Eton Pharmaceuticals, Inc. (ETON) Stock Price & Analysis

Eton Pharmaceuticals, Inc. (ETON) closed at USD 50.02 on Thursday, October 22, 2026, up 1.46% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 49.3; the Oct 22, 2026 session ranged USD 48.74–50.32 on volume of 483,677 shares. Market capitalization is $1.43B, with a 52-week range of USD 14.27–66.37 (NGM). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.

Also available as compact Markdown for AI agents: nexqual.com/ETON.md

Key facts (ETON)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ETON)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$21.8M$21.3M$31.6M$39.0M$80.0M$106M
Gross profit$19.0M$14.3M$21.1M$23.4M$42.7M—
Operating income-$1.5M-$8.3M-$1.2M-$2.6M-$844K$16.3M
Net income-$2.0M-$9.0M-$936K-$3.8M-$4.6M$12.7M
EPS (diluted)-$0.08—————
Free cash flow-$4.7M$4.8M$6.8M$943K$10.2M$14.7M
Gross margin87.1%67.4%66.6%60.0%53.5%—
Operating margin-6.8%-38.9%-3.8%-6.7%-1.1%15.4%
Net margin-9.0%-42.4%-3.0%-9.8%-5.8%12.0%
Revenue growth+55879.5%-2.7%+48.9%+23.3%+104.9%—
Cash + short-term investments$14.4M$16.3M$21.4M$14.9M$25.9M—
Total debt$6.7M$6.4M$5.4M$29.8M$30.6M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (ETON)

Superinvestors (SEC 13F-HR, Q2 2026) (ETON)

1 of 80 tracked investors hold ETON. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Polen CapitalPolen Capital Management0.01%$1.6MAdded +50.6%

Insider sales (SEC Form 4, open-market, last ~7 months) (ETON)

0 of 9 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-06Krempa DavidChief Business Officer4,166$229K8.8%NoToo little history (no open-market trades in 2023 or 2024)
2026-08-28Maier Paul VDirector50,000$3.0M45.6%NoToo little history (no open-market trades in 2023–2025)
2026-08-24Krempa DavidChief Business Officer25,000$1.6M40.3%NoToo little history (no open-market trades in 2023 or 2024)
2026-08-19…2026-08-20Brynjelsen SeanPresident & CEO100,000$6.1M9.4%NoToo little history (no open-market trades in 2023 or 2024)
2026-07-14Opaleye Management Inc.28,315$1.1M1%NoToo little history (no open-market trades in 2023)
2026-07-02…2026-07-07Opaleye Management Inc.126,685$4.8M4.4%NoToo little history (no open-market trades in 2023)
2026-06-17Adams Jennifer McKieDirector50,000$1.6M100%NoToo little history (no open-market trades in 2023–2025)
2026-05-28Brynjelsen SeanPresident & CEO120,000$3.8M12.6%NoToo little history (no open-market trades in 2023 or 2024)
2026-05-22…2026-05-27Krempa DavidChief Business Officer100,000$3.2M79.8%NoToo little history (no open-market trades in 2023 or 2024)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (ETON)

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-14HC Wainwright & Co.ReiteratedBuy$70
2026-08-14Canaccord GenuityTarget raisedBuy$60 → $68
2026-08-14B. Riley SecuritiesTarget raisedBuy$40 → $70
2026-08-14HC Wainwright & Co.Target raisedBuy$65 → $70
2026-08-11HC Wainwright & Co.Target raisedBuy$57 → $65
2026-07-28Craig-HallumTarget raisedBuy$40 → $62
2026-07-17Canaccord GenuityInitiatedBuy$60

Total return (dividends reinvested) (ETON)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return+169.8%+807.8%
S&P 500 (SPY)+14.9%+80.3%
Per year+170.7%+55.3%
Volatility (annualized)66.3%56.7%
Max drawdown-25.4% (Nov 2025→Feb 2026)-67.1% (Nov 2021→Sep 2022)

ETON revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Product$37.6M100.0%+98.6%
Total revenue$37.6M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

ETON suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerSWK Holdings“The decrease in cash from financing activities during the twelve-months ended December 31, 2025 was primarily associated with net proceeds received from expanding our credit agreement with SWK Holdings Corporation ("SWK") and proceeds from common stock issued in a private placement offering in 2024.”

Quoted from the company's 10-K filed Mar 19, 2026.

ETON company outlook (results filed Aug 13, 2026)

Quoted word-for-word from the SEC 8-K results press release.

ETON analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.37$0.31+19.4%$42.2M2
Next quarter (ends Dec 2026)$0.43$0.40+8.7%$46.4M2
Current fiscal year (ends Dec 2026)$1.40$1.04+34.0%$149.7M2
Next fiscal year (ends Dec 2027)$2.55$2.14+19.2%$220.4M2

Key Statistics (as of October 23, 2026 at 09:22 UTC)

PriceUSD 50.02
Change▲ 1.46% (up)
Previous CloseUSD 49.3
OpenUSD 49.36
Day RangeUSD 48.74 – 50.32
52-Week RangeUSD 14.27 – 66.37
Volume483,677 shares
Market Cap$1.43B
ExchangeNGM

Technical Analysis (ETON)

Nexqual's technical model rates ETON "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.

Overall SignalSELL
RSI (14)37.02 (neutral)
vs SMA50Below (USD 56.75)
MACD-1.67 (negative)

Earnings (ETON)

Next Earnings Date2026-11-12
EPS EstimateUSD 0.37
Revenue Estimate$42.21M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.43 vs est 0.19 ▲ beat
2026-03-31USD 0.14 vs est 0.14 ▲ beat
2025-12-31USD 0.19 vs est 0.2 ▼ miss
2025-09-30USD 0.04 vs est 0.16 ▼ miss

Source: Nexqual, October 23, 2026 at 09:22 UTC.

Financials & Fundamentals (ETON)

Total Revenue$105.59M
Revenue Growth (latest quarter, YoY)+98.60%
Gross Margin+61.41%
Operating Margin+35.77%
Profit Margin+12.02%
ROE+35.97%
Debt / Equity0.63
Current Ratio1.52
Total Cash$26.84M
Total Debt$29.23M

Source: Nexqual, October 23, 2026 at 09:22 UTC.

Ownership (ETON)

Insider Ownership+4.89%
Institutional Ownership+71.47%
Shares Outstanding28.58M
Float22.30M
Short % of Float+8.87%

Source: Nexqual, October 23, 2026 at 09:22 UTC.

Leadership (ETON)

Eton Pharmaceuticals, Inc. is led by Sean E. Brynjelsen, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:22 UTC.

President, CEO & DirectorSean E. Brynjelsen
Chief Financial Officer & SecretaryJudith M. Matthews
Chief Operating OfficerDanka Radosavljevic
Senior Vice President of Sales OperationsScott Grossenbach

Major Backers & Investors (ETON)

Notable institutional backers of Eton Pharmaceuticals, Inc. include Opaleye Management Inc., EcoR1 Capital, LLC, Nantahala Capital Management, LLC, according to Nexqual as of October 23, 2026 at 09:22 UTC.

Active Investors

InvestorStake
Opaleye Management Inc.10.01%
EcoR1 Capital, LLC7.6%
Nantahala Capital Management, LLC4.11%
Morgan Stanley2.69%
Fidelity2.36%
Oberweis Asset Management Inc.1.75%

Index Funds (Passive)

FundStake
BlackRock6.63%
Vanguard Group3.42%
State Street2.46%
Geode Capital2.28%

Source: Nexqual, October 23, 2026 at 09:22 UTC.

From Eton Pharmaceuticals, Inc.'s Latest SEC 10-K Filing (filed 2026-03-19)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
BHCBausch Health Companies Inc.USD 6.49▲ 0.62%
SUPNSupernus Pharmaceuticals, Inc.USD 42.07▲ 2.09%
HCMHUTCHMED (China) LimitedUSD 14.28▼ 0.63%
LQDALiquidia CorporationUSD 39.69▲ 2.14%
AMLXAmylyx Pharmaceuticals, Inc.USD 28.57▼ 1.58%
INDVIndivior Pharmaceuticals, Inc.USD 35.33▲ 1.55%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt