DELCATH SYSTEMS, 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 | $85.2M | $37.2M | $2.1M | $2.7M | $3.6M |
| Cost of revenue | $11.8M | $6.2M | $635,000 | $686,000 | $671,000 |
| Gross profit | $73.4M | $31.0M | $1.4M | $2.0M | $2.9M |
| Selling, general & administrative | $43.5M | $29.6M | $22.1M | $17.3M | $13.6M |
| Research and development | $29.2M | $13.9M | $17.5M | $18.6M | $13.8M |
| Operating expenses | $72.8M | $43.4M | $39.6M | $35.9M | $27.4M |
| Operating income | $660,000 | -$12.4M | -$38.2M | -$33.9M | -$24.5M |
| Pretax income | $3.5M | -$26.4M | -$47.7M | -$36.5M | -$25.6M |
| Income tax expense | $810,000 | $0 | $0 | $0 | $0 |
| Net income | $2.7M | -$26.4M | -$47.7M | -$36.5M | -$25.6M |
| Balance Sheet | |||||
| Cash and equivalents | $43.5M | $32.4M | $12.6M | $7.7M | $22.8M |
| Current assets | $119.5M | $73.8M | $37.2M | $16.2M | $31.2M |
| Total assets | $123.6M | $76.6M | $38.6M | $17.9M | $33.1M |
| Current liabilities | $10.9M | $6.1M | $16.4M | $14.7M | $6.0M |
| Total liabilities | $12.4M | $7.8M | $22.8M | $23.7M | $21.2M |
| Total debt | — | $0 | $10.6M | $16.9M | — |
| Stockholders' equity | $111.2M | $68.7M | $15.8M | -$5.9M | $12.0M |
| Cash Flow Statement | |||||
| Cash from operations | $22.5M | -$18.7M | -$31.3M | -$24.9M | -$22.6M |
| Depreciation and amortization | $238,000 | $134,000 | $128,000 | $132,000 | $146,000 |
| Stock-based compensation | $24.2M | $9.8M | $8.2M | $7.9M | — |
| Capital expenditure | $1.5M | $559,000 | $58,000 | $209,000 | $143,000 |
| Free cash flow | $21.0M | -$19.2M | -$31.3M | -$25.2M | -$22.7M |
| Share repurchases | $6.0M | $0 | — | — | — |
Shares outstanding 34.5M · Free float 56.6%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.