Longeveron Inc. (LGVN) Income Statement
LGVN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLGVN revenue and net income
Where LGVN's revenue goes
2025Each bar shows an amount and its share of revenue. LGVN kept −1,893.6% of revenue as net income.
LGVN profit margins
LGVN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −49.9% | −0.6% | −26.6% | — |
| Gross profit | −57.4% | +17.3% | −15.2% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LGVN quarterly EPS vs estimates
Longeveron beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $-1.70).
LGVN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | $2.4M | $709,000 | $1.2M | $1.3M | $5.6M | $5.6M | $2.1M |
| Cost of revenue | $396,000 | $508,000 | $488,000 | $725,000 | $716,000 | $3.8M | $3.8M | $1.5M |
| Gross profit | $803,000 | $1.9M | $221,000 | $497,000 | $590,000 | $1.8M | $1.8M | $680,649 |
| Research & development | $12.0M | $8.1M | $9.1M | $9.4M | $7.1M | $2.7M | $2.7M | $3.9M |
| Sales, general & admin | $12.0M | $10.3M | $12.2M | $9.2M | $11.0M | $2.9M | $2.9M | $3.2M |
| Total operating expenses | $24.1M | $18.4M | $21.2M | $18.5M | $18.0M | $5.6M | $5.6M | $7.0M |
| Operating income | −$23.3M | −$16.5M | −$21.0M | −$18.0M | −$17.5M | −$3.8M | −$3.8M | −$6.4M |
| Interest income | — | — | — | — | — | $139 | $2,937 | $23,821 |
| Interest expense | — | — | — | $287,000 | $4,000 | $6,541 | $169 | $0 |
| Income before taxes | −$22.7M | −$16.0M | −$21.4M | −$18.8M | −$17.0M | −$3.7M | −$3.7M | −$6.3M |
| Income taxes | — | −$24.6M | $778,105 | $792,000 | −$58,000 | $70,412 | $35,630 | $23,821 |
| Net income | −$22.7M | −$16.0M | −$21.4M | −$18.8M | −$17.0M | −$3.7M | −$3.7M | −$6.3M |
| EBITDA | −$21.5M | −$15.0M | −$20.5M | −$17.9M | −$16.1M | −$2.9M | −$2.9M | −$5.6M |
| EPS (diluted) | −$3.26 | −$4.05 | −$8.22 | −$9.00 | −$0.89 | −$1.05 | −$23.23 | — |
| Gross margin | 67.0% | 78.8% | 31.2% | 40.7% | 45.2% | 32.4% | 32.4% | 31.9% |
| Operating margin | −1,942.2% | −690.7% | −2,966.0% | −1,476.5% | −1,336.6% | −67.1% | −67.1% | −298.0% |
| Net margin | −1,893.6% | −667.8% | −3,020.2% | −1,541.3% | −1,305.1% | −66.1% | −66.1% | −296.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $287,000 | $398,000 | $365,000 | $137,000 | $316,000 | $381,000 | $603,000 | $773,000 | $468,000 | $548,000 | $63,000 | $150,000 |
| Cost of revenue | $105,000 | $134,000 | $108,000 | $12,000 | $170,000 | $106,000 | $73,000 | $91,000 | $124,000 | $219,000 | $65,000 | $96,000 |
| Gross profit | $182,000 | $264,000 | $257,000 | $125,000 | $146,000 | $275,000 | $530,000 | $682,000 | $344,000 | $329,000 | −$2,000 | $54,000 |
| Research & development | $3.2M | $2.3M | $2.7M | $3.9M | $3.0M | $2.5M | $2.0M | $2.2M | $1.7M | $2.2M | $2.2M | $1.8M |
| Sales, general & admin | $3.2M | $2.7M | $2.9M | $3.6M | $2.6M | $2.9M | $2.8M | $3.1M | $2.1M | $2.2M | $3.3M | $3.4M |
| Total operating expenses | $6.4M | $5.0M | $5.7M | $7.4M | $5.5M | $5.5M | $4.8M | $5.3M | $3.8M | $4.4M | $5.4M | $5.2M |
| Operating income | −$6.2M | −$4.8M | −$5.4M | −$7.3M | −$5.4M | −$5.2M | −$4.3M | −$4.6M | −$3.5M | −$4.1M | −$5.4M | −$5.2M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $69,000 | — |
| Income before taxes | −$6.1M | −$4.7M | −$5.4M | −$7.2M | −$5.0M | −$5.0M | −$4.1M | −$4.4M | −$3.4M | −$4.1M | −$6.0M | −$5.1M |
| Income taxes | — | — | — | — | — | — | — | — | — | $209,724 | $301,000 | −$232,000 |
| Net income | −$6.1M | −$4.7M | −$5.4M | −$7.2M | −$5.0M | −$5.0M | −$4.1M | −$4.4M | −$3.4M | −$4.1M | −$6.0M | −$5.1M |
| EBITDA | −$6.0M | −$4.5M | −$5.2M | −$7.0M | −$4.8M | −$4.6M | −$3.8M | −$4.2M | −$3.2M | −$3.8M | −$5.8M | −$4.9M |
| EPS (diluted) | −$0.19 | −$0.19 | −$2.20 | −$0.39 | −$0.33 | −$0.34 | −$0.27 | −$0.34 | −$1.83 | −$1.61 | −$2.50 | −$2.80 |
| Gross margin | 63.4% | 66.3% | 70.4% | 91.2% | 46.2% | 72.2% | 87.9% | 88.2% | 73.5% | 60.0% | −3.2% | 36.0% |
| Operating margin | −2,150.2% | −1,199.7% | −1,479.2% | −5,335.8% | −1,707.9% | −1,359.8% | −710.0% | −601.4% | −747.9% | −746.4% | −8,634.9% | −3,440.7% |
| Net margin | −2,116.0% | −1,189.9% | −1,491.5% | −5,270.8% | −1,591.1% | −1,315.2% | −676.8% | −571.7% | −729.3% | −740.5% | −9,568.3% | −3,404.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LGVN's financial statements (latest annual report filed March 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LGVN financial results
In fiscal year 2025 (ended December 31, 2025), Longeveron reported revenue of $1.2 million, down 49.9% from the year before. It had a net loss of $22.7 million, a net profit margin of −1,893.6%. Diluted earnings per share came to −$3.26. Over five years revenue grew at an average rate of −26.6% a year.
See the LGVN stock overview for the latest quote and news, or the LGVN chart for price history and technical indicators.
LGVN income statement FAQ
What is Longeveron's annual revenue?
Longeveron reported total revenue of $1.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 49.9% from $2.4 million the previous year.
Is Longeveron profitable?
No. Longeveron reported a net loss of $22.7 million in fiscal 2025, a net profit margin of −1,893.6%; its operating margin was −1,942.2%.
What is Longeveron's gross margin?
Longeveron's gross margin was 67.0% in fiscal 2025: for every $100 of revenue, Longeveron kept $67 after the direct cost of its products and services.
How much does Longeveron spend on research and development?
Longeveron spent $12.0 million on research and development in fiscal 2025, 1,004.3% of revenue.
How fast is Longeveron growing?
Revenue grew −26.6% a year on average over the last five fiscal years, from $5.6 million to $1.2 million.
What are Longeveron's earnings per share?
Longeveron earned $-3.26 per diluted share in fiscal 2025, compared with $-4.05 a year earlier.
When will Longeveron report its next earnings?
Longeveron is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Longeveron's fiscal year end?
Longeveron's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 17, 2026.