Processa Pharmaceuticals, Inc. PCSA
Processa Pharmaceuticals, Inc. ("Processa," "we" or the "Company") was incorporated under the laws of the State of Delaware on March 29, 2011. Our principal executive office is located at 601 21st
Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and, if applicable, amendments to those reports filed or furnished
pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as reasonably practicable
after we electronically file such material with, or furnish it to, the Securities and Exchange Commission (SEC), as well as our Code of Ethics and Code of Conduct. The SEC also maintains
Last close
1.81
2026-10-23
Market cap
$5.1M
2026-06-30 share count
52-week range
1.04 - 10.84
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-10.36
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $0 | $0 | — | — | — | — | $5.0K |
| Gross profit | — | — | — | — | — | — | — | — | — | $5.0K |
| R&D | — | — | $5.8M | $11.5M | $6.9M | $3.2M | $2.3M | $3.1M | $964.2K | $1.5M |
| SG&A | $6.2M | $4.8M | $5.7M | $8.8M | $4.7M | $3.3M | $1.6M | $1.4M | $838.3K | $70.0K |
| Total operating expenses | — | — | — | — | — | — | — | — | $1.8M | $1.9M |
| Operating income | -$14.0M | -$12.1M | -$11.5M | -$27.5M | -$12.1M | -$15.1M | -$3.9M | -$4.5M | -$1.8M | -$1.9M |
| Interest expense | — | — | — | — | $362 | $281.1K | $36.7K | $161.2K | $59.1K | $245.4K |
| Pre-tax income | -$13.6M | -$11.9M | -$11.1M | -$27.4M | -$12.0M | -$15.4M | -$4.0M | -$4.7M | -$1.9M | -$337.2K |
| Income tax | — | — | — | — | $530.6K | $1.0M | $602.7K | $902.8K | $258.6K | — |
| Net income | $13.6M | -$11.8M | -$11.1M | -$27.4M | -$11.4M | -$14.4M | -$3.4M | -$3.8M | -$1.9M | -$1.9M |
| EPS, basic | -10.36 | -96.78 | -8.48 | -34.05 | -0.75 | — | — | — | -0.06 | -0.07 |
| EPS, diluted | -10.36 | -96.78 | -8.48 | -34.05 | -0.75 | -2.54 | -0.70 | -0.71 | -0.06 | -0.07 |
| Shares, diluted (wtd. avg.) | 1.3M | 122,438 | 1.3M | 805,477 | 15.3M | — | — | — | 32.6M | 29.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.5M | $1.2M | $4.7M | $6.5M | $16.5M | $15.4M | $691.5K | $1.7M | $2.8M | $1.1M |
| Total current assets | $5.7M | $1.9M | $5.6M | $8.4M | $18.3M | $16.2M | $1.0M | $2.0M | $3.0M | $2.3M |
| Property, plant and equipment | $3.8K | $5.0K | $2.6K | — | — | $484 | $8.9K | $17.4K | $25.8K | $22.4K |
| Other intangibles | — | — | — | — | $8.1M | $8.8M | $9.6M | $10.4M | — | — |
| Total assets | $7.8M | $3.2M | $5.8M | $8.6M | $26.5M | $25.2M | $10.9M | $12.5M | $3.0M | $2.4M |
| Accounts payable | $1.1M | $880.9K | $311.6K | $327.5K | $218.9K | $320.7K | $75.6K | $292.1K | $50.7K | $14.6K |
| Short-term debt | — | — | — | — | — | — | — | $230.0K | $2.4M | — |
| Total current liabilities | $2.2M | $1.5M | $730.6K | $998.6K | $971.0K | $1.2M | $1.2M | $645.7K | $2.6M | $97.7K |
| Total liabilities | $2.2M | $1.5M | $797.5K | $1.1M | $978.4K | $2.3M | $2.9M | $2.8M | $2.6M | $97.7K |
| Retained earnings | -$100.8M | -$87.2M | -$75.4M | -$64.2M | -$36.8M | -$25.4M | -$11.0M | -$7.6M | -$3.9M | -$2.0M |
| Total equity | $5.6M | $1.7M | $5.0M | $7.5M | $25.5M | $22.9M | $8.0M | $9.7M | $373.2K | -$2.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11.4M | -$11.2M | -$8.1M | -$9.6M | -$8.7M | -$3.1M | -$2.8M | -$3.7M | -$1.7M | -$2.2M |
| Depreciation and amortisation | $1.2K | $782 | $222 | — | $484 | $8.4K | $8.4K | $8.4K | $1.9K | $1.4K |
| Stock-based compensation | $857.5K | $629.5K | $1.1M | $8.8M | $3.4M | $2.7M | $510.5K | $74.1K | — | $6.7K |
| Capital expenditure | — | $3.2K | $2.8K | — | — | — | — | — | $20.6K | $23.8K |
| Investing cash flow | -$850.0K | -$3.2K | -$2.8K | — | — | — | — | -$22.3K | $1.0M | -$1.0M |
| Financing cash flow | $16.6M | $7.7M | $6.3M | -$388.8K | $9.8M | $17.9M | $1.7M | $2.6M | $2.4M | $4.3M |
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 0001493152-26-029326.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0K | — | — | — | — | $0 | $0 | — | — | — |
| Gross profit | $5.0K | — | — | — | — | — | — | — | — | — |
| Net income | -$1.9M | -$1.9M | -$3.8M | -$3.4M | -$14.4M | -$11.4M | -$27.4M | -$11.1M | -$11.8M | $13.6M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement terminated Item 1.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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