Nexgel, Inc. income statement
In fiscal 2025, Nexgel, Inc. reported revenue of $11.4m, up 31.5% on the year before, operating income of −$3.4m (a -29.3% margin) and net income of −$3.0m, or −$0.38 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 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 1 | 1 | 2 | 2 | 4 | 9 | 11 | 12 |
| Cost of revenue | 2 | 1 | 1 | 2 | 2 | 4 | 6 | 7 | 8 |
| Gross profit | 1 | −0 | −0 | 0 | 0 | 0 | 3 | 5 | 4 |
| Research and development | — | — | — | 0 | 0 | 0 | 0 | 0 | — |
| Selling, general and administrative | 2 | 2 | 2 | 3 | 3 | 4 | 6 | 8 | 10 |
| Operating income | −2 | −2 | −2 | −3 | −3 | −3 | −4 | −3 | −5 |
| Interest expense | — | — | — | — | 1 | 0 | 0 | 0 | — |
| Income before tax | — | — | — | — | −5 | −3 | −3 | −3 | −6 |
| Income tax | — | 0 | 0 | 0 | 0 | — | — | — | — |
| Net income | −2 | −2 | −2 | −4 | −5 | −3 | −3 | −3 | −6 |
| Diluted EPS | −$0.01 | −$0.00 | −$0.04 | −$0.05 | −$0.85 | −$0.56 | −$0.50 | −$0.38 | −$0.74 |
| Diluted shares (average) | 143m | 388m | 64m | 85m | 6m | 6m | 7m | 8m | 8m |
| EBITDA | −2 | −2 | −2 | −2 | −3 | −3 | −3 | −3 | −4 |
| 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 | 2,940 | 3,041 | 2,806 | 2,884 | 2,934 | 2,796 | 2,650 | 3,686 |
| Cost of revenue | 1,785 | 1,967 | 1,618 | 1,626 | 1,691 | 1,977 | 1,589 | 2,577 |
| Gross profit | 1,155 | 1,074 | 1,188 | 1,258 | 1,243 | 819 | 1,061 | 1,109 |
| Research and development | 0 | 0 | 1 | 0 | 7 | −6 | — | 20 |
| Selling, general and administrative | 1,943 | 1,915 | 1,964 | 1,894 | 1,961 | 2,039 | 2,019 | 3,594 |
| Operating income | −788 | −841 | −777 | −636 | −725 | −1,214 | −958 | −2,505 |
| Interest expense | 20 | 14 | — | — | — | — | — | — |
| Income before tax | −754 | −824 | −678 | −640 | −647 | −928 | −871 | −3,606 |
| Net income | −693 | −850 | −712 | −665 | −653 | −970 | −927 | −3,635 |
| Diluted EPS | −$0.11 | −$0.11 | −$0.09 | −$0.09 | −$0.08 | −$0.12 | −$0.11 | −$0.40 |
| EBITDA | −604 | −733 | −663 | −525 | −612 | −1,102 | −859 | −1,678 |
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