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Medicinova (MNOV) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 10, 2026

Medicinova (MNOV) reported revenue of $152K for the fourth quarter 2025 (Q4 2025) and +23% from the quarter before.

Revenue$152K
Year over year—
Quarter over quarter+23%
Operating margin—
Net earnings−$2.8M

Medicinova, Q4 2025: revenue $152K, net loss $2.8M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$152K+23%—
Operating profit−$3.1M——
Net earnings−$2.8M——
Operating cash flow−$2.0M——

What changed

Revenue was $152K in Q4 2025, up 23% from the previous quarter.

Operating costs exceeded revenue by $3.1M, an operating margin of -2038.0%. The quarter ended with a net loss of $2.8M, narrower than the previous quarter's $3.1M loss.

Operating cash flow was −$2.0M. Non-cash charges added back $5K of depreciation and amortization and $181K of share-based compensation. Working capital and other items added $600K.

Questions

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

Medicinova (MNOV) reported revenue of $152K for the fourth quarter 2025 (Q4 2025) and +23% from the quarter before.

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Source: Medicinova 10-K on SEC EDGAR.