PALATIN TECHNOLOGIES INC
PTNTOther · Non-accelerated filer<br>Smaller reporting company · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $4.5M | $4.9M | $1.5M | −$188,597 | $117,989 |
| Operating income | −$17.5M | −$22.5M | −$32.5M | −$36.6M | −$33.4M | −$23.6M |
| Net income | −$17.3M | −$29.7M | −$24.0M | −$36.2M | −$33.6M | −$22.4M |
| Total assets | $3.3M | $10.7M | $17.9M | $36.1M | $67.3M | $85.1M |
| Total liabilities | $8.0M | $10.9M | $19.7M | $19.8M | $17.6M | $4.9M |
| Equity | −$4.8M | −$111,497 | −$2.0M | $16.3M | $49.7M | $80.2M |
| EPS (diluted) | $-32.15 | $-101.16 | $-2.21 | — | — | $-0.02 |
| Shares out. | 973,291 | 19.5M | 11.9M | 9.3M | 231.3M | 229.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 362.3%
- Return on assets
- −529.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 246.2%
- Debt / equity
- —
- Book value / share
- $-4.91
- Revenue growth (YoY)
- −100.0%
- 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 · FY2025- Altman Z″ (distress)
- -504.86distress
- Accruals / assets
- 122.4%high accruals
- Piotroski F-Score
- 1/8weak
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
● 2 severe● 4 warning● 1 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Strong return on equity (>15%)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Wills Stephen TOfficer — Executive VP and CFO/COO | Dec 30, 2025 | Tax withholding | 26 | $21.38 |
| Spana CarlOfficer — President and CEO | Dec 30, 2025 | Tax withholding | 40 | $21.38 |
| Wills Stephen TOfficer — Executive VP and CFO/COO | Dec 24, 2025 | Sell | 565 | $16.74 |
| Wills Stephen TOfficer — Executive VP and CFO/COO | Dec 9, 2025 | Grant | 95 | $0.00 |
| Spana CarlOfficer — President and CEO | Dec 9, 2025 | Grant | 110 | $0.00 |
| Prendergast John K ADirector | Dec 9, 2025 | Grant | 1,300 | $0.00 |
| Dunton Alan WDirector | Dec 9, 2025 | Grant | 1,000 | $0.00 |
| Wills Stephen TOfficer — Executive VP and CFO/COO | Nov 14, 2025 | Tax withholding | 33 | $8.00 |
| Spana CarlOfficer — President and CEO | Nov 14, 2025 | Tax withholding | 51 | $8.00 |
| Wills Stephen TOfficer — Executive VP and CFO/COO | Jun 13, 2025 | Buy | 1,500 | $150000.00 |
| Spana CarlOfficer — President and CEO | Jun 13, 2025 | Buy | 1,500 | $150000.00 |
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 | 14 | 1.0 | +100.0% |
| Oct 31, 2025 | 22,950 | 3.3 | -3.6% |
| Oct 15, 2025 | 23,801 | 4.5 | +2.4% |
| Sep 30, 2025 | 23,246 | 3.0 | -39.4% |
| Sep 15, 2025 | 38,338 | 8.3 | -17.1% |
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- Delisting / listing-standard notice · Regulation FD disclosureMay 18, 2026
- Other material eventNov 12, 2025
- Entered a material agreement · Other material eventNov 6, 2025
- Other material eventSep 22, 2025
- Other material eventSep 10, 2025
- Entered a material agreement · Regulation FD disclosureAug 18, 2025
- Modified shareholder rights · Amended charter or bylaws · Regulation FD disclosureAug 8, 2025
- Shareholder voteJul 29, 2025
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 ↗- CERTMay 28, 2026
- 8-A12BMay 28, 2026
- 25May 28, 2026
- 8-KMay 18, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13GMay 15, 2026
- 10-QMay 13, 2026
- SCHEDULE 13GApr 23, 2026
- 10-QFeb 17, 2026
- SCHEDULE 13GFeb 17, 2026
- 4Jan 2, 2026
- 4Jan 2, 2026
- 4Dec 29, 2025
- 144Dec 29, 2025
Event-driven situations (1)
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