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Filing Flows › Tonix Pharmaceuticals Holding (TNXP) › Q1 2026 › vs Q4 2025

Tonix Pharmaceuticals Holding (TNXP) Q1 2026 vs Q4 2025 (quarter over quarter)

Tonix Pharmaceuticals Holding's revenue rose $1.5M (+28%) from $5.4M in Q4 2025 to $6.9M in Q1 2026.

Tonix Pharmaceuticals Holding, Q1 2026: revenue $6.9M (+183% year over year), operating margin -603.9%, net loss $40.2M, operating cash flow −$42.3M. The chart draws each line against Q4 2025, the increases inside each band.

Tonix Pharmaceuticals Holding: what changed, Q1 2026 vs Q4 2025Tonix Pharmaceuticals Holding: what changed, Q1 2026 vs Q4 2025Working capital & other$9.6MSG&A−$7.1MNet loss−$6.7MNet loss absorbed−$6.7MCosts & expenses−$5.3MOperating costs−$5.3MOperating cash sources$2.9MCash used in operations$2.7MResearch & development$1.3MCost of revenue$520K

Every line

LineQ1 2026Q4 2025Change%
Revenue$6.9M$5.4M$1.5M+28%
Other income, net$1.3M$1.4M−$33K-2%
Net loss$40.2M$46.9M−$6.7M-14%
Costs & expenses$48.4M$53.7M−$5.3M-10%
Operating costs$48.4M$53.7M−$5.3M-10%
Cost of revenue$1.6M$1.1M$520K+49%
Research & development$18.2M$16.9M$1.3M+8%
SG&A$28.6M$35.7M−$7.1M-20%
Operating cash sources$44.8M$41.9M$2.9M+7%
Depreciation & amortization$555K$488K$67K+14%
Share-based compensation$2.0M$1.8M$181K+10%
Cash used in operations$42.3M$39.6M$2.7M+7%
Net loss absorbed$40.2M$46.9M−$6.7M-14%
Working capital & other$4.6M−$5.0M$9.6M—

Questions

How much did Tonix Pharmaceuticals Holding's revenue grow quarter over quarter in Q1 2026?

Tonix Pharmaceuticals Holding's revenue rose $1.5M (+28%) from $5.4M in Q4 2025 to $6.9M in Q1 2026.

Q1 2026 results → · Compare in the interactive Sankey →