10-Q quarterly report · filed Nov 4, 2025

SOLENO THERAPEUTICS INC (SLNO) Q3 2025 10-Q Quarterly Report

Short answer

SOLENO THERAPEUTICS INC (SLNO) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $66M with net income of $26M.

Q3 2025 key financials · XBRL

Revenue
$66M
+102.2% QoQ
Net income
$26M
+134.0% YoY · +652.5% QoQ
Operating margin
33.5%
EPS (diluted)
$0.55
+128.6% YoY · +1200.0% QoQ

Source: XBRL data from the SOLENO THERAPEUTICS INC (SLNO) Q3 2025 10-Q on SEC EDGAR. USD.

SOLENO THERAPEUTICS INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • Newly added risk: FDA approval of VYKAT XR on March 26, 2025 triggered commercialization challenges and operating expense increases
  • Materially updated risk: Debt summary updated with $50M outstanding, potential additional $100M availability, floating interest at SOFR +5.50%
  • Regulatory risk: Post-marketing requirements and Orange Book patent challenges risk impacting VYKAT XR commercial exclusivity
  • Market risk: Uncertainty in adoption of VYKAT XR due to rare PWS prevalence estimates and third-party payer coverage unpredictability
  • Financial risk: Cash $246.7M, marketable securities $309.4M at Sept 30, 2025; need for possible equity or debt financing with dilution or restrictive covenants

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

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