Filing Flows › Scilex Holding (SCLX) › Q2 2025
Scilex Holding (SCLX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Scilex Holding (SCLX) reported revenue of $9.9M for the second quarter 2025 (Q2 2025), -40% from a year earlier and +98% from the quarter before. Operating margin was -207.2%, net loss $44.0M (445.1% of revenue).
Scilex Holding, Q2 2025: revenue $9.9M (-40% year over year), operating margin -207.2%, net loss $44.0M, operating cash flow $7.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9M | +98% | -40% |
| Operating profit | −$20.5M | — | — |
| Net earnings | −$44.0M | — | — |
| Operating cash flow | $7.0M | +17% | +205% |
What changed
Revenue was $9.9M in Q2 2025, down 40% year over year and up 98% from the previous quarter.
Operating costs exceeded revenue by $20.5M, an operating margin of -207.2%. Total costs fell 5% while revenue fell 40%. The fastest-growing cost line was Research & development (+209%). The quarter ended with a net loss of $44.0M, wider than the previous quarter's $26.1M loss. Net interest and other expense of $23.5M was the main reason.
Operating cash flow was $7.0M (up 205% year over year). Non-cash charges added back $1.0M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $46.8M.
Questions
What was Scilex Holding's revenue in the second quarter 2025?
Scilex Holding (SCLX) reported revenue of $9.9M for the second quarter 2025 (Q2 2025), -40% from a year earlier and +98% from the quarter before.
Was Scilex Holding profitable in the second quarter 2025?
Operating loss was $20.5M (-207.2% of revenue) and net loss $44.0M.
Source: Scilex Holding 10-Q on SEC EDGAR.