Palvella Therapeutics, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:53:31Z
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 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | -13.87M | -60.97M | -8.61M |
| EBITDA | — | — | — | -9.96M | -40.70M | -49.37M |
| Working Capital | 47.64M | 76.20M | — | 5.19M | 36.84M | 77.06M |
| Net Debt | -38.92M | -65.17M | — | -7.35M | -25.53M | -102.87M |
| Operating Margin | — | — | — | -27.72% | -167.84% | -164.97% |
| Net Margin | — | — | — | 43.66% | -128.47% | -145.58% |
| Return on Equity (ROE) | -149.07% | -27.85% | — | -25.09% | 35.49% | -90.12% |
| Return on Assets (ROA) | -70.04% | -19.76% | — | 247.63% | -34.85% | -29.79% |
| Current Ratio | 5.20× | 7.33× | — | 3.20× | 2.01× | 2.52× |
| Debt-to-Equity | 0.68× | 0.29× | — | 0.00× | -0.14× | 0.29× |
| Effective Tax Rate | 0.00% | 0.00% | — | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.60× | 0.62× | — | -0.73× | 1.80× | 0.17× |
| Accruals Ratio | -0.28× | -0.07× | — | 4.29× | 0.28× | -0.25× |
| SBC % of Revenue | — | — | — | 1.41% | 16.99% | 16.60% |
| CapEx Coverage | — | — | — | -80.13× | -57.57× | -8.07× |
| Free Cash Flow Per Share | — | — | — | $-7.73 | $-0.82 | $-0.13 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | 6.71× | — | — |
| P/S | — | — | — | 0.01× | 2.99× | 8.69× |
| P/B | 46.31× | 2.11× | — | — | — | 5.38× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | — | — | — | 42.81M | 25.90M | 31.42M |
| Research and Development Expense | 22.84M | 8.15M | — | 8.79M | 52.98M | 66.66M |
| Operating Expenses | 38.60M | 14.10M | — | 11.87M | 69.38M | 83.25M |
| Operating Income (Loss) | -38.60M | -14.10M | — | -11.87M | -43.47M | -51.83M |
| Income Tax Expense (Benefit) | 0 | 0 | — | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -41.72M | -17.43M | — | 18.69M | -33.28M | -45.74M |
| Earnings Per Share, Basic | $-3.71 | $-7.83 | — | $2.19 | $-0.45 | $-0.71 |
| Weighted Average Number of Shares Outstanding, Basic | 11.25M | 2.23M | — | 1.77M | 74.17M | 64.55M |
| Earnings Per Share, Diluted | $-3.71 | $-7.83 | — | $2.17 | — | $-0.71 |
| Weighted Average Number of Shares Outstanding, Diluted | 11.25M | 2.23M | — | 1.79M | — | 64.55M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 57.98M | 83.60M | — | 7.35M | 38.63M | 117.76M |
| Assets, Current | 58.99M | 88.23M | — | 7.55M | 73.42M | 127.63M |
| Assets | 59.56M | 88.23M | — | 7.55M | 95.49M | 153.56M |
| Liabilities, Current | 11.34M | 12.04M | — | 2.36M | 36.58M | 50.56M |
| Liabilities | 31.58M | 25.63M | — | 11.43M | 67.56M | 102.81M |
| Stockholders' Equity Attributable to Parent | 27.98M | 62.61M | — | -74.48M | -93.78M | 50.76M |
| Common Stock, Shares, Outstanding | 12.38M | 11.01M | — | 1.77M | 74.52M | 72.22M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -25.01M | -10.84M | — | -13.70M | -59.93M | -7.66M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | 171.00K | 1.04M | 949.00K |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | 12.00M | -21.24M | -949.00K |
| Net Cash Provided by (Used in) Financing Activities | -660.00K | 87.09M | — | 5.00M | 7.21M | 59.13M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Working Capital | 254.12M | 47.64M | 56.63M | 64.13M | 70.46M | 76.20M |
| Net Debt | -205.81M | -38.92M | — | — | — | -65.17M |
| Return on Equity (ROE) | -6.79% | -45.43% | -29.33% | -19.82% | -14.73% | -6.31% |
| Return on Assets (ROA) | -5.98% | -21.35% | -16.95% | -12.84% | -10.30% | -4.48% |
| Current Ratio | 28.88× | 5.20× | 6.49× | 7.67× | 8.84× | 7.33× |
| Debt-to-Equity | 0.00× | 0.68× | — | — | — | 0.29× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.69× | 0.39× | 1.77× | 1.29× | 0.83× | 1.36× |
| Accruals Ratio | -0.02× | -0.13× | 0.13× | 0.04× | -0.02× | 0.02× |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/B | 7.68× | 46.31× | 17.97× | 5.22× | 5.55× | 2.11× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 9.33M | 7.12M | 6.53M | 5.12M | 4.07M | 2.54M |
| Operating Expenses | 14.86M | 11.30M | 10.18M | 9.25M | 7.87M | 4.37M |
| Operating Income (Loss) | -14.86M | -11.30M | -10.18M | -9.25M | -7.87M | -4.37M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -15.77M | -12.71M | -11.35M | -9.47M | -8.19M | -3.95M |
| Earnings Per Share, Basic | $-1.20 | $-1.08 | $-1.03 | $-0.86 | $-0.74 | $0.12 |
| Weighted Average Number of Shares Outstanding, Basic | 13.09M | 11.25M | 11.06M | 11.05M | 11.01M | 2.23M |
| Earnings Per Share, Diluted | $-1.20 | $-1.08 | $-1.03 | $-0.86 | $-0.74 | $0.12 |
| Weighted Average Number of Shares Outstanding, Diluted | 13.09M | 11.25M | 11.06M | 11.05M | 11.01M | 2.23M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 206.39M | 57.98M | 63.57M | 70.43M | 75.63M | 83.60M |
| Assets, Current | 263.23M | 58.99M | 66.94M | 73.75M | 79.44M | 88.23M |
| Assets | 263.76M | 59.56M | 66.94M | 73.75M | 79.44M | 88.23M |
| Liabilities, Current | 9.12M | 11.34M | 10.31M | 9.62M | 8.98M | 12.04M |
| Liabilities | 31.45M | 31.58M | 28.25M | 25.97M | 23.86M | 25.63M |
| Stockholders' Equity Attributable to Parent | 232.31M | 27.98M | 38.68M | 47.78M | 55.58M | 62.61M |
| Common Stock, Shares, Outstanding | 14.31M | 12.38M | 11.09M | 11.06M | 11.02M | 11.01M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -10.86M | -4.93M | -20.08M | -12.20M | -6.77M | -5.39M |
| Net Cash Provided by (Used in) Investing Activities | -55.44M | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | 214.73M | -49.00K | -611.00K | -853.00K | -1.20M | 74.78M |
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 (PVLA CIK 0001583648),
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.