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TALPHERA, INC.

Data quality: 83%
TLPH
NASDAQ Manufacturing Chemicals
$0.83
▼ $0.02 (-1.89%)
6 months return
Momentum
Neutral
ROE
-110.76%

Growth

Revenue Growth (5Y)
N/A
Revenue (1Y)N/A
Earnings (1Y)N/A
FCF Growth (3Y)N/A

Quality

Return on Equity
-110.76%
Below sector avg (-54.47%)
ROIC-51.44%
Net MarginN/A
Op. MarginN/A

Safety

Debt / Equity
N/A
Current Ratio6.83
Interest CoverageN/A

Valuation

PE (TTM|NTM)
-2.88 | -2.72
Below sector avg (-1.49)
P/B Ratio2.15
EV/EBITDAN/A
Dividend YieldN/A

Quick Summary

Key Takeaways

Short bullets derived from reported financials—not the AI summary above.

Negative free cash flow of -11.36 M

Price History

Financial Trends

Analyst Price Target

2 analysts
Strong Buy
+291.1%
upside to target
Current
$0.83
Consensus Target
$3.25
$3.00
Low
$3.50
High
Forecast
Forward P/E
-2.72
Forward EPS
-$0.28
Est. Revenue
2.79 M

Earnings Surprises

EPS
Reported Estimate Forecast
Next: Q1 2026 · EPS Est: -$0.08 · Rev Est: 0.0
Q12025 Q22025 Q32025 Q42025 Q1 '26 Q2 '26
Reported -$0.11 -$0.10 -$0.13 -$0.06
Estimate -$0.14 -$0.12 -$0.13 -$0.08 -$0.08 -$0.08
Surprise +26.32% +9.13% -6.72% +20.00%

Growth

Rev 5Y: N/A · Earnings 1Y: N/A
Revenue Growth (1Y) N/A Revenue Growth (3Y) N/A
Earnings Growth (1Y) N/A Earnings Growth (3Y) N/A
Revenue Growth (5Y) N/A Earnings Growth (5Y) N/A

Profitability

ROE: -110.76% · Net Margin: N/A
Revenue (TTM) N/A Net Income (TTM) -14.29 M
ROE -110.76% ROA -60.48%
Gross Margin N/A Operating Margin N/A
Net Margin N/A Free Cash Flow (TTM) -11.36 M
ROIC -51.44% FCF Growth (3Y) N/A

Safety

D/E: N/A · Current: 6.83
Debt / Equity N/A Current Ratio 6.83
Interest Coverage N/A Asset Turnover N/A
Working Capital 18.71 M Tangible Book Value 10.36 M

Dividends

Yield: N/A · Payout: N/A
Dividend Yield N/A Payout Ratio N/A
Dividend Growth (3Y) N/A Dividend Growth (5Y) N/A
Consecutive Div Years N/A

Valuation

P/E: -2.88 · EV/EBITDA: N/A
P/E Ratio -2.88 Forward P/E -2.72
P/B Ratio 2.15 P/S Ratio N/A
PEG Ratio N/A Forward PEG N/A
EV/EBITDA N/A Fwd EV/EBITDA N/A
Forward P/S 14.74 Fwd Earnings Yield N/A
FCF Yield -27.61%
Market Cap 41.17 M Enterprise Value 37.71 M

Per Share

EPS: N/A · FCF/Share: -0.23
EPS (Diluted TTM) N/A Revenue / Share N/A
FCF / Share -0.23 OCF / Share -0.23
EPS CAGR (1Y) N/A EPS CAGR (5Y) N/A
EPS CAGR (10Y) N/A

Efficiency

FCF Conv: 79.52% · CapEx/Rev: N/A
CapEx / Revenue N/A FCF Conversion 79.52%
SBC-Adj. FCF -12.18 M Growth Momentum N/A

Income Statement

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue
Net Income -14.29 M -13.00 M -18.40 M 47.76 M -35.10 M
EPS (Diluted) -1.29 5.72
Gross Profit
Operating Income -13.48 M -15.25 M -16.89 M -36.63 M -35.97 M
EBITDA
R&D Expenses 6.03 M 6.72 M 5.55 M 5.19 M 4.10 M
SG&A Expenses 7.48 M 8.53 M 11.99 M 25.67 M 30.94 M
D&A 0.0 311,000.0 1.65 M 1.97 M
Interest Expense 0.0 134,000.0 1.15 M 2.29 M
Income Tax 0.0 0.0 0.0 13,000.0 5,000.0

Balance Sheet

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 29.72 M 18.24 M 20.40 M 47.49 M 77.89 M
Total Liabilities 12.68 M 10.24 M 6.29 M 25.67 M 113.79 M
Shareholders' Equity 17.04 M 8.00 M 14.11 M 21.81 M -35.89 M
Total Debt 5.76 M 13.80 M
Cash & Equivalents 5.89 M 8.86 M 5.72 M 15.28 M 12.66 M
Current Assets 20.90 M 9.42 M 11.56 M 24.57 M 55.49 M
Current Liabilities 3.81 M 2.65 M 4.51 M 13.77 M 18.51 M

Peer Comparison

vs Manufacturing sector median (1605 peers)
Metric Stock Sector Median
P/E -2.9 -1.5
P/B 2.2 1.6
ROE % -110.8 -54.5
Net Margin % -41.5
Rev Growth 5Y % 1.8
D/E 0.3