Dare Bioscience, Inc. income statement
In fiscal 2025, Dare Bioscience, Inc. reported revenue of $1.0m, up 10429.4% on the year before, operating income of −$13.6m (a -1315.5% margin) and net income of −$13.4m, or −$1.20 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2016Dec 2016 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 1 | 0 | 10 | 3 | 0 | 1 | 1 |
| Cost of revenue | — | — | — | — | — | — | — | 0 | 0 | — |
| Gross profit | — | — | — | — | — | — | — | 0 | 1 | — |
| Research and development | 16 | 10 | 12 | 0 | 31 | 30 | 22 | 14 | 6 | 3 |
| Selling, general and administrative | — | — | — | — | — | — | — | 9 | 9 | — |
| General and administrative | 6 | 6 | 9 | 0 | 8 | 11 | 12 | — | — | — |
| Operating income | — | — | — | −1 | −39 | −31 | −31 | −23 | −14 | −11 |
| Interest expense | 1 | 1 | 1 | 0 | — | — | — | — | — | — |
| Income before tax | — | — | — | −1 | −39 | −31 | −30 | −4 | −14 | — |
| Income tax | — | — | — | — | 0 | 0 | 0 | 0 | 0 | — |
| Net income | −22 | −17 | −23 | −1 | −39 | −31 | −30 | −4 | −13 | −11 |
| Diluted EPS | −$4366.80 | −$3006.00 | −$192.00 | −$9.72 | −$0.63 | −$0.37 | −$4.15 | −$0.48 | −$1.20 | −$0.78 |
| Diluted shares (average) | — | — | — | — | 5m | 7m | 7m | 8m | 11m | 14m |
| EBITDA | — | — | — | −0 | −39 | −31 | −31 | −23 | −12 | −9 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | −64 | 25 | −21 | 2 | 1,024 | 152 | 188 |
| Cost of revenue | — | — | 0 | 0 | — | — | 242 | 320 |
| Gross profit | — | — | 25 | −21 | — | — | −90 | −132 |
| Research and development | 2,682 | 3,336 | 2,297 | 1,429 | 1,175 | 622 | 660 | 242 |
| Selling, general and administrative | — | — | 2,309 | 2,378 | — | — | 2,249 | 2,594 |
| General and administrative | 2,041 | 1,996 | — | — | 2,499 | — | — | — |
| Operating income | −4,681 | −5,388 | −4,581 | −3,828 | −3,672 | −1,471 | −2,999 | −2,968 |
| Net income | −4,703 | −5,506 | −4,378 | −4,016 | −3,563 | −1,442 | −3,000 | −2,983 |
| Diluted EPS | −$0.55 | −$0.65 | −$0.50 | −$0.45 | −$0.28 | −$0.02 | −$0.21 | −$0.20 |
| EBITDA | −4,672 | −5,382 | −4,405 | −3,374 | −3,202 | −937 | −2,444 | −2,396 |
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