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Tenax Therapeutics, Inc.. (TENX) Fundamental Analysis & AI Grade 2026

TENX Nasdaq Pharmaceutical Preparations DE CIK: 0000034956
Updated This Month • Analysis: May 15, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
35% Confidence
N/A
B
35% Conf
Pending
Analysis scheduled

📊 TENX Key Takeaways

Revenue: $0.0
Net Margin: N/A
Free Cash Flow: $-9.3M
Current Ratio: 14.52x
Debt/Equity: 0.00x
EPS: $-0.35
AI Grade: B with 35% confidence
Tenax Therapeutics, Inc.. (TENX) receives a B fundamental grade with 35% confidence from our AI analysis based on SEC 10-K filings. With revenue of $0, and return on equity (ROE) of -13.7%, Tenax Therapeutics, Inc.. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete TENX stock analysis for 2026.

Is Tenax Therapeutics, Inc.. (TENX) a Good Investment?

Claude

Tenax is a pre-revenue pharmaceutical company with exceptional financial health ($118.8M cash, $114.7M equity, zero debt) providing 12+ years of operational runway. However, the absence of any revenue, significant operating losses (-$16.6M), negative free cash flow (-$9.3M), and deteriorating EPS (-16.5% YoY) indicate a development-stage company purely dependent on undisclosed pipeline success. Pure fundamental metrics show value destruction without demonstrated clinical or commercial progress.

Tenax Therapeutics, Inc.. Key Strengths (TENX)

Claude
  • + Fortress balance sheet with $118.8M cash and zero debt eliminates near-term financial distress risk
  • + Exceptionally strong liquidity (14.52x current ratio) and extended operational runway (~12.8 years) provides flexibility for R&D execution
  • + Lean capital structure focused on R&D with minimal capex ($2.8K) appropriate for development-stage biotech

TENX Stock Risks: Tenax Therapeutics, Inc.. Investment Risks

Claude
  • ! Zero revenue generation with significant operating losses (-$16.6M) and no demonstrated path to commercialization
  • ! Negative free cash flow (-$9.3M annually) with deteriorating EPS (-16.5% YoY) indicates mounting losses eroding shareholder value
  • ! Pharmaceutical development risk is inherent; clinical trial success probability is unknown from financial fundamentals alone; extended cash burn could exhaust runway if pipeline fails

Key Metrics to Watch

Claude
  • * Operating cash burn rate and year-over-year burn trajectory acceleration or deceleration
  • * Revenue recognition milestone - first indicator of successful commercialization
  • * R&D spending efficiency and clinical milestone progression announcements

Tenax Therapeutics, Inc.. (TENX) Financial Metrics & Key Ratios

Revenue
$0.0
Net Income
$-15.7M
EPS (Diluted)
$-0.35
Free Cash Flow
$-9.3M
Total Assets
$123.2M
Cash Position
$118.8M

💡 AI Analyst Insight

Strong liquidity with a 14.52x current ratio provides a solid financial cushion.

TENX Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE -13.7%
ROA -12.8%
FCF Margin N/A

TENX vs Healthcare Sector: How Tenax Therapeutics, Inc.. Compares

How Tenax Therapeutics, Inc.. compares to Healthcare sector averages

Net Margin
TENX 0.0%
vs
Sector Avg 12.0%
TENX Sector
ROE
TENX -13.7%
vs
Sector Avg 15.0%
TENX Sector
Current Ratio
TENX 14.5x
vs
Sector Avg 2.0x
TENX Sector
Debt/Equity
TENX 0.0x
vs
Sector Avg 0.6x
TENX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Tenax Therapeutics, Inc.. Stock Overvalued? TENX Valuation Analysis 2026

Based on fundamental analysis, Tenax Therapeutics, Inc.. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-13.7%
Sector avg: 15%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Tenax Therapeutics, Inc.. Balance Sheet: TENX Debt, Cash & Liquidity

Current Ratio
14.52x
Quick Ratio
14.52x
Debt/Equity
0.00x
Debt/Assets
6.9%
Interest Coverage
N/A
Long-term Debt
N/A

TENX Revenue & Earnings Growth: 5-Year Financial Trend

TENX 5-year financial data: Year 2024: Revenue $0, Net Income -$7.7M, EPS $-31.04. Year 2025: Revenue $0, Net Income -$17.6M, EPS $-1.15.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tenax Therapeutics, Inc..'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-1.15 indicates the company is currently unprofitable.

TENX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
N/A
Free cash flow / Revenue

TENX Quarterly Earnings & Performance

Quarterly financial performance data for Tenax Therapeutics, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 N/A -$10.4M $-0.28
Q3 2025 N/A -$3.6M $-0.19
Q2 2025 N/A -$3.6M $-0.27
Q1 2025 N/A -$3.8M $-0.28

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Tenax Therapeutics, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$9.3M
Cash generated from operations
Capital Expenditures
$2.8K
Investment in assets
Dividends
None
No dividend program

TENX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Tenax Therapeutics, Inc.. (CIK: 0000034956)

📋 Recent SEC Filings

Date Form Document Action
Jun 4, 2026 8-K d69762d8k.htm View →
May 13, 2026 4 xslF345X06/ownership.xml View →
May 12, 2026 10-Q tennx-20260331.htm View →
May 12, 2026 8-K d91737d8k.htm View →
Apr 22, 2026 DEF 14A tennx-20260417.htm View →

Frequently Asked Questions about TENX

What is the AI rating for TENX?

Tenax Therapeutics, Inc.. (TENX) has an AI grade of B with 35% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TENX's key strengths?

Claude: Fortress balance sheet with $118.8M cash and zero debt eliminates near-term financial distress risk. Exceptionally strong liquidity (14.52x current ratio) and extended operational runway (~12.8 years) provides flexibility for R&D execution.

What are the risks of investing in TENX?

Claude: Zero revenue generation with significant operating losses (-$16.6M) and no demonstrated path to commercialization. Negative free cash flow (-$9.3M annually) with deteriorating EPS (-16.5% YoY) indicates mounting losses eroding shareholder value.

What is TENX's revenue and growth?

Tenax Therapeutics, Inc.. reported revenue of $0.0.

Does TENX pay dividends?

Tenax Therapeutics, Inc.. does not currently pay dividends.

Where can I find TENX SEC filings?

Official SEC filings for Tenax Therapeutics, Inc.. (CIK: 0000034956) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TENX's EPS?

Tenax Therapeutics, Inc.. has a diluted EPS of $-0.35.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is TENX's fundamental grade?

Based on our AI fundamental analysis in June 2026, Tenax Therapeutics, Inc.. has a B grade with 35% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is TENX stock overvalued or undervalued?

Valuation metrics for TENX: ROE of -13.7% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is TENX's AI grade for 2026?

Our dual AI analysis gives Tenax Therapeutics, Inc.. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TENX's free cash flow?

Tenax Therapeutics, Inc..'s operating cash flow is $-9.3M, with capital expenditures of $2.8K.

How does TENX compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin N/A (avg: 12%), ROE -13.7% (avg: 15%), current ratio 14.52 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 15, 2026 | Data as of: 2026-03-31 | Powered by Claude AI