NRx Pharmaceuticals, Inc. (NRXP) Revenue History
Annual and quarterly revenue from 2017 to present
NRXP Revenue Over Time (2017–2025)
NRXP Revenue Growth History
- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- N/A
- FY2023 revenue growth
- N/A
- FY2024 revenue growth
- N/A
- FY2025 revenue growth
- N/A
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $1.1M | — |
| Q4 2025 | $983K | — |
| Q3 2025 | $242K | — |
| Q2 2025 | $0 | — |
| Q1 2025 | $0 | — |
| Q4 2024 | $0 | — |
| Q3 2024 | $0 | — |
| Q2 2024 | $0 | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
NRXP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NRXP Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 23, 2026, NRx Pharmaceuticals, Inc. (NRXP) generated trailing twelve-month (TTM) revenue of $2.3 million. The most recent quarter (Q1 2026) recorded $1.1 million in revenue, up 8.6% sequentially.
Historical Growth Trajectory
NRXP's historical revenue data shows various trends over time. NRx Pharmaceuticals, Inc.'s highest annual revenue of $1.2 million was recorded in 2025, an all-time high.
Revenue by Segment
NRXP's revenue is primarily driven by Therapy (100%). With over half of revenue concentrated in Therapy, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including AXSM (+63.9% YoY), ALTO (-3.7% YoY), and INMB (-100.0% YoY). Compare NRXP vs AXSM →
NRXP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NRXPCurrent | $2M | - | - | -1324.4% | |
 AXSM | $638M | +63.9% | - | -26.5% | |
 ALTO | $918M | -3.7% | +0.5% | 0.8% | |
 INMB | $50,000 | -100.0% | +35.4% | -61738.0% | |
 ATAI | $4M | +87.2% | - | -2439.7% |
NRXP Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.2M | - | $720K | 58.8% | $-16,224,000 | -1324.4% |
| 2024 | $0 | - | $-5,000 | - | $-19,704,000 | - |
| 2023 | $0 | - | $-5,000 | - | $-27,587,000 | - |
| 2022 | $0 | - | $-4,000 | - | $-44,335,000 | - |
| 2021 | $0 | - | $-2,000 | - | $-95,201,000 | - |
| 2020 | $0 | - | $-2,000 | - | $-22,061,000 | - |
| 2019 | $0 | - | $0 | - | $-713,187 | - |
| 2018 | $0 | - | $-1,006,503 | - | $-1,006,500 | - |
| 2017 | $0 | - | $0 | - | $0 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NRXP — Frequently Asked Questions
Quick answers to the most common questions about buying NRXP stock.
Is NRXP's revenue growth accelerating or slowing?
NRXP TTM revenue: $2M. YoY growth: N/A. 5-year CAGR: N/A.
What is NRXP's revenue history from 2017 to 2026?
NRx Pharmaceuticals, Inc. (NRXP) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $2M, growing at N/A YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NRXP's long-term revenue growth rate (CAGR)?
NRx Pharmaceuticals, Inc.'s 5-year revenue CAGR of N/A reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of N/A is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NRXP.
Why does NRXP's quarterly revenue fluctuate?
NRXP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. NRx Pharmaceuticals, Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is NRXP's revenue distributed by segment?
NRXP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NRXP's revenue compare to industry peers?
NRx Pharmaceuticals, Inc. (NRXP) with TTM revenue of $2M and N/A YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.