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Financial statements

NEONC TECHNOLOGIES HOLDINGS, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data NEONC TECHNOLOGIES HOLDINGS, 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

FY2025FY2025
Revenue0.080.04
Research and development3.053.64
General and administrative1.684.82
Operating expenses7.2358.3
Operating income-7.14-58.2
Interest expense2.562.5
Interest income0.020.33
Net income-11.9-62.1
EPS, basic-0.69-3.20
EPS, diluted-0.69-3.20
Shares, basic (weighted)17.319.4
Shares, diluted (weighted)17.319.4

Balance sheet

FY2025FY2025
Cash and equivalents0.060.06
Other current assets0.390.44
Total current assets2.21.39
Lease right-of-use assets0.020.36
Intangible assets0.5
Total assets3.422.82
Accounts payable2.922.86
Accrued liabilities0.730.26
Total current liabilities8.9220
Lease liabilities0.29
Total liabilities8.9220.3
Paid-in capital45.198
Retained earnings-50.6-113
Shareholders' equity-5.5-17.5
Total equity-5.5-17.5
Total liabilities and equity3.422.82
Shares outstanding18.122

Cash flow statement

FY2025FY2025
Net income-11.9-62.1
Stock-based compensation35.6
Change in payables1.81.12
Cash from operations-4.21-20.4
Capital expenditures-0.5
Cash from investing-0.5
Cash from financing4.2520.9
Net change in cash0.03-0.01
Free cash flow-20.9

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 $3.31 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-902.2%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-51.8%Revenue vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-17.4%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y11.9%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 ratio0.18xCurrent assets / current liabilities.
Quick ratio0.08x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.08x(Cash + short-term investments) / current liabilities.
Liabilities / assets454.2%Total liabilities / total assets.
Interest coverage-12.4xOperating income / interest expense.
Working capital-$19.3MCurrent assets - current liabilities.
Goodwill and intangibles / assets9.2%(Goodwill + intangible assets) / total assets.
Tangible book value-$19.0MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.91Net 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-$0.86Cash from operations / diluted weighted shares.
Book value per share-$0.71Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.73Tangible book value / shares outstanding.
Cash per share$0.08(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$85.8MShare price x shares outstanding.
Enterprise value$83.9MMarket cap + total debt - cash - short-term investments.
Earnings yield-55.0%Net income / market cap (the inverse of P/E).
What was NEONC TECHNOLOGIES HOLDINGS, INC.'s revenue in fiscal 2025?

NEONC TECHNOLOGIES HOLDINGS, INC. reported revenue of $40.0K for fiscal 2025, 51.8% lower than the year before.

Was NEONC TECHNOLOGIES HOLDINGS, INC. profitable in fiscal 2025?

No. It reported a net loss of $62.1M.

How much free cash flow did NEONC TECHNOLOGIES HOLDINGS, INC. generate in fiscal 2025?

Cash from operations of $20.4M minus capital expenditures of $500.0K left free cash flow of -$20.9M.

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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