Growth & profitability
- Revenue has declined 65.1% per year over the past 5 years.
- Operating margin has contracted, at -48157.1% in the latest year.
Financial health
- Total debt has grown faster than revenue (-22.4% vs -65.1% per year).
TLPH Financials TALPHERA, INC.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $28000 | -$14M | 0.0% | -48157.1% | — | — | $6M |
| 2024 | $0 | -$13M | — | — | -$13M | — | $9M |
| 2023 | $651000 | -$18M | 0.0% | -2594.3% | -$18M | — | $6M |
| 2022 | $0 | $48M | — | — | -$29M | $5M | $15M |
| 2021 | $378000 | -$35M | -51.1% | -4792.6% | -$32M | $14M | $8M |
| 2020 | $5M | -$40M | -11.4% | -756.3% | -$40M | $22M | $22M |
| 2019 | $2M | -$53M | -197.3% | -2368.1% | -$55M | $25M | $15M |
| 2018 | $2M | -$47M | -84.8% | -1660.9% | -$30M | $12M | $88M |
| 2017 | $8M | -$52M | -33.3% | -483.8% | -$32M | $19M | $53M |
| 2016 | — | -$43M | — | — | -$33M | $22M | $80M |
| 2015 | — | -$24M | — | — | -$21M | $21M | $108M |
| 2014 | — | -$33M | — | — | — | $25M | $60M |
| 2013 | — | -$23M | — | — | -$4M | $14M | $88M |
| 2013 | — | -$163M | — | — | -$135M | $11M | $61M |
| 2013 | — | -$152M | — | — | -$127M | $12M | $22M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $0 | -$3M | — | — | — | — | $4M |
| Dec '25 | $0 | -$4M | — | — | — | — | $6M |
| Sep '25 | $1000 | -$4M | 0.0% | -342200.0% | — | — | $3M |
| Jun '25 | $0 | -$3M | — | — | — | — | $7M |
| Mar '25 | $27000 | -$3M | 0.0% | -10800.0% | — | — | $5M |
| Dec '24 | $0 | -$2M | — | — | -$2M | — | $9M |
| Sep '24 | $0 | -$3M | — | — | -$3M | — | $11M |
| Jun '24 | $0 | -$4M | — | — | -$5M | — | $13M |
| Mar '24 | $0 | -$4M | — | — | -$3M | — | $12M |
| Dec '23 | $281000 | -$5M | 0.0% | 0.0% | -$4M | — | $6M |
| Sep '23 | $117000 | -$1M | 0.0% | 0.0% | -$3M | — | $13M |
| Jun '23 | $253000 | -$4M | 0.0% | 0.0% | -$5M | — | $7M |
| Mar '23 | — | -$8M | — | — | -$5M | — | $13M |
| Dec '22 | $0 | -$7M | — | — | -$5M | $5M | $15M |
| Sep '22 | $0 | -$7M | — | — | -$5M | $8M | $13M |
| Jun '22 | $0 | $71M | — | — | -$9M | $10M | $15M |
| Mar '22 | $442000 | -$9M | -77.4% | -2035.1% | -$9M | $12M | $22M |
| Dec '21 | $2000 | -$8M | -61600.0% | -408750.0% | -$8M | $14M | $8M |
| Sep '21 | $2M | -$8M | 76.4% | -463.6% | -$4M | $16M | $8M |
| Jun '21 | $443000 | -$10M | -134.8% | -2260.7% | -$10M | $18M | $21M |
Valuation over time
How the market has priced TLPH against its own fundamentals since 2024-01 — 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-sales ratio has risen from 82.5× (Jan '24) to 1974.0× (Jun '26).
P/S
Frequently asked questions
Is TLPH growing its revenue and profit?
Over the past 5 years, TALPHERA, INC.'s revenue has declined 65.1% per year. These are computed facts, not advice.
How much debt does TLPH have?
As of FY2025, TALPHERA, INC. reported — of total debt against $6M of cash.
What is TLPH's profit margin?
In FY2025, gross margin was —, operating margin -48157.1%, and net margin -51035.7%.
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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.