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Financials · CLNN

Clene Inc. (CLNN) financials

For the twelve months ended Sep 30, 2026, Clene Inc. reported $238.0K of revenue and -$26.83M of net income.

Revenue, TTM
$238.0K
Revenue growth, YoY
+11.2%
Net income, TTM
-$26.83M
Net margin
-11271.4%
Cash
$9.89M
Total debt
$17.51M
P/S
265.01
Market cap
$63.1M
Annual revenue$200.0K
FY2020FY2025
Annual net income-$26.17M
FY2019FY2025
Annual free cash flow-$18.59M
FY2019FY2025

CLNN revenue and earnings growth

CLNN revenueQ3 2026$56.0K

Quarter YoY
+273.3%
QoQ
-37.8%
FY YoY
-41.5%
5Y CAGR
-0.6%

CLNN revenue was $56.0K in fiscal Q3 2026 (ended Sep 30, 2026), up 273.3% from a year earlier and down 37.8% from the prior quarter. For the full fiscal 2025 it was $200.0K, down 41.5% from fiscal 2024. Compound annual growth was -0.6% over 5 years. It rose in 2 of the last 5 fiscal years.

CLNN net incomeQ3 2026$3.92M

CLNN net income was $3.92M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$8.78M a year earlier. For the full fiscal 2025 it was -$26.17M, compared with -$39.40M in fiscal 2024.

CLNN EPSQ3 2026$0.05

CLNN diluted EPS was $0.05 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2021 it was -$0.16.

CLNN free cash flowQ3 2026-$4.67M

CLNN free cash flow was -$4.67M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$4.00M a year earlier. For the full fiscal 2025 it was -$18.59M, compared with -$21.34M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$200.0K$342.0K$654.0K$473.0K$723.0K$206.0K-
Cost of revenue$43.0K$70.0K$121.0K$26.0K$289.0K--
Gross profit$157.0K$272.0K$533.0K$447.0K$434.0K--
Research and development$14.01M$20.06M$26.66M$31.92M$28.42M$15.20M$9.56M
Selling, general and admin$9.23M$13.31M$14.42M$16.94M$22.00M$5.15M$6.77M
Operating income-$23.08M-$33.09M-$40.54M-$48.41M-$49.98M-$20.21M-$16.33M
Interest expense$2.68M$4.06M$4.56M$3.30M$870.0K$950.0K$88.0K
Pre-tax income-$26.17M-$39.40M-$49.50M-$29.92M-$10.17M-$18.87M-$16.16M
Income tax$0$0$0$0-$428.0K$406.0K-
Net income-$26.17M-$39.40M-$49.50M-$29.92M-$9.74M-$19.28M-$16.16M
EPS, basic-$2.65-$5.67-$9.43-$0.46-$0.16-$1.10-$0.93
EPS, diluted-----$0.16-$1.10-$0.93
Diluted shares----61.6M17.5M17.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$5.19M$12.15M$28.82M$18.33M$50.29M$59.27M$8.79M
Short-term investments-$0$6.18M$4.98M$0--
Receivables$0$64.0K$143.0K$189.0K$49.0K$21.0K-
Inventory$37.0K$68.0K$37.0K$43.0K$41.0K$191.0K$28.0K
Current assets$8.98M$16.16M$38.85M$29.20M$54.58M$62.99M$9.48M
Total assets$18.13M$27.34M$52.34M$44.49M$63.06M$68.24M$14.88M
Current liabilities$10.78M$10.29M$25.33M$13.86M$6.03M$11.67M$4.31M
Short-term debt-----$5.92M-
Long-term debt-$10.82M$5.26M----
Total debt$17.79M$10.82M$5.26M-$13.70M--
Total liabilities$35.72M$36.19M$38.95M$41.26M$50.47M$67.90M$9.99M
Shareholders' equity-$17.59M-$8.86M$13.39M$3.24M$12.60M$341.0K-$67.77M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$18.55M-$21.33M-$30.17M-$39.01M-$34.62M-$18.93M-$13.20M
Capital expenditures$39.0K$15.0K$330.0K$5.18M$1.33M$387.0K$294.0K
Free cash flow-$18.59M-$21.34M-$30.50M-$44.19M-$35.96M-$19.32M-$13.49M
Investing cash flow-$39.0K$6.32M-$1.50M-$10.16M-$1.33M-$387.0K-$294.0K
Financing cash flow$11.52M-$1.53M$42.16M$17.25M$27.11M$69.53M$5.50M
Stock-based compensation$6.38M$7.95M$9.12M$8.51M$12.38M$761.0K$399.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY-41.5%-47.7%38.3%-34.6%251.0%--
Gross margin78.5%79.5%81.5%94.5%60.0%--
Operating margin-11541.5%-9676.3%-6198.8%-10234.5%-6912.6%-9812.6%-
Net margin-13086.5%-11520.5%-7569.4%-6325.2%-1347.2%-9357.8%-
Free cash flow margin-9292.5%-6240.1%-4663.8%-9342.5%-4973.2%-9376.7%-
Return on equity---369.7%-924.3%-77.3%-5653.1%-
Return on assets-144.4%-144.1%-94.6%-67.2%-15.4%-28.2%-108.6%
Current ratio0.831.571.532.119.065.402.20
Debt to equity--0.39-1.09--

Source: XBRL data Clene Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CLNN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CLNN$238.0K+11.2%-$26.83M-11271.4%$63.1M
LLY$86.46B+45.5%$27.58B31.9%$1.33T
JNJ$99.33B+7.8%$16.09B16.2%$679.13B
ABBV$66.01B+10.7%$10.34B15.7%$518.44B
MRK$67.38B+4.9%$2.45B3.6%$366.73B
NVS$54.53B+8.4%$13.98B25.6%$312.35B
AZN$58.74B+8.6%$10.22B17.4%$293.69B
ABT$48.23B+10.0%$4.70B9.7%$191.40B
NVODKK 309.06B+6.4%DKK 102.43B33.1%$183.23B

CLNN FAQ

7 questions
  • What is CLNN revenue?
    Clene Inc. (CLNN) reported $238.0K of revenue for the twelve months ended Sep 30, 2026. That is up 11.2% from the year before. Revenue for fiscal 2025 was $200.0K.
  • Is CLNN profitable?
    No. Clene Inc. reported a net loss of $26.83M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does CLNN have?
    Clene Inc. reported $9.89M in cash and cash equivalents and $17.51M of debt on its most recent balance sheet in SEC filings.
  • How fast is CLNN revenue growing?
    Clene Inc.'s revenue changed -41.5% in fiscal 2025, to $200.0K. Its compound annual growth rate was -0.6% over 5 years.
  • What is CLNN gross margin?
    Clene Inc.'s gross profit was $163.0K on $238.0K of revenue for the twelve months ended Sep 30, 2026, a gross margin of 68.5%.
  • When did CLNN last report financial results?
    The latest statements here come from Clene Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this CLNN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Clene Inc. files with the SEC. It is provided for information only and is not investment advice.