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MARKETS / NYSE / MTNB
NYSE · PHARMACEUTICAL PREPARATIONS · SMALL CAP

Matinas BioPharma Holdings, Inc. MTNB

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$-10.3M
In brief

What this company does

Our lead product candidate is MAT2203 (oral amphotericin B), a highly potent antifungal drug which, by virtue of LNC delivery, has been made oral, safe, and well-tolerated for prolonged administration in patients with life-threatening invasive fungal infections. Following the successful EnACT Phase 2 trial in the treatment of cryptococcal meningitis, MAT2203 is now positioned for a single, Phase 3 registration trial (the “ORALTO trial”) in support of a New Drug Application (“NDA”) for the treatment of invasive aspergillosis in patients with limited treatment options. Following an 80% reduction in workforce implemented in late October 2024, we implemented a cost-cutting strategy and paused further clinical development of MAT2203 while continuing to engage in dialogue with prospective partners for the product with the goal of consummating a licensing, sale or other similar transaction as soon as possible to advance the development of MAT2203 into Phase 3. Our lead drug candidate based on the LNC Platform is MAT2203, an oral formulation of amphotericin B, a well-known and highly effective antifungal drug.

Written from the business description in Matinas BioPharma Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2023 · Revenue 1.1 · Net income -22.9
2M-8M-16M2013201520172019202120232025
Compound annual growth
+90.6%
+55.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +55.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
Operating margin Net margin
FY2023 · Operating -2168.4% · Net -2093.2%
20000%40000%60000%-20000%-40000%-60000%2013201520172019202120232025
ROE
FY2025 · ROE -166.6%
-100%-200%2013201520172019202120232025

Each USD of equity lost 167 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF -15.5
-8M-16M2013201520172019202120232025

Total assetsUSD 7.2M
EquityUSD 4.8M
CashUSD 4.0M
Current ratio2.79×

Equity funds 67% of total assets.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B··0.00.00.00.00.00.00.00.00.00.0·
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B·−0.0·····0.00.0··0.0·
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B··−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−2.00−4.98−5.28−0.10−0.11−0.12−0.13−0.15−0.36−0.21−0.18−0.32−0.20
Dividend / sh $·············
Payout %·············
ROE %−166.6−180.7−82.1−47.1−40.1−46.4−70.6−105.0−173.7−114.9−220.1−160.9−35.4
Shares out B0.010.010.000.220.000.000.000.110.090.060.060.030.03

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 52 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 24 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2013

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