SCYX SCYNEXIS INC

Overview and Growth

SCYNEXIS INC generated $20.60M of revenue in fiscal 2025, with net loss of $8.61M and an operating cash outflow of $5.28M. At $20.60M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $3.75M in fiscal 2024, revenue recorded a 449.9% year-over-year increase. Diluted earnings per share were -$0.17, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 49.93M; this is the reported share base over which the company’s diluted per-share earnings were spread. Compared with 48.51M diluted shares in fiscal 2024, the current 49.93M base was 2.9% higher. At period end, total assets were $59.03M, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.35x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was an operating loss of $16.07M, reflecting costs that exceeded gross profit. An operating margin of -78.0% reflected costs exceeding revenue-level gross profit by 78.0% of sales. After all below-operating-line items, the company recorded a net loss of $8.61M for the fiscal year. The net loss equaled 41.8% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $8.61M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 41.8%. Income tax expense totaled $0.00, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 17.4%. The loss-to-assets relationship was 14.6%, placing the bottom-line deficit against the company’s resource base. Compared with a $21.29M net loss in fiscal 2024, the current loss improved to $8.61M.

Liquidity and Capital Structure

At period end, the $59.03M asset base was financed through $9.65M of liabilities and $49.38M of equity. Current assets were $40.37M against $5.73M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 7.04x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $21.26M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 370.8% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 83.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 16.4% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 36.0%, comparing reported cash and equivalents with the full positive asset balance. Compared with $90.64M in fiscal 2024, the current asset base moved 34.9% and finished lower. Book equity was 10.4% lower than fiscal 2024 equity of $55.08M, showing how shareholder capital changed year over year. Compared with $16.05M in fiscal 2024, the current cash balance moved 32.4% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $5.28M, rather than cash generation from operations. The operating cash outflow narrowed to $5.28M from $24.01M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.