Palatin Tech Financials
Palatin Tech (PTN) reported $0 in revenue for fiscal year 2025, down 100.0% from the prior fiscal year. This page shows its 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).
Palatin's reported profits are disconnected from operating cash generation, leaving development spending dependent on financing rather than revenue.
Across FY2023 and FY2024, net income was positive while operating income and operating cash flow remained negative. That repeated divergence makes the bottom line a poor proxy for the cash economics of the underlying business.
In FY2024, operating cash flow was
From FY2022 through FY2024, revenue remained below
Financial Health Signals
Palatin Tech does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Palatin Tech generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Palatin Tech held $2.6M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
Palatin Tech invested $14.9M in research and development in fiscal year 2025. This represents a decrease of 33.5% from the prior year.
Palatin Tech reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
PTN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $0-100.0% | $4.5M-7.5% | $4.9M+230.5% | $1.5M | N/A | $118K-99.8% | $60.3M-10.2% | $67.1M0.0% | $67.1M | $0 | N/A | N/A | $10K-85.9% | $74K-95.0% | $1.5M |
| Cost of Revenue | N/A | N/A | $98K-76.7% | $418K+92.4% | $218K+47.1% | $148K | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | $4.4M-1.0% | $4.4M+254.6% | $1.3M+471.8% | -$336K-385.1% | $118K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | $14.9M-33.5% | $22.4M-1.0% | $22.6M+6.1% | $21.3M+65.0% | $12.9M-7.4% | $14.0M-6.0% | $14.9M-54.4% | $32.6M0.0% | $32.6M-24.4% | $43.1M+75.4% | $24.6M+126.8% | $10.8M+2.8% | $10.5M-23.8% | $13.8M+33.1% | $10.4M |
| SG&A Expenses | N/A | $7.8M-36.4% | $12.3M-19.8% | $15.3M-7.4% | $16.5M-4.8% | $17.3M+77.5% | $9.8M+0.7% | $9.7M+12.2% | $8.6M0.0% | $8.6M+39.9% | $6.2M+8.8% | $5.7M+14.5% | $5.0M-2.1% | $5.1M+0.4% | $5.0M+6.2% | $4.8M |
| Operating Income | N/A | N/A | -$22.5M+30.7% | -$32.5M+11.3% | -$36.6M-9.6% | -$33.4M-41.4% | -$23.6M-166.0% | $35.7M+37.9% | $25.9M0.0% | $25.9M+152.6% | -$49.3M-184.9% | -$17.3M-9.5% | -$15.8M-1.3% | -$15.6M+17.0% | -$18.8M-37.6% | -$13.7M |
| Interest Expense | N/A | $15K-12.2% | $17K-14.5% | $20K-32.6% | $30K+26.6% | $23K+16.4% | $20K-95.2% | $418K-71.2% | $1.5M0.0% | $1.5M-42.2% | $2.5M+279.8% | $662K+10553.6% | $6K-26.2% | $8K-19.2% | $10K-1.8% | $11K |
| Income Tax | N/A | N/A | $0+100.0% | -$4.7M | $0 | N/A | $0 | $0-100.0% | $83K0.0% | $83K | $0+100.0% | -$532K+71.2% | -$1.8M-5.3% | -$1.8M-64.1% | -$1.1M-67.6% | -$637K |
| Net Income | N/A | N/A | $29.7M-18.0% | $36.2M+200.0% | -$36.2M-7.7% | -$33.6M-49.8% | -$22.4M-162.7% | $35.8M+44.8% | $24.7M0.0% | $24.7M+147.8% | -$51.7M-192.7% | -$17.7M-26.8% | -$13.9M+33.2% | -$20.9M-20.9% | -$17.3M-34.6% | -$12.8M |
| EPS (Diluted) | — | -$32.15 | -$101.16 | N/A | N/A | N/A | -$0.10-162.5% | $0.16+33.3% | $0.120.0% | $0.12 | -$0.33 | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PTN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3M-69.6% | $10.7M-40.1% | $17.9M-50.3% | $36.1M-46.4% | $67.3M-20.9% | $85.1M-18.8% | $104.7M+168.4% | $39.0M-31.3% | $56.8M+423.4% | $10.9M-63.2% | $29.5M+134.7% | $12.6M-49.9% | $25.1M+366.0% | $5.4M-74.6% | $21.2M |
| Current Assets | $2.9M-70.1% | $9.8M-40.1% | $16.3M-52.8% | $34.6M-47.5% | $65.9M-21.2% | $83.6M-19.9% | $104.4M+171.1% | $38.5M-31.9% | $56.6M+428.9% | $10.7M-63.4% | $29.2M+136.6% | $12.3M-50.1% | $24.7M+422.5% | $4.7M-75.4% | $19.3M |
| Cash & Equivalents | $2.6M-73.1% | $9.5M-13.2% | $11.0M-63.3% | $29.9M-50.2% | $60.1M-27.5% | $82.9M+90.4% | $43.5M+14.5% | $38.0M-5.5% | $40.2M+402.3% | $8.0M-70.7% | $27.3M+124.0% | $12.2M-36.4% | $19.2M+400.8% | $3.8M-79.7% | $18.9M |
| Inventory | N/A | $0-100.0% | $526K-44.3% | $944K-18.7% | $1.2M | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $0 | $0-100.0% | $2.9M+63.8% | $1.8M+12.6% | $1.6M | $0-100.0% | $60.3M | $0-100.0% | $15.1M | $0 | N/A | $0 | N/A | N/A | N/A |
| Total Liabilities | $8.0M-25.9% | $10.9M-44.8% | $19.7M-0.7% | $19.8M+12.2% | $17.6M+261.5% | $4.9M+16.6% | $4.2M-65.3% | $12.1M-80.6% | $62.0M+118.0% | $28.4M+64.7% | $17.3M+523.4% | $2.8M+32.2% | $2.1M-41.0% | $3.5M+19.1% | $3.0M |
| Current Liabilities | $8.0M-17.1% | $9.7M-36.2% | $15.1M-6.9% | $16.3M+54.7% | $10.5M+167.6% | $3.9M-6.2% | $4.2M-61.1% | $10.8M-80.4% | $55.0M+295.9% | $13.9M+88.7% | $7.4M+165.5% | $2.8M+34.5% | $2.1M-40.4% | $3.5M+23.2% | $2.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $333K0.0% | $333K-94.7% | $6.3M-55.5% | $14.1M+44.2% | $9.8M | $0 | N/A | N/A | N/A |
| Total Equity | -$4.8M-4184.5% | -$111K+94.4% | -$2.0M-112.2% | $16.3M-67.2% | $49.7M-38.1% | $80.2M-20.3% | $100.5M+272.9% | $27.0M+622.1% | -$5.2M+70.6% | -$17.6M-244.1% | $12.2M+24.7% | $9.8M-57.4% | $23.0M+1155.0% | $1.8M-89.9% | $18.2M |
| Retained Earnings | -$459.1M-3.9% | -$441.8M-7.2% | -$412.0M-6.2% | -$388.0M-10.3% | -$351.8M-10.6% | -$318.2M-7.6% | -$295.8M+10.9% | -$332.0M+6.9% | -$356.7M-3.9% | -$343.4M-17.7% | -$291.7M-6.4% | -$274.0M-5.4% | -$260.1M-8.7% | -$239.2M-7.8% | -$222.0M |
Not reported in any period shown, so not listed: Goodwill.
PTN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$14.9M | N/A | -$31.5M-7.5% | -$29.3M+2.2% | -$29.9M-31855.8% | -$94K-100.2% | $41.3M+289.7% | -$21.8M-1379.0% | $1.7M-86.8% | $12.9M+127.2% | -$47.4M-254.6% | -$13.4M-9.4% | -$12.2M+10.6% | -$13.6M+11.9% | -$15.5M-40.4% | -$11.0M |
| Capital Expenditures | N/A | $0-100.0% | $43K-90.2% | $434K+66.0% | $261K+4467.9% | $6K-90.9% | $63K+74.0% | $36K+61.0% | $22K-83.2% | $133K+653.9% | $18K | $0-100.0% | $6K-89.5% | $60K | $0 | N/A |
| Free Cash Flow | N/A | N/A | -$31.5M-6.1% | -$29.7M+1.6% | -$30.2M-30278.5% | -$99K-100.2% | $41.3M+289.1% | -$21.8M-1398.2% | $1.7M-86.8% | $12.7M+126.9% | -$47.4M-254.7% | -$13.4M-9.4% | -$12.2M+10.9% | -$13.7M+11.5% | -$15.5M | N/A |
| Investing Cash Flow | N/A | $3.1M-74.9% | $12.5M+463.3% | -$3.4M-1211.1% | -$261K-4467.9% | -$6K+90.9% | -$63K-74.0% | -$36K-115.9% | $228K-77.1% | $992K+170.6% | -$1.4M | $0-100.0% | $5.2M+198.9% | -$5.3M-1206.3% | $479K-86.1% | $3.4M |
| Financing Cash Flow | $22.0M | $11.2M-45.4% | $20.5M+91.2% | $10.7M+58449.9% | $18K+100.1% | -$22.6M-1078.5% | -$1.9M-107.0% | $27.3M+761.6% | -$4.1M-122.5% | $18.3M-37.8% | $29.5M+3.5% | $28.5M+151663.4% | -$19K-100.1% | $34.3M+98296.3% | -$35K-100.2% | $21.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PTN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 97.8%+6.5pp | 91.4%+6.2pp | 85.2% | N/A | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | -501.0% | -668.8% | -2491.6% | N/A | -20007.6% | 59.3%+20.7pp | 38.6%0.0pp | 38.6% | N/A | N/A | N/A | -150421.4% | -25476.5% | -925.4% |
| Net Margin | N/A | 661.5% | 745.8% | -2465.1% | N/A | -19006.9% | 59.3%+22.5pp | 36.8%0.0pp | 36.8% | N/A | N/A | N/A | -201352.9% | -23398.6% | -868.6% |
| Return on Equity | N/A | N/A | N/A | -222.5%-154.8pp | -67.7%-39.7pp | -28.0%-63.5pp | 35.6%-56.0pp | 91.6% | N/A | N/A | -144.8%-2.5pp | -142.3%-51.5pp | -90.8%+851.5pp | -942.3%-871.9pp | -70.5% |
| Return on Assets | N/A | 276.5%+74.7pp | 201.8%+302.1pp | -100.4%-50.4pp | -49.9%-23.5pp | -26.4%-60.5pp | 34.2%-29.1pp | 63.3%+19.8pp | 43.5%+519.7pp | -476.3%-416.3pp | -59.9%+51.0pp | -110.9%-27.7pp | -83.2%+237.5pp | -320.7%-260.1pp | -60.5% |
| Current Ratio | 0.36-0.6x | 1.01-0.1x | 1.08-1.0x | 2.13-4.1x | 6.27-15.0x | 21.28-3.7x | 24.94+21.4x | 3.58+2.5x | 1.03+0.3x | 0.77-3.2x | 3.97-0.5x | 4.45-7.6x | 12.01+10.6x | 1.37-5.5x | 6.86 |
| Debt-to-Equity | N/A | N/A | N/A | 1.22+0.9x | 0.36+0.3x | 0.06+0.1x | 0.000.0x | 0.01 | N/A | N/A | 0.80+0.8x | 0.00-0.1x | 0.09-1.8x | 1.94+1.8x | 0.16 |
| FCF Margin | N/A | -701.6% | -612.0% | -2055.5% | N/A | 34972.4% | -36.2%-38.7pp | 2.5%-16.5pp | 19.0% | N/A | N/A | N/A | -132313.3% | -21003.2% | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$4.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Palatin Tech Ranks
Frequently Asked Questions
What is Palatin Tech's annual revenue?
Palatin Tech (PTN) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Palatin Tech's revenue growing?
Palatin Tech (PTN) revenue declined by 100.0% year-over-year, from $4.5M to $0 in fiscal year 2025.
What are Palatin Tech's total assets?
Palatin Tech (PTN) had $3.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Palatin Tech's capital expenditures?
Palatin Tech (PTN) reported no capital expenditure during fiscal year 2025.
How much does Palatin Tech spend on research and development?
Palatin Tech (PTN) invested $14.9M in research and development during fiscal year 2025.
What is Palatin Tech's current ratio?
Palatin Tech (PTN) had a current ratio of 0.36 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Why is Palatin Tech's debt-to-equity ratio negative or not reported?
Palatin Tech (PTN) has negative shareholder equity of -$4.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.