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NASDAQ · PHARMACEUTICAL PREPARATIONS · SMALL CAP

Palvella Therapeutics, Inc. PVLA

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$-41.7M

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

In brief

What this company does

We intend to leverage our versatile QTORIN platform to minimize the challenges and timelines typically associated with generating novel topical product candidates. Our lead product candidate, QTORIN 3.9% rapamycin anhydrous gel (“QTORIN rapamycin”), is currently in clinical development for microcystic lymphatic malformations (“microcystic LMs”) and cutaneous venous malformations (“cutaneous VMs”). As of March 25, 2026, we had 29 full-time employees, of which two have Ph.Ds. We were incorporated in the State of Nevada in May 2013 under the name “Marika Inc.” and began operating the business of Pieris Pharmaceuticals GmbH (formerly Pieris AG, a German company which was founded in 2001), through a reverse acquisition on December 17, 2014. On December 13, 2024, we completed a reverse merger transaction (the “Merger”) with Legacy Palvella, and, upon completion of the Merger, we changed our name to “Palvella Therapeutics, Inc.” Legacy Palvella was formed under the laws of the State of Delaware on September 11, 2015 as Palvella Therapeutics LLC, a limited liability company.

Written from the business description in Palvella Therapeutics, 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 42.8 · Net income 18.7
20M40M-20M-40M
20132016201920222025
Compound annual growth
+13.4%
+8.0%
+13.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.0% a year over the five years to FY2023.

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 -27.7% · Net 43.7%
-200%-400%
201320192025
ROE
FY2025 · ROE -92.1%
-50%-100%
201320192025
Three returns, three denominators.

Each USD of equity lost 92 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF -13.9
20.0M40.0M-25.0M-50.0M
201320192025

Total assetsUSD 59.6M
EquityUSD 28.0M
CashUSD 58.0M
Current ratio5.20×

Equity funds 47% 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—not applicable◌not available in our data
PVLA, 13-year financial record
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B◌◌0.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B◌◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
Income tax $B0.00.00.00.00.00.00.0−0.00.00.00.0−0.0◌
Net income $B−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B◌◌−0.0−0.1−0.0−0.0−0.1−0.00.0−0.0−0.0−0.0−0.0
EPS, diluted $−3.71−7.832.17◌−0.71−0.68−0.56−0.50−0.40−0.55−0.41−0.710.01
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————
ROE %−92.1———−111.9−90.4−55.8−104.0−96.0−80.9−57.2−106.011.3
Shares out B0.010.010.000.070.070.060.060.050.050.040.040.030.01

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 · 1 failure in 52 reconciliationsAUDITED

Reconciled in 12 of the 13 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. Six checks were skipped: EPS is not tagged before 2013.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2013

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