0001104659-26-016487
SEC filingScorpius Holdings, Inc. reported a net loss attributable to the company of $984K for Q3 2025, with total revenue of $230K and cost of revenues of $145K. The company generated an operating loss of $4.7M, driven by total operating expenses of $5.0M, which included significant non-cash charges such as a $5.7M loss on lease assignment and termination. Total non-operating income of $3.5M, primarily from fair value changes in related party instruments, partially offset the operating loss. The balance sheet shows total assets of $20.8M against total liabilities of $27.7M, resulting in a stockholders' deficit of $7.0M. Cash flow from operations was negative $9.7M, but financing activities provided $9.2M, mainly from related party promissory notes and common stock issuance. The company ended the period with $1.0M in cash and cash equivalents.
Scorpius Holdings reported a net loss attributable to the company of $984K for the third quarter of 2025, compared to a net loss of $1.2M before accounting for non-controlling interests. Revenue for the quarter was $230K with a cost of revenues of $145K. The operating loss was $4.7M, stemming from total operating expenses of $5.0M, which included research and development costs of $2.5M and selling, general, and administrative expenses of $2.3M. Significant non-operating items, including a $3.5M total non-operating income, partially mitigated the operating loss. The company's comprehensive loss attributable to Scorpius Holdings was $1.0M.
Revenue for the quarter was $230K. The document does not provide a segment breakdown, geographic mix, or detailed growth drivers for revenue. Cost of revenues was $145K. No prior period revenue figures are provided in the XBRL data for quarter-over-quarter comparison.
Gross profit can be calculated as revenue minus cost of revenues: $230K - $145K = $85K. The operating loss was $4.7M, resulting from $5.0M in total operating expenses against the gross profit. Key expenses included research and development ($2.5M) and selling, general, and administrative ($2.3M). Non-cash charges such as the $5.7M loss on lease assignment and termination significantly impacted operating results. The net loss margin (net loss attributable to Scorpius over revenue) was approximately 428%.
Net cash used in operating activities was $9.7M, primarily due to the net loss of $1.2M adjusted for non-cash items like depreciation and amortization of $4.5M and various fair value changes. Investing activities provided $58K in cash, mainly from the $1.0M proceeds from the sale of an intellectual property license. Financing activities provided $9.2M, with major inflows from the issuance of related party promissory notes ($10.1M total) and common stock ($1.9M). The balance sheet shows total assets of $20.8M, including $2.1M in current assets and $18.7M in long-term assets like property and equipment ($8.4M) and finance lease right-of-use assets ($9.6M). Total liabilities were $27.7M, with current liabilities of $22.2M, including $8.9M in convertible promissory notes payable to related parties. Stockholders' equity was a deficit of $7.0M. The company ended the period with $1.0M in cash and cash equivalents.
The filing does not provide explicit management guidance, strategic priorities, or forward-looking statements in the provided content. No outlook or risk factors are disclosed in the extracted XBRL data or document text.