Talphera, Inc. (TLPH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Talphera, Inc. (TLPH) stock price & volume — 10-year historical chart
Talphera, Inc. (TLPH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Talphera, Inc. (TLPH) competitors in Complex generics and injectables — business model, growth, and fundamentals comparison
Talphera, Inc. (TLPH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Talphera, Inc. (TLPH) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 8M | 2.15M | 2.29M | 5.42M | 378K | 0 | 651K | 0 | 28K |
| Revenue Growth % | -53.94% | -73.1% | 6.42% | 136.61% | -93.02% | -100% | - | -100% | - |
| Cost of Goods Sold | 10.66M | 3.98M | 6.81M | 6.03M | 3.01M | 1.65M | 5.55M | 6.72M | 0 |
| COGS % of Revenue | 133.32% | 184.84% | 297.34% | 111.37% | 795.24% | - | 851.92% | - | - |
| Gross Profit | -2.66M▲ 0% | -1.82M▲ 31.5% | -4.52M▼ 147.5% | -616K▲ 86.4% | -2.63M▼ 326.6% | -1.65M▲ 37.3% | -4.89M▼ 197.2% | -6.72M▼ 37.2% | 0▲ 100.0% |
| Gross Margin % | -33.32% | -84.84% | -197.34% | -11.37% | -695.24% | - | -751.92% | - | - |
| Gross Profit Growth % | -152.84% | 31.49% | -147.51% | 86.36% | -326.62% | 37.33% | -197.21% | -37.24% | 100% |
| Operating Expenses | 36.02M | 33.9M | 49.69M | 40.35M | 15.49M | 18.7M | 11.99M | 8.53M | 13.51M |
| OpEx % of Revenue | 450.51% | 1576.1% | 2170.73% | 744.96% | 4097.35% | - | 1842.4% | - | 48257.14% |
| Selling, General & Admin | 16.61M | 20.77M | 45.03M | 36.33M | 0 | 17.01M | 0 | 0 | 7.48M |
| SG&A % of Revenue | 207.74% | 965.36% | 1967.1% | 670.79% | - | - | - | - | 26710.71% |
| Research & Development | 19.41M | 13.14M | 4.66M | 4.02M | 2.44M | 1.69M | 5.55M | 6.72M | 6.03M |
| R&D % of Revenue | 242.76% | 610.74% | 203.63% | 74.17% | 644.18% | - | 851.92% | - | 21546.43% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 13.05M | 0 | 6.45M | 1.82M | 0 |
| Operating Income | -38.68M▲ 0% | -35.73M▲ 7.6% | -54.2M▼ 51.7% | -40.96M▲ 24.4% | -18.12M▲ 55.8% | -20.35M▼ 12.3% | -16.89M▲ 17.0% | -15.25M▲ 9.7% | -13.48M▲ 11.6% |
| Operating Margin % | -483.83% | -1660.95% | -2368.06% | -756.33% | -4792.59% | - | -2594.32% | - | -48157.14% |
| Operating Income Growth % | -21.04% | 7.64% | -51.72% | 24.43% | 55.77% | -12.34% | 17.02% | 9.69% | 11.59% |
| EBITDA | -36.94M | -35.15M | -52.54M | -39.11M | -16.14M | -18.7M | -16.79M | -15.16M | -13.48M |
| EBITDA Margin % | -462.01% | -1634.22% | -2295.19% | -722.12% | -4270.63% | - | -2579.57% | - | -48157.14% |
| EBITDA Growth % | -23.52% | 4.84% | -49.46% | 25.56% | 58.72% | -15.87% | 10.22% | 9.75% | 11.03% |
| D&A (Non-Cash Add-back) | 1.74M | 575K | 1.67M | 1.85M | 1.97M | 1.65M | 96K | 96K | 0 |
| EBIT | -38.17M | -34.59M | -50.7M | -37.07M | -18.12M | 60.25M | -16.89M | -15.25M | 0 |
| Net Interest Income | -13.53M | -11.42M | 968K | 588K | 871K | 386K | 6.6M | -394K | 0 |
| Interest Income | 510K | 1.14M | 3.5M | 3.89M | 3.16M | 1.5M | 6.74M | 0 | 0 |
| Interest Expense | 14.04M | 12.56M | 2.54M | 3.31M | 2.29M | 1.12M | 134K | 394K | 0 |
| Other Income/Expense | -13.53M | -11.42M | 968K | 588K | 969K | 79.49M | 6.6M | 2.25M | -806K |
| Pretax Income | -52.21M▲ 0% | -47.15M▲ 9.7% | -53.24M▼ 12.9% | -40.38M▲ 24.2% | -17.15M▲ 57.5% | 59.14M▲ 444.9% | -10.29M▼ 117.4% | -13M▼ 26.4% | -14.29M▼ 9.9% |
| Pretax Margin % | -653.02% | -2191.86% | -2325.78% | -745.48% | -4536.24% | - | -1580.18% | - | -51035.71% |
| Income Tax | -701K | 2K | 3K | 4K | 5K | 13K | 0 | 0 | 0 |
| Effective Tax Rate % | 1.34% | -0% | -0.01% | -0.01% | -0.03% | 0.02% | 0% | 0% | 0% |
| Net Income | -51.51M▲ 0% | -47.15M▲ 8.5% | -53.24M▼ 12.9% | -40.38M▲ 24.2% | -35.1M▲ 13.1% | 42.52M▲ 221.1% | -18.4M▼ 143.3% | -13M▲ 29.3% | -14.29M▼ 9.9% |
| Net Margin % | -644.25% | -2191.96% | -2325.91% | -745.55% | -9285.45% | - | -2825.96% | - | -51035.71% |
| Net Income Growth % | -19.35% | 8.46% | -12.92% | 24.16% | 13.08% | 221.13% | -143.27% | 29.31% | -9.89% |
| Net Income (Continuing) | -51.51M | -47.15M | -53.24M | -40.38M | -17.15M | 59.13M | -10.29M | -13M | -14.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | -17.95M | -11.37M | -8.11M | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -21.97▲ 0% | -16.14▲ 26.5% | -13.45▲ 16.7% | -9.47▲ 29.6% | -5.86▲ 38.1% | 5.72▲ 197.6% | -1.29▼ 122.6% | -0.50▲ 61.2% | -0.34▲ 32.0% |
| EPS Growth % | -15.33% | 26.54% | 16.67% | 29.59% | 38.12% | 197.61% | -122.55% | 61.24% | 32% |
| EPS (Basic) | -21.97 | -16.14 | -13.45 | -9.47 | -5.86 | 5.73 | -1.29 | -0.50 | -0.34 |
| Diluted Shares Outstanding | 2.34M | 2.92M | 3.96M | 4.26M | 5.99M | 7.41M | 14.26M | 25.85M | 42.41M |
| Basic Shares Outstanding | 2.34M | 2.92M | 3.96M | 4.26M | 5.99M | 7.41M | 14.26M | 25.85M | 42.41M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Talphera, Inc. (TLPH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 63.41M | 107.99M | 71.69M | 46.83M | 50.49M | 24.57M | 11.56M | 9.42M | 20.9M |
| Cash & Short-Term Investments | 60.47M | 105.72M | 66.14M | 42.89M | 46.63M | 15.77M | 9.38M | 8.86M | 20.38M |
| Cash Only | 52.9M | 87.97M | 14.68M | 27.27M | 7.66M | 15.28M | 5.72M | 8.86M | 5.89M |
| Short-Term Investments | 7.57M | 17.74M | 51.45M | 15.61M | 38.97M | 495K | 3.66M | 0 | 14.49M |
| Accounts Receivable | 1.53M | 401K | 432K | 635K | 160K | 309K | 0 | 0 | 0 |
| Days Sales Outstanding | 69.99 | 68.05 | 68.89 | 42.79 | 154.5 | - | - | - | - |
| Inventory | 956K | 854K | 3.29M | 1.63M | 1.11M | 1.18M | 0 | 0 | 0 |
| Days Inventory Outstanding | 32.74 | 78.4 | 176.71 | 98.39 | 134.9 | 261.06 | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 2.31M | -20K | 0 | 519K |
| Total Non-Current Assets | 12.14M | 12.54M | 19.67M | 19.46M | 27.4M | 22.92M | 8.84M | 8.82M | 8.82M |
| Property, Plant & Equipment | 11.05M | 11.48M | 18.48M | 18.81M | 20.23M | 13.86M | 0 | 0 | 0 |
| Fixed Asset Turnover | 0.72x | 0.19x | 0.12x | 0.29x | 0.02x | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 8.82M | 8.82M | 0 | 0 |
| Long-Term Investments | 881K | 529K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 207K | 527K | 1.19M | 656K | 7.17M | 246K | 20K | 8.82M | 8.82M |
| Total Assets | 75.55M▲ 0% | 120.53M▲ 59.5% | 91.36M▼ 24.2% | 66.3M▼ 27.4% | 77.89M▲ 17.5% | 47.49M▼ 39.0% | 20.39M▼ 57.1% | 18.24M▼ 10.6% | 29.72M▲ 63.0% |
| Asset Turnover | 0.11x | 0.02x | 0.03x | 0.08x | 0.00x | - | 0.03x | - | 0.00x |
| Asset Growth % | -24.44% | 59.54% | -24.21% | -27.43% | 17.49% | -39.04% | -57.05% | -10.59% | 62.97% |
| Total Current Liabilities | 13.66M | 15.93M | 13.61M | 17.64M | 18.51M | 13.77M | 4.51M | 2.65M | 3.81M |
| Accounts Payable | 1.42M | 2.07M | 1.72M | 2.74M | 2.12M | 1.26M | 1.34M | 670K | 544K |
| Days Payables Outstanding | 48.76 | 190.03 | 92.24 | 165.62 | 257.54 | 278.35 | 87.93 | 36.4 | - |
| Short-Term Debt | 8.33M | 9M | 4.98M | 8.73M | 8.8M | 5.36M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 362K | 315K | 0 | 0 | 86K | 115K | 0 | 0 | 0 |
| Other Current Liabilities | 2.19M | 3.61M | 411K | 155K | 2.97M | 2.8M | 1.17M | 723K | 3.81M |
| Current Ratio | 4.64x | 6.78x | 5.27x | 2.66x | 2.73x | 1.78x | 2.56x | 3.56x | 5.49x |
| Quick Ratio | 4.57x | 6.73x | 5.02x | 2.56x | 2.67x | 1.70x | 2.56x | 3.56x | 5.49x |
| Cash Conversion Cycle | 53.96 | -43.58 | 153.35 | -24.43 | 31.86 | - | - | - | - |
| Total Non-Current Liabilities | 98.4M | 100.35M | 119.16M | 104.41M | 95.28M | 11.9M | 1.78M | 7.59M | 8.88M |
| Long-Term Debt | 94.35M | 96.67M | 112.2M | 13.14M | 5.01M | 0 | 0 | 6.53M | 0 |
| Capital Lease Obligations | 0 | 0 | 3.64M | 2.61M | 3.75M | 2.96M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 585K | 537K | 3.32M | 88.66M | 85.37M | 7.91M | 1.78M | 1.06M | 8.88M |
| Total Liabilities | 112.06M | 116.28M | 132.77M | 122.05M | 113.79M | 25.67M | 6.29M | 10.24M | 12.68M |
| Total Debt | 102.68M | 105.67M | 121.79M | 25.6M | 18.62M | 10.02M | 0 | 6.53M | 0 |
| Net Debt | 49.78M | 17.7M | 107.11M | -1.68M | 10.96M | -5.25M | -5.72M | -2.34M | -5.89M |
| Debt / Equity | - | 24.85x | - | - | - | 0.46x | - | 0.82x | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -2.76x | -2.84x | -21.38x | -12.39x | -7.91x | -18.24x | -126.04x | -38.71x | - |
| Total Equity | -36.51M▲ 0% | 4.25M▲ 111.6% | -41.42M▼ 1073.9% | -55.75M▼ 34.6% | -35.89M▲ 35.6% | 21.81M▲ 160.8% | 14.11M▼ 35.3% | 8M▼ 43.3% | 17.04M▲ 112.9% |
| Equity Growth % | -584.07% | 111.65% | -1073.85% | -34.6% | 35.62% | 160.78% | -35.34% | -43.28% | 112.91% |
| Book Value per Share | -15.57 | 1.46 | -10.46 | -13.08 | -5.99 | 2.95 | 0.99 | 0.31 | 0.40 |
| Total Shareholders' Equity | -36.51M | 4.25M | -41.42M | -55.75M | -35.89M | 21.81M | 14.11M | 8M | 17.04M |
| Common Stock | 51K | 78K | 79K | 98K | 7K | 8K | 17K | 17K | 49K |
| Retained Earnings | -297.87M | -345.02M | -398.11M | -438.49M | -473.58M | -425.83M | -444.23M | -457.23M | -471.52M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Talphera, Inc. (TLPH) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -29.77M | -29.07M | -51.18M | -38.51M | -30M | -28.33M | -17.49M | -12.68M | -11.36M |
| Operating CF Margin % | -372.3% | -1351.7% | -2235.91% | -710.95% | -7937.04% | - | -2686.94% | - | -40585.71% |
| Operating CF Growth % | -1.26% | 2.32% | -76.03% | 24.77% | 22.08% | 5.57% | 38.26% | 27.49% | 10.4% |
| Net Income | -51.51M | -47.15M | -53.24M | -40.38M | -35.1M | 47.76M | -18.4M | -13M | -14.29M |
| Depreciation & Amortization | 1.74M | 575K | 1.67M | 1.85M | 1.97M | 1.65M | 311K | -121K | -142K |
| Stock-Based Compensation | 4.29M | 5.17M | 5.06M | 4.42M | 4.61M | 2.89M | 1.73M | 989K | 699K |
| Deferred Taxes | 0 | 0 | -11.84M | 712K | 810K | 0 | 2.2M | 0 | 0 |
| Other Non-Cash Items | 14.96M | 14.74M | 11.08M | -2.83M | -2.5M | -79.23M | -1.79M | -323K | 2.37M |
| Working Capital Changes | 3.7M | 1.87M | -3.91M | -2.29M | 203K | -1.39M | -1.54M | -224K | 0 |
| Change in Receivables | 3.6M | 1.48M | -31K | -203K | 475K | -149K | -189K | 0 | 0 |
| Change in Inventory | 920K | 102K | -3.39M | 957K | -295K | -107K | 61K | 0 | 0 |
| Change in Payables | 309K | 458K | -19K | 1.02M | 111K | 551K | -575K | -671K | -208K |
| Cash from Investing | -9.97M | -10.88M | -36.56M | 34.14M | -26.12M | 36.45M | -528K | 3.78M | -14.35M |
| Capital Expenditures | -2.4M | -819K | -3.47M | -1.85M | -1.83M | -364K | -100K | 0 | 0 |
| CapEx % of Revenue | 30.08% | 38.08% | 151.59% | 34.25% | 483.33% | - | 15.36% | - | - |
| Acquisitions | 0 | 0 | 33.09M | -35.99M | -821K | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -7.57M | -10.06M | -33.09M | 35.99M | 0 | -1.69M | 2.72M | 0 | 0 |
| Cash from Financing | 12.33M | 75.03M | 14.45M | 16.96M | 41.51M | -507K | 3.47M | 12.04M | 22.74M |
| Debt Issued (Net) | -3.51M | -7.72M | 12.67M | -4.67M | -8.83M | -8.43M | -5.42M | 6.13M | 0 |
| Equity Issued (Net) | 15.69M | 81.53M | 1.23M | 21.34M | 50.28M | 7.91M | 8.86M | 5.91M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 147K | 1.22M | 553K | 286K | 69K | 16K | 26K | 0 | 22.74M |
| Net Change in Cash | -27.41M▲ 0% | 35.07M▲ 228.0% | -73.29M▼ 309.0% | 12.59M▲ 117.2% | -14.61M▼ 216.1% | 7.61M▲ 152.1% | -14.55M▼ 291.2% | 3.14M▲ 121.6% | -2.97M▼ 194.5% |
| Free Cash Flow | -32.17M▲ 0% | -29.89M▲ 7.1% | -54.65M▼ 82.8% | -40.36M▲ 26.1% | -31.83M▲ 21.1% | -28.7M▲ 9.8% | -17.59M▲ 38.7% | -12.68M▲ 27.9% | -11.36M▲ 10.4% |
| FCF Margin % | -402.38% | -1389.77% | -2387.51% | -745.2% | -8420.37% | - | -2702.3% | - | -40585.71% |
| FCF Growth % | 2.85% | 7.07% | -82.81% | 26.15% | 21.14% | 9.85% | 38.69% | 27.9% | 10.4% |
| FCF per Share | -13.72 | -10.24 | -13.80 | -9.47 | -5.31 | -3.87 | -1.23 | -0.49 | -0.27 |
| FCF Conversion (FCF/Net Income) | 0.58x | 0.62x | 0.96x | 0.95x | 0.85x | -0.67x | 0.95x | 0.98x | 0.80x |
| Interest Paid | 0 | 1.67M | 0 | 0 | 0 | 837K | 0 | 0 | 0 |
| Taxes Paid | 0 | 2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Talphera, Inc. (TLPH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -310.75% | - | -1108.61% | - | - | - | 194.9% | -102.44% | -117.65% | -114.16% |
| Return on Invested Capital (ROIC) | -257.52% | -261.81% | -152.16% | -92.78% | -743.43% | - | -92.16% | -101.55% | -162.84% | -120.35% |
| Gross Margin | 29.05% | -33.32% | -84.84% | -197.34% | -11.37% | -695.24% | - | -751.92% | - | - |
| Net Margin | -248.64% | -644.25% | -2191.96% | -2325.91% | -745.55% | -9285.45% | - | -2825.96% | - | -51035.71% |
| Debt / Equity | - | - | 24.85x | - | - | - | 0.46x | - | 0.82x | - |
| Interest Coverage | -2.63x | -2.76x | -2.84x | -21.38x | -12.39x | -7.91x | -18.24x | -126.04x | -38.71x | - |
| FCF Conversion | 0.68x | 0.58x | 0.62x | 0.96x | 0.95x | 0.85x | -0.67x | 0.95x | 0.98x | 0.80x |
| Revenue Growth | -9.89% | -53.94% | -73.1% | 6.42% | 136.61% | -93.02% | -100% | - | -100% | - |
Talphera, Inc. (TLPH) stock FAQ — growth, dividends, profitability & financials explained
Talphera, Inc. (TLPH) reported $0.0M in revenue for fiscal year 2025.
Talphera, Inc. (TLPH) grew revenue by 0.0% over the past year. Growth has been modest.
Talphera, Inc. (TLPH) reported a net loss of $14.3M for fiscal year 2025.
Talphera, Inc. (TLPH) has a return on equity (ROE) of -114.2%. Negative ROE indicates the company is unprofitable.
Talphera, Inc. (TLPH) had negative free cash flow of $11.4M in fiscal year 2025, likely due to heavy capital investments.
Talphera, Inc. (TLPH) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates