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NRXP logoNRx Pharmaceuticals, Inc.(NRXP)Earnings, Financials & Key Ratios

NRXP•NASDAQ
$3.05
$84M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryNeuroscience and Psychiatry Therapies
AboutNRX Pharmaceuticals, Inc., a clinical-stage pharmaceutical company, develops novel therapeutics for the treatment of central nervous system disorders and life-threatening pulmonary diseases. Its products include ZYESAMI, an investigational drug that has completed a Phase IIb/III clinical study for COVID-19 related respiratory failure; and NRX-100 and NRX-101 oral therapeutics for the treatment of bipolar depression in patients with acute suicidal behavior/ideation and sub-acute suicidal ideation and behavior. The company was founded in 2015 and is based in Wilmington, Delaware.Show more
  • Revenue$1M
  • EBITDA-$16M+18.0%
  • Net Income-$29M-13.9%
  • EPS (Diluted)-1.34+43.9%
  • EBITDA Margin-1318.69%
  • Operating Margin-1324.41%
  • Net Margin-2336.49%
  • Interest Coverage-24.18-32.4%
Technical→

NRXP Key Insights

NRx Pharmaceuticals, Inc. (NRXP) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 85 (top 15%)

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

NRXP Price & Volume

NRx Pharmaceuticals, Inc. (NRXP) stock price & volume — 10-year historical chart

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NRXP Growth Metrics

NRx Pharmaceuticals, Inc. (NRXP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-86.76%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-44.83%

Return on Capital

10 Years-186.53%
5 Years-371.63%
3 Years-
Last Year-

NRXP Peer Comparison

NRx Pharmaceuticals, Inc. (NRXP) competitors in Neuroscience and Psychiatry Therapies — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AXSM logoAXSMAxsome Therapeutics, Inc.Direct Competitor11.46B222.63-60.5065.55%-26.59%-260.01%2.73
ALTO logoALTOAlto Ingredients, Inc.Direct Competitor429.75M5.5634.75-4.9%1.45%6%0.40
INMB logoINMBINmune Bio, Inc.Direct Competitor40.41M1.52-0.72-90.97%-997.74%-172%0.01
ATAI logoATAIAtai Beckley N.VProduct Competitor1B4.17-4.48-1.91%-51.09%-96.43%0.21
CMPS logoCMPSCOMPASS Pathways plcProduct Competitor937.8M9.76-3.17-335.93%
MNMD logoMNMDMind Medicine (MindMed) Inc.Product Competitor2.04B20.69-10.04-55.3%
NRXS logoNRXSNeurAxis, Inc.Product Competitor93.85M8.81-9.2732.89%-218.55%-306.02%0.06
PFE logoPFEPfizer Inc.Supply Chain150.77B26.5119.49-1.65%11.83%8.34%0.78

Compare NRXP vs Peers

NRx Pharmaceuticals, Inc. (NRXP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AXSM

Most directly comparable listed peer for NRXP.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare NRXP against a more recognizable public peer.

Peer Set

Compare Top 5

vs AXSM, ALTO, INMB, ATAI

NRXP Income Statement

NRx Pharmaceuticals, Inc. (NRXP) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue000000001.23M242K
Revenue Growth %----------
Cost of Goods Sold01.01M02K2K4K5K5K098K
COGS % of Revenue----------
Gross Profit
0▲ 0%
-1.01M▲ 0%
0▲ 100.0%
-2K▲ 0%
-2K▲ 0.0%
-4K▼ 100.0%
-5K▼ 25.0%
-5K▲ 0.0%
0▲ 100.0%
144K▲ 0%
Gross Margin %---------59.5%
Gross Profit Growth %--100%-0%-100%-25%0%100%-
Operating Expenses00713.19K22.06M95.2M44.33M27.58M19.7M17.45M15.38M
OpEx % of Revenue--------1424.41%-
Selling, General & Admin01.01M713.19K11.43M74.94M27.3M14.21M13.5M13.06M11.09M
SG&A % of Revenue--------1066.2%-
Research & Development00010.63M20.26M17.03M13.37M6.2M3.78M4.26M
R&D % of Revenue--------308.33%-
Other Operating Expenses00000000611K32K
Operating Income
0▲ 0%
-1.01M▲ 0%
-713.19K▲ 29.1%
-22.06M▼ 2993.3%
-95.2M▼ 331.5%
-44.34M▲ 53.4%
-27.59M▲ 37.8%
-19.7M▲ 28.6%
-16.22M▲ 17.7%
-15.23M▲ 0%
Operating Margin %---------1324.41%-6295.45%
Operating Income Growth %--29.14%-2993.3%-331.54%53.43%37.78%28.58%17.66%-
EBITDA-105K82.41K492.63K-22.06M-95.2M-44.33M-27.58M-19.7M-16.15M-30.71M
EBITDA Margin %---------1318.69%-12688.84%
EBITDA Growth %-178.49%497.77%-4577.78%-331.57%53.43%37.78%28.58%18%-50%
D&A (Non-Cash Add-back)52.52K002K2K4K5K5K70K44K
EBIT-105K82.41K492.63K-51.72M-93.05M-39.75M-30.03M-24.05M0-38.06M
Net Interest Income001.21M-55.94K-17.98K249K374K-1.03M012K
Interest Income01.09M1.21M5618249K494K44K-12K12K
Interest Expense00056K18K0120K1.08M671K0
Other Income/Expense-105K1.09M1.21M-29.72M2.14M4.58M-2.56M-5.42M-12.4M-22.83M
Pretax Income
-105K▲ 0%
82.41K▲ 178.5%
492.63K▲ 497.8%
-51.78M▼ 10610.3%
-93.06M▼ 79.7%
-39.75M▲ 57.3%
-30.15M▲ 24.2%
-25.13M▲ 16.7%
-28.62M▼ 13.9%
-38.06M▲ 0%
Pretax Margin %---------2336.49%-15727.69%
Income Tax016.31K84.21K0000000
Effective Tax Rate %0%19.79%17.09%0%0%0%0%0%0%0%
Net Income
-105K▲ 0%
66.1K▲ 163.0%
408.43K▲ 517.9%
-51.78M▼ 12777.2%
-93.06M▼ 79.7%
-39.75M▲ 57.3%
-30.15M▲ 24.2%
-25.13M▲ 16.7%
-28.62M▼ 13.9%
-38.06M▲ 0%
Net Margin %---------2336.49%-15727.69%
Net Income Growth %-162.95%517.88%-12777.17%-79.74%57.28%24.16%16.66%-13.91%-86.76%
Net Income (Continuing)-105K66.1K408.43K-51.78M-93.06M-39.75M-30.15M-25.13M-28.62M-38.06M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)
-0.12▲ 0%
0.07▲ 161.8%
0.80▲ 979.6%
-1.51▼ 288.8%
-7.44▼ 392.7%
-0.60▲ 91.9%
-3.98▼ 563.3%
-2.39▲ 39.9%
-1.34▲ 43.9%
-1.71▲ 0%
EPS Growth %-161.75%979.62%-288.75%-392.72%91.94%-563.33%39.95%43.93%-44.83%
EPS (Basic)-0.120.070.80-1.51-7.44-0.60-3.98-2.39-1.34-
Diluted Shares Outstanding903.55K892.5K508.83K546.59K46.92M65.77M7.58M10.52M21.4M22.23M
Basic Shares Outstanding903.55K892.5K508.83K546.59K46.92M65.77M7.58M10.52M21.4M22.23M
Dividend Payout Ratio----------

NRXP Balance Sheet

NRx Pharmaceuticals, Inc. (NRXP) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets536.38K30.19K69.49K2.93M32.71M25.8M6.88M3.3M8.89M11.95M
Cash & Short-Term Investments449.37K11.08K61.86M27.61M20.05M4.59M1.44M7.8M7.18M
Cash Only449.37K11.08K61.86M27.61M20.05M4.59M1.44M7.8M7.18M
Short-Term Investments0000000000
Accounts Receivable000831K07K6K0161K239K
Days Sales Outstanding--------47.9790.12
Inventory000214K000000
Days Inventory Outstanding---39.05K------
Other Current Assets87K19.11K026K0000934K4.52M
Total Non-Current Assets69.03M70.77M32.01M11K15K21K431K349K4.06M3.05M
Property, Plant & Equipment00000000633K350K
Fixed Asset Turnover--------1.94x2.77x
Goodwill000000001.79M610K
Intangible Assets00000000925K1.78M
Long-Term Investments69.03M70.77M32.01M00000397K0
Other Non-Current Assets00011K15K21K431K349K316K1.24M
Total Assets
69.57M▲ 0%
70.8M▲ 1.8%
32.07M▼ 54.7%
2.94M▼ 90.8%
32.73M▲ 1012.9%
25.82M▼ 21.1%
7.32M▼ 71.7%
3.65M▼ 50.1%
12.96M▲ 254.9%
15M▲ 0%
Asset Turnover--------0.09x0.03x
Asset Growth %-1.77%-54.69%-90.83%1012.85%-21.12%-71.66%-50.09%254.86%278.27%
Total Current Liabilities93.17K567.41K622.44K46.16M11.92M15.59M19.05M21.86M28.58M40.59M
Accounts Payable85.67K551.1K03.15M3.69M2.08M4.63M4.13M4.27M4.26M
Days Payables Outstanding-199.85-575.42K672.88K189.44K338.14K301.49K-15.2K
Short-Term Debt000249K518K7.7M9.16M1.57M316K189K
Deferred Revenue (Current)0000000000
Other Current Liabilities7.5K0622.44K04.87M37K4.42M10.93M28.26M36.15M
Current Ratio5.76x0.05x0.11x0.06x2.74x1.66x0.36x0.15x0.31x0.31x
Quick Ratio5.76x0.05x0.11x0.06x2.74x1.66x0.36x0.15x0.31x0.31x
Cash Conversion Cycle----------15.11K
Total Non-Current Liabilities0690K1.95M548K02.82M05.01M315K158K
Long-Term Debt0690K1.95M548K02.82M05.01M315K158K
Capital Lease Obligations0000000000
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000000000
Total Liabilities93.17K1.26M2.57M46.71M11.92M18.41M19.05M26.87M28.89M40.75M
Total Debt0690K1.95M797K518K10.53M9.16M6.58M631K347K
Net Debt-449.37K678.92K1.95M-1.06M-27.09M-9.53M4.57M5.13M-7.17M-6.84M
Debt / Equity-0.01x0.07x-0.02x1.42x----0.01x
Debt / EBITDA-8.37x3.96x-------0.01x
Net Debt / EBITDA-8.24x3.96x------0.22x
Interest Coverage----393.95x-5288.94x--229.89x-18.26x-24.18x-
Total Equity
69.47M▲ 0%
69.54M▲ 0.1%
29.5M▼ 57.6%
-43.77M▼ 248.4%
20.81M▲ 147.5%
7.41M▼ 64.4%
-11.73M▼ 258.4%
-23.22M▼ 97.9%
-15.94M▲ 31.4%
-25.75M▲ 0%
Equity Growth %-0.1%-57.58%-248.37%147.53%-64.39%-258.36%-97.93%31.37%-295.39%
Book Value per Share76.8977.9157.98-80.080.440.11-1.55-2.21-0.74-1.16
Total Shareholders' Equity69.47M69.54M29.5M-43.77M20.81M7.41M-11.73M-23.22M-15.94M-25.75M
Common Stock64.48M64.54M24.5M43K59K67K84K15K32K28K
Retained Earnings-105.03K-38.93K369.5K-90.18M-183.24M-223M-253.15M-278.27M-306.89M-307.26M
Treasury Stock0000000000
Accumulated OCI000000-3K000
Minority Interest0000000000

NRXP Cash Flow Statement

NRx Pharmaceuticals, Inc. (NRXP) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations-135.81K-473.19K-792.73K-2.27M-37.7M-39.76M-21.66M-10.64M-14.11M-14.11M
Operating CF Margin %---------1152%-
Operating CF Growth %--248.43%-67.53%-185.72%-1564.59%-5.44%45.52%50.88%-32.67%19.05%
Net Income-105.03K66.1K408.43K-51.78M-93.06M-39.75M-30.15M-25.13M-28.62M-38.06M
Depreciation & Amortization0002K2K4K5K5K143K42K
Stock-Based Compensation000730K7.79M3.63M387K486K228K122K
Deferred Taxes0000000000
Other Non-Cash Items-115.11K-1.55M-1.21M45.33M52.47M-4.33M2.94M8.71M14.14M25.43M
Working Capital Changes-1.33K549.63K4.66K3.45M-4.9M699K5.16M5.29M0599K
Change in Receivables000-831K831K00048K0
Change in Inventory0000000000
Change in Payables85.67K465.43K01.18M-19K-1.61M2.65M-5.22M113K100K
Cash from Investing-69M-647.61K40.25M-2K-7K-10K-3K0-2.81M-2.56M
Capital Expenditures000-2K-7K-10K-3K000
CapEx % of Revenue----------
Acquisitions00000000-2.38M-2.56M
Investments----------
Other Investing-69M-647.61K000000-432K0
Cash from Financing69.59M682.5K-39.46M3.25M63.46M32.21M6.2M7.49M23.28M19.96M
Debt Issued (Net)0690K1.26M620K-1.28M9.5M-3.09M-1.5M08.15M
Equity Issued (Net)69.59M-7.5K-40.73M2.63M36.98M22.7M9.29M5.91M012.16M
Dividends Paid0000000000
Share Repurchases70.03M0-40.73M0000000
Other Financing000027.75M10K03.07M23.28M-351K
Net Change in Cash
449.37K▲ 0%
-438.3K▼ 197.5%
-11.07K▲ 97.5%
982K▲ 8968.4%
25.75M▲ 2521.8%
-7.55M▼ 129.3%
-15.46M▼ 104.7%
-3.15M▲ 79.6%
6.35M▲ 301.6%
5.54M▲ 0%
Free Cash Flow
-135.81K▲ 0%
-473.19K▼ 248.4%
-792.73K▼ 67.5%
-2.27M▼ 186.0%
-37.71M▼ 1563.4%
-39.77M▼ 5.4%
-21.66M▲ 45.5%
-10.64M▲ 50.9%
-14.11M▼ 32.7%
-11.86M▲ 0%
FCF Margin %---------1152%-4902.07%
FCF Growth %--248.43%-67.53%-185.97%-1563.43%-5.45%45.53%50.89%-32.67%6.39%
FCF per Share-0.15-0.53-1.56-4.15-0.80-0.60-2.86-1.01-0.66-0.66
FCF Conversion (FCF/Net Income)1.29x-7.16x-1.94x0.04x0.41x1.00x0.72x0.42x0.49x0.31x
Interest Paid000000885K374K00
Taxes Paid0000000000

NRXP Key Ratios

NRx Pharmaceuticals, Inc. (NRXP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025TTM
Return on Equity (ROE)0.1%0.82%--447.29%-281.79%---138.71%
Return on Invested Capital (ROIC)-1.08%-1.05%------45.12%
Gross Margin--------59.5%
Net Margin--------2336.49%-15727.69%
Debt / Equity0.01x0.07x-0.02x1.42x----0.01x
Interest Coverage---393.95x-5288.94x--229.89x-18.26x-24.18x-
FCF Conversion-7.16x-1.94x0.04x0.41x1.00x0.72x0.42x0.49x0.31x

NRXP Frequently Asked Questions

NRx Pharmaceuticals, Inc. (NRXP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

NRx Pharmaceuticals, Inc. (NRXP) reported $0.2M in revenue for fiscal year 2025.

NRx Pharmaceuticals, Inc. (NRXP) grew revenue by 0.0% over the past year. Growth has been modest.

NRx Pharmaceuticals, Inc. (NRXP) reported a net loss of $38.1M for fiscal year 2025.

Dividend & Returns

NRx Pharmaceuticals, Inc. (NRXP) had negative free cash flow of $11.9M in fiscal year 2025, likely due to heavy capital investments.

Explore More NRXP

NRx Pharmaceuticals, Inc. (NRXP) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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