Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PALATIN TECHNOLOGIES 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
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
67.1
67.1
60.3
0.12
-0.19
1.47
4.85
4.49
0
13.2
Cost of revenue
0
0.15
0.22
0.42
0.1
Gross profit
0.12
-0.34
1.25
4.44
4.39
Research and development
32.6
32.6
14.9
14
12.9
21.3
22.6
22.4
14.9
12.4
Selling, general and administrative
16.5
15.3
12.3
7.81
General and administrative
8.64
8.64
9.7
9.77
17.3
16.5
7.81
9.48
Operating expenses
41.2
41.2
24.6
-23.6
33.2
38.1
37.3
27
17.5
21.9
Operating income
25.9
25.9
35.7
-23.6
-33.4
-36.6
-32.5
-22.5
-17.5
-8.67
Interest expense
1.45
1.45
0.42
0.02
0.02
0.03
0.02
0.02
0.02
0.01
Interest income
0.31
0.31
0.45
1.2
0.02
Other non-operating income
-1.14
-1.14
0.03
1.18
-0.21
0.39
3.75
-7.24
0.15
0.29
Pre-tax income
24.8
24.8
35.8
-22.4
-36.2
-32.2
Income tax
0.08
0.08
0
0
0
-4.67
-29.7
-17.3
-8.38
Net income
24.7
24.7
35.8
-22.4
-33.6
-36.2
-24
-29.7
-17.3
-8.38
EBITDA
26
26
35.8
-23.5
-33.3
-36.5
-32.2
-22.2
-17.2
-8.61
EPS, basic
6.01
6.01
8.51
-5.01
-7.01
-110.68
-2.02
-32.15
-2.96
EPS, diluted
6.01
6.01
8.01
-5.01
-7.01
-110.68
-101.16
-32.15
-2.96
Shares, basic (weighted)
3.96
3.96
4.15
4.69
4.73
0.22
14.7
0.54
2.83
Shares, diluted (weighted)
4.13
4.13
4.34
4.69
4.73
0.22
0.29
0.54
2.83
Balance sheet
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
40.2
38
43.5
82.9
60.1
29.9
11
9.53
2.56
7.49
Short-term investments
0
2.99
0
Receivables
15.1
0
60.3
0
1.58
1.78
2.92
0
0
0.3
Inventory
0
1.16
0.94
0.53
0
Other current assets
1.01
0.51
0.64
0.74
3.06
1.93
1.9
0.24
0.33
0.37
Total current assets
56.6
38.5
104
83.6
65.9
34.6
16.3
9.77
2.92
8.16
Property, plant and equipment
0.2
0.16
0.14
0.14
0.09
0.54
0.68
0.39
0.13
0.12
Lease right-of-use assets
0
1.27
1.24
0.88
0.88
0.53
0.16
0.22
Other non-current assets
0.06
0.34
0.18
0.06
0.06
0.06
0.06
0.06
0.06
0.02
Total assets
56.8
39
105
85.1
67.3
36.1
17.9
10.7
3.27
8.52
Accounts payable
1.55
2.22
0.5
0.72
0.64
3.16
4.3
4.1
7
1.11
Accrued liabilities
10.5
2.1
2.85
2.9
5.8
6.88
6.51
4.19
0.88
0.5
Deferred revenue
35.1
0
Total current liabilities
55
10.8
4.19
3.93
10.5
16.3
15.1
9.66
8.01
1.77
Long-term debt
6.28
0.33
0.33
Lease liabilities
0
0.95
0.9
0.53
0.54
0.16
0.03
0.07
Other non-current liabilities
0.75
0.46
0
0
6.23
2.86
1.85
0
Total liabilities
62
12.1
4.19
4.88
17.6
19.8
19.7
10.9
8.04
1.84
Total debt
6.28
0.33
0.33
Paid-in capital
350
357
394
396
401
404
410
442
454
474
Retained earnings
-357
-332
-296
-318
-352
-388
-412
-442
-459
-467
Other comprehensive income
-0
0
Shareholders' equity
-5.16
27
101
80.2
49.7
16.3
-1.98
-0.11
-4.78
6.69
Total equity
-5.16
27
101
80.2
49.7
16.3
-1.98
-0.11
-4.78
6.69
Total liabilities and equity
56.8
39
105
85.1
67.3
36.1
17.9
10.7
3.27
8.52
Shares outstanding
3.21
4
4.53
4.58
0.18
9.27
0.23
0.36
0.93
1.78
Cash flow statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
24.7
24.7
35.8
-22.4
-33.6
-36.2
-27.5
-29.7
-17.3
-8.38
Depreciation and amortization
0.03
0.06
0.06
0.06
0.05
0.13
0.29
0.34
0.26
0.06
Stock-based compensation
1.76
3.52
3.48
3.14
3.17
2.51
1.67
1.87
1.38
1.33
Deferred income tax
0
-0.5
0
0
Change in receivables
15.1
-15.1
60.3
-60.3
-1.58
0.2
1.14
2.92
0
-0.3
Change in inventory
-0.99
-0.22
-0.42
-1.15
0
Change in payables
0.84
0.67
-1.72
0.21
-0.08
2.57
1.11
-0.2
2.9
-2.14
Cash from operations
12.9
1.7
-21.8
41.3
-0.09
-29.9
-29.3
-31.5
-21.3
-13.5
Capital expenditures
-0.13
-0.02
-0.04
-0.06
-0.01
-0.26
-0.43
-0.04
0
-0.05
Purchases of investments
0
0
0
-2.99
Sales and maturities of investments
0
2.99
0
Cash from investing
0.99
0.23
-0.04
-0.06
-0.01
-0.26
-3.43
12.5
3.13
-0.05
Debt issued
0
0
Stock issued
0.16
2.51
0.81
0
0
0
11
14.7
7.96
16.9
Cash from financing
18.3
-4.13
27.3
-1.92
-22.6
0.02
10.7
20.5
11.2
18.5
Net change in cash
32.2
-2.2
5.51
39.3
-22.7
-30.2
-21.9
1.54
-6.96
4.93
Free cash flow
12.7
1.68
-21.8
41.3
-0.1
-30.2
-29.7
-31.5
-21.3
-13.6
Interest paid
1.68
1.08
0.35
0.02
0.02
0.03
0.02
0.02
0.02
0.01
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $6.86 on November 11, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-65.7%
Operating income / revenue.
EBITDA margin
-65.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-63.5%
Net income / revenue.
FCF margin
-103.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-102.6%
Cash from operations / revenue.
Return on equity (ROE)
-877.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-142.1%
Net income / average total assets.
R&D / revenue
93.8%
Research and development expense / revenue.
Stock-based pay / revenue
10.1%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.4%
Capital expenditures / revenue.
D&A / revenue
0.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue CAGR, 3y
39.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-33.0%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
160.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-22.0%
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
-33.9%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
425.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
135.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-9.8%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
4.61x
Current assets / current liabilities.
Quick ratio
4.40x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
4.23x
(Cash + short-term investments) / current liabilities.
Net 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
-$2.96
Net income per basic share, as reported (split-adjusted).
Revenue per share
$4.66
Revenue / diluted weighted shares.
FCF per share
-$4.80
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$4.79
Cash from operations / diluted weighted shares.
Book value per share
$3.76
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.93x
Market cap / revenue.
P/B
1.83x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.83x
Market cap / tangible book value, when positive.
EV/Sales
0.36x
Enterprise value / revenue.
FCF yield
-111.3%
Free cash flow / market cap.
Earnings yield
-68.6%
Net income / market cap (the inverse of P/E).
What was PALATIN TECHNOLOGIES INC's revenue in fiscal 2026?
PALATIN TECHNOLOGIES INC reported revenue of $13.2M for fiscal 2026.
Was PALATIN TECHNOLOGIES INC profitable in fiscal 2026?
No. It reported a net loss of $8.4M.
How much free cash flow did PALATIN TECHNOLOGIES INC generate in fiscal 2026?
Cash from operations of $13.5M minus capital expenditures of $51.3K left free cash flow of -$13.6M.
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.