TREVENA INC
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View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | $567,000 | $3.1M | $31,000 | $0 |
| Operating income | −$35.3M | −$56.4M | −$51.9M | −$29.5M | −$26.6M | −$9.7M |
| Net income | −$40.3M | −$53.7M | −$51.6M | −$29.4M | −$24.9M | −$9.0M |
| Total assets | $40.6M | $48.7M | $80.1M | $127.7M | $47.0M | $66.8M |
| Total liabilities | $48.3M | $33.1M | $15.5M | $23.7M | $16.9M | $25.3M |
| Equity | −$7.7M | $15.6M | $64.6M | $104.1M | $30.1M | $41.5M |
| EPS (diluted) | $-3.16 | $-7.59 | $-7.90 | $-0.23 | — | — |
| Shares out. | 9.0M | 165.5M | 161.3M | 97.7M | 92.4M | 64.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- —
- Net margin
- —
- Return on equity
- 526.2%
- Return on assets
- −99.2%
- Return on capital (ROCE)
- −106.8%
- Liabilities / assets
- 118.9%
- Debt / equity
- —
- Book value / share
- $-0.85
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -48.75distress
- Accruals / assets
- −17.9%clean
- Piotroski F-Score
- 3/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 2 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Demitrack MarkOfficer — Acting CMO | Oct 8, 2024 | Tax withholding | 20 | $1.47 |
| Shin BarryOfficer — Acting COO and CFO | Oct 8, 2024 | Tax withholding | 17 | $1.47 |
| Bourdow Carrie L.Officer — Acting CEO | Oct 8, 2024 | Tax withholding | 54 | $1.47 |
| Yoder Robert TOfficer — SVP, Chief Business Officer | Sep 14, 2024 | Tax withholding | 487 | $5.95 |
| Shin BarryOfficer — SVP, CFO | Sep 14, 2024 | Tax withholding | 3 | $5.95 |
| Drake Patricia M.Officer — SVP, Chief Commercial Officer | Dec 14, 2023 | Grant | 50,000 | $0.61 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3,261 | 7.5 | 0.0% |
| Apr 30, 2026 | 3,261 | 9.3 | 0.0% |
| Apr 15, 2026 | 3,261 | 16.1 | 0.0% |
| Mar 31, 2026 | 3,261 | 6.3 | 0.0% |
| Mar 13, 2026 | 3,261 | 27.9 | 0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreementJan 14, 2026
- Entered a material agreement · Terminated a material agreement · Unregistered equity saleMay 15, 2025
- Director / officer changeFeb 3, 2025
- Other material eventJan 15, 2025
- Director / officer changeNov 27, 2024
- Results of operations · Director / officer changeNov 7, 2024
- Director / officer changeOct 10, 2024
- Delisting / listing-standard notice · Regulation FD disclosureOct 4, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KFORM 8-KJan 14, 2026
- 8-KFORM 8-KMay 15, 2025
- 25-NSEApr 8, 2025
- NT 10-KMar 31, 2025
- 8-KFORM 8-KFeb 3, 2025
- 8-KFORM 8-KJan 15, 2025
- 3INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESDec 6, 2024
- RWNov 29, 2024
- 8-KFORM 8-KNov 27, 2024
- SC 13G/ANov 14, 2024
- 10-QNov 7, 2024
- 8-KFORM 8-KNov 7, 2024
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESOct 10, 2024
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESOct 10, 2024
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESOct 10, 2024
Event-driven situations (2)
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