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RenovoRx Inc

renovorx.com

What Do They Do?

Sells a drug-delivery catheter to cancer centers and develops cancer therapies designed to deliver chemotherapy near tumors.

How Do They Make Money?

End users buy RenovoCath directly, usually through purchase orders; payment is generally due 30–90 days after shipment.

FY2025 revenue

Who Are Their Customers?

RenovoRx sells directly to end users, mainly U.S. cancer centers, using customer purchase orders.

Customers above 10% of revenue, FY2025
of revenue from three customers (23%, 22%, 21%)

Do Revenues Turn Into Profits?

No. It lost $11.2M in FY2025.

Operating income, FY2025
−1114% of revenue
▲ +14% (Loss) vs FY2024 (−$11M, −25512%)
Net income, FY2025
−994% of revenue
▲ +27% (Loss) vs FY2024 (−$8.8M, −20498%)
Free cash flow, FY2025
−977% of revenue
▲ +20% (Loss) vs FY2024 (−$9.1M, −21249%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +115%
vs $422K in Q2 FY2025
Net income
▲ +1% (Loss)
vs −$2.9M in Q2 FY2025
  • Aug 20, 2026 Regained Nasdaq minimum-bid-price compliance Nasdaq confirmed the stock met the $1.00 minimum bid-price requirement for ten consecutive business days, closing the matter.
  • Jul 2, 2026 Nasdaq extended the deadline to meet the minimum bid-price rule Nasdaq gave RenovoRx another 180 calendar days, through December 28, 2026, to regain compliance; otherwise its stock could be delisted.

Standalone device sales The older report focuses on RenovoGem as a clinical-stage drug-device candidate; the latest report also describes commercializing RenovoCath as a standalone device, alongside continued clinical development of IAG.

Who Do They Compete With?

Competes with Novocure, Revolution Medicines, FibroGen, and TriSalus Life Sciences

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