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Lexicon Pharmaceuticals (LXRX) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 6, 2025

Lexicon Pharmaceuticals (LXRX) reported revenue of $14.2M for the third quarter 2025 (Q3 2025), +710% from a year earlier and -51% from the quarter before. Operating margin was -85.9%, net loss $12.8M (90.0% of revenue).

Revenue$14.2M
Year over year+710%
Quarter over quarter-51%
Operating margin-85.9%
Net earnings−$12.8M

Lexicon Pharmaceuticals, Q3 2025: revenue $14.2M (+710% year over year), operating margin -85.9%, net loss $12.8M, operating cash flow −$23.8M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$14.2M-51%+710%
Operating profit−$12.2M-426%—
Net earnings−$12.8M-493%—
Operating cash flow−$23.8M-240%—

What changed

Revenue was $14.2M in Q3 2025, up 710% year over year and down 51% from the previous quarter. License was the largest line at 93% of revenue. Product declined 42%.

Operating costs exceeded revenue by $12.2M, an operating margin of -85.9%. Total costs fell 60% while revenue rose 710%. The quarter ended with a net loss of $12.8M, after a profit of $3.3M the previous quarter.

Operating cash flow was −$23.8M. Non-cash charges added back $151K of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $14.7M.

Questions

What was Lexicon Pharmaceuticals' revenue in the third quarter 2025?

Lexicon Pharmaceuticals (LXRX) reported revenue of $14.2M for the third quarter 2025 (Q3 2025), +710% from a year earlier and -51% from the quarter before.

Was Lexicon Pharmaceuticals profitable in the third quarter 2025?

Operating loss was $12.2M (-85.9% of revenue) and net loss $12.8M.

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Source: Lexicon Pharmaceuticals 10-Q on SEC EDGAR.