Invesaro

Stocks Health care TLPH

NASDAQ · Health care

Talphera, Inc. (TLPH)

Talphera, Inc. brought in $1K of revenue over the twelve months to June 30, 2026, down 96.3% from a year earlier. It posted a net loss of $15.1M. At June 30, 2026 it held $742K in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 12, 2026.

Free, no password. An email when TLPH files with the SEC.

Price
$1.09
+3.81% on the day · November 9, 2026
52-week range $0.69 to $1.57
Market cap
$56.6M
Revenue (last 12 months)
$1K
-96.3% year on year
Net margin
-1,507,600.0%

Key facts about Talphera, Inc.

Net worth
Talphera, Inc. has a market value (market cap) of $56.6M at the latest share price, and shareholders' equity of $14.4M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $28K, with a net loss of $14.3M. Over the 12 months to June 30, 2026: revenue $1K, net loss $15.1M.
Cash flow
In fiscal 2025 operations used $11.4M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 12, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
Talphera, Inc.'s next report is expected around November 11, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What Talphera, Inc. does

Talphera, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker TLPH.

Revenue and profit by year

Revenue
FY18: $2.2M $2.2M FY18FY19: $2.3M $2.3M FY19FY20: $5.4M $5.4M FY20FY21: $2.8M $2.8M FY21FY22: $0 $0 FY22FY23: $651K $651K FY23FY24: $0 $0 FY24FY25: $28K $28K FY25
Net income
FY18: -$47.1M -$47.1M FY18FY19: -$53.2M -$53.2M FY19FY20: -$40.4M -$40.4M FY20FY21: -$35.1M -$35.1M FY21FY22: $47.8M $47.8M FY22FY23: -$18.4M -$18.4M FY23FY24: -$13M -$13M FY24FY25: -$14.3M -$14.3M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$28K-$13.5M-$14.3M-$0.34n/a
2024$0-$15.3M-$13M-$0.50-$12.7M
2023$651K-$16.9M-$18.4M-$1.29-$17.6M
2022$0-$25.3M$47.8M$5.72-$28.7M
2021$2.8M-$36M-$35.1M-$5.86-$31.8M
2020$5.4M-$41M-$40.4M-$9.50-$40.4M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around November 11, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 12, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where TLPH ranks in Health care

Revenue$28K
#732 of 751 in Health care · Bottom 3%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Talphera, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 12, 2026
  2. August 12, 2026
    Quarterly report 10-Q · period to June 30, 2026Diluted EPS -$0.06 versus -$0.10.
  3. August 12, 2026
  4. August 12, 2026
  5. June 23, 2026
  6. May 15, 2026
  7. May 13, 2026
    Quarterly report 10-Q · period to March 31, 2026Diluted EPS -$0.04 versus -$0.10.
  8. May 13, 2026
  9. May 12, 2026
  10. April 29, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on June 24, 2026. Insider transactions on SEC

Insider trades

What the people running Talphera, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
June 22, 2026 Hoffman Stephen JDirector Received as pay 5,100 - - Form 4
June 22, 2026 Wan Mark ADirector Received as pay 5,100 - - Form 4
June 22, 2026 Adams AdrianDirector Received as pay 5,100 - - Form 4
June 22, 2026 Broadfoot Jill MarieDirector Received as pay 5,100 - - Form 4
June 22, 2026 Todisco JosephDirector Received as pay 5,100 - - Form 4
June 22, 2026 Bozilenko MarinaDirector Received as pay 5,100 - - Form 4
June 22, 2026 Jain AbhinavDirector Received as pay 5,100 - - Form 4
May 20, 2026 Aslam ShakilChief Medical Officer Shares withheld for tax 4,518 $0.82 $3.7K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns TLPH

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Nantahala Capital Management, LLC13D, may seek influence with 2 related filers 11.7% 1,992,519 April 3, 2025
Rosalind Advisors, Inc.13G, passive with 3 related filers 9.9% 12,913,182 August 12, 2026
Orin Hirschman13G, passive with 1 related filers 9.8% 4,661,502 January 30, 2026
Rock Springs Capital Management LP13G, passive with 4 related filers 7.88% 3,589,186 September 12, 2025

Latest filings below 5%: Lytton Laurence W 2.5% (May 15, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 49 managers reported a position.

HolderSharesValueChange on quarter
Nantahala Capital Management, LLC6,985,038$7.2M+3,492,519
Rosalind Advisors, Inc.5,169,501$5.3M+1,815,585
AIGH Capital Management LLC4,601,502$4.7M-60,000
Rock Springs Capital Management LP3,589,186$3.7M0
Cantor Fitzgerald, L. P.1,774,962$1.8M+887,481
Bleichroeder LP1,307,787$1.3M0
Dauntless Investment Group, LLC746,051$768.4K+310,817
Vanguard Capital Management LLC701,877$722.9K+260,266
Caption Management, LLC514,969$530.4K-46,851
Almitas Capital LLC467,152$481.2K0
Geode Capital Management, LLC429,062$442K+9,082
Shay Capital LLC405,764$417.9K+155,681
Vanguard Fiduciary Trust Co222,372$229K+29,967
Diadema Partners LP153,563$158.2K0
UBS Group AG129,916$133.8K+116,092
Renaissance Technologies LLC113,300$116.7K-124,455
Mariner, LLC100,000$103K0
BlackRock, Inc.91,548$94.3K0
Northern Trust Corp88,296$90.9K0
Values First Advisors, Inc.79,685$82.1K-1,832

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

11 insiders reported holding 1,218,214 shares in total, about $1.3M at the last price.

HolderSharesAs of
Angotti Vincent J.CHIEF EXECUTIVE OFFICER, Director 790,767 April 2, 2026
Asadorian RaffiChief Financial Officer 177,135 April 2, 2026
Aslam ShakilChief Medical Officer 76,542 May 20, 2026
Dasu Badri NChief Engineering Officer 71,440 April 2, 2026
Adams AdrianDirector 22,709 June 22, 2026
Bozilenko MarinaDirector 14,147 June 22, 2026
Wan Mark ADirector 13,959 June 22, 2026
Hoffman Stephen JDirector 13,959 June 22, 2026
Broadfoot Jill MarieDirector 13,647 June 22, 2026
Jain AbhinavDirector 12,412 June 22, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about TLPH

What does Talphera, Inc. do?

Talphera, Inc. is a company in the Health care sector, listed on NASDAQ as TLPH. Its shares trade on NASDAQ under the ticker TLPH.

What is Talphera, Inc.'s net worth?

Talphera, Inc. has a market value (market cap) of $56.6M at the latest share price, and shareholders' equity of $14.4M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Talphera, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $15.1M on revenue of $1K.

How much revenue does Talphera, Inc. make?

Over the twelve months to June 30, 2026 Talphera, Inc. reported revenue of $1K. That is 96.3% less than a year earlier.

When did Talphera, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 12, 2026. It covers the period to June 30, 2026.

When is Talphera, Inc.'s next earnings report?

Talphera, Inc.'s next report is expected around November 11, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

Similar companies

Compare TLPH with

Compare TLPH with any company

Follow TLPH

Get an email when Talphera, Inc. files with the SEC: results, executive changes, material agreements and annual reports.

Free, no password. An email when TLPH files with the SEC.

Where the numbers come from

Financial figures are the values Talphera, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.