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Financial statements

Nanobiotix S.A. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Nanobiotix S.A. files with the SEC in its annual reports.

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

Income statement

FY2018FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Revenue3.482.542.512.654.7836.2-7.1932.6
Research and development20.930.424.330.432.638.440.523.1
Selling, general and administrative12.718.914.619.417.92220.520.4
Operating income-30.1-46.8-36.4-52.6-46.7-26.8-68.4-10.8
Interest expense1.454.97-2.650.7813.914.87.4915.2
Interest income1.170.840.26.363.5327.852.09
Pre-tax income-30.3-50.9-33.6-47-57-39.7-68.1-24
Income tax000.010.010.010.120.10
Net income-30.3-50.9-33.6-47.1-57-39.7-68.1-24
EPS, basic-1.55-2.35-1.38-1.35-1.64-1.08-1.44-0.50
EPS, diluted-1.55-2.35-1.38-1.35-1.64-1.08-1.44-0.50

Balance sheet

FY2018FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents36.235.111983.941.475.349.752.8
Total current assets46.112593.152.487.361.562.8
Property, plant and equipment8.389.398.268.197.126.255.544.57
Intangible assets0.10.160.02000.010.010.01
Total assets56.213410259.893.967.467.8
Accounts payable7.777.116.489.6218.2209.12
Total current liabilities14.31936.837.949.958.957.5
Total liabilities58.163.67586.895.7133152
Paid-in capital153256256256313313314
Retained earnings-227-317-380-401
Total equity14.2-1.9170.526.8-27-1.84-65.7-84.5
Total liabilities and equity56.213410259.893.967.467.8

Cash flow statement

FY2018FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Net income-30.3-50.9-33.6-47-57-39.7-68.1-24
Cash from operations-26-41.2-27.5-29.9-37.1-12.5-19.6-33.4
Capital expenditures-0.42-1.09-0.1-0.23-0.09-0.33-0.85-0.54
Cash from investing0.07-1.46-0.11-0.240.14-0.35-0.96-0.58
Debt issued161410.4000042.9
Debt repaid-0.5-0.25-2.83-3.64-2.97-3.08-3.55
Stock issued72
Cash from financing14.941.5112-5.18-5.6546.8-5.1437.4
Exchange rate effect0.050.03-0.060.060.08-0.050.09-0.4
Net change in cash-11-1.1184.1-35.2-42.533.9-25.53.01
Free cash flow-26.4-42.3-27.6-30.1-37.2-12.8-20.4-34

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Operating margin-33.2%Operating income / revenue.
Pre-tax margin-73.5%Pre-tax income / revenue.
Net margin-73.5%Net income / revenue.
FCF margin-104.2%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-102.5%Cash from operations / revenue.
Return on assets (ROA)-35.5%Net income / average total assets.
R&D / revenue70.9%Research and development expense / revenue.
SG&A / revenue62.5%Selling, general and administrative expense / revenue.
Capex / revenue1.7%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue CAGR, 3y89.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y67.0%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y0.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y4.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-12.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.09xCurrent assets / current liabilities.
Quick ratio0.92x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.92x(Cash + short-term investments) / current liabilities.
Liabilities / assets224.7%Total liabilities / total assets.
Interest coverage-0.71xOperating income / interest expense.
Working capital€5.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets0.0%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.48xRevenue / average total assets.
Fixed asset turnover6.45xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-€0.50Net 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.
EPS, basic-€0.50Net income per basic share, as reported (split-adjusted).
What was Nanobiotix S.A.'s revenue in fiscal 2025?

Nanobiotix S.A. reported revenue of €32.6M for fiscal 2025.

Was Nanobiotix S.A. profitable in fiscal 2025?

No. It reported a net loss of €24.0M.

How much free cash flow did Nanobiotix S.A. generate in fiscal 2025?

Cash from operations of €33.4M minus capital expenditures of €538.0K left free cash flow of -€34.0M.

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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