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Niagen Bioscience
Niagen Bioscience (NAGE) investor relations material
Niagen Bioscience Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Mar, 2026
Executive summary
Net sales rose 30% year-over-year to $129.4M in 2025, with Tru Niagen accounting for up to 81% of revenue and ingredient sales up 45%.
Net income increased 103% year-over-year to $17.4M, with diluted EPS of $0.20 and basic EPS of $0.22.
Adjusted EBITDA grew 139% to $20.4M, and year-end cash stood at $64.8M with no debt.
Successfully launched new products, expanded into beauty and injectables, and grew pharmaceutical-grade ingredient sales by 123%.
Divested the reference standards business for $6M to focus on core NAD science and commercial growth.
Financial highlights
Gross margin for 2025 was 64.3%, up 250bps year-over-year; Q4 gross margin was 64.1%, up 160bps.
Q4 2025 revenue was $33.8M, led by Tru Niagen (up 21% YoY to $27.5M); e-commerce revenue grew up to 28% YoY.
Ingredient revenue reached $27.9M for FY2025, with pharmaceutical-grade sales up 123% to $3.8M.
Operating income for FY2025 was $16.3M, up from $7.7M in FY2024.
Cash from operations for FY2025 totaled $13.5M.
Outlook and guidance
Projecting 10–15% net sales growth for 2026, excluding divested reference standards segment.
Gross margin expected to improve slightly, with increased investments in R&D, sales, and marketing.
G&A expenses projected to rise by $4.0–$5.0M due to infrastructure and legal costs.
Sales growth expected to be more backloaded in 2026; additional brand marketing not yet included in guidance.
Strategic focus on customer acquisition, new product launches, and pharmaceutical development.
Niagen Plus injection market strategy
FDA NMN reversal lawsuit timeline
Brand marketing in 2026 guidance
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Next Niagen Bioscience earnings date
Q1 20266 May, 2026
Niagen Bioscience
Next Niagen Bioscience earnings date
Q1 20266 May, 2026
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ChromaDex Corporation is a biosciences company that develops and markets ingredients and consumer products based on nicotinamide riboside and other proprietary compounds. Its product portfolio supports healthy aging and cellular health, distributed through e-commerce and retail. The company is headquartered in Los Angeles, California, and its shares are listed on the NASDAQ.
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