Scilex Holding Co SCLX

Healthcare SIC 2836 - Biological Products, (No Diagnostic Substances) Nasdaq

We are an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain. We target indications with high unmet needs and large market opportunities with non-opioid therapies for the treatment of patients with acute and chronic pain and are dedicated to advancing and improving patient outcomes.

Our commercial products are: (i) ZTlidoÒ (lidocaine topical system) 1.8%, a prescription lidocaine topical product approved by the U.S. Food and Drug Administration (the "FDA") for the relief of neuropathic pain associated with postherpetic neuralgia ("PHN"), which is a form of post-shingles nerve pain; (ii) ELYXYB®, a potential first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults; and (iii) GLOPERBA®, the first and only liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults, which launched in June 2024. In addition, we have three product candidates: (i) SP-102 (10 mg, dexamethasone sodium phosphate viscous gel) ("SEMDEXAÔ"), a novel, viscous gel formulation of a widely used corticosteroid for epidural injections to treat lumbosacral radicular pain, or sciatica for which we have completed a Phase 3 study; (ii) SP-103 (lidocaine topical system) 5.4% ("SP-103"), a next-generation, triple-strength formulation of ZTlido, for the treatment of acute pain and for which we have completed a Phase 2 trial in acute low back pain ("LBP"); and (iii) SP-104 (4.5 mg, low-dose naltrexone hydrochloride delayed-release capsules) ("SP-104"), a novel low-dose delayed-release naltrexone hydrochloride being developed for the treatment of fibromyalgia, for which Phase 1 trials were completed. We believe our currently approved products and future product candidates, if approved by the FDA, could uniquely address what we believe are the significant unmet needs of the targeted populations and become the preferred treatment option for their respective indications.

Last close 5.42 2026-09-04
Market cap $46.0M 2026-06-30 share count
52-week range 4.20 - 34.27

Valuation FY2025 figures against the last close

P/S1.5x
P/E
P/FCF12.5x
EV/EBITDA
Dividend yield
Diluted EPS-36.48

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $30.3M$56.6M$46.7M$38.0M$31.3M$23.6M
Cost of revenue $10.6M$16.7M$15.7M$10.8M$3.6M$2.1M
Gross profit $125.8M$167.4M$31.1M$27.2M$27.7M$21.4M
R&D $20.7M$9.6M$12.7M$9.1M$9.2M$10.0M
SG&A $266.9M$119.0M$119.6M$64.9M$50.6M$43.0M
Operating income -$346.0M-$83.4M-$105.4M-$50.6M-$35.8M-$35.3M
Interest expense $11.5M$2.0M$1.1M$9.6M$11.8M$13.1M
Pre-tax income -$374.0M-$72.8M-$114.3M-$23.4M-$88.4M-$47.6M
Income tax $26.0K$1.0K$13.0K$4.0K$5.0K$53.0K
Net income -$374.1M-$72.8M-$114.3M-$23.4M-$88.4M-$47.5M
EPS, basic -36.48-7.24-1.28-0.17-0.67-0.36
EPS, diluted -36.48-8.05-1.28-0.17-0.67-0.36
Shares, diluted (wtd. avg.) $11.0K$10.1K$130.3M$134.2M$132.9M$132.9K

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $5.0M$3.3M$4.7M$2.2M$4.3M$4.8M$55.5M
Short-term investments $303.8K
Receivables $15.2M$26.4M$34.6M$21.2M$14.3M
Inventory $4.8M$2.4M$4.2M$1.4M$2.6M
Total current assets $38.4M$41.5M$46.8M$29.6M$23.0M$30.5K
Property, plant and equipment $13.6M$708.0K$722.0K$772.0K$805.0K
Goodwill $13.5M$13.5M$13.5M$13.5M$13.5M
Other intangibles $59.1M$32.5M$36.5M$40.6M$38.8M
Total assets $365.0M$93.0M$101.3M$86.5M$77.9M$199.5K
Accounts payable $86.3M$52.6M$41.0M$8.4M$4.3M
Short-term debt $83.3M$34.9M$108.4M$0$29.1M
Total current liabilities $483.7M$259.6M$250.4M$44.8M$169.4M$180.8K
Long-term debt $0$72.0M
Total liabilities $576.7M$285.6M$274.2M$50.3M$301.8M$180.8K
Retained earnings -$921.8M-$563.1M-$490.2M-$375.9M-$352.6M-$6.3K
Total equity -$207.8M-$192.6M-$172.9M$36.2M-$223.9M-$141.7M-$90.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $3.8M$19.3M-$20.7M-$21.3M-$28.7M-$31.5M
Depreciation and amortisation $4.6M$4.0M$4.1M$4.0M$3.8M$3.8M
Stock-based compensation $15.5M$15.7M$14.6M$5.3M$5.8M$5.4M
Capital expenditure $133.0K$0$30.0K$7.0K$0$25.0K
Investing cash flow $4.1M-$2.7M-$330.0K-$2.1M$0-$25.0K
Financing cash flow -$5.5M-$18.1M$23.6M$21.2M$28.2M-$19.2M
Dividends paid $8.7M$8.7M

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 0001193125-26-151455.

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