Scilex Holding Co(SCLX)Stock Analysis
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Rank #2,672 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SCLX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Scilex Holding Co (SCLX), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores SCLX at 20.5/100 on a 32-signal composite quality model, placing it at rank #2,672 of 2,879 stocks — the bottom half of the AI-ranked universe. SCLX scores in the top quartile across free cash flow (94.2). Areas of concern include balance sheet strength (0.7) and profitability (2.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 4.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Scilex Holding Co reports quarterly revenue of $8.6M, net income of $-45.6M, free cash flow of $-1.1M. Top institutional holders of SCLX by reported 13-F value include ARMISTICE CAPITAL,, VANGUARD CAPITAL MANAGEMENT, BlackRock,, based on the most recent SEC filings. SCLX trades on the Nasdaq exchange and files with the SEC under CIK 1820190. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SCLX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Scilex Holding Co directly from SEC EDGAR. Scilex Holding Co's 13F Pro composite quality score has ranged between 12 and 40 since 2023, currently 20.5 — a declining long-term trajectory across 20 quarterly and live scoring snapshots.
Revenue
Q1 2026
$8.6M
Net Income
Q1 2026
$-45.6M
Free Cash Flow
Q1 2026
$-1.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+21.1% YoYNet Income
+36.3% YoYOperating Income
+20.9% YoYEPS (Diluted)
-528.9% YoYTotal Assets
-8.2% YoYTotal Debt
-67.8% YoYOp. Cash Flow
+193.4% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Revenue | $56.6M +21.1% | $46.7M +22.9% | $38.0M +21.4% | $31.3M | — |
| Net Income | $-72.8M +36.3% | $-114.3M -389.3% | $-23.4M +73.6% | $-88.4M | — |
| Operating Income | $-83.4M +20.9% | $-105.4M -108.2% | $-50.6M -41.3% | $-35.8M | — |
| EPS (Diluted) | $-8.05 -528.9% | $-1.28 -652.9% | $-0.17 -942.9% | $-0.02 | — |
| Total Assets | $93.0M -8.2% | $101.3M +17.1% | $86.5M -38.2% | $139.9M | — |
| Total Debt | $34.9M -67.8% | $108.4M | $0.00 -100.0% | $139.1M | — |
| Operating Cash Flow | $19.3M +193.4% | $-20.7M +2.6% | $-21.3M +25.8% | $-28.7M | — |
AI Insight: SCLX Financial Trends
Scilex is in financial distress with collapsing revenue, persistent operating losses, and deteriorating cash generation.
• Revenue halved from $16M (Q2 2024) to $9M (Q1 2026), with no recovery trajectory evident across 8 quarters.
• Operating cash flow turned negative in Q4 2025 (−$17M) and remained negative in Q1 2026 (−$1M) after positive flow prior.
• Total debt rose from $35M (Q4 2024 low) to $83M (Q4 2025), while equity remained deeply negative (−$249M in Q1 2026).
⚠ Q3 2025 saw a $258M net loss spike (vs. typical −$26M to −$6M), suggesting a one-time charge or impairment; sustainability unclear.
⚠ Operating losses widened dramatically in Q3–Q4 2025 (−$187M, −$111M) before partial recovery to −$32M in Q1 2026.
AI Insight: SCLX Ratio Trends
Scilex deteriorated sharply through 2024 with operating margins collapsing to -190.5% in Q4 2024, followed by accelerating ROA declines into Q1 2026 at -62.2%.
• Operating margin swung from -95.4% (Q2 2024) to -190.5% (Q4 2024), signaling deepening operational losses.
• Net profit margin deteriorated to -43.4% in Q4 2024, indicating severe bottom-line pressure.
• ROA worsened from -17.5% (Q3 2024) to -62.2% (Q1 2026), reflecting mounting asset efficiency collapse.
⚠ ROA contraction accelerated post-Q4 2024 (-27.8% to -62.2%), suggesting deteriorating fundamentals persist into 2026.
⚠ Data gaps across 2025 Q1–Q3 and missing profitability metrics for recent quarters limit visibility into recovery trajectory.
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Available Research
13F Pro tracks comprehensive data for Scilex Holding Co including:
Top Institutional Holders of SCLX
ARMISTICE CAPITAL, LLC
$2.0M297,706 shVANGUARD CAPITAL MANAGEMENT LLC
$1.8M264,050 shBlackRock, Inc.
$684.6K102,796 shVANGUARD FIDUCIARY TRUST CO
$264.1K39,658 shRENAISSANCE TECHNOLOGIES LLC
$245.5K36,864 shSTATE STREET CORP
$235.6K35,376 shXTX Topco Ltd
$150.6K22,606 shAshton Thomas Private Wealth, LLC
$119.8K17,989 shNORTHERN TRUST CORP
$100.1K15,033 shMORGAN STANLEY
$79.7K11,973 sh
| Fund | Value | Shares |
|---|---|---|
| ARMISTICE CAPITAL, LLC | $2.0M | 297,706 |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.8M | 264,050 |
| BlackRock, Inc. | $684.6K | 102,796 |
| VANGUARD FIDUCIARY TRUST CO | $264.1K | 39,658 |
| RENAISSANCE TECHNOLOGIES LLC | $245.5K | 36,864 |
| STATE STREET CORP | $235.6K | 35,376 |
| XTX Topco Ltd | $150.6K | 22,606 |
| Ashton Thomas Private Wealth, LLC | $119.8K | 17,989 |
| NORTHERN TRUST CORP | $100.1K | 15,033 |
| MORGAN STANLEY | $79.7K | 11,973 |
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Popular Research
Is SCLX a good stock to buy?
13F Pro's AI-powered analysis of Scilex Holding Co (SCLX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SCLX are available on the SCLX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SCLX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SCLX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Scilex Holding Co's investment landscape.