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LEXXLexaria Bioscience Corp.
$0.53$11M
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LEXX logoLexaria Bioscience Corp.(LEXX)Earnings, Financials & Key Ratios

LEXX•NASDAQ
$0.53
Price updated Jul 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryDrug Delivery Technology Platforms
AboutLexaria Bioscience Corp. operates as a biotechnology company. Its patented drug delivery technology, DehydraTECH, improves the way active pharmaceutical ingredients enter the bloodstream by promoting effective oral delivery. The company's DehydraTECH has demonstrated the ability to increase bio-absorption with cannabinoids and nicotine by 5-10x and in some instances with cannabinoids by 27x compared to standard industry formulations, reduce time of onset from 1 - 2 hours to minutes, and mask unwanted tastes; and is also being evaluated for orally administered anti-viral drugs, non-steroidal anti-inflammatory drugs (NSAIDs), PDE5 inhibitors, and others. DehydraTECH also deliver drugs effectively across the blood brain barrier. It operates a licensed in-house research laboratory and holds intellectual property portfolio with 23 patents granted and approximately 50 patents pending worldwide. Lexaria Bioscience Corp. was incorporated in 2004 and is headquartered in Kelowna, Canada.Show more
  • Revenue$706K+52.0%
  • EBITDA-$12M-107.7%
  • Net Income-$12M-105.4%
  • EPS (Diluted)-0.66-40.4%
  • Gross Margin99.61%+0.7%
  • EBITDA Margin-1670.57%-36.6%
  • Operating Margin-1683.01%-35.8%
  • Net Margin-1686%-35.1%
  • ROE-231.96%-106.9%

LEXX Price & Volume

Lexaria Bioscience Corp. (LEXX) stock price & volume — 10-year historical chart

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Persistent Cash Burn Challenges Lexaria Growth Outlook

Investment Thesis • Updated 2026Q2

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent liquidity and dilution

Key Thesis Takeaways

  • Lexaria Bioscience faces a precarious fundamental outlook characterized by a reliance on sporadic, project-based milestone payments that have failed to generate consistent revenue, as evidenced by an 88.5% year-over-year revenue decline in 2026Q2.
  • The company's heavy R&D intensity, which reached $475.4K in the most recent quarter, necessitates ongoing external capital infusions that continue to dilute existing shareholders.
  • Investors should monitor the company's ability to achieve commercial scale for its drug delivery platform, as the current path of deepening retained earnings, now at -$66.5M, suggests significant long-term solvency risks.

Verdict Logic

the company's inability to generate positive free cash flow, highlighted by a -111.0% FCF margin in 2026Q2, indicates a high risk of continued shareholder dilution to fund operations.

LEXX Growth Metrics

Lexaria Bioscience Corp. (LEXX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years47.28%
5 Years12.92%
3 Years40.34%
TTM-30.03%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-1.56%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM20.56%

Return on Capital

10 Years-162.24%
5 Years-119.45%
3 Years-153.69%
Last Year-227.38%

Latest LEXX News

Recent stock market news and headlines for Lexaria Bioscience Corp. (LEXX)

Accesswire·1 day ago
Lexaria Updates Business Development

KELOWNA, BC / ACCESS Newswire / July 6, 2026 / Lexaria Bioscience Corp. (NASDAQ:LEXX) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, is pleased to have experienced many positive meetings with potential pharmaceutical partners and collaborators at the 2026 BIO International Convention ("BIO") in San Diego, CA. "Lexaria had a full schedule at BIO, meeting with a diverse group of companies ranging from innovative smaller tech-focused firms to multi-billion-dollar global pharmaceutical companies," said Richard Christopher, CEO of Lexaria Bioscience Corp. "We are balancing new exploratory corporate opportunities with existing corporate relationships, with the intent of entering into partnership arrangements.

Accesswire·Jun 25, 2026
Lexaria's Human Study GLP-1-H26-7 Has Begun Dosing on Schedule

KELOWNA, BC / ACCESS Newswire / June 25, 2026 / Lexaria Bioscience Corp. (NASDAQ:LEXX) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, announces that dosing began on schedule on June 14th with Human Pilot Study #7 (GLP-1-H26-7) that is evaluating two oral DehydraTECH-semaglutide ("DHT-sema") compositions against Novo Nordisk's® ("Novo") commercially available Wegovy® tablets, over a 5-week duration (the "Study"). Lexaria is seeking to preserve the superior safety and tolerability profiles evidenced in its previous glucagon-like peptide-1 ("GLP-1") studies such as Human Study #4 (GLP-1-H24-4), combined with pharmacokinetic ("PK") performance that matches or exceeds the Wegovy® tablet control.

TheNewswire·Jun 25, 2026
Lexaria's Human Study GLP-1-H26-7 has Begun Dosing on Schedule

Kelowna, British Columbia – June 25, 2026 - TheNewswire – Lexaria Bioscience Corp. (Nasdaq: LEXX) (the “ Company ” or “ Lexaria ”), a global innovator in drug delivery platforms, announces that dosing began on schedule on June 14 th with Human Pilot Study #7 (GLP-1-H26-7) that is evaluating two oral DehydraTECH-semaglutide (“DHT-sema”) compositions against Novo Nordisk's® (“Novo”) commercially available Wegovy® tablets, over a 5-week duration (the “Study”).   Lexaria is seeking to preserve the superior safety and tolerability profiles evidenced in its previous glucagon-like peptide-1 (“GLP-1”) studies such as Human Study #4 (GLP-1-H24-4 ), combined with pharmacokinetic (“PK”) performance that matches or exceeds the Wegovy® tablet control.  Previous Lexaria salcaprozate sodium (“SNAC”)-inclusive DHT-sema single dose studies such as Human Pilot Studies #1 and #2 (GLP-1-H24-1 and GLP-1-H24-2 ) evidenced PK performance that matched or exceeded the Rybelsus® control arm and also evidenced noteworthy safety and tolerability profiles.

TheNewswire·Jun 23, 2026
Lexaria's Animal Study GLP-1-A26-1 has Begun Dosing on Schedule

Potentially valuable novel compositions being investigated Lexaria also receives additional new granted patent

Accesswire·Jun 23, 2026
Lexaria's Animal Study GLP-1-A26-1 Has Begun Dosing on Schedule

Potentially Valuable Novel Compositions Being Investigated Lexaria Also Receives Additional New Granted Patent   KELOWNA, BC / ACCESS Newswire / June 23, 2026 / Lexaria Bioscience Corp. (NASDAQ:LEXX) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, provides the following update on Animal Study #1 (GLP-1-A26-1) that is evaluating a number of formulation enhancements using both DehydraTECH-semaglutide ("DHT-sema") glucagon-like peptide-1 ("GLP-1") compositions and DehydraTECH-CBD ("DHT-CBD") compositions to explore the potential for additional improved performance as well as stake new intellectual property ("IP") claims (the "Study"). The Study is on schedule and dosing began on June 10, 2026, as planned.

Peers Comparison

Key metrics vs top competitors for Lexaria Bioscience Corp. (LEXX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LEXX logoLEXXLexaria Bioscience Corp.Current
$0.53$10.84M-0.8052.05%-1686%-231.96%—
ATAI logoATAIAtai Beckley N.V
$5.19$1.91B-1.781227.6%-19019.44%-366.21%—
CMPS logoCMPSCOMPASS Pathways plc
$12.99$1.25B-4.22——-151.02%—
MNMD logoMNMDMind Medicine (MindMed) Inc.
$20.69$2.04B-10.04——-102.48%—
NRXP logoNRXPNRx Pharmaceuticals, Inc.
$4.16$71.91M-3.10—-1070.26%——
CYBN logoCYBNCybin Inc.
$6.09$303.86M-13.66——-81%—

Compare LEXX vs Peers

Lexaria Bioscience Corp. (LEXX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ATAI

Most directly comparable listed peer for LEXX.

Scale Benchmark

vs AVDL

Larger-name benchmark to compare LEXX against a more recognizable public peer.

Peer Set

Compare Top 5

vs ATAI, CMPS, MNMD, NRXP

LEXX SEC Filings & Documents

Lexaria Bioscience Corp. (LEXX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 6, 2026·SEC

Material company update

Jan 28, 2026·SEC

Material company update

Dec 16, 2025·SEC

10-K Annual Reports

3
FY 2025

Nov 28, 2025·SEC

FY 2024

Nov 26, 2024·SEC

FY 2023

Nov 20, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 13, 2026·SEC

FY 2026

Jan 13, 2026·SEC

FY 2025

Jul 14, 2025·SEC

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LEXX Frequently Asked Questions

Lexaria Bioscience Corp. (LEXX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Lexaria Bioscience Corp.'s revenue?

Lexaria Bioscience Corp. (LEXX) reported $0.4M in revenue for fiscal year 2025. This represents a 1712% increase from $0.0M in 2006.

How fast is Lexaria Bioscience Corp. growing?

Lexaria Bioscience Corp. (LEXX) grew revenue by 52.0% over the past year. This is strong growth.

Is LEXX profitable?

Lexaria Bioscience Corp. (LEXX) reported a net loss of $9.5M for fiscal year 2025.

Dividend & Returns
What is LEXX's return on equity?

Lexaria Bioscience Corp. (LEXX) has a return on equity (ROE) of -232.0%. Negative ROE indicates the company is unprofitable.

What is Lexaria Bioscience Corp.'s free cash flow?

Lexaria Bioscience Corp. (LEXX) had negative free cash flow of $9.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in LEXX back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →