Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Tevogen 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
FY2022
FY2023
FY2024
FY2025
Research and development
4.4
31
11.1
General and administrative
0.95
4.44
22.5
15
Operating expenses
8.84
53.6
26.1
Operating income
-8.84
-53.6
-26.1
Interest expense
1.21
0.18
Interest income
4.95
2.73
Other non-operating income
5.36
2.21
Income tax
0
0
Net income
4.41
-60.5
-13.7
-26.3
EBITDA
-8.68
-53.4
-25.9
EPS, basic
-122.00
-3.50
-8.08
EPS, diluted
-122.00
-3.50
-8.08
Shares, basic (weighted)
0.5
2.93
3.32
Shares, diluted (weighted)
0.5
2.93
3.32
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.13
0
0
0
Other current assets
0.15
0.67
0.92
0.83
Total current assets
0.27
1.72
2.36
1.54
Property, plant and equipment
0.46
0.3
0.17
Lease right-of-use assets
0.47
0.23
1.42
Other non-current assets
0.27
0.58
1.07
Total assets
357
5.51
3.46
4.38
Accounts payable
0.21
3.42
5.2
3.34
Accrued liabilities
1.1
1.71
1.5
Short-term debt
0
Total current liabilities
0.35
85.5
9.04
7.07
Lease liabilities
0.23
0.01
1.12
Total liabilities
15.1
99.9
10.1
12.6
Paid-in capital
5.22
97.9
123
Retained earnings
-14.8
-99.7
-113
-140
Shareholders' equity
-34
-94.4
-6.67
-8.23
Total equity
-34
-94.4
-6.67
-8.23
Total liabilities and equity
357
5.51
3.46
4.38
Shares outstanding
2.38
2.4
3.56
4.02
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
4.41
-60.5
-13.7
-26.3
Depreciation and amortization
0.16
0.16
0.19
Stock-based compensation
40.8
16.2
Change in payables
0.17
0.93
Cash from operations
-0.22
-8.17
-12
-12.3
Capital expenditures
-0.13
-0.06
Cash from investing
-0.13
-0.06
Share buybacks
-343
Cash from financing
3.87
12.2
11.7
Net change in cash
-0.22
-4.43
0.23
-0.73
Free cash flow
-8.3
-12.4
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 $7.25 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-457.1%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
26.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-76.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
13.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.33x
Current assets / current liabilities.
Quick ratio
0.18x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.18x
(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.
Operating cash flow per share
-$3.02
Cash from operations / diluted weighted shares.
Book value per share
-$2.09
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
Earnings yield
-45.8%
Net income / market cap (the inverse of P/E).
Was Tevogen Inc. profitable in fiscal 2025?
No. It reported a net loss of $26.3M.
How much free cash flow did Tevogen Inc. generate in fiscal 2025?
Cash from operations of $12.3M minus capital expenditures of $64.4K left free cash flow of -$12.4M.
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.