
| Cost of Revenue | 631.00K | 408.00K | 97.00K | — | 0 | 0 |
| Research and Development Expense | 1.31M | 558.00K | 1.43M | 987.00K | 804.00K | 1.04M |
| Selling, General and Administrative Expense | 3.81M | 4.57M | 2.81M | — | 2.94M | 2.60M |
| Operating Expenses | — | — | — | 3.73M | — | 2.43M |
| Operating Income (Loss) | -4.74M | -4.62M | -4.02M | -3.73M | -3.85M | -2.43M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -1.43M | 360.00K | -5.89M | -17.58M | -5.51M | -9.08M |
| Earnings Per Share, Basic | $-0.04 | $0.20 | $-0.27 | $-0.98 | $-0.34 | $-0.77 |
| Weighted Average Number of Shares Outstanding, Basic | 32.33M | 21.40M | 22.23M | 17.93M | 16.41M | 10.64M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 6.71M | 7.80M | 7.18M | 2.91M | 5.55M | 1.44M |
| Assets, Current | 7.36M | 8.89M | 11.95M | 4.59M | 7.26M | 3.30M |
| Assets | 11.90M | 12.96M | 15.00M | 4.84M | 7.59M | 3.65M |
| Liabilities, Current | 25.18M | 28.58M | 40.59M | 40.45M | 32.75M | 21.86M |
| Liabilities | 25.72M | 28.89M | 40.75M | 40.45M | 32.75M | 26.87M |
| Stockholders' Equity Attributable to Parent | -13.82M | -15.94M | -25.75M | -35.62M | -25.16M | -23.22M |
| Common Stock, Shares, Outstanding | 33.47M | 31.73M | 27.68M | 19.47M | 17.12M | 14.59M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -4.29M | -3.71M | -10.40M | -7.51M | -3.48M | -2.10M |
| Net Cash Provided by (Used in) Investing Activities | -213.00K | -249.00K | -2.56M | — | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | 3.42M | 4.58M | 18.70M | 8.97M | 7.58M | 1.90M |
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 (NRXP CIK 0001719406),
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.