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Medicinova (MNOV) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 12, 2025

Medicinova (MNOV) reported revenue of $123K for the third quarter 2025 (Q3 2025) and -8% from the quarter before.

Revenue$123K
Year over year—
Quarter over quarter-8%
Operating margin—
Net earnings−$3.1M

Medicinova, Q3 2025: revenue $123K, net loss $3.1M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$123K-8%—
Operating profit−$3.4M——
Net earnings−$3.1M——
Operating cash flow−$1.7M——

What changed

Revenue was $123K in Q3 2025, down 8% from the previous quarter.

Operating costs exceeded revenue by $3.4M, an operating margin of -2741.7%. The quarter ended with a net loss of $3.1M, narrower than the previous quarter's $3.3M loss.

Operating cash flow was −$1.7M. Non-cash charges added back $5K of depreciation and amortization and $158K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $3K exceeded it, leaving free cash flow of −$1.7M.

Questions

What was Medicinova's revenue in the third quarter 2025?

Medicinova (MNOV) reported revenue of $123K for the third quarter 2025 (Q3 2025) and -8% from the quarter before.

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Source: Medicinova 10-Q on SEC EDGAR.