This page shows Siga Technologie (SIGA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Cash-rich, debt-light operations are masking a volume-and-margin reset as lower sales now absorb a much heavier cost base.
In FY2025, operating cash flow of$43.5M still exceeded net income of$23.3M , so cash generation looked stronger than earnings. But that strength came partly from working-capital release: receivables fell to$3.3M from$21.2M while inventory remained elevated, meaning collections on earlier sales boosted cash even as the underlying sales engine weakened.
The drop in gross margin to
The balance sheet remains unusually self-funded, with
Financial Health Signals
Scored against operating companies for FY2025. 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 Siga Technologie'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.
Siga Technologie has an operating margin of 25.1%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is down from 50.4% the prior year.
Siga Technologie's revenue declined 31.8% year-over-year, from $138.7M to $94.6M. This contraction results in a growth score of 6/100.
Siga Technologie carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 11.83, Siga Technologie holds $11.83 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 98/100.
Siga Technologie earns a strong 11.7% return on equity (ROE), meaning it generates $12 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 82/100. This is down from 27.4% the prior year.
Siga Technologie scores 8.87, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($251.0M) relative to total liabilities ($20.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Siga Technologie passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Siga Technologie generates $1.87 in operating cash flow ($43.5M OCF vs $23.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Siga Technologie generated $94.6M in revenue in fiscal year 2025. This represents a decrease of 31.8% from the prior year.
Siga Technologie's EBITDA was $24.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 65.6% from the prior year.
Siga Technologie reported $23.3M in net income in fiscal year 2025. This represents a decrease of 60.7% from the prior year.
Siga Technologie earned $0.32 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 61.0% from the prior year.
Cash & Balance Sheet
Siga Technologie held $155.0M in cash against $0 in long-term debt as of fiscal year 2025.
Siga Technologie paid $0.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Siga Technologie had 72M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Margins & Returns
Siga Technologie's gross margin was 68.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 8.9 percentage points from the prior year.
Siga Technologie's operating margin was 25.1% in fiscal year 2025, reflecting core business profitability. This is down 25.4 percentage points from the prior year.
Siga Technologie's net profit margin was 24.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.1 percentage points from the prior year.
Siga Technologie's ROE was 11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 15.7 percentage points from the prior year.
Capital Allocation
Siga Technologie invested $20.0M in research and development in fiscal year 2025. This represents an increase of 62.1% from the prior year.
Siga Technologie spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
SIGA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2M+64.5% | $3.8M+44.8% | $2.6M-96.8% | $81.1M+1052.1% | $7.0M-91.4% | $81.5M+713.9% | $10.0M-54.1% | $21.8M |
| Cost of Revenue | $2.9M-1.6% | $3.0M+198.3% | $1.0M-96.1% | $25.6M+16100.6% | $158K-98.9% | $14.1M+772.1% | $1.6M-86.8% | $12.3M |
| Gross Profit | $3.3M+310.4% | $804K-50.3% | $1.6M-97.1% | $55.6M+707.3% | $6.9M-89.8% | $67.3M+702.7% | $8.4M-11.7% | $9.5M |
| R&D Expenses | $3.9M-21.6% | $5.0M-28.5% | $7.1M+60.4% | $4.4M+27.0% | $3.5M+3.6% | $3.3M+10.6% | $3.0M+4.7% | $2.9M |
| SG&A Expenses | $4.7M-11.2% | $5.3M+10.0% | $4.8M-12.8% | $5.5M-3.3% | $5.7M-17.8% | $6.9M+43.2% | $4.8M-12.8% | $5.5M |
| Operating Income | -$5.3M+44.0% | -$9.5M+7.1% | -$10.2M-122.4% | $45.7M+2125.4% | -$2.3M-104.0% | $57.1M+10430.8% | $542K-49.8% | $1.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$589K+76.7% | -$2.5M-27.3% | -$2.0M-116.9% | $11.8M+7368.6% | -$162K-101.3% | $12.8M+2325.4% | $529K-6.5% | $565K |
| Net Income | -$3.5M+36.4% | -$5.4M+14.7% | -$6.4M-117.9% | $35.5M+8792.1% | -$408K-100.9% | $45.8M+3304.9% | $1.3M-26.7% | $1.8M |
| EPS (Diluted) | $-0.05 | N/A | $-0.09-118.4% | $0.49+5000.0% | $-0.01 | N/A | $0.02-33.3% | $0.03 |
SIGA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $219.4M0.0% | $219.5M-5.2% | $231.6M-1.6% | $235.3M-4.8% | $247.1M+1.1% | $244.3M+25.1% | $195.4M+1.4% | $192.7M |
| Current Assets | $211.5M-0.6% | $212.9M-6.5% | $227.7M-0.6% | $229.2M-1.9% | $233.6M+1.1% | $231.0M+27.9% | $180.7M+2.4% | $176.5M |
| Cash & Equivalents | $145.6M-6.1% | $155.0M-9.9% | $172.0M-5.8% | $182.5M+12.4% | $162.3M+4.4% | $155.4M+56.5% | $99.3M-7.2% | $106.9M |
| Inventory | $56.5M+15.2% | $49.1M+2.2% | $48.0M+34.8% | $35.6M-39.7% | $59.1M+19.2% | $49.6M-20.1% | $62.0M+11.4% | $55.7M |
| Accounts Receivable | $4.5M+37.9% | $3.3M+31.1% | $2.5M-61.6% | $6.5M-9.7% | $7.2M-66.1% | $21.2M+75.1% | $12.1M+35.0% | $9.0M |
| Goodwill | $898K0.0% | $898K0.0% | $898K0.0% | $898K0.0% | $898K0.0% | $898K0.0% | $898K0.0% | $898K |
| Total Liabilities | $67.8M+228.2% | $20.6M-26.6% | $28.1M+8.1% | $26.0M-15.9% | $30.9M+8.4% | $28.5M+10.1% | $25.9M+3.2% | $25.1M |
| Current Liabilities | $65.2M+262.1% | $18.0M-27.6% | $24.8M+9.4% | $22.7M-18.3% | $27.8M+9.7% | $25.3M+13.6% | $22.3M+4.3% | $21.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $151.6M-23.7% | $198.8M-2.3% | $203.5M-2.8% | $209.3M-3.2% | $216.1M+0.2% | $215.8M+27.4% | $169.4M+1.1% | $167.6M |
| Retained Earnings | -$90.4M-110.0% | -$43.1M-14.4% | -$37.6M-20.4% | -$31.3M-34.5% | -$23.2M-1.8% | -$22.8M+66.7% | -$68.6M+1.9% | -$70.0M |
SIGA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.7M+48.6% | -$16.9M-71.8% | -$9.8M-115.6% | $63.1M+793.3% | $7.1M-87.5% | $56.3M+862.7% | -$7.4M-224.0% | $6.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0+100.0% | -$41K+86.0% | -$290K-28957500.0% | -$1+100.0% | -$25K-39.6% | -$18K+20.5% | -$22K-926.4% | -$2K |
| Financing Cash Flow | -$740K-743.0% | -$88K+78.2% | -$403K+99.1% | -$42.9M-25709.0% | -$166K-2.7% | -$162K+41.0% | -$274K+99.4% | -$42.9M |
| Dividends Paid | $159K+81.5% | $88K-45.8% | $162K-99.6% | $42.9M | $0 | $0+100.0% | -$8K | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 |
SIGA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.9%+31.7pp | 21.2%-40.6pp | 61.8%-6.8pp | 68.5%-29.3pp | 97.8%+15.1pp | 82.7%-1.2pp | 83.8%+40.3pp | 43.5% |
| Operating Margin | -85.2%+165.1pp | -250.4%+139.8pp | -390.2%-446.5pp | 56.3%+88.3pp | -32.0%-102.1pp | 70.1%+64.6pp | 5.4%+0.5pp | 5.0% |
| Net Margin | -55.3%+87.8pp | -143.1%+99.8pp | -243.0%-286.7pp | 43.7%+49.5pp | -5.8%-62.0pp | 56.2%+42.7pp | 13.4%+5.0pp | 8.4% |
| Return on Equity | -2.3%+0.5pp | -2.7%+0.4pp | -3.1%-20.1pp | 17.0%+17.1pp | -0.2%-21.4pp | 21.2%+20.4pp | 0.8%-0.3pp | 1.1% |
| Return on Assets | -1.6%+0.9pp | -2.5%+0.3pp | -2.8%-17.8pp | 15.1%+15.3pp | -0.2%-18.9pp | 18.7%+18.0pp | 0.7%-0.3pp | 0.9% |
| Current Ratio | 3.25-8.6 | 11.83+2.7 | 9.17-0.9 | 10.09+1.7 | 8.40-0.7 | 9.12+1.0 | 8.10-0.2 | 8.26 |
| Debt-to-Equity | 0.45+0.3 | 0.10-0.0 | 0.14+0.0 | 0.12-0.0 | 0.14+0.0 | 0.13-0.0 | 0.150.0 | 0.15 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Siga Technologie's annual revenue?
Siga Technologie (SIGA) reported $94.6M in total revenue for fiscal year 2025. This represents a -31.8% 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 Siga Technologie's revenue growing?
Siga Technologie (SIGA) revenue declined by 31.8% year-over-year, from $138.7M to $94.6M in fiscal year 2025.
Is Siga Technologie profitable?
Yes, Siga Technologie (SIGA) reported a net income of $23.3M in fiscal year 2025, with a net profit margin of 24.6%.
What is Siga Technologie's EBITDA?
Siga Technologie (SIGA) had EBITDA of $24.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Siga Technologie's gross margin?
Siga Technologie (SIGA) had a gross margin of 68.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Siga Technologie's operating margin?
Siga Technologie (SIGA) had an operating margin of 25.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Siga Technologie's net profit margin?
Siga Technologie (SIGA) had a net profit margin of 24.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Siga Technologie pay dividends?
Yes, Siga Technologie (SIGA) paid $0.60 per share in dividends during fiscal year 2025.
What is Siga Technologie's return on equity (ROE)?
Siga Technologie (SIGA) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Siga Technologie's operating cash flow?
Siga Technologie (SIGA) generated $43.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Siga Technologie's total assets?
Siga Technologie (SIGA) had $219.5M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Siga Technologie spend on research and development?
Siga Technologie (SIGA) invested $20.0M in research and development during fiscal year 2025.
What is Siga Technologie's current ratio?
Siga Technologie (SIGA) had a current ratio of 11.83 as of fiscal year 2025, which is generally considered healthy.
What is Siga Technologie's debt-to-equity ratio?
Siga Technologie (SIGA) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Siga Technologie's return on assets (ROA)?
Siga Technologie (SIGA) had a return on assets of 10.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Siga Technologie's Altman Z-Score?
Siga Technologie (SIGA) has an Altman Z-Score of 8.87, placing it in the Safe Zone (low 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 Siga Technologie's Piotroski F-Score?
Siga Technologie (SIGA) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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 Siga Technologie's earnings high quality?
Siga Technologie (SIGA) has an earnings quality ratio of 1.87x, considered cash-backed (high quality). 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 Siga Technologie?
Siga Technologie (SIGA) scores 59 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.