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Financial statements

Pelthos Therapeutics Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Pelthos Therapeutics 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

FY2023FY2023FY2024FY2025
Revenue016.8
Cost of revenue03.99
Gross profit012.8
Research and development0.392.581.181.23
Selling, general and administrative6.3942.5
General and administrative1.12.744.11
Operating expenses2.326.867.57
Operating income-2.32-6.86-7.57-32.4
Interest expense0.140.310.793.01
Other non-operating income-0.14-0.52-0.38-18.3
Pre-tax income-2.46-7.38-7.96-50.7
Income tax0-7.39
Net income-2.46-7.38-7.96-43.3
EBITDA-7.57-31.7
EPS, basic56.38-57.68-14.27-23.04
EPS, diluted56.38-57.68-14.27-23.04
Shares, basic (weighted)0.040.130.561.88
Shares, diluted (weighted)0.040.130.561.88

Balance sheet

FY2023FY2023FY2024FY2025
Cash and equivalents0.10.10.5118
Receivables08.86
Inventory023.6
Other current assets0.112.96
Total current assets0.060.11.3753.4
Property, plant and equipment09.59
Lease right-of-use assets03.25
Goodwill024.7
Intangible assets039.5
Total assets0.060.11.37130
Accounts payable2.994.621.92.99
Accrued liabilities0.220.65015.4
Deferred revenue00.97
Total current liabilities3.766.544.0826
Lease liabilities02.75
Other non-current liabilities030.1
Total liabilities3.766.544.0891.5
Paid-in capital2.437.0718.8104
Retained earnings-6.14-13.5-21.5-64.8
Other comprehensive income0
Shareholders' equity-3.71-6.45-2.7138.9
Total equity-3.71-6.45-2.7138.9
Total liabilities and equity0.060.11.37130
Shares outstanding0.110.390.613.23

Cash flow statement

FY2023FY2023FY2024FY2025
Net income-2.46-7.38-7.96-43.3
Depreciation and amortization00.73
Stock-based compensation0.111.731.85.46
Deferred income tax0-7.39
Change in receivables0-8.81
Change in inventory01.78
Change in payables0.411.631.181.36
Cash from operations-1.57-0.98-5.79-22.6
Capital expenditures0-0.1
Cash from investing0-5.24
Debt repaid-0.22-0.85
Stock issued0.265.970
Share buybacks-0.080
Cash from financing1.621.026.2145.3
Net change in cash0.060.040.4217.5
Free cash flow-5.79-22.7
Interest paid00.02
Income taxes paid00

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 $22.19 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin78.6%Gross profit / revenue.
Operating margin-133.4%Operating income / revenue.
Pre-tax margin-216.6%Pre-tax income / revenue.
Net margin-199.5%Net income / revenue.
Operating cash flow margin-97.7%Cash from operations / revenue.
Return on assets (ROA)-62.9%Net income / average total assets.
R&D / revenue3.0%Research and development expense / revenue.
SG&A / revenue200.6%Selling, general and administrative expense / revenue.
Stock-based pay / revenue21.3%Stock-based compensation (from the cash flow statement) / revenue.

Growth

MetricValueHow it is calculated
Total assets growth, 1y9,425.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y1,233.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y237.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y250.6%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 ratio1.98xCurrent assets / current liabilities.
Quick ratio1.21x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.76x(Cash + short-term investments) / current liabilities.
Liabilities / assets101.1%Total liabilities / total assets.
Working capital$31.4MCurrent assets - current liabilities.
Goodwill and intangibles / assets45.2%(Goodwill + intangible assets) / total assets.
Tangible book value-$63.6MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.32xRevenue / average total assets.
Fixed asset turnover4.88xRevenue / average property, plant and equipment.
Inventory turnover0.43xCost of revenue / average inventory.
Days inventory845 days365 x average inventory / cost of revenue.
Receivables turnover2.99xRevenue / average receivables.
Days sales outstanding122 days365 x average receivables / revenue.
Days payables230 days365 x average accounts payable / cost of revenue.
Cash conversion cycle737 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$24.41Net 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.
Revenue per share$12.23Revenue / diluted weighted shares.
Operating cash flow per share-$11.95Cash from operations / diluted weighted shares.
Book value per share-$0.40Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$17.10Tangible book value / shares outstanding.
Cash per share$6.51(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$85.0MShare price x shares outstanding.
Enterprise value$60.8MMarket cap + total debt - cash - short-term investments.
P/S1.96xMarket cap / revenue.
EV/Sales1.40xEnterprise value / revenue.
Earnings yield-101.7%Net income / market cap (the inverse of P/E).
What was Pelthos Therapeutics Inc.'s revenue in fiscal 2025?

Pelthos Therapeutics Inc. reported revenue of $16.8M for fiscal 2025.

Was Pelthos Therapeutics Inc. profitable in fiscal 2025?

No. It reported a net loss of $43.3M.

How much free cash flow did Pelthos Therapeutics Inc. generate in fiscal 2025?

Cash from operations of $22.6M minus capital expenditures of $99.0K left free cash flow of -$22.7M.

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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