10-Q quarterly report · filed Nov 6, 2025

SIGA TECHNOLOGIES INC (SIGA) Q3 2025 10-Q Quarterly Report

Short answer

SIGA TECHNOLOGIES INC (SIGA) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3M (down 73.8% year over year) with net income of −$6M.

Q3 2025 key financials · XBRL

Revenue
$3M
−73.8% YoY · −96.8% QoQ
Net income
−$6M
−573.7% YoY · −117.9% QoQ
Operating margin
-390.2%
EPS (diluted)
−$0.09
−550.0% YoY · −118.0% QoQ

Source: XBRL data from the SIGA TECHNOLOGIES INC (SIGA) Q3 2025 10-Q on SEC EDGAR. USD.

SIGA TECHNOLOGIES INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $2.6M vs $10.0M YoY, down $7.4M
  • Q3 product and services revenue $0.9M vs $8.9M, while R&D revenue rose to $1.7M from $1.1M
  • Best product line: nine-month oral TPOXX® sales $53.3M vs IV TPOXX® $25.8M
  • Cash $172.0M vs $155.4M at December 31, 2024; nine-month operating cash flow $60.3M
  • Headwinds: EMA referral over mpox effectiveness, potential tariff-driven cost increases, and R&D expense rising to $7.1M from $3.0M

Risk Factors

  • Newly added federal shutdown risk triggered by current U.S. government shutdown
  • Government contracting delays threatening revenue from federal agency customers
  • Budget uncertainty potentially reducing future procurement opportunities for SIGA products
  • Prolonged shutdown impairing financial condition, operations, and strategic execution

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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