Onconetix, Inc. stock research
FY2025 Q4
Onconetix (ONCO) Gross Margin — Quarter Ended Dec 31, 2025
For this fiscal quarter, revenue was slightly lower sequentially while cost of revenue increased, causing gross profit to decline and gross margin to weaken. Compared to the same quarter one year earlier, revenue was significantly lower, and gross margin contracted as cost of revenue remained relatively stable on a lower revenue base.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
For this fiscal quarter, revenue was slightly lower sequentially while cost of revenue increased, causing gross profit to decline and gross margin to weaken. Compared to the same quarter one year earlier, revenue was significantly lower, and gross margin contracted as cost of revenue remained relatively stable on a lower revenue base.
- The most observable driver of gross margin in the current quarter was the increase in cost of revenue relative to revenue, which compressed gross profit. Revenue held nearly flat against the prior quarter but cost of revenue rose, resulting in a lower gross margin.
- Versus the immediately preceding quarter, revenue was essentially stable, but cost of revenue was higher, causing gross profit to be lower and gross margin to weaken. Compared to the same quarter one year ago, revenue was substantially lower, and while cost of revenue was slightly higher, the gross margin contracted notably.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
81.6%
Gross profit
$247684
Revenue
$303596
Cost of revenue
$55912
Quarter-over-quarter change
-7.0 pts
Year-over-year change
-11.1 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $101630 | $45832 | $55798 | 45.1% |
| Jun 30, 2025 | $106494 | $70503 | $35991 | 66.2% |
| Sep 30, 2025 | $303651 | $268894 | $34757 | 88.6% |
| Dec 31, 2025 | $303596 | $247684 | $55912 | 81.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-7.0 pts
Year-over-year change
Dec 31, 2024
-11.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver of gross margin in the current quarter was the increase in cost of revenue relative to revenue, which compressed gross profit. Revenue held nearly flat against the prior quarter but cost of revenue rose, resulting in a lower gross margin.
Versus the immediately preceding quarter, revenue was essentially stable, but cost of revenue was higher, causing gross profit to be lower and gross margin to weaken. Compared to the same quarter one year ago, revenue was substantially lower, and while cost of revenue was slightly higher, the gross margin contracted notably.
Monitor movements in cost of revenue, as it increased sequentially while revenue held flat, directly pressuring gross margin.