Scilex Holding Company (SCLX)

From the record

Scilex Holding Company's filings since 2020 show 13 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-11-22); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-12-07); an auditor change (8-K item 4.01, 4 times, the latest 2024-12-06); a late-report notice (Form NT 10-K or NT 10-Q, 5 times, the latest 2026-05-15) (its current reports).

From the record

Scilex Holding Company's 6 filed years say what it did: revenue went from $24 million in fiscal 2020 to $30 million in fiscal 2025, up 5.1% a year; it rose in 4 of 5 years; the deepest fall was 47% from fiscal 2024 to fiscal 2025; net income was positive in 0 of 5 of those years (its annual reports).

From the record

Over the 4 fiscal years to 2025-12-31, Scilex Holding Company's diluted share count shrank about 46.3% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Scilex Holding Company's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 34 cents per dollar of everything the company owns. Leverage: it owed about 158 cents per dollar of assets (the filed statements).

From the record

Scilex Holding Company's standing among 102 graded names in its industry family: revenue of $30 million in fiscal 2025 ranks in the bottom 49% by size; revenue growth of -7.3% a year over the last 3 filed years ranks in the bottom 30% (its annual reports).

From the record

Scilex Holding Company's leadership, from its insiders' filings and its current reports: the chief executive on the record is Ji, Henry (Exec Chair, CEO and President, as filed), filing under that title since 2025-10-09, 1.1 years (bottom 15% of its family); the 5 officers and directors filing in the last fifteen months have been on the record a median of 3.1 years (bottom 13%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 5 people in charge now (bottom 3%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Scilex Holding Company's room to grow, from the newest filed statements (fiscal 2025): cash of $5 million against no long-term debt tagged leaves 1.4% of its assets as net cash, bottom 8% of its family; cash from operations less capital spending is 12.2% of revenue (top 15%); a gross margin of 415.8% (top 1%); research spending of 68.5% of revenue (bottom 31%) (its annual report).

From the record

Scilex Holding Company's growth drivers, from the filed years to fiscal 2025: revenue grew -7.3% a year over the last three filed years against 5.1% over all 6, slowing (bottom 42% of its family); the newest year grew -46.6% (bottom 13%); research spending grew 31.8% a year (top 7%); capital spending grew 166.8% a year (top 3%) (its annual reports). Scilex Holding Company tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.