Longeveron Inc. income statement
In fiscal 2025, Longeveron Inc. reported revenue of $1.2m, down 49.9% on the year before, operating income of −$23.3m (a -1942.2% margin) and net income of −$22.7m, or −$1.29 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 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 6 | 1 | 1 | 1 | 2 | 1 | 1 |
| Cost of revenue | 4 | 1 | 1 | 0 | 1 | 0 | 0 |
| Gross profit | 2 | 1 | 0 | 0 | 2 | 1 | 1 |
| Research and development | 3 | 7 | 9 | 9 | 8 | 12 | 12 |
| Selling and marketing | 0 | 1 | 1 | 1 | — | — | — |
| General and administrative | 3 | 10 | 8 | 12 | 10 | 12 | 12 |
| Operating income | −4 | −17 | −18 | −21 | −17 | −23 | −24 |
| Interest expense | 0 | 0 | 1 | — | — | — | — |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 |
| Net income | −4 | −17 | −19 | −21 | −16 | −23 | −23 |
| Diluted EPS | −$0.23 | −$0.90 | −$0.90 | −$10.22 | −$2.62 | −$1.29 | — |
| Diluted shares (average) | 16m | 19m | 21m | 2,173m | 9,411m | 17,577m | — |
| EBITDA | −4 | −17 | −17 | −20 | −16 | −22 | −23 |
| 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 | 773 | 603 | 381 | 316 | 137 | 365 | 398 | 287 |
| Cost of revenue | 91 | 73 | 106 | 170 | 12 | 108 | 134 | 105 |
| Gross profit | 682 | 530 | 275 | 146 | 125 | 257 | 264 | 182 |
| Research and development | 2,206 | 1,989 | 2,515 | 2,954 | 3,852 | 2,720 | 2,319 | 3,194 |
| General and administrative | 3,125 | 2,822 | 2,941 | 2,589 | 3,583 | 2,936 | 2,720 | 3,159 |
| Operating income | −4,649 | −4,281 | −5,181 | −5,397 | −7,310 | −5,399 | −4,775 | −6,171 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −4,419 | −4,081 | −5,011 | −5,028 | −7,221 | −5,444 | −4,736 | −6,073 |
| Diluted EPS | −$0.34 | $0.09 | −$0.34 | −$0.33 | −$0.39 | −$0.22 | −$0.19 | −$0.19 |
| EBITDA | −4,449 | −4,081 | −4,981 | −5,197 | −7,110 | −5,199 | −4,575 | −5,971 |
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