NRx Pharmaceuticals, Inc.

NRXP Healthcare Biotechnology

NRx Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 million.

EPS
+55.1%
Free cash flow
−142.6%

Quarter to June 2026, against a year earlier

2.34 0.07 +3.08%
Market cap
$98.3M
P/E
0.0×
Fwd P/E
−2.6×
Dividend yield
—
F-score
n/a
Altman Z
−37.82
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 98.28
Revenue ttm 3.39
Net income ttm (23.48)
Free cash flow ttm (20.67)
Net debt Q (26.27)
Valuation
P/E 0.00
Forward P/E (2.61) (negative: loss-making)
Price / sales 25.96 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 0.86 (below 1: weak)
Debt / equity Q (2.42) (negative: negative equity)
Interest coverage Q (27.10)
Growth
Revenue growth Q —
Operating income growth Q −74.40% (below 0%: shrinking)
EPS, this year +35.12% (at or above 15%: strong)
EPS, next year A +49.46% (at or above 15%: strong)
Revenue, next year A +357.96% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 5 1 8 27
Receivables — — 0 0
Inventory — — — —
Other — — — —
7 3 9 29
2023 2024 2025 Q'26
Payables 5 4 4 3
ST’ Debt — 2 — 0
Other 0 6 12 19
19 22 29 34

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.04) (0.44) — — —
’25 (0.34) (0.98) (0.26) 0.19 (1.34)
’24 (0.74) (0.75) (0.15) (0.77) (2.36)
’23 (1.60) (1.20) (0.70) (0.53) (4.00)
’22 (2.10) (1.10) (1.40) (1.60) (6.10)
’21 (7.15) (65.10) (7.16) (5.50) (74.40)
’20 0.96 0.03 (1.51) (14.58) (15.11)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 1 — — —
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (9) — — —
’25 (3) (4) (3) (4) (14)
’24 (4) (3) (2) (2) (11)
’23 (6) (8) (5) (3) (22)
’22 (10) (15) (6) (8) (40)
’21 (3) (11) (12) (11) (38)
’20 0 (1) (1) 0 (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (10) — — —
’25 (3) (4) (3) (4) (14)
’24 (4) (3) (2) (2) (11)
’23 (6) (8) (5) (3) (22)
’22 (10) (15) (6) (8) (40)
’21 (3) (11) (12) (11) (38)
’20 0 (1) (1) 0 (2)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — — — 1 3 — 6 90 556 +668.7%
Gross margin, % — — — — 0.00 0.00 0.00 — — 58.78 46.64 +58.8 pt
EBT — 0 0 0 (52) (93) (40) (30) (25) (29) (23) +101.6%
EBT margin, % — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (2,336.49) (692.13) (2,336.5) pt
Net income — 0 0 0 (52) (93) (40) (30) (25) (29) (23) n/m
Per share, $
Per share, $ Revenue — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.09 n/m
Earnings — (0.01) 0.25 1.47 (15.11) (74.40) (6.10) (4.00) (2.36) (1.34) (0.55) +84.5%
Cash flow — (0.01) (1.81) (2.85) (0.66) (8.04) (6.04) (2.86) (1.00) (0.66) (0.53) +60.5%
Capex — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (0.02) n/m
Free cash flow — (0.01) (1.81) (2.85) (0.66) (8.04) (6.05) (2.86) (1.00) (0.66) (0.55) +60.5%
Book value — 0.55 19.12 17.97 (12.77) 4.43 1.13 (1.55) (2.18) (0.74) 0.00 n/m
Shares, m — 9 0 0 3 5 7 8 11 21 28 +11.4%
Valuation, ×
Valuation, × P/E — — — — — — — — — 0.00 0.00 —
P/S — — — — — — — — — 0.00 25.96 —
P/B — — — — — — — — — 0.00 0.00 —
EV/Sales — — — — — — — — — 0.00 19.69 —
EV/FCF — — — — — — — — — (4.62) (3.23) —
Cash, $m
Cash, $m Operating cash flow — 0 0 (1) (2) (38) (40) (22) (11) (14) (20) +78.7%
Capex — — — — 0 0 0 0 — — (1) +14.5%
Free cash flow — 0 0 (1) (2) (38) (40) (22) (11) (14) (21) +78.7%
Balance, $m
Balance, $m Working capital — 0 (1) (1) (43) 21 10 (12) (19) (20) (5) n/m
Net debt — 0 1 2 (1) (27) (10) (5) 5 (8) (26) +42.9%
Shareholders’ equity — 5 5 5 (44) 21 7 (12) (23) (16) 0 n/m
Returns, %
Returns, % ROA — (0.15) 0.09 0.79 (295.74) (1,956.18) (135.81) (182.06) (458.25) (344.70) (120.41) (344.5) pt
ROIC — 0.00 (11.08) (6.41) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — (0.15) 1.32 8.17 267.09 3,038.41 (281.79) 1,393.99 143.75 146.18 131.22 +146.3 pt
People
People Employees — — — 2 2 — — — — 29 — +56.2%
Revenue/emp, $m — — — 0.00 0.00 — — — — 0.04 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

NRx Pharmaceuticals, 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
AVXL Anavex Life Sciences Corp. $102.9M — (loss-making) — — n/m +27.02% (above 0%: growing) — 0.00% Compare
HURA TuHURA Biosciences, Inc. $102.6M — (loss-making) — — n/m −70.46% (below 0%: shrinking) 0.00% 0.00% Compare
OKUR OnKure Therapeutics, Inc. $102.3M — (loss-making) — — n/m +22.05% (above 0%: growing) 0.00% 0.00% Compare
IMUX Immunic, Inc. $99.9M — (loss-making) — — n/m −26.79% (below 0%: shrinking) 0.00% 0.00% Compare
NRXP NRx Pharmaceuticals, Inc. $98.3M — (loss-making) — (loss-making) — n/m −142.60% (below 0%: shrinking) 38.69% (590.83%)
UNCY Unicycive Therapeutics, Inc. $96.9M — (loss-making) — (loss-making) — n/m +9.77% (above 0%: growing) 0.00% 0.00% Compare
PMVP PMV Pharmaceuticals, Inc. $96.3M — (loss-making) — — n/m +20.27% (above 0%: growing) 0.00% 0.00% Compare
BDTX Black Diamond Therapeutics, Inc. $95.4M — (loss-making) — (loss-making) — n/m +12.91% (above 0%: growing) 100.00% 0.00% Compare
LENZ LENZ Therapeutics, Inc. $94.6M — (loss-making) — (loss-making) −72.93% (below 0%: shrinking) n/m −147.16% (below 0%: shrinking) 86.58% (972.75%) Compare
Median of peers $98.4M — — — — +11.34% 0.00% 0.00%

All 621 Biotechnology stocks →

Pay and ownership Proxy statement filed 23 February 2026

Ownership

Directors and executive officers, together 6.40%
B Group Capital LLC 9.40%
Anson Funds Management LP 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

NRx Pharmaceuticals, Inc. (NRXP) Latest News

stockrow.com/NRXP · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com