NEXGEL (NXGL) Q4 2025 earnings summary

Executive summary

• Revenue grew 31.5% year-over-year to $11.4 million, driven by branded consumer products and the full-year impact of the Silly George acquisition.

• Gross profit margin improved to 39.5% from 31.6% in the prior year, reflecting higher-margin product mix.

• Net loss attributable to stockholders was $3.0 million, an improvement from $3.3 million in the prior year.

• The company continues to focus on expanding its consumer product portfolio and contract manufacturing business.

Financial highlights

• Revenues: $11.4 million in 2025 vs. $8.7 million in 2024 (+31.5%).

• Gross profit: $4.5 million in 2025 vs. $2.7 million in 2024; gross margin 39.5% vs. 31.6%.

• Net loss: $3.0 million in 2025 vs. $3.3 million in 2024.

• Cash and equivalents: $317 thousand at year-end, with $741 thousand in restricted cash.

• Working capital: $1.4 million at year-end, down from $2.6 million prior year.

Outlook and guidance

• Management expects continued near-term losses but is focused on expanding sales channels and product offerings.

• Strategic objectives include growing contract manufacturing, launching new branded products, and pursuing acquisitions.

• Additional capital raises may be necessary to support growth and acquisitions.