Tonix Pharmaceuticals Holding Corp
Tonix Pharmaceuticals Holding Corp is a biopharmaceutical company focused on the development and commercialization of novel therapeutics for the treatment of chronic and infectious diseases, with a pipeline including investigational drugs for post-traumatic stress disorder (PTSD) and other indications.
Business. Tonix Pharmaceuticals Holding Corp (TNXP.O) is a healthcare company operating in the pharmaceuticals industry, primarily engaged in pharmaceuticals and medical research. The firm generates revenue through product sales and is listed on the NASDAQ stock exchange. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not provided in the available data.
Analyst recommendations
2 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Tonix Pharmaceuticals Holding Corp (TNXP.O) has entered the scope of this analysis, marking the first available data point for the ticker. As a result, there is no prior basis for computing material changes or deltas in financial performance or operational metrics. The current snapshot serves as the foundational baseline for future monitoring of the company’s trajectory. The most notable activity detected involves a series of new institutional holdings added to the company’s shareholder registry. Multiple investors initiated positions as of late 2025 and early 2026, with filings detected on June 20, 2026. These additions represent fresh capital interest in the stock, although the specific identities of the investors are not disclosed in the available data. Among the new holders, one investor (ID 465) established a position of 673,605 shares valued at approximately $10.5 million as of December 31, 2025. Other notable additions include an investor (ID 499) holding 231,678 shares valued at roughly $3.2 million as of March 31, 2026, and another (ID 467) with 230,607 shares valued at approximately $3.2 million for the same period. Smaller positions were also added by several other entities, with share counts ranging from 13,070 to 29,790. Tonix Pharmaceuticals currently reports 17 top holders and has no listed analyst coverage or index memberships. The absence of analyst estimates and the initial nature of this data mean that the significance of these new holdings must be viewed in isolation, without comparative context from prior quarters or market consensus. Future updates will be required to determine if these initial positions signal a broader shift in investor sentiment.
Signals & dispatch
Composite-score breakdown
Synthesis
Tonix Pharmaceuticals Holding Corp (TNXP.O) is a healthcare company operating in the pharmaceuticals industry, primarily engaged in pharmaceuticals and medical research. The firm generates revenue through product sales and is listed on the NASDAQ stock exchange. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not provided in the available data.
Tonix Pharmaceuticals has a strong liquidity position, with $207.6 million in cash and equivalents and no long-term debt, resulting in a debt-to-equity ratio of 0.0 and a current ratio of 7.42. However, the company reported negative operating and free cash flows of -$99.8 million and -$125.5 million, respectively, indicating ongoing operational cash burn.
Profitability metrics are negative, with a return on equity of -50.59% and a return on assets of -44.75%. These figures are significantly below the industry median for pharmaceutical companies, which typically exhibit positive returns due to high-margin product sales and R&D efficiency. Tonix's operating loss of $127.8 million and net loss of $124.0 million further highlight the company's current unprofitability.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regulatory, clinical, and market risks in its primary therapeutic areas, particularly PTSD and related conditions.
Looking ahead, Tonix is expected to maintain a negative growth trajectory, with no disclosed revenue growth in the current fiscal year and no clear path to profitability in the next fiscal year. The company's capital expenditures of -$3.4 million suggest minimal investment in new facilities or equipment, which may limit long-term capacity for product development and commercialization.
Risk factors include liquidity risk due to ongoing negative cash flows and the absence of long-term debt, which could limit flexibility in the event of unexpected expenses or delays in clinical trials. Dilution risk is currently low, with no immediate filing-based flags detected, and shares outstanding remain unchanged between basic and diluted shares.
Recent events include the continued development of its lead candidate, TNX-102 SL, for PTSD, with no recent regulatory approvals or major clinical trial results disclosed. The company has not issued new equity in the latest reporting period, and no significant changes in management or strategic direction have been reported.
Tonix Pharmaceuticals Holding Corp (TNXP.O) has entered the scope of this analysis, marking the first available data point for the ticker. As a result, there is no prior basis for computing material changes or deltas in financial performance or operational metrics. The current snapshot serves as the foundational baseline for future monitoring of the company’s trajectory. The most notable activity detected involves a series of new institutional holdings added to the company’s shareholder registry. Multiple investors initiated positions as of late 2025 and early 2026, with filings detected on June 20, 2026. These additions represent fresh capital interest in the stock, although the specific identities of the investors are not disclosed in the available data. Among the new holders, one investor (ID 465) established a position of 673,605 shares valued at approximately $10.5 million as of December 31, 2025. Other notable additions include an investor (ID 499) holding 231,678 shares valued at roughly $3.2 million as of March 31, 2026, and another (ID 467) with 230,607 shares valued at approximately $3.2 million for the same period. Smaller positions were also added by several other entities, with share counts ranging from 13,070 to 29,790. Tonix Pharmaceuticals currently reports 17 top holders and has no listed analyst coverage or index memberships. The absence of analyst estimates and the initial nature of this data mean that the significance of these new holdings must be viewed in isolation, without comparative context from prior quarters or market consensus. Future updates will be required to determine if these initial positions signal a broader shift in investor sentiment.
- Tonix Pharmaceuticals has strong liquidity but is currently unprofitable with negative cash flows.
- The company's return on equity and assets are significantly below industry norms.
- Revenue and product concentration pose operational and regulatory risks.
- No immediate dilution or liquidity risks are present, but ongoing cash burn remains a concern.
- The company lacks geographic and segment diversification, increasing exposure to market-specific risks.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -10,70 |
| Revenue | —no estimate | —no estimate | 30,9M USD |
| Operating income | —no estimate | —no estimate | -175,6M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Director · Stock Option → Common StockAcquired 22 700 @ $13,28grant · 2026-05-12
- Chief Financial Officer · Stock Option → Common StockAcquired 39 012 @ $14,29grant · 2026-02-24
- Chief Operating Officer · Stock Option → Common StockAcquired 39 011 @ $17,86grant · 2026-02-24
- Chief Operating Officer · Stock Option → Common StockAcquired 39 012 @ $14,29grant · 2026-02-24
- Chief Medical Officer · Stock Option → Common StockAcquired 39 012 @ $14,29grant · 2026-02-24
- Chief Financial Officer · Stock Option → Common StockAcquired 39 011 @ $17,86grant · 2026-02-24
- Director, Chief Executive Officer · Stock Option → Common StockAcquired 134 504 @ $14,29grant · 2026-02-24
- Chief Medical Officer · Stock Option → Common StockAcquired 39 011 @ $17,86grant · 2026-02-24
- Chief Technology Officer · Stock Option → Common StockAcquired 39 012 @ $14,29grant · 2026-02-24
- Chief Technology Officer · Stock Option → Common StockAcquired 39 011 @ $17,86grant · 2026-02-24
- Director, Chief Executive Officer · Stock Option → Common StockAcquired 134 503 @ $17,86grant · 2026-02-24
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Tonix Pharmaceuticals Holding Corp Market data — financials · 2026-05-29
- Tonix Pharmaceuticals Holding Corp Market data — analyst estimates · 2026-05-29
- Tonix Pharmaceuticals Holding Corp Market data — ESG · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2025-12-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Chief Financial Officer · Common Stock, $0.001 par valueOther 1 453 @ $10,91$16K · 2026-06-30
- Director · Common Stock, $0.001 par valueBought 1 415 @ $10,55$15K · 2026-06-12
- Director, Chief Executive Officer · Common Stock, $0.001 par valueBought 5 000 @ $11,79$59K · 2026-06-09
- Director · Common Stock, $0.001 par valueBought 5 000 @ $11,65$58K · 2026-06-08
- Director, Chief Executive Officer · Common Stock, $0.001 par valueBought 5 000 @ $12,62$63K · 2026-03-31
- Director, Chief Executive Officer · Common Stock, $0.001 par valueBought 15 000 @ $14,89$223K · 2026-03-18
- Chief Financial Officer, 10% owner · Common Stock, par value $0.001Other 701 @ $13,42$9K · 2025-12-31
- Director · Common Stock, par value $0.001Bought 418 @ $36,03$15K · 2025-08-21
- Director · Common Stock, par value $0.001Bought 250 @ $36,00$9K · 2025-08-20
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Return on assets (FY 2025-12-31): -44.7%Derived (calculated)
- Net margin (FY 2025-12-31): -946.2%Derived (calculated)
- Return on equity (FY 2025-12-31): -50.6%Derived (calculated)
- Current ratio (FY 2025-12-31): 7.42xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.13xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 2,707.5%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 110.2%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -14.5%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 91.7%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 91.7%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 4.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -63.9%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 8.0%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 11.3%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 29.8%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 75.7%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 70.2%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 37.2%Derived (calculated)
- Net income (annual): USD -124.02MSEC XBRL filing
- Revenue (annual): USD 13.11MSEC XBRL filing
- Operating income (annual): USD -125.7MSEC XBRL filing
- Total assets (annual): USD 277.17MSEC XBRL filing
- Current liabilities (annual): USD 30.84MSEC XBRL filing
- Total liabilities (annual): USD 32.02MSEC XBRL filing