TENX · Tenax Therapeutics, Inc.
Tenax Therapeutics Inc (TENX)
What's happening
- TENX is down 0.31% today, trading at $1.63. — Live quote
- It's trading within 3% of its 52-week low ($1.31). (Finnhub fundamentals)
- Volume today (161,322) is well below its 3-month average of 4,425,660. (Finnhub fundamentals)
- Reports earnings on 2026-11-10, 19 days away. (Finnhub earnings calendar)
- Last quarter's EPS beat estimates: $-0.35 actual vs. $-0.37 estimated (+5.1%). (Finnhub earnings history)
Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.
Key Statistics
Analyst Recommendations
Aggregate ratings for 2026-10-01 (16 analysts polled by Finnhub) — consensus count.
Performance Overview (Trailing returns vs S&P 500 benchmark)
Earnings Trends (Quarterly EPS Actual vs Estimate)
Valuation Measures & Ratios
Quarterly history (5 periods)
| Measure | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| Market cap | $740.4M | $719.8M | $301.9M | $237.4M | $240.1M |
| P/E | -12.30 | -13.64 | -7.36 | -8.25 | -11.04 |
| Price/Book | 6.52 | 6.28 | 3.14 | 2.30 | 2.20 |
| ROE | -52.97% | -46.01% | -42.64% | -27.86% | -19.89% |
| ROA | -49.46% | -42.84% | -39.90% | -27.20% | -19.40% |
Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).
Glossary — what these abbreviations mean
- 1. TTM
- Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
- 2. EPS
- Earnings per share — net income divided by diluted shares outstanding.
- 3. Beta
- A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
- 4. EV (Enterprise Value)
- Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
- 5. Forward P/E
- Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
- 6. PEG Ratio
- P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
- 7. Price / Book
- Share price divided by book value (assets minus liabilities) per share.
- 8. ROE
- Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
- 9. ROA
- Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
- 10. MRQ
- Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
- 11. YoY
- Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.
Short Interest
Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.
Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.
Price history
Drag horizontally to zoom into a section; use Reset view to restore all observations.
Technical signal summary
Calculating from the latest year of daily price history…
Show Technical Analysis Breakdown ▾ 10 Indicators
Not investment advice — read several signals together.
Indicators None active
History limited by data provider; markers are heuristics, not signals.
Peer and sector context
Balanced evidence
A deterministic summary of sourced facts—not an AI verdict.
Potential strengths
- Latest SEC filing is Form 4, filed 2026-10-21; review it for current changes and risks. SEC EDGAR ↗
Potential concerns
- Net profit margin is -10115.8%. Finnhub fundamentals ↗
- Trailing 52-week price return is -75.7%. Finnhub market metrics ↗
Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.
More on TENX
No accessible free API for these — links go to the source directly.
Financials
Fundamental trends
Visualized from the same SEC figures in the tables below.
Income statement
| Line item | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | — | — | $0 | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | -$18.8M | -$16.6M | -$16.8M | -$11.8M | -$11.3M | -$4.6M | -$3.7M | -$3.9M |
| Net income | -$17.8M | -$15.7M | -$15.8M | -$10.8M | -$10.4M | -$4.0M | -$3.6M | -$3.8M |
| EPS (diluted) | $-0.35 | $-0.35 | $-0.40 | $-0.27 | $-0.28 | $-0.19 | $-1.83 | $-3.12 |
| EPS (basic) | $-0.35 | $-0.35 | $-0.40 | $-0.27 | $-0.28 | $-0.19 | $-1.83 | $-3.12 |
Balance sheet
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $121.7M | $123.2M | $104.2M | $102.8M | $105.9M | $112.1M | $96.7M | $99.8M |
| Total liabilities | $8.1M | $8.5M | $7.2M | $6.6M | $2.5M | $2.8M | $4.7M | $2.6M |
| Stockholders' equity | $113.6M | $114.7M | $97.1M | $96.2M | $103.3M | $109.3M | $92.0M | $97.2M |
| Total current assets | $121.7M | $123.2M | $104.2M | $102.8M | $105.9M | $112.1M | $96.7M | $99.8M |
| Total current liabilities | $8.1M | $8.5M | $7.2M | $6.6M | $2.5M | $2.8M | $4.7M | $2.6M |
| Cash & equivalents | $118.0M | $118.8M | $97.6M | $99.4M | $105.5M | $111.4M | $94.9M | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Other current assets | $272.0K | $107.0K | $1.0M | — | — | $88.0K | $64.0K | $33.9K |
| Marketable securities (non-current) | — | — | — | — | — | — | — | — |
| Property, plant & equipment | — | — | — | — | — | — | — | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible assets | — | — | — | — | — | — | — | — |
| Other non-current assets | — | — | — | — | — | — | $0 | $1.1K |
| Accounts payable | $6.8M | $6.3M | $6.0M | $5.6M | $562.0K | $1.8M | $3.2M | $1.6M |
| Accrued liabilities | $1.3M | $2.1M | $1.1M | $991.0K | $2.0M | $929.0K | $1.5M | $977.5K |
| Other non-current liabilities | — | — | — | — | — | — | — | — |
| Common stock & paid-in capital | $3.0K | $2.0K | $1.0K | $1.0K | $0 | $0 | $0 | $341 |
| Retained earnings | -$401.0M | -$383.2M | -$367.5M | -$351.9M | -$336.1M | -$325.3M | -$314.9M | -$308.6M |
| Accumulated other comprehensive income (loss) | — | — | — | — | — | — | — | — |
Cash flow
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.2M | -$9.3M | -$13.4M | -$9.2M | -$6.3M | -$7.0M | -$3.5M | -$3.1M |
| Investing cash flow | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Financing cash flow | $13.4M | $30.5M | $11.6M | $3.1M | $278.0K | $23.6M | $67.0K | $92.0M |
| Capital expenditures | — | — | — | — | — | — | — | — |
| Share-based compensation | $3.3M | $2.8M | $4.8M | $5.6M | $4.6M | $4.1M | $970.0K | $14.0K |
| Change in inventory | — | — | — | — | — | — | — | — |
| Change in accounts payable | $449.0K | $305.0K | $432.0K | $5.0M | -$1.3M | -$1.3M | $1.6M | $708.0K |
| Purchases of investments | — | — | — | — | — | — | — | — |
| Debt repaid | — | — | — | — | — | — | — | — |
Income statement
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | -$56.4M | -$19.5M | -$8.2M | $11.1M | -$32.7M |
| Net income | -$52.6M | -$17.6M | -$7.7M | $11.0M | -$32.5M |
| EPS (diluted) | $-1.34 | $-1.15 | $-31.04 | — | — |
| EPS (basic) | $-1.34 | $-1.15 | $-31.04 | — | — |
Balance sheet
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Total assets | $104.2M | $96.7M | $11.7M | $3.4M | $6.0M |
| Total liabilities | $7.2M | $4.7M | $3.6M | $1.9M | $1.7M |
| Stockholders' equity | $97.1M | $92.0M | $8.1M | $1.5M | $4.2M |
| Total current assets | $104.2M | $96.7M | $11.7M | $3.2M | $5.7M |
| Total current liabilities | $7.2M | $4.7M | $3.6M | $1.8M | $1.6M |
| Cash & equivalents | $97.6M | $94.9M | $9.8M | $2.1M | $5.6M |
| Marketable securities (current) | — | — | — | — | $0 |
| Accounts receivable | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Other current assets | $1.0M | $64.0K | $252.0K | $345.9K | $0 |
| Marketable securities (non-current) | — | — | — | — | — |
| Property, plant & equipment | — | — | $0 | $7.2K | $7.1K |
| Goodwill | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Other non-current assets | — | $0 | $1.0K | $9.6K | $8.4K |
| Accounts payable | $6.0M | $3.2M | $2.1M | $448.4K | $859.6K |
| Accrued liabilities | $1.1M | $1.5M | $1.0M | $775.0K | $704.3K |
| Other non-current liabilities | — | — | — | — | — |
| Common stock & paid-in capital | $1.0K | $0 | $0 | $3 | $2.5K |
| Retained earnings | -$367.5M | -$314.9M | -$297.3M | -$289.5M | -$278.5M |
| Accumulated other comprehensive income (loss) | — | — | — | — | $0 |
Cash flow
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Operating cash flow | -$35.8M | -$14.8M | -$5.9M | -$11.4M | -$10.9M |
| Investing cash flow | — | $0 | $3.0K | -$2.3K | $452.6K |
| Financing cash flow | $38.5M | $99.9M | $13.6M | $7.9M | $9.7M |
| Free cash flow | — | — | — | -$11.4M | -$10.9M |
| Capital expenditures | — | — | — | $2.3K | $5.3K |
| Share-based compensation | $19.2M | $1.1M | $191.0K | — | — |
| Change in inventory | — | — | — | — | — |
| Change in accounts payable | $2.9M | $1.1M | $1.7M | — | — |
| Purchases of investments | — | — | — | $0 | $345.5K |
| Debt repaid | — | — | — | — | $244.7K |
Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.
Institutional holders
SEC Form 13F filers holding TENX as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.
Insider activity
Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2025-11-17 to 2026-10-21
Recent transactions
- Insiders have net bought 3,688,574 shares over the last 182 days, across 14 purchases and 0 sales.
- Most recent: ADAR1 Capital Management, LLC (10% owner) — Open market purchase of 331,979 shares on 2026-10-21.
Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.
Insider purchases & sales, last 6 months
Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.
Insider roster
| Name | Title | Most Recent Transaction | Date | Shares |
|---|---|---|---|---|
| ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 2026-10-21 | 331,979 |
| Doogan Declan | Reporting person | Open market purchase | 2026-09-16 | 53,000 |
| Giordano Christopher Thomas | CEO | Open market purchase | 2026-09-15 | 4,850 |
| STAAB THOMAS R II | Chief Financial Officer | Open market purchase | 2026-09-11 | 5,675 |
| Rich Stuart | Chief Medical Officer | Open market purchase | 2025-12-09 | 2,500 |
| Almenoff June Sherie | Director | Open market purchase | 2025-11-18 | 1,900 |
| MCGAULEY THOMAS | Interim CFO | Open market purchase | 2025-11-17 | 2,000 |
Recent transactions
| Date | Insider | Title | Transaction | Shares | Price |
|---|---|---|---|---|---|
| 2026-10-21 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 331,979 | $1.66 |
| 2026-10-20 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 254,342 | $1.60 |
| 2026-10-19 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 336,528 | $1.51 |
| 2026-09-16 | Doogan Declan | Reporting person | Open market purchase | 53,000 | $1.92 |
| 2026-09-15 | Giordano Christopher Thomas | CEO | Open market purchase | 4,850 | $1.82 |
| 2026-09-11 | Giordano Christopher Thomas | CEO | Open market purchase | 6,000 | $1.88 |
| 2026-09-11 | STAAB THOMAS R II | Chief Financial Officer | Open market purchase | 5,675 | $1.94 |
| 2026-09-03 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 900,000 | $1.78 |
| 2026-09-02 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 187,704 | $1.80 |
| 2026-09-01 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 179,058 | $1.80 |
| 2026-08-31 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 403,571 | $1.79 |
| 2026-08-24 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 107,374 | $1.75 |
| 2026-08-21 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 716,369 | $1.77 |
| 2026-08-20 | ADAR1 Capital Management, LLC | 10% owner | Open market purchase | 202,124 | $1.78 |
| 2026-07-13 | Giordano Christopher Thomas | CEO | Option exercise | 219 | $3.55 |
| 2026-07-13 | Giordano Christopher Thomas | CEO | Option exercise | 8,500 | $5.94 |
| 2026-05-11 | STAAB THOMAS R II | Chief Financial Officer | Grant / award | 10,000 | $0.00 |
| 2025-12-09 | Rich Stuart | Chief Medical Officer | Open market purchase | 2,500 | $10.22 |
| 2025-12-08 | Rich Stuart | Chief Medical Officer | Open market purchase | 2,500 | $10.10 |
| 2025-12-04 | Rich Stuart | Chief Medical Officer | Open market purchase | 2,500 | $9.20 |
| 2025-12-03 | Rich Stuart | Chief Medical Officer | Open market purchase | 1,500 | $9.08 |
| 2025-12-02 | Rich Stuart | Chief Medical Officer | Open market purchase | 1,000 | $9.01 |
| 2025-11-20 | Giordano Christopher Thomas | CEO | Open market purchase | 538 | $7.59 |
| 2025-11-19 | Giordano Christopher Thomas | CEO | Open market purchase | 455 | $7.51 |
| 2025-11-18 | Giordano Christopher Thomas | CEO | Open market purchase | 1,612 | $7.75 |
| 2025-11-18 | Almenoff June Sherie | Director | Open market purchase | 1,900 | $7.52 |
| 2025-11-17 | MCGAULEY THOMAS | Interim CFO | Open market purchase | 2,000 | $7.34 |
| 2025-11-17 | MCGAULEY THOMAS | Interim CFO | Open market purchase | 1,000 | $7.35 |
| 2025-11-17 | MCGAULEY THOMAS | Interim CFO | Open market purchase | 5,000 | $7.23 |
| 2025-11-17 | Almenoff June Sherie | Director | Open market purchase | 93 | $7.15 |
Recent SEC filings
Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR submissions · updated 2026-10-21 23:41 UTC
| Filed | Form | Report period | Official filing |
|---|---|---|---|
| 2026-10-21 | 4 | 2026-10-19 | View on SEC.gov → |
| 2026-10-08 | 8-K | 2026-10-08 | View on SEC.gov → |
| 2026-09-17 | 4 | 2026-09-16 | View on SEC.gov → |
| 2026-09-15 | 4 | 2026-09-11 | View on SEC.gov → |
| 2026-09-15 | 4 | 2026-09-11 | View on SEC.gov → |
| 2026-09-09 | 8-K | 2026-09-09 | View on SEC.gov → |
| 2026-09-08 | 4 | 2026-09-03 | View on SEC.gov → |
| 2026-09-02 | 4 | 2026-08-31 | View on SEC.gov → |
| 2026-08-24 | 4 | 2026-08-20 | View on SEC.gov → |
| 2026-08-10 | 8-K | 2026-08-10 | View on SEC.gov → |
| 2026-07-31 | 10-Q | 2026-06-30 | View on SEC.gov → |
| 2026-07-31 | 8-K | 2026-07-31 | View on SEC.gov → |
Recent news
Headlines about TENX (Tenax Therapeutics, Inc.). Links open the publisher — we don’t host full articles.
-
Adar1 Capital Management, a 10% owner, buys $1.46m of Tenax Therapeutics
Investing.com India · 2026-10-22 -
Funds buy 331,979 Tenax Therapeutics (TENX) shares at an average $1.6588 on October 21.
Stock Titan · 2026-10-21 -
TENX Jan 2028 1.500 call (TENX280121C00001500) Interactive Stock Chart
Yahoo! Finance Canada · 2026-10-19 -
TENX Nov 2026 2.000 put (TENX261120P00002000) Interactive Stock Chart
Yahoo! Finance Canada · 2026-10-16 -
Three parties each report 1.36M shares of Tenax Therapeutics (TENX).
Stock Titan · 2026-10-15 -
TENX Nov 2026 2.000 call (TENX261120C00002000) Interactive Stock Chart
Yahoo! Finance Canada · 2026-10-15 -
TENX Nov 2026 2.500 call (TENX261120C00002500) Stock Price, News, Quote & History
Yahoo! Finance Canada · 2026-10-15 -
TENX Nov 2026 2.000 put (TENX261120P00002000) Stock Price, News, Quote & History
Yahoo! Finance Canada · 2026-10-15
No headlines in this category right now — try “All”.