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Other financials

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

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Market cap$1.22B+167%
Enterprise value$1.23B+167%
P/S14.1×+6.2×

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

Reported directly by Eton Pharmaceuticals, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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
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
Income (loss) from operations2,414(470)
Other expense:

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FAQ

What is Eton Pharmaceuticals, Inc.'s R&D?
Eton Pharmaceuticals, Inc. (ETON) reported R&D of $1.88M in Q1 2026.
How has Eton Pharmaceuticals, Inc.'s R&D changed year-over-year?
Eton Pharmaceuticals, Inc.'s R&D increased by 61.5% year-over-year, from $1.16M to $1.88M.
What is the long-term trend for Eton Pharmaceuticals, Inc.'s R&D?
Over 3 years (2021 to 2025), Eton Pharmaceuticals, Inc.'s R&D has grown at a 7.6% compound annual growth rate (CAGR), from $6.24M to $7.77M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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