The Tip Desk

Eton Pharmaceuticals, Inc.

Company Stats

Market Cap
$1.5B
as of Sep 30, 2026
Shares Outstanding
28.6M
Free Float
72.4%

Income Statement

Revenue
$80.0M
Operating Income
-$844,000
Net Income
-$4.6M
EBITDA
-$803,000
Revenue Growth, 3Y
55.5%
FCF Margin, 3Y Avg
12.2%
FCF Margin, Worst Year
2.4%

Cash Flow

Free Cash Flow
$10.2M
FCF Yield
0.7%
Owner FCF Yield
0.3%

Balance Sheet

Cash & Equivalents
$25.9M

Returns & Capital

SBC, 3Y Avg
$3.9M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$80.0M$10.2M12.7%
FY2024$39.0M$943,0002.4%
FY2023$31.6M$6.8M21.5%
FY2022$21.3M$4.8M22.5%
FY2021$21.8M-$4.7M-21.7%

Annual filing data through FY ended December 31, 2025; shares and float as of November 3, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage