Scilex Holding Company (SCLX) Income Statement
SCLX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSCLX revenue and net income
Where SCLX's revenue goes
2025Each bar shows an amount and its share of revenue. SCLX kept −1,185.8% of revenue as net income.
SCLX profit margins
SCLX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −46.5% | −7.3% | +5.1% | — |
| Gross profit | −62.3% | −18.0% | −6.8% | — |
| 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.
SCLX quarterly EPS vs estimates
Scilex beat the analyst EPS estimate in 2 of the last 7 quarters. Next report: November 13, 2026.
SCLX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $30.3M | $56.6M | $46.7M | $38.0M | $31.3M | $23.6M | $21.0M |
| Cost of revenue | $15.2M | $16.7M | $15.7M | $10.8M | $3.6M | $2.1M | $5.8M |
| Gross profit | $15.0M | $39.9M | $31.1M | $27.2M | $27.7M | $21.4M | $15.2M |
| Research & development | $20.7M | $9.6M | $12.7M | $9.1M | $9.2M | $10.0M | $85.5M |
| Sales, general & admin | $266.9M | $119.0M | $119.6M | $64.9M | $50.6M | $43.0M | $64.7M |
| Total operating expenses | $287.3M | $123.3M | $136.5M | $77.9M | $63.5M | $56.7M | $153.9M |
| Operating income | −$272.3M | −$83.4M | −$105.4M | −$50.6M | −$35.8M | −$35.3M | −$138.7M |
| Interest income | — | — | — | — | $0 | $0 | $460,000 |
| Interest expense | $11.5M | $2.0M | $1.1M | $9.6M | $11.8M | $13.1M | $16.9M |
| Income before taxes | −$374.0M | −$72.8M | −$114.3M | −$23.4M | −$88.4M | −$47.6M | −$178.6M |
| Income taxes | $26,000 | −$1,000 | $13,000 | $4,000 | $5,000 | −$53,000 | $2,000 |
| Net income | −$358.7M | −$72.8M | −$114.3M | −$23.4M | −$88.4M | −$47.5M | −$178.6M |
| EBITDA | −$357.9M | −$66.8M | −$109.1M | −$9.8M | −$72.9M | −$31.5M | −$158.0M |
| EPS (diluted) | −$31.61 | −$20.25 | −$29.06 | −$0.07 | $2.77 | −$11.79 | −$44.30 |
| Gross margin | 49.7% | 70.5% | 66.5% | 71.6% | 88.4% | 90.9% | 72.4% |
| Operating margin | −900.1% | −147.4% | −225.6% | −133.1% | −114.4% | −149.7% | −659.4% |
| Net margin | −1,185.8% | −128.7% | −244.6% | −61.4% | −282.4% | −201.7% | −849.1% |
| 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 | $7.6M | $8.6M | $4.8M | $10.6M | $9.9M | $5.0M | $14.9M | $14.4M | $16.4M | $10.9M | $13.5M | $10.1M |
| Cost of revenue | $6.5M | $4.4M | $2.6M | $3.3M | $3.3M | $1.4M | $4.7M | $3.8M | $4.4M | $3.8M | $5.6M | $3.4M |
| Gross profit | $1.1M | $4.2M | $2.2M | $7.2M | $6.6M | $3.6M | $10.2M | $10.7M | $12.0M | $7.0M | $7.9M | $6.7M |
| Research & development | $3.3M | $3.2M | $8.2M | $3.9M | $6.2M | $2.5M | $2.2M | $2.3M | $2.0M | $3.1M | $2.7M | $4.1M |
| Sales, general & admin | $28.0M | $31.0M | $30.2M | $188.8M | $19.8M | $28.1M | $35.4M | $29.7M | $24.6M | $29.3M | $23.5M | $40.4M |
| Total operating expenses | $30.5M | $36.3M | $42.3M | $193.7M | $27.1M | $31.5M | $38.6M | $36.9M | $27.6M | $26.5M | $26.2M | $45.5M |
| Operating income | −$29.4M | −$32.2M | −$37.5M | −$186.5M | −$20.5M | −$27.9M | −$28.4M | −$22.4M | −$15.6M | −$19.5M | −$18.3M | −$38.8M |
| Interest expense | $6.1M | $3.8M | $3.5M | $2.8M | $2.7M | $2.5M | $285,000 | $576,000 | $571,000 | $531,000 | $551,000 | $513,000 |
| Income before taxes | −$115.0M | −$45.6M | −$46.1M | −$257.8M | −$44.0M | −$26.1M | −$6.5M | −$4.4M | −$37.6M | −$24.4M | −$21.4M | −$35.5M |
| Income taxes | $7,000 | $5,999 | — | −$1,000 | $19,000 | −$1,000 | −$1,000 | — | — | −$1 | $8,000 | $64,000 |
| Net income | −$113.5M | −$43.3M | −$33.1M | −$257.2M | −$86.1M | −$26.1M | −$6.5M | −$4.4M | −$37.6M | −$24.4M | −$21.4M | −$35.5M |
| EBITDA | −$26.6M | −$39.0M | −$41.0M | −$254.0M | −$40.3M | −$22.6M | −$5.2M | — | −$36.0M | −$22.8M | −$19.8M | −$33.8M |
| EPS (diluted) | −$16.65 | −$1.17 | −$1.17 | −$21.29 | −$7.42 | −$1.73 | −$2.37 | −$1.36 | −$9.17 | −$7.35 | −$0.25 | −$22.05 |
| Gross margin | 14.7% | 48.4% | 45.5% | 68.5% | 66.9% | 72.3% | 68.5% | 73.9% | 73.2% | 64.7% | 58.7% | 66.5% |
| Operating margin | −385.0% | −373.5% | −782.0% | −1,766.2% | −207.2% | −557.5% | −190.5% | −155.3% | −95.4% | −179.0% | −136.2% | −383.6% |
| Net margin | −1,485.2% | −502.4% | −690.8% | −2,435.9% | −869.7% | −521.2% | −43.4% | −30.4% | −229.6% | −224.0% | −159.0% | −351.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SCLX's financial statements (latest annual report filed April 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SCLX financial results
In fiscal year 2025 (ended December 31, 2025), Scilex reported revenue of $30.3 million, down 46.5% from the year before. It had a net loss of $358.7 million, a net profit margin of −1,185.8%. Diluted earnings per share came to −$31.61. Over five years revenue grew at an average rate of 5.1% a year.
See the SCLX stock overview for the latest quote and news, or the SCLX chart for price history and technical indicators.
SCLX income statement FAQ
What is Scilex's annual revenue?
Scilex reported total revenue of $30.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 46.5% from $56.6 million the previous year.
Is Scilex profitable?
No. Scilex reported a net loss of $358.7 million in fiscal 2025, a net profit margin of −1,185.8%; its operating margin was −900.1%.
What is Scilex's gross margin?
Scilex's gross margin was 49.7% in fiscal 2025: for every $100 of revenue, Scilex kept $50 after the direct cost of its products and services.
How much does Scilex spend on research and development?
Scilex spent $20.7 million on research and development in fiscal 2025, 68.5% of revenue.
How fast is Scilex growing?
Revenue grew 5.1% a year on average over the last five fiscal years, from $23.6 million to $30.3 million.
What are Scilex's earnings per share?
Scilex earned $-31.61 per diluted share in fiscal 2025, compared with $-20.25 a year earlier.
When will Scilex report its next earnings?
Scilex is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Scilex's fiscal year end?
Scilex's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 10, 2026.