Eton Pharmaceuticals, Inc.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
ETON$64.35+14.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
(In thousands, except per share amounts)
| For the years ended | |||
|---|---|---|---|
| December 31, | December 31, | December 31, | |
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Licensing revenue | $3,286 | $500 | $5,500 |
| Product sales and royalties, net | 76,664 | 38,511 | 26,142 |
| Total net revenues | 79,950 | 39,011 | 31,642 |
| Cost of Sales: | |||
| Licensing revenue | 825 | 270 | 1,000 |
| Product sales and royalties | 36,385 | 15,330 | 9,581 |
| Total cost of sales | 37,210 | 15,600 | 10,581 |
| Gross profit | 42,740 | 23,411 | 21,061 |
| Operating expenses: | |||
| Research and development | 7,765 | 3,255 | 3,322 |
| General and administrative | 35,819 | 22,753 | 18,931 |
| Total operating expenses | 43,584 | 26,008 | 22,253 |
| Loss from operations | (844) | (2,597) | (1,192) |
| Other income (expense): | |||
| Interest and other (expense) income, net | (3,714) | (1,211) | 503 |
| Loss before income tax expense | (4,558) | (3,808) | (689) |
| Income tax expense | 43 | 15 | 247 |
| Net loss | $(4,601) | $(3,823) | $(936) |
| Net loss per share, basic and diluted | $(0.17) | $(0.15) | $(0.04) |
| Weighted average number of common shares outstanding, basic and diluted | 26,908 | 25,895 | 25,645 |
Eton Pharmaceuticals, Inc.
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