Tenax Therapeutics, Inc.

TENX Healthcare Biotechnology

EPS
−29.6%
Free cash flow
−125.9%

Quarter to June 2026, against a year earlier

1.64 0.17 −9.39%
Market cap
$61.0M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
1.79
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 6.49
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 2 — — — — — — — 2 4 1 —
Sell — — — — — — — — — — — —
Insider Ownership 33.40%

Capital & Financial Ratios $m

Size
Market Cap 61.00
Revenue ttm 0.34
Net income ttm (64.86)
Free cash flow ttm (46.03)
Net debt Q (117.98)
Valuation
P/E 0.00
Forward P/E —
Price / sales 242.52 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.73
Financial health
Current ratio Q 15.07 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 7,295.00
Growth
Revenue growth Q −77.98% (below 0%: shrinking)
Operating income growth Q −59.29% (below 0%: shrinking)
EPS, this year −3.84% (below 0%: weak)
EPS, next year A +1.11%
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A −6.83% (below 0%: weak)

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

Valuation vs history

P/S against its own 10 years 81.30%
10-year low 10-year high
P/B against its own 10 years 18.08%
10-year low 10-year high
EV/FCF against its own 10 years 59.79%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 10 95 98 118
Receivables — — — —
Inventory — — — —
Other 0 0 1 0
12 97 104 122
2023 2024 2025 Q'26
Payables 2 3 6 7
ST’ Debt — — — —
Other — — — —
4 5 7 8

Compound Annual Growth %

10y 5y 3y
Sales — 0.79% (50.84%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 4.85% 83.82% 302.14%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.35) (0.35) — — —
’25 (0.28) (0.27) (0.40) (0.38) (1.34)
’24 (3.12) (1.83) (0.19) (0.18) (1.15)
’23 (12.00) (4.00) (6.40) (10.69) (31.04)
’22 (176.00) (176.00) (176.00) (75.97) (600.72)
’21 (2.62k) (160.00) (240.00) 493.77 (2.53k)
’20 (608.00) (368.00) (288.00) (960.00) (1.52k)
Fiscal quarters ending in the months shown.

Revenue $m

Year
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (9) (14) — — —
’25 (7) (6) (9) (13) (36)
’24 (5) (3) (3) (4) (15)
’23 (2) (1) (2) (1) (6)
’22 (3) (3) (3) (2) (11)
’21 (3) (2) (3) (3) (11)
’20 (3) (2) (2) (2) (9)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (9) (14) — — —
’25 (7) (6) (9) (13) (36)
’24 (5) (3) (3) (4) (15)
’23 (2) (1) (2) (1) (6)
’22 (3) (3) (3) (2) (11)
’21 (3) (2) (3) (3) (11)
’20 (3) (2) (2) (2) (9)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to April

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 — — — — — — — — — — 0 — 12 12 12 0.0%
Gross margin, % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — — — 0.00 0.0 pt
EBT (44) (9) (7) (8) (10) (32) (11) (8) (18) (53) (65) +2.0%
EBT margin, % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
Net income (44) (9) (14) (8) (10) (32) (11) (8) (18) (53) (65) +2.0%
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Earnings (49,920.00) (10,017.20) (14,464.00) (2,160.00) (1,520.57) (2,528.00) (560.16) (31.04) (1.15) (1.34) (1.48) (68.9%)
Cash flow (17,634.78) (13,489.44) (5,499.50) (1,937.49) (1,426.60) (841.57) (618.95) (23.81) (0.97) (0.91) (0.90) (66.6%)
Capex 80.11 (5.00) (7.60) (0.92) (0.54) (0.41) (0.12) 0.01 0.00 0.00 0.00 n/m
Free cash flow (17,554.67) (13,494.44) (5,507.10) (1,938.41) (1,427.14) (841.98) (619.07) (23.79) (0.97) (0.91) (0.90) (66.6%)
Book value 19,045.44 9,868.78 11,771.50 967.31 711.63 329.05 81.13 32.65 6.02 2.48 2.23 (63.0%)
Shares, m 0 0 0 0 0 0 0 0 15 39 44 +227.7%
Valuation, ×
Valuation, × P/E — — — — — — — — — — 0 —
P/S — — — — — — — — — — 0 —
P/B — — — — — — — — — — 0 —
EV/Sales — — — — — — — — — — 0 —
EV/FCF — — — — — — — — — — 0 —
Cash, $m
Cash, $m Operating cash flow (16) (12) (5) (8) (9) (11) (11) (6) (15) (36) (46) +9.5%
Capex 0 0 0 0 0 0 0 0 — — 0 (36.5%)
Free cash flow (16) (12) (6) (8) (9) (11) (11) (6) (15) (36) (46) +9.5%
Balance, $m
Balance, $m Working capital 7 7 12 4 5 4 1 8 92 97 114 +33.1%
Net debt (13) (8) (13) (5) (7) (6) (2) (10) (95) (98) (118) +24.8%
Shareholders’ equity 17 9 12 4 5 4 1 8 92 97 114 +21.2%
Returns, %
Returns, % ROA (91.20) (53.20) (121.79) (85.21) (148.88) (505.01) (235.14) (102.20) (32.48) (52.36) (57.02) +38.8 pt
ROIC (852.44) (498.28) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 +852.4 pt
ROE (113.26) (67.94) (136.97) (108.01) (234.61) (732.21) (385.12) (160.80) (35.17) (55.64) (59.80) +57.6 pt
People
People Employees 11 8 10 10 10 9 8 6 6 16 — +4.3%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Apr 2015 · latest quarter Jun 2015 · fundamentals updated 2 Nov 2026

Tenax Therapeutics, 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
CSBR Champions Oncology, Inc. $66.3M — (loss-making) — (loss-making) +8.84% (above 0%: growing) n/m −198.74% (below 0%: shrinking) 50.54% (2.69%) Compare
CNXU Conexeu Sciences Inc. $65.4M — (loss-making) — — n/m −1,084.33% (below 0%: shrinking) — 0.00% Compare
MAIA MAIA Biotechnology, Inc. $64.2M — (loss-making) — — n/m −63.23% (below 0%: shrinking) — 0.00% Compare
CING Cingulate Inc. $61.7M — (loss-making) — — n/m −24.28% (below 0%: shrinking) 0.00% 0.00% Compare
FBIO Fortress Biotech, Inc. $61.4M 0.6× 0.8× +14.04% (above 0%: growing) n/m −115.37% (below 0%: shrinking) 67.18% (53.46%) Compare
TENX Tenax Therapeutics, Inc. $61.0M — (loss-making) — −77.98% (below 0%: shrinking) n/m −125.93% (below 0%: shrinking) 0.00% 0.00%
CRDF Cardiff Oncology, Inc. $58.8M — (loss-making) — (loss-making) −14.05% (below 0%: shrinking) n/m −41.36% (below 0%: shrinking) 100.00% (9,245.19%) Compare
TELO Telomir Pharmaceuticals, Inc. $57.5M — (loss-making) — — n/m −45.34% (below 0%: shrinking) — 0.00% Compare
CRBP Corbus Pharmaceuticals Holdings, Inc. $55.3M — (loss-making) — (loss-making) −92.09% (below 0%: shrinking) n/m −78.52% (below 0%: shrinking) 0.00% 0.00% Compare
Median of peers $61.5M — — −2.61% — −70.87% 50.54% 0.00%

All 621 Biotechnology stocks →

Pay and ownership Proxy statement filed 22 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.08m 21.67m 0.73
2024 7.40m 7.70m 0.37
2023 644.77k 515.68k 1.00

Ownership

Directors and executive officers, together 10.81%
Entities advised or subadvised by T. Rowe Price Associates, Inc. 12.75%
Entities Associated with Venrock Healthcare Capital Partners 9.99%
Vivo Opportunity Fund Holdings, L.P. 9.99%
Biotechnology Value Fund, L.P. and affiliates 9.99%
RTW Investments, LP 9.99%
Entities of Janus Henderson Investors 9.99%
Entities Affiliated with Vestal Point Capital, LP 8.76%
Christopher T. Giordano 5.86%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. 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

Tenax Therapeutics, Inc. (TENX) Latest News

10 Aug

Impact 5 · · Stocktwits

8 Jan

Impact 4 · · Insider Monkey

12 Nov

Impact 3 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

13 Aug

stockrow.com/TENX · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com