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Other financials

Income statement

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Revenue$24.3M+40.4%
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

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Market cap$1.26B+209%
Enterprise value$1.28B+208%
P/S14.6×+7.5×

Profitability

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Gross margin54.8%-3.7pp
Operating margin-15.1%
Net margin-9.5%-2.7pp
FCF margin17.1%

Returns & leverage

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Return on equity-34.2%+0.9pp
Debt / equity-0.2×
Current ratio1.2×-0.8×

Where this comes from

Calculated from Eton Pharmaceuticals, Inc.’s reported figures.

The source filing: Eton Pharmaceuticals, Inc.’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-017064
Line itemFor the three months ended / March 31, 2026For the three months ended / March 31, 2025
Licensing revenue825
Product sales and royalties9,5316,596
Total cost of sales9,5317,421
Gross profit14,7359,861
Operating expenses:
Research and development1,8751,161
General and administrative10,4469,170
Total operating expenses12,32110,331

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FAQ

What is Eton Pharmaceuticals, Inc.'s gross profit?
Eton Pharmaceuticals, Inc. (ETON) reported gross profit of $14.74M in Q1 2026.
How has Eton Pharmaceuticals, Inc.'s gross profit changed year-over-year?
Eton Pharmaceuticals, Inc.'s gross profit increased by 49.4% year-over-year, from $9.86M to $14.74M.
What is the long-term trend for Eton Pharmaceuticals, Inc.'s gross profit?
Over 4 years (2021 to 2025), Eton Pharmaceuticals, Inc.'s gross profit has grown at a 22.4% compound annual growth rate (CAGR), from $19.04M to $42.74M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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