Saturday 17 October 2026
Export MNOV’s income statement to Excel — free account
MediciNova, Inc.
MNOV Healthcare Biotechnology
MediciNova, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $409,700.00, down 59.0% from fiscal 2023. In the quarter to June 2026, revenue grew 240.6%, EPS grew 28.6% and free cash flow grew 16.8%, each against the same quarter a year earlier.
1.42
0.03
−2.07%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 3.50 | 4.40 | 6.49 | 6.36 | 2.79 | 2.57 | 1.95 | 1.38 | 1.12 | 1.13 |
Analyst estimates 2026–2028 Powerpack |
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| High | 10.16 | 7.85 | 14.50 | 13.37 | 13.25 | 10.81 | 3.18 | 2.66 | 2.55 | 2.20 | |||||
| People | |||||||||||||||
| People | Employees | 10 | 9 | 9 | 8 | — | 11 | 13 | 13 | 13 | 6 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.37 | 0.00 | 0.08 | 0.00 | 0.07 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 4 | — | 1 | — | 0 | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 100.00 | 0.00 | 100.00 | — | 7.59 | |||||
| EBT | (11) | (13) | (15) | (13) | (14) | (10) | (14) | (9) | (11) | (12) | |||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (250.94) | 0.00 | (856.85) | 0.00 | (2,927.02) | |||||
| Net income | (11) | (11) | (15) | (13) | (14) | (10) | (14) | (9) | (11) | (12) | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.02 | 0.00 | 0.01 | ||||
| Earnings | (0.33) | (0.32) | (0.36) | (0.30) | (0.31) | (0.21) | (0.29) | (0.17) | (0.23) | (0.24) | |||||
| Cash flow | (0.20) | (0.20) | (0.22) | (0.21) | (0.24) | (0.19) | (0.26) | (0.15) | (0.22) | (0.20) | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.41 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | (0.20) | (0.20) | (0.22) | (0.21) | (0.24) | (0.19) | 0.14 | (0.15) | (0.22) | (0.20) | |||||
| Book value | 1.05 | 1.10 | 1.78 | 1.74 | 1.61 | 1.72 | 1.43 | 1.27 | 1.07 | 0.85 | |||||
| Shares, m | 33 | 35 | 41 | 43 | 44 | 49 | 49 | 49 | 49 | 49 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | — | 0.00 | — | 0.00 | ||||
| P/S | — | — | — | — | — | 12.97 | — | 7.33 | — | 45.60 | |||||
| P/B | — | — | — | — | — | 1.56 | — | 1.30 | — | 1.55 | |||||
| EV/Sales | — | — | — | — | — | 5.86 | — | 2.71 | — | 23.74 | |||||
| EV/FCF | — | — | — | — | — | (6.23) | — | 2.41 | — | (3.41) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (7) | (7) | (9) | (9) | (11) | (9) | (13) | (7) | (11) | (10) | ||||
| Capex | 0 | — | 0 | 0 | 0 | 0 | 20 | 0 | 0 | 0 | |||||
| Free cash flow | (7) | (7) | (9) | (9) | (11) | (9) | 7 | (7) | (11) | (10) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 23 | 25 | 61 | 62 | 59 | 69 | 56 | 48 | 38 | 27 | ||||
| Total debt | — | — | — | 0 | 0 | 1 | 1 | — | — | — | |||||
| Net debt | (24) | (28) | (62) | (64) | (60) | (71) | (58) | (51) | (40) | (31) | |||||
| Shareholders’ equity | 35 | 39 | 73 | 75 | 71 | 84 | 70 | 62 | 53 | 42 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (27.96) | (26.82) | (24.33) | (16.55) | (17.92) | (12.45) | (17.42) | (12.21) | (18.09) | (23.65) | ||||
| ROIC | (65.31) | (76.45) | (90.25) | (78.99) | (78.49) | (52.14) | (77.78) | (54.38) | (65.23) | (77.01) | |||||
| ROE | (32.30) | (30.51) | (26.26) | (17.49) | (18.95) | (13.08) | (18.28) | (12.93) | (19.24) | (25.50) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
MediciNova, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NTRB Nutriband Inc. | $76.2M | — (loss-making) | 4.6× | −29.72% (below 0%: shrinking) | n/m | +55.46% (above 0%: growing) | 41.58% | (203.57%) | Compare |
| CRDF Cardiff Oncology, Inc. | $75.5M | — (loss-making) | — (loss-making) | −14.05% (below 0%: shrinking) | n/m | −41.36% (below 0%: shrinking) | 100.00% | (9,245.19%) | Compare |
| ACRV Acrivon Therapeutics, Inc. | $75.4M | — (loss-making) | — | — | n/m | +12.59% (above 0%: growing) | 0.00% | 0.00% | Compare |
| OKYO OKYO Pharma Limited Sponsored ADR | $75.1M | — (loss-making) | — | — | n/m | +37.39% (above 0%: growing) | 0.00% | — | Compare |
| PDSB PDS Biotechnology Corporation | $72.8M | — (loss-making) | — | — | n/m | +69.32% (above 0%: growing) | 0.00% | 0.00% | Compare |
| HRTX Heron Therapeutics, Inc. | $71.5M | — (loss-making) | — (loss-making) | +1.25% (above 0%: growing) | n/m | +78.75% (above 0%: growing) | 69.28% | (5.43%) | Compare |
| MNOV MediciNova, Inc. | $71.4M | — (loss-making) | — (loss-making) | +240.56% (above 0%: growing) | n/m | +16.75% (above 0%: growing) | 69.33% | (554.36%) | |
| CGTX Cognition Therapeutics, Inc. | $69.7M | — (loss-making) | — | — | n/m | +45.35% (above 0%: growing) | 0.00% | 0.00% | Compare |
| MAIA MAIA Biotechnology, Inc. | $69.2M | — (loss-making) | — | — | n/m | −63.23% (below 0%: shrinking) | — | 0.00% | Compare |
| Median of peers | $73.9M | — | — | −14.05% | — | +41.37% | 0.00% | 0.00% |
MediciNova, Inc. (MNOV) key facts
- Concern: MediciNova, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $409,700.00, down 59.0% from fiscal 2023.
- MediciNova, Inc. (MNOV) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, MNOV traded at $1.42, a market capitalization of $71.4 million.
- Return on equity was −25.5% and debt-to-equity 0.00.
- Its Altman Z-score is −4.10 (distress zone) for fiscal 2025.