Sunday 18 October 2026
Export TNXP’s income statement to Excel — free account
Tonix Pharmaceuticals Holding Corp.
TNXP Healthcare Biotechnology
Tonix Pharmaceuticals Holding Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.1 million, up 29.8% from fiscal 2024. In the quarter to June 2026, revenue grew 577.9%, EPS grew 36.8% and free cash flow fell 178.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
6.04
0.38
−5.92%
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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 | 224,000,000.00 | 182,400,000.00 | 10,880,000.00 | 550,400.00 | 249,600.00 | 230,400.00 | 5,800.00 | 1,152.00 | 12.00 | 6.76 |
Analyst estimates 2026–2028 Powerpack |
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| High | 5,088,000,000.00 | 601,600,000.00 | 327,040,000.00 | 26,880,000.00 | 1,574,400.00 | 1,356,800.00 | 275,200.00 | 31,400.00 | 1,408.00 | 69.97 | |||||
| People | |||||||||||||||
| People | Employees | 18 | 14 | 12 | 16 | 26 | 73 | 117 | 76 | 57 | 142 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.18 | 0.09 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 8 | 10 | 13 | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38.97 | 23.07 | 49.34 | |||||
| EBT | (39) | (21) | (26) | (29) | (50) | (92) | (110) | (117) | (130) | (124) | |||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (1,501.78) | (1,288.25) | (946.22) | |||||
| Net income | (39) | (21) | (26) | (29) | (50) | (92) | (110) | (117) | (130) | (124) | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 4 | 2 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 983.29 | 13.71 | 1.54 | ||||
| Earnings | (15.41) | (31.67) | (230.88) | (17.79) | (0.53) | (165,868.80) | (65,295.53) | (14,720.25) | (176.60) | (14.57) | |||||
| Cash flow | (14.80) | (28.68) | (212.13) | (16.58) | (0.51) | (125,928.33) | (54,473.89) | (12,911.77) | (82.74) | (11.73) | |||||
| Capex | (0.03) | (0.01) | (0.05) | (0.01) | (0.09) | (58,845.00) | (26,748.33) | (872.91) | (0.16) | (0.40) | |||||
| Free cash flow | (14.83) | (28.69) | (212.19) | (16.59) | (0.60) | (184,773.33) | (81,222.22) | (13,784.68) | (82.91) | (12.13) | |||||
| Book value | 10.06 | 36.91 | 209.42 | 5.85 | 0.93 | 364,528.33 | 115,101.11 | 13,357.59 | 189.54 | 28.80 | |||||
| Shares, m | 3 | 1 | 0 | 2 | 95 | 0 | 0 | 0 | 1 | 9 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | 0.00 | 2.41 | 10.14 | |||||
| P/B | — | — | — | — | — | — | — | 0.10 | 0.17 | 0.54 | |||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | (6.64) | (5.13) | |||||
| EV/FCF | — | — | — | — | — | — | — | 0.05 | 1.10 | 0.65 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (37) | (19) | (24) | (27) | (49) | (76) | (98) | (102) | (61) | (100) | ||||
| Capex | 0 | 0 | 0 | 0 | (9) | (35) | (48) | (7) | 0 | (3) | |||||
| Free cash flow | (37) | (19) | (24) | (27) | (57) | (111) | (146) | (109) | (61) | (103) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 25 | 24 | 23 | 9 | 78 | 167 | 113 | 29 | 101 | 198 | ||||
| Total debt | — | — | — | 0 | 1 | 1 | 1 | 9 | 7 | — | |||||
| Net debt | (26) | (25) | (25) | (11) | (76) | (178) | (119) | (16) | (91) | (208) | |||||
| Shareholders’ equity | 25 | 25 | 24 | 9 | 88 | 219 | 207 | 106 | 140 | 245 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (104.23) | (77.85) | (110.62) | (152.12) | (92.56) | (54.43) | (50.10) | (61.38) | (81.95) | (56.37) | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | (265.49) | (140.67) | (79.87) | (82.68) | (177.00) | (209.43) | |||||
| ROE | (118.38) | (84.53) | (121.60) | (187.97) | (107.50) | (60.25) | (54.88) | (74.61) | (106.12) | (64.48) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Tonix Pharmaceuticals Holding Corp. 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 |
|---|---|---|---|---|---|---|---|---|---|
| ENGN enGene Therapeutics Inc | $114.6M | — (loss-making) | — | — | n/m | +28.07% (above 0%: growing) | — | 0.00% | Compare |
| SEER Seer, Inc. | $113.0M | — (loss-making) | — (loss-making) | −23.43% (below 0%: shrinking) | n/m | +36.73% (above 0%: growing) | 48.55% | (542.91%) | Compare |
| FHTX Foghorn Therapeutics Inc. | $112.2M | — (loss-making) | — (loss-making) | +112.68% (above 0%: growing) | n/m | +14.88% (above 0%: growing) | 100.00% | (54.78%) | Compare |
| GNLX Genelux Corporation | $112.2M | — (loss-making) | — (loss-making) | — | n/m | −11.18% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| LENZ LENZ Therapeutics, Inc. | $112.2M | — (loss-making) | — (loss-making) | +9.72% (above 0%: growing) | n/m | −229.66% (below 0%: shrinking) | 94.90% | (622.89%) | Compare |
| TNXP Tonix Pharmaceuticals Holding Corp. | $110.1M | — (loss-making) | — (loss-making) | +577.88% (above 0%: growing) | n/m | −178.84% (below 0%: shrinking) | 94.81% | (314.05%) | |
| VTVT vTv Therapeutics Inc. | $109.1M | — (loss-making) | — (loss-making) | +409,222.22% (above 0%: growing) | n/m | −124.59% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| CYTT Cyteir Therapeutics, Inc. | $108.7M | — (loss-making) | — | — | n/m | +63.78% (above 0%: growing) | 0.00% | 0.00% | Compare |
| INO Inovio Pharmaceuticals, Inc. | $107.5M | — (loss-making) | — (loss-making) | −83.19% (below 0%: shrinking) | n/m | +13.41% (above 0%: growing) | 100.00% | 0.00% | Compare |
| Median of peers | $112.2M | — | — | +9.72% | — | +14.15% | 100.00% | 0.00% |
Tonix Pharmaceuticals Holding Corp. (TNXP) key facts
- Strength: Tonix Pharmaceuticals Holding Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.1 million, up 29.8% from fiscal 2024.
- Tonix Pharmaceuticals Holding Corp. (TNXP) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, TNXP traded at $6.04, a market capitalization of $110.1 million.
- Return on equity was −64.5% and debt-to-equity 0.00.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −2.42 (distress zone) for fiscal 2025.