Onconetix, Inc. stock research
FY2025 Q3
Onconetix (ONCO) Gross Margin — Quarter Ended Sep 30, 2025
Revenue increased from the prior quarter while cost of revenue remained similar, resulting in a higher gross profit and an improved gross margin. Compared to the same quarter one year earlier, revenue was lower but cost of revenue was substantially lower, leading to a significantly higher gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue increased from the prior quarter while cost of revenue remained similar, resulting in a higher gross profit and an improved gross margin. Compared to the same quarter one year earlier, revenue was lower but cost of revenue was substantially lower, leading to a significantly higher gross margin.
- The strongest observable driver of the gross margin improvement was the decline in cost of revenue relative to revenue, as cost of revenue decreased sequentially and was drastically lower than the year-ago level.
- Gross margin improved from the prior quarter and strengthened markedly compared to the same quarter last year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
88.6%
Gross profit
$268894
Revenue
$303651
Cost of revenue
$34757
Quarter-over-quarter change
+22.3 pts
Year-over-year change
+62.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $711976 | $659968 | $52008 | 92.7% |
| Mar 31, 2025 | $101630 | $45832 | $55798 | 45.1% |
| Jun 30, 2025 | $106494 | $70503 | $35991 | 66.2% |
| Sep 30, 2025 | $303651 | $268894 | $34757 | 88.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+22.3 pts
Year-over-year change
Sep 30, 2024
+62.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of the gross margin improvement was the decline in cost of revenue relative to revenue, as cost of revenue decreased sequentially and was drastically lower than the year-ago level.
Gross margin improved from the prior quarter and strengthened markedly compared to the same quarter last year.
Given the company's ongoing operating losses and reliance on capital raises as disclosed in the filing, monitor whether the current gross margin level can be sustained through stable revenue and cost control.