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Tonix Pharmaceuticals Holding Corp. (TNXP) Stock Fundamental Analysis & AI Rating 2026

TNXP Nasdaq Pharmaceutical Preparations NV CIK: 0001430306
Recently Updated • Analysis: Apr 17, 2026 • SEC Data: 2025-12-31
SELL
72% Conf
Pending
Analysis scheduled

📊 TNXP Key Takeaways

Revenue: $13.1M
Net Margin: -946.2%
Free Cash Flow: $-103.2M
Current Ratio: 7.42x
Debt/Equity: 0.04x
EPS: $-14.57
AI Rating: SELL with 72% confidence
Tonix Pharmaceuticals Holding Corp. (TNXP) receives a SELL rating with 72% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $13.1M, net profit margin of -946.2%, and return on equity (ROE) of -50.6%, Tonix Pharmaceuticals Holding Corp. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete TNXP stock analysis for 2026.

Is Tonix Pharmaceuticals Holding Corp. (TNXP) a Good Investment?

Claude

Tonix Pharmaceuticals is a pre-commercial biotech company with severe operational losses (-$125.7M operating income) against minimal revenue ($13.1M), resulting in unsustainable cash burn of $99.8M annually. While the balance sheet is fortified with $207.6M cash and minimal debt, providing ~2 years of runway, the fundamental unprofitability and cash depletion rate present substantial risk without significant clinical or commercial inflection points. Growth in revenue is positive but microscopic relative to cash consumption.

Why Buy Tonix Pharmaceuticals Holding Corp. Stock? TNXP Key Strengths

Claude
  • + Strong balance sheet with $207.6M cash and minimal leverage (0.04x Debt/Equity) providing substantial financial runway
  • + Excellent liquidity position (7.42x current ratio) mitigates near-term solvency risk
  • + Revenue growth of 29.8% YoY demonstrates emerging commercial traction despite pre-scale status

TNXP Stock Risks: Tonix Pharmaceuticals Holding Corp. Investment Risks

Claude
  • ! Operating cash burn of -$99.8M annually against $13.1M revenue base is severely unsustainable; runway exhaustion in ~2 years without profitability inflection
  • ! Extreme net losses (-$946.2% margin) indicate pre-commercial development stage with high probability of clinical/regulatory failure in biotech context
  • ! Negative Return on Equity (-50.6%) and Asset (-44.7%) demonstrate capital destruction; dilution risk from future financing rounds likely

Key Metrics to Watch

Claude
  • * Clinical trial progress and regulatory milestones for pipeline candidates
  • * Monthly cash burn trajectory and runway extension through partnerships or capital raises
  • * Revenue inflection points and path to gross margin improvement

Tonix Pharmaceuticals Holding Corp. (TNXP) Financial Metrics & Key Ratios

Revenue
$13.1M
Net Income
$-124.0M
EPS (Diluted)
$-14.57
Free Cash Flow
$-103.2M
Total Assets
$277.2M
Cash Position
$207.6M

💡 AI Analyst Insight

Strong liquidity with a 7.42x current ratio provides a solid financial cushion.

TNXP Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -959.1%
Net Margin -946.2%
ROE -50.6%
ROA -44.7%
FCF Margin -787.5%

TNXP vs Healthcare Sector: How Tonix Pharmaceuticals Holding Corp. Compares

How Tonix Pharmaceuticals Holding Corp. compares to Healthcare sector averages

Net Margin
TNXP -946.2%
vs
Sector Avg 12.0%
TNXP Sector
ROE
TNXP -50.6%
vs
Sector Avg 15.0%
TNXP Sector
Current Ratio
TNXP 7.4x
vs
Sector Avg 2.0x
TNXP Sector
Debt/Equity
TNXP 0.0x
vs
Sector Avg 0.6x
TNXP Sector

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

Is Tonix Pharmaceuticals Holding Corp. Stock Overvalued? TNXP Valuation Analysis 2026

Based on fundamental analysis, Tonix Pharmaceuticals Holding Corp. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-50.6%
Sector avg: 15%
Net Profit Margin
-946.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.04x
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.

Tonix Pharmaceuticals Holding Corp. Balance Sheet: TNXP Debt, Cash & Liquidity

Current Ratio
7.42x
Quick Ratio
7.15x
Debt/Equity
0.04x
Debt/Assets
11.6%
Interest Coverage
-39,842.47x
Long-term Debt
$8.7M

TNXP Revenue & Earnings Growth: 5-Year Financial Trend

TNXP 5-year financial data: Year 2023: Revenue $7.8M, Net Income -$110.2M, EPS $-20.01. Year 2024: Revenue $10.1M, Net Income -$116.7M, EPS $-14,720.25. Year 2025: Revenue $13.1M, Net Income -$130.0M, EPS $-176.60.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tonix Pharmaceuticals Holding Corp.'s revenue has grown significantly by 69% over the 5-year period, indicating strong business expansion. The most recent EPS of $-176.60 indicates the company is currently unprofitable.

TNXP 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
-787.5%
Free cash flow / Revenue

TNXP Quarterly Earnings & Performance

Quarterly financial performance data for Tonix Pharmaceuticals Holding Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $2.8M -$14.2M $-3.59
Q2 2025 $2.0M -$14.9M $-3.86
Q1 2025 $2.4M -$14.9M $-2.84
Q3 2024 $2.8M -$14.2M $-0.23
Q2 2024 $2.2M -$14.9M $-19.28
Q1 2024 $2.5M -$14.9M $-0.18
Q3 2023 $4.0M -$23.1M $-1.83

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

Tonix Pharmaceuticals Holding Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$99.8M
Cash generated from operations
Stock Buybacks
$13.8M
Shares repurchased (TTM)
Capital Expenditures
$3.4M
Investment in assets
Dividends
None
No dividend program

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

Access official SEC EDGAR filings for Tonix Pharmaceuticals Holding Corp. (CIK: 0001430306)

📋 Recent SEC Filings

Date Form Document Action
Apr 1, 2026 4 xslF345X06/ownership.xml View →
Mar 31, 2026 8-K tnxp-8k_033026.htm View →
Mar 30, 2026 DEF 14A tnxp-def14a_050726.htm View →
Mar 26, 2026 8-K tnxp-8k_032526.htm View →
Mar 18, 2026 4 xslF345X06/form4-lederman_031826.xml View →

Frequently Asked Questions about TNXP

What is the AI rating for TNXP?

Tonix Pharmaceuticals Holding Corp. (TNXP) has an AI rating of SELL with 72% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TNXP's key strengths?

Claude: Strong balance sheet with $207.6M cash and minimal leverage (0.04x Debt/Equity) providing substantial financial runway. Excellent liquidity position (7.42x current ratio) mitigates near-term solvency risk.

What are the risks of investing in TNXP?

Claude: Operating cash burn of -$99.8M annually against $13.1M revenue base is severely unsustainable; runway exhaustion in ~2 years without profitability inflection. Extreme net losses (-$946.2% margin) indicate pre-commercial development stage with high probability of clinical/regulatory failure in biotech context.

What is TNXP's revenue and growth?

Tonix Pharmaceuticals Holding Corp. reported revenue of $13.1M.

Does TNXP pay dividends?

Tonix Pharmaceuticals Holding Corp. does not currently pay dividends.

Where can I find TNXP SEC filings?

Official SEC filings for Tonix Pharmaceuticals Holding Corp. (CIK: 0001430306) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TNXP's EPS?

Tonix Pharmaceuticals Holding Corp. has a diluted EPS of $-14.57.

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 rating reflects both perspectives for balanced insights.

Is TNXP a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Tonix Pharmaceuticals Holding Corp. has a SELL rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is TNXP stock overvalued or undervalued?

Valuation metrics for TNXP: ROE of -50.6% (sector avg: 15%), net margin of -946.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy TNXP stock in 2026?

Our dual AI analysis gives Tonix Pharmaceuticals Holding Corp. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TNXP's free cash flow?

Tonix Pharmaceuticals Holding Corp.'s operating cash flow is $-99.8M, with capital expenditures of $3.4M. FCF margin is -787.5%.

How does TNXP compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -946.2% (avg: 12%), ROE -50.6% (avg: 15%), current ratio 7.42 (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: Apr 17, 2026 | Data as of: 2025-12-31 | Powered by Claude AI