Financial health
- Operating income covered interest expense -1288.8× in the latest year.
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
PTN Financials PALATIN TECHNOLOGIES INC
15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $13M | -$8M | 0.0% | -65.7% | -125.3% | -98.3% | -$14M | — | $7M |
| 2025 | — | -$17M | — | — | 362.3% | -529.8% | -$21M | — | $3M |
| 2024 | — | $30M | — | — | -26637.5% | 276.5% | -$32M | — | $10M |
| 2023 | — | $36M | — | — | -1828.4% | 201.8% | -$30M | — | $11M |
| 2022 | — | -$36M | — | — | -222.5% | -100.4% | -$30M | — | $30M |
| 2021 | — | -$34M | — | — | -67.7% | -49.9% | -$99360 | — | $60M |
| 2020 | — | -$22M | — | — | -28.0% | -26.4% | $41M | — | $83M |
| 2019 | — | $36M | — | — | 35.6% | 34.2% | -$22M | $332896 | $44M |
| 2018 | — | $25M | — | — | 91.6% | 63.3% | $2M | $332898 | $38M |
| 2017 | — | $25M | — | — | -478.3% | 43.5% | $13M | $6M | $40M |
| 2016 | — | -$52M | — | — | 294.1% | -476.3% | -$47M | $14M | $8M |
| 2015 | — | -$18M | — | — | -144.7% | -59.9% | -$13M | $10M | $27M |
| 2014 | — | -$14M | — | — | -142.3% | -110.9% | -$12M | $0 | $12M |
| 2013 | — | -$21M | — | — | -90.8% | -83.2% | -$14M | — | $19M |
| 2012 | — | -$17M | — | — | -942.3% | -320.7% | -$15M | — | $4M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $300770 | -$4M | 0.0% | -1469.5% | -65.2% | -51.1% | -$3M | — | $7M |
| Mar '26 | $4M | -$1M | 0.0% | -40.3% | -13.5% | -10.8% | -$4M | — | $10M |
| Dec '25 | $116036 | -$7M | 0.0% | -6315.8% | -63.4% | -40.5% | — | — | $14M |
| Sep '25 | — | $5M | — | — | 1180.0% | 54.3% | — | — | $1M |
| Jun '25 | — | -$2M | — | — | 46.7% | -68.3% | -$4M | — | $3M |
| Mar '25 | — | -$5M | — | — | 75.3% | -129.0% | -$5M | — | $3M |
| Dec '24 | — | -$2M | — | — | 38.3% | -56.7% | — | — | — |
| Sep '24 | — | -$8M | — | — | 101.8% | -229.1% | — | — | $2M |
| Jun '24 | — | -$8M | — | — | 7399.7% | -76.8% | -$6M | — | $10M |
| Mar '24 | — | -$8M | — | — | -534.3% | -74.0% | -$9M | — | $21M |
| Dec '23 | — | -$8M | — | — | 68.9% | -57.9% | -$11M | — | $9M |
| Sep '23 | — | -$6M | — | — | 93.2% | -52.4% | -$6M | — | $6M |
| Jun '23 | — | -$10M | — | — | 496.0% | -54.7% | -$10M | — | $11M |
| Mar '23 | — | -$9M | — | — | -131.7% | -33.9% | -$2M | — | $20M |
| Dec '22 | — | $3M | — | — | 23.5% | 8.5% | -$10M | — | $21M |
| Sep '22 | — | -$8M | — | — | -97.7% | -29.9% | -$9M | — | $21M |
| Jun '22 | — | -$13M | — | — | -78.5% | -35.4% | -$8M | — | $30M |
| Mar '22 | — | -$8M | — | — | -27.2% | -17.4% | -$10M | — | $38M |
| Dec '21 | — | -$9M | — | — | -24.7% | -16.4% | -$13M | — | $47M |
| Sep '21 | — | -$7M | — | — | -16.6% | -11.9% | -$260117 | — | $53M |
Valuation over time
How the market has priced PTN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 10.4× (Jun '23) to 1.2× (Apr '25).
- The price-to-sales ratio has fallen from 1.5× (Jun '26) to 0.7× (Nov '26).
P/E
P/S
Frequently asked questions
Is PTN growing its revenue and profit?
See the revenue and net-income charts above for PALATIN TECHNOLOGIES INC's multi-year trend.
How much debt does PTN have?
As of FY2026, PALATIN TECHNOLOGIES INC reported — of total debt against $7M of cash; operating income covered interest expense -1288.8×.
What is PTN's profit margin?
In FY2026, gross margin was —, operating margin -65.7%, and net margin -63.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.