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NRX Pharmaceuticals (NRXP) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 14, 2025

NRX Pharmaceuticals (NRXP) reported revenue of $242K for the third quarter 2025 (Q3 2025).

Revenue$242K
Year over year—
Quarter over quarter—
Operating margin—
Net earnings−$5.9M

NRX Pharmaceuticals, Q3 2025: revenue $242K, net loss $5.9M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$242K——
Operating profit−$4.0M——
Net earnings−$5.9M——
Operating cash flow−$2.9M——

What changed

Revenue was $242K in Q3 2025. Therapy was the largest line at 63% of revenue.

Operating costs exceeded revenue by $4.0M, an operating margin of -1662.8%. The quarter ended with a net loss of $5.9M.

Operating cash flow was −$2.9M. Non-cash charges added back $26K of depreciation and amortization and $68K of share-based compensation. Working capital and other items added $2.9M.

Questions

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

NRX Pharmaceuticals (NRXP) reported revenue of $242K for the third quarter 2025 (Q3 2025).

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Source: NRX Pharmaceuticals 10-Q on SEC EDGAR.