PALATIN TECHNOLOGIES INC
Financial highlights
| Metric | FY 06/30/25 | FY 06/30/24 | FY 06/30/23 | FY 06/30/22 | FY 06/30/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $0 | $4.5M | $4.9M | $1.5M | -$188,597 |
| Cost of revenue | — | $97,637 | $418,470 | $217,529 | $147,840 |
| Selling, general & administrative | $7.8M | $12.3M | $15.3M | $16.5M | — |
| Research and development | $14.9M | $22.4M | $22.6M | $21.3M | $12.9M |
| Operating expenses | $17.5M | $27.0M | $37.3M | $38.1M | $33.2M |
| Operating income | -$17.5M | -$22.5M | -$32.5M | -$36.6M | -$33.4M |
| Interest expense | $15,025 | $17,114 | $20,013 | $29,682 | $23,440 |
| Pretax income | — | — | -$32.2M | -$36.2M | — |
| Income tax expense | — | $0 | -$4.7M | $0 | — |
| Net income | -$17.3M | -$29.7M | -$24.0M | -$36.2M | -$33.6M |
| Balance Sheet | |||||
| Cash and equivalents | $2.6M | $9.5M | $11.0M | $29.9M | $60.1M |
| Current assets | $2.9M | $9.8M | $16.3M | $34.6M | $65.9M |
| Total assets | $3.3M | $10.7M | $17.9M | $36.1M | $67.3M |
| Current liabilities | $8.0M | $9.7M | $15.1M | $16.3M | $10.5M |
| Total liabilities | $8.0M | $10.9M | $19.7M | $19.8M | $17.6M |
| Stockholders' equity | -$4.8M | -$111,497 | -$2.0M | $16.3M | $49.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$21.3M | -$31.5M | -$29.3M | -$29.9M | -$93,638 |
| Depreciation and amortization | $258,917 | $339,075 | $288,331 | $126,668 | $51,121 |
| Stock-based compensation | $1.4M | $1.9M | $1.7M | $2.5M | $3.2M |
| Capital expenditure | $0 | $42,526 | $433,927 | $261,374 | $5,722 |
| Free cash flow | -$21.3M | -$31.5M | -$29.7M | -$30.2M | -$99,360 |
Shares outstanding 1.8M · Free float 74.6%
Annual filing data through FY ended June 30, 2025; float as of July 11, 2026.