Niagen Bioscience, Inc. income statement
In fiscal 2025, Niagen Bioscience, Inc. reported revenue of $129m, up 29.9% on the year before, operating income of $16.3m (a 12.6% margin) and net income of $17.4m, or $0.20 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 | 2010Jan 2011 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Jan 2015 | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 8 | 12 | 10 | 15 | 18 | 22 | 21 | 32 | 46 | 59 | 67 | 72 | 84 | 100 | 129 | 129 |
| Cost of revenue | 5 | 6 | 9 | 7 | 10 | 10 | 11 | 11 | 16 | 21 | 24 | 26 | 29 | 33 | 38 | 46 | 46 |
| Gross profit | 3 | 2 | 2 | 3 | 5 | 8 | 10 | 10 | 16 | 26 | 35 | 41 | 43 | 51 | 62 | 83 | 83 |
| Research and development | — | 0 | 0 | 0 | 1 | 1 | 3 | 4 | 5 | 4 | 3 | 4 | 5 | 5 | 6 | 6 | 6 |
| Selling and marketing | 1 | 3 | 6 | 2 | 2 | 2 | 2 | 4 | 17 | 18 | 21 | 28 | 28 | 26 | 29 | 36 | 39 |
| General and administrative | 4 | 8 | 8 | 5 | 8 | 7 | 9 | 18 | 27 | 34 | 31 | 36 | 28 | 25 | 18 | 27 | 29 |
| Operating income | −2 | −8 | −12 | −4 | −5 | −2 | −3 | −16 | −33 | −31 | −20 | −27 | −19 | −6 | 8 | 16 | 11 |
| Interest expense | 0 | −0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | — | — | — | — | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | −0 | 0 | 1 | — | — | — |
| Income before tax | — | — | — | −4 | −5 | −3 | −4 | −17 | — | — | — | — | — | −5 | 9 | 18 | 17 |
| Income tax | — | — | — | — | 0 | −0 | 0 | 0 | — | — | — | — | — | 0 | 0 | 1 | 1 |
| Net income | −2 | −8 | −12 | −4 | −5 | −3 | −3 | −11 | −33 | −32 | −20 | −27 | −17 | −5 | 9 | 17 | 16 |
| Diluted EPS | −$0.12 | −$0.12 | −$0.13 | −$0.04 | −$0.15 | −$0.08 | −$0.08 | −$0.26 | −$0.61 | −$0.56 | −$0.33 | −$0.40 | −$0.24 | −$0.07 | $0.11 | $0.20 | $0.19 |
| Diluted shares (average) | 16m | 25m | 32m | 34m | 35m | 36m | 37m | 45m | 55m | 57m | 61m | 67m | 70m | 75m | 78m | 85m | 85m |
| EBITDA | −2 | −8 | −11 | −4 | −5 | −2 | −3 | −16 | −33 | −31 | −19 | −26 | −18 | −5 | 8 | 17 | 11 |
| 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 | 26 | 29 | 30 | 31 | 34 | 34 | 31 | 30 |
| Cost of revenue | 9 | 11 | 11 | 11 | 12 | 12 | 11 | 10 |
| Gross profit | 16 | 18 | 19 | 20 | 22 | 22 | 20 | 19 |
| Research and development | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 |
| Selling and marketing | 7 | 9 | 8 | 8 | 9 | 10 | 10 | 10 |
| General and administrative | 6 | 1 | 5 | 7 | 7 | 7 | 7 | 7 |
| Operating income | 2 | 7 | 5 | 3 | 4 | 4 | 2 | 1 |
| Income before tax | 2 | 7 | 5 | 4 | 5 | 4 | 7 | 1 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 2 | 7 | 5 | 4 | 5 | 4 | 6 | 1 |
| Diluted EPS | $0.02 | $0.09 | $0.06 | $0.04 | $0.05 | $0.05 | $0.07 | $0.01 |
| EBITDA | 2 | 7 | 5 | 3 | 4 | 4 | 2 | 1 |
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