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ETON ETON PHARMACEUTICALS INC

2026Q2 · CUSIP 29772L108 · Sector: Healthcare & Biotech

Piling in

Net holder growth ranks near the top of the market

Funds that own it
162
Institutions that reported holding it to the SEC
Net increase in holders
+47
Last quarter 115 → now 162
How unusual is that
Top 10%
Stronger buying than 94% of US stocks
What the filings say, in one paragraph

162 funds held ETON at the end of 2026Q2, up 47 from the quarter before. That is stronger buying than 94.1% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $106M(YoY +81.5%), the P/E is 158.9x, return on equity is 27.2%. ETON has had 4 buying rushes in its history, and the price moved -11.8% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2019Q1: holders=12 2019Q2: holders=10 2019Q3: holders=14 2019Q4: holders=15 2020Q1: holders=17 2020Q2: holders=41 2020Q3: holders=39 2020Q4: holders=47 2021Q1: holders=50 2021Q2: holders=46 2021Q3: holders=37 2021Q4: holders=31 2022Q1: holders=29 2022Q2: holders=28 2022Q3: holders=31 2022Q4: holders=31 2023Q1: holders=35 2023Q2: holders=33 2023Q3: holders=50 2023Q4: holders=56 2024Q1: holders=44 2024Q2: holders=45 2024Q3: holders=48 2024Q4: holders=71 2025Q1: holders=86 2025Q2: holders=86 2025Q3: holders=102 2025Q4: holders=104 2026Q1: holders=115 2026Q2: holders=162 -47 -23.5 +0 +23.5 +47 990171 19Q119Q420Q321Q222Q122Q423Q324Q225Q125Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 4 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10% — —
2025Q1 Top 20% -17.2% -11.8%
2023Q3 Top 20% — —
2020Q2 Top 20% — —

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
83
Change in large funds
+26
Total value they hold
$715M
Funds buying for the first time
55
Funds that sold out entirely
8
Price change that quarter
+90.7%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
2

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
158.9
EPS (TTM)
$0.39
EPS YoY
—
Revenue (TTM)
$0.1B
Revenue YoY
+81.5%
Net margin
12.0%
ROE
27.2%
Debt ratio
59.8%
FCF (TTM)
$15M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.24 2021-12-31: EPS 0.05 2022-03-31: EPS -0.21 2022-06-30: EPS -0.06 2022-09-30: EPS -0.12 2022-12-31: EPS 0.03 2023-03-31: EPS -0.10 2023-06-30: EPS 0.18 2023-09-30: EPS -0.02 2023-12-31: EPS -0.10 2024-03-31: EPS -0.03 2024-06-30: EPS -0.12 2024-09-30: EPS 0.02 2024-12-31: EPS -0.02 2025-03-31: EPS -0.06 2025-06-30: EPS -0.10 2025-09-30: EPS -0.07 2025-12-31: EPS 0.06 2026-03-31: EPS 0.05 2026-06-30: EPS 0.35 0M 19M 38M $M -0.26 0.06 0.39 2019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
35 97 158 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-12M71K12M 2017201820192020202120222023202420252026
Latest quarter $7M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.