RNXT
RNXT
RenovoRx, Inc.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 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|
Other Operating Segment | $0 ▲ | $0 ▲ | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at RenovoRx, Inc.'s financial evolution and strategic trajectory over the past five years.
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.
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.
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.
About RenovoRx, Inc.
https://renovorx.comRenovoRx, Inc., a clinical-stage biopharmaceutical company, focuses on developing therapies for the treatment of solid tumors. Its lead product candidate is RenovoGem, a drug and device combination consisting of intra-arterial gemcitabine and RenovoCath that is in Phase III clinical trials for the locally advanced pancreatic cancer.
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 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|
Other Operating Segment | $0 ▲ | $0 ▲ | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at RenovoRx, Inc.'s financial evolution and strategic trajectory over the past five years.
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.
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.
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.

CEO
Shaun R. Bagai
Compensation Summary
(Year 2024)
Upcoming Earnings
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Ratings Snapshot
Rating : C+
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Institutional Ownership
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Value:$2.5M
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