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Financial statements

NeuroSense Therapeutics Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data NeuroSense Therapeutics Ltd. 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

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Research and development5.597.275.76.23
General and administrative4.974.784.24.86
Operating income-1.24-2.89-5.59-10.6-12-9.9-11.1
Interest expense0.0101.190.052.21
Interest income0.020.062.731.264.23
Other non-operating income0.061.94-0.31-0.04
Net income-1.22-2.83-4.04-10.5-10.1-10.2-11.1
EBITDA-10.5-12-9.88-11.1
EPS, basic-0.22-0.43-0.55-0.91-0.74-0.54-0.44
EPS, diluted-0.22-0.43-0.55-0.91-0.74-0.54-0.44
Shares, basic (weighted)11.513.618.625.5
Shares, diluted (weighted)11.513.618.625.5

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents0.90.711.13.542.643.380.17
Other current assets0.070.090.08
Total current assets0.7711.47.382.924.40.78
Property, plant and equipment0.010.020.080.090.070.06
Lease right-of-use assets00.010.230.160.080.17
Total assets0.7811.47.713.194.581.03
Accounts payable0.010.070.481.461.160.8
Accrued liabilities1.480.50.46
Total current liabilities0.120.61.733.461.992.52
Lease liabilities0.150.070.07
Total liabilities0.122.432.094.941.992.59
Paid-in capital5.0617.526.424.439.246.2
Retained earnings-4.41-8.45-20.8-26.1-36.7-47.8
Shareholders' equity10.85.84-1.762.58-1.56
Total equity0.920.669.015.62-1.872.58-1.56
Total liabilities and equity0.7811.47.713.194.581.03
Shares outstanding15.423.232.6

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Net income-1.22-2.83-4.04-10.5-10.1-10.2-11.1
Depreciation and amortization0.010.020.020.02
Stock-based compensation1.731.540.562.14
Cash from operations-0.58-0.7-1.54-7.62-8.35-10.1-7.67
Capital expenditures-0.01-0.01-0.02-0.07-0.03-0-0.01
Cash from investing-0.03-0.01-0.02-3.593.470-0.01
Debt repaid-0-0.08-0.08
Stock issued1.420.519.863.870.010.01
Dividends paid-0.03-0.03-0.03-0.31-0.31
Cash from financing1.420.5111.93.773.9810.94.43
Exchange rate effect0.02-0.090.01-0.040.04
Net change in cash0.81-0.210.4-7.52-0.9
Free cash flow-0.59-0.7-1.56-7.69-8.38-10.1-7.68

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $6.95 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-397.1%Net income / average total assets.

Growth

MetricValueHow it is calculated
Book value growth, 1y-160.4%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-77.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-48.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y5.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y37.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y30.4%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.31xCurrent assets / current liabilities.
Quick ratio0.07x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.07x(Cash + short-term investments) / current liabilities.
Liabilities / assets251.8%Total liabilities / total assets.
Working capital-$1.7MCurrent assets - current liabilities.
Tangible book value-$1.6MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.44Net 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-$0.44Net income per basic share, as reported (split-adjusted).
FCF per share-$0.30Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.30Cash from operations / diluted weighted shares.
Book value per share-$0.05Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.05Tangible book value / shares outstanding.
Cash per share$0.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$262.5MShare price x shares outstanding.
Enterprise value$262.3MMarket cap + total debt - cash - short-term investments.
FCF yield-2.9%Free cash flow / market cap.
Earnings yield-4.2%Net income / market cap (the inverse of P/E).
Was NeuroSense Therapeutics Ltd. profitable in fiscal 2025?

No. It reported a net loss of $11.1M.

How much free cash flow did NeuroSense Therapeutics Ltd. generate in fiscal 2025?

Cash from operations of $7.7M minus capital expenditures of $8.0K left free cash flow of -$7.7M.

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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