NSRX (Nasus Pharma) Scaled Net Operating Assets: -2.19 (As of Dec. 2025)

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NSRX Nasus Pharma Ltd NSRX
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Price $2.91
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What is Nasus Pharma Scaled Net Operating Assets?

Nasus Pharma NSRX -3.96% 14 Scaled Net Operating Assets is -2.19 as of Dec. 2025. GuruFocus rates NSRX with a GF Score™ of 14/100. The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nasus Pharma's operating assets for the quarter that ended in Dec. 2025 was $0.72 Mil. Nasus Pharma's operating liabilities for the quarter that ended in Dec. 2025 was $2.12 Mil. Nasus Pharma's Total Assets for the quarter that ended in Jun. 2025 was $0.64 Mil. Therefore, Nasus Pharma's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -2.19.


Nasus Pharma Scaled Net Operating Assets Historical Data

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The historical data trend for Nasus Pharma's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nasus Pharma Scaled Net Operating Assets Chart

Nasus Pharma Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-3.28 -3.68 -3.82 -1.95

Nasus Pharma Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 -3.96 -1.66 -2.73 -2.19

NSRX vs MIRA, SCLX, MDCX: Scaled Net Operating Assets Comparison

For the Drug Manufacturers - General subindustry, Nasus Pharma's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nasus Pharma Scaled Net Operating Assets vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Nasus Pharma's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nasus Pharma's Scaled Net Operating Assets falls into.


NSRX
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Nasus Pharma Ltd NSRX
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Nasus Pharma Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nasus Pharma's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(0.718-2.118)/0.717
=-1.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5.004 - 4.286
=0.718

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.236 - 0.073 - 0.045
=2.118

Nasus Pharma's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(0.718-2.118)/0.639
=-2.19

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5.004 - 4.286
=0.718

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.236 - 0.073 - 0.045
=2.118

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of -2.19 mean?
Nasus Pharma (NSRX) has a Scaled Net Operating Assets of -2.19 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nasus Pharma and its competitors.
Is Nasus Pharma's Scaled Net Operating Assets too high?
Nasus Pharma's current Scaled Net Operating Assets is -2.19. Overall, Nasus Pharma has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Nasus Pharma's Scaled Net Operating Assets compare to MIRA and SCLX?
Nasus Pharma's Scaled Net Operating Assets of -2.19 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Drug Manufacturers company?
A good Scaled Net Operating Assets depends on the Drug Manufacturers industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nasus Pharma and its competitors. Nasus Pharma's current Scaled Net Operating Assets is -2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nasus Pharma stock overvalued right now?
Nasus Pharma (NSRX) has a current Scaled Net Operating Assets of -2.19. The current Scaled Net Operating Assets is -2.19. Nasus Pharma's overall GF Score™ is 14/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Nasus Pharma (NSRX), the current Scaled Net Operating Assets is -2.19 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nasus Pharma Business Description

Address Yigal Alon 65, Tel Aviv, ISR, 6744317
Nasus Pharma Ltd is a clinical-stage specialty pharmaceutical company focused principally on the development of intranasal drugs to treat emergency medical conditions. It is engaged in developing a number of intranasal powder products based on its a microsphere technology, aimed at assisting patients in several acute emergency situations such as opioid overdose and anaphylactic shock. Its portfolio comprises a number of programs: Intranasal Naloxone completed pivotal study and Intranasal Epinephrine (phase 2) as well as a number of preclinical POC programs.
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