RNXT on Nasdaq
RenovoRx, Inc.
American surgical and medical instruments and apparatus company. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue2¢$327.0K
- Research and development46¢$6.3M
- Selling, general and admin52¢$7.0M
- Income tax0¢$2.0K
Out of $1.1M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $1.1M | $43.0K |
| Cost of Revenue | $327.0K | $0 |
| Gross profit | $796.0K | $43.0K |
| Research and development | $6.3M | $6.0M |
| Selling, general and administrative | $7.0M | $5.0M |
| Total operating expenses | $13.3M | $11.0M |
| Loss from operations | -$12.5M | -$11.0M |
| Change in fair value of warrant liability | $915.0K | $1.8M |
| Interest income, net | $427.0K | $384.0K |
| Total other income, net | $1.3M | $2.2M |
| Net loss | -$11.2M | -$8.8M |
| Net loss per share - basic | -$0.32 | -$0.40 |
| Net loss per share - diluted | -$0.32 | -$0.40 |
| Weighted average shares of common stock - basic | 35.3M shares | 22.3M shares |
| Weighted average shares of common stock - diluted | 35.3M shares | 22.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $7.0M | $7.2M | |
| Accounts receivable | $139.0K | $43.0K | |
| Prepaid expenses | $324.0K | $328.0K | |
| Inventory | $189.0K | $0 | |
| Other current assets | $217.0K | $303.0K | |
| Total current assets | $7.9M | $7.8M | |
| Operating lease right-of-use asset | $190.0K | $278.0K | |
| Property and equipment, net | $12.0K | $12.0K | |
| Total assets | $8.1M | $8.1M | |
| Accounts payable | $799.0K | $586.0K | |
| Accrued expenses and other current liabilities | $1.2M | $1.3M | |
| Total current liabilities | $2.0M | $1.9M | |
| Common stock warrant liability | $604.0K | $1.5M | |
| Operating lease liability, net of current portion | $107.0K | $212.0K | |
| Total liabilities | $2.7M | $3.6M | |
| Convertible preferred stock, $0.0001 par value; 15,000,000 shares authorized as of December 31, 2025 and 2024, respectively; zero shares issued and outstanding at December 31, 2025 and 2024, respectively | $0 | $0 | |
| Common stock, $0.0001 par value; 250,000,000 shares authorized at December 31, 2025 and 2024, respectively; 36,613,916 and 24,034,672 shares issued and outstanding at December 31, 2025 and 2024, respectively | $4.0K | $2.0K | |
| Additional paid-in capital | $66.8M | $54.7M | |
| Accumulated deficit | -$61.4M | -$50.2M | |
| Total Stockholders equity | $5.4M | $4.5M | $3.0M |
| Total liabilities and stockholders equity | $8.1M | $8.1M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 15.0M shares | 15.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |
| Common stock, shares issued | 36.6M shares | 24.0M shares | |
| Common stock, shares outstanding | 36.6M shares | 24.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $7.0M | $7.2M | |
| Accounts receivable | $139.0K | $43.0K | |
| Prepaid expenses | $324.0K | $328.0K | |
| Inventory | $189.0K | $0 | |
| Other current assets | $217.0K | $303.0K | |
| Total current assets | $7.9M | $7.8M | |
| Operating lease right-of-use asset | $190.0K | $278.0K | |
| Property and equipment, net | $12.0K | $12.0K | |
| Total assets | $8.1M | $8.1M | |
| Accounts payable | $799.0K | $586.0K | |
| Accrued expenses and other current liabilities | $1.2M | $1.3M | |
| Total current liabilities | $2.0M | $1.9M | |
| Common stock warrant liability | $604.0K | $1.5M | |
| Operating lease liability, net of current portion | $107.0K | $212.0K | |
| Total liabilities | $2.7M | $3.6M | |
| Convertible preferred stock, $0.0001 par value; 15,000,000 shares authorized as of December 31, 2025 and 2024, respectively; zero shares issued and outstanding at December 31, 2025 and 2024, respectively | $0 | $0 | |
| Common stock, $0.0001 par value; 250,000,000 shares authorized at December 31, 2025 and 2024, respectively; 36,613,916 and 24,034,672 shares issued and outstanding at December 31, 2025 and 2024, respectively | $4.0K | $2.0K | |
| Additional paid-in capital | $66.8M | $54.7M | |
| Accumulated deficit | -$61.4M | -$50.2M | |
| Total Stockholders equity | $5.4M | $4.5M | $3.0M |
| Total liabilities and stockholders equity | $8.1M | $8.1M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 15.0M shares | 15.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 250.0M shares | 250.0M shares | |
| Common stock, shares issued | 36.6M shares | 24.0M shares | |
| Common stock, shares outstanding | 36.6M shares | 24.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | -$11.2M | -$8.8M |
| Stock-based compensation expense | $1.3M | $1.2M |
| Non-cash lease expense | $88.0K | $7.0K |
| Fair value adjustment on common warrants | -$915.0K | -$1.8M |
| Depreciation | $2.0K | $0 |
| Accounts receivable | -$96.0K | $0 |
| Inventory | -$189.0K | $0 |
| Prepaid expenses | $90.0K | -$160.0K |
| Other current assets | $0 | -$221.0K |
| Accounts payable | $213.0K | $25.0K |
| Accrued expenses | -$265.0K | $636.0K |
| Net cash used in operating activities | -$11.0M | -$9.1M |
| Purchase of property and equipment | -$2.0K | -$12.0K |
| Net cash used in investing activities | -$2.0K | -$12.0K |
| Proceeds from common stock and pre-funded common stock warrants | $12.1M | $17.2M |
| Costs of issuance of common stock upon private placement | -$1.3M | -$2.2M |
| Proceeds from exercise of common stock warrants | $25.0K | $33.0K |
| Proceeds from exercise of stock options | $17.0K | $69.0K |
| Net cash provided by financing activities | $10.8M | $15.1M |
| Change in cash and cash equivalents | -$130.0K | $6.0M |
| Cash paid for income taxes | $1.0K | $2.0K |
| Cash paid for interest | $16.0K | $21.0K |
| Right-of-use assets obtained in exchange for lease obligations | $0 | $285.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led RenovoRx, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerShaun Bagai Aug 25, 2021 to now10
- Chief financial officerMark Voll Mar 24, 2026 to now11
- Chief financial officerJames M. Ahlers Jul 20, 2022 to Jul 20, 202212
- Chief financial officerPaul Manners Aug 25, 2021 to Aug 25, 202113
- Chief financial officerChristopher John Lehman Aug 30, 2021 to Aug 30, 202114
- Chief operating officerAngela Nelms Sep 21, 2022 to Jan 23, 202415
Board members and other officers (8)
- VP, Controller and PAORon Kocak Feb 12, 2024 to now16
- Chief Medical OfficerRamtin Agah Aug 25, 2021 to now17
- Board memberRobert J. Spiegel Apr 27, 2023 to now18
- Board memberKirsten Angela Macfarlane Aug 25, 2021 to now19
- Board memberLaurence Marton Aug 25, 2021 to now20
- Board memberRamtin Agah Aug 25, 2021 to now17
- Board memberShaun Bagai Aug 25, 2021 to now10
- Board memberUna S. Ryan Aug 25, 2021 to now21
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerLeesa R. Gentry named Apr 22, 2024 to Apr 9, 202622
Timeline
- Aug 25, 2021New chief executive Shaun Bagai becomes CEO10
Filings
249 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 55 major events, 102 insider forms, 12 large holders, 3 private raises, 56 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Aug 20, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K/A EDGAR
- Aug 12, 20268-K EDGAR
- Aug 4, 20268-K EDGAR
- Jul 2, 20268-K EDGAR
- Jun 30, 2026S-8 EDGAR
- Jun 30, 20268-K EDGAR
- Jun 24, 20264 EDGAR
- May 21, 20264 EDGAR
- May 15, 202610-K/A EDGAR
- May 14, 202610-Q EDGAR
- May 14, 20268-K EDGAR
- Apr 30, 2026DEF 14A EDGAR
- Apr 27, 2026EFFECT EDGAR
The 249 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
35 open-market trades by officers, directors and large owners since October 2021: 35 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 19, 2026 | VOLL MARKChief Financial Officer | Buy | 25,000 | $0.79 | $19.8K | Form 4 |
| Mar 20, 2026 | Marton LaurenceDirector | Buy | 9,720 | Form 4 | ||
| Mar 20, 2026 | Bagai ShaunChief Executive Officer | Buy | 24,300 | Form 4 | ||
| Mar 20, 2026 | VOLL MARKChief Financial Officer | Buy | 97,200 | Form 4 | ||
| Jan 21, 2026 | Agah RamtinChief Medical Officer | Buy | 10,000 | $1.00 | $10.0K | Form 4 |
| Dec 31, 2025 | Agah RamtinChief Medical Officer | Buy | 9,795 | $0.86 | $8.4K | Form 4 |
| Dec 30, 2025 | Agah RamtinChief Medical Officer | Buy | 205 | $0.83 | $170 | Form 4 |
| Dec 18, 2025 | Bagai ShaunChief Executive Officer | Buy | 5,000 | $0.90 | $4.5K | Form 4 |
| Dec 17, 2025 | Bagai ShaunChief Executive Officer | Buy | 5,000 | $0.85 | $4.2K | Form 4 |
| Dec 16, 2025 | Agah RamtinChief Medical Officer | Buy | 12,000 | $0.85 | $10.2K | Form 4 |
| Dec 5, 2025 | Agah RamtinChief Medical Officer | Buy | 10,000 | $0.96 | $9.6K | Form 4 |
| Nov 24, 2025 | Agah RamtinChief Medical Officer | Buy | 12,000 | $0.80 | $9.6K | Form 4 |
| Nov 21, 2025 | Agah RamtinChief Medical Officer | Buy | 10,000 | $0.80 | $8.0K | Form 4 |
| Aug 25, 2025 | Bagai ShaunChief Executive Officer | Buy | 5,000 | $0.91 | $4.5K | Form 4 |
| Aug 22, 2025 | Bagai ShaunChief Executive Officer | Buy | 5,000 | $0.95 | $4.8K | Form 4 |
| Jun 5, 2025 | Agah RamtinChief Medical Officer | Buy | 21,000 | $1.40 | $29.4K | Form 4 |
| Apr 15, 2025 | Agah RamtinChief Medical Officer | Buy | 15,000 | $0.90 | $13.5K | Form 4 |
| Apr 15, 2025 | Bagai ShaunChief Executive Officer | Buy | 7,500 | $0.91 | $6.8K | Form 4 |
| Apr 11, 2025 | Agah RamtinChief Medical Officer | Buy | 20,000 | $0.80 | $16.0K | Form 4 |
| Apr 10, 2025 | Kocak RonVP, Controller and PAO | Buy | 6,500 | $0.79 | $5.1K | Form 4 |
All 35 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Orin HirschmanSCHEDULE 13G/A, 4 filings May 8, 2025 to Apr 27, 202623
- AWM Investment Company, Inc.SCHEDULE 13G/A, 3 filings May 7, 2025 to Nov 13, 202524
- Ramtin AgahSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202325
- BANK OF THE WESTSC 13G, 1 filing Apr 14, 202226
- Kamran NajmabadiSC 13G, 1 filing Feb 14, 202227
Money raised
Private offerings the company reported to the SEC on Form D.
- Mar 20, 2026Raised $10 million in a private offering of equity Form D: $10 million offered in all Form D
- Apr 11, 2024Raised $11.1 million in a private offering of equity Form D: $15 million offered in all Form D
- Jan 26, 2024Raised $6.1 million in a private offering of equity Form D: $15 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 28. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| AIGH Capital Management LLC | 4,405,439 | $4.3M | 0.4% | +699,242 |
| Bleichroeder LP | 1,666,098 | $1.6M | 0.3% | No change |
| Vanguard Capital Management LLC | 1,443,742 | $1.4M | 0.0% | −3,435 |
| Geode Capital Management, LLC | 424,148 | $415.7K | 0.0% | +42,425 |
| Wealthspire Advisors, LLC | 252,525 | $247.5K | 0.0% | No change |
| Vanguard Fiduciary Trust Co | 240,330 | $235.5K | 0.0% | +82,428 |
| Citadel Advisors LLC | 133,597 | $130.9K | 0.0% | −99,087 |
| Northern Trust Corp | 85,207 | $83.5K | 0.0% | +43,046 |
| Chicago Partners Investment Group LLC | 92,356 | $78.9K | 0.0% | No change |
| Northwestern Mutual Wealth Management Co | 74,596 | $73.1K | 0.0% | −24,864 |
| Caprock Group, LLC | 63,940 | $62.7K | 0.0% | No change |
| Jane Street Group, LLC | 46,399 | $45.5K | 0.0% | +22,262 |
| Kestra Advisory Services, LLC | 35,520 | $34.8K | 0.0% | No change |
| Two Sigma Securities, LLC | 34,788 | $34.1K | 0.0% | +16,892 |
| XTX Topco Ltd | 29,983 | $29.4K | 0.0% | −528 |
| Clear Creek Financial Management, LLC | 29,058 | $28.5K | 0.0% | New |
| State Street Corp | 26,152 | $25.6K | 0.0% | No change |
| UBS Group AG | 20,820 | $20.4K | 0.0% | +17,482 |
| HighTower Advisors, LLC | 20,000 | $19.6K | 0.0% | No change |
| Cetera Investment Advisers | 19,000 | $18.6K | 0.0% | +1,000 |
| Affinity Capital Advisors, LLC | 13,279 | $12.6K | 0.0% | No change |
| Captrust Financial Advisors | 12,307 | $12.1K | 0.0% | No change |
| Renaissance Technologies LLC | 11,400 | $11.2K | 0.0% | −1,600 |
| Morgan Stanley | 7,102 | $7.0K | 0.0% | No change |
| Midway Capital Research & Management | 6,300 | $6.2K | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARRenovoRx, Inc. filings on SEC EDGAR
- 2SEC EDGARRenovoRx, Inc. filings on SEC EDGAR
- 3SEC EDGARRenovoRx, Inc. 10-K for fiscal 2025
- 4SEC EDGARRenovoRx, Inc. 10-K for fiscal 2020
- 5SEC EDGARRenovoRx, Inc. 10-K for fiscal 2021
- 6SEC EDGARRenovoRx, Inc. 10-K for fiscal 2022
- 7SEC EDGARRenovoRx, Inc. 10-K for fiscal 2023
- 8SEC EDGARRenovoRx, Inc. 10-Q for fiscal 2026
- 9SEC EDGARRenovoRx, Inc. 10-Q for fiscal 2026
- 10SEC EDGARShaun Bagai, Chief executive officer
- 11SEC EDGARMark Voll, Chief financial officer
- 12
- 13
- 14
- 15
- 16SEC EDGARRon Kocak, VP, Controller and PAO
- 17SEC EDGARRamtin Agah, Chief Medical Officer
- 18SEC EDGARRobert J. Spiegel, Board member
- 19
- 20SEC EDGARLaurence Marton, Board member
- 21SEC EDGARUna S. Ryan, Board member
- 22
- 23
- 24
- 25
- 26
- 27