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Eton Pharmaceuticals, Inc.

ETON

Eton Pharmaceuticals is an innovative pharmaceutical company dedicated to the development and commercialization of treatments for rare diseases.

Market cap
$1.02B+145%
Revenue$86.9M+79.9%
Net income-$4.5M-18.5%
Free cash flow$29.1M+1,588%
EPS (diluted)-$0.06-700%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$26.9M
EPS estimate$0.13

Financials

Q1 2026

Income statement

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Revenue$24.3M+40.4%
Gross profit$14.7M+49.4%
Operating income$2.4M+614%
Net income$1.6M+199%
EPS (diluted)$0.05+183%

Balance sheet

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Cash & equivalents$19.7M+12.9%
Total debt$31.3M+3.7%
Total equity$30.6M+25.2%
Total assets$97.7M+16.3%

Cash flow

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Operating cash flow$7.4M+254%
CapEx$75.0K
Free cash flow$7.3M+251%

Valuation & ratios

Valuation

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Market cap$1.02B+145%
Enterprise value$1.03B+164%
P/S11.8×+5.1×

Profitability

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Gross margin54.8%-3.7pp

Returns & leverage

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Debt / equity-0.2×
Current ratio1.2×-0.8×

Competitors

Profile

Eton Pharmaceuticals is an innovative pharmaceutical company dedicated to the development and commercialization of treatments for rare diseases. The company leverages the 505(b)(2) regulatory pathway to expedite drug development by utilizing existing clinical data for new formulations or indications. Its core value proposition centers on identifying under-appreciated assets and managing them through the regulatory process to provide accurate dosing and improved administration for orphan disease populations.

Competitive position

Eton occupies a niche position as a specialist in rare disease treatments, utilizing the 505(b)(2) pathway to compete against both large pharmaceutical firms and generic manufacturers.

GeographiesUnited States, European Union
Customer segmentsSpecialty Pharmacies, Healthcare Providers, Rare Disease Patients
Business modelProduct-based, Licensing, Research and Development
SuppliersContract Manufacturing Organizations (CMOs), Contract Research Organizations (CROs), Active Pharmaceutical Ingredient (API) Suppliers, Third-party Logistics Providers
CustomersSpecialty Pharmacies, Hospitals, Wholesalers, Distributors
Listed2018
Employees30.0
CEOSean E. Brynjelsen
FilingsSEC EDGAR

Questions, answered.

What is Eton Pharmaceuticals, Inc.'s market cap?
Eton Pharmaceuticals, Inc. (ETON) has a market capitalization of $1.0B and trades on NASDAQ.
What is Eton Pharmaceuticals, Inc.'s revenue and profitability?
Eton Pharmaceuticals, Inc. generated $86.9M in trailing twelve-month revenue with a net loss of $4.5M, representing a net margin of -9.5%. Gross margin stands at 54.8%, with free cash flow of $29.1M. These figures are based on the Q1 2026 filing.
Who are Eton Pharmaceuticals, Inc.'s competitors?
Eton Pharmaceuticals, Inc.'s key competitors include Takeda Pharmaceutical, Xeris Biopharma Holdings, Inc. Common Stock, ANI Pharmaceuticals, Inc., and others. These companies compete in similar markets and product categories.
Who does Eton Pharmaceuticals, Inc. partner with?
Eton Pharmaceuticals, Inc.'s notable partners include AMMTeK, Crossject.
Where is Eton Pharmaceuticals, Inc. headquartered?
Eton Pharmaceuticals, Inc. is headquartered in United States of America and employs approximately 30 people. It has been publicly traded since 2018.