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PALATIN TECHNOLOGIES INC

For the period ended Dec 31, 2025. Filed Feb 17, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2025 · Filed Feb 17, 2026

PTN$6.27+9.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2025

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to __________

Commission file number:001-15543

(Exact name of registrant as specified in its charter)

Delaware95-4078884
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
301 Carnegie Center Drive, Suite 304 Princeton, New Jersey08540
(Address of principal executive offices)(Zip Code)

(609) 495-2200

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $0.01 per sharePTNNYSE American

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date (February 13, 2026):1,772,199

PALATIN TECHNOLOGIES, INC.

Table of Contents

Page
Special Note Regarding Forward-Looking Statementsii
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)
Consolidated Balance Sheets as of December 31, 2025 and June 30, 20251
Consolidated Statements of Operations for the Three and Six months ended December 31, 2025 and 20242
Consolidated Statements of Changes in Stockholders’ Equity (Deficiency) for the Three and Six months ended December 31, 20253
Consolidated Statements of Changes in Stockholders’ Deficiency for the Three and Six months ended December 31, 20244
Consolidated Statements of Cash Flows for the Six months ended December 31, 2025 and 20245
Notes to Consolidated Financial Statements6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20
Item 3. Quantitative and Qualitative Disclosures About Market Risk24
Item 4. Controls and Procedures24
PART II – OTHER INFORMATION24
Item 1. Legal Proceedings25
Item 1A. Risk Factors25
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds26
Item 3. Defaults Upon Senior Securities26
Item 4. Mine Safety Disclosures26
Item 5. Other Information26
Item 6. Exhibits27
Signatures28

i

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