Longeveron 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 | $1.2M | $2.4M | $709,000 | $1.2M | $1.3M |
| Cost of revenue | $396,000 | $508,000 | $488,000 | $725,000 | $716,000 |
| Gross profit | $803,000 | $1.9M | $221,000 | $497,000 | $590,000 |
| Research and development | $12.0M | $8.1M | $9.1M | $9.4M | $7.1M |
| Operating expenses | $24.1M | $18.4M | $21.2M | $18.5M | $18.0M |
| Operating income | -$23.3M | -$16.5M | -$21.0M | -$18.0M | -$17.5M |
| Interest expense | — | — | — | $1.4M | — |
| Income tax expense | $0 | $0 | $0 | $0 | — |
| Net income | -$22.7M | -$16.0M | -$21.4M | -$18.8M | -$17.0M |
| Balance Sheet | |||||
| Cash and equivalents | $4.7M | $19.2M | $4.9M | $10.5M | $25.7M |
| Current assets | $5.5M | $19.6M | $5.8M | $20.3M | $35.4M |
| Total assets | $10.3M | $25.6M | $12.1M | $27.4M | $42.8M |
| Current liabilities | $4.1M | $2.6M | $3.9M | $4.9M | $2.7M |
| Total liabilities | $4.6M | $3.7M | $5.3M | $6.9M | $5.3M |
| Total debt | — | — | — | $2.0M | $2.6M |
| Stockholders' equity | $5.7M | $21.9M | $6.7M | $20.5M | $37.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$18.6M | -$13.9M | -$19.0M | -$14.0M | -$9.6M |
| Depreciation and amortization | $800,000 | $700,000 | $700,000 | $700,000 | $1 |
| Stock-based compensation | $1.7M | $2.3M | $2.0M | $2.2M | $1.3M |
| Capital expenditure | $245,000 | $655,000 | $301,000 | $569,000 | $330,000 |
| Free cash flow | -$18.9M | -$14.5M | -$19.3M | -$14.5M | -$10.0M |
| Impairments | $0 | $0 | $300,000 | — | — |
Shares outstanding 31.1M · Free float 67.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.