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10-K2026-03-31· glm-5

LIXTW · NOMAD Power Solutions, Inc.

0001493152-26-014052

SEC filing

Summary

Lixte Biotechnology Holdings, Inc. reported widening operating and net losses for FY 2025, driven by increased administrative expenses and a strategic pivot toward the Liora proton therapy acquisition. The company maintained steady cash usage in operations while navigating a significant transition in its clinical development strategy.

Key takeaways

Full analysis

Strategic Transition and Operating Performance

Research and Development Shifts

Clinical Program Operations

Liquidity and Cash Flow

Cash flow from operating activities remained consistent year-over-year, with net cash used in operations totaling approximately -$3.1 million in FY 2025 compared to -$3.2 million in FY 2024. This stability in operational cash consumption occurred despite the widening accounting losses, reflecting the non-cash nature of certain expenses and careful working capital management during a period of strategic transition.