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Financial statements

Turn Therapeutics Inc. financial statements

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

FY2025FY2025
Research and development0.250.27
General and administrative1.555.59
Operating expenses1.85.86
Operating income-1.8-5.86
Interest income0.030.03
Other non-operating income0.032.66
Net income-1.77-3.19
EBITDA-1.75-5.81
EPS, basic-0.07-0.12
EPS, diluted-0.07-0.12
Shares, basic (weighted)26.627.7
Shares, diluted (weighted)26.627.7

Balance sheet

FY2025FY2025
Cash and equivalents0.54.03
Other current assets0.230.12
Total current assets1.15.2
Lease right-of-use assets0.120.08
Intangible assets0.820.92
Total assets2.0512.2
Total current liabilities0.716
Lease liabilities0.080.03
Total liabilities2.237.48
Paid-in capital1928.1
Retained earnings-19.2-22.4
Shareholders' equity-0.184.69
Total equity-0.184.69
Total liabilities and equity2.0512.2
Shares outstanding26.829.4

Cash flow statement

FY2025FY2025
Net income-1.77-3.19
Depreciation and amortization0.050.05
Stock-based compensation0.350.42
Change in payables0.22.26
Cash from operations-1.36-2.56
Cash from investing-0.1-0.15
Stock issued1.156.92
Cash from financing1.156.92

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 $12.49 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-1,230.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-49.8%Net income / average total assets.

Growth

MetricValueHow it is calculated
Total assets growth, 1y493.6%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y4.0%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 ratio1.19xCurrent assets / current liabilities.
Quick ratio1.14x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.14x(Cash + short-term investments) / current liabilities.
Debt / equity10.6xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets42.8%Total debt / total assets.
Liabilities / assets96.0%Total liabilities / total assets.
Net debt-$2.7MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$1.7MCurrent assets - current liabilities.
Goodwill and intangibles / assets5.4%(Goodwill + intangible assets) / total assets.
Tangible book value-$224.3KShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.28Net 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-$0.15Cash from operations / diluted weighted shares.
Book value per share$0.02Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.01Tangible book value / shares outstanding.
Cash per share$0.33(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$372.1MShare price x shares outstanding.
Enterprise value$369.4MMarket cap + total debt - cash - short-term investments.
P/B542xMarket cap / shareholders' equity. Only when equity is positive.
Earnings yield-2.3%Net income / market cap (the inverse of P/E).
Was Turn Therapeutics Inc. profitable in fiscal 2025?

No. It reported a net loss of $3.2M.

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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