Surrozen, Inc. income statement
In fiscal 2025, Surrozen, Inc. reported revenue of $3.5m, down 67.4% on the year before, operating income of −$42.1m (a -1210.6% margin) and net income of −$242m, or −$32.37 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 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 13 | 0 | 11 | 3 | 12 |
| Research and development | 40 | 37 | 27 | 21 | 29 | 35 |
| General and administrative | 14 | 20 | 16 | 15 | 16 | 21 |
| Operating income | −54 | −44 | −46 | −26 | −42 | −44 |
| Income before tax | — | — | — | −64 | −242 | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | — |
| Net income | −55 | −36 | −43 | −64 | −242 | −332 |
| Diluted EPS | −$33.15 | −$15.56 | −$21.33 | −$21.67 | −$32.37 | — |
| Diluted shares (average) | — | — | — | 3m | 7m | — |
| EBITDA | −52 | −42 | −44 | −24 | −42 | −44 |
| 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 | 10 | 1 | 1 | 1 | 1 | 1 | 5 | 5 |
| Research and development | 5 | 5 | 7 | 6 | 8 | 9 | 9 | 8 |
| General and administrative | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 7 |
| Operating income | 1 | −9 | −10 | −9 | −11 | −13 | −10 | −10 |
| Income tax | — | — | 0 | 0 | — | — | 0 | 0 |
| Net income | −1 | −28 | −27 | 40 | −72 | −183 | −128 | 50 |
| Diluted EPS | −$0.22 | −$4.55 | −$3.71 | $1.27 | −$4.18 | −$11.94 | −$5.83 | −$0.41 |
| EBITDA | 2 | −8 | −9 | −9 | −11 | −13 | −10 | −10 |
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