NEXGEL, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $11.4M | $8.7M | $4.1M | $2.0M | $1.6M |
| Gross profit | $4.5M | $2.7M | $374,000 | $256,000 | $8,000 |
| Operating income | -$3.4M | -$3.6M | -$3.5M | -$3.3M | -$2.6M |
| Operating expenses | $7.9M | $6.3M | $3.9M | $3.6M | $2.6M |
| Cost of revenue | $6.9M | $5.9M | $3.7M | $1.8M | $1.5M |
| Cash from operations | -$1.3M | -$3.9M | -$3.2M | -$3.0M | -$2.8M |
| Capital expenditure | $68,000 | $443,000 | $696,000 | $96,000 | $269,000 |
| Free cash flow | -$1.4M | -$4.3M | -$3.9M | -$3.1M | -$3.0M |
| Impairments | — | — | — | $0 | $0 |
| Total assets | $10.5M | $11.0M | $10.0M | $10.4M | $17.0M |
| Total liabilities | $5.6M | $4.9M | $4.8M | $2.7M | $4.9M |
Shares outstanding 9.1M · Free float 58.5%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.