ETON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $50.00
Market Cap (MRQ) $1.41B
Revenue $80M
ROE -18.4%
Debt/Equity (MRQ) 0.4
52W Range $14–$66

ETON Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$80M
2019-12-31 → 2025-12-31
Free Cash Flow$10M
2018-12-31 → 2025-12-31
Net margin12.0%
2020-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend ETON 5Y avg Peer Median Verdict
P/S (TTM) 13.45Y avg ≈5.8 ≈5.8 9.7 Fair value
P/B (MRQ) 30.45Y avg ≈10.9 ≈10.9 3.7 Overvalued
EV / EBITDA -1607.85Y avg ≈-188.7 ≈-188.7 · ·
Price / FCF (TTM) 96.05Y avg ≈103.7 ≈103.7 · ·
Price / Cash Flow (TTM) 93.55Y avg ≈100.8 ≈100.8 25.5 Overvalued
EV / Revenue 17.05Y avg ≈5.4 ≈5.4 · ·
EV / FCF 133.25Y avg ≈99.7 ≈99.7 · ·
Price / Tangible Book (MRQ) 1559.55Y avg ≈8.9 ≈8.9 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -28.1%
Next Report Nov 09, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 13, 2026 $0.35 $0.11 226.8%
March 31, 2026 May 14, 2026 $0.05 $0.09 -45.5%
Dec. 31, 2025 $0.06 $0.09 -34.6%
Sept. 30, 2025 $-0.07 $0.09 -176.3%
June 30, 2025 $-0.10 $-0.04 -167.4%
March 31, 2025 $0.07 $0.05 28.7%
Dec. 31, 2024 $-0.02 $-0.00 —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 15
Metric Trend 2025202420232022202120202019
Revenue $80M$39M$32M$21M$22M$39.0K$959.0K
Cost of Revenue $37M$16M$11M$7M$3M$436.0K$453.0K
Gross Profit $43M$23M$21M$14M$19M$-397.0K$506.0K
R&D Expense $8M$3M$3M$4M$6M$14M$12M
SG&A Expense $36M$23M$19M$19M$14M$13M$8M
Operating Expenses $44M$26M$22M$23M$20M$27M$19M
Operating Income $-844.0K$-3M$-1M$-8M$-1M$-27M$-19M
Interest Expense ··$1M$955.0K$1M$884.0K$98.0K
Other Non-op $-4M$-1M$503.0K$-761.0K$-1M$-859.0K$281.0K
Pretax Income $-5M$-4M$-689.0K$-9M$-2M$-28M$-18M
Income Tax $43.0K$15.0K$247.0K$0$0··
Net Income $-5M$-4M$-936.0K$-9M$-2M$-28M$-18M
EPS (Basic) $-0.17$-0.15$-0.04$-0.36$-0.08$-1.33·
Shares (Basic) 26,908,00025,895,00025,645,00025,146,00025,207,00021,010,000·
EBITDA $-844.0K$-3M·$-8M$-1M$-27M·
Balance Sheet 25
Metric Trend 2025202420232022202120202019
Cash & Equivalents $26M$15M$21M$16M$14M$21M$12M
Receivables $12M$5M$3M$2M$5M$48.0K$473.0K
Inventory $15M$15M$911.0K$557.0K$550.0K$1M$380.0K
Prepaid Expense $7M$5M$1M$1M$3M$2M$2M
Current Assets $61M$41M$27M$20M$24M$25M$15M
PP&E (Net) $326.0K$34.0K$58.0K$72.0K$115.0K$811.0K$1M
PP&E (Gross) $812.0K$480.0K$453.0K$424.0K$466.0K$2M$1M
Accum. Depreciation $486.0K$446.0K$395.0K$352.0K$351.0K$692.0K$345.0K
Intangibles $31M$35M$5M$5M$4M$575.0K$725.0K
Other Non-current Assets $19.0K$12.0K$12.0K$12.0K$21.0K$40.0K$61.0K
Total Assets $92M$76M$32M$25M$27M$26M$17M
Accounts Payable $11M$4M$2M$2M$2M$2M$575.0K
Accrued Liabilities $9M$9M$5M$4M$1M$1M$1M
Current Liabilities $38M$20M$16M$6M$5M$4M$2M
Capital Leases $460.0K$107.0K$22.0K$107.0K$15.0K$99.0K$19.0K
Other Non-current Liabilities $5M$2M$0····
Total Liabilities $66M$52M$16M$12M$10M$11M$7M
Long-term Debt $31M$30M$0$5M$5M$7M$5M
Total Debt $31M$0·$1M$1M··
Common Stock $27.0K$27.0K$26.0K$25.0K$25.0K$24.0K$18.0K
Paid-in Capital ·$132M····$75M
Retained Earnings $-112M$-108M$-104M$-103M$-94M$-92M$-64M
Stockholders' Equity $26M$24M$15M$13M$18M$18M$11M
Liabilities + Equity $92M$76M$32M$25M$27M$26M$17M
Shares Outstanding 27,047,06126,709,08425,688,06225,353,11924,626,00424,312,80817,877,486
Cash Flow 15
Metric Trend 2025202420232022202120202019
D&A $4M$1M$901.0K$66.0K$155.0K$347.0K$283.0K
Stock-based Comp $6M$3M$3M$4M$3M$3M$2M
Amort. of Intangibles $4M$1M$790.0K$2M$204.0K$150.0K$25.0K
Other Non-cash ···$10M$-6M··
Operating Cash Flow $11M$969.0K$7M$5M$-5M$-22M$-18M
CapEx $333.0K$26.0K$0$38.0K$9.0K$50.0K$1M
Investing Cash Flow $-333.0K$-40M$-775.0K$-3M$-3M$-50.0K$-2M
Debt Issued $0$25M$0$0·$2M$5M
Net Debt Issued $0$24M···$2M·
Stock Issued ·····$29M·
Net Stock Activity ·····$29M·
Financing Cash Flow $815.0K$33M$-957.0K$-134.0K$391.0K$32M$5M
Net Change in Cash $11M$-6M$5M$2M$-7M$9M$-15M
Taxes Paid $118.0K$82.0K$247.0K$0$0··
Free Cash Flow $10M$943.0K·$5M$-5M$-22M·
Profitability 8
Metric Trend 2025202420232022202120202019
Gross Margin 53.5%60.0%·67.4%88.0%-633.3%·
Operating Margin -1.1%-6.7%·-38.9%-6.9%-69515.4%·
Net Margin -5.8%-9.8%·-42.4%-8.9%-71717.9%·
Pretax Margin -5.7%-9.8%·-42.4%-8.9%-71717.9%·
EBITDA Margin -1.1%-6.7%·-38.6%-6.1%-69515.4%·
ROA -5.5%-7.1%·-34.4%-7.3%-128.9%·
ROE -18.4%-18.9%·-74.4%-11.8%-328.1%·
ROIC -1.5%-10.7%·····
Liquidity & Solvency 5
Metric Trend 2025202420232022202120202019
Current Ratio 1.62.1·3.15.26.5·
Quick Ratio 1.01.0·2.84.45.6·
Debt / Equity 1.20.0·0.10.1··
LT Debt / Equity 0.8······
Interest Coverage ···-8.6-1.4-30.7·
Efficiency 3
Metric Trend 2025202420232022202120202019
Asset Turnover 1.00.7·0.80.80.0·
Inventory Turnover 2.41.9·12.5·0.4·
Receivables Turnover 9.38.9·5.87.90.1·
Per Share 3
Metric Trend 2025202420232022202120202019
Book Value / Share $0.97$0.91·$0.52$0.72$0.64·
Cash / Share $0.96$0.56·$0.64$0.58$0.88·
EPS (TTM) ·$-0.15$-0.06$-0.63···
Growth Rates 3
Metric Trend 2025202420232022202120202019
Revenue YoY 104.9%23.3%48.9%-2.7%55879.5%··
Revenue CAGR 3Y 55.5%21.3%832.7%····
Revenue CAGR 5Y 359.6%······
Valuation (TTM) 14
Metric Trend 2025202420232022202120202019
Revenue TTM $80M$39M$32M$21M$22M$39.0K$959.0K
Net Income TTM $-5M$-4M$-936.0K$-9M$-2M$-28M$-18M
Market Cap $457M$356M·$71M$106M$198M·
Enterprise Value $462M$341M·$56M$93M··
P/E ·-88.8-73.0-4.5···
P/S 5.79.1·3.44.85068.3·
P/B 17.514.6·5.56.012.6·
P / Tangible Book ··10.58.67.511.6·
P / Cash Flow 43.5367.1·14.8-22.4-8.8·
P / FCF 44.9377.3·14.9-22.3-8.8·
EV / EBITDA -547.4-131.2·-6.9-69.1··
EV / FCF 45.3361.4·11.8-19.6··
EV / Revenue 5.88.7·2.64.2··
Earnings Yield ·-1.1%-1.4%-22.3%···

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $80M $39M $32M $21M $22M
Gross Margin % 53.5% 60.0% · 67.4% 88.0%
Operating Margin % -1.1% -6.7% · -38.9% -6.9%
Net Income $-5M $-4M $-936.0K $-9M $-2M

Institutional owners (13F) 184 filers · $747.7M total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 184
Value held $747.7M
New positions 54
Exited positions 5
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
54 (+19 vs prior Q) 5 (-10 vs prior Q) 59 (+23 vs prior Q) 38 (+6 vs prior Q) +2.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Opaleye Management Inc. $103,532,000 2,860,000 13.85% Shares
EcoR1 Capital, LLC $78,624,156 2,171,938 10.52% Shares
BlackRock, Inc. $68,629,156 1,895,833 9.18% Shares
Nantahala Capital Management, LLC $42,569,426 1,175,951 5.69% Shares
VANGUARD CAPITAL MANAGEMENT LLC $35,351,834 976,570 4.73% Shares
MORGAN STANLEY $27,800,585 767,972 3.72% Shares
STATE STREET CORP $25,404,653 701,786 3.40% Shares
GEODE CAPITAL MANAGEMENT, LLC $23,618,970 652,303 3.16% Shares
VANGUARD GROUP INC $22,805,976 1,348,668 3.05% Shares
OBERWEIS ASSET MANAGEMENT INC/ $18,157,920 501,600 2.43% Shares
National Philanthropic Trust $17,814,454 492,112 2.38% Shares
Westside Investment Management, Inc. $15,608,010 431,160 2.09% Shares
Pillsbury Lake Capital LLC $14,015,083 387,157 1.87% Shares
Nuveen, LLC $13,600,593 375,707 1.82% Shares
BNP PARIBAS FINANCIAL MARKETS $11,673,269 322,466 1.56% Shares
Woodline Partners LP $11,253,820 310,879 1.51% Shares
NORTHERN TRUST CORP $9,261,733 255,849 1.24% Shares
MARSHALL WACE, LLP $9,020,387 249,182 1.21% Shares
WASATCH ADVISORS LP $8,125,225 157,802 1.09% Shares
Panoramic Capital, LLC $7,536,550 208,192 1.01% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $7,044,194 194,591 0.94% Shares
JPMORGAN CHASE & CO $7,038,753 191,635 0.94% Shares
D. E. Shaw & Co., Inc. $6,821,962 188,452 0.91% Shares
JANE STREET GROUP, LLC $6,722,232 185,697 0.90% Shares
Lumbard & Kellner, LLC $6,367,906 175,909 0.85% Shares
CANNELL CAPITAL LLC $6,181,041 170,747 0.83% Shares
NORGES BANK $6,135,900 169,500 0.82% Shares
VANGUARD FIDUCIARY TRUST CO $6,101,112 168,539 0.82% Shares
Informed Momentum Co LLC $5,721,229 158,045 0.77% Shares
Prospect Capital Advisors, LLC $5,690,640 157,200 0.76% Shares
Aristides Capital LLC $5,263,842 145,410 0.70% Shares
BANK OF AMERICA CORP /DE/ $5,149,704 142,257 0.69% Shares
PRELUDE CAPITAL MANAGEMENT, LLC $4,980,106 137,572 0.67% Shares
GOLDMAN SACHS GROUP INC $4,799,505 132,583 0.64% Shares
Bank of New York Mellon Corp $4,280,614 118,249 0.57% Shares
TWO SIGMA INVESTMENTS, LP $4,209,734 116,291 0.56% Shares
WELLS FARGO & COMPANY/MN $4,150,510 114,655 0.56% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $3,232,660 89,300 0.43% Call option
Bridge City Capital, LLC $3,190,378 88,132 0.43% Shares
Walleye Capital LLC $3,122,214 86,249 0.42% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $2,788,558 77,032 0.37% Shares
WELLINGTON MANAGEMENT GROUP LLP $2,754,928 76,103 0.37% Shares
Diametric Capital, LP $2,646,256 73,101 0.35% Shares
Numerai GP LLC $2,538,127 70,114 0.34% Shares
UBS Group AG $2,368,349 65,424 0.32% Shares
Robeco Institutional Asset Management B.V. $2,368,179 45,993 0.32% Shares
Squarepoint Ops LLC $2,156,144 59,562 0.29% Shares
BOOTHBAY FUND MANAGEMENT, LLC $2,082,079 57,516 0.28% Shares
BARCLAYS PLC $2,033,751 56,181 0.27% Shares
HighTower Advisors, LLC $1,915,233 52,907 0.26% Shares

Show all 184 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Harrow, Inc. April 30, 2024 · Initial filing · SEC
Jan. 28, 2022 · Initial filing · SEC
Imprimis Pharmaceuticals, Inc. 2) Nov. 23, 2018 · Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 13 insiders · 6 officers · 6 directors

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Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Sean Brynjelsen President & CEO Aug. 20, 2026 S 961,194 0 6 $-9,913,490
Judith M. Matthews Chief Financial Officer July 31, 2026 A · 0 0 $0
James R. Gruber Chief Financial Officer Jan. 12, 2026 A 213,420 0 0 $0
William Wilson Troutman CFO and Secretary Feb. 7, 2022 A 23,027 0 0 $0
David Krempa Chief Business Officer Oct. 2, 2026 M 43,381 0 7 $-5,085,889
Ipek Erdogan-Trinkaus Chief Commercial Officer July 31, 2026 A 2,403 0 0 $0
Paul V Maier Director Aug. 28, 2026 M 72,245 0 6 $-5,907,146
Jennifer Mckie Adams Director July 31, 2026 A 0 0 1 $-1,624,000
Norbert G Riedel Director July 31, 2026 A 67,155 0 0 $0
Charles J Casamento Director July 31, 2026 A 71,920 0 0 $0
Mark L. Baum Director March 12, 2020 A 10,000 0 0 $0
Opaleye Management Inc. 10% owner July 14, 2026 S 40,000 0 9 $-6,894,893
Imprimis Pharmaceuticals, Inc. 10% owner April 12, 2021 S 1,982,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 24 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PILL · Direxion Shares ETF Trust 1.25% 5,548 NS July 31, 2026 N-PORT
AFSM · First Trust Exchange-Traded Fund VI… 1.03% 21,783 NS Aug. 31, 2026 N-PORT
PTH · Invesco Exchange-Traded Fund Trust 0.99% 56,996 SH Oct. 23, 2026 Daily
DWAS · Invesco Exchange-Traded Fund Trust … 0.42% 32,416 SH Oct. 23, 2026 Daily
IWC · iShares Trust 0.36% 90,559 SH Sept. 11, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.33% 17,559 SH Oct. 23, 2026 Daily
IWO · iShares Trust 0.10% 251,522 SH Sept. 11, 2026 Daily
IBBQ · Invesco Exchange-Traded Fund Trust … 0.10% 2,166 SH Oct. 23, 2026 Daily
VFQY · VANGUARD WELLINGTON FUND 0.08% 9,946 SH Aug. 19, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.06% 28,627 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.05% 685,344 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.04% 12,766 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.03% 153,798 SH Aug. 19, 2026 Daily
WSML · iShares Trust 0.01% 1,473 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.01% 271,003 SH Aug. 19, 2026 Daily
DFAS · Dimensional ETF Trust 0.00% 16,216 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.00% 9,210 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.00% 39,879 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.00% 998 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 1,223 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 1,723 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 1,005 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 684,821 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 2,220 SH Aug. 19, 2026 Daily

ETON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 10 analysts BUY
Median target $70.00 +40.0%
2 20.0% Strong Buy
7 70.0% Buy
1 10.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

4 analysts · 2026-10-25

Mean target $71.50 +43.0%

← Below all targets Current price $50.00
Low$68.00 Mean$71.50 High$78.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ETON $457M · 104.9% -5.8% -18.4% 53.5%
NUVB $3.03B -14.9 699.0% -325.3% -60.3% ·
PAHC · 12.9 17.1% 6.6% 29.7% 33.8%
GPCR $14.78B -86.9 · · -12.3% ·
INVA · 6.1 14.7% · · ·
PCRX $1.06B 161.8 3.6% 0.97% 0.97% ·
OCUL $2.62B -8.5 -18.5% -511.9% -55.4% ·
NKTR $862M -4.3 -43.9% -297.1% -500.1% ·
RAPP $1.45B -10.6 · · -29.8% ·
LBRX $563M -7.1 · · -25.5% ·
OMER $1.23B -343.6 · · 1.9% ·

Latest News Recent headlines mentioning this company

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26

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Source: SEC 10-Q filed Aug 13, 2026