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    TENX

    TENAX THERAPEUTICS, INC.

    Company overview

    Market capitalization
    $69.23M
    Employees
    14
    Latest publication
    2026-09-29
    About TENAX THERAPEUTICS, INC.

    Tenax Therapeutics, Inc., a development-stage pharmaceutical company, develops novel cardiopulmonary therapies in the United States. It develops TNX-101, TNX-102, and TNX-103 (levosimendan) that have completed phase II clinical trials for the treatment of patients with pulmonary hypertension in heart failure with preserved ejection fraction and associated pulmonary hypertension; and TNX-201 (imatinib), a tyrosine kinase inhibitor for the treatment of chronic myeloid leukemia. The company was formerly known as Oxygen Biotherapeutics, Inc. and changed its name to Tenax Therapeutics, Inc. in September 2014. Tenax Therapeutics, Inc. was founded in 1967 and is headquartered in Chapel Hill, North Carolina.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Revenue0USD0USD0USD0USD0USD2,000USD0USD0USD
    Research Development11,539,000USD10,540,000USD10,328,000USD6,121,000USD5,683,000USD4,593,630USD3,112,085USD2,327,000USD
    Selling General Administrative5,034,000USD5,909,000USD6,478,000USD5,671,000USD5,655,000USD2,701,141USD1,506,796USD1,344,000USD
    Total Operating Expenses16,573,000USD16,449,000USD16,806,000USD11,792,000USD11,338,000USD7,294,772USD-4,618,881USD3,671,000USD
    Operating Income-16,573,000USD-16,449,000USD-16,806,000USD-11,792,000USD-11,338,000USD-7,294,772USD4,618,881USD-3,671,000USD
    Interest Income861,000USD918,000USD1,017,000USD954,000USD930,000USD1,026,943USD664,724USD104,883USD
    Net Interest Income861,000USD918,000USD1,017,000USD954,000USD930,000USD1,027,408USD658,412USD95,694USD
    Income Before Tax-15,716,000USD-15,540,000USD-15,804,000USD-10,847,000USD-10,408,000USD-6,267,018USD-3,960,469USD-3,575,000USD
    Net Income-15,716,000USD-15,540,000USD-15,804,000USD-10,847,000USD-10,408,000USD-6,267,018USD-3,960,469USD-3,575,000USD
    Net Income From Continuing Ops-15,716,000USD-15,540,000USD-15,804,000USD-10,847,000USD-10,408,000USD-6,267,018USD-3,960,469USD-3,575,673USD
    Ebitda-16,573,000USD-15,540,000USD-15,804,000USD-10,847,000USD-10,408,000USD-6,267,019USD-3,954,157USD-3,566,000USD
    Total Other Income Expense Net857,000USD909,000USD1,002,000USD945,000USD930,000USD1,027,754USD-8,579,350USD96,000USD
    Interest Expense—0USD0USD0USD0USD464USD6,312USD9,189USD
    Ebit———-11,792,000USD-11,338,000USD-6,312,018USD-3,952,265USD-3,566,488USD
    Cost Of Revenue—————1,000USD—1,000USD
    Gross Profit—————1,000USD—-1,000USD
    Selling And Marketing Expenses—————1USD—1,000USD
    Depreciation And Amortization—————44,999USD-1,892USD1,000USD
    Reconciled Depreciation—————0USD0USD0USD
    Unclassified Operating Expenses——————-9,237,762USD—
    Income Tax Expense——————3,960,469USD—
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    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Revenue0USD0USD0USD0USD0USD0USD0USD0USD
    Research Development32,672,000USD12,709,000USD3,229,000USD5,377,412USD25,147,394USD4,560,724USD3,471,153USD1,239,300USD
    Selling General Administrative23,713,000USD6,785,000USD5,005,000USD5,675,231USD7,580,847USD5,307,206USD5,084,111USD5,653,980USD
    Total Operating Expenses56,385,000USD19,494,000USD8,234,000USD11,052,643USD32,728,241USD9,753,182USD8,555,264USD6,893,280USD
    Operating Income-56,385,000USD-19,494,000USD-8,234,000USD-11,052,643USD-32,728,241USD-9,867,930USD-8,555,264USD-6,893,280USD
    Interest Income3,819,000USD1,914,000USD484,000USD—————
    Interest Expense0USD23,000USD23,967USD4,443USD949USD1,627USD0USD0USD
    Net Interest Income3,819,000USD1,891,000USD345,064USD-4,443USD-949USD-1,627USD——
    Income Before Tax-52,599,000USD-17,602,000USD-7,711,000USD-11,047,895USD-32,474,358USD-9,851,391USD-8,394,363USD-6,813,445USD
    Net Income-52,599,000USD-17,602,000USD-7,711,000USD-11,047,895USD-32,474,358USD-9,851,391USD-8,394,363USD-6,813,445USD
    Net Income From Continuing Ops-52,599,000USD-17,602,000USD-7,033,875USD-11,047,895USD-32,474,358USD-9,851,391USD-8,394,363USD-6,813,445USD
    Ebitda-56,385,000USD-17,579,000USD-7,679,000USD-10,930,120USD-32,364,427USD-9,735,012USD-8,550,247USD-6,884,264USD
    Total Other Income Expense Net3,786,000USD1,892,000USD523,000USD4,748USD253,883USD16,539USD160,901USD79,835USD
    Ebit—-17,625,000USD-7,687,000USD-11,043,452USD-32,473,409USD-9,849,760USD-8,555,264USD-6,893,279USD
    Depreciation And Amortization—46,000USD8,000USD113,332USD108,982USD114,748USD5,017USD9,015USD
    Reconciled Depreciation—0USD32,066USD113,332USD108,982USD114,748USD107,279USD9,016USD
    Cost Of Revenue——7,570USD113,332USD108,982USD114,748USD107,279USD9,015USD
    Gross Profit——-7,570USD-113,332USD-108,982USD-114,748USD-107,279USD-9,015USD
    Selling And Marketing Expenses——7,570USD—————
    Income Tax Expense——1USD-4,748USD255,781USD19,793USD-64,581USD-79,835USD
    Net Income Applicable To Common Shares————-32,474,358USD-9,851,391USD-8,394,363USD-14,144,049USD
    Non Operating Income Net Other—————18,166USD160,901USD79,835USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets121,663,000USD123,178,000USD104,227,000USD102,810,000USD105,857,000USD112,059,000USD96,686,000USD99,784,745USD
    Cash And Equivalents117,976,000USD———————
    Total Current Assets121,663,000USD123,178,000USD104,227,000USD102,810,000USD105,857,000USD112,059,000USD96,686,000USD99,783,628USD
    Other Current Assets272,000USD4,423,000USD6,662,000USD3,441,000USD395,000USD612,000USD1,835,000USD1,472,710USD
    Total Liabilities8,073,000USD———————
    Total Current Liabilities8,073,000USD8,486,000USD7,156,000USD6,599,000USD2,527,000USD2,768,000USD4,693,000USD2,561,690USD
    Other Current Liabilities1,278,000USD———————
    Total Stockholder Equity113,590,000USD114,692,000USD97,071,000USD96,211,000USD103,330,000USD109,291,000USD91,993,000USD97,223,055USD
    Total Equity Including Noncontrolling Interest113,590,000USD———————
    Accounts Payable6,795,000USD6,346,000USD6,041,000USD5,608,000USD562,000USD1,839,000USD3,157,000USD1,584,145USD
    Common Stock3,000USD2,000USD1,000USD1,000USD———341USD
    Retained Earnings-400,973,000USD-383,170,000USD-367,454,000USD-351,914,000USD-336,110,000USD-325,263,000USD-314,855,000USD-308,587,735USD
    Total Liab—8,486,000USD7,156,000USD6,599,000USD2,527,000USD2,768,000USD4,693,000USD2,561,690USD
    Other Current Liab—2,140,000USD1,115,000USD991,000USD1,965,000USD929,000USD1,536,000USD977,545USD
    Capital Stock—2,000USD1,000USD1,000USD0USD0USD0USD341USD
    Cash—118,755,000USD97,565,000USD99,369,000USD105,462,000USD111,447,000USD94,851,000USD98,310,918USD
    Cash And Short Term Investments—118,755,000USD97,565,000USD99,369,000USD105,462,000USD111,447,000USD94,851,000USD98,310,918USD
    Net Debt—-118,755,000USD-97,565,000USD-99,369,000USD-105,462,000USD-111,447,000USD-94,851,000USD-98,310,918USD
    Common Stock Shares Outstanding—45,226,328shares39,217,244shares39,741,404shares39,572,177shares36,584,920shares15,271,705shares21,161,143shares
    Non Current Assets Total—0USD0USD0USD0USD0USD0USD1,117USD
    Non Current Liabilities Total—0USD0USD0USD0USD0USD0USD0USD
    Net Working Capital—114,692,000USD97,071,000USD96,211,000USD103,330,000USD109,291,000USD91,993,000USD97,221,938USD
    Unclassified Equity—497,858,000USD464,523,000USD448,123,000USD439,440,000USD434,554,000USD406,848,000USD405,810,108USD
    Non Currrent Assets Other———————1,117USD
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    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets104,227,000USD96,686,000USD11,684,627USD3,404,709USD5,992,235USD6,868,691USD6,365,271USD13,337,200USD
    Other Current Assets6,662,000USD1,835,000USD1,891,380USD1,084,783USD105,078USD82,578USD780,952USD458,286USD
    Total Liab7,156,000USD4,693,000USD3,586,520USD1,911,968USD1,747,567USD2,243,129USD2,592,774USD1,565,669USD
    Total Stockholder Equity97,071,000USD91,993,000USD8,098,107USD1,492,741USD4,244,668USD4,625,562USD3,772,497USD11,771,531USD
    Other Current Liab1,115,000USD1,536,000USD1,012,468USD655,652USD597,148USD1,180,237USD759,988USD815,855USD
    Common Stock1,000USD—30USD4,584USD2,521USD1,262USD674USD379USD
    Capital Stock1,000USD0USD30USD4,584USD2,521USD1,262USD678USD664USD
    Retained Earnings-367,454,000USD-314,855,000USD-297,252,753USD-289,542,080USD-278,494,185USD-246,019,827USD-236,168,436USD-227,801,743USD
    Cash97,565,000USD94,851,000USD9,792,130USD2,123,682USD5,583,922USD6,250,241USD4,905,993USD12,367,321USD
    Cash And Short Term Investments97,565,000USD94,851,000USD9,792,130USD2,123,682USD5,583,922USD6,712,928USD5,399,877USD12,861,954USD
    Total Current Assets104,227,000USD96,686,000USD11,683,510USD3,208,465USD5,689,000USD6,795,506USD6,180,829USD13,320,240USD
    Total Current Liabilities7,156,000USD4,693,000USD3,586,520USD1,847,772USD1,563,978USD2,118,963USD2,532,395USD1,565,669USD
    Net Debt-97,565,000USD-94,851,000USD-9,291,227USD-1,315,791USD-5,293,141USD-5,945,205USD-4,734,261USD-12,367,321USD
    Accounts Payable6,041,000USD3,157,000USD2,073,149USD448,425USD859,638USD757,856USD1,661,054USD749,814USD
    Common Stock Shares Outstanding39,217,244shares15,271,705shares248,447shares18,391shares12,860shares4,635shares3,872shares915shares
    Non Current Assets Total0USD0USD1,117USD196,244USD303,235USD73,185USD184,442USD16,960USD
    Non Current Liabilities Total0USD0USD0USD64,196USD183,589USD124,166USD60,379USD749,814USD
    Net Working Capital97,071,000USD91,993,000USD8,096,990USD1,360,693USD4,125,022USD4,676,543USD3,648,434USD11,754,571USD
    Unclassified Equity464,523,000USD406,848,000USD305,350,800USD291,025,653USD282,733,811USD250,642,935USD239,939,123USD239,571,715USD
    Current Deferred Revenue——1USD—————
    Short Term Debt——500,903USD743,695USD107,192USD180,870USD111,353USD—
    Short Long Term Debt——500,903USD624,302USD—120,491USD——
    Short Long Term Debt Total——500,903USD807,891USD290,781USD305,036USD171,732USD—
    Property Plant Equipment Net——0USD186,692USD294,800USD64,750USD176,007USD8,525USD
    Property Plant Equipment Gross——0USD186,692USD294,800USD5,972USD176,007USD8,525USD
    Non Currrent Assets Other——1,117USD9,552USD8,435USD8,435USD8,435USD8,435USD
    Other Assets————8,435USD8,435USD8,435USD8,435USD
    Short Term Investments————0USD462,687USD493,884USD494,633USD
    Net Tangible Assets————4,244,668USD4,625,562USD3,772,493USD11,771,246USD
    Long Term Debt—————124,166USD——
    Accumulated Other Comprehensive Income—————-70USD458USD516USD
    Non Current Liabilities Other——————60,379USD—
    Long Term Investments———————0USD
    Net Receivables———————0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-15,716,000USD37,059,000USD-15,804,000USD-10,847,000USD-10,408,000USD-6,267,018USD-3,960,469USD-3,575,000USD
    Stock Based Compensation2,838,000USD-14,373,000USD5,622,000USD4,609,000USD4,142,000USD1,125,000USD14,000USD22,000USD
    Other Non Cash Items15,716,000USD-33,436,000USD5,622,000USD4,609,000USD4,142,000USD969,097USD20,900USD9,000USD
    Change In Working Capital3,569,000USD-2,665,000USD1,026,999USD-25,000USD-701,000USD1,770,888USD852,271USD513,000USD
    Total Cash From Operating Activities-9,309,000USD-13,415,000USD-9,155,000USD-6,263,000USD-6,967,000USD-3,527,033USD-3,087,298USD-3,031,000USD
    Capital Expenditures0USD0USD0USD0USD0USD-3USD-2USD-1USD
    Free Cash Flow-9,309,000USD-13,415,000USD-9,155,000USD-6,263,000USD-6,967,000USD-3,527,030USD-3,087,300USD-3,031,000USD
    Total Cash From Financing Activities30,499,000USD11,611,000USD3,062,000USD278,000USD23,563,000USD67,245USD92,014,201USD-134,000USD
    Change In Cash21,190,000USD-1,804,000USD-6,093,000USD-5,985,000USD16,596,000USD-3,459,918USD88,926,903USD-3,165,000USD
    Begin Period Cash Flow97,565,000USD99,369,000USD105,462,000USD111,447,000USD94,851,000USD98,310,918USD9,384,015USD12,549,000USD
    End Period Cash Flow118,755,000USD97,565,000USD99,369,000USD105,462,000USD111,447,000USD94,851,000USD98,310,918USD9,384,000USD
    Unclassified Operating Cash Flow-15,716,000USD—-5,621,999USD-4,609,000USD-4,142,000USD-1,125,000USD——
    Change To Account Receivables—-1,222,776USD1,222,776USD-1,224,000USD1,224USD-360,670USD-240,931USD677,601USD
    Net Borrowings—0USD0USD0USD0USD-97USD-279,000USD—
    Other Cashflows From Financing Activities—11,611,000USD3,062,000USD—23,563,000USD67,342USD681,480USD-134USD
    Investments——0USD0USD0USD0USD0USD0USD
    Depreciation—————0USD0USD1,000USD
    Issuance Of Capital Stock——————91,952,263USD0USD
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    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income-52,599,000USD-17,602,000USD-7,711,000USD-11,047,895USD-32,474,358USD-9,851,391USD-8,394,363USD-14,144,049USD
    Stock Based Compensation19,163,000USD1,125,000USD191,000USD365USD774USD353USD271USD190,083USD
    Other Non Cash Items19,163,000USD23,000USD25,000USD366,856USD22,119,261USD361,342USD270,508USD7,430,966USD
    Change In Working Capital-2,364,000USD1,643,000USD1,583,000USD-1,445,166USD-610,088USD102,445USD460,399USD606,752USD
    Total Cash From Operating Activities-35,800,000USD-14,811,000USD-5,904,000USD-12,012,873USD-10,856,203USD-9,272,856USD-7,556,177USD-5,499,461USD
    Capital Expenditures0USD0USD-2,843USD-2,327USD-5,252USD-3,490USD-3,573USD-7,595USD
    Free Cash Flow-35,800,000USD-14,811,000USD-5,904,000USD-12,015,200USD-10,861,455USD-9,276,346USD-7,559,750USD-5,507,056USD
    Net Borrowings0USD-501,000USD-624,000USD0USD0USD244,657USD244,657USD244,657USD
    Total Cash From Financing Activities38,514,000USD99,870,000USD13,569,000USD8,554,956USD9,737,275USD10,596,995USD96,500USD8,907,174USD
    Change In Cash2,714,000USD85,059,000USD7,668,000USD-3,460,240USD-666,319USD1,344,248USD-7,461,328USD10,762,511USD
    Begin Period Cash Flow94,851,000USD9,792,000USD2,124,000USD5,583,922USD6,250,241USD4,905,993USD12,367,321USD1,604,810USD
    End Period Cash Flow97,565,000USD94,851,000USD9,792,000USD2,123,682USD5,583,922USD6,250,241USD4,905,993USD12,367,321USD
    Other Cashflows From Financing Activities38,514,000USD100,371,000USD14,193,000USD7,930,654USD544,651USD1,693,161USD96,500USD25,144,952USD
    Unclassified Operating Cash Flow-19,163,000USD———————
    Depreciation—0USD8,000USD113,332USD108,982USD114,748USD107,279USD9,016USD
    Change To Account Receivables—58,000USD-306,000USD-980,822USD-22,500USD698,374USD-322,666USD-122,605USD
    Investments—0USD6,843USD-2,323USD457,861USD23,599USD1,923USD7,362,393USD
    Change To Inventory——305,694USD—544,589USD535,550USD-883,042USD-729,357USD
    Total Cashflows From Investing Activities——3,000USD-2,323USD452,609USD20,109USD-1,651USD7,354,798USD
    Other Cashflows From Investing Activities——3,000USD—458USD24USD2USD7,362USD
    Change To Liabilities————-544,589USD-535,550USD783,065USD729,357USD
    Issuance Of Capital Stock————9,192,624USD8,659,177USD2,130,005USD8,907,174USD
    Sale Purchase Of Stock—————10,352,338USD96,500USD8,907,174USD
    Cash And Cash Equivalents Changes—————1,344,248USD-7,461,328USD10,762,511USD
    Unclassified Financing Cash Flow—————-1,693,161USD—-18,059,005USD
    Dividends Paid———————-7,330,604USD
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    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.