Delcath Systems, Inc.
NASDAQ•DCTH
CEO: Mr. Gerard J. Michel MBA, MS
Sector: Healthcare
Industry: Medical - Devices
Listing Date: 2018-05-03
Delcath Systems, Inc., an interventional oncology company, focuses on the treatment of primary and metastatic liver cancers in the United States and Europe. The company's lead product candidate is HEPZATO KIT, a melphalan for injection/hepatic delivery system to administer high-dose chemotherapy to the liver while controlling systemic exposure and associated side effects. Its clinical development program for HEPZATO is the FOCUS clinical trial for patients with metastatic hepatic dominant Uveal Melanoma to investigate objective response rate in metastatic uveal melanoma. It also provides HEPZATO as a stand-alone medical device under the CHEMOSAT Hepatic Delivery System trade name for Melphalan or CHEMOSAT for medical centers to treat a range of liver cancers in Europe. Delcath Systems, Inc. was incorporated in 1988 and is headquartered in New York, New York.
Contact Information
Market Cap
$348.85M
P/E (TTM)
135.5
23.6
Dividend Yield
--
52W High
$18.23
52W Low
$8.12
52W Range
Rank54Top 78.1%
2.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$20.73M+0.00%
4-Quarter Trend
EPS
-$0.05+0.00%
4-Quarter Trend
FCF
$7.70M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Revenue Surges 129% Total revenues reached $85.23M in 2025, marking a 129.1% increase from $37.21M in 2024.
Achieved Net Income Switched to $2.7M net income in 2025, reversing prior year's $26.4M net loss.
CHOPIN Trial Positive Results CHOPIN Phase 2 trial met PFS endpoint; combination group PFS 12.8 months versus 8.3 months.
Cash Position Strengthened Cash and equivalents grew to $43.5M by year-end 2025, supported by $22.5M net cash from operations.
Risk Factors
Capital Resources Exhaustion Risk Continuing losses may exhaust capital resources; success depends on generating substantial revenue from HEPZATO sales.
Supply Chain Component Reliance Must maintain supply agreements for melphalan; reliance on single supplier increases risk of commercialization impairment.
Regulatory Approval Uncertainty Future product development, including clinical trials for new indications, depends on obtaining necessary regulatory approvals.
Stock Volatility and Dilution Common stock price remains volatile; future equity issuances pursuant to outstanding warrants may cause substantial dilution.
Outlook
Expand Clinical Development Plan to generate clinical data for CHEMOSAT/HEPZATO in broader liver cancer indications, including mCRC and mBC trials.
Support Product Adoption Expect publications to support increased clinical adoption and reimbursement for CHEMOSAT across various jurisdictions.
Manage Capital Requirements Liquidity sufficient for 12 months; future capital needs depend on clinical trial progress and regulatory approvals.
Continue Share Repurchase Board authorized $25M repurchase program; $19.0M remained available for use as of December 31, 2025.
Peer Comparison
Revenue (TTM)
$5.93B
$568.09M
$329.52M
Gross Margin (Latest Quarter)
91.5%
85.5%
80.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| SRDX | $614.51M | -43.3 | -12.8% | 19.2% |
| BVS | $610.35M | 26.6 | 13.8% | 45.5% |
| BWAY | $545.98M | 66.5 | 12.0% | 6.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.6%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 6, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data