Sol-Gel Technologies Ltd. (SLGL) Income Statement
SLGL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSLGL revenue and net income
Where SLGL's revenue goes
2025Each bar shows an amount and its share of revenue. SLGL kept −31.6% of revenue as net income.
SLGL profit margins
SLGL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +68.0% | +70.9% | +17.2% | — |
| Gross profit | +68.0% | — | +17.2% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +113.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SLGL quarterly EPS vs estimates
Sol-Gel Technologies beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 19, 2026 (estimate $-1.54).
SLGL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.4M | $11.5M | $1.6M | $3.9M | $31.3M | $8.8M | $22.9M | $129,000 | $174,000 | $0 |
| Cost of revenue | $109,000 | $233,000 | $342,000 | $12.7M | $20.4M | $27.9M | $40.6M | $28.1M | $300,000 | $359,000 |
| Gross profit | $19.4M | $11.5M | $1.6M | −$8.8M | $10.9M | $8.8M | −$17.7M | −$28.0M | −$126,000 | −$359,000 |
| Research & development | $22.8M | $17.8M | $23.5M | $12.7M | $20.4M | $27.9M | $40.6M | $28.1M | $25.8M | $17.0M |
| Sales, general & admin | $4.2M | $5.7M | $7.7M | $7.4M | $8.5M | $11.1M | $8.3M | $5.5M | $6.0M | $3.7M |
| Total operating expenses | $26.9M | $23.6M | $30.9M | $7.4M | $7.9M | $39.0M | $48.9M | $33.6M | $31.8M | $20.8M |
| Operating income | −$7.5M | −$12.0M | −$29.3M | −$16.2M | $3.0M | −$30.2M | $25.9M | −$33.5M | −$31.6M | −$20.8M |
| Interest income | $1.4M | $1.4M | $1.9M | $1.3M | $257,000 | $943,000 | $1.4M | $1.3M | $65,000 | — |
| Interest expense | — | — | — | $1.3M | $880,000 | $0 | $1.4M | $0 | $0 | $0 |
| Income before taxes | −$6.1M | −$10.6M | −$27.2M | −$14.9M | $3.2M | −$29.3M | −$24.6M | −$32.2M | −$31.6M | −$20.8M |
| Income taxes | — | — | −$1 | −$1.3M | −$1.1M | −$1.9M | $33,000 | −$1.3M | −$65,000 | $15,000 |
| Net income | −$6.1M | −$10.6M | −$27.2M | −$14.9M | $3.2M | −$27.4M | −$24.6M | −$32.2M | −$31.6M | −$20.8M |
| EBITDA | −$7.4M | −$11.8M | −$29.0M | −$15.7M | $3.8M | −$29.3M | −$25.1M | −$32.8M | −$31.2M | −$20.4M |
| EPS (diluted) | $0.77 | $0.36 | −$10.10 | −$4.25 | −$4.19 | −$10.38 | −$6.93 | −$17.90 | −$9.32 | −$1.15 |
| Gross margin | 100.0% | 100.0% | 100.0% | −226.6% | 34.8% | 100.0% | −77.2% | −21,718.6% | −72.4% | — |
| Operating margin | −38.9% | −104.1% | −1,885.8% | −418.3% | 9.5% | −344.7% | 113.3% | −25,985.3% | −18,179.9% | — |
| Net margin | −31.6% | −91.7% | −1,752.8% | −384.3% | 10.3% | −312.4% | −107.4% | −24,963.6% | −18,142.5% | — |
| 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 | $591,000 | $108,000 | $696,000 | $400,000 | $17.3M | $1.0M | $278,000 | $5.4M | $5.4M | $466,000 | $447,000 | $213,000 |
| Cost of revenue | $0 | $0 | $0 | $0 | $0 | $278,000 | — | −$7.8M | $2.4M | $5.3M | $4.2M | $4.7M |
| Gross profit | $591,000 | $108,000 | $696,000 | $400,000 | $17.3M | $1.0M | — | $5.4M | $5.4M | $466,000 | −$3.7M | $213,000 |
| Research & development | $3.7M | $2.8M | $3.6M | $5.7M | $4.6M | $8.8M | $5.2M | $4.8M | $2.4M | $5.3M | $4.2M | $4.7M |
| Sales, general & admin | $1.0M | $1.2M | $577,000 | $957,000 | $1.4M | $1.3M | $1.2M | $1.4M | $1.4M | $1.8M | $1.7M | $1.9M |
| Total operating expenses | $4.8M | $4.0M | $4.1M | $6.7M | $6.0M | $10.1M | $6.4M | $6.2M | $3.8M | −$6.2M | $1.7M | $6.5M |
| Operating income | −$4.2M | −$3.9M | −$3.4M | −$6.3M | $11.2M | −$9.1M | −$6.1M | −$828,000 | $1.6M | $6.7M | −$5.4M | −$6.3M |
| Interest income | $481,000 | $128,000 | $424,000 | $346,000 | $380,000 | $261,000 | $253,000 | $462,000 | $352,000 | $368,000 | $571,000 | $596,000 |
| Income before taxes | −$3.7M | −$3.7M | −$3.0M | −$5.9M | $11.6M | −$8.8M | −$5.8M | −$366,000 | $2.0M | −$6.3M | −$4.8M | −$5.7M |
| Income taxes | — | — | — | — | — | — | — | — | −$62,500 | −$85,501 | −$1 | −$140,500 |
| Net income | −$3.7M | −$3.7M | −$3.0M | −$5.9M | $11.6M | −$8.8M | −$5.8M | −$366,000 | $2.0M | −$6.3M | −$4.8M | −$5.7M |
| EBITDA | −$4.2M | −$3.9M | −$3.4M | −$5.9M | $11.2M | −$9.1M | — | −$490,000 | $1.6M | $6.7M | −$5.3M | −$6.3M |
| EPS (diluted) | −$1.13 | −$1.31 | −$1.06 | −$2.13 | $4.17 | −$0.21 | −$0.01 | −$0.10 | $0.70 | −$0.23 | −$1.70 | −$2.10 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — | 100.0% | 100.0% | 100.0% | −833.1% | 100.0% |
| Operating margin | −704.2% | −3,569.4% | −490.1% | −1,572.0% | 65.1% | −879.6% | −2,193.9% | −15.4% | 29.9% | 1,440.3% | −1,209.6% | −2,961.0% |
| Net margin | −622.8% | −3,450.9% | −429.2% | −1,485.5% | 67.3% | −854.3% | −2,102.9% | −6.8% | 36.4% | −1,361.4% | −1,081.9% | −2,681.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SLGL's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SLGL financial results
In fiscal year 2025 (ended December 31, 2025), Sol-Gel Technologies reported revenue of $19.4 million, up 68.0% from the year before. It had a net loss of $6.1 million, a net profit margin of −31.6%. Diluted earnings per share came to $0.77. Over five years revenue grew at an average rate of 17.2% a year.
See the SLGL stock overview for the latest quote and news, or the SLGL chart for price history and technical indicators.
SLGL income statement FAQ
What is Sol-Gel Technologies's annual revenue?
Sol-Gel Technologies reported total revenue of $19.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 68.0% from $11.5 million the previous year.
Is Sol-Gel Technologies profitable?
No. Sol-Gel Technologies reported a net loss of $6.1 million in fiscal 2025, a net profit margin of −31.6%; its operating margin was −38.9%.
What is Sol-Gel Technologies's gross margin?
Sol-Gel Technologies's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Sol-Gel Technologies kept $100 after the direct cost of its products and services.
How much does Sol-Gel Technologies spend on research and development?
Sol-Gel Technologies spent $22.8 million on research and development in fiscal 2025, 117.6% of revenue.
How fast is Sol-Gel Technologies growing?
Revenue grew 17.2% a year on average over the last five fiscal years, from $8.8 million to $19.4 million.
What are Sol-Gel Technologies's earnings per share?
Sol-Gel Technologies earned $0.77 per diluted share in fiscal 2025, compared with $0.36 a year earlier.
When will Sol-Gel Technologies report its next earnings?
Sol-Gel Technologies is expected to report results for the quarter ending September 30, 2026 on November 19, 2026 before the market opens.
When does Sol-Gel Technologies's fiscal year end?
Sol-Gel Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.