Clene Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $200,000 | $342,000 | $654,000 | $473,000 | $723,000 |
| Cost of revenue | $43,000 | $70,000 | $121,000 | $26,000 | $289,000 |
| Research and development | $14.0M | $20.1M | $26.7M | $31.9M | $28.4M |
| Operating expenses | — | — | — | — | $50.7M |
| Operating income | -$23.1M | -$33.1M | -$40.5M | -$48.4M | -$50.0M |
| Interest expense | $2.7M | $4.1M | $4.6M | $3.3M | $870,000 |
| Pretax income | -$26.2M | -$39.4M | -$49.5M | -$29.9M | -$10.2M |
| Income tax expense | $0 | $0 | $0 | $0 | -$428,000 |
| Net income | -$26.2M | -$39.4M | -$49.5M | -$29.9M | -$9.7M |
| Balance Sheet | |||||
| Cash and equivalents | $5.2M | $12.2M | $28.8M | $18.3M | $50.3M |
| Current assets | $9.0M | $16.2M | $38.9M | $29.2M | $54.6M |
| Total assets | $18.1M | $27.3M | $52.3M | $44.5M | $63.1M |
| Current liabilities | $10.8M | $10.3M | $25.3M | $13.9M | $6.0M |
| Total liabilities | $35.7M | $36.2M | $39.0M | $41.3M | $50.5M |
| Total debt | $17.6M | $5.5M | $16.9M | $16.5M | — |
| Stockholders' equity | -$17.6M | -$8.9M | $13.4M | $3.2M | $12.6M |
| Cash Flow Statement | |||||
| Cash from operations | -$18.5M | -$21.3M | -$30.2M | -$39.0M | -$34.6M |
| Depreciation and amortization | $1.5M | $1.6M | $1.7M | $1.0M | $955,000 |
| Stock-based compensation | $6.4M | $8.0M | $9.1M | $8.5M | $12.4M |
| Capital expenditure | $39,000 | $15,000 | $330,000 | $5.2M | $1.3M |
| Free cash flow | -$18.6M | -$21.3M | -$30.5M | -$44.2M | -$36.0M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 12.8M · Free float 99.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.