Azitra, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 06/30/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $0 | — | $7,500 | $686,000 | $284,000 |
| Research and development | $4.8M | — | $4.7M | $3.6M | $6.1M |
| Operating expenses | $11.0M | — | $11.0M | $8.1M | $9.7M |
| Operating income | -$11.0M | — | -$11.0M | -$7.5M | -$9.5M |
| Interest expense | $7,587 | — | $12,160 | $167,726 | $251,891 |
| Pretax income | -$10.9M | — | -$9.0M | -$11.3M | -$10.7M |
| Income tax expense | $8,319 | — | $9,031 | $17,308 | — |
| Net income | -$11.0M | — | -$9.0M | -$11.3M | -$10.7M |
| Balance Sheet | |||||
| Cash and equivalents | $2.1M | — | $4.6M | $1.8M | $3.5M |
| Current assets | $3.0M | — | $5.2M | $2.5M | $4.1M |
| Total assets | $5.0M | — | $7.4M | $5.1M | $7.2M |
| Current liabilities | $1.1M | — | $1.4M | $1.6M | $2.2M |
| Total liabilities | $1.2M | — | $1.7M | $2.2M | $9.7M |
| Stockholders' equity | $3.8M | $2.2M | $5.7M | $2.9M | -$36.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$11.2M | — | -$10.2M | -$7.4M | -$8.3M |
| Depreciation and amortization | $138,069 | — | $131,188 | $129,653 | $125,885 |
| Stock-based compensation | $62,744 | — | $245,053 | $151,505 | $184,465 |
| Capital expenditure | $24,213 | — | $8,569 | $26,544 | $33,101 |
| Free cash flow | -$11.2M | — | -$10.2M | -$7.4M | -$8.4M |
| Impairments | $0 | — | $442,793 | $78,606 | — |
Shares outstanding 16.2M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.