How Eton Pharmaceuticals makes money

Period

FY2025

How does Eton Pharmaceuticals make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Eton Pharmaceuticals Inc. · FY2025 · year ended 2025-12-31

Revenue$80MNet loss$5M · 6%Cost of revenue$37M · 47%Gross profit$43M · 53%Operating expenses$44M · 55%R&D$8M · 10%SG&A$36M · 45%Other expense$4M · 5%Product Sales & Royalties$77M · 96%License$3M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.