Genprex, Inc. GNPX
We are a clinical stage gene therapy company pioneering the development of gene-based therapies for large patient populations with unmet medical needs. Our oncology platform utilizes our systemic, non-viral ONCOPREX® Delivery System which uses lipid-based nanoparticles in a lipoplex form to deliver tumor suppressor gene-expressing plasmids to cancer cells. The product is administered intravenously, where it is taken up by tumor cells that then express tumor suppressor proteins that were deficient in the tumor. Our diabetes technology is designed to work in Type 1 diabetes by transforming alpha cells in the pancreas into functional beta-like cells, which can produce insulin but may be distinct enough from beta cells to evade the body's immune system. In Type 2 diabetes, our technology is believed to work by replenishing and rejuvenating exhausted beta cells that make insulin.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 |
| R&D | $9.4M | $10.5M | $17.6M | $11.5M | $9.0M | $7.3M | $2.0M | $971.4K | $289.9K | $354.9K |
| SG&A | $6.1M | $10.6M | $13.4M | $12.3M | $11.7M | $10.6M | $8.7M | $11.4M | $3.0M | $3.8M |
| Total operating expenses | $15.5M | $21.2M | $31.1M | $23.8M | $20.7M | $18.0M | $10.7M | $12.4M | $3.3M | $4.1M |
| Operating income | -$15.5M | -$21.2M | -$31.1M | -$23.8M | -$20.7M | -$18.0M | -$10.7M | -$12.4M | -$3.3M | -$4.1M |
| Interest expense | — | — | — | — | — | — | — | $38.0K | $1.9K | $0 |
| Pre-tax income | -$16.2M | -$21.4M | -$30.9M | -$23.7M | — | — | — | — | — | — |
| Income tax | $0 | $2.6K | $0 | $0 | — | — | — | — | — | — |
| Net income | -$16.2M | -$21.4M | -$30.9M | -$23.7M | -$20.7M | -$17.9M | -$10.7M | -$12.4M | -$3.3M | -$4.1M |
| EPS, basic | -17.40 | -266.89 | -22.56 | -19.80 | -0.44 | — | — | — | — | — |
| EPS, diluted | — | — | — | — | -0.42 | -0.51 | -0.66 | -0.90 | -0.29 | -0.38 |
| Shares, diluted (wtd. avg.) | $932.7K | $80.1K | $1.4M | $1.2M | $47.1M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.8M | $1.6M | $6.7M | $21.0M | — | — | — | — | $161.3K | $1.6M |
| Receivables | — | — | $0 | $34.9K | $0 | $127 | $655 | $9.3K | $8.8K | $8.2K |
| Total current assets | $8.4M | $2.1M | $7.5M | $21.5M | $39.1M | $27.7M | $3.0M | $8.8M | $193.6K | $1.6M |
| Property, plant and equipment | $0 | $0 | $7.9K | $23.0K | $48.6K | $39.4K | $44.7K | $24.4K | $7.8K | $5.2K |
| Other intangibles | — | $0 | $773.5K | $702.1K | $642.4K | $601.6K | $491.2K | $379.5K | $298.6K | $241.0K |
| Total assets | $10.2M | $4.1M | $10.7M | $25.1M | $42.9M | $31.4M | $3.5M | $9.3M | $1.3M | $1.9M |
| Accounts payable | $743.1K | $1.1M | $1.4M | $442.9K | $973.2K | $193.0K | $436.3K | $295.1K | $629.1K | $285.7K |
| Total current liabilities | $2.2M | $2.5M | $3.3M | $2.8M | $1.6M | $450.7K | $510.7K | $387.8K | $831.0K | $285.7K |
| Total liabilities | $2.2M | $2.5M | — | $2.2M | $1.6M | — | — | — | — | — |
| Retained earnings | -$171.0M | -$154.8M | -$133.7M | -$102.8M | -$79.1M | -$58.4M | -$40.5M | -$29.8M | -$17.5M | -$14.1M |
| Total equity | $8.0M | $1.6M | $7.4M | $22.3M | $41.3M | $30.9M | $3.0M | $8.9M | $428.6K | $1.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.3M | -$17.9M | -$24.7M | -$17.6M | -$14.3M | -$13.9M | -$6.9M | -$6.8M | -$2.2M | -$1.2M |
| Depreciation and amortisation | $0 | $6.7K | $15.0K | $25.6K | $22.5K | $22.8K | $13.1K | $5.9K | $3.2K | $862 |
| Stock-based compensation | — | $3.3M | $5.4M | $4.7M | $5.3M | $4.2M | $3.5M | $5.4M | $1.3M | $2.7M |
| Capital expenditure | — | — | — | $0 | $31.7K | $17.6K | $33.4K | $22.4K | $5.9K | $5.0K |
| Investing cash flow | $0 | $774.6K | -$71.2K | -$59.7K | -$83.8K | -$2.3M | -$946.9K | -$103.3K | -$63.4K | -$89.5K |
| Financing cash flow | $21.5M | $12.0M | $10.6M | $6.4K | $25.7M | $41.6M | $1.3M | $15.4M | $794.0K | $2.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-013906.
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