AMEX · Financial Statements

Palatin Technologies, Inc. (PTN) Financial Statements

$5.11 AMEX: PTN Market Cap $9.10M

Palatin Technologies, Inc. most recently reported annual revenue of $13.0M, a net loss of $8.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Palatin Technologies, Inc.: Revenue fell from $45.0M in 2017 to $13.0M in 2026, a change of -71.1% over 9 years; net profit was positive in 2 of 10 reported years; operating margin moved from -23.6% to -65.7%, a shift of -42.1 percentage points; the most recent year shows a net loss of $8.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$45.0M$67.0M$60.0M$0$0$1.0M$5.0M$4.0M$0$13.0M
Operating Expenses$55.0M$41.0M$25.0M$24.0M$33.0M$38.0M$37.0M$27.0M$17.0M$22.0M
Operating Profit$-11.0M$26.0M$36.0M$-24.0M$-33.0M$-37.0M$-32.0M$-22.0M$-17.0M$-9.0M
Operating Margin-23.6%38.6%59.3%-20007.6%17701.3%-2491.6%-668.8%-501.0%0.0%-65.7%
Other Income$-2.0M$-1.0M$0$1.0M$0$0$4.0M$-7.0M$0$0
Interest$2.0M$1.0M$0$0$0$0$0$0$0$0
Depreciation$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-13.0M$25.0M$36.0M$-22.0M$-34.0M$-36.0M$-29.0M$-30.0M$-17.0M$-8.0M
Tax$-3.9M$330,000$0$0$0$0$16.3M$0$0$0
Net Profit$-13.0M$25.0M$36.0M$-22.0M$-34.0M$-36.0M$-24.0M$-30.0M$-17.0M$-8.0M
EPS$-1.81$2.98$4.12$-2.38$-3.55$-3.79$-2.21$-2.02$-32.15$-2.96
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.0M$2.0M$0$0$0$0$0$0$9.0M$0$4.0M$0
Operating Expenses$8.0M$9.0M$9.0M$9.0M$8.0M$3.0M$5.0M$2.0M$4.0M$7.0M$6.0M$5.0M
Operating Profit$-6.0M$-7.0M$-9.0M$-8.0M$-8.0M$-3.0M$-5.0M$-2.0M$5.0M$-7.0M$-2.0M$-4.0M
Operating Margin-290.1%-326.9%0.0%-2378.8%0.0%0.0%0.0%0.0%52.7%-6315.8%-40.3%-1469.5%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-5.0M$-8.0M$-8.0M$-8.0M$-8.0M$-2.0M$-5.0M$-2.0M$5.0M$-7.0M$-1.0M$-4.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-5.0M$-8.0M$-8.0M$-8.0M$-8.0M$-2.0M$-5.0M$-2.0M$5.0M$-7.0M$-1.0M$-4.0M
EPS$-0.43$-0.56$-0.53$-0.56$-1.03$-0.32$-0.63$-0.51$4.26$-6.61$-1.30$-1.11

Over the 10 years reported for Palatin Technologies, Inc., borrowings decreased from $14.0M in 2017 to $0 in 2026, cash stood at $7.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.00 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$57.0M$39.0M$105.0M$85.0M$67.0M$36.0M$18.0M$11.0M$3.0M$9.0M
Current Assets$57.0M$39.0M$104.0M$84.0M$66.0M$35.0M$16.0M$10.0M$3.0M$8.0M
Cash$40.0M$38.0M$44.0M$83.0M$60.0M$30.0M$8.0M$10.0M$3.0M$7.0M
Inventory$1.0M$0$0$0$1.0M$1.0M$1.0M$0$0$0
Receivables$15.0M$0$60.0M$0$2.0M$2.0M$3.0M$0$0$0
Fixed Assets$0$0$0$1.0M$1.0M$1.0M$2.0M$1.0M$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$3.0M$0$0$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$62.0M$12.0M$4.0M$5.0M$18.0M$20.0M$20.0M$11.0M$8.0M$2.0M
Current Liabilities$55.0M$11.0M$4.0M$4.0M$11.0M$16.0M$15.0M$10.0M$8.0M$2.0M
Borrowings$14.0M$6.0M$0$1.0M$1.0M$1.0M$1.0M$1.0M$0$0
Other Liabilities$48.0M$6.0M$4.0M$4.0M$16.0M$19.0M$19.0M$10.0M$8.0M$2.0M
Equity$2.0M$2.0M$2.0M$2.0M$0$0$0$0$0$0
Reserves$-5.0M$27.0M$101.0M$80.0M$50.0M$16.0M$-2.0M$0$-5.0M$7.0M

For Palatin Technologies, Inc., operating cash flow was positive in 3 of 10 reported years; free cash flow in the latest year was negative at $14.0M; free cash flow was positive in 3 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$13.0M$2.0M$-22.0M$41.0M$-23.0M$-30.0M$-28.0M$-31.0M$-21.0M$-14.0M
Investing Cash Flow$2.0M$0$0$0$0$-1.0M$-4.0M$12.0M$3.0M$0
Financing Cash Flow$0$3.0M$1.0M$-3.0M$0$0$0$6.0M$3.0M$0
Net Cash Flow$32.0M$-2.0M$6.0M$39.0M$-23.0M$-30.0M$-22.0M$2.0M$-7.0M$5.0M
Free Cash Flow$13.0M$2.0M$-22.0M$41.0M$-23.0M$-30.0M$-29.0M$-32.0M$-21.0M$-14.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA-1.14
FCF Yield-80.54%
Quick Ratio4.61
Interest Coverage-1288.77
Return 1Y36.15%
Return 3Y-91.92%
Return 5Y-98.66%

Palatin Technologies, Inc. (PTN) financials — frequently asked questions

What is Palatin Technologies, Inc.'s annual revenue?

Palatin Technologies, Inc. (PTN) reported annual revenue of $13.0M in its most recent fiscal year.

What is Palatin Technologies, Inc.'s net profit?

Palatin Technologies, Inc. (PTN) reported a net loss of $8.0M in its most recent fiscal year.

What is PTN EV/EBITDA?

Palatin Technologies, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -1.14. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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