Surrozen, Inc. (SRZN) Income Statement
SRZN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSRZN revenue and net income
Where SRZN's revenue goes
2025Each bar shows an amount and its share of revenue. SRZN kept −6,960.8% of revenue as net income.
SRZN profit margins
SRZN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −67.4% | −34.7% | — | — |
| Gross profit | −72.4% | −38.3% | — | — |
| 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.
SRZN quarterly EPS vs estimates
Surrozen beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 6, 2026 (estimate $-1.32).
SRZN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.5M | $10.7M | $12.5M | $12.5M | $0 | $0 | $0 |
| Cost of revenue | $537,000 | $1.4M | $27.2M | $3.3M | $3.3M | $2.9M | — |
| Gross profit | $2.9M | $10.7M | −$27.2M | $12.5M | −$3.3M | −$2.9M | — |
| Research & development | $29.4M | $21.1M | $27.2M | $37.0M | $40.2M | $25.7M | $19.6M |
| Sales, general & admin | $16.2M | $15.1M | $15.8M | $19.8M | $14.2M | $7.1M | $5.5M |
| Total operating expenses | $45.0M | $36.2M | $18.6M | $56.8M | $54.4M | $29.9M | $24.8M |
| Operating income | −$42.1M | −$25.5M | −$45.8M | −$44.3M | −$54.4M | −$32.8M | −$25.1M |
| Interest income | $3.0M | $1.7M | $2.3M | $781,000 | $72,000 | $91,000 | — |
| Interest expense | — | — | — | $2.0M | $2.1M | $91,000 | $0 |
| Income before taxes | −$242.0M | −$63.6M | −$43.0M | −$36.0M | −$54.6M | −$32.7M | −$24.4M |
| Income taxes | — | −$63.6M | $2.8M | −$8.3M | −$2.1M | −$91,000 | — |
| Net income | −$242.0M | −$63.6M | −$43.0M | −$27.7M | −$52.5M | −$32.6M | −$24.4M |
| EBITDA | −$241.5M | −$62.1M | −$41.1M | −$42.4M | −$52.3M | −$31.4M | −$22.8M |
| EPS (diluted) | −$6.44 | −$21.76 | −$21.36 | −$15.18 | −$8.94 | −$41.01 | — |
| Gross margin | 84.6% | 100.0% | −217.8% | 100.0% | — | — | — |
| Operating margin | −1,210.6% | −239.7% | −366.2% | −354.7% | — | — | — |
| Net margin | −6,960.8% | −596.6% | −344.3% | −221.4% | — | — | — |
| 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 | $5.0M | $5.0M | $528,000 | $983,000 | $983,000 | $983,000 | $655,000 | $10.0M | $0 | $4.1M | $0 | $0 |
| Cost of revenue | $0 | $65,000 | $45,000 | $0 | $137,000 | $0 | $322,000 | $342,000 | $386,000 | $392,000 | — | $483,000 |
| Gross profit | $5.0M | $4.9M | $528,000 | $983,000 | $983,000 | $983,000 | $655,000 | $10.0M | −$386,000 | −$392,000 | — | −$6.1M |
| Research & development | $8.5M | $9.3M | $9.0M | $7.8M | $6.0M | $6.6M | $5.3M | $5.2M | $4.9M | $5.2M | $6.1M | $6.1M |
| Sales, general & admin | $6.9M | $6.1M | $4.2M | $4.1M | $4.0M | $4.0M | $3.9M | $3.6M | $3.7M | $3.9M | $3.6M | $3.6M |
| Total operating expenses | $15.4M | $15.4M | $13.2M | $11.9M | $10.0M | $10.5M | $9.2M | $8.8M | $8.7M | $9.1M | $9.7M | $11.2M |
| Operating income | −$10.4M | −$10.5M | −$12.6M | −$10.9M | −$9.0M | −$9.6M | −$8.6M | $1.2M | −$9.0M | −$9.1M | −$9.7M | −$11.2M |
| Interest income | $938,000 | $912,000 | $788,000 | $911,000 | $1.0M | $296,000 | $387,000 | $431,000 | $490,000 | $385,000 | $509,000 | $661,000 |
| Interest expense | — | — | — | — | — | — | $1.7M | — | — | $295,000 | — | — |
| Income before taxes | $50.2M | −$127.5M | −$183.2M | −$71.6M | $39.7M | −$27.0M | −$28.0M | −$1.4M | −$25.3M | −$8.8M | −$8.9M | −$10.4M |
| Income taxes | — | — | — | — | — | — | −$348,724 | — | — | $348,724 | — | $844,000 |
| Net income | $50.2M | −$127.5M | −$183.2M | −$71.6M | $39.7M | −$27.0M | −$28.0M | −$1.4M | −$25.3M | −$8.8M | −$8.9M | −$10.4M |
| EBITDA | $50.2M | −$127.4M | −$183.1M | −$71.6M | $39.9M | −$26.7M | −$27.7M | −$1.1M | −$24.9M | −$8.4M | — | −$9.2M |
| EPS (diluted) | −$0.41 | −$4.63 | −$9.62 | −$3.60 | −$1.14 | $7.92 | −$9.09 | −$0.44 | −$7.99 | −$4.24 | −$4.41 | −$5.10 |
| Gross margin | 100.0% | 98.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — | −9.5% | — | — |
| Operating margin | −207.4% | −209.1% | −2,393.8% | −1,107.3% | −917.3% | −971.6% | −1,311.8% | 12.3% | — | −220.2% | — | — |
| Net margin | 1,003.5% | −2,550.1% | −34,689.2% | −7,288.2% | 4,043.3% | −2,743.6% | −4,280.8% | −14.3% | — | −213.0% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SRZN's financial statements (latest annual report filed March 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SRZN financial results
In fiscal year 2025 (ended December 31, 2025), Surrozen reported revenue of $3.5 million, down 67.4% from the year before. It had a net loss of $242.0 million, a net profit margin of −6,960.8%. Diluted earnings per share came to −$6.44.
See the SRZN stock overview for the latest quote and news, or the SRZN chart for price history and technical indicators.
SRZN income statement FAQ
What is Surrozen's annual revenue?
Surrozen reported total revenue of $3.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 67.4% from $10.7 million the previous year.
Is Surrozen profitable?
No. Surrozen reported a net loss of $242.0 million in fiscal 2025, a net profit margin of −6,960.8%; its operating margin was −1,210.6%.
What is Surrozen's gross margin?
Surrozen's gross margin was 84.6% in fiscal 2025: for every $100 of revenue, Surrozen kept $85 after the direct cost of its products and services.
How much does Surrozen spend on research and development?
Surrozen spent $29.4 million on research and development in fiscal 2025, 844.5% of revenue.
What are Surrozen's earnings per share?
Surrozen earned $-6.44 per diluted share in fiscal 2025, compared with $-21.76 a year earlier.
When will Surrozen report its next earnings?
Surrozen is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Surrozen's fiscal year end?
Surrozen's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 23, 2026.