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Anavex Life Sciences (AVXL) Financials

AVXL
FY2025 annual
Revenue Not reported for FY2025
Net Income -$46.4M -7.8% YoY
EPS (Diluted) -$0.54 -3.8% YoY
Operating Cash Flow -$39.0M -26.7% YoY
Market Cap $242.9M as of Sep 12, 2026
Price / Sales n/m no revenue reported
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book 2.2x on $112.4M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AVXL SEC filings page.

This page shows Anavex Life Sciences (AVXL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AVXL FY2025

Anavex's dominant mechanic is R&D-funded development: persistent operating losses consume assets while equity financing supports the balance sheet.

In FY2025, operating cash flow of -$39.0M remained close to net loss of -$46.4M; both worsened from FY2024, so the reported loss tracks cash consumption rather than being mostly an accrual effect. This cash-to-earnings alignment indicates that operating performance is consuming resources directly, not merely reflecting non-cash accounting charges.

The balance sheet is lightly debt-funded: FY2025 liabilities were $8.9M against total equity of $94.9M, with debt-to-equity at 0.1x. Yet total assets fell from $161.6M in FY2021 to $103.8M in FY2025, showing that operating losses have reduced the asset cushion without a corresponding build-up of borrowing.

R&D remained the core spending engine at $37.6M versus SG&A of $13.8M in FY2025, so the cost base is concentrated in development work rather than commercial overhead. Shares outstanding rose from 76.0M in FY2021 to 89.3M in FY2025, while FY2025 financing cash flow was $9.4M; this points to equity-funded operations, with the latest financing inflow smaller than the year's operating cash outflow. The reported cash-and-investment balance equaled 31.5 months of the latest annual operating outflow at FY2025, a liquidity snapshot rather than evidence of operating self-funding.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Anavex Life Sciences does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
1/5

Anavex Life Sciences passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality No Cash Backing
N/A

Anavex Life Sciences reported a net loss of $46.4M while operations used $39.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Anavex Life Sciences reported an operating loss of $51.4M against $4.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Net Income
$7.8M
YoY+159.1%
QoQ+246.6%

Anavex Life Sciences reported $7.8M in net income in Q3 2026. This represents an increase of 159.1% from the same quarter a year earlier. Against the prior quarter it is up 246.6%.

EPS (Diluted)
$0.08
YoY+150.0%
QoQ+233.3%

Anavex Life Sciences earned $0.08 per diluted share (EPS) in Q3 2026. This represents an increase of 150.0% from the same quarter a year earlier. Against the prior quarter it is up 233.3%.

Revenue

Not reported for Q3 2026.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Cash & Debt
$118.3M
YoY+17.0%
QoQ-7.1%
5Y CAGR-5.6%
10Y CAGR+28.4%

Anavex Life Sciences held $118.3M in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding
93M
YoY+7.9%
QoQ0.0%
5Y CAGR+4.1%
10Y CAGR+10.0%

Anavex Life Sciences had 93M shares outstanding in Q3 2026. This represents an increase of 7.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Return on Equity
7.0%
YoY+21.5pp
QoQ+11.3pp

Anavex Life Sciences's ROE was 7.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 21.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.3 percentage points.

Gross Margin

Not reported for Q3 2026.

Operating Margin

Not reported for Q3 2026.

Net Margin

Not reported for Q3 2026.

Capital Allocation

None of these metrics is reported for Q3 2026.

AVXL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVXL quarterly income statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/A
R&D ExpensesN/A$4.2M-57.6%$4.7M-55.4%N/A$10.0M-15.7%$9.9M+1.7%$10.4M+20.3%N/A
SG&A Expenses$2.0M-54.8%$2.3M-12.6%$2.1M-32.4%N/A$4.5M+61.2%$2.6M-9.5%$3.1M+16.8%N/A
Operating Income$6.7M+146.6%-$6.5M+48.2%-$6.8M+50.1%N/A-$14.5M+1.0%-$12.5M+0.9%-$13.6M-19.5%N/A
Interest Expense$1.1M-0.3%$1.1M-12.3%$1.1M-22.6%N/A$1.1M-40.1%$1.2M-31.1%$1.4M-30.6%N/A
Income TaxN/AN/A$18KN/AN/AN/AN/AN/A
Net Income$7.8M+159.1%-$5.3M+52.3%-$5.7M+53.1%N/A-$13.2M-8.4%-$11.2M-6.2%-$12.1M-40.5%N/A
EPS (Basic)$0.08+150.0%-$0.06+53.8%-$0.06+57.1%-$0.11+21.4%-$0.16-14.3%-$0.130.0%-$0.14-27.3%-$0.14-7.7%
EPS (Diluted)$0.08+150.0%-$0.06+53.8%-$0.06+57.1%-$0.11+21.4%-$0.16-14.3%-$0.130.0%-$0.14-27.3%-$0.14-7.7%
Diluted Shares (Avg)92.90B+8.8%93M+8.9%89M+5.0%N/A85.38B+100899.9%85M+3.2%85M+3.3%N/A

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, EBITDA.

AVXL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVXL quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/A
Total Assets$120.1M+17.3%$128.8M+9.9%$133.0M+7.2%$103.8M-23.4%$102.4M-27.6%$117.1M-18.9%$124.0M-16.2%$135.6M-12.2%
Cash & Equivalents$118.3M+17.0%$127.4M+10.1%$131.7M+9.1%$102.6M-22.4%$101.2M-27.1%$115.8M-16.9%$120.8M-16.0%$132.2M-12.5%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$7.7M-33.0%$7.1M-59.4%$6.4M-51.5%$8.9M-41.5%$11.5M-2.4%$17.4M+81.8%$13.1M+5.1%$15.3M+22.1%
Total Equity$112.4M+23.6%$121.7M+22.0%$126.6M+14.2%$94.9M-21.1%$91.0M-29.9%$99.8M-26.1%$110.9M-18.2%$120.3M-15.2%
Retained Earnings-$385.6M-3.5%-$393.5M-9.5%-$388.1M-11.5%-$382.4M-13.8%-$372.6M-14.8%-$359.4M-15.1%-$348.2M-15.4%-$336.1M-14.7%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

AVXL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVXL quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/A
Operating Cash Flow-$9.1M+27.0%-$4.4M+24.2%-$7.2M+41.0%-$8.6M-29.2%-$12.5M-140.6%-$5.9M+49.8%-$12.1M-65.6%-$6.7M-13.8%
Stock-Based Compensation-$17.1M-495.1%$314K-78.3%$1.1M-46.1%N/A$4.3M+73.8%$1.4M-45.4%$2.1M-10.1%N/A
Financing Cash Flow$0+100.0%$113K-86.7%$36.3M+5030.4%$10.0M+11155.1%-$2.1M-147.1%$852K-88.3%$708K+1100.0%$89K-95.7%

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.

AVXL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVXL quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/A
Return on Equity7.0%+21.5pp-4.4%+6.8pp-4.5%+6.4ppN/A-14.6%-5.2pp-11.2%-3.4pp-10.9%-4.6ppN/A
Return on Assets6.5%+19.4pp-4.2%+5.4pp-4.3%+5.5ppN/A-12.9%-4.3pp-9.6%-2.3pp-9.8%-3.9ppN/A
Debt-to-Equity0.07-0.1x0.06-0.1x0.05-0.1x0.090.0x0.130.0x0.17+0.1x0.120.0x0.130.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Anavex Life Sciences AVXL FY2025 N/A -$46.4M N/A $242.9M
Zenas BioPharma, Inc. ZBIO FY2025 $10.0M -$377.7M N/A $2.0B 36/100
Praxis Precision Medicines, Inc. PRAX FY2025 $0 -$303.0M N/A $9.3B
Geron Corp GERN FY2025 N/A -$83.5M N/A $867.3M
ArriVent BioPharma, Inc. AVBP FY2025 N/A -$166.3M N/A $1.4B
Tango Therapeutics, Inc. TNGX FY2025 $62.4M -$101.6M N/A $4.0B 65/100

Frequently Asked Questions

Is Anavex Life Sciences profitable?

No, Anavex Life Sciences (AVXL) reported a net income of -$46.4M in fiscal year 2025.

What is Anavex Life Sciences's earnings per share (EPS)?

Anavex Life Sciences (AVXL) reported diluted earnings per share of -$0.54 for fiscal year 2025. This represents a -3.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Anavex Life Sciences's return on equity (ROE)?

Anavex Life Sciences (AVXL) has a return on equity of -48.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Anavex Life Sciences (AVXL) recorded an outflow of $39.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Anavex Life Sciences (AVXL) had $103.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Anavex Life Sciences (AVXL) invested $37.6M in research and development during fiscal year 2025.

Anavex Life Sciences (AVXL) had 89M shares outstanding as of fiscal year 2025.

Anavex Life Sciences (AVXL) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Anavex Life Sciences (AVXL) had a return on assets of -44.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Anavex Life Sciences (AVXL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $242.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Anavex Life Sciences (AVXL) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $242.9M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2025, Anavex Life Sciences (AVXL) held $102.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $39.0M over that year. Dividing the one by the other, the reported balance equals about 32 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Anavex Life Sciences (AVXL) has a Piotroski F-Score of 1 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Anavex Life Sciences (AVXL) reported a net loss of $46.4M while operations used $39.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Anavex Life Sciences (AVXL) reported an operating loss of $51.4M against $4.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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