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NASDAQ · MEDICINAL CHEMICALS & BOTANICAL PRODUCTS · LARGE CAP

Niagen Bioscience, Inc. NAGE

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$129.4M
▲ 29.9% YoY
$17.4M
▲ 103.3% YoY

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

In brief

What this company does

Niagen Bioscience, Inc. commercializes food-grade Niagen, a proprietary form of nicotinamide riboside chloride, as a dietary and food ingredient, and sells Tru Niagen, a finished dietary supplement featuring Niagen, directly to consumers. For the years ended December 31, 2025 and 2024, its net sales were approximately $129.4 million and $99.6 million, respectively. As of December 31, 2025, Niagen Bioscience had 117 full-time employees, none of whom were represented by a labor union. Its net sales are reported across a Consumer Products segment, an Ingredients segment and an Analytical Reference Standards and Services segment, while its pharmaceutical segment did not generate net sales during the periods presented. It supplies pharmaceutical-grade Niagen to U.S. FDA-registered 503B outsourcing facilities, in addition to compound pharmacies abroad, which compound and distribute Niagen intravenous and injectable Niagen formulations for use with a prescription. Its pharmaceutical segment is pursuing pharmaceutical development of NAD+ precursors for potential therapeutic applications in advanced aging rare diseases, and to date its activities have been limited to research and development, including preclinical and clinical studies and regulatory planning activities. Effective March 19, 2025, the company changed its name to "Niagen Bioscience, Inc."

Written from the business description in Niagen Bioscience, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 March 2026. Every sentence was checked against that document before publication.

Growth

USD 129.4M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 129.4 · Net income 17.4
50M100M-15M-30M
201020132016201920222025
Compound annual growth
+21.6%
+16.9%
+21.9%
+20.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.9% a year over the five years to FY2025.

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

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.6% · Net 13.4%
5%10%-50%-100%
201020172025
ROE
FY2025 · ROE 28.3%
-100%-200%-300%
201020172025
Three returns, three denominators.

Each USD of equity produced 28 cents of profit this year.

Cash & shareholders

USD 0.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF -21.2
-10M-20M
201020172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks -7.0
-20M-40M
20122017201820242025

Total assetsUSD 106.4M
EquityUSD 76.5M
CashUSD 64.8M
Current ratio4.86×

Equity funds 72% of total assets.

The 16-year record

16 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—not applicable◌not available in our data
NAGE, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.10.10.10.10.10.10.00.00.00.00.00.00.00.00.00.0
Operating income $B0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.0◌◌◌◌◌0.00.0−0.00.0◌◌◌◌
Net income $B0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B◌◌◌◌◌◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $0.200.11−0.07−0.24−0.40−0.33−0.56−0.61−0.26−0.08−0.08−0.15−0.04−0.13−0.12−0.04
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————————————
ROE %28.322.9−17.3−54.8−112.7−108.1−135.0−82.2−35.7−38.4−59.8−111.5−91.5−355.9−210.6−41.6
Shares out B0.080.080.070.070.070.060.060.000.050.040.110.110.100.090.070.06

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 80 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMedicinal Chemicals & Botanical Products
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2010

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