| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 2.93 | 1.7% | 0.3% |
| Total Income | 2.93 | 1.7% | 0.3% |
| Expenditure | 3.66 | 4.0% | 1.9% |
| PBT | -0.65 | 1.6% | 13.3% |
| Net Profit | -0.65 | 3.0% | 5.8% |
| OPM | -24.71% | 2.66pp | 2.09pp |
| NPM | -22.26% | 0.80pp | 1.32pp |
| EPS | -0.08 | 11.1% | 27.3% |
NEXGEL Reports Q3 2025 Financial Results
04 May 2026 · 4 May, 7:28 am
Summary
NEXGEL, Inc. reported its third quarter 2025 financial results, with revenue totaling $2.93 million, slightly down from $2.94 million in the same quarter of the previous year. Gross profit increased to $1.24 million, resulting in a gross profit margin of 42.4%. The net loss attributable to NEXGEL stockholders was $0.65 million, a slight decrease from the $0.69 million loss in Q3 2024. According to the CEO, the Adjusted EBITDA loss narrowed sequentially due to consistent performance and operational efficiencies.
Key Highlights
- 1
NEXGEL's net revenue was $2.93 million in Q3 2025, compared to $2.94 million in Q3 2024.
- 2
Gross profit reached $1.24 million for Q3 2025, up from $1.16 million in Q3 2024.
- 3
The gross profit margin increased to 42.4% in Q3 2025, compared to 39.3% in Q3 2024.
- 4
Net loss attributable to NEXGEL stockholders was $0.65 million in Q3 2025, a slight improvement from $0.69 million in Q3 2024.
- 5
EBITDA was ($0.55) million for Q3 2025, compared to ($0.49) million in Q3 2024.
- 6
Adjusted EBITDA was ($0.35) million for Q3 2025, the same as in Q3 2024.
- 7
As of September 30, 2025, the company held a cash balance of approximately $938 thousand.
Management Comments
Adam Levy
“While our revenue was flat year-over-year and sequentially, our Adjusted EBITDA loss continued to narrow sequentially as a result of consistent performance in contract manufacturing and consumer branded products and maintaining discipline in our operational efficiencies. Growth in our contract manufacturing segment, driven by strong partnerships like Cintas, and the successful onboarding of new global customers, continues to demonstrate the market’s confidence in our advanced hydrogel technology. At the same time, our consumer brands are gaining traction with new product launches across beauty and skincare that reflect our innovation and quality. Looking ahead, we remain committed to building on this momentum, driving sustainable growth, and expanding the reach of our innovative products across both our contract manufacturing and consumer brands businesses.”
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