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TENX logoTenax Therapeutics, Inc.(TENX)Earnings, Financials & Key Ratios

TENX•NASDAQ
$12.02
$71M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryCommercial Specialty Pharma
AboutTenax Therapeutics, Inc., a specialty pharmaceutical company, engages in identifying, developing, and commercializing products for cardiovascular and pulmonary diseases in the United States and Canada. It develops TNX-103 and TNX-102 (levosimendan) that have completed phase II clinical trials for the treatment of patients with pulmonary hypertension associated with heart failure with preserved ejection fraction and associated pulmonary hypertension; and TNX-201 (imatinib), a tyrosine kinase inhibitor for the treatment of pulmonary arterial hypertension. The company was formerly known as Oxygen Biotherapeutics, Inc. and changed its name to Tenax Therapeutics, Inc. in September 2014. Tenax Therapeutics, Inc. was founded in 1967 and is headquartered in Morrisville, North Carolina.Show more
  • Revenue$0
  • EBITDA-$18M-113.7%
  • Net Income-$18M-128.3%
  • EPS (Diluted)-1.15+96.3%
  • ROE-35.17%+78.1%
  • Interest Coverage-847.57-146.7%
Technical→

TENX Key Insights

Tenax Therapeutics, Inc. (TENX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 87 (top 13%)

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗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.

TENX Price & Volume

Tenax Therapeutics, Inc. (TENX) stock price & volume — 10-year historical chart

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TENX Growth Metrics

Tenax Therapeutics, Inc. (TENX) 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-197.57%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM92.92%

Return on Capital

10 Years-191.29%
5 Years-304.4%
3 Years-192.95%
Last Year-38.95%

TENX Peer Comparison

Tenax Therapeutics, Inc. (TENX) competitors in Commercial Specialty Pharma — 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
ATHA logoATHAAthira Pharma, Inc.Direct Competitor17.12M4.34-0.17-340.97%0.03
NKTR logoNKTRNektar TherapeuticsDirect Competitor1.67B85.09-8.75-43.89%-192.87%-356.81%0.95
ACAD logoACADACADIA Pharmaceuticals Inc.Direct Competitor3.68B21.489.3811.87%36.49%41.9%0.04
PRTA logoPRTAProthena Corporation plcDirect Competitor601.85M11.18-2.47-92.84%-25.21%-73%0.05
IMVT logoIMVTImmunovant, Inc.Direct Competitor5.83B28.67-10.50-47.07%0.00
MDGL logoMDGLMadrigal Pharmaceuticals, Inc.Product Competitor12.38B539.73-42.00432.05%-27.32%-50.15%0.59
ESPR logoESPREsperion Therapeutics, Inc.Product Competitor753.05M3.15-28.6421.31%-5.63%
RCKT logoRCKTRocket Pharmaceuticals, Inc.Product Competitor418.11M3.86-1.92-80.49%0.09

Compare TENX vs Peers

Tenax Therapeutics, Inc. (TENX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ATHA

Most directly comparable listed peer for TENX.

Scale Benchmark

vs ABBV

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

Peer Set

Compare Top 5

vs ATHA, NKTR, ACAD, PRTA

TENX Income Statement

Tenax Therapeutics, Inc. (TENX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue0000000000
Revenue Growth %-100%---------
Cost of Goods Sold18.95K13.62K9.02K0114.75K00000
COGS % of Revenue----------
Gross Profit
-18.95K▲ 0%
-13.62K▲ 28.1%
-9.02K▲ 33.8%
0▲ 100.0%
-114.75K▲ 0%
0▲ 100.0%
0▲ 0%
0▲ 0%
0▲ 0%
0▲ 0%
Gross Margin %----------
Gross Profit Growth %-147.91%28.13%33.82%100%-100%----
Operating Expenses52.65M9.21M6.89M8.56M9.75M32.73M11.05M8.23M19.49M47.23M
OpEx % of Revenue----------
Selling, General & Admin6.25M5.68M5.65M5.08M5.19M7.58M5.68M5M6.79M20.51M
SG&A % of Revenue----------
Research & Development35.14M3.53M1.24M3.47M4.56M25.15M5.38M3.23M12.71M26.73M
R&D % of Revenue----------
Other Operating Expenses33.27M000000000
Operating Income
-52.65M▲ 0%
-9.21M▲ 82.5%
-6.89M▲ 25.1%
-8.56M▼ 24.1%
-9.87M▼ 15.3%
-32.73M▼ 231.7%
-11.05M▲ 66.2%
-8.23M▲ 25.5%
-19.49M▼ 136.8%
-47.23M▲ 0%
Operating Margin %----------
Operating Income Growth %-236.68%82.52%25.12%-24.11%-15.34%-231.66%66.23%25.5%-136.75%-
EBITDA-52.63M-9.19M-6.88M-8.55M-9.75M-32.62M-10.94M-8.23M-17.58M-43.33M
EBITDA Margin %----------
EBITDA Growth %-237.57%82.53%25.11%-24.2%-14.07%-234.45%66.46%24.8%-113.7%-195.79%
D&A (Non-Cash Add-back)18.95K13.62K9.02K5.02K114.75K108.98K113.33K8K00
EBIT-51.89M-9.21M-6.89M-8.56M-9.85M-32.47M-11.04M-7.69M-17.58M-43.33M
Net Interest Income000144K29.37K-949-4.44K-23.97K1.89M3.93M
Interest Income000144K31K0001.91M3.93M
Interest Expense32.5M0001.63K9494.44K23.97K23K0
Other Income/Expense764.74K366.22K79.83K160.9K16.54K253.88K4.75K523K1.89M3.9M
Pretax Income
-51.89M▲ 0%
-8.84M▲ 83.0%
-6.81M▲ 22.9%
-8.39M▼ 23.2%
-9.85M▼ 17.4%
-32.47M▼ 229.6%
-11.05M▲ 66.0%
-7.71M▲ 30.2%
-17.6M▼ 128.3%
-43.33M▲ 0%
Pretax Margin %----------
Income Tax-7.96M000000000
Effective Tax Rate %15.35%0%0%0%0%0%0%0%0%0%
Net Income
-43.92M▲ 0%
-8.84M▲ 79.9%
-6.81M▲ 22.9%
-8.39M▼ 23.2%
-9.85M▼ 17.4%
-32.47M▼ 229.6%
-11.05M▲ 66.0%
-7.71M▲ 30.2%
-17.6M▼ 128.3%
-43.33M▲ 0%
Net Margin %----------
Net Income Growth %-211.92%79.88%22.92%-23.2%-17.36%-229.64%65.98%30.2%-128.27%-197.57%
Net Income (Continuing)-43.92M-8.84M-6.81M-8.39M-9.85M-32.47M-11.05M-7.71M-17.6M-43.33M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)
-624.82▲ 0%
-10022.32▼ 1504.0%
-7359.14▲ 26.6%
-26.60▲ 99.6%
-2125.38▼ 7890.2%
-2524.80▼ 18.8%
-600.80▲ 76.2%
-31.04▲ 94.8%
-1.15▲ 96.3%
-1.09▲ 0%
EPS Growth %-211.46%-1504.03%26.57%99.64%-7890.15%-18.79%76.2%94.83%96.3%92.92%
EPS (Basic)-624.82-10022.32-7359.14-26.60-2125.38-2524.80-600.80-31.09-1.15-
Diluted Shares Outstanding8791.41M9153.87K4.63K12.86K18.39K248.45K15.27M39.74M
Basic Shares Outstanding8791.41M9153.87K4.63K12.86K18.39K248K15.27M39.74M
Dividend Payout Ratio----------

TENX Balance Sheet

Tenax Therapeutics, Inc. (TENX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets13.63M8.06M13.32M6.18M6.8M5.69M3.21M11.68M96.69M102.81M
Cash & Short-Term Investments13.28M7.73M12.86M5.4M6.71M5.58M2.12M9.79M94.85M99.37M
Cash Only10M1.6M12.37M4.91M6.25M5.58M2.12M9.79M94.85M99.37M
Short-Term Investments3.28M6.12M494.63K493.88K462.69K00000
Accounts Receivable72.6K50.17K00000000
Days Sales Outstanding----------
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets000000345.86K251.58K64K3.44M
Total Non-Current Assets9.71M1.83M16.96K184.44K73.19K303.24K196.24K1.12K00
Property, Plant & Equipment19.11K9.95K8.53K176.01K64.75K294.8K186.69K000
Fixed Asset Turnover----------
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments8.59M1.81M00000000
Other Non-Current Assets1.11M8.44K8.44K8.44K8.44K8.44K9.55K1.12K00
Total Assets
23.34M▲ 0%
9.89M▼ 57.6%
13.34M▲ 34.8%
6.37M▼ 52.3%
6.87M▲ 7.9%
5.99M▼ 12.8%
3.4M▼ 43.2%
11.68M▲ 243.2%
96.69M▲ 727.5%
102.81M▲ 0%
Asset Turnover---------0.00x
Asset Growth %-68.02%-57.62%34.85%-52.27%7.91%-12.76%-43.18%243.19%727.46%2302.5%
Total Current Liabilities6.2M1.01M1.57M2.53M2.12M1.56M1.85M3.59M4.69M6.6M
Accounts Payable727.6K611.86K749.81K1.66M757.86K859.64K448.43K2.07M3.16M5.61M
Days Payables Outstanding14.01K16.4K30.36K-2.41K-----
Short-Term Debt0000120.49K0624.3K500.9K00
Deferred Revenue (Current)0000000000
Other Current Liabilities226.09K33.67K244.46K426.12K319.61K0245.39K236.88K0991K
Current Ratio2.20x7.99x8.51x2.44x3.21x3.64x1.74x3.26x20.60x20.60x
Quick Ratio2.20x7.99x8.51x2.44x3.21x3.64x1.74x3.26x20.60x20.60x
Cash Conversion Cycle----------
Total Non-Current Liabilities00060.38K124.17K183.59K64.2K000
Long-Term Debt0000124.17K00000
Capital Lease Obligations00060.38K0183.59K64.2K000
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000000000
Total Liabilities6.2M1.01M1.57M2.59M2.24M1.75M1.91M3.59M4.69M6.6M
Total Debt000171.73K305.04K290.78K807.89K500.9K00
Net Debt-10M-1.6M-12.37M-4.73M-5.95M-5.29M-1.32M-9.29M-94.85M-99.37M
Debt / Equity---0.05x0.07x0.07x0.54x0.06x-0.00x
Debt / EBITDA----------0.00x
Net Debt / EBITDA---------2.29x
Interest Coverage-1.62x----6065.11x-34487.08x-2487.65x-343.56x-847.57x-
Total Equity
17.14M▲ 0%
8.88M▼ 48.2%
11.77M▲ 32.5%
3.77M▼ 68.0%
4.63M▲ 22.6%
4.24M▼ 8.2%
1.49M▼ 64.8%
8.1M▲ 442.5%
91.99M▲ 1036.0%
96.21M▲ 0%
Equity Growth %-71.63%-48.18%32.53%-67.95%22.61%-8.23%-64.83%442.5%1035.98%2878.36%
Book Value per Share19506.166.3012865.06974.30997.96330.0781.1732.596.022.42
Total Shareholders' Equity17.14M8.88M11.77M3.77M4.63M4.24M1.49M8.1M91.99M96.21M
Common Stock2.81K1413796741.26K2.52K4.58K3001K
Retained Earnings-204.66M-213.5M-227.8M-236.17M-246.02M-278.49M-289.54M-297.25M-314.86M-351.91M
Treasury Stock0000000000
Accumulated OCI-18.72K-16.19K516458-7000000
Minority Interest0000000000

TENX Cash Flow Statement

Tenax Therapeutics, Inc. (TENX) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-15.87M-12.14M-5.5M-7.56M-9.27M-10.86M-12.01M-5.9M-14.81M-14.81M
Operating CF Margin %----------
Operating CF Growth %-62.8%23.51%54.7%-37.4%-22.72%-17.08%-10.65%50.85%-150.86%-538.32%
Net Income-43.92M-8.84M-14.14M-8.39M-9.85M-32.47M-11.05M-7.71M-17.6M-43.33M
Depreciation & Amortization18.95K13.62K9.02K107.28K114.75K108.98K113.33K8K00
Stock-Based Compensation1.06K79.59K190.08K0000191K1.13M0
Deferred Taxes-7.96M-4.83K407.77K0000000
Other Non-Cash Items34.08M498.49K7.43M270.51K361.34K22.12M366.86K25K23K15.34M
Working Capital Changes1.92M-3.89M606.75K460.4K102.44K-610.09K-1.45M1.58M1.64M2.07M
Change in Receivables23.8K1.11M-122.61K0698.37K-22.5K0-306K58K0
Change in Inventory-2.72M5M-729.36K0000000
Change in Payables2.72M-5M729.36K883.04K00-344.95K1.65M1.06M4.06M
Cash from Investing22.21M3.75M7.35M-1.65K20.11K452.61K-2.32K3K00
Capital Expenditures-2.88K-4.54K-7.59K-3.57K-3.49K-5.25K-2.32K000
CapEx % of Revenue----------
Acquisitions75K000000000
Investments----------
Other Investing75K3.75K7.36K00003K00
Cash from Financing280.59K498.49K8.91M96.5K10.6M9.74M8.55M13.57M99.87M26.97M
Debt Issued (Net)0000244.66K0624.3K-624K-501K-97
Equity Issued (Net)00096.5K1000K1000K1000K002.35M
Dividends Paid00-7.33M0000000
Share Repurchases0000000000
Other Financing-489.32K-498.49K16.24M01.69M544.65K014.19M100.37M0
Net Change in Cash
6.34M▲ 0%
-8.39M▼ 232.4%
10.76M▲ 228.3%
-7.46M▼ 169.3%
1.34M▲ 118.0%
-666.32K▼ 149.6%
-3.46M▼ 419.3%
7.67M▲ 321.6%
85.06M▲ 1009.3%
1.06M▲ 0%
Free Cash Flow
-15.87M▲ 0%
-12.15M▲ 23.5%
-5.51M▲ 54.7%
-7.56M▼ 37.3%
-9.28M▼ 22.7%
-10.86M▼ 17.1%
-12.02M▼ 10.6%
-5.9M▲ 50.9%
-14.81M▼ 150.9%
-25.91M▲ 0%
FCF Margin %----------
FCF Growth %-61.02%23.49%54.66%-37.27%-22.71%-17.09%-10.62%50.86%-150.86%-107.98%
FCF per Share-18064.61-8.61-6018.64-1952.41-2001.37-844.59-653.32-23.76-0.97-0.97
FCF Conversion (FCF/Net Income)0.36x1.37x0.81x0.90x0.94x0.33x1.09x0.77x0.84x0.60x
Interest Paid000000024K23K0
Taxes Paid0000000000

TENX Key Ratios

Tenax Therapeutics, Inc. (TENX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)-113.26%-67.94%-65.98%-108.01%-234.61%-732.21%-385.12%-160.8%-35.17%-45.03%
Return on Invested Capital (ROIC)-123.38%-95.75%-154.76%------1375.12%
Debt / Equity---0.05x0.07x0.07x0.54x0.06x-0.00x
Interest Coverage-1.62x----6065.11x-34487.08x-2487.65x-343.56x-847.57x-
FCF Conversion0.36x1.37x0.81x0.90x0.94x0.33x1.09x0.77x0.84x0.60x
Revenue Growth-100%---------

TENX Frequently Asked Questions

Tenax Therapeutics, Inc. (TENX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Tenax Therapeutics, Inc. (TENX) grew revenue by 0.0% over the past year. Growth has been modest.

Tenax Therapeutics, Inc. (TENX) reported a net loss of $43.3M for fiscal year 2024.

Dividend & Returns

Tenax Therapeutics, Inc. (TENX) has a return on equity (ROE) of -35.2%. Negative ROE indicates the company is unprofitable.

Tenax Therapeutics, Inc. (TENX) had negative free cash flow of $25.9M in fiscal year 2024, likely due to heavy capital investments.

Explore More TENX

Tenax Therapeutics, Inc. (TENX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

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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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