Company Analysis

Lexaria Bioscience Corp. (LEXX)

Nasdaq: LEXX · Pharmaceutical Preparations · Kelowna, BC · filing with the SEC since 2006
Grade5.4
◀ Past 5.3● Present 4.0▶ Future 6.8
2 est.

The grade of Lexaria Bioscience Corp.

Nine metrics read from its own filings, by tense
Headline grade
5.4/10
◀ Past5.325% of the headline
● Present4.035% of the headline
▶ Future6.840% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.8/10

Has it survived what it has been through?

5 warning events since 2017; the latest 2026-08-10.

weight 22% of this tense · 27th percentile among 497 sector filers · read for itself

From the record

Lexaria Bioscience Corp.'s filings since 2017 show 5 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 4 times, the latest 2026-08-10); an auditor change (8-K item 4.01, the latest 2022-11-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.5/10

What has it actually done, year after year?

+17.5% a year over 6 filed years; profitable in 0 of 6.

weight 45% of this tense · 45th percentile among 323 sector filers · read for its customers

From the record

Lexaria Bioscience Corp.'s 6 filed years say what it did: revenue went from $315 thousand in fiscal 2020 to $706 thousand in fiscal 2025, up 17.5% a year; it rose in 3 of 5 years; the deepest fall was 69% from fiscal 2021 to fiscal 2023; net income was positive in 0 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span17.5%top 42% of its family
  • the share of years revenue rosetop 50% of its family
  • the share of filed years with a profitbottom 27% of its family
  • the deepest fall from a revenue peak68.7%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
8.1/10

How has it treated the people who own it?

SI estimate 8.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 80th percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 20% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lexaria Bioscience Corp.'s shareholder treatment is put at 8.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 20% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.3/10

Is it financially healthy right now?

ROE -398%: lost 398¢ per shareholder dollar. Leverage 28%: owes 28¢ per asset dollar.

weight 45% of this tense · 33rd percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-08-31, Lexaria Bioscience Corp. lost about 398 cents for every dollar of shareholders' money, and gross profitability: its products earned about 17 cents per dollar of everything the company owns. Leverage: it owed about 28 cents per dollar of assets, and net share issuance: its share count grew 45.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 44% of its family
  • return on equitybottom 6% of its family
  • gross profit against assetsbottom 38% of its family
  • the share count against the year beforebottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 315 in its family; net margin -1686%.

weight 22% of this tense · 39th percentile among 315 sector filers · read for its customers

From the record

Lexaria Bioscience Corp.'s standing among 315 graded names in its industry family: revenue of $706 thousand in fiscal 2025 ranks in the bottom 19% by size; a net margin of -1686% ranks in the bottom 26%; revenue growth of 40.3% a year over the last 3 filed years ranks in the top 26% (its annual reports).

What it rests on

  • revenue against the family$705,923bottom 19% of its family
  • net margin-1686.0%bottom 26% of its family
  • three-year revenue growth40.3%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 371 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 371 members with one.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
family median, 371 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lexaria Bioscience Corp.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 371 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.8/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.6/10

How much room does it have to grow?

top 34% of 273 in its family for room to expand.

weight 33% of this tense · 66th percentile among 273 sector filers · read for itself

From the record

Lexaria Bioscience Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $2 million against no long-term debt tagged leaves 43.2% of its assets as net cash, top 36% of its family; cash from operations less capital spending is -1483.9% of revenue (bottom 20%); a gross margin of 99.6% (top 2%); research spending of 1167.1% of revenue (top 19%) (its annual report).

What it rests on

  • cash less debt against assets43.2%top 36% of its family
  • cash from operations less capital spending against revenue-1483.9%bottom 20% of its family
  • gross margin99.6%top 2% of its family
  • research spending against revenue1167.1%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.5/10

What could actually drive growth from here?

top 25% of 306 in its family for growth drivers.

weight 45% of this tense · 75th percentile among 306 sector filers · read for its customers

From the record

Lexaria Bioscience Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 40.3% a year over the last three filed years against 17.5% over all 6, speeding up (top 12% of its family); the newest year grew 52.1% (top 25%); research spending grew 64.7% a year (top 5%); capital spending grew -20.6% a year (bottom 43%) (its annual reports). Lexaria Bioscience Corp. reported 2 product lines in fiscal 2025: IP Licensing at $696 thousand (99%), B Two B at $10 thousand (1%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+22.8 points a yeartop 12% of its family
  • the newest year's revenue growth52.1%top 25% of its family
  • three-year growth of research spending64.7%top 5% of its family
  • three-year growth of capital spending-20.6%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.7/10

Did its newest year beat what its own record pointed to?

top 44% of 233 in its family for expectations against reality.

weight 22% of this tense · 56th percentile among 233 sector filers · read for its shareholders

From the record

Lexaria Bioscience Corp.'s newest year against its own record: revenue of $706 thousand in fiscal 2025 came in 12.8% above the $626 thousand its prior three years' pace pointed to (top 32% of its family); net income of $12 million against a prior three-year average of $7 million (bottom 18%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 17%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace12.8%top 32% of its family
  • net income against the prior three years' average-81%bottom 18% of its family
  • net margin against its prior averageup more than 100 pointstop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LEXX · research, not advice