Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsLatest reported free cash flow was -$103M.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$103M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 5 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +29.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +395.2 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Zembrace Symtouch$9.31M71.1%+9.0% yoy
- Tosymra$2.37M18.1%+53.2% yoy
- Tonmya$1.42M10.8%no prior
Members sum to the consolidated $13.1M for this period.
- Tonmya$11M80.9%no prior
- Zembrace Symtouch$2M14.7%no prior
- Tosymra$594K4.4%no prior
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 790 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $13M | 13thof 3,247 bottom third | 25thof 512 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 29.9% | 85thof 3,083 top third | 75thof 464 top third |
Operating margin operating income ÷ revenue | -959.0% | 7thof 2,777 bottom third | 21stof 474 bottom third |
Net margin net income ÷ revenue | -946.2% | 6thof 3,212 bottom third | 19thof 508 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -787.5% | 5thof 2,640 bottom third | 17thof 425 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -50.6% | 19thof 3,520 bottom third | 42ndof 693 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 45.9% | 10thof 2,852 bottom third | 27thof 466 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 175 days | 4thof 2,373 bottom third | 8thof 382 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -11.0% | 75thof 3,845 top third | 66thof 752 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -27.4% | 83rdof 3,301 top third | 71stof 662 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 20 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-03-31 | 80,879,108 shares 10-Q 2024-05-13 | 27,886 shares 10-Q 2025-05-12 | -100.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-03-31 | 80,879,108 shares 10-Q 2024-05-13 | 27,886 shares 10-Q 2025-05-12 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2023-12-31 | 17,039,309 shares 10-K 2024-04-01 | 7,925 shares 10-K 2025-03-18 | -100.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2023-12-31 | 17,039,309 shares 10-K 2024-04-01 | 7,925 shares 10-K 2025-03-18 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-06-30 | 4,085,132 shares 10-Q 2024-08-16 | 41,011 shares 10-Q 2025-08-11 | -99.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-06-30 | 4,085,132 shares 10-Q 2024-08-16 | 41,011 shares 10-Q 2025-08-11 | -99.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-09-30 | 62,122,283 shares 10-Q 2024-11-12 | 626,669 shares 10-Q 2025-11-10 | -99.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-09-30 | 62,122,283 shares 10-Q 2024-11-12 | 626,669 shares 10-Q 2025-11-10 | -99.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-03-31 | 522,060,899 shares 10-Q 2022-05-09 | 16,445,010 shares 10-Q 2023-05-08 | -96.8% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-03-31 | 522,060,899 shares 10-Q 2022-05-09 | 16,445,010 shares 10-Q 2023-05-08 | -96.8% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-09-30 | 15,327,558 shares 10-Q 2023-11-09 | 724,190 shares 10-Q 2024-11-12 | -95.3% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-09-30 | 15,327,558 shares 10-Q 2023-11-09 | 724,190 shares 10-Q 2024-11-12 | -95.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-06-30 | 10,587,096 shares 10-Q 2023-08-10 | 576,047 shares 10-Q 2024-08-16 | -94.6% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-06-30 | 10,587,096 shares 10-Q 2023-08-10 | 576,047 shares 10-Q 2024-08-16 | -94.6% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-06-30 | 22,404,371 shares 10-Q 2022-08-08 | 3,584,699 shares 10-Q 2023-08-10 | -84.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-06-30 | 22,404,371 shares 10-Q 2022-08-08 | 3,584,699 shares 10-Q 2023-08-10 | -84.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-03-31 | 63,352,898 shares 10-Q 2023-05-08 | 10,268,500 shares 10-Q 2024-05-13 | -83.8% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-03-31 | 63,352,898 shares 10-Q 2023-05-08 | 10,268,500 shares 10-Q 2024-05-13 | -83.8% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-09-30 | 41,944,289 shares 10-Q 2022-11-07 | 6,843,099 shares 10-Q 2023-11-09 | -83.7% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-09-30 | 41,944,289 shares 10-Q 2022-11-07 | 6,843,099 shares 10-Q 2023-11-09 | -83.7% | first · latest |
2 share-count periods re-presented for a stock split (1-for-6) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for TNXP yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.