RNXT - RenovoRx, Inc. Stock Analysis | Stock Taper
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RenovoRx, Inc.

RNXT

RenovoRx, Inc. NASDAQ
$0.88 2.08% (+0.02)

Market Cap $32.36 M
52w High $1.45
52w Low $0.70
P/E -2.45
Volume 326.93K
Outstanding Shares 36.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $266K $3.41M $-2.91M -1.09K% $-0.08 $-2.91M
Q2-2025 $422K $2.95M $-2.9M -686.02% $-0.08 $-2.68M
Q1-2025 $197K $3.21M $-2.42M -1.23K% $-0.08 $-2.42M
Q4-2024 $43K $2.67M $-2.88M -6.69K% $-0.13 $0
Q3-2024 $0 $2.83M $-2.47M 0% $-0.1 $-2.83M

What's going well?

Gross margins improved to 80%, showing the company can control product costs. Other income provided a small boost, and there is no debt weighing down results.

What's concerning?

Revenue fell sharply while expenses rose, leading to even bigger losses. The company is spending far more than it brings in, and there's no sign of a turnaround yet.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.04M $11.21M $3.13M $8.08M
Q2-2025 $12.31M $13.64M $3M $10.64M
Q1-2025 $14.58M $16.01M $2.86M $13.16M
Q4-2024 $7.15M $8.12M $3.64M $4.48M
Q3-2024 $9.56M $10.03M $2.96M $7.07M

What's financially strong about this company?

RNXT has a very high cash balance compared to its debts and bills, with almost no debt and most assets in cash. The company can easily cover its short-term obligations and has no risky intangible assets.

What are the financial risks or weaknesses?

The company is burning through cash, with equity and cash balances both falling this quarter. Retained losses are very large, showing a long history of unprofitability, and if this continues, the cash cushion will eventually run out.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.91M $-2.27M $0 $0 $-2.27M $-2.27M
Q2-2025 $-2.9M $-2.3M $0 $34K $-2.27M $-2.3M
Q1-2025 $-2.42M $-3.38M $-2K $10.81M $7.43M $-3.38M
Q4-2024 $-2.88M $-2.43M $-12K $33K $-2.41M $-2.44M
Q3-2024 $-2.47M $-2.19M $0 $15K $-2.18M $-2.19M

What's strong about this company's cash flow?

The company is keeping its cash burn steady and has enough cash for several more quarters. No debt means no interest payments or looming repayments.

What are the cash flow concerns?

Cash burn is ongoing and the company is now dependent on selling new shares to fund operations, diluting shareholders. Without a turnaround or more funding, cash could run out within a year.

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Other Operating Segment
Other Operating Segment
$0 $0 $0

Q3 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at RenovoRx, Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

RenovoRx combines a differentiated drug‑delivery technology, encouraging interim clinical results, and a focused strategy on high‑need cancer indications. Its balance sheet currently benefits from a strong cash position and minimal debt, giving it some room to continue its development agenda. A robust intellectual property estate and regulatory designations add to its strategic strengths.

! Risks

The company has a long history of losses, deeply negative cash flow, and very limited revenue, leaving it reliant on capital markets to fund operations. Its fortunes are heavily tied to the success of a small number of clinical programs, so any trial or regulatory setback could be highly damaging. Competitive pressure in oncology, uncertainty around future reimbursement and adoption, and the potential for shareholder dilution from additional equity raises are all important ongoing risks.

Outlook

Looking ahead, RenovoRx’s trajectory will likely hinge on clinical and regulatory milestones for RenovoGem and the broader TAMP platform, as well as the pace of adoption for its RenovoCath device. If late‑stage data confirm the survival and safety advantages seen so far, the company could transition from a purely R&D story toward commercial execution, though timing and scale remain uncertain. Until there is clearer evidence of sustainable revenue and a path toward cash generation, the company’s outlook will remain high‑potential but also high‑risk, in line with many small clinical‑stage biotechs.