NeurAxis, Inc. (NRXS) Income Statement
NRXS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNRXS revenue and net income
Where NRXS's revenue goes
2025Each bar shows an amount and its share of revenue. NRXS kept −218.5% of revenue as net income.
NRXS profit margins
NRXS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +32.9% | +10.0% | +13.1% | — |
| Gross profit | +29.4% | +8.0% | +15.7% | — |
| 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.
NRXS quarterly EPS vs estimates
NeurAxis beat the analyst EPS estimate in 3 of the last 7 quarters. Next report: November 9, 2026 (estimate $-0.21).
NRXS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $3.6M | $2.7M | $2.5M | $2.7M | $2.7M | $1.9M |
| Cost of revenue | $562,916 | $362,002 | $303,345 | $297,060 | $467,656 | $481,089 |
| Gross profit | $3.0M | $2.3M | $2.2M | $2.4M | $2.3M | $1.4M |
| Research & development | $493,611 | $206,107 | $169,315 | $225,610 | $203,414 | $166,798 |
| Sales, general & admin | $10.3M | $9.3M | $8.7M | $5.5M | $5.0M | $5.4M |
| Total operating expenses | $10.8M | $9.5M | $8.8M | $5.8M | $5.2M | $5.6M |
| Operating income | −$7.8M | −$7.2M | −$6.7M | −$3.4M | −$3.0M | −$4.1M |
| Interest income | — | — | — | — | $0 | $37 |
| Interest expense | $73,969 | $300,715 | $5.4M | $417,601 | $36,928 | $75,711 |
| Income before taxes | −$7.8M | −$8.2M | −$14.6M | −$4.8M | −$3.0M | −$3.7M |
| Income taxes | — | −$8.2M | $5.4M | $429,557 | $45,200 | $324,063 |
| Net income | −$7.8M | −$8.2M | −$14.6M | −$4.8M | −$3.0M | −$3.7M |
| EBITDA | −$7.7M | −$7.9M | −$9.2M | −$4.3M | −$3.0M | −$3.6M |
| EPS (diluted) | −$0.89 | −$1.20 | −$3.19 | −$0.57 | −$0.56 | — |
| Gross margin | 84.2% | 86.5% | 87.7% | 88.9% | 82.8% | 75.1% |
| Operating margin | −219.4% | −266.5% | −270.9% | −125.6% | −109.1% | −213.5% |
| Net margin | −218.5% | −306.8% | −594.6% | −178.0% | −111.3% | −193.0% |
| 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 | $1.9M | $1.6M | $968,127 | $811,414 | $894,086 | $895,655 | $761,165 | $666,625 | $611,500 | $646,635 | $531,459 | $477,460 |
| Cost of revenue | $272,573 | $218,366 | $141,311 | $135,487 | $146,643 | $139,475 | $105,053 | $97,050 | $73,458 | $75,081 | $72,345 | $67,287 |
| Gross profit | $1.7M | $1.4M | $826,816 | $675,927 | $747,443 | $756,180 | $656,112 | $569,575 | $538,042 | $571,554 | $459,114 | $410,173 |
| Research & development | $274,344 | $99,567 | $243,886 | $130,850 | $58,319 | $60,556 | $73,803 | $72,422 | $54,312 | $5,570 | $2,221 | $44,950 |
| Sales, general & admin | $3.5M | $3.0M | $2.3M | $2.6M | $2.4M | $3.0M | $2.0M | $2.1M | $2.7M | $2.4M | $2.1M | $3.4M |
| Total operating expenses | $3.8M | $3.1M | $2.5M | $2.8M | $2.5M | $3.1M | $2.1M | $2.2M | $2.7M | $2.4M | $2.1M | $3.4M |
| Operating income | −$2.1M | −$1.7M | −$1.7M | −$2.1M | −$1.7M | −$2.3M | −$1.5M | −$1.7M | −$2.2M | −$1.8M | −$1.6M | −$3.0M |
| Interest income | — | — | — | — | — | — | — | $0 | — | — | — | $2,103 |
| Interest expense | $19,794 | $26,189 | $28,637 | $29,661 | $13,434 | $2,237 | $2,394 | $105,564 | $144,514 | $48,243 | $22,547 | $1.4M |
| Income before taxes | −$2.1M | −$1.8M | −$1.7M | −$2.1M | −$1.7M | −$2.3M | −$1.4M | −$1.8M | −$2.9M | −$2.1M | −$5.3M | −$8.6M |
| Income taxes | — | — | — | — | — | — | — | — | −$429,426 | $24,850 | $24,850 | $1.4M |
| Net income | −$2.3M | −$1.8M | −$1.7M | −$2.1M | −$1.7M | −$2.3M | −$1.4M | −$1.8M | −$2.9M | −$2.1M | −$5.3M | −$8.6M |
| EBITDA | −$2.0M | −$1.7M | −$1.7M | −$2.1M | −$1.7M | −$2.3M | −$1.4M | −$1.6M | −$2.8M | −$2.1M | −$1.6M | −$7.2M |
| EPS (diluted) | −$0.19 | −$0.18 | −$0.10 | −$0.24 | −$0.22 | −$0.33 | −$0.20 | −$0.25 | −$0.42 | −$0.32 | −$0.25 | −$1.35 |
| Gross margin | 85.9% | 86.4% | 85.4% | 83.3% | 83.6% | 84.4% | 86.2% | 85.4% | 88.0% | 88.4% | 86.4% | 85.9% |
| Operating margin | −110.2% | −108.3% | −177.3% | −258.8% | −192.1% | −256.2% | −192.7% | −247.7% | −360.9% | −283.3% | −305.4% | −633.0% |
| Net margin | −118.1% | −109.5% | −176.5% | −261.6% | −189.1% | −254.4% | −190.2% | −263.3% | −477.1% | −328.0% | −999.8% | −1,806.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NRXS's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NRXS financial results
In fiscal year 2025 (ended December 31, 2025), NeurAxis reported revenue of $3.6 million, up 32.9% from the year before. It had a net loss of $7.8 million, a net profit margin of −218.5%. Diluted earnings per share came to −$0.89. Over five years revenue grew at an average rate of 13.1% a year.
See the NRXS stock overview for the latest quote and news, or the NRXS chart for price history and technical indicators.
NRXS income statement FAQ
What is NeurAxis's annual revenue?
NeurAxis reported total revenue of $3.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 32.9% from $2.7 million the previous year.
Is NeurAxis profitable?
No. NeurAxis reported a net loss of $7.8 million in fiscal 2025, a net profit margin of −218.5%; its operating margin was −219.4%.
What is NeurAxis's gross margin?
NeurAxis's gross margin was 84.2% in fiscal 2025: for every $100 of revenue, NeurAxis kept $84 after the direct cost of its products and services.
How much does NeurAxis spend on research and development?
NeurAxis spent $0.5 million on research and development in fiscal 2025, 13.8% of revenue.
How fast is NeurAxis growing?
Revenue grew 13.1% a year on average over the last five fiscal years, from $1.9 million to $3.6 million.
What are NeurAxis's earnings per share?
NeurAxis earned $-0.89 per diluted share in fiscal 2025, compared with $-1.20 a year earlier.
When will NeurAxis report its next earnings?
NeurAxis is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does NeurAxis's fiscal year end?
NeurAxis's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.