Liminatus Pharma, Inc. Financial Summary

Complete Filing Data

Liminatus Pharma, Inc. reported Net Income Loss of -$10.21 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Liminatus Pharma, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024
Net Income *-$10.2M-$3.5M
Operating Income Loss-$3.0M-$3.3M
Operating Expenses$3.0M$3.3M
Nonoperating Income Expense-$7.2M-$216.4K
Interest Expense Nonoperating$215.9K$338.9K
General And Administrative Expense$3.0M$644.6K
Research And Development Expense$2.7M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024
Net Income *-$1.8M$113.3K-$327.5K-$601.4K-$961.2K-$1.8M
Operating Income Loss-$701.2K-$1.1M-$255.00-$543.1K-$909.2K-$247.00
Operating Expenses$701.2K$1.1M$543.1K$909.2K
Nonoperating Income Expense-$1.1M$1.2M-$58.2K-$52.0K
Interest Expense Nonoperating$19.1K$62.3K$92.7K$77.2K
General And Administrative Expense$701.2K$1.1M$186.1K$195.1K
Research And Development Expense$357.1K$714.1K

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023
Stockholders Equity-$9.8M-$19.3M-$15.8M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$337.7K$56.3K$434.4K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$281.3K-$378.1K
Retained Earnings Accumulated Deficit-$38.9M-$28.7M
Liabilities$10.3M$24.7M
Property Plant And Equipment Net$12.2K$941.00
Prepaid Expense And Other Assets Current$162.9K$155.5K
Liabilities And Stockholders Equity$512.8K$5.4M
Assets Noncurrent$12.2K$127.2K
Assets Current$500.6K$5.3M
Assets$512.8K$5.4M
Accrued Interest Current$203.9K$955.1K
Accounts Payable And Accrued Liabilities Current$582.2K$1.5M
Other Receivable After Allowance For Credit Loss Noncurrent$126.3K
Deferred Costs Current$0.00$1.4M
Notes And Loans Receivable Net Current$3.7M
Common Stock Value$2.7K$1.8K
Common Stock Share Outstanding$27.1M$17.5M
Repayments Of Short Term Debt$1.3M
Liabilities Current$10.3M$24.7M
Accrued Maintenance Fee Current$360.0K
Equity Settlement Deferred Underwriting Fees Effect Of Change In Fair Value-$196.0K
Deferred Transaction Costs In Accounts Payable$561.4K
Gain Loss On Issuance Of Common Stock For Warrants-$1.7M
Forgiveness Of Unrelated Vendor Payable$2.1M
Deferred Underwriting Fees Payable In Cash Current$500.0K
Liabilities Assumed1$10.7M
Debt Conversion Original Debt Amount1$14.8M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Stockholders Equity-$1.6M-$8.8M-$19.7M-$19.1M-$18.5M-$17.5M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$724.5K$1.3M$47.0K$34.1K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$0.00$0.00
Retained Earnings Accumulated Deficit-$30.7M-$28.9M-$1.1K
Liabilities$3.0M$10.7M$1.1K
Property Plant And Equipment Net$12.8K$198.00
Prepaid Expense And Other Assets Current$478.9K$444.1K
Liabilities And Stockholders Equity$1.3M$1.9M
Assets Noncurrent$139.0K$126.5K
Assets Current$1.2M$1.8M
Assets$1.3M$1.9M
Accrued Interest Current$184.9K$165.8K
Accounts Payable And Accrued Liabilities Current$559.2K$431.9K
Other Receivable After Allowance For Credit Loss Noncurrent$126.3K$126.3K
Deferred Costs Current
Notes And Loans Receivable Net Current
Common Stock Value$2.7K$2.6K$0.00
Common Stock Share Outstanding$17.5M$17.5M$100.00
Repayments Of Short Term Debt
Liabilities Current$2.9M$10.5M
Accrued Maintenance Fee Current
Equity Settlement Deferred Underwriting Fees Effect Of Change In Fair Value$560.0K-$756.0K
Deferred Transaction Costs In Accounts Payable
Gain Loss On Issuance Of Common Stock For Warrants-$1.7M
Forgiveness Of Unrelated Vendor Payable$2.1M
Deferred Underwriting Fees Payable In Cash Current$500.0K$500.0K
Liabilities Assumed1
Debt Conversion Original Debt Amount1
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$0.00$0.00$0.00$0.00

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024
Net Cash Provided By Used In Operating Activities-$10.0M-$1.5M
Proceeds From Short Term Debt$4.3M$3.9M
Payments To Acquire Loans Receivable$775.0K$2.9M
Net Cash Provided By Used In Investing Activities-$788.1K-$2.9M
Net Cash Provided By Used In Financing Activities$11.0M$3.9M
Increase Decrease In Prepaid Deferred Expense And Other Assets-$324.6K$133.3K
Increase Decrease In Accrued Interest To Related Party Current-$215.9K-$338.9K
Increase Decrease In Accounts Payable And Accrued Liabilities-$4.0M-$10.7K
Increase Decrease In Due To Related Parties Current-$62.5K
Increase Decrease In Due To Research And Development Partner Current-$1.5M
Increase Decrease In Accrued Maintenance Fees Current-$360.0K
Increase Decrease In Due From Related Parties Current$3.4M
Proceeds From Issuance Of Private Placement$10.6M
Payments Of Merger Related Costs Financing Activities$2.6M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024
Net Cash Provided By Used In Operating Activities$0.00$0.00
Proceeds From Short Term Debt
Payments To Acquire Loans Receivable
Net Cash Provided By Used In Investing Activities
Net Cash Provided By Used In Financing Activities
Increase Decrease In Prepaid Deferred Expense And Other Assets
Increase Decrease In Accrued Interest To Related Party Current
Increase Decrease In Accounts Payable And Accrued Liabilities
Increase Decrease In Due To Related Parties Current
Increase Decrease In Due To Research And Development Partner Current
Increase Decrease In Accrued Maintenance Fees Current
Increase Decrease In Due From Related Parties Current
Proceeds From Issuance Of Private Placement
Payments Of Merger Related Costs Financing Activities

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024
Weighted Average Number Of Shares Outstanding Basic23.8M17.5M
Weighted Average Number Of Diluted Shares Outstanding23.8M17.5M
Earnings Per Share Diluted$-0.43$-0.20
Earnings Per Share Basic$-0.43$-0.20
Common Stock Shares Authorized500.0M500.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00
Preferred Stock Shares Authorized1.0M1.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00
Common Stock Shares Issued27.1M17.5M
Preferred Stock Shares Outstanding0.000.00
Preferred Stock Shares Issued0.000.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024
Weighted Average Number Of Shares Outstanding Basic27.0M23.3M100.0017.5M17.5M100.00
Weighted Average Number Of Diluted Shares Outstanding27.0M23.3M100.0017.5M17.5M100.00
Earnings Per Share Diluted$-0.07$0.00$-2.55$-0.03$-0.05$-2.47
Earnings Per Share Basic$-0.07$0.00$-2.55$-0.03$-0.05$-2.47
Common Stock Shares Authorized500.0M500.0M1.0K
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00
Preferred Stock Shares Authorized1.0M1.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00
Common Stock Shares Issued27.1M26.0M100.00
Preferred Stock Shares Outstanding0.000.00
Preferred Stock Shares Issued0.000.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024
Investment Income Interest$76.6K$122.5K
Additional Paid In Capital$29.1M$9.3M
Short Term Borrowings$1.4M$20.0M
Fair Value Adjustment Of Warrants-$54.3K$0.00
Warrants And Rights Outstanding$29.2K
Stock Issued Or Issuable To Underwriters Upon Consummation Of Business Combination$7.0M
Stock Issued During Period Value New Issues$15.0M
Stock Issued During Period Value Business Combination$190.4K
Stock Issued1$690.00
Noncash Conversion Of Amount Borrowed For Pipe Funds$3.4M
Merger Transaction Costs Incurred In Noncash Or Partial Noncash Transaction$1.5M
Loans Settled$4.4M
Depreciation$1.8K
Adjustments To Additional Paid In Capital Settlement Of Loans$4.4M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024
Investment Income Interest$24.4K$34.5K$25.2K
Additional Paid In Capital$29.1M$20.1M$10.00
Short Term Borrowings$1.4M$1.4M
Fair Value Adjustment Of Warrants-$76.9K$116.9K$0.00$0.00
Warrants And Rights Outstanding$123.6K$200.5K
Stock Issued Or Issuable To Underwriters Upon Consummation Of Business Combination
Stock Issued During Period Value New Issues$15.0M
Stock Issued During Period Value Business Combination$190.4K
Stock Issued1
Noncash Conversion Of Amount Borrowed For Pipe Funds
Merger Transaction Costs Incurred In Noncash Or Partial Noncash Transaction
Loans Settled
Depreciation
Adjustments To Additional Paid In Capital Settlement Of Loans$4.4M

Most recent annual filing with the SEC: March 31, 2026

Data sourced from SEC EDGAR public filings as of August 8, 2026.