NRX Pharmaceuticals, Inc. income statement
In fiscal 2025, NRX Pharmaceuticals, Inc. reported revenue of $1.2m, operating income of −$16.2m (a -1324.4% margin) and net income of −$28.6m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 3 |
| Cost of revenue | — | 0 | 1 | 2 |
| Gross profit | — | 0 | 1 | 2 |
| Research and development | 13 | 6 | 4 | 5 |
| Selling, general and administrative | — | 14 | 13 | 16 |
| General and administrative | 14 | — | — | — |
| Operating income | −28 | −19 | −16 | −20 |
| Interest expense | 0 | 0 | 1 | 1 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | −30 | −25 | −29 | −23 |
| Diluted shares (average) | 15m | 21m | 21m | — |
| EBITDA | −28 | −18 | −16 | −20 |
| 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 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Gross profit | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Selling, general and administrative | 2 | 3 | 3 | 3 | 3 | 5 | 4 | 5 |
| Operating income | −3 | −2 | −4 | −4 | −4 | −5 | −5 | −7 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −2 | −9 | −6 | −18 | −6 | 0 | −1 | −17 |
| EBITDA | −3 | −2 | −4 | −4 | −4 | −5 | −5 | −6 |
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