What is Siga Technologies' operating income?

Siga Technologies' total operating income in 2024 was $69.98 million, based on the following breakdown: Total Gross Profit: $107.43 million Total Operating Expenses: $37.45 million

Siga Technologies (SIGA) Financials

$3.86 0.00 (0.00%)

Closing price 07/2/2026 04:00 PM Eastern

Extended Trading

$4.04 +0.19 (+4.79%)

As of 07/2/2026 07:58 PM Eastern

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Annual Income Statements for Siga Technologies

This table shows Siga Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-265	-39	-40	-36	422	-7.24	56	69	34	68	59
Consolidated Net Income / (Loss)	-265	-39	-40	-36	422	-7.24	56	69	34	68	59
Net Income / (Loss) Continuing Operations	-265	-39	-40	-36	422	-7.24	56	69	34	68	59
Total Pre-Tax Income	-212	-39	-40	-38	412	-10	74	89	44	88	76
Total Operating Income	-210	-31	-31	-19	355	-2.32	85	89	43	84	70
Total Gross Profit	3.14	8.18	15	12	382	25	110	117	100	122	107
Total Revenue	3.14	8.18	15	12	477	27	125	134	111	140	139
Operating Revenue	3.14	8.18	15	12	477	27	125	134	111	140	139
Total Cost of Revenue	0.00	0.00	0.00	0.00	95	1.78	15	17	10	18	31
Operating Cost of Revenue	-	-	0.00	0.00	95	1.78	15	17	10	18	31
Total Operating Expenses	213	39	46	31	27	27	26	28	58	38	37
Selling, General & Admin Expense	13	11	14	12	13	13	15	18	35	22	25
Research & Development Expense	11	13	20	17	13	13	11	9.94	23	16	12
Total Other Income / (Expense), net	-2.27	-8.04	-8.67	-19	57	-7.86	-11	0.22	1.43	4.16	6.09
Other Income / (Expense), net	-1.81	-7.77	-6.27	-4.72	72	7.91	-2.99	0.22	1.43	4.16	6.09
Income Tax Expense	54	0.46	0.01	-2.09	-10	-2.94	17	20	10	20	17
Basic Earnings per Share	($4.97)	($0.73)	($0.69)	($0.46)	$5.28	($0.09)	$0.71	$0.92	$0.46	$0.95	$0.83
Weighted Average Basic Shares Outstanding	53.42M	53.78M	57.19M	78.87M	79.92M	81.03M	79.26M	75.32M	72.93M	71.36M	71.25M
Diluted Earnings per Share	($4.97)	($0.73)	($0.69)	($0.46)	$5.18	($0.15)	$0.71	$0.91	$0.46	$0.95	$0.82
Weighted Average Diluted Shares Outstanding	53.42M	53.78M	57.19M	78.87M	82.71M	82.18M	79.44M	76.40M	73.55M	71.68M	71.91M
Weighted Average Basic & Diluted Shares Outstanding	53.42M	53.78M	57.19M	78.80M	80.94M	81.27M	76.75M	73.03M	72.20M	71.09M	71.44M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.45	$0.45	$0.60

This table shows Siga Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-2.88	-0.39	72	10	1.83	1.34	46	-0.41	35	-6.37	-3.45
Consolidated Net Income / (Loss)	-2.88	-0.39	72	10	1.83	1.34	46	-0.41	35	-6.37	-3.45
Net Income / (Loss) Continuing Operations	-2.88	-0.39	72	10	1.83	1.34	46	-0.41	35	-6.37	-3.45
Total Pre-Tax Income	-3.45	-0.43	93	13	2.40	1.87	59	-0.57	47	-8.36	-4.04
Total Operating Income	-4.64	-1.31	92	11	1.08	0.54	57	-2.26	46	-10	-5.32
Total Gross Profit	4.90	8.34	102	22	9.50	8.39	67	6.88	56	1.62	3.30
Total Revenue	5.88	9.24	116	25	22	10	81	7.04	81	2.62	6.24
Operating Revenue	5.88	9.24	116	25	22	10	81	7.04	81	2.62	6.24
Total Cost of Revenue	0.97	0.90	15	3.23	12	1.62	14	0.16	26	1.00	2.94
Operating Cost of Revenue	0.97	0.90	15	3.23	12	1.62	14	0.16	26	1.00	2.94
Total Operating Expenses	9.54	9.65	10.00	11	8.42	7.85	10	9.14	9.89	12	8.62
Selling, General & Admin Expense	4.43	6.00	7.38	7.88	5.53	4.82	6.91	5.68	5.49	4.79	4.67
Research & Development Expense	5.12	3.65	2.62	3.05	2.89	3.02	3.34	3.46	4.40	7.05	3.95
Total Other Income / (Expense), net	1.19	0.88	1.19	1.94	1.32	1.33	1.50	1.68	1.59	1.87	1.28
Other Income / (Expense), net	1.19	0.88	1.19	1.94	1.32	1.33	1.50	1.68	1.59	1.87	1.28
Income Tax Expense	-0.57	-0.03	21	2.94	0.57	0.53	13	-0.16	12	-1.99	-0.59
Basic Earnings per Share	($0.04)	($0.01)	$1.01	$0.14	$0.03	$0.02	$0.64	($0.01)	$0.50	($0.09)	($0.05)
Weighted Average Basic Shares Outstanding	71.09M	71.08M	71.36M	71.09M	71.15M	71.37M	71.25M	71.43M	71.47M	71.60M	71.65M
Diluted Earnings per Share	($0.04)	($0.01)	$1.01	$0.14	$0.03	$0.02	$0.63	($0.01)	$0.49	($0.09)	($0.05)
Weighted Average Diluted Shares Outstanding	71.09M	71.08M	71.68M	71.56M	71.75M	71.77M	71.91M	71.43M	71.75M	71.60M	71.65M
Weighted Average Basic & Diluted Shares Outstanding	71.08M	71.09M	71.09M	71.12M	71.37M	71.40M	71.44M	71.44M	71.61M	71.61M	71.72M
Cash Dividends to Common per Share	$0.45	-	-	-	-	$0.60	-	-	$0.60	-	$0.60

This table details how cash moves in and out of Siga Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	8.40	13	-57	-19	143	-19	-43	-15	-4.35	51	5.25
Net Cash From Operating Activities	14	11	-117	-18	69	-18	72	11	42	95	49
Net Cash From Continuing Operating Activities	14	11	-117	-18	69	-18	72	11	42	95	49
Net Income / (Loss) Continuing Operations	-265	-39	-40	-36	422	-7.24	56	69	34	68	59
Consolidated Net Income / (Loss)	-265	-39	-40	-36	422	-7.24	56	69	34	68	59
Depreciation Expense	0.35	0.25	0.17	0.13	0.07	0.53	0.53	0.52	0.52	0.54	0.54
Non-Cash Adjustments To Reconcile Net Income	1.81	1.83	4.00	12	-347	1.52	11	1.77	1.58	2.63	3.97
Changes in Operating Assets and Liabilities, net	277	48	-81	5.62	-6.41	-13	3.90	-60	5.61	24	-15
Net Cash From Investing Activities	-3.46	3.89	1.19	-0.10	78	-0.03	-0.02	-0.05	0.00	-0.02	-0.04
Net Cash From Continuing Investing Activities	-3.46	3.89	1.19	-0.10	78	-0.03	-0.02	-0.05	0.00	-0.02	-0.04
Purchase of Property, Plant & Equipment	-0.03	-0.11	-0.02	-0.10	-	-0.03	-0.02	-0.05	0.00	-0.02	-0.04
Net Cash From Financing Activities	-2.31	-2.00	59	-0.59	-3.81	-1.18	-115	-26	-46	-43	-43
Net Cash From Continuing Financing Activities	-2.31	-2.00	59	-0.59	-3.81	-1.18	-115	-26	-46	-43	-43
Repurchase of Common Equity	-	0.00	0.00	-0.08	0.00	0.00	-29	-26	-13	-11	0.00
Payment of Dividends	-	-	-	-	-	-	0.00	0.00	-33	-32	-43
Other Financing Activities, net	-0.31	-0.00	28	-0.50	-3.81	-1.18	-0.18	-0.17	-0.01	-0.21	-0.80
Cash Income Taxes Paid	0.73	-420,029	0.50	0.33	0.25	-1.28	3.72	1.06	31	3.50	30

This table details how cash moves in and out of Siga Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Change in Cash & Equivalents	-39	-5.10	79	-6.28	-37	-7.68	56	6.87	20	-11	-9.40
Net Cash From Operating Activities	-3.58	-5.10	79	-6.12	5.95	-7.38	56	7.06	63	-9.81	-8.66
Net Cash From Continuing Operating Activities	-3.58	-5.10	79	-6.12	5.95	-7.38	56	7.06	63	-9.81	-8.66
Net Income / (Loss) Continuing Operations	-2.88	-0.39	72	10	1.83	1.34	46	-0.41	35	-6.37	-3.45
Consolidated Net Income / (Loss)	-2.88	-0.39	72	10	1.83	1.34	46	-0.41	35	-6.37	-3.45
Depreciation Expense	0.13	0.14	0.14	0.14	0.14	0.13	0.13	0.14	0.14	0.14	0.15
Non-Cash Adjustments To Reconcile Net Income	1.72	0.50	0.48	1.13	1.26	0.81	0.76	0.90	1.71	0.77	0.75
Changes in Operating Assets and Liabilities, net	-2.56	-5.35	6.16	-18	2.72	-9.67	9.65	6.43	26	-4.36	-6.11
Net Cash From Investing Activities	-0.02	-	-	0.00	-0.00	-0.02	-0.02	-0.02	-0.00	-0.29	0.00
Net Cash From Continuing Investing Activities	-0.02	-	-	0.00	-0.00	-0.02	-0.02	-0.02	-0.00	-0.29	0.00
Purchase of Property, Plant & Equipment	-0.02	-	-	0.00	-0.00	-0.02	-0.02	-0.02	-0.00	-0.29	0.00
Net Cash From Financing Activities	-36	-	-	-0.16	-43	-0.27	-0.16	-0.17	-43	-0.40	-0.74
Net Cash From Continuing Financing Activities	-36	-	-	-0.16	-43	-0.27	-0.16	-0.17	-43	-0.40	-0.74
Payment of Dividends	-	-	-	-	-	0.01	-	0.00	-	-0.16	-0.16
Other Financing Activities, net	-0.21	-	-	-0.16	-0.20	-0.28	-0.16	-0.17	-0.03	-0.24	-0.58

This table presents Siga Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	186	161	145	203	199	150	215	195	254	244	219
Total Current Assets	129	69	37	121	180	144	209	186	239	231	213
Cash & Equivalents	113	29	20	101	65	118	103	99	150	155	155
Accounts Receivable	3.68	3.15	1.80	1.96	4.17	3.34	84	45	21	21	3.26
Inventories, net	12	26	2.98	2.91	9.65	20	20	39	64	50	49
Prepaid Expenses	0.62	0.95	2.02	4.32	5.23	2.11	2.45	2.32	3.50	4.91	5.57
Plant, Property, & Equipment, net	0.45	0.30	0.14	0.17	2.62	2.10	2.37	1.85	1.33	1.30	1.09
Total Noncurrent Assets	56	92	107	82	16	4.12	3.61	7.40	14	12	5.52
Goodwill	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90
Noncurrent Deferred & Refundable Income Taxes	-	0.00	2.43	12	-	2.54	2.42	6.25	11	11	4.43
Other Noncurrent Operating Assets	55	73	104	69	0.86	0.68	0.29	0.25	2.08	0.24	0.19
Total Liabilities & Shareholders' Equity	186	161	145	203	199	150	215	195	254	244	219
Total Liabilities	470	448	468	101	101	20	40	25	57	29	21
Total Current Liabilities	7.33	7.10	6.81	11	92	10	30	22	54	25	18
Accounts Payable	3.94	2.52	1.33	1.69	3.05	1.28	2.03	3.36	1.46	1.34	0.82
Accrued Expenses	3.39	4.58	5.48	9.65	8.64	8.29	9.25	6.30	10	5.64	6.52
Dividends Payable	-	-	-	-	-	-	-	-	-	-	0.00
Current Deferred Revenue	-	-	-	-	-	-	-	11	21	10	10
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.92	19	1.31	22	8.02	0.41
Total Noncurrent Liabilities	463	441	450	89	9.05	9.55	9.92	3.36	3.38	3.20	2.65
Other Noncurrent Operating Liabilities	207	6.98	0.84	14	9.05	9.55	9.92	3.36	3.38	3.20	2.65
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-284	-287	-323	103	98	130	174	170	197	216	199
Total Preferred & Common Equity	-284	-287	-323	103	98	130	174	170	197	216	199
Total Common Equity	-284	-287	-323	103	98	130	174	170	197	216	199
Common Stock	177	214	214	219	221	225	226	234	236	239	242
Retained Earnings	-461	-501	-537	-116	-123	-95	-52	-64	-39	-23	-43

This table presents Siga Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	204	184	147	158	243	193	195	247	235	232	219
Total Current Assets	197	173	134	146	228	176	181	234	229	228	212
Cash & Equivalents	110	116	76	71	144	107	99	162	182	172	146
Accounts Receivable	55	12	6.03	8.05	18	8.95	12	7.19	6.49	2.49	4.50
Inventories, net	31	43	50	65	64	56	62	59	36	48	56
Prepaid Expenses	0.96	1.96	1.56	1.86	2.17	4.91	7.30	5.10	4.64	5.29	4.97
Plant, Property, & Equipment, net	1.98	1.72	1.61	1.47	1.19	1.52	1.41	1.19	1.05	1.20	1.67
Total Noncurrent Assets	5.34	9.67	11	11	14	15	13	12	5.08	2.66	6.19
Goodwill	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90
Noncurrent Deferred & Refundable Income Taxes	4.18	6.73	7.59	7.90	11	12	12	11	3.97	1.56	5.09
Other Noncurrent Operating Assets	0.26	2.04	2.12	2.14	2.15	2.16	0.25	0.23	0.21	0.20	0.20
Total Liabilities & Shareholders' Equity	204	184	147	158	243	193	195	247	235	232	219
Total Liabilities	31	22	22	34	78	25	26	31	26	28	68
Total Current Liabilities	27	18	19	31	75	21	22	28	23	25	65
Accounts Payable	2.45	1.14	1.08	0.56	2.52	1.03	1.26	1.23	1.19	5.03	6.31
Accrued Expenses	16	16	18	30	6.12	6.53	7.18	16	7.11	9.47	6.53
Dividends Payable	-	-	-	-	43	-	-	-	-	-	43
Current Deferred Revenue	-	-	-	-	21	14	14	10	10	10	8.88
Current Deferred & Payable Income Tax Liabilities	9.12	1.34	0.01	0.05	2.70	0.08	0.13	0.01	4.18	0.10	0.40
Total Noncurrent Liabilities	3.63	3.35	3.45	3.50	3.34	3.72	3.61	3.13	3.30	3.28	2.61
Other Noncurrent Operating Liabilities	3.63	3.35	3.45	3.50	3.34	3.72	3.61	3.13	3.30	3.28	2.61
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	173	162	124	124	165	168	169	216	209	203	152
Total Preferred & Common Equity	173	162	124	124	165	168	169	216	209	203	152
Total Common Equity	173	162	124	124	165	168	169	216	209	203	152
Common Stock	233	234	235	235	237	238	238	239	241	241	242
Retained Earnings	-60	-72	-111	-111	-72	-70	-69	-23	-31	-38	-90

This table displays calculated financial ratios and metrics derived from Siga Technologies' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-43.11%	160.39%	83.32%	-18.14%	3,788.30%	-94.39%	367.28%	6.97%	-17.13%	26.31%	-0.86%
EBITDA Growth	-815.89%	81.78%	3.54%	36.85%	1,922.55%	-98.57%	1,240.83%	9.50%	-50.30%	97.79%	-13.26%
EBIT Growth	-799.35%	81.69%	3.70%	36.79%	1,912.04%	-98.69%	1,357.73%	9.58%	-50.59%	98.89%	-13.34%
NOPAT Growth	-791.59%	85.24%	-0.20%	39.23%	2,857.76%	-100.45%	4,084.44%	6.97%	-52.65%	97.68%	-15.99%
Net Income Growth	-1,445.43%	85.14%	-0.63%	8.72%	1,264.07%	-101.72%	878.08%	23.27%	-51.18%	100.76%	-13.01%
EPS Growth	-1,406.06%	85.31%	5.48%	33.33%	1,226.09%	-102.90%	573.33%	28.17%	-49.45%	106.52%	-13.68%
Operating Cash Flow Growth	-75.74%	-21.64%	-1,151.48%	84.26%	474.57%	-126.43%	492.87%	-83.93%	262.00%	127.82%	-48.56%
Free Cash Flow Firm Growth	138.12%	-79.22%	-620.49%	86.56%	238.21%	135.61%	-10.46%	-81.99%	225.85%	174.46%	-54.43%
Invested Capital Growth	-394.81%	-14.05%	30.24%	2.11%	124.47%	-95.95%	342.38%	497.96%	0.27%	-34.55%	29.31%
Revenue Q/Q Growth	-2.90%	69.37%	24.71%	-31.90%	0.03%	11.21%	36.58%	138.52%	-48.42%	302.12%	-20.15%
EBITDA Q/Q Growth	-6.91%	-1.42%	24.00%	-3.77%	23.24%	-92.37%	54.14%	282.87%	-67.66%	1,755.11%	-30.92%
EBIT Q/Q Growth	-6.86%	-1.32%	23.92%	-3.67%	23.25%	-92.99%	54.68%	289.38%	-67.91%	1,595.91%	-31.07%
NOPAT Q/Q Growth	-5.56%	-1.30%	26.78%	8.44%	-5.65%	52.38%	53.81%	318.78%	-69.47%	1,039.47%	-32.93%
Net Income Q/Q Growth	-5.87%	-2.70%	19.56%	0.38%	17.46%	-114.58%	77.86%	323.35%	-68.58%	1,461.76%	-30.91%
EPS Q/Q Growth	-5.74%	-2.82%	25.00%	4.17%	19.35%	-124.59%	73.17%	378.95%	-68.06%	1,457.14%	-31.67%
Operating Cash Flow Q/Q Growth	230.35%	-52.03%	-8.73%	49.11%	7.09%	-141.72%	532.44%	-72.19%	-36.78%	1,137.37%	-31.79%
Free Cash Flow Firm Q/Q Growth	15.27%	-29.04%	-57.65%	67.99%	-66.38%	530.23%	179.94%	-67.32%	-43.58%	2,487.20%	-36.35%
Invested Capital Q/Q Growth	-4.20%	-0.81%	16.97%	6.02%	252.83%	-51.52%	-57.20%	418.15%	12.59%	-11.91%	-13.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	80.03%	93.33%	88.16%	87.58%	90.58%	87.26%	77.44%
EBITDA Margin	-6,724.16%	-470.59%	-247.63%	-191.04%	89.55%	22.88%	65.65%	67.21%	40.31%	63.12%	55.23%
Operating Margin	-6,677.64%	-378.59%	-206.94%	-153.63%	74.44%	-8.68%	67.62%	66.65%	38.55%	59.76%	50.45%
EBIT Margin	-6,735.36%	-473.62%	-248.80%	-192.12%	89.53%	20.91%	65.23%	66.81%	39.84%	62.73%	54.84%
Profit (Net Income) Margin	-8,454.68%	-482.53%	-264.87%	-295.34%	88.42%	-27.08%	45.09%	51.96%	30.61%	48.65%	42.69%
Tax Burden Percent	125.26%	101.18%	100.04%	94.54%	102.47%	71.14%	76.65%	77.76%	76.82%	77.55%	77.84%
Interest Burden Percent	100.22%	100.69%	106.42%	162.61%	96.38%	-182.04%	90.19%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	-2.47%	0.00%	23.35%	22.24%	23.18%	22.45%	22.16%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-4.71%	887.60%	166.78%	46.03%	109.83%	101.71%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	3.82%	895.51%	166.63%	44.94%	107.24%	98.61%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	-2.51%	-838.09%	-121.11%	-26.34%	-72.74%	-73.01%
Return on Equity (ROE)	231.31%	14.86%	13.88%	11.87%	-383.07%	-7.22%	49.51%	45.68%	19.68%	37.09%	28.70%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	39.68%	179.70%	761.35%	24.09%	45.75%	151.59%	76.15%
Operating Return on Assets (OROA)	-119.29%	-22.35%	-21.51%	-15.42%	245.39%	2.78%	46.79%	49.00%	21.54%	39.06%	30.51%
Return on Assets (ROA)	-149.75%	-22.77%	-22.90%	-23.71%	242.34%	-3.60%	32.34%	38.10%	16.55%	30.29%	23.75%
Return on Common Equity (ROCE)	231.31%	14.86%	13.88%	11.87%	-383.07%	-7.22%	49.51%	45.68%	19.68%	37.09%	28.70%
Return on Equity Simple (ROE_SIMPLE)	107.69%	13.87%	13.81%	11.21%	409.86%	-7.41%	43.41%	39.84%	19.93%	34.58%	27.44%
Net Operating Profit after Tax (NOPAT)	-147	-22	-22	-13	364	-1.63	65	69	33	65	54
NOPAT Margin	-4,674.35%	-265.01%	-144.86%	-107.54%	76.27%	-6.08%	51.83%	51.83%	29.61%	46.35%	39.27%
Net Nonoperating Expense Percent (NNEP)	-125.55%	-16.59%	-35.16%	73.93%	-752.42%	-8.53%	-7.91%	0.15%	1.09%	2.59%	3.10%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	19.28%	32.94%	25.24%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	19.97%	6.67%	11.84%	12.42%	9.42%	12.74%	22.56%
SG&A Expenses to Revenue	402.78%	129.43%	91.50%	100.28%	2.70%	49.56%	11.78%	13.49%	31.70%	15.75%	18.12%
R&D to Revenue	341.02%	160.60%	131.51%	135.95%	2.73%	49.75%	8.75%	7.44%	20.33%	11.74%	8.87%
Operating Expenses to Revenue	6,777.64%	478.59%	306.94%	253.63%	5.59%	102.02%	20.54%	20.93%	52.04%	27.50%	26.99%
Earnings before Interest and Taxes (EBIT)	-211	-39	-37	-24	427	5.59	82	89	44	88	76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-211	-38	-37	-23	427	6.12	82	90	45	88	77
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	4.99	3.19	3.51	2.59	2.72	1.88	1.99
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	5.03	3.22	3.53	2.60	2.73	1.89	2.00
Price to Revenue (P/Rev)	19.84	10.97	6.00	10.66	1.08	11.68	3.64	3.37	4.18	2.65	3.09
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	1.22	0.00	8.08	6.49	13.64	5.45	7.25
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.10%	8.63%	17.47%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	82.20%	0.00%	12.38%	15.41%	7.33%	18.36%	13.80%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	7.18	85.95	28.32	4.88	5.10	4.72	4.53
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	7.85	13.96	1.00	8.65	2.70	2.60	3.28	1.58	1.97
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	1.12	37.80	4.11	3.87	8.15	2.50	3.57
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	1.12	41.36	4.14	3.89	8.24	2.51	3.60
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	1.31	0.00	5.21	5.02	11.09	3.40	5.03
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	6.92	0.00	4.71	30.24	8.74	2.33	5.61
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	18.10	3.73	6.07	34.73	11.15	2.47	6.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.01	0.00	-0.23	-0.22	0.73	0.82	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	-0.23	-0.22	0.73	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.82	0.40	0.18	-0.10	-0.07	-0.66	-0.94	-0.73	-0.59	-0.68	-0.74
Leverage Ratio	-1.54	-0.65	-0.61	-0.50	-1.58	2.00	1.53	1.20	1.19	1.22	1.21
Compound Leverage Factor	-1.55	-0.66	-0.65	-0.81	-1.52	-3.65	1.38	1.20	1.19	1.22	1.21
Debt to Total Capital	-0.81%	0.00%	-30.13%	-28.18%	42.33%	45.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	-0.81%	0.00%	0.00%	0.00%	0.00%	45.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	-30.13%	-28.18%	42.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.81%	100.00%	130.13%	128.18%	57.67%	54.99%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-0.01	0.00	-1.79	-3.03	0.18	13.08	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.48	0.00	-0.75	-1.73	-0.09	-13.23	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	-1.79	-3.03	0.18	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.01	0.00	-3.07	-5.38	0.21	-49.24	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.69	0.00	-1.28	-3.07	-0.10	49.80	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	-3.07	-5.38	0.21	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-7.04	-3.22	-4.45	-5.23	12.19	1.75	16.43	9.35	13.02	6.22	11.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	16.64	17.65	9.74	5.49	10.70	1.96	13.70	6.85	8.63	4.42	9.12
Quick Ratio	13.43	15.87	4.49	3.18	9.05	0.76	11.56	6.13	6.70	3.16	6.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	131	27	-142	-19	26	62	56	10	33	90	41
Operating Cash Flow to CapEx	0.00%	10,196.49%	-488,205.81%	-18,364.00%	0.00%	-62,570.64%	461,384.61%	22,707.70%	0.00%	437,145.31%	114,868.80%
Free Cash Flow to Firm to Interest Expense	287.58	102.15	-59.20	-1.29	1.70	3.93	6.95	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	31.10	41.65	-48.76	-1.25	4.45	-1.15	8.94	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	32.29	41.24	-48.77	-1.25	4.46	-1.16	8.94	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.05	0.09	0.08	2.74	0.13	0.72	0.73	0.54	0.62	0.56
Accounts Receivable Turnover	4.26	3.92	4.39	4.95	253.67	8.73	33.29	3.07	1.72	4.21	6.56
Inventory Turnover	0.00	0.00	0.00	0.00	32.34	0.28	0.99	0.83	0.35	0.34	0.55
Fixed Asset Turnover	2.84	12.76	40.00	56.01	3,078.62	19.17	52.92	59.81	52.57	88.00	105.48
Accounts Payable Turnover	0.00	0.00	0.00	0.00	63.15	0.75	6.83	10.04	3.88	7.41	22.38
Days Sales Outstanding (DSO)	85.65	93.05	83.18	73.73	1.44	41.81	10.97	118.77	212.62	86.79	55.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	11.29	1,285.81	368.99	437.25	1,028.32	1,059.58	663.66
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	5.78	485.47	53.43	36.34	94.17	49.26	16.31
Cash Conversion Cycle (CCC)	85.65	93.05	83.18	73.73	6.94	842.16	326.53	519.67	1,146.76	1,097.11	702.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-348	-397	-277	-271	66	2.69	12	71	71	47	60
Invested Capital Turnover	-0.02	-0.02	-0.04	-0.04	-4.66	0.77	17.13	3.22	1.55	2.37	2.59
Increase / (Decrease) in Invested Capital	-278	-49	120	5.86	338	-64	9.21	59	0.19	-25	14
Enterprise Value (EV)	-39	-23	118	171	477	231	337	348	364	221	274
Market Capitalization	62	90	90	131	513	312	455	451	463	371	429
Book Value per Share	($4.61)	($5.26)	($5.29)	($4.10)	$1.28	$1.21	$1.68	$2.35	$2.33	$2.77	$3.02
Tangible Book Value per Share	($4.62)	($5.27)	($5.31)	($4.11)	$1.27	$1.20	$1.67	$2.34	$2.32	$2.76	$3.01
Total Capital	-245	-284	-221	-252	178	178	130	174	170	197	216
Total Debt	1.99	0.00	67	71	76	80	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	67	71	76	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-102	-113	28	40	-37	-81	-118	-103	-99	-150	-155
Capital Expenditures (CapEx)	-0.54	0.11	0.02	0.10	-0.10	0.03	0.02	0.05	0.00	0.02	0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	15	9.41	23	-0.01	-2.15	7.36	15	75	65	35	50
Debt-free Net Working Capital (DFNWC)	119	122	62	31	110	168	133	178	164	185	206
Net Working Capital (NWC)	117	122	62	31	110	88	133	178	164	185	206
Net Nonoperating Expense (NNE)	119	18	18	23	-58	5.62	8.43	-0.17	-1.10	-3.22	-4.74
Net Nonoperating Obligations (NNO)	-102	-113	10	52	-37	-95	-118	-103	-99	-150	-155
Total Depreciation and Amortization (D&A)	0.35	0.25	0.17	0.13	0.07	0.53	0.53	0.52	0.52	0.54	0.54
Debt-free, Cash-free Net Working Capital to Revenue	476.60%	115.15%	154.91%	-0.04%	-0.45%	27.54%	12.19%	56.20%	59.11%	24.82%	36.27%
Debt-free Net Working Capital to Revenue	3,779.77%	1,493.73%	414.06%	249.04%	23.05%	629.54%	106.53%	133.36%	148.29%	132.13%	148.29%
Net Working Capital to Revenue	3,716.39%	1,493.73%	414.06%	249.04%	23.05%	330.21%	106.53%	133.36%	148.29%	132.13%	148.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($4.97)	($0.73)	($0.69)	($0.46)	$0.00	($0.09)	$0.71	$0.92	$0.46	$0.95	$0.83
Adjusted Weighted Average Basic Shares Outstanding	53.42M	53.78M	78.78M	79.04M	79.92M	81.03M	79.26M	75.32M	72.93M	71.36M	71.25M
Adjusted Diluted Earnings per Share	($4.97)	($0.73)	($0.69)	($0.46)	$0.00	($0.15)	$0.71	$0.91	$0.46	$0.95	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	53.42M	53.78M	78.78M	79.04M	82.71M	82.18M	79.44M	76.40M	73.55M	71.68M	71.91M
Adjusted Basic & Diluted Earnings per Share	($4.97)	$0.00	($0.69)	($0.46)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.50M	54.11M	57.19M	78.87M	80.94M	81.27M	76.75M	73.03M	72.20M	71.09M	71.44M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-12	-22	-13	249	-1.63	65	69	33	65	54
Normalized NOPAT Margin	-472.68%	-141.66%	-144.86%	-107.54%	52.11%	-6.08%	51.83%	51.83%	29.61%	46.35%	39.27%
Pre Tax Income Margin	-6,749.87%	-476.88%	-264.78%	-312.41%	86.29%	-38.06%	58.83%	66.81%	39.84%	62.73%	54.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-463.96	-145.18	-15.57	-1.60	27.59	0.35	10.19	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-321.99	-81.23	-9.06	-0.89	23.51	-0.10	8.10	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-462.78	-145.59	-15.58	-1.60	27.60	0.35	10.19	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-320.80	-81.64	-9.07	-0.90	23.52	-0.10	8.10	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	97.16%	47.21%	72.05%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-0.23%	0.00%	0.00%	50.59%	37.47%	135.52%	63.48%	72.05%

This table displays calculated financial ratios and metrics derived from Siga Technologies' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	71,436,927.00	71,441,083.00	71,606,003.00	71,611,302.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	71,436,927.00	71,441,083.00	71,606,003.00	71,611,302.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-0.01	0.50	-0.09	-0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-64.73%	-87.21%	925.53%	205.54%	271.05%	8.39%	-30.06%	-72.31%	271.92%	-73.83%	-11.34%
EBITDA Growth	-199.78%	-100.67%	14,515.98%	1,329.23%	176.60%	789.58%	-36.87%	-103.26%	1,767.56%	-510.50%	-794.89%
EBIT Growth	-207.99%	-100.99%	12,061.99%	1,185.50%	169.55%	539.48%	-36.92%	-104.32%	1,871.45%	-546.22%	-608.90%
NOPAT Growth	-265.72%	-102.79%	5,746.29%	694.05%	125.42%	142.45%	-37.48%	-118.01%	4,054.60%	-1,939.29%	-135.93%
Net Income Growth	-241.16%	-101.19%	9,000.72%	1,219.23%	163.73%	441.91%	-36.67%	-103.97%	1,836.20%	-573.67%	-746.17%
EPS Growth	-233.33%	-102.22%	10,200.00%	1,500.00%	175.00%	300.00%	-37.62%	-107.14%	1,533.33%	-550.00%	-400.00%
Operating Cash Flow Growth	-62.16%	-6.65%	1,074.95%	-125.03%	266.29%	-44.79%	-28.75%	215.42%	959.64%	-32.92%	-222.69%
Free Cash Flow Firm Growth	-412.91%	156.19%	6,687.33%	74.21%	53.91%	-277.41%	-67.81%	196.98%	670.73%	287.95%	-87.52%
Invested Capital Growth	89.64%	-16.35%	-34.55%	37.45%	26.64%	32.33%	29.31%	-15.57%	-55.70%	-55.08%	-8.85%
Revenue Q/Q Growth	-29.37%	57.11%	1,161.27%	-78.17%	-14.23%	-54.11%	713.89%	-91.36%	1,052.14%	-96.77%	0.00%
EBITDA Q/Q Growth	-205.00%	91.24%	32,151.92%	-85.64%	-80.99%	-21.18%	2,834.21%	-100.74%	10,996.44%	-117.33%	0.00%
EBIT Q/Q Growth	-183.13%	87.64%	21,895.11%	-85.77%	-81.86%	-21.90%	3,028.40%	-100.97%	8,387.33%	-117.68%	0.00%
NOPAT Q/Q Growth	-120.00%	71.77%	7,883.00%	-87.71%	-90.59%	-52.86%	11,361.61%	-103.54%	2,271.80%	-120.87%	0.00%
Net Income Q/Q Growth	-213.15%	86.33%	18,482.57%	-85.78%	-82.17%	-26.67%	3,304.92%	-100.89%	8,792.09%	-117.94%	0.00%
EPS Q/Q Growth	-300.00%	75.00%	10,200.00%	-86.14%	-78.57%	-33.33%	3,050.00%	-101.59%	5,000.00%	-118.37%	0.00%
Operating Cash Flow Q/Q Growth	-114.64%	-42.43%	1,649.83%	-107.74%	197.31%	-224.02%	862.65%	-87.46%	793.32%	-115.56%	0.00%
Free Cash Flow Firm Q/Q Growth	22.57%	136.51%	916.21%	-108.98%	-38.39%	-40.54%	284.41%	-72.96%	714.48%	-53.72%	0.00%
Invested Capital Q/Q Growth	3.12%	10.79%	-11.91%	36.57%	-4.99%	15.78%	-13.92%	-10.83%	-50.15%	17.41%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.42%	90.29%	87.29%	87.32%	43.55%	83.81%	82.65%	97.76%	68.50%	61.75%	52.89%
EBITDA Margin	-56.38%	-3.14%	79.85%	52.52%	11.64%	19.99%	72.07%	-6.18%	58.45%	-313.51%	-62.37%
Operating Margin	-78.91%	-14.18%	78.71%	44.34%	4.95%	5.42%	70.07%	-32.03%	56.31%	-390.17%	-85.24%
EBIT Margin	-58.65%	-4.61%	79.73%	51.98%	10.99%	18.71%	71.91%	-8.10%	58.27%	-318.93%	-64.78%
Profit (Net Income) Margin	-48.92%	-4.26%	62.03%	40.41%	8.40%	13.43%	56.17%	-5.80%	43.74%	-242.97%	-55.33%
Tax Burden Percent	83.40%	92.25%	77.80%	77.75%	76.43%	71.77%	78.11%	71.57%	75.06%	76.18%	85.42%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	22.20%	22.25%	23.57%	28.23%	21.89%	0.00%	24.94%	0.00%	0.00%
Return on Invested Capital (ROIC)	-147.76%	-5.93%	145.12%	98.24%	12.07%	10.96%	141.76%	-45.87%	173.64%	-925.22%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-148.15%	-6.51%	144.38%	96.85%	10.97%	9.84%	141.00%	-46.75%	172.81%	-925.80%	0.00%
Return on Net Nonoperating Assets (RNNOA)	107.10%	3.96%	-97.92%	-64.22%	-6.89%	-5.71%	-104.40%	32.32%	-132.71%	673.33%	0.00%
Return on Equity (ROE)	-40.66%	-1.97%	47.20%	34.02%	5.18%	5.25%	37.37%	-13.54%	40.93%	-251.88%	0.00%
Cash Return on Invested Capital (CROIC)	9.62%	5.94%	151.59%	104.97%	123.68%	104.02%	76.15%	91.66%	254.43%	212.43%	9.26%
Operating Return on Assets (OROA)	-37.42%	-0.89%	49.65%	38.22%	11.21%	18.38%	40.00%	-3.98%	48.92%	-257.33%	0.00%
Return on Assets (ROA)	-31.21%	-0.82%	38.63%	29.72%	8.57%	13.19%	31.25%	-2.85%	36.72%	-196.05%	0.00%
Return on Common Equity (ROCE)	-40.66%	-1.97%	47.20%	34.02%	5.18%	5.25%	37.37%	-13.54%	40.93%	-251.88%	0.00%
Return on Equity Simple (ROE_SIMPLE)	22.92%	-4.03%	0.00%	48.04%	50.12%	50.58%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.25	-0.92	71	8.77	0.83	0.39	45	-1.58	34	-7.16	-3.72
NOPAT Margin	-55.24%	-9.92%	61.24%	34.48%	3.78%	3.89%	54.73%	-22.42%	42.27%	-273.12%	-59.67%
Net Nonoperating Expense Percent (NNEP)	0.39%	0.58%	0.74%	1.39%	1.10%	1.12%	0.77%	0.89%	0.83%	0.58%	0.20%
Return On Investment Capital (ROIC_SIMPLE)	-	-	36.23%	-	-	-	20.66%	-0.73%	16.38%	-3.52%	-2.46%
Cost of Revenue to Revenue	16.58%	9.71%	12.71%	12.68%	56.45%	16.19%	17.35%	2.24%	31.50%	38.25%	47.11%
SG&A Expenses to Revenue	75.29%	64.97%	6.34%	30.97%	25.36%	48.18%	8.48%	80.61%	6.76%	182.69%	74.86%
R&D to Revenue	87.04%	39.50%	2.25%	12.01%	13.25%	30.22%	4.10%	49.18%	5.42%	269.24%	63.27%
Operating Expenses to Revenue	162.33%	104.47%	8.59%	42.98%	38.60%	78.40%	12.58%	129.79%	12.19%	451.93%	138.13%
Earnings before Interest and Taxes (EBIT)	-3.45	-0.43	93	13	2.40	1.87	59	-0.57	47	-8.36	-4.04
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-3.31	-0.29	93	13	2.54	2.00	59	-0.44	47	-8.21	-3.89
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.70	2.80	1.88	3.69	3.22	2.84	1.99	1.45	2.23	3.22	2.24
Price to Tangible Book Value (P/TBV)	2.72	2.82	1.89	3.71	3.24	2.86	2.00	1.46	2.24	3.23	2.25
Price to Revenue (P/Rev)	3.43	9.99	2.65	3.88	3.12	2.77	3.09	2.61	2.59	3.80	0.00
Price to Earnings (P/E)	11.65	0.00	5.45	7.68	6.43	5.62	7.25	6.46	5.67	8.80	0.00
Dividend Yield	9.57%	9.20%	8.63%	12.27%	13.83%	15.56%	17.47%	0.00%	9.20%	6.56%	12.68%
Earnings Yield	8.59%	0.00%	18.36%	13.03%	15.56%	17.79%	13.80%	15.48%	17.64%	11.37%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.41	5.21	4.72	7.28	7.14	5.45	4.53	2.81	10.55	15.33	3.94
Enterprise Value to Revenue (EV/Rev)	2.65	7.95	1.58	2.96	2.50	2.20	1.97	1.26	1.58	2.81	0.00
Enterprise Value to EBITDA (EV/EBITDA)	6.78	0.00	2.50	4.52	3.99	3.45	3.57	2.41	2.63	4.96	0.00
Enterprise Value to EBIT (EV/EBIT)	6.87	0.00	2.51	4.55	4.01	3.47	3.60	2.43	2.64	4.99	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.91	0.00	3.40	6.18	5.42	4.71	5.03	3.44	3.66	6.97	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	32.46	36.09	2.33	7.23	5.87	5.35	5.61	2.44	2.38	4.14	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	73.71	79.93	2.47	8.03	6.45	5.97	6.71	2.81	2.55	4.47	40.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.72	-0.61	-0.68	-0.66	-0.63	-0.58	-0.74	-0.69	-0.77	-0.73	-0.72
Leverage Ratio	1.16	1.22	1.22	1.31	1.16	1.20	1.21	1.29	1.14	1.14	1.27
Compound Leverage Factor	1.16	1.22	1.22	1.31	1.16	1.20	1.21	1.29	1.14	1.14	1.27
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.44	6.19	6.28	5.84	14.30	12.56	11.26	7.43	13.03	15.43	3.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.07	4.75	4.42	3.05	8.26	8.10	9.12	8.40	10.09	9.17	3.25
Quick Ratio	4.33	2.57	3.16	2.17	5.42	4.99	6.97	6.10	8.32	7.02	2.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	9.45	96	-8.62	-12	-17	31	8.35	68	31	1.04
Operating Cash Flow to CapEx	-16,509.02%	0.00%	0.00%	0.00%	272,466.54%	-32,922.24%	315,674.96%	28,368.92%	6,308,482,900.00%	-3,389.25%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.19	0.62	0.74	1.02	0.98	0.56	0.49	0.84	0.81	0.00
Accounts Receivable Turnover	7.63	1.11	4.21	10.32	23.09	17.25	6.56	9.51	23.27	23.63	0.00
Inventory Turnover	0.21	0.08	0.34	0.37	0.59	0.50	0.55	0.46	0.91	0.74	0.00
Fixed Asset Turnover	52.64	20.18	88.00	107.90	110.78	120.62	105.48	101.07	140.00	132.09	0.00
Accounts Payable Turnover	6.06	2.59	7.41	10.86	29.55	35.03	22.38	15.04	37.27	12.98	0.00
Days Sales Outstanding (DSO)	47.83	330.31	86.79	35.38	15.81	21.16	55.65	38.39	15.69	15.45	0.00
Days Inventory Outstanding (DIO)	1,756.22	4,499.30	1,059.58	974.85	620.23	725.03	663.66	793.99	401.76	491.62	0.00
Days Payable Outstanding (DPO)	60.25	140.75	49.26	33.59	12.35	10.42	16.31	24.27	9.79	28.12	0.00
Cash Conversion Cycle (CCC)	1,743.81	4,688.87	1,097.11	976.64	623.69	735.76	702.99	808.11	407.66	478.94	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	48	53	47	64	61	70	60	54	27	32	49
Invested Capital Turnover	2.68	0.60	2.37	2.85	3.19	2.82	2.59	2.05	4.11	3.39	0.00
Increase / (Decrease) in Invested Capital	23	-10	-25	17	13	17	14	-9.93	-34	-39	-4.77
Enterprise Value (EV)	259	277	221	465	433	382	274	151	283	483	193
Market Capitalization	335	348	371	609	540	482	429	314	466	655	339
Book Value per Share	$1.74	$1.75	$2.77	$2.32	$2.36	$2.37	$3.02	$3.03	$2.93	$2.84	$2.12
Tangible Book Value per Share	$1.73	$1.73	$2.76	$2.31	$2.34	$2.36	$3.01	$3.01	$2.92	$2.83	$2.10
Total Capital	124	124	197	165	168	169	216	216	209	203	152
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-76	-71	-150	-144	-107	-99	-155	-162	-182	-172	-146
Capital Expenditures (CapEx)	0.02	0.00	0.00	0.00	0.00	0.02	0.02	0.02	0.00	0.29	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	39	44	35	9.21	48	59	50	44	24	31	0.81
Debt-free Net Working Capital (DFNWC)	115	115	185	153	155	158	206	206	206	203	146
Net Working Capital (NWC)	115	115	185	153	155	158	206	206	206	203	146
Net Nonoperating Expense (NNE)	-0.37	-0.52	-0.93	-1.51	-1.01	-0.95	-1.17	-1.17	-1.20	-0.79	-0.27
Net Nonoperating Obligations (NNO)	-76	-71	-150	-101	-107	-99	-155	-162	-182	-172	-103
Total Depreciation and Amortization (D&A)	0.13	0.14	0.14	0.14	0.14	0.13	0.13	0.14	0.14	0.14	0.15
Debt-free, Cash-free Net Working Capital to Revenue	39.99%	126.78%	24.82%	5.87%	27.84%	34.03%	36.27%	36.19%	13.37%	17.97%	0.00%
Debt-free Net Working Capital to Revenue	117.94%	331.16%	132.13%	97.49%	89.67%	91.17%	148.29%	171.05%	114.94%	117.80%	0.00%
Net Working Capital to Revenue	117.94%	331.16%	132.13%	97.49%	89.67%	91.17%	148.29%	171.05%	114.94%	117.80%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.01)	$1.01	$0.14	$0.03	$0.02	$0.64	($0.01)	$0.50	($0.09)	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	71.09M	71.08M	71.36M	71.09M	71.15M	71.37M	71.25M	71.43M	71.47M	71.60M	71.65M
Adjusted Diluted Earnings per Share	($0.04)	($0.01)	$1.01	$0.14	$0.03	$0.02	$0.63	($0.01)	$0.49	($0.09)	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	71.09M	71.08M	71.68M	71.56M	71.75M	71.77M	71.91M	71.43M	71.75M	71.60M	71.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	71.08M	71.09M	71.09M	71.12M	71.37M	71.40M	71.44M	71.44M	71.61M	71.61M	71.72M
Normalized Net Operating Profit after Tax (NOPAT)	-3.25	-0.92	71	8.77	0.83	0.39	45	-1.58	34	-7.16	-3.72
Normalized NOPAT Margin	-55.24%	-9.92%	61.24%	34.48%	3.78%	3.89%	54.73%	-22.42%	42.27%	-273.12%	-59.67%
Pre Tax Income Margin	-58.65%	-4.61%	79.73%	51.98%	10.99%	18.71%	71.91%	-8.10%	58.27%	-318.93%	-64.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	113.00%	-642.81%	47.21%	0.00%	50.82%	49.78%	72.05%	0.00%	52.15%	57.78%	0.00%
Augmented Payout Ratio	161.98%	-921.47%	63.48%	4.44%	50.82%	49.78%	72.05%	0.00%	52.15%	57.78%	0.00%

Financials Breakdown Chart

Key Financial Trends

SIGA Technologies shows a very different profile in 2025–2026 than it did during the boom period in 2023 and early 2024. Revenue has normalized sharply from the extraordinary levels seen a year ago, and the company has moved back into quarterly losses. That said, SIGA still has a very strong balance sheet, with a large cash position and no obvious leverage concerns.

Top-line trends are the biggest story. In Q1 2026, revenue was $6.2 million, down from $81.1 million in Q2 2025 and $62.4 million in Q1 2025, and far below the peak quarter of $116.5 million in Q4 2023. This suggests SIGA is well past the extraordinary demand surge that drove its earlier results.

Profitability has weakened materially. SIGA posted a Q1 2026 net loss of $3.5 million, compared with a loss of just $408 thousand in Q1 2025 and a profit of $35.5 million in Q2 2025. On an operating basis, Q1 2026 was a $5.3 million loss, showing that lower revenue is no longer being offset by operating leverage.

Cash generation also deteriorated in the latest quarter. Operating cash flow was negative $8.7 million in Q1 2026, versus positive $63.1 million in Q2 2025 and positive $7.1 million in Q1 2025. The shift from strong cash generation to cash burn is a notable downside trend for investors.

The balance sheet remains the company’s key strength. As of March 31, 2026, SIGA held $145.6 million in cash and equivalents, compared with $67.8 million in total liabilities and $151.6 million in equity. That gives the company a sizable liquidity cushion even as earnings soften.

Working capital has become less favorable. Total current assets declined to $211.5 million from $227.7 million at Q3 2025, while current liabilities increased to $65.2 million from $24.8 million. A major driver was the rise in dividends payable to $43.0 million, which is something investors should watch closely.

Gross margin compressed sharply in Q1 2026. Gross profit was $3.3 million on revenue of $6.2 million, implying a much thinner margin than in the 2024 and 2025 peak periods. In Q2 2025, by comparison, gross profit was $55.6 million on $81.1 million of revenue.

Expenses remain elevated relative to the new revenue base. SG&A was $4.7 million and R&D was $4.0 million in Q1 2026. With revenue now far below prior peak levels, these costs are weighing heavily on bottom-line performance.

Not all trends are negative. Shares outstanding have been relatively stable over the period, and SIGA continues to generate some other income, which helped offset losses in the latest quarter. Depreciation and other non-cash items also continue to support reported cash flow to some degree.

Large cash position: SIGA ended Q1 2026 with $145.6 million in cash and equivalents.
No debt pressure apparent: liabilities remain modest relative to assets and equity.
Still profitable in recent history: the company generated strong profits in 2025 and late 2024 before the recent slowdown.
Revenue normalization: sales have fallen sharply from 2023–2025 peaks, but the current level may reflect a return to a more typical run rate.
Other income support: non-operating income continues to help results, though it is not a substitute for operating earnings.
Q1 2026 operating loss: the company lost $5.3 million from operations.
Q1 2026 free cash flow pressure: operating cash flow was negative $8.7 million.
Revenue collapse vs. peak periods: revenue fell from $81.1 million in Q2 2025 to $6.2 million in Q1 2026.
Dividend payable rose sharply: current liabilities were inflated by $43.0 million of dividends payable.
Costs are heavy relative to revenue: SG&A and R&D remain large compared with the reduced sales base.

Bottom line: SIGA still looks financially resilient thanks to its cash balance and low liability load, but the operating picture has weakened significantly. Investors will likely want to see whether revenue stabilizes at a lower level and whether management can bring expenses and cash usage back in line with the new demand environment.

07/05/26 12:38 PM ETAI Generated. May Contain Errors.

Siga Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Siga Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

Siga Technologies' net income appears to be on an upward trend, with a most recent value of $59.21 million in 2024, falling from -$265.46 million in 2014. The previous period was $68.07 million in 2023. Find out what analysts predict for Siga Technologies in the coming months.

Siga Technologies' total operating income in 2024 was $69.98 million, based on the following breakdown:

Total Gross Profit: $107.43 million
Total Operating Expenses: $37.45 million

Over the last 10 years, Siga Technologies' total revenue changed from $3.14 million in 2014 to $138.72 million in 2024, a change of 4,318.0%.

Siga Technologies' total liabilities were at $20.65 million at the end of 2025, a 27.6% decrease from 2024, and a 95.6% decrease since 2015.

In the past 10 years, Siga Technologies' cash and equivalents has ranged from $19.86 million in 2017 to $155.40 million in 2024, and is currently $154.97 million as of their latest financial filing in 2025.

Over the last 10 years, Siga Technologies' book value per share changed from -4.61 in 2014 to 3.02 in 2024, a change of -165.6%.

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Financial statements for NASDAQ:SIGA last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Siga Technologies (SIGA) Financials

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