Jun 2026 (Q2 FY26) — Aug 13, 2026
Eton Pharmaceuticals Q2 FY26 — Record Revenue, Margin Expansion, and Strategic Portfolio Expansion
Read the full callEton Pharmaceuticals earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 37.6 | +98.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 34.0 | +41.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 11.6 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $18.77 on 14 Oct 2025 → $51.33. High $64.43 (24 Aug 2026), low $14.35 (5 Feb 2026).
Overview
Call summaries
Eton Pharmaceuticals Q2 FY26 — Record Revenue, Margin Expansion, and Strategic Portfolio Expansion
Read the full callEvery analysed call
Financials
Net profit, year on year: +548% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 10 | 12 | 17 | 19 | 22 | 21 | 24 | 38 |
| Operating profit | 1 | 1 | -0 | -1 | -1 | 2 | 2 | 13 |
| Operating margin | 4.9% | 5.4% | −2.7% | −7.8% | −6.1% | 11.6% | 9.9% | 34.0% |
| Other income | -0 | -1 | — | — | — | — | — | — |
| Interest | 0 | — | 1 | — | 1 | — | 1 | — |
| Profit before tax | 1 | -1 | -1 | -3 | -2 | 1 | 2 | 12 |
| Tax rate | −25.1% | −17.0% | −4.9% | −2.6% | 1.4% | −4.9% | 1.3% | 1.2% |
| Net profit | 1 | -1 | -2 | -3 | -2 | 1 | 2 | 12 |
| EPS ($ per share) | 0.02 | — | -0.06 | -0.10 | -0.07 | — | 0.06 | 0.42 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -46 | -64 | -92 | -94 | -103 | -104 | -108 | -112 |
| Total liabilities | 2 | 7 | 11 | 10 | 12 | 16 | 52 | 66 |
| Fixed assets | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total assets | 28 | 17 | 26 | 27 | 25 | 32 | 76 | 92 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -8 | -18 | -22 | -5 | 5 | 7 | 1 | 11 |
| Cash from investing | -0 | -2 | -0 | -3 | -3 | -1 | -40 | -0 |
| Cash from financing | 22 | 5 | 32 | 0 | -0 | -1 | 33 | 1 |
| Net cash flow | 14 | -15 | 9 | -7 | 2 | 5 | -6 | 11 |
| Capital expenditure | -0 | -1 | -0 | -0 | -0 | 0 | -0 | -0 |
| Free cash flow | -8 | -19 | -22 | -5 | 5 | 7 | 1 | 10 |
47 filings between Dec 12, 2025 and Oct 6, 2026.
Purchases
None
No insider bought shares.
Sales
$25.41M
24 sales by 5 insiders
Also filed: 1 option exercised.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BRYNJELSEN SEAN | — | $9.91M | Aug 20, 2026 |
| Opaleye Management Inc. | — | $5.83M | Jul 14, 2026 |
| Krempa David | — | $5.09M | Oct 6, 2026 |
| MAIER PAUL V | — | $2.95M | Aug 28, 2026 |
| Adams Jennifer McKie | — | $1.62M | Jun 17, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 6, 2026 | Krempa David Chief Business Officer | Sale | 4,166 | $229.4K |
| Oct 2, 2026 | Krempa David Chief Business Officer | Option exercise | 10,522 | — |
| Aug 28, 2026 | MAIER PAUL V Director | Option exercise | 50,000 | $189.0K |
| Aug 28, 2026 | MAIER PAUL V Director | Sale | 128 | $7.9K |
| Aug 28, 2026 | MAIER PAUL V Director | Option exercise | 12,500 | $91.4K |
| Aug 28, 2026 | MAIER PAUL V Director | Sale | 13,485 | $811.9K |
| Aug 28, 2026 | MAIER PAUL V Director | Sale | 36,387 | $2.13M |
| Aug 24, 2026 | Krempa David Chief Business Officer | Sale | 25,000 | $1.63M |
| Aug 24, 2026 | Krempa David Chief Business Officer | Option exercise | 25,000 | $182.8K |
| Aug 20, 2026 | BRYNJELSEN SEAN President & CEO | Sale | 7,342 | $456.1K |
| Aug 20, 2026 | BRYNJELSEN SEAN President & CEO | Sale | 36,373 | $2.22M |
| Aug 20, 2026 | BRYNJELSEN SEAN President & CEO | Sale | 47,307 | $2.85M |
| Aug 19, 2026 | BRYNJELSEN SEAN President & CEO | Sale | 8,978 | $562.5K |
| Jul 14, 2026 | Opaleye Management Inc. 10% owner | Sale | 13,315 | $499.9K |
| Jul 14, 2026 | Opaleye Management Inc. 10% owner | Sale | 15,000 | $563.1K |
| Jul 14, 2026 | BRYNJELSEN SEAN President & CEO | Option exercise | 200,000 | $274.0K |
| Jul 12, 2026 | BRYNJELSEN SEAN President & CEO | Option exercise | 27,500 | — |
| Jul 12, 2026 | Krempa David Chief Business Officer | Option exercise | 10,000 | — |
| Jul 7, 2026 | Opaleye Management Inc. 10% owner | Sale | 6,685 | $256.5K |
| Jul 7, 2026 | Opaleye Management Inc. 10% owner | Sale | 20,000 | $767.5K |
| Jul 6, 2026 | Opaleye Management Inc. 10% owner | Sale | 10,000 | $380.0K |
| Jul 2, 2026 | Opaleye Management Inc. 10% owner | Sale | 25,000 | $934.6K |
| Jul 2, 2026 | Opaleye Management Inc. 10% owner | Sale | 65,000 | $2.43M |
| Jun 17, 2026 | Adams Jennifer McKie Director | Option exercise | 50,000 | $189.0K |
| Jun 17, 2026 | Adams Jennifer McKie Director | Sale | 50,000 | $1.62M |
| May 28, 2026 | BRYNJELSEN SEAN President & CEO | Sale | 148 | $4.8K |
| May 28, 2026 | BRYNJELSEN SEAN President & CEO | Sale | 119,852 | $3.82M |
| May 27, 2026 | Krempa David Chief Business Officer | Option exercise | 12,476 | $17.1K |
| May 27, 2026 | Krempa David Chief Business Officer | Option exercise | 7,203 | $25.8K |
| May 27, 2026 | Krempa David Chief Business Officer | Sale | 19,679 | $619.4K |
| May 26, 2026 | Krempa David Chief Business Officer | Option exercise | 12,524 | $17.2K |
| May 26, 2026 | Krempa David Chief Business Officer | Option exercise | 25,000 | $34.5K |
| May 26, 2026 | Krempa David Chief Business Officer | Sale | 37,524 | $1.18M |
| May 22, 2026 | Krempa David Chief Business Officer | Sale | 519 | $18.2K |
| May 22, 2026 | Krempa David Chief Business Officer | Sale | 32,963 | $1.10M |
| May 22, 2026 | Krempa David Chief Business Officer | Option exercise | 30,591 | $109.5K |
| May 22, 2026 | Krempa David Chief Business Officer | Sale | 9,315 | $315.6K |
| Apr 21, 2026 | RIEDEL NORBERT G Director | Option exercise | 12,500 | $91.4K |
| Apr 21, 2026 | RIEDEL NORBERT G Director | Option exercise | 19,655 | $169.2K |
| Feb 3, 2026 | RIEDEL NORBERT G Director | Option exercised | 30,000 | $132.6K |
| Jan 14, 2026 | Gruber James R. Chief Financial Officer | Tax withheld | 2,293 | $35.5K |
| Jan 14, 2026 | Krempa David Chief Business Officer | Tax withheld | 1,942 | $30.3K |
| Jan 1, 2026 | BRYNJELSEN SEAN President & CEO | Tax withheld | 5,015 | $77.2K |
| Dec 12, 2025 | BRYNJELSEN SEAN President & CEO | Tax withheld | 6,732 | $113.3K |
| Dec 12, 2025 | Gruber James R. Chief Financial Officer | Tax withheld | 4,542 | $77.2K |
| Dec 12, 2025 | Krempa David Chief Business Officer | Tax withheld | 6,264 | $106.5K |
| Dec 12, 2025 | Erdogan-Trinkaus Ipek Chief Commercial Officer | Tax withheld | 85 | $1.4K |
| Aug 20, 2025 | Gruber James R. Chief Financial Officer | Sale | 2,631 | $42.1K |
| Aug 19, 2025 | Gruber James R. Chief Financial Officer | Sale | 39,082 | $631.6K |
| Jun 16, 2025 | Krempa David Chief Business Officer | Sale | 10,223 | $150.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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