Scilex Holding Company

SCLX

Healthcare Drug Manufacturers General

Scilex Holding Company’s revenue for fiscal 2025 (year ended December 2025) was $30.3 million, down 46.5% from fiscal 2024.

Revenue
−22.8%
EPS
−124.4%
Free cash flow
−203.8%
Total debt
+102.7%

Quarter to June 2026, against a year earlier

1.70 0.00 0.00%
Market cap
$12.0M
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
3/9
ROIC
0.00%
Net debt / EBITDA
−0.3×
Dividend safety
n/a

Insider Decisions last twelve months

Net sold
$12.8M
Trades
1 sell · 0 buys
Ownership
9.90%

Capital & Financial Ratios $m

Size
Market Cap 12
Revenue ttm 32
Net income ttm (465)
Free cash flow ttm (18)
Net debt Q 80
Valuation
P/E n/m
Forward P/E n/m
Price / sales 0.4
Forward P/S Powerpack
Price / FCF n/m
Price / book n/m
Financial health
Current ratio Q 0.1 (below 1: weak)
Debt / equity Q n/m
Interest coverage Q (4.8)
Growth
Revenue growth Q −22.8% (below 0%: shrinking)
Operating income growth Q −43.5% (below 0%: shrinking)
EPS, this year +97.3% (at or above 15%: strong)
EPS, next year A +182.0% (at or above 15%: strong)
Revenue, next year A +118.2% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +53.9% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

P/S against its own 10 years 0.10%
10-year low 10-year high
EV/Sales against its own 10 years 8.18%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4 3 11 1
Receivables 35 26 15 6
Inventory 4 2 5 4
Other — — — —
47 42 38 36
2023 2024 2025 Q'26
Payables 41 53 86 121
ST’ Debt 108 35 83 81
Other — 4 7 6
250 260 484 512

Compound Annual Growth %

10y 5y 3y
Sales — 5.13% (7.35%)
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 (6.28) (16.65) — — —
’25 (2.26) (7.42) (22.17) (3.53) (36.48)
’24 (8.39) (7.67) (0.58) (0.61) (8.05)
’23 (7.69) (6.64) (22.03) (7.71) (44.75)
’22 (2.40) (4.69) 5.64 (4.64) (6.09)
’21 3.00 (0.47) (2.93) (22.87) (23.27)
’20 — — (0.01) 0.00 (12.50)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 9 8 — — —
’25 5 10 11 5 30
’24 11 16 14 15 57
’23 11 13 10 13 47
’22 7 8 11 12 38
’21 — — — — 31
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (7) — — —
’25 6 7 8 (17) 4
’24 9 2 5 3 19
’23 (8) (13) 6 (5) (21)
’22 (11) (12) 3 (1) (21)
’21 0 0 0 (28) (29)
’20 — 0 0 0 (31)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (7) — — —
’25 6 7 8 (18) 4
’24 9 2 5 3 19
’23 (8) (13) 6 (5) (21)
’22 (11) (12) 3 (1) (21)
’22 — — — — (21)
’21 0 0 0 (28) (29)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
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 — — — — 24 31 38 47 57 30 32 +5.1% 66 189 609 +172.0%
Gross margin, % — — — — 90.88 88.40 71.61 66.45 70.51 64.97 55.50 (25.9) pt
EBT — — — — (48) (88) (23) (114) (73) (374) (465) +51.0%
EBT margin, % — — — — (201.92) (282.34) (61.42) (244.57) (128.66) (1,236.33) (1,469.71) (1,034.4) pt
Net income — 0 — — (48) (88) (23) (114) (73) (374) (465) n/m
Per share, $
Per share, $ Revenue — — — — 6.20 8.24 9.91 12.54 5.62 2.74 4.59 (15.1%)
Earnings — — — — (12.50) (23.27) (6.09) (44.75) (7.24) (36.48) (48.63) +23.9%
Cash flow — — — — (8.28) (7.54) (5.54) (5.56) 1.92 0.35 (2.48) n/m
Capex — — — — (0.01) 0.00 0.00 (0.01) 0.00 (0.01) (0.11) +12.9%
Free cash flow — — — — (8.28) (7.54) (5.54) (5.56) 1.92 0.33 (2.59) n/m
Book value — — — — 0.00 (58.92) 9.44 (46.41) (19.15) (19.19) (45.05) n/m
Shares, m — — — — 4 4 4 4 10 11 9 +23.8%
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — 0.00 0.00 15.07 3.40 5.26 3.57 0.37 4.5
P/B — — — — 255,226.20 0.00 15.81 0.00 0.00 0.00 0.00 42,540.3
EV/Sales — — — — 0.00 0.00 15.16 5.74 5.84 5.99 2.93 5.5
EV/FCF — — — — 0.00 (41.89) (27.11) (12.95) 17.10 49.59 (5.20) (2.5)
Cash, $m
Cash, $m Operating cash flow — — — — (31) (29) (21) (21) 19 4 (17) n/m
Capex — — — — 0 — 0 0 — 0 (1) +39.7%
Free cash flow — — — — (31) (29) (21) (21) 19 4 (18) n/m
Balance, $m
Balance, $m Working capital — — — — 0 (146) (15) (204) (218) (445) (476) +394.7%
Net debt — — — — 0 129 (2) 105 32 72 80 n/m
Shareholders’ equity — — — — 0 (224) 36 (173) (193) (212) (310) n/m
Returns, %
Returns, % ROA — — — — (23,819.05) (226.35) (28.41) (177.79) (74.96) (175.78) (265.83) +23,643.3 pt
ROIC — — — — 0.00 0.00 (92.93) 0.00 0.00 0.00 0.00 0.0 pt
ROE — — — — (254,112.30) 79.00 24.90 244.29 39.83 199.06 160.27 +254,311.4 pt
People
People Employees — — — — 2 2 90 105 115 34 — +76.2%
Revenue/emp, $m — — — — 11.78 15.66 0.42 0.45 0.49 0.89 — (40.3%)
Negative figures in brackets.
estimates

All 10 years →

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

Scilex Holding Company vs peers in Drug Manufacturers General (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
GSK GSK PLC Sponsored ADR $101.0B 16.7× 15.3× +3.75% (above 0%: growing) −14.73% (below 0%: shrinking) +62.44% (above 0%: growing) 73.11% 23.93% Compare
BIIB Biogen Inc. $36.1B 105× 46.4× +10.63% (above 0%: growing) n/m −69.25% (below 0%: shrinking) 73.31% 4.58% Compare
OGN Organon & Co. $3.6B 17.3× 6.2× −1.75% (below 0%: shrinking) +1.64% (above 0%: growing) +118.79% (above 0%: growing) 55.21% 23.19% Compare
GRFS Grifols, S.A. $2.2B 18.2× — +9.37% (above 0%: growing) +59.78% (above 0%: growing) +4.11% (above 0%: growing) 39.56% 19.22% Compare
AMRN Amarin Corporation PLC $244.0M — (loss-making) — (loss-making) −20.37% (below 0%: shrinking) n/m +172.64% (above 0%: growing) 40.91% (5.97%) Compare
NSRX Nasus Pharma Ltd. $34.1M — — — — −486.98% (below 0%: shrinking) — — Compare
MIRA MIRA Pharmaceuticals, Inc. $22.7M — (loss-making) — — n/m −50.76% (below 0%: shrinking) — 0.00% Compare
SCLX Scilex Holding Company $12.0M — (loss-making) — (loss-making) −22.78% (below 0%: shrinking) n/m −203.76% (below 0%: shrinking) 51.88% (385.02%)
MDCX Medicus Pharma Ltd $3.5M — (loss-making) — — n/m −27.70% (below 0%: shrinking) — 0.00% Compare
Median of peers $1.2B 17.8× 15.3× +3.75% +1.64% −11.80% 55.21% 4.58%

All 21 Drug Manufacturers General stocks →

Pay and ownership Proxy statement filed 30 April 2026

Ownership

Directors and executive officers, together 4.10%
SCLX Stock Acquisition JV LLC 24.80%
Armistice Capital LLC 5.50%
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

Scilex Holding Company (SCLX) Latest News

18 Nov

Impact 3 · · GuruFocus.com

17 Nov

Impact 3 · · PR NewswireAssociated Press Finance
Impact 3 · · GlobeNewswireMT NewswiresMarketBeatSimply Wall St.BarchartMT NewswiresSimply Wall St.MT Newswires
stockrow.com/SCLX · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com