Revenue
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $4.5M | $4.9M | $1.5M | −$188,597 | $117,989 | $60.3M | $67.1M | $67.1M | $0 | $13.0M | $0 | $10,361 | $73,736 | $1.5M | $14.2M |
| Gross profit | $0 | $4.4M | $4.4M | $1.3M | −$336,437 | $117,989 | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | 97.83% | 91.38% | 85.19% | — | 100.00% | — | — | — | — | — | — | — | — | — | — |
| Research & development | $14.9M | $22.4M | $22.6M | $21.3M | $12.9M | $14.0M | $14.9M | $32.6M | $32.6M | $43.1M | $24.6M | $10.8M | $10.5M | $13.8M | $10.4M | $12.3M |
| Operating expenses | $17.5M | $27.0M | $37.3M | $38.1M | $33.2M | $23.6M | $24.6M | $41.2M | $41.2M | $49.3M | $30.2M | $15.8M | $15.6M | $18.9M | $15.1M | $17.2M |
| Operating income | −$17.5M | −$22.5M | −$32.5M | −$36.6M | −$33.4M | −$23.6M | $35.7M | $25.9M | $25.9M | −$49.3M | −$17.3M | −$15.8M | −$15.6M | −$18.8M | −$13.7M | −$3.0M |
| Operating margin | — | −501.02% | −668.75% | −2,491.63% | — | −20,007.61% | 59.28% | 38.62% | 38.62% | — | −133.47% | — | −150,421.39% | −25,476.54% | −925.37% | −21.26% |
| EBITDA | −$17.2M | −$22.2M | −$32.2M | −$36.5M | −$33.3M | −$23.5M | $35.8M | $26.0M | $26.0M | −$49.2M | −$17.2M | −$15.7M | −$15.5M | −$17.8M | −$12.5M | −$1.7M |
| EBITDA margin | — | −493.47% | −662.81% | −2,483.00% | — | −19,953.20% | 59.37% | 38.70% | 38.67% | — | −132.56% | — | −149,341.92% | −24,188.78% | −848.23% | −12.31% |
| Net income | −$17.3M | −$29.7M | −$24.0M | −$36.2M | −$33.6M | −$22.4M | $35.8M | $24.7M | $24.7M | −$51.7M | −$17.7M | −$13.9M | −$20.9M | −$17.3M | −$12.8M | −$1.8M |
| Net profit margin | — | −662.26% | −495.23% | −2,465.06% | — | −19,006.88% | 59.32% | 36.80% | 36.80% | — | −136.40% | — | −201,352.90% | −23,398.58% | −868.61% | −12.64% |
| Basic EPSper basic share | -$32.15 | -$101.00 | -$110.50 | -$189.50 | -$175.00 | -$125.00 | $212.50 | $150.00 | $150.00 | -$412.50 | -$187.50 | -$162.50 | -$262.50 | -$612.50 | -$800.00 | -$225.00 |
| Diluted EPSper diluted share | -$32.15 | -$101.16 | -$110.50 | -$189.50 | -$175.00 | -$125.00 | $200.00 | $150.00 | $150.00 | -$412.50 | — | — | — | — | — | — |
Reported shareholders
| Holder | % owned |
|---|---|
Driehaus Capital Management LLC | 9.37%166.71K shares |
Jupiter Topco LLC | 7.87%140K shares |
DEVEER ROBERT K JR | ≈7.76%138.07K shares |
Logos Global Management LP | 7.31%130K shares |
SPANA CARL | ≈3.62%64.38K shares |
WILLS STEPHEN T | ≈3.56%63.28K shares |
RA CAPITAL MANAGEMENT, L.P. | 3.49%62.12K shares |
Hull Joseph Stanley | ≈2.38%42.27K shares |
Morris Arlene | ≈2.34%41.58K shares |
Balyasny Asset Management L.P. | 2.31%41.11K shares |
Manning Anthony M. | ≈2.03%36.08K shares |
MORGAN STANLEY | 1.53%27.27K shares |
Opaleye Management Inc. | 1.15%20.5K shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.09%19.38K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 1.06%18.91K shares |
PRENDERGAST JOHN K A | ≈0.85%15.1K shares |
Miller Financial Services LLC | 0.84%15K shares |
DUNTON ALAN W | ≈0.79%14.08K shares |
LPL Financial LLC | 0.71%12.55K shares |
Woodline Partners LP | 0.63%11.24K shares |
Percentages use 1.78M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Dec 24, 2025Form 4 · 10b5-1 | WILLS STEPHEN TExecutive VP and CFO/COO | SellCommon Stock | 565 | $16.74 | $9.5K | 63.5K |
| Jun 13, 2025Form 4 | WILLS STEPHEN TExecutive VP and CFO/COO | BuySeries D Preferred Stock | 1.5K | $150.0K | $225.00M | 1.64M |
| Jun 13, 2025Form 4 | WILLS STEPHEN TExecutive VP and CFO/COO | BuySeries I warrants · derivative | 2.73M | $0.00 | $0.00 | 3.02M |
| Jun 13, 2025Form 4 | SPANA CARLPresident and CEO | BuySeries D Preferred Stock | 1.5K | $150.0K | $225.00M | 1.67M |
| Jun 13, 2025Form 4 | SPANA CARLPresident and CEO | BuySeries I warrants · derivative | 2.73M | $0.00 | $0.00 | 3.06M |
Palatin Technologies ($PTN) reported fiscal 2026 collaboration and license revenue of $13.2 million, against none a year earlier, and reduced its net loss to $8.4 million from $17.3 million. Approximately $9.4 million of revenue related to ...