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Palvella Therapeutics (PVLA) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGM•Healthcare•Biotechnology
D
WeakMetricSide Score: 34/100
ProfitabilityProfit8/25
GrowthGrowth6/25
Balance Sheet & Red FlagsBalance15/25
Cash & Earnings QualityCash5/25

Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (5/25).

Price & Volume
Market Cap $1.84B

Palvella Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing novel therapies to treat patients serious and rare genetic skin diseases. The company's lead product candidate is QTORIN rapamycin, a novel, 3.9% anhydrous topical gel that is in Phase 3 clinical trial for the treatment of microcystic lymphatic malformations, as well as in Phase 2 clinical trial to treat cutaneous venous malformations. It also develops QTORIN rapamycin for the treatment of angiokeratomas and other mTOR-driven skin diseases; and QTORIN pitavastatin for the treatment of disseminated superficial actinic porokeratosis. The company is based in Wayne, Pennsylvania.

Moat Signals

Competitive analysis based on 48 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging -778112500.0%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Weak Moat

ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.

Risk Signals

Data-driven red flags and warnings across 48 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Red Flag

TTM revenue has contracted 100.0% — significant decline indicating deteriorating demand.

Cash Burn

Red Flag

The last 6 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 101.5% — significant dilution, likely from stock compensation or capital raises.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$0
Q. Revenue
$0
TTM EBITDA
$-45.59M
5Q
TTM Op. Income
$-45.59M
5Q
Q. Op. Income
$-14.86M
5Q
TTM Net Income
$-49.30M
6Q
Q. Net Income
$-15.77M
6Q
EPS
$-1.2
4Q
Shares Out.
$13.09M
4Q
$0 in TTM revenue declined NaN% YoY, reaching $0 last quarter. TTM EBITDA of $-45.59M and TTM operating income of $-45.59M shows growth is flowing through. However, net income is negative at $49.30M — growth is not yet reaching the bottom line. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
N/A
Op. Margin
-1485500000.0%
5Q
Net Margin
-1576700000.0%
6Q
Op. margin of -1485500000.0% is down 698400000.0% YoY — costs are rising relative to revenue. Net margin at -1576700000.0%. Across the last 8 quarters, Operating margin has fallen for 5 consecutive quarters — a deteriorating trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
2Q
P/B Ratio
7.9x
43%
P/S of 0.0x and P/B of 7.9x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$263.76M
232%
Cash
$206.39M
173%
Long-Term Debt
N/A
Book Value
$232.31M
318%
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-10.86M
61%
TTM Free Cash Flow
$-29.10M
4Q
FCF Margin
N/A
2Q
FCF / Net Income
0.6
2Q
TTM FCF of $-29.10M on $-10.86M in operating cash flow. The FCF / Net Income ratio of 0.6x indicates partial cash conversion — earnings quality needs attention. Across the last 8 quarters, Free cash flow has fallen for 4 consecutive quarters — a deteriorating trend.

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Cash Generation

Weak Moat

Only 1 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.