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60 degrees pharmaceuticals, Inc. Financials

SXTP
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows 60 degrees pharmaceuticals, Inc. (SXTP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 SXTP FY2025

Development-stage economics still depend on fresh financing because higher sales have not yet reduced the company’s underlying cash burn.

FY2025 revenue nearly doubled, yet gross profit stayed near $224K; that means the extra sales arrived with weaker gross efficiency rather than creating a stronger cash engine. The smaller operating loss mainly reflects R&D spend dropping from $5.0M to $2.1M, so the apparent improvement came more from spending mix than from the business suddenly scaling.

Year-end cash of $1.51M was only about 0.2x FY2025 free-cash burn, which shows the company’s current cost base is not being covered by its own commercial activity. Cash also declined despite external funding during the year, indicating new capital is financing operations rather than simply strengthening the balance sheet.

This is not primarily a debt-driven story: long-term debt was just $144K and the current ratio was 2.7x. The balance sheet therefore looks liquid in a narrow accounting sense, but the operating model still behaves like an early-stage business with sub-$1.1M revenue supporting multi-million-dollar overhead.

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Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 42 / 100
Financial Profile 42/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of 60 degrees pharmaceuticals, 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
0

60 degrees pharmaceuticals, Inc. has an operating margin of -771.6%, meaning the company retains $-772 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. This is up from -1599.0% the prior year.

Growth
100

60 degrees pharmaceuticals, Inc.'s revenue surged 65.5% year-over-year to $1.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
100

60 degrees pharmaceuticals, Inc. carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
50

60 degrees pharmaceuticals, Inc.'s current ratio of 2.66 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
0

While 60 degrees pharmaceuticals, Inc. generated -$6.8M in operating cash flow, capex of $140K consumed most of it, leaving -$7.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

60 degrees pharmaceuticals, Inc. generates a -212.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -196.9% the prior year.

Piotroski F-Score Weak
3/9

60 degrees pharmaceuticals, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.93x

For every $1 of reported earnings, 60 degrees pharmaceuticals, Inc. generates $0.93 in operating cash flow (-$6.8M OCF vs -$7.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-994.1x

60 degrees pharmaceuticals, Inc. earns $-994.1 in operating income for every $1 of interest expense (-$7.8M vs $8K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.0M
YoY+65.5%

60 degrees pharmaceuticals, Inc. generated $1.0M in revenue in fiscal year 2025. This represents an increase of 65.5% from the prior year.

EBITDA
-$7.7M
YoY+20.5%

60 degrees pharmaceuticals, Inc.'s EBITDA was -$7.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.5% from the prior year.

Net Income
-$7.4M
YoY+7.3%

60 degrees pharmaceuticals, Inc. reported -$7.4M in net income in fiscal year 2025. This represents an increase of 7.3% from the prior year.

EPS (Diluted)
$-11.73

60 degrees pharmaceuticals, Inc. earned $-11.73 per diluted share (EPS) in fiscal year 2025. This represents an increase of 84.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$7.0M
YoY-21.5%

60 degrees pharmaceuticals, Inc. generated -$7.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 21.5% from the prior year.

Cash & Debt
$1.5M
YoY-9.0%

60 degrees pharmaceuticals, Inc. held $1.5M in cash against $144K in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
1M

60 degrees pharmaceuticals, Inc. had 1M shares outstanding in fiscal year 2025. This represents an increase of 720.6% from the prior year.

Margins & Returns

Gross Margin
22.3%
YoY-14.4pp

60 degrees pharmaceuticals, Inc.'s gross margin was 22.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 14.4 percentage points from the prior year.

Operating Margin
-771.6%
YoY+827.4pp

60 degrees pharmaceuticals, Inc.'s operating margin was -771.6% in fiscal year 2025, reflecting core business profitability. This is up 827.4 percentage points from the prior year.

Net Margin
-732.5%
YoY+575.5pp

60 degrees pharmaceuticals, Inc.'s net profit margin was -732.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 575.5 percentage points from the prior year.

Return on Equity
-212.7%
YoY-15.7pp

60 degrees pharmaceuticals, Inc.'s ROE was -212.7% 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

R&D Spending
$2.1M
YoY-57.8%

60 degrees pharmaceuticals, Inc. invested $2.1M in research and development in fiscal year 2025. This represents a decrease of 57.8% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$140K
YoY+34.8%

60 degrees pharmaceuticals, Inc. invested $140K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 34.8% from the prior year.

SXTP Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $162K-46.6% $303K-30.7% $438K+333.6% $101K-38.3% $164K-32.3% $242K+78.6% $135K+8.3% $125K
Cost of Revenue $86K-29.0% $121K-77.6% $538K+974.3% $50K-31.7% $73K-37.9% $118K+5.7% $112K+24.7% $90K
Gross Profit $76K-58.2% $183K+282.5% -$100K-296.7% $51K-43.6% $90K-26.9% $124K+423.4% $24K-33.3% $35K
R&D Expenses $281K-58.3% $676K-16.6% $810K+224.1% $250K-32.6% $371K-39.6% $614K-34.7% $940K-69.6% $3.1M
SG&A Expenses $1.9M+31.5% $1.4M-4.6% $1.5M-6.6% $1.6M-6.4% $1.7M+7.3% $1.6M+32.1% $1.2M+7.6% $1.1M
Operating Income -$2.1M-9.3% -$1.9M+17.6% -$2.3M-44.9% -$1.6M+16.0% -$1.9M+7.5% -$2.1M+2.5% -$2.1M+49.4% -$4.2M
Interest Expense $1K-55.0% $3K+80.7% $2K+39.9% $1K-31.8% $2K+227.7% -$1K $0 $0
Income Tax N/A -$2K-825.2% $250-83.3% $2K+2281.0% $63+108.4% -$751-400.4% $250-42.9% $438
Net Income -$2.1M-45.2% -$1.4M+37.9% -$2.3M-33.6% -$1.7M+7.6% -$1.9M+8.2% -$2.0M+5.3% -$2.2M+48.2% -$4.2M
EPS (Diluted) $-1.28 N/A $-0.66+47.2% $-1.25+80.0% $-6.25 N/A $-2.92+86.2% $-21.12

SXTP Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $6.8M+26.0% $5.4M-19.8% $6.7M+60.0% $4.2M-30.0% $6.0M+3.8% $5.8M-22.4% $7.4M+71.5% $4.3M
Current Assets $6.3M+27.9% $4.9M-22.4% $6.3M+64.1% $3.8M-32.0% $5.7M+4.9% $5.4M-21.8% $6.9M+83.1% $3.8M
Cash & Equivalents $3.3M+121.0% $1.5M-63.3% $4.1M+109.2% $2.0M-43.0% $3.5M+108.0% $1.7M-49.7% $3.3M+109.4% $1.6M
Inventory $911K+38.6% $657K+24.7% $527K-34.1% $799K+3.4% $773K+74.6% $443K-2.1% $452K+6.1% $426K
Accounts Receivable $336K-34.1% $510K-24.4% $674K+128.5% $295K-39.6% $488K+0.3% $487K+50.3% $324K+9.3% $296K
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $2.0M+1.6% $2.0M-15.2% $2.3M+27.6% $1.8M-5.8% $1.9M+8.0% $1.8M+23.8% $1.5M+6.6% $1.4M
Current Liabilities $1.9M+1.8% $1.8M-16.1% $2.2M+30.0% $1.7M-6.2% $1.8M+8.8% $1.7M+26.5% $1.3M+7.5% $1.2M
Long-Term Debt $150K+4.2% $144K-4.0% $150K0.0% $150K0.0% $150K+2.0% $147K-1.9% $150K0.0% $150K
Total Equity $4.8M+39.4% $3.5M-21.8% $4.4M+82.4% $2.4M-40.9% $4.1M+1.8% $4.0M-33.2% $6.0M+99.0% $3.0M
Retained Earnings -$50.0M-4.4% -$47.9M-3.1% -$46.5M-5.2% -$44.1M-4.1% -$42.4M-4.6% -$40.5M-5.3% -$38.5M-5.9% -$36.3M

SXTP Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$2.7M-62.0% -$1.7M+19.8% -$2.1M-45.4% -$1.5M+9.2% -$1.6M+2.5% -$1.6M+2.6% -$1.7M-41.5% -$1.2M
Capital Expenditures $30K-62.4% $80K+698.9% $10K-78.9% $47K+1667.1% $3K $0-100.0% $14K N/A
Free Cash Flow -$2.8M-56.4% -$1.8M+16.4% -$2.1M-41.5% -$1.5M+6.4% -$1.6M+2.3% -$1.6M+3.3% -$1.7M N/A
Investing Cash Flow $1.2M+187.1% -$1.4M-5277.0% -$25K+50.7% -$52K-103.0% $1.7M+81249.6% -$2K+99.9% -$1.7M-1237.8% -$131K
Financing Cash Flow $3.4M+634.8% $459K-89.3% $4.3M $0-100.0% $1.7M+174298.7% $973-100.0% $5.2M+595495.6% -$865
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

SXTP Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 47.1%-13.1pp 60.2%+83.1pp -22.9%-73.3pp 50.4%-4.8pp 55.2%+4.1pp 51.1%+33.7pp 17.4%-10.9pp 28.3%
Operating Margin -1292.5%-660.5pp -632.0%-100.6pp -531.4%+1058.6pp -1590.0%-421.6pp -1168.4%-313.7pp -854.7%+711.3pp -1566.0%+1785.7pp -3351.8%
Net Margin -1288.9%-814.7pp -474.2%+55.1pp -529.3%+1188.4pp -1717.7%-570.4pp -1147.4%-301.0pp -846.3%+750.1pp -1596.4%+1742.6pp -3338.9%
Return on Equity -43.3%-1.7pp -41.5%+10.7pp -52.3%+19.1pp -71.4%-25.7pp -45.7%+5.0pp -50.7%-14.9pp -35.8%+101.7pp -137.5%
Return on Assets -30.9%-4.1pp -26.8%+7.8pp -34.6%+6.8pp -41.5%-10.1pp -31.4%+4.1pp -35.5%-6.4pp -29.1%+67.3pp -96.4%
Current Ratio 3.34+0.7 2.66-0.2 2.87+0.6 2.27-0.9 3.13-0.1 3.25-2.0 5.26+2.2 3.09
Debt-to-Equity 0.03-0.0 0.040.0 0.03-0.0 0.06+0.0 0.040.0 0.04+0.0 0.02-0.0 0.05
FCF Margin -1709.9%-1125.7pp -584.2%-99.9pp -484.3%+999.4pp -1483.6%-505.3pp -978.3%-300.3pp -678.0%+574.9pp -1252.8% N/A

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Frequently Asked Questions

60 degrees pharmaceuticals, Inc. (SXTP) reported $1.0M in total revenue for fiscal year 2025. This represents a 65.5% 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.

60 degrees pharmaceuticals, Inc. (SXTP) revenue grew by 65.5% year-over-year, from $608K to $1.0M in fiscal year 2025.

No, 60 degrees pharmaceuticals, Inc. (SXTP) reported a net income of -$7.4M in fiscal year 2025, with a net profit margin of -732.5%.

60 degrees pharmaceuticals, Inc. (SXTP) reported diluted earnings per share of $-11.73 for fiscal year 2025. 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.

60 degrees pharmaceuticals, Inc. (SXTP) had EBITDA of -$7.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, 60 degrees pharmaceuticals, Inc. (SXTP) had $1.5M in cash and equivalents against $144K in long-term debt.

60 degrees pharmaceuticals, Inc. (SXTP) had a gross margin of 22.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

60 degrees pharmaceuticals, Inc. (SXTP) had an operating margin of -771.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

60 degrees pharmaceuticals, Inc. (SXTP) had a net profit margin of -732.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

60 degrees pharmaceuticals, Inc. (SXTP) has a return on equity of -212.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

60 degrees pharmaceuticals, Inc. (SXTP) generated -$7.0M in free cash flow during fiscal year 2025. This represents a -21.5% change compared to the previous fiscal year. 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.

60 degrees pharmaceuticals, Inc. (SXTP) generated -$6.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

60 degrees pharmaceuticals, Inc. (SXTP) had $5.4M in total assets as of fiscal year 2025, including both current and long-term assets.

60 degrees pharmaceuticals, Inc. (SXTP) invested $140K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

60 degrees pharmaceuticals, Inc. (SXTP) invested $2.1M in research and development during fiscal year 2025.

60 degrees pharmaceuticals, Inc. (SXTP) had 1M shares outstanding as of fiscal year 2025.

60 degrees pharmaceuticals, Inc. (SXTP) had a current ratio of 2.66 as of fiscal year 2025, which is generally considered healthy.

60 degrees pharmaceuticals, Inc. (SXTP) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

60 degrees pharmaceuticals, Inc. (SXTP) had a return on assets of -137.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, 60 degrees pharmaceuticals, Inc. (SXTP) had $1.5M in cash against an annual operating cash burn of $6.8M. This gives an estimated cash runway of approximately 3 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.

60 degrees pharmaceuticals, Inc. (SXTP) has a Piotroski F-Score of 3 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

60 degrees pharmaceuticals, Inc. (SXTP) has an earnings quality ratio of 0.93x, 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.

60 degrees pharmaceuticals, Inc. (SXTP) has an interest coverage ratio of -994.1x, meaning it can struggle to cover its interest obligations. 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.

60 degrees pharmaceuticals, Inc. (SXTP) scores 42 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.

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