PFX

MKT CAP:$80M

PhenixFIN Corporation

Market Cap

$80M

Financial Services·Asset Management·🇺🇸 United States·NASDAQ

Financials·Asset Management·🇺🇸·NASDAQ

Stock Price

$39.50-$5.33 (-11.89%)

Apr 22, 2026

Company Details

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; bui...

CEO

David Aaron Lorber

IPO Date

Jan 20, 2011

Website

www.phenixfc.com

Key Metrics TTM

Revenue

$22M

-34.3% YoY

Net Income

-$3M

EPS (Diluted)

-$1.52

Free Cash Flow

-$13M

Revenue / Share

$11.05

Gross Margin

70.9%

Operating Margin

9.4%

Net Margin

-13.9%

FCF Margin

-57.3%

P/S

3.6x

P/E

—

Earnings Reports

Q2 2026

May 5, 2026

PENDING

Q1 2026

Feb 9, 2026

$7M+4.2%EPS -$2.38

FY 2025

Dec 12, 2025

$13M-62.1%EPS $2.06

Q4 2025

Dec 12, 2025

$7M-33.8%EPS $2.04

Q3 2025

Aug 6, 2025

$3M-49.8%EPS -$0.74

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$5M	$4M	$3M
Q3 22	-$6M	-$7M	-$9M
Q4 22	-$1M	-$3M	-$5M
Q1 23	$7M	$6M	$4M
Q2 23	$10M	$8M	$7M
Q3 23	$13M	$11M	$9M
Q4 23	$11M	$10M	$7M
Q1 24	$9M	$7M	$5M
Q2 24	$9M	$8M	$5M
Q3 24	$7M	$5M	$3M
Q4 24	$10M	$9M	$5M
Q1 25	$7M	$5M	$2M
Q2 25	$4M	$2M	-$566.5K
Q3 25	$3M	$786.0K	-$2M
Q4 25	$7M	$6M	$6M
Q1 26	$7M	$7M	-$2M

Valuation

Quarter	P/S	P/E
Q2 22	4.0x	10.4x
Q3 22	20.0x	—
Q4 22	12.7x	—
Q1 23	15.1x	—
Q2 23	8.3x	—
Q3 23	2.9x	5.3x
Q4 23	2.0x	3.0x
Q1 24	1.9x	2.9x
Q2 24	1.9x	3.0x
Q3 24	2.2x	4.0x
Q4 24	2.3x	4.3x
Q1 25	2.4x	4.8x
Q2 25	2.8x	7.8x
Q3 25	3.2x	12.9x
Q4 25	3.7x	19.2x
Q1 26	3.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$9M	-$9M
Q3 22	-$13M	-$13M
Q4 22	$3M	$3M
Q1 23	-$5M	-$5M
Q2 23	-$7M	-$7M
Q3 23	-$5M	-$5M
Q4 23	-$4M	-$4M
Q1 24	$7M	$7M
Q2 24	$9M	$9M
Q3 24	-$8M	-$8M
Q4 24	$9M	$9M
Q1 25	-$66M	-$66M
Q2 25	$9M	$9M
Q3 25	-$7M	-$7M
Q4 25	-$13M	-$13M
Q1 26	-$2M	-$2M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-48.1%	-9.4%
Q3 22	-156.5%	+6.1%
Q4 22	+61.8%	-2.1%
Q1 23	-12.8%	-5.4%
Q2 23	+79.7%	+25.2%
Q3 23	+316.9%	+4.9%
Q4 23	+879.0%	+18.2%
Q1 24	+22.0%	+31.4%
Q2 24	-3.9%	+30.3%
Q3 24	-45.3%	+17.5%
Q4 24	-7.5%	+33.7%
Q1 25	-17.5%	+14.4%
Q2 25	-52.6%	+23.6%
Q3 25	-49.8%	+17.5%
Q4 25	-33.8%	-85.6%
Q1 26	+4.2%	+101.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	—
Q4 22	$0	—
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 22	$855.6K
Q3 22	$1M
Q4 22	$1M
Q1 23	$963.9K
Q2 23	$954.2K
Q3 23	$927.0K
Q4 23	$1M
Q1 24	$1M
Q2 24	$995.7K
Q3 24	$1M
Q4 24	$927.9K
Q1 25	$1M
Q2 25	$1M
Q3 25	$1M
Q4 25	$3.2B
Q1 26	$750M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$59M	$0	$59M
Q2 22	$38M	$0	$38M
Q3 22	$24M	$0	$24M
Q4 22	$23M	$0	$23M
Q1 23	$18M	$0	$18M
Q2 23	$11M	$0	$11M
Q3 23	$11M	$0	$11M
Q4 23	$6M	$0	$6M
Q1 24	$12M	$0	$12M
Q2 24	$19M	$0	$19M
Q3 24	$9M	$0	$9M
Q4 24	$68M	$0	$68M
Q1 25	$7M	$0	$7M
Q2 25	$9M	$0	$9M
Q3 25	$7M	$0	$7M
Q4 25	$7M	$3M	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	2M	-4.7%	-11.7%
Q3 22	2M	-8.2%	-17.9%
Q4 22	2M	-1.2%	-15.9%
Q1 23	2M	-3.4%	-16.5%
Q2 23	2M	-0.3%	-12.6%
Q3 23	2M	-0.2%	-5.1%
Q4 23	2M	-0.4%	-4.3%
Q1 24	2M	-0.5%	-1.3%
Q2 24	2M	-1.2%	-2.2%
Q3 24	2M	-1.4%	-3.4%
Q4 24	2M	+1.0%	-2.0%
Q1 25	2M	-1.0%	-2.6%
Q2 25	2M	0.0%	-1.4%
Q3 25	2M	-0.1%	-0.1%
Q4 25	2M	-0.7%	-1.8%
Q1 26	2M	-0.1%	-0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$498.1K	11
Q3 22	-$525.3K	11
Q4 22	-$159.1K	9
Q1 23	$778.5K	9
Q2 23	$1M	9
Q3 23	$1M	9
Q4 23	$1M	9
Q1 24	$949.6K	9
Q2 24	$1M	9
Q3 24	$762.6K	9
Q4 24	$1M	9
Q1 25	$783.9K	9
Q2 25	$498.5K	9
Q3 25	$382.9K	9
Q4 25	$145.3K	47
Q1 26	$156.5K	47

Revenue / Employee