Renovorx Inc Financials
This page shows Renovorx Inc (RNXT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Renovorx Inc has an operating margin of -25511.6%, meaning the company retains $-25512 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
Renovorx Inc carries a low D/E ratio of 0.81, meaning only $0.81 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.10, Renovorx Inc holds $4.10 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Renovorx Inc generated -$9.1M in operating cash flow, capex of $12K consumed most of it, leaving -$9.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Renovorx Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Renovorx Inc generates $1.04 in operating cash flow (-$9.1M OCF vs -$8.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Renovorx Inc generated $43K in revenue in fiscal year 2024.
Renovorx Inc generated -$9.1M in free cash flow in fiscal year 2024, representing cash available after capex.
Renovorx Inc reported -$8.8M in net income in fiscal year 2024. This represents an increase of 13.9% from the prior year.
Renovorx Inc earned $-0.40 per diluted share (EPS) in fiscal year 2024. This represents an increase of 59.6% from the prior year.
Renovorx Inc held $7.2M in cash against $0 in long-term debt as of fiscal year 2024.
Renovorx Inc had 24M shares outstanding in fiscal year 2024. This represents an increase of 124.8% from the prior year.
Renovorx Inc's gross margin was 100.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
Renovorx Inc's operating margin was -25511.6% in fiscal year 2024, reflecting core business profitability.
Renovorx Inc's net profit margin was -20497.7% in fiscal year 2024, showing the share of revenue converted to profit.
Renovorx Inc invested $6.0M in research and development in fiscal year 2024. This represents an increase of 6.3% from the prior year.
Renovorx Inc invested $12K in capex in fiscal year 2024, funding long-term assets and infrastructure.
RNXT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $266K-37.0% | $422K+114.2% | $197K | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $53K-65.1% | $152K+61.7% | $94K | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $213K-21.1% | $270K+162.1% | $103K | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $1.7M+18.2% | $1.4M-13.2% | $1.6M | N/A | $1.6M | N/A | $846K | N/A |
| SG&A Expenses | $1.7M+13.5% | $1.5M-3.1% | $1.6M | N/A | $1.4M | N/A | $1.3M | N/A |
| Operating Income | -$3.2M-19.5% | -$2.7M+13.9% | -$3.1M | N/A | -$3.0M | N/A | -$2.2M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $1K | N/A |
| Income Tax | $0 | N/A | $0 | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.9M-0.6% | -$2.9M-19.6% | -$2.4M | N/A | -$1.4M | N/A | -$2.1M | N/A |
| EPS (Diluted) | $-0.080.0% | $-0.080.0% | $-0.08 | N/A | $-0.13 | N/A | $-0.24 | N/A |
RNXT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.2M-17.9% | $13.6M-14.8% | $16.0M+992.4% | $1.5M-58.3% | $3.5M-51.6% | $7.3M-21.5% | $9.3M-43.2% | $16.3M |
| Current Assets | $11.0M-18.0% | $13.4M-14.9% | $15.7M+974.0% | $1.5M | N/A | $7.3M-21.5% | $9.3M-43.2% | $16.3M |
| Cash & Equivalents | $10.0M-18.4% | $12.3M-15.6% | $14.6M+1143.1% | $1.2M-63.6% | $3.2M-26.5% | $4.4M+42.0% | $3.1M-79.6% | $15.2M |
| Inventory | $272K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $169K-53.4% | $363K+50.0% | $242K | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.1M+4.2% | $3.0M+5.1% | $2.9M-36.0% | $4.5M+27.1% | $3.5M+218.8% | $1.1M0.0% | $1.1M+17.5% | $938K |
| Current Liabilities | $1.9M+21.1% | $1.6M-10.4% | $1.7M+47.7% | $1.2M-26.8% | $1.6M+45.6% | $1.1M | N/A | $938K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.1M-24.1% | $10.6M-19.1% | $13.2M+538.6% | -$3.0M-50100.0% | $6K-99.9% | $6.2M-24.4% | $8.1M-46.9% | $15.3M |
| Retained Earnings | -$58.4M-5.2% | -$55.5M-5.5% | -$52.6M-27.1% | -$41.4M-8.5% | -$38.2M-22.5% | -$31.2M-7.4% | -$29.0M-36.3% | -$21.3M |
RNXT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.3M+1.4% | -$2.3M+31.9% | -$3.4M-64.7% | -$2.1M+24.7% | -$2.7M-62.3% | -$1.7M+37.1% | -$2.7M-4.5% | -$2.6M |
| Capital Expenditures | $0 | $0-100.0% | $2K | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$2.3M+1.4% | -$2.3M+32.0% | -$3.4M | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0+100.0% | -$2K | $0 | $0-100.0% | $3.0M-0.5% | $3.0M | $0 |
| Financing Cash Flow | $0-100.0% | $34K-99.7% | $10.8M | $0 | $0-100.0% | $3K-25.0% | $4K-84.0% | $25K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RNXT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.1%+16.1pp | 64.0%+11.7pp | 52.3% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1203.0%-568.4pp | -634.6%+944.1pp | -1578.7% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -1094.7%-408.7pp | -686.0%+542.4pp | -1228.4% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -26.0%-4.8pp | -21.2%-6.1pp | -15.1% | N/A | -40.4% | N/A | -23.1% | N/A |
| Current Ratio | 5.83-2.8 | 8.61-0.5 | 9.07+7.8 | 1.25 | N/A | 6.59 | N/A | 17.36 |
| Debt-to-Equity | 0.39+0.1 | 0.28+0.1 | 0.22+1.7 | -1.49-587.0 | 585.50+585.3 | 0.18+0.0 | 0.14+0.1 | 0.06 |
| FCF Margin | -853.4%-307.9pp | -545.5%+1171.8pp | -1717.3% | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Renovorx Inc's annual revenue?
Renovorx Inc (RNXT) reported $43K in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Renovorx Inc profitable?
No, Renovorx Inc (RNXT) reported a net income of -$8.8M in fiscal year 2024, with a net profit margin of -20497.7%.
What is Renovorx Inc's earnings per share (EPS)?
Renovorx Inc (RNXT) reported diluted earnings per share of $-0.40 for fiscal year 2024. This represents a 59.6% 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 Renovorx Inc's gross margin?
Renovorx Inc (RNXT) had a gross margin of 100.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Renovorx Inc's operating margin?
Renovorx Inc (RNXT) had an operating margin of -25511.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Renovorx Inc's net profit margin?
Renovorx Inc (RNXT) had a net profit margin of -20497.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Renovorx Inc's free cash flow?
Renovorx Inc (RNXT) generated -$9.1M in free cash flow during fiscal year 2024. 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 Renovorx Inc's operating cash flow?
Renovorx Inc (RNXT) generated -$9.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Renovorx Inc's total assets?
Renovorx Inc (RNXT) had $8.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Renovorx Inc's capital expenditures?
Renovorx Inc (RNXT) invested $12K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Renovorx Inc spend on research and development?
Renovorx Inc (RNXT) invested $6.0M in research and development during fiscal year 2024.
How many shares does Renovorx Inc have outstanding?
Renovorx Inc (RNXT) had 24M shares outstanding as of fiscal year 2024.
What is Renovorx Inc's current ratio?
Renovorx Inc (RNXT) had a current ratio of 4.10 as of fiscal year 2024, which is generally considered healthy.
What is Renovorx Inc's debt-to-equity ratio?
Renovorx Inc (RNXT) had a debt-to-equity ratio of 0.81 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Renovorx Inc's return on assets (ROA)?
Renovorx Inc (RNXT) had a return on assets of -108.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Renovorx Inc's cash runway?
Based on fiscal year 2024 data, Renovorx Inc (RNXT) had $7.2M in cash against an annual operating cash burn of $9.1M. This gives an estimated cash runway of approximately 9 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Renovorx Inc's Piotroski F-Score?
Renovorx Inc (RNXT) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Renovorx Inc's earnings high quality?
Renovorx Inc (RNXT) has an earnings quality ratio of 1.04x, considered low quality (accrual-driven). 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.
How financially healthy is Renovorx Inc?
Renovorx Inc (RNXT) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.