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Financial statements

AEON Biopharma, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data AEON Biopharma, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2022FY2024FY2025
Research and development34.814.24.09
Selling, general and administrative13.713.612.2
Operating expenses48.4-7312.8
Operating income-1.94-48.473-12.8
Interest income0.083.71
Other non-operating income10.1-4.13-31-26.4
Pre-tax income8.2-52.642-39.2
Income tax000
Net income8.2-52.642-39.2
EBITDA-48.473.1-12.7
EPS, basic-0.3877.74-3.95
EPS, diluted-0.3872.93-3.95
Shares, basic (weighted)1390.549.92
Shares, diluted (weighted)1390.589.92

Balance sheet

FY2021FY2022FY2024FY2025
Cash and equivalents0.59.750.013.01
Other current assets0.340.091.580.39
Total current assets0.849.841.593.4
Property, plant and equipment0.430.240.16
Lease right-of-use assets0.481.291.05
Other non-current assets0.030.030.95
Total assets27710.83.145.56
Accounts payable0.637.815.910.94
Accrued liabilities1.111.072.87
Total current liabilities0.8382.614.16.9
Long-term debt23.1
Lease liabilities0.241.150.89
Total liabilities17.914331.760.6
Paid-in capital0.03187403416
Retained earnings-17-475-432-471
Treasury stock-0.02
Shareholders' equity-16.9-288-28.6-55
Minority interests17.1
Total equity-224-270-28.6-55
Total liabilities and equity27710.83.145.56
Shares outstanding1390.5612.1

Cash flow statement

FY2021FY2022FY2024FY2025
Net income8.2-52.642-39.2
Depreciation and amortization0.070.10.08
Stock-based compensation5.896.255.32
Change in payables6.612.52-4.97
Cash from operations-1.49-35.6-20.3-17.3
Capital expenditures-0.31-0
Cash from investing-276-0.31-0
Stock issued2700.15
Cash from financing27840.515.120.3
Net change in cash0.54.62-5.152.99
Free cash flow-35.9-17.3

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.26 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-924.2%Net income / average total assets.

Growth

MetricValueHow it is calculated
Operating income growth, 1y-117.5%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-117.4%EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-193.4%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-105.4%EPS vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y77.0%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y1,623.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.54xCurrent assets / current liabilities.
Quick ratio0.47x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.47x(Cash + short-term investments) / current liabilities.
Liabilities / assets359.9%Total liabilities / total assets.
Working capital-$3.3MCurrent assets - current liabilities.
Tangible book value-$15.4MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.08Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share-$0.27Cash from operations / diluted weighted shares.
Book value per share-$0.58Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.58Tangible book value / shares outstanding.
Cash per share$0.13(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$13.1MShare price x shares outstanding.
Enterprise value$9.7MMarket cap + total debt - cash - short-term investments.
Earnings yield-415.4%Net income / market cap (the inverse of P/E).
Was AEON Biopharma, Inc. profitable in fiscal 2025?

No. It reported a net loss of $39.2M.

How much free cash flow did AEON Biopharma, Inc. generate in fiscal 2025?

Cash from operations of $17.3M minus capital expenditures of $4.0K left free cash flow of -$17.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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