Eton Pharmaceuticals, Inc. (ETON)

Eton Pharmaceuticals Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	70.32	39.01	31.64	21.25	21.83	0.04
Revenue Growth (YoY)	102.77%	23.29%	48.90%	-2.66%	55879.49%	-95.93%
Cost of Revenue	34.2	15.6	10.58	6.93	2.83	0.44
Gross Profit	36.12	23.41	21.06	14.32	19.01	-0.4
Selling, General & Admin	33.68	22.75	18.93	18.58	14.27	12.61
Research & Development	5.11	3.26	3.32	4	6.24	14.1
Total Operating Expenses	38.8	26.01	22.25	22.58	20.5	26.71
Operating Income	-2.68	-2.6	-1.19	-8.26	-1.5	-27.11
Total Non-Operating Income (Expense)	-3.8	-1.21	0.5	-0.76	-0.46	-0.86
Pretax Income	-6.48	-3.81	-0.69	-9.02	-1.96	-27.97
Provision for Income Taxes	-0.2	-0.02	-0.25	-	-	-
Net Income	-6.68	-3.82	-0.94	-9.02	-1.96	-27.97
Net Income to Common	-6.68	-3.82	-0.94	-9.02	-1.96	-27.97
Shares Outstanding (Basic)	27	26	26	25	25	21
Shares Outstanding (Diluted)	27	26	26	25	25	21
Shares Change (YoY)	2.87%	0.97%	1.98%	-0.24%	19.98%	18.29%
EPS (Basic)	-0.25	-0.15	-0.04	-0.36	-0.08	-1.33
EPS (Diluted)	-0.25	-0.15	-0.04	-0.36	-0.08	-1.33
Free Cash Flow	21.01	0.94	6.82	4.78	-4.73	-22.4
Free Cash Flow Growth	2128.42%	-86.16%	42.48%	-	-	-
Free Cash Flow Per Share	0.79	0.04	0.27	0.19	-0.19	-1.07
Gross Margin	51.36%	60.01%	66.56%	67.38%	87.05%	-1017.95%
Operating Margin	-3.81%	-6.66%	-3.77%	-38.87%	-6.85%	-69515.38%
Profit Margin	-9.50%	-9.80%	-2.96%	-42.45%	-8.95%	-71717.95%
FCF Margin	29.89%	2.42%	21.54%	22.51%	-21.67%	-57425.64%
EBITDA	0.7	-1.45	-0.29	-6.49	-1.03	-26.46
EBITDA Margin	1.00%	-3.72%	-0.92%	-30.52%	-4.73%	-67846.15%
EBIT	-2.68	-2.6	-1.19	-8.26	-1.5	-27.11
EBIT Margin	-3.81%	-6.66%	-3.77%	-38.87%	-6.85%	-69515.38%
Effective Tax Rate	3.07%	0.39%	35.85%	0.00%	0.00%	0.00%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q