Where Scilex stands after its latest 10-Q
Revenue for the twelve months to June 2026 was $32m, down 28.5% on a year earlier, a smaller fall than the 33.2% decline a quarter earlier. Free-cash-flow margin fell to -70.7% from 42.3% a year earlier. Operating margin narrowed to -1136.4% from -218.6%. It passes 0 of our 3 financial-health checks.
Our model value for Scilex Holding is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation