Scilex Holding Co income statement
In fiscal 2025, Scilex Holding Co reported revenue of $30.3m, down 46.5% on the year before, operating income of −$346m (a -1143.7% margin) and net income of −$374m, or −$36.48 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 | 24 | 31 | 38 | 47 | 57 | 30 | 32 |
| Cost of revenue | 2 | 4 | 11 | 16 | 17 | 11 | 14 |
| Gross profit | 21 | 28 | 27 | 31 | 167 | 126 | 18 |
| Research and development | 10 | 9 | 9 | 13 | 10 | 21 | 19 |
| Selling, general and administrative | 43 | 51 | 65 | 120 | 119 | 267 | 278 |
| Operating income | −35 | −36 | −51 | −105 | −83 | −346 | −359 |
| Interest expense | 13 | 12 | 10 | 1 | 2 | 11 | 16 |
| Income before tax | −48 | −88 | −23 | −114 | −73 | −374 | −465 |
| Income tax | −0 | 0 | 0 | 0 | −0 | 0 | — |
| Net income | −48 | −88 | −23 | −114 | −73 | −374 | −465 |
| Diluted EPS | −$2.54 | −$338.34 | −$85.85 | −$646.38 | −$8.05 | −$36.48 | — |
| Diluted shares (average) | 19m | — | — | 258m | — | 11m | — |
| EBITDA | −31 | −32 | −47 | −101 | −79 | −341 | −354 |
| 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 | 14 | 15 | 5 | 10 | 11 | 5 | 9 | 8 |
| Cost of revenue | 4 | 5 | 1 | 3 | 3 | 3 | 4 | 4 |
| Gross profit | 11 | 10 | 18 | 40 | 7 | 2 | 26 | 16 |
| Research and development | 2 | 2 | 2 | 6 | 4 | 8 | 3 | 3 |
| Selling, general and administrative | 30 | 35 | 28 | 20 | 189 | 30 | 31 | 28 |
| Operating income | −20 | −28 | −28 | −21 | −187 | −111 | −32 | −29 |
| Interest expense | 1 | 0 | 2 | 3 | 3 | 3 | 4 | 6 |
| Provision for credit losses | — | — | 0 | 0 | 0 | — | 1 | 0 |
| Income before tax | −4 | −6 | −26 | −44 | −258 | −46 | −46 | −115 |
| Income tax | 0 | −0 | — | 0 | 0 | 0 | — | 0 |
| Net income | −4 | −6 | −26 | −44 | −258 | −46 | −46 | −115 |
| Diluted EPS | −$0.58 | $4.72 | −$2.26 | −$7.42 | −$22.17 | −$4.60 | −$6.28 | −$16.65 |
| EBITDA | −20 | −27 | −27 | −21 | −187 | −110 | −29 | −29 |
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