Soligenix Inc Financials
This page shows Soligenix Inc (SNGX) 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).
External financing rather than product revenue is carrying operations, with cash burn and R&D spending defining the business model.
In FY2025, financing inflows of$10.4M almost perfectly matched free cash burn of$10.3M , which is why cash finished near$7.9M instead of collapsing. The same pattern appeared in FY2024, when$7.8M of financing offset an$8.4M operating outflow, showing liquidity is being preserved by repeated capital raising rather than by commercial receipts.
The income statement behaves like a development-stage operation, not a scaled seller: FY2025 R&D was
The balance sheet is less encumbered than a year ago: total liabilities fell to
Financial Health Signals
Soligenix Inc 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.
Soligenix Inc passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Soligenix Inc reported a net loss of $11.1M while operations used $10.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Soligenix Inc reported -$11.1M in net income in fiscal year 2025. This represents a decrease of 33.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Soligenix Inc recorded an outflow of $10.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex.
Soligenix Inc held $7.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Soligenix Inc's ROE was -209.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Soligenix Inc invested $7.5M in research and development in fiscal year 2025. This represents an increase of 43.3% from the prior year.
Soligenix Inc invested $6K in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
SNGX 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 | N/A | $119K-85.8% | $839K-11.5% | $949K+15.1% | $824K-65.1% | $2.4M-49.0% | $4.6M-11.7% | $5.2M-3.5% | $5.4M-48.0% | $10.4M+19.2% | $8.8M+24.5% | $7.0M+118.4% | $3.2M+2.5% | $3.1M-59.0% | $7.7M |
| Cost of Revenue | N/A | N/A | $119K-83.9% | $742K+34.7% | $551K-24.4% | $729K-60.0% | $1.8M-49.0% | $3.6M-22.4% | $4.6M+6.7% | $4.3M-48.9% | $8.4M+22.5% | $6.9M+29.5% | $5.3M+108.9% | $2.5M-1.9% | $2.6M+23.0% | $2.1M |
| Gross Profit | N/A | N/A | $0-100.0% | $97K-75.6% | $398K+316.3% | $96K-82.2% | $538K-49.3% | $1.1M+65.1% | $644K-42.6% | $1.1M-44.3% | $2.0M+6.8% | $1.9M+9.1% | $1.7M+154.3% | $680K+23.3% | $552K-90.1% | $5.6M |
| R&D Expenses | N/A | $7.5M+43.3% | $5.2M+57.7% | $3.3M-58.3% | $7.9M-3.0% | $8.2M-16.4% | $9.8M+20.6% | $8.1M+20.3% | $6.8M+22.6% | $5.5M+28.2% | $4.3M-20.4% | $5.4M+6.2% | $5.1M+0.3% | $5.1M+94.4% | $2.6M-58.4% | $6.3M |
| SG&A Expenses | N/A | $4.4M+3.4% | $4.2M-5.9% | $4.5M-33.0% | $6.7M+33.6% | $5.0M+15.7% | $4.3M+24.4% | $3.5M+17.9% | $3.0M-8.0% | $3.2M-6.4% | $3.4M-4.7% | $3.6M+5.7% | $3.4M+23.1% | $2.8M+5.0% | $2.6M+17.4% | $2.2M |
| Operating Income | N/A | -$11.8M-25.5% | -$9.4M-22.6% | -$7.7M+45.9% | -$14.2M-8.7% | -$13.1M+29.5% | -$18.6M-76.3% | -$10.5M-16.4% | -$9.1M-19.3% | -$7.6M-33.0% | -$5.7M+19.7% | -$7.1M+33.9% | -$10.8M-50.4% | -$7.2M-52.6% | -$4.7M-58.5% | -$3.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$863K-2614.4% | $34K-77.0% | $149K | N/A | N/A | $2K+127.6% | -$8K-712.0% | $1K | N/A | N/A | $0 |
| Income Tax | N/A | -$507K-23.8% | -$409K+76.9% | -$1.8M-53.1% | -$1.2M-33.6% | -$865K-3.3% | -$837K-37.0% | -$611K | N/A | -$417K+21.4% | -$530K-8.4% | -$489K+20.7% | -$617K+17.8% | -$750K-43.9% | -$521K+9.2% | -$574K |
| Net Income | N/A | -$11.1M-33.7% | -$8.3M-36.1% | -$6.1M+55.8% | -$13.8M-9.9% | -$12.6M+29.0% | -$17.7M-89.1% | -$9.4M-5.1% | -$8.9M-24.5% | -$7.1M-120.2% | -$3.2M+58.6% | -$7.8M-16.8% | -$6.7M+33.3% | -$10.1M-141.6% | -$4.2M-75.0% | -$2.4M |
| EPS (Diluted) | — | -$2.14 | -$4.98 | -$12.66 | -$4.81-2.6% | -$4.69 | -$0.64 | N/A | N/A | -$1.16 | -$1.34+55.3% | -$3.00 | -$0.43+33.8% | -$0.65 | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 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.
SNGX 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 | $9.2M+3.0% | $9.0M-8.5% | $9.8M-31.4% | $14.3M-46.9% | $26.9M+35.1% | $19.9M+155.8% | $7.8M-25.9% | $10.5M+9.9% | $9.5M-7.0% | $10.3M+39.0% | $7.4M+6.2% | $7.0M-15.9% | $8.3M+75.7% | $4.7M-42.8% | $8.2M |
| Current Assets | $8.8M+0.2% | $8.8M-7.1% | $9.5M-31.4% | $13.9M-47.9% | $26.6M+36.5% | $19.5M+159.8% | $7.5M-27.5% | $10.3M+9.8% | $9.4M-6.9% | $10.1M+41.4% | $7.2M+10.1% | $6.5M-14.7% | $7.6M+98.3% | $3.8M-46.2% | $7.1M |
| Cash & Equivalents | $7.9M+1.5% | $7.8M-7.4% | $8.4M-36.8% | $13.4M-48.7% | $26.0M+39.4% | $18.7M+244.5% | $5.4M-39.7% | $9.0M+15.0% | $7.8M-11.0% | $8.8M+78.2% | $4.9M-10.9% | $5.5M-5.7% | $5.9M+74.5% | $3.4M-44.0% | $6.0M |
| Total Liabilities | $3.9M-18.7% | $4.8M-33.4% | $7.3M-56.6% | $16.8M+3.7% | $16.1M0.0% | $16.1M+155.6% | $6.3M+50.0% | $4.2M+30.4% | $3.2M+12.5% | $2.9M-61.2% | $7.4M+4.2% | $7.1M-29.2% | $10.0M+769.6% | $1.2M-19.4% | $1.4M |
| Current Liabilities | $3.7M-23.7% | $4.8M-21.2% | $6.2M-62.8% | $16.5M+162.5% | $6.3M+3.5% | $6.1M-3.7% | $6.3M+49.9% | $4.2M+30.4% | $3.2M+12.5% | $2.9M-61.2% | $7.4M+4.2% | $7.1M-29.2% | $10.0M+769.6% | $1.2M-19.4% | $1.4M |
| Long-Term Debt | N/A | $0-100.0% | $1.0M | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.3M+28.5% | $4.1M+63.3% | $2.5M+202.1% | -$2.5M-123.0% | $10.7M+186.6% | $3.7M+156.8% | $1.5M-76.8% | $6.3M-0.6% | $6.3M-14.6% | $7.4M+40502.3% | -$18K+88.1% | -$154K+91.3% | -$1.8M-149.8% | $3.6M-47.7% | $6.8M |
| Retained Earnings | -$245.1M-4.7% | -$234.0M-3.7% | -$225.7M-2.8% | -$219.6M-6.7% | -$205.8M-6.5% | -$193.2M-10.1% | -$175.5M-5.6% | -$166.2M-5.7% | -$157.3M-4.8% | -$150.1M-2.2% | -$146.9M-5.6% | -$139.0M-5.1% | -$132.3M-8.2% | -$122.3M-3.5% | -$118.1M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
SNGX 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 | -$9.7M | -$10.3M-22.2% | -$8.4M+2.3% | -$8.6M+32.0% | -$12.6M-7.7% | -$11.7M-2.5% | -$11.5M-52.5% | -$7.5M-3.7% | -$7.2M-11.3% | -$6.5M-30.7% | -$5.0M+7.5% | -$5.4M-118.4% | -$2.5M+44.7% | -$4.5M-269.1% | $2.6M+235.0% | -$2.0M |
| Capital Expenditures | N/A | $6K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | -$10.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | -$6K | N/A | N/A | -$13K-10.9% | -$12K-65.0% | -$7K+71.1% | -$25K-2571.2% | -$925+96.5% | -$26K-268.0% | -$7K+67.6% | -$22K+92.7% | -$301K-1597.1% | -$18K-272.8% | -$5K+96.9% | -$153K |
| Financing Cash Flow | $14.5M | $10.4M+33.8% | $7.8M+111.9% | $3.7M+4668.9% | $77K-99.6% | $19.1M-22.8% | $24.7M+516.1% | $4.0M-52.4% | $8.4M+51.1% | $5.6M-37.0% | $8.8M+84.0% | $4.8M+97.2% | $2.4M-65.1% | $7.0M | N/A | $649K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 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.
SNGX 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 | 0.0%-11.6pp | 11.6%-30.4pp | 41.9%+30.3pp | 11.6%-11.2pp | 22.8%-0.1pp | 22.9%+10.7pp | 12.3%-8.4pp | 20.7%+1.4pp | 19.3%-2.2pp | 21.5%-3.0pp | 24.6%+3.5pp | 21.1%+3.6pp | 17.5%-54.9pp | 72.5% |
| Operating Margin | N/A | -7907.7% | -917.1% | -1500.5% | -1589.2% | -787.8% | -227.7% | -172.8% | -139.8% | -54.6%+26.4pp | -81.1% | -152.8% | -222.0% | -149.2% | -38.6% |
| Net Margin | N/A | -6953.1% | -726.8% | -1454.1% | -1522.7% | -749.7% | -202.1% | -169.8% | -131.6% | -31.1%+58.3pp | -89.3%+5.9pp | -95.2% | -312.0% | -132.4% | -31.0% |
| Return on Equity | -209.8%-8.2pp | -201.5%+40.3pp | -241.8% | N/A | -117.1%+355.7pp | -472.7%+169.3pp | -642.0%-500.3pp | -141.7%-28.6pp | -113.1%-69.2pp | -43.9% | N/A | N/A | N/A | -117.2%-82.2pp | -35.0% |
| Return on Assets | -120.2%-27.6pp | -92.6%-30.3pp | -62.3%+34.4pp | -96.6%-49.9pp | -46.7%+42.2pp | -88.9%+31.4pp | -120.3%-35.5pp | -84.8%-10.0pp | -74.8%-43.2pp | -31.6%+74.4pp | -106.0%-9.6pp | -96.4%+25.3pp | -121.7%-33.2pp | -88.5%-59.6pp | -28.9% |
| Current Ratio | 2.39+0.6x | 1.82+0.3x | 1.55+0.7x | 0.84-3.4x | 4.22+1.0x | 3.20+2.0x | 1.19-1.3x | 2.46-0.5x | 2.92-0.6x | 3.52+2.6x | 0.97+0.1x | 0.91+0.2x | 0.76-2.6x | 3.32-1.7x | 4.98 |
| Debt-to-Equity | 0.75+0.7x | 0.00-0.4x | 0.40 | N/A | 1.51-2.8x | 4.320.0x | 4.34+3.7x | 0.67+0.2x | 0.51+0.1x | 0.39 | N/A | N/A | N/A | 0.33+0.1x | 0.21 |
Not reported in any period shown, so not listed: FCF 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.
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Where Soligenix Inc Ranks
Frequently Asked Questions
Is Soligenix Inc profitable?
No, Soligenix Inc (SNGX) reported a net income of -$11.1M in fiscal year 2025.
What is Soligenix Inc's return on equity (ROE)?
Soligenix Inc (SNGX) has a return on equity of -209.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Soligenix Inc's free cash flow?
Soligenix Inc (SNGX) recorded an outflow of $10.3M in free cash flow during fiscal year 2025. 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 Soligenix Inc's operating cash flow?
Soligenix Inc (SNGX) recorded an outflow of $10.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Soligenix Inc's total assets?
Soligenix Inc (SNGX) had $9.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Soligenix Inc's capital expenditures?
Soligenix Inc (SNGX) invested $6K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Soligenix Inc spend on research and development?
Soligenix Inc (SNGX) invested $7.5M in research and development during fiscal year 2025.
What is Soligenix Inc's current ratio?
Soligenix Inc (SNGX) had a current ratio of 2.39 as of fiscal year 2025, which is generally considered healthy.
What is Soligenix Inc's debt-to-equity ratio?
Soligenix Inc (SNGX) had a debt-to-equity ratio of 0.75 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Soligenix Inc's return on assets (ROA)?
Soligenix Inc (SNGX) had a return on assets of -120.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Soligenix Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Soligenix Inc (SNGX) held $7.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.3M over that year. Dividing the one by the other, the reported balance equals about 9 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 Soligenix Inc's Piotroski F-Score?
Soligenix Inc (SNGX) 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 Soligenix Inc's earnings high quality?
Soligenix Inc (SNGX) reported a net loss of $11.1M while operations used $10.3M 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.