What is Palatin Technologies, Inc.'s earnings per share (EPS)?

Palatin Technologies, Inc. (PTN) reported diluted earnings per share of -$2.96 for fiscal year 2026. 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.

Palatin Technologies, Inc. (PTN) Financials

PTN

FY2026 annual

Revenue $13.2M YoY not available

Net Income -$8.4M YoY not available

EPS (Diluted) -$2.96 YoY not available

Free Cash Flow -$13.6M YoY not available

Market Cap $16.0M as of Oct 9, 2026

Price / Sales 1.2x on $13.2M revenue, FY2026

Price / Earnings n/m net loss, so no earnings multiple, FY2026

Price / Book 2.4x on $6.7M equity, Q4 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 Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Sep 28, 2026 Currency USD FYE June

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

Palatin Technologies, Inc. (PTN) reported $13.2M in revenue for fiscal year 2026. 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).

Rhea AI PTN FY2026 2026-09-28

Palatin’s reported recovery depends on external financing: revenue returned, but operations still consumed cash and remained loss-making.

In FY2026, operating cash flow of -$13.5M was closer to the net loss of $8.4M than in the preceding valid years, making the latest loss more visibly cash-based. In FY2023 and FY2024, reported net income was positive while operating cash flow remained negative, including an outflow above $29M in each year.

Equity moved from negative in FY2024 to positive $6.7M in FY2026, while total liabilities fell to $1.8M; the capital structure is materially less liability-heavy.

That improvement coincided with external funding: financing cash flow was $18.5M against operating cash flow of -$13.5M, so reported liquidity reflects capital raised alongside operations rather than internally generated cash. A current ratio of 4.6x and a reported liquidity comparison of 6.6 months indicate substantial short-term resources relative to current obligations.

Financial Health Signals

Financial Health Score 47/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Palatin Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Palatin Technologies, Inc. has an operating margin of -65.7%, meaning the company loses $66 on every $100 of revenue. This results in a profitability score of 12/100.

Growth

Leverage

Palatin Technologies, Inc. carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.61, Palatin Technologies, Inc. holds $4.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.

Cash Flow

Palatin Technologies, Inc.'s reported free cash flow margin for fiscal year 2026 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.

Returns

Palatin Technologies, Inc. posts a -125.3% return on equity (ROE), meaning it loses $125 for every $100 of shareholders' equity. This results in a returns score of 12/100.

Altman Z-Score Distress

-72.45

Palatin Technologies, Inc. scores -72.45, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($16.0M) relative to total liabilities ($1.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/6

Palatin Technologies, Inc. passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Palatin Technologies, Inc. reported a net loss of $8.4M while operations used $13.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Palatin Technologies, Inc. reported an operating loss of $8.7M against $7K 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

Export CSV

Earnings & Revenue

Revenue

$318K

QoQ-91.9%

Palatin Technologies, Inc. generated $318K in revenue in Q4 2026. Against the prior quarter it is down 91.9%.

EBITDA

-$4.4M

QoQ-181.5%

Palatin Technologies, Inc.'s EBITDA was -$4.4M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. Against the prior quarter it is down 181.5%.

Net Income

-$4.4M

QoQ-204.2%

Palatin Technologies, Inc. reported -$4.4M in net income in Q4 2026. Against the prior quarter it is down 204.2%.

EPS (Diluted)

-$1.33

QoQ-259.5%

Palatin Technologies, Inc. earned -$1.33 per diluted share (EPS) in Q4 2026. Against the prior quarter it is down 259.5%.

Cash & Balance Sheet

Free Cash Flow

-$2.7M

YoY+34.2%

QoQ+39.6%

Palatin Technologies, Inc. recorded an outflow of $2.7M in free cash flow in Q4 2026, representing a cash shortfall after capex. This represents an increase of 34.2% from the same quarter a year earlier. Against the prior quarter it is up 39.6%.

Cash & Debt

$7.5M

YoY+192.2%

QoQ-26.3%

Palatin Technologies, Inc. held $7.5M in cash as of Q4 2026; long-term debt is not reported for that period.

Shares Outstanding

QoQ+0.1%

5Y CAGR-62.2%

10Y CAGR-32.1%

Palatin Technologies, Inc. had 2M shares outstanding in Q4 2026. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

Return on Equity

-65.2%

QoQ-51.7pp

Palatin Technologies, Inc.'s ROE was -65.2% in Q4 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 51.7 percentage points.

Gross Margin

Not reported for Q4 2026.

Operating Margin

Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$2.0M

QoQ-43.0%

Palatin Technologies, Inc. invested $2.0M in research and development in Q4 2026. Against the prior quarter it is down 43.0%.

Capital Expenditures

QoQ-100.0%

Palatin Technologies, Inc. reported no capital expenditure in Q4 2026. Against the prior quarter it is down 100.0%.

Share Buybacks

Not reported for Q4 2026.

PTN 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.

PTN quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$13.2M	$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
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
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
R&D Expenses	$12.4M-17.0%	$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
SG&A Expenses	$9.5M+21.4%	$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
Operating Income	-$8.7M	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
EBITDA	-$8.6M	N/A	-$22.2M+31.1%	-$32.2M+11.8%	-$36.5M-9.4%	-$33.3M-41.6%	-$23.5M-165.8%	$35.8M+37.8%	$26.0M+0.1%	$26.0M+152.8%	-$49.2M-186.6%	-$17.2M-9.5%	-$15.7M-1.3%	-$15.5M+13.2%	-$17.8M
Interest Expense	$7K-55.2%	$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
Income Tax	-$8.4M	N/A	-$29.7M-536.1%	-$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
Net Income	-$8.4M	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
EPS (Basic)	-$2.96+90.8%	-$32.15-1491.6%	-$2.02+8.6%	-$2.21	N/A	N/A	-$0.10-158.8%	$0.17+41.7%	$0.120.0%	$0.12+136.4%	-$0.33-120.0%	-$0.15-15.4%	-$0.13+38.1%	-$0.21+57.1%	-$0.49
EPS (Diluted)	-$2.96	-$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
Diluted Shares (Avg)	3M	538,348	293,951	N/A	N/A	N/A	235M+8.1%	217M+4.9%	207M0.0%	207M	157M	N/A	N/A	N/A	N/A

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$318K	$3.9M	$116K	$8.8M	N/A	$0	N/A	$0-100.0%
R&D Expenses	$2.0M	$3.5M-6.3%	$4.3M+26.0%	$2.5M-56.0%	N/A	$3.8M-47.6%	$3.4M-38.3%	$5.7M+14.5%
SG&A Expenses	$2.7M	$2.0M+34.6%	$3.1M+85.8%	$1.7M-17.8%	N/A	$1.5M-27.5%	$1.7M-44.5%	$2.0M-36.9%
Operating Income	-$4.4M	-$1.6M+67.2%	-$7.3M-180.6%	$4.7M+160.0%	N/A	-$4.8M+47.8%	-$2.6M-322.6%	-$7.8M-27.1%
EBITDA	-$4.4M	-$1.6M+67.1%	-$7.3M-188.0%	$4.7M+160.8%	N/A	-$4.8M+47.9%	-$2.5M-301.9%	-$7.7M-27.6%
Interest Expense	$3K	$1K-29.4%	$498-86.9%	$2K-66.3%	N/A	$2K+43.1%	$4K+136.9%	$6K-45.4%
Net Income	-$4.4M	-$1.4M+70.2%	-$7.3M-197.4%	$4.7M+159.8%	N/A	-$4.8M+43.0%	-$2.4M+68.9%	-$7.8M-50.3%
EPS (Basic)	-$1.33-176.4%	-$0.37+95.9%	-$2.86+51.7%	$4.81+124.4%	$1.74	-$9.13	-$5.92-957.1%	-$19.71-4483.7%
EPS (Diluted)	-$1.33	-$0.37	-$2.86	$4.26	-$31.47	-$9.13	-$5.92	-$19.71
Diluted Shares (Avg)	N/A	4M	3M	1M	N/A	526,891	412,697	396,909

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

PTN Balance Sheet

PTN quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$8.5M+160.9%	$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
Current Assets	$8.2M+179.7%	$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
Cash & Equivalents	$7.5M+192.2%	$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
Short-Term Investments	$0	$0	$0-100.0%	$3.0M	$0	$0	$0	$0	$0-100.0%	$250K-81.9%	$1.4M	$0	$0-100.0%	$5.2M	$0
Inventory	N/A	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
Accounts Receivable	$301K	$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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.8M-77.2%	$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
Current Liabilities	$1.8M-77.9%	$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
Non-Current Liabilities	$65K+92.6%	$34K-97.2%	$1.2M-73.6%	$4.5M+27.7%	$3.5M-50.3%	$7.1M+648.3%	$953K	$0-100.0%	$1.3M-81.7%	$7.0M-51.7%	$14.6M+46.9%	$9.9M	$0-100.0%	$35K-61.7%	$93K
Long-Term Debt	N/A	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
Total Equity	$6.7M+240.0%	-$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
Retained Earnings	-$467.5M-1.8%	-$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

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$8.5M+160.9%	$13.2M+254.7%	$17.9M+316.0%	$8.6M+152.2%	$3.3M-69.6%	$3.7M-67.3%	$4.3M-68.2%	$3.4M-69.6%
Current Assets	$8.2M+179.7%	$12.8M+295.4%	$17.5M+376.0%	$8.4M+220.4%	$2.9M-70.1%	$3.2M-68.5%	$3.7M-70.0%	$2.6M-73.4%
Cash & Equivalents	$7.5M+192.2%	$10.2M+303.1%	$14.5M+323.7%	$1.3M-46.6%	$2.6M-73.1%	$2.5M	$3.4M-64.0%	$2.4M-56.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$301K	N/A	$1.6M	$6.9M	$0	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.8M-77.2%	$2.6M-74.0%	$6.5M-39.6%	$8.2M-26.0%	$8.0M-25.9%	$10.1M+2.9%	$10.7M-56.4%	$11.1M-31.2%
Current Liabilities	$1.8M-77.9%	$2.5M-74.8%	$6.3M-33.8%	$8.2M-16.7%	$8.0M-17.1%	$10.0M+17.8%	$9.6M-14.6%	$9.9M-27.5%
Non-Current Liabilities	$65K+92.6%	$97K+44.9%	$129K-88.6%	$0-100.0%	$34K-97.2%	$67K-94.8%	$1.1M-91.5%	$1.2M-51.0%
Total Equity	$6.7M+240.0%	$10.6M+265.8%	$11.5M+279.7%	$396K+105.2%	-$4.8M-4184.5%	-$6.4M-504.5%	-$6.4M+43.9%	-$7.7M-21.6%
Retained Earnings	-$467.5M-1.8%	-$463.1M-1.4%	-$461.7M-2.1%	-$454.4M-1.1%	-$459.1M-3.9%	-$456.8M-5.4%	-$452.0M-6.3%	-$449.6M-6.7%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

PTN Cash Flow Statement

PTN quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	-$13.5M	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
Depreciation & Amortization	$63K-75.8%	$259K-23.6%	$339K+17.6%	$288K+127.6%	$127K+147.8%	$51K-20.4%	$64K+9.5%	$59K+3.7%	$57K+71.2%	$33K-23.2%	$43K-63.4%	$118K+5.1%	$112K+0.1%	$112K-88.2%	$950K
Stock-Based Compensation	$1.3M-3.8%	$1.4M-26.2%	$1.9M+11.8%	$1.7M-33.2%	$2.5M-20.9%	$3.2M+1.0%	$3.1M-9.9%	$3.5M-1.0%	$3.5M+100.2%	$1.8M-4.7%	$1.8M+57.9%	$1.2M+42.1%	$821K+31.4%	$625K-30.0%	$892K
Capital Expenditures	$51K	$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
Free Cash Flow	-$13.6M	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
Investing Cash Flow	-$51K-101.6%	$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
Financing Cash Flow	$18.5M+65.1%	$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

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	-$2.7M+34.2%	-$4.4M+17.5%	-$4.8M+0.8%	-$1.6M+76.9%	-$4.1M+36.8%	-$5.4M+37.8%	-$4.8M+53.7%	-$7.0M-18.8%
Depreciation & Amortization	$17K-68.0%	$17K-68.2%	$14K-80.0%	$14K-82.2%	$53K-35.3%	$53K-37.3%	$72K-15.2%	$81K-7.5%
Stock-Based Compensation	N/A	N/A	N/A	$168K-51.9%	N/A	N/A	$349K-36.6%	$349K-10.6%
Capital Expenditures	$0	$38K	N/A	N/A	$0-100.0%	$0	N/A	N/A
Free Cash Flow	-$2.7M+34.2%	-$4.5M+16.8%	N/A	N/A	-$4.1M+36.9%	-$5.4M+37.8%	N/A	N/A
Investing Cash Flow	$0-100.0%	-$38K	N/A	N/A	$630K+12928.3%	$0	$2.5M-73.6%	$0-100.0%
Financing Cash Flow	$23K-99.4%	$139K-96.9%	$18.0M+433.3%	$328K+358.5%	$3.5M-41.5%	$4.5M-51.2%	$3.4M-32.1%	-$127K-128.3%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

PTN 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.

PTN quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	N/A	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
Operating Margin	-65.7%	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%
Net Margin	-63.5%	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%
Return on Equity	-125.3%	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%
Return on Assets	-98.3%	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%
Current Ratio	4.61+4.2x	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
Debt-to-Equity	0.27	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
Asset Turnover	1.55+1.5x	0.00-0.4x	0.42+0.1x	0.27+0.2x	0.040.0x	0.000.0x	0.00-0.6x	0.58-1.1x	1.72+0.5x	1.18+1.2x	0.00	N/A	N/A	0.000.0x	0.01
FCF Margin	-103.0%	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%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Margin	-1388.5%	-40.3%	-6315.8%	52.8%	N/A	N/A	N/A	N/A
Net Margin	-1369.2%	-36.5%	-6260.0%	53.0%	N/A	N/A	N/A	N/A
Return on Equity	-65.2%	-13.5%	-63.3%	1180.0%	N/A	N/A	N/A	N/A
Return on Assets	-51.1%	-10.8%+118.2pp	-40.5%+16.1pp	54.3%+283.4pp	N/A	-129.0%-55.1pp	-56.7%+1.2pp	-229.1%-182.8pp
Current Ratio	4.61+4.2x	5.04+4.7x	2.76+2.4x	1.02+0.8x	0.36-0.6x	0.32-0.9x	0.38-0.7x	0.26-0.5x
Debt-to-Equity	0.27	0.25	0.56	20.73	N/A	N/A	N/A	N/A
Asset Turnover	0.04	0.30+0.3x	0.01	1.02+1.0x	N/A	0.000.0x	N/A	0.00-0.2x
FCF Margin	-845.1%	-113.6%	N/A	N/A	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Gross Margin.

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.

Where Palatin Technologies, Inc. Ranks

Frequently Asked Questions

What is Palatin Technologies, Inc.'s annual revenue?

Palatin Technologies, Inc. (PTN) reported $13.2M in total revenue for fiscal year 2026. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Palatin Technologies, Inc. profitable?

No, Palatin Technologies, Inc. (PTN) reported a net income of -$8.4M in fiscal year 2026, with a net profit margin of -63.5%.

What is Palatin Technologies, Inc.'s EBITDA?

Palatin Technologies, Inc. (PTN) had EBITDA of -$8.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Palatin Technologies, Inc.'s operating margin?

Palatin Technologies, Inc. (PTN) had an operating margin of -65.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Palatin Technologies, Inc.'s net profit margin?

Palatin Technologies, Inc. (PTN) had a net profit margin of -63.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Palatin Technologies, Inc.'s return on equity (ROE)?

Palatin Technologies, Inc. (PTN) has a return on equity of -125.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Palatin Technologies, Inc.'s free cash flow?

Palatin Technologies, Inc. (PTN) recorded an outflow of $13.6M in free cash flow during fiscal year 2026. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Palatin Technologies, Inc.'s operating cash flow?

Palatin Technologies, Inc. (PTN) recorded an outflow of $13.5M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

What are Palatin Technologies, Inc.'s total assets?

Palatin Technologies, Inc. (PTN) had $8.5M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Palatin Technologies, Inc.'s capital expenditures?

Palatin Technologies, Inc. (PTN) invested $51K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Palatin Technologies, Inc. spend on research and development?

Palatin Technologies, Inc. (PTN) invested $12.4M in research and development during fiscal year 2026.

How many shares does Palatin Technologies, Inc. have outstanding?

Palatin Technologies, Inc. (PTN) had 2M shares outstanding as of fiscal year 2026.

What is Palatin Technologies, Inc.'s current ratio?

Palatin Technologies, Inc. (PTN) had a current ratio of 4.61 as of fiscal year 2026, which is generally considered healthy.

What is Palatin Technologies, Inc.'s debt-to-equity ratio?

Palatin Technologies, Inc. (PTN) had a debt-to-equity ratio of 0.27 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Palatin Technologies, Inc.'s return on assets (ROA)?

Palatin Technologies, Inc. (PTN) had a return on assets of -98.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Palatin Technologies, Inc.'s P/E ratio?

Palatin Technologies, Inc. (PTN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $16.0M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Palatin Technologies, Inc.'s price-to-sales ratio?

Palatin Technologies, Inc. (PTN) trades at 1.2x sales, its market capitalization divided by revenue of $13.2M revenue, FY2026. The market capitalization is $16.0M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Palatin Technologies, Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2026, Palatin Technologies, Inc. (PTN) held $7.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $13.5M over that year. Dividing the one by the other, the reported balance equals about 7 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.

What is Palatin Technologies, Inc.'s Altman Z-Score?

Palatin Technologies, Inc. (PTN) has an Altman Z-Score of -72.45, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Palatin Technologies, Inc.'s Piotroski F-Score?

Palatin Technologies, Inc. (PTN) has a Piotroski F-Score of 2 out of 6 computable signals; 3 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.

Are Palatin Technologies, Inc.'s earnings high quality?

Palatin Technologies, Inc. (PTN) reported a net loss of $8.4M while operations used $13.5M 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.

Can Palatin Technologies, Inc. cover its interest payments?

Palatin Technologies, Inc. (PTN) reported an operating loss of $8.7M against $7K 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.

How financially healthy is Palatin Technologies, Inc.?

Palatin Technologies, Inc. (PTN) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.