Edesa Biotech IncEdesa Biotech Inc
Edesa Biotech Inc

Edesa Biotech Inc

EDSA
Health Care·Biotechnology

Edesa Biotech, Inc. is a biopharmaceutical company, which focuses on acquisition, development, and commercialization of drug candidates for medical dermatology and respiratory diseases. Its clinical studies include EB05 for Acute Respiratory Distress Syndrome (ARDS), EB07 for systemic sclerosis (SSc), EB01 for chronic Allergic Contact Dermatitis (ACD), and EB06 for vitiligo. The company was founded by Pardeep Nijhawan on June 12, 2007 and is headquartered in Markham, Canada.

Ontario; Canada
Market cap
No dataNo data
Revenue
No dataNo data
Net income
$-7.2M−16.5% YoY
Free cash flow
$-7.3M−49.7% YoY

Market

Listed stock
EDSAPriceNasdaq
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Financial performance

Revenue
No dataNo data
Operating income
$-7.9M−12.8% YoY
Net income
$-7.2M−16.5% YoY
Free cash flow
$-7.3M−49.7% YoY

Revenue, profit & cash trend

Revenue
Reference
Revenue: 2021 $0, 2022 $780K, 2023 $800K, 2024 $0. Reference line: Reference at $0.

Growth & profitability

Revenue growth
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Gross margin
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Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-09-30 $-23.7M, 2022-09-30 $-18.4M, 2023-09-30 $-9.2M, 2024-09-30 $-7M, 2025-09-30 $-7.9M. Net income: 2021-09-30 $-13.3M, 2022-09-30 $-17.5M, 2023-09-30 $-8.4M, 2024-09-30 $-6.2M, 2025-09-30 $-7.2M. Free cash flow: 2021-09-30 $-13.7M, 2022-09-30 $-12.3M, 2023-09-30 $-6.6M, 2024-09-30 $-4.9M, 2025-09-30 $-7.3M

Growth heatmap

202220232024CAGR
Revenue
No data
+2.6%
-100.0%
No data
Gross profit
No data
+2.6%
-100.0%
No data
Operating income
+22.4%
+49.8%
+23.9%
-12.8%
No data
Free cash flow
+10.1%
+46.0%
+26.3%
-49.7%
No data

Earnings quality

Operating cash flow
$-7.3M−49.7% YoY
Net income
$-7.2M−16.5% YoY
Free cash flow
$-7.3M−49.7% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-09-30 102%, 2024-09-30 79%, 2023-09-30 79%, 2022-09-30 70%, 2021-09-30 102%. Free cash flow: 2025-09-30 102%, 2024-09-30 79%, 2023-09-30 79%, 2022-09-30 70%, 2021-09-30 102%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
Latest
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
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Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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