Eton Pharmaceuticals, Inc.: stock overview

ETONNASDAQHealthcare · Pharmaceutical Preparations

Price

$63.93

November 13, 2026Market cap $1.8B

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  • The full history: 7 fiscal years, from 2019
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The share price has risen 36% since Nov 5, 2026, when the 10-Q these figures come from was filed ($47.15 then, $63.93 on Nov 13, 2026). The figures date from before that move.10-Q
  • Most of the reported profit is a tax credit, not money earned from customers. We leave out the P/E and the earnings growth, which would not compare with a company that paid tax.
  • The interest the company pays is far more than the debt we can read would cost, so part of its borrowing is missing from the figures. We leave out the debt, net cash, enterprise value and the multiples built on them.

In short

Eton Pharmaceuticals had revenue of $141M over the last 12 months and net income of $50M, a net margin of 35.4%. Revenue grew by 359.6% a year on average over the last 5 years. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.8B
28.84M shares
P/E
–
Revenue, 12 months
$141M
+359.6% a year over 5 years
Net margin
35.4%
2025: -5.8%, above 46% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+59.0% a year over 2 years

Fiscal years in figures

ETON's revenue, profit, cash flow and dividend with each year-end price, from 2019 to 2022, 4 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $357M
$1.8B
Enterprise value 
–
P/E 
–
EV / EBIT 
–
EV / Revenue 
–
P/B 3-year median: 14.6
21.2
FCF yield 3-year median: 2.2%
2.1%
Earnings yield 
–

Profitability

Gross margin 
69.2%
Operating margin 
28.8%
Net margin 3-year median: -5.8%
35.4%
ROIC 
45.1%
ROIC, 5-year average 
-9.6%
ROE 
116.8%

Growth

Revenue, yearly change 
+104.9%
EPS, yearly change 
–
FCF, yearly change 
+980.7%
Revenue, average a year 
+359.6%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$56M
Total debt 
–
Net cash 
–
Net debt / EBITDA 
–
Interest cover 
8.9x
Current ratio 
1.79

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+1.7%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 28).

Gross margin

53.5%

Above 63% of the 141 companies in its industry, and 71% of all.

Operating margin

-1.1%

Above 54% of the 285 companies in its industry, and 32% of all.

Net margin

-5.8%

Above 46% of the 302 companies in its industry, and 23% of all.

ROE

-17.6%

Above 35% of the 267 companies in its industry, and 15% of all.

ROA

-5.0%

Above 43% of the 313 companies in its industry, and 20% of all.

Revenue growth

104.9%

Above 94% of the 292 companies in its industry, and 98% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Eton Pharmaceuticals, Inc.
CIK
1710340
Exchange
NASDAQ
Industry (SIC)
2834 · Pharmaceutical Preparations
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
28.84M

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The full analysis

What do Eton Pharmaceuticals's filings show?

These are Eton Pharmaceuticals's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about ETON

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What is ETON's market cap?

Eton Pharmaceuticals, Inc.'s market cap is $1.8B, at a price of $63.93 on November 13, 2026 and 28.84M shares.

How much revenue does ETON have?

Eton Pharmaceuticals had revenue of $141M over the last 12 months. Over the last 5 years it changed by +359.6% a year on average.

Does ETON pay a dividend?

No. Eton Pharmaceuticals paid no regular dividend over the last 12 months.

Where do the figures come from?

From Eton Pharmaceuticals, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.