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Nasdaq · Healthcare

PALVELLA THERAPEUTICS, INC. (PVLA)

As-reported financials and SEC filings for PALVELLA THERAPEUTICS, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PALVELLA THERAPEUTICS, INC.

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing novel therapies for serious, rare skin diseases and vascular malformations that currently lack FDA-approved treatments. Its main product candidates, including QTORIN rapamycin gel, target conditions such as microcystic lymphatic malformations and cutaneous venous malformations. The company serves patients with these rare diseases and aims to improve treatment options through its proprietary QTORIN platform.

Snapshot

Revenue
Revenue growth (YoY)
Net income
$-41.7M
Diluted EPS
$-3.71
Gross margin
Operating margin
Net margin
FCF margin
ROE
-149.1%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$2.16B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Palvella Therapeutics

  • Net loss widened to $42M in FY2025, from $17M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Palvella Therapeutics’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

ROE-149.1%
8th percentile of 167
Short interest12.80d
88th percentile of 197

Palvella Therapeutics’s return on equity of -149.1% ranks in the 8th percentile of the 167 pharmaceutical companies reporting it.

No reported insider purchases (code P) in the last 90 days; 12 insider sales totaling $1.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$18.9M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$8.1M53.3KAdded
Millennium ManagementquantQ2 2026$8.0M52.2KReduced
Two Sigma InvestmentsquantQ2 2026$1.9M12.3KAdded
Citadel AdvisorsquantQ2 2026$537,9263.5KReduced
AQR Capital ManagementquantQ2 2026$353,9322.3KNew

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
12
$1.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-19
filed 2026-08-20
Goin KathleenChief Operating OfficerSell2.0K$151.80$303K
2026-08-19
filed 2026-08-20
Goin KathleenChief Operating OfficerSell1.5K$151.39$227K
2026-08-19
filed 2026-08-20
Goin KathleenChief Operating OfficerSell400$153.00$61K
2026-08-19
filed 2026-08-20
Goin KathleenChief Operating OfficerSell302$156.77$47K
2026-08-19
filed 2026-08-20
Goin KathleenChief Operating OfficerSell102$155.59$16K
2026-07-15
filed 2026-07-17
Goin KathleenChief Operating OfficerSell1.9K$150.25$287K
2026-07-15
filed 2026-07-17
Goin KathleenChief Operating OfficerSell1.0K$149.27$154K
2026-07-15
filed 2026-07-17
Goin KathleenChief Operating OfficerSell840$148.40$125K
2026-07-15
filed 2026-07-17
Goin KathleenChief Operating OfficerSell522$147.14$77K
2026-06-17
filed 2026-06-22
Goin KathleenChief Operating OfficerSell2.4K$110.26$264K
2026-06-17
filed 2026-06-22
Goin KathleenChief Operating OfficerSell1.9K$111.31$210K
2026-06-17
filed 2026-06-22
Goin KathleenChief Operating OfficerSell25$112.23$3K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.1M
settled 2026-08-14
Change vs prior
+3.9%
vs previous settlement
Days to cover
12.80
at avg daily volume
Avg daily volume
167.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.1M+3.9%12.80
2026-07-312.1M-5.0%9.21
2026-07-152.2M-8.0%9.15
2026-06-302.4M+13.9%6.31
2026-06-152.1M-1.9%6.53
2026-05-292.1M-1.4%12.33
2026-05-152.1M-1.1%8.87
2026-04-302.2M+9.7%10.72

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$42.8M$25.5M$27.9M
Gross profit
Operating income$-38.6M$-14.1M$-11.9M$-43.5M$-51.8M
Net income$-41.7M$-17.4M$18.7M$-33.3M$-45.7M
Diluted EPS$-3.71$-1.57$0.43$-5.82

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$58.0M$83.6M$7.3M$38.6M$117.8M
Current assets$59.0M$88.2M$7.5M$73.4M$127.6M
Total assets$59.6M$88.2M$7.5M$95.5M$153.6M
Current liabilities$11.3M$12.0M$2.4M$36.6M$50.6M
Long-term debt
Total liabilities$31.6M$25.6M$11.4M$67.6M$102.8M
Total equity$28.0M$62.6M$-74.5M$-93.8M$50.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-25.0M$-10.8M$-13.7M$-59.9M$-7.7M
Capital expenditure$171,000$1.0M$949,000
Free cash flow$-13.9M$-61.0M$-8.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$-21.9M$-1.52
Q1 FY2026$-15.8M$-1.20
Q4 FY2025$-12.7M$-1.07
Q3 FY2025$-11.3M$-1.03
Q2 FY2025$-9.5M$-0.86
Q1 FY2025$-8.2M$-0.74
Q4 FY2024$-4.0M
Q3 FY2024$0-100.0%$-6.8M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1583648

Selected SEC filings

10-K2026-03-31
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-07-14
View on EDGAR →
8-K2026-06-30
View on EDGAR →
8-K2026-06-16
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.