Protalix BioTherapeutics, Inc.
Business
Protalix BioTherapeutics is a commercial-stage biopharmaceutical company developing innovative therapeutics for rare diseases using its proprietary ProCellEx plant cell-based protein expression platform. The company markets two FDA-approved enzyme replacement therapies: Elelyso for Gaucher disease and Elfabrio for Fabry disease, with commercialization partnerships for global distribution. The pipeline includes clinical-stage candidates PRX-115 for uncontrolled gout and PRX-119 for NET-related diseases, plus preclinical programs in rare renal indications.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| TOTAL REVENUE | 53 | 53 | 65 | 48 | 38 | |
| COST OF GOODS SOLD | −27 | −24 | −23 | −20 | −16 | |
| RESEARCH AND DEVELOPMENT EXPENSES | −20 | −13 | −17 | −29 | −30 | |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | −12 | −12 | −15 | −12 | −13 | |
| OPERATING INCOME (LOSS) | −6 | 4 | 10 | −13 | −20 | |
| FINANCIAL EXPENSES | −1 | −1 | −3 | — | — | |
| FINANCIAL INCOME | 1 | 1 | 1 | 1 | 401,000 | |
| FINANCIAL INCOME (EXPENSES), NET | −108,000 | 237,000 | −2 | −1 | −7 | |
| INCOME (LOSS) BEFORE TAXES ON INCOME | −6 | 4 | 9 | −14 | −28 | |
| TAXES ON INCOME | −996,000 | −1 | −254,000 | −530,000 | — | |
| NET INCOME (LOSS) | −7 | 3 | 8 | −15 | −28 | |
| EARNINGS (LOSS) PER SHARE OF COMMON STOCK - BASIC (in dollars per share) | −0.08 | 0.04 | 0.12 | −0.31 | −0.62 | |
| EARNINGS (LOSS) PER SHARE OF COMMON STOCK - DILUTED (in dollars per share) | −0.08 | 0.04 | 0.09 | −0.31 | −0.62 | |
| WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING EARNINGS (LOSS) PER SHARE - BASIC (in shares) | 79 | 73 | 68 | 48 | 44 | |
| WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK USED IN COMPUTING EARNINGS (LOSS) PER SHARE - DILUTED (in shares) | 79 | 81 | 82 | 48 | 44 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 15 | 20 | 24 | 17 | 39 | |
| Short-term bank deposits | 16 | 15 | 21 | 5 | 0 | |
| Restricted deposit | 702,000 | 0 | — | — | — | |
| Accounts receivable | 9 | 3 | 5 | 5 | 3 | |
| Other assets | 1 | 1 | 1 | 1 | 1 | |
| Inventories | 26 | 21 | 19 | 17 | 18 | |
| Total current assets | 67 | 60 | 70 | 45 | 62 | |
| Funds in respect of employee rights upon retirement | 578,000 | 462,000 | 528,000 | 1 | 2 | |
| Property and equipment, net | 5 | 5 | 5 | 5 | 5 | |
| Deferred income tax asset | 3 | 3 | 3 | 0 | — | |
| Operating lease right of use assets | 8 | 5 | 6 | 5 | 5 | |
| Total assets | 82 | 73 | 84 | 56 | 74 | |
| Trade | 5 | 5 | 4 | 6 | 7 | |
| Other | 20 | 20 | 20 | — | — | |
| Operating lease liabilities | 1 | 2 | 1 | 1 | 1 | |
| Total current liabilities | 27 | 26 | 46 | 32 | 33 | |
| Liability for employee rights upon retirement | 661,000 | 559,000 | 714,000 | 2 | 2 | |
| Operating lease liabilities | 7 | 4 | 5 | 4 | 4 | |
| Total long term liabilities | 8 | 5 | 5 | 34 | 47 | |
| Total liabilities | 34 | 30 | 51 | 66 | 80 | |
| COMMITMENTS | — | — | — | — | — | |
| Common Stock, $0.001 par value: Authorized - as of December 31, 2024 and 2025, 185,000,000 shares; issued and outstanding - as of December 31, 2024 and 2025, 75,850,275 and 80,425,981 shares, respectively | 80,000 | 76,000 | 73,000 | 54,000 | 46,000 | |
| Additional paid-in capital | 433 | 422 | 415 | 379 | 369 | |
| Accumulated deficit | −385 | −378 | −382 | −390 | −375 | |
| Total stockholders' equity | 48 | 43 | 34 | −11 | −6 | |
| Total liabilities and stockholders' equity | 82 | 73 | 84 | 56 | 74 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income (loss) | −7 | 3 | 8 | −15 | −28 | |
| Share-based compensation | 2 | 3 | 3 | 2 | 2 | |
| Depreciation | 1 | 1 | 1 | 1 | 1 | |
| Financial (income) expenses, net | 606,000 | 310,000 | −446,000 | −989,000 | 417,000 | |
| Changes in accrued liability for employee rights upon retirement | 22,000 | −151,000 | 3,000 | −543,000 | 133,000 | |
| Changes in deferred income tax asset | 340,000 | 236,000 | −3 | 0 | 0 | |
| Gain on amounts funded in respect of employee rights upon retirement | −20,000 | −18,000 | −50,000 | 3,000 | −100,000 | |
| Loss (gain) on sale of fixed assets | 0 | −3,000 | 9,000 | 0 | −51,000 | |
| Gain on conversions of convertible notes | 0 | 0 | −421,000 | 0 | 0 | |
| Amortization of debt issuance costs and debt discount | 0 | 0 | 267,000 | 300,000 | 3 | |
| Decrease in contracts liability | 0 | 0 | −13 | −7 | 13 | |
| Decrease (increase) in accounts receivable-trade and other assets | −6 | 2 | −428,000 | −1 | −1 | |
| Changes in operating lease right of use assets, net | −15,000 | −4,000 | 13,000 | −5,000 | 241,000 | |
| Increase in inventories | −4 | −2 | −2 | 1 | −5 | |
| Increase in accounts payable and accruals | 292,000 | 696,000 | 5 | −5 | 2 | |
| Net cash provided by (used in) operating activities | −12 | 9 | −1 | −25 | −10 | |
| Investment in bank deposits | −5 | −15 | −20 | −16 | −38 | |
| Short-term deposit withdrawal | 5 | 20 | 5 | 11 | — | |
| Purchase of property and equipment | −2 | −1 | −1 | −628,000 | −1 | |
| Proceeds from sale of property and equipment | 0 | 3,000 | 0 | 0 | 53,000 | |
| Amounts paid (funded) in respect of employee rights upon retirement, net | −26,000 | 80,000 | −142,000 | 593,000 | −109,000 | |
| Increase in restricted deposit | −702,000 | 0 | 0 | 0 | 436,000 | |
| Net cash provided by (used in) investing activities | −2 | 4 | −17 | −5 | 19 | |
| Payment for convertible notes redemption | 0 | −20 | 0 | 0 | −30 | |
| Proceeds from issuance of common stock under the Sales Agreement, net | 7 | 4 | 24 | 8 | 9 | |
| Exercise of warrants and options | 3 | 0 | 712,000 | — | — | |
| Net cash provided by (used in) financing activities | 9 | −17 | 25 | 8 | 12 | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | −47,000 | 25,000 | −114,000 | −77,000 | 6,000 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | −5 | −4 | 7 | −22 | 21 | |
| Purchase of property and equipment | 369,000 | 254,000 | 614,000 | 143,000 | 94,000 | |
| Operating lease right of use assets obtained in exchange for new operating lease liabilities | 3 | 376,000 | 2 | 794,000 | 309,000 | |
| Convertible notes conversions | 0 | 0 | 8 | — | — | |
| Partial settlement of liability for employee rights upon retirement through transfer of the related funds | 0 | 0 | 882,000 | — | — | |
| Tax paid | 1 | 385,000 | — | — | — | |
| Interest paid | 0 | 2 | 3 | 2 | 3 | |
| Interest received | 651,000 | 1 | 355,000 | 93,000 | 379,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Protalix BioTherapeutics, Inc.'s CIK number?
Protalix BioTherapeutics, Inc.'s SEC CIK number is 0001006281 (1006281). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Protalix BioTherapeutics, Inc.'s SEC filings?
All of Protalix BioTherapeutics, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Protalix BioTherapeutics, Inc. last report earnings?
Protalix BioTherapeutics, Inc. (PLX) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-059749). This is Protalix BioTherapeutics, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Protalix BioTherapeutics, Inc.'s most recent earnings 8-K?
Protalix BioTherapeutics, Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001104659-26-059749. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Protalix BioTherapeutics, Inc.'s latest earnings 8-K →
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