Eton Pharmaceuticals, Inc. · Drugmakers

ETON

Low riskNext report: Around Nov 5 (est.)

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The short version

A company still losing money with growing sales. Institutions are adding.

Going well

Sales up 99% in the latest quarter vs a year ago
Sales up 105% last year

Watch out for

Losing money
Debt above equity: 1.15x

Money moves

Insiders sold $229K in the last 30 days
Institutions added 19% to their holdings in the quarter ending June 2026 (113 bought, 41 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$50.16+0.4% that day

Company value: $1.4B; Share price times all shares
Price vs profit (P/E): 128.6x; You pay about $129 for each $1 of yearly profit
Price vs sales: 13.6x; Company value is 13.6 times a year of sales
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 2%; Debt as a share of company value

From ETON's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$37.6M+99% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $105.6M, up 81% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of ETON. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +81% a yearProfit margin12%Last 12 months: 12.0%P/E at the end40xToday: 128.6x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$392M

Profit in 5 years$47M

Price these guesses point to$65.84+31% vs $50.16 todayAbout +5.6% a year, before dividends

What today's price needs: with a 12% margin and a 40x P/E, sales would have to grow about 23% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-18.2%
MissDebt under half of equityNot relying on borrowed money.1.15x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-5.8%
MissProfitable every yearSteady profits, not one good year.0 of 8 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$10.2M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.53.5%

Revenue: $80.0M; +104.9% vs prior year
Total debt: $30.0M; 1.15x equity
Current ratio: 1.57x; short-term assets / bills due
Free cash flow: $10.2M; 12.7% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.