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Lexaria Bioscience Corp.

In its 2025 annual report the company says: “Lexaria Bioscience Corp. is a biotechnology company dedicated to the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients using our patented DehydraTECH TM drug delivery technology. It is suitable for use with a variety of product formats including pharmaceuticals, nutraceuticals, over-the-counter products, and consumer packaged goods.”4 It is headquartered in Kelowna, Canada.1 Its shares trade on Nasdaq under the symbol LEXX.1

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Last updated Oct 21, 2026.

Overview

$705.9KRevenue, fiscal 20252
-$11.9MNet income, fiscal 20252

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  • TickerLEXX on Nasdaq1
  • IndustryPharmaceutical Preparations1
  • HeadquartersKelowna, Canada1
  • Incorporated inNV3
  • Business address100 - 740 Mccurdy Road, Kelowna, A1 V1X 2P73
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

Lexaria Bioscience Corp. is a biotechnology company dedicated to the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients (“APIs”) using our patented DehydraTECH TM drug delivery technology. DehydraTECH combines APIs with specific long-chain fatty acid-rich triglyceride oils and carrier compounds that improve the way they enter the bloodstream, increasing their effectiveness and allowing for lower overall dosing for improved tolerability while promoting healthier oral ingestion methods.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

99.6%Gross margin2
-1683.0%Operating margin2
-1686.0%Net margin2
52.0%Revenue growth, 20252
-398.1%Return on equity2
-$10.5MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

IP Licensing brought in 99% of the revenue Lexaria Bioscience Corp. broke down this way in fiscal 2025.

  1. IP Licensing$696.0K299%up 52% from 2024
  2. B2B$9.9K21%up 58% from 2024
Products and services by year
Products and services20242025
IP Licensing$458.0K$696.0K
B2B$6.3K$9.9K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue0¢$2.7K
  • Research and development100¢$8.2M

Out of $705.9K in revenue.2 The company lost money this year.

Financial statements

Revenue567892$705.9K in 2025+63% since 2018
0$200.0K$400.0K$600.0K$800.0K2018: $433.3K$433.3K20182019: $222.6K$222.6K2019−49%2020: $384.5K$384.5K2020+73%2021: $722.7K$722.7K2021+88%2022: $255.4K$255.4K2022−65%2023: $226.2K$226.2K2023−11%2024: $464.3K$464.3K2024+105%2025: $705.9K$705.9K2025+52%
Gross profit56107892$703.2K in 2025+72% since 2018
0$200.0K$400.0K$600.0K$800.0K2018: $408.1K$408.1K20182019: $199.7K$199.7K2019−51%2020: $215.4K$215.4K2020+8%2021: $547.4K$547.4K2021+154%2022: $183.6K$183.6K2022−66%2023: $194.7K$194.7K2023+6%2024: $459.5K$459.5K2024+136%2025: $703.2K$703.2K2025+53%
Operating income7892-$11.9M in 2025+109% since 2021
-$15.0M-$10.0M-$5.0M02021: -$5.7M-$5.7M20212022: -$6.6M-$6.6M2022+16%2023: -$6.5M-$6.5M2023−1%2024: -$5.8M-$5.8M2024−12%2025: -$11.9M-$11.9M2025+107%
Net income11107892-$11.9M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M$10.0M2018: $6.6M$6.6M20182019: $4.1M$4.1M2019−38%2020: -$4.1M-$4.1M20202021: -$4.0M-$4.0M2021−1%2022: -$7.3M-$7.3M2022+81%2023: -$6.7M-$6.7M2023−8%2024: -$5.8M-$5.8M2024−13%2025: -$11.9M-$11.9M2025+105%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-08-312024-08-31
Revenue$705.9K$464.3K
Cost of goods sold$2.7K$4.8K
Gross profit$703.2K$459.5K
Research and development$8.2M$2.4M
General and administrative$4.3M$3.9M
Total operating expenses$12.6M$6.2M
Loss from operations-$11.9M-$5.8M
Interest income$3.0K$14.3K
Unrealized loss on marketable securities-$33.7K-$69.8K
Total other income (loss)-$30.7K-$55.5K
Net loss-$11.9M-$5.8M
Less: Net loss attributable to non-controlling interest-$9.6K-$13.3K
Net loss attributable to Lexaria shareholders-$11.9M-$5.8M
Foreign currency translation adjustment-$50.5K-$19.8K
Total comprehensive loss-$12.0M-$5.8M
Basic and diluted loss per share-$0.66-$0.47
- Basic and diluted18.0M shares12.4M shares

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Corporate structure

Lexaria Bioscience Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lexaria Bioscience Corp.

  • Lexaria Bioscience Corp. Kelowna, Canada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lexaria Bioscience Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$729.3K9 Aug 31, 2024$695.6K9 Aug 31, 2023+4.9%
Accumulated depreciation$517.6K9 Aug 31, 2024$475.2K9 Aug 31, 2023+8.9%
Property and equipment, net$228.1K2 Aug 31, 2025$254.7K2 Aug 31, 2024−10.4%
Finance-lease assets$106.8K2 Aug 31, 2025$134.8K2 Aug 31, 2024−20.8%
Operating-lease assets (leased space)$134.8K2 Aug 31, 2025$167.4K2 Aug 31, 2024−19.5%

Investments

ItemLatestA year beforeChange
Marketable securities, current$22.1K2 Aug 31, 2025$55.8K2 Aug 31, 2024−60.4%
Marketable securities, non-current$349.1K2 Aug 31, 2025$14.1K2 Aug 31, 2024+2384.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, net$307.8K2 Aug 31, 2025$516.7K2 Aug 31, 2024−40.4%

Properties, in its own words

Description of Property

The Company headquarters is in Kelowna, British Columbia Canada in a leased facility with 2,250 square feet of office space to accommodate our finance and administrative functions as well as a Health Canada approved research lab of approximately 1,000 square feet accommodating our in-house research and development team. The current lease has been extended for an additional five years expiring on November 14, 2028. We believe our current facilities are suitable and adequate for the Company’s current operational requirements.

Item 2 of the 10-K filed Nov 28, 2025.4

Leadership

Who has led Lexaria Bioscience Corp., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorChristopher Bunka named Dec 20, 2021 to Sep 21, 202635
  • DirectorTED MCKECHNIE named Dec 20, 2021 to Oct 16, 202436

Former names

  • Lexaria Corp.Mar 3, 2008 to May 11, 20163

Timeline

  1. Sep 9, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure37
  2. Sep 1, 20268-K Other events38
  3. Aug 17, 20268-K Other events39
  4. Aug 10, 20268-K Listing notice or transfer40
  5. Jul 30, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed41
  6. Feb 6, 20268-K Listing notice or transfer42
  7. Jan 28, 20268-K Shareholder vote43
  8. Dec 16, 20258-K Entered a material agreement; Unregistered sale of shares; Other events44
  9. Sep 29, 20258-K Entered a material agreement; Unregistered sale of shares; Other events45
  10. Sep 25, 20258-K Ended a material agreement46
  11. Jun 12, 20258-K Entered a material agreement47
  12. Apr 28, 20258-K Entered a material agreement; Unregistered sale of shares; Other events48
  13. Sep 5, 2024New chief executive Richard Christopher becomes CEO14

Calendar

Coming up

  1. Nov 25, 2026Reports results for the quarter ending Aug/2026 A year earlier it reported ($1.95) a share, on Nov 26, 2025.49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

257 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 64 major events, 63 insider forms, 10 large holders, 8 private raises, 90 other. The latest 20:

  1. Oct 13, 2026EFFECT EDGAR
  2. Oct 13, 2026424B3 424 B3 EDGAR
  3. Oct 2, 2026S-3 EDGAR
  4. Sep 21, 2026D EDGAR
  5. Sep 9, 20268-K EDGAR
  6. Sep 1, 20268-K EDGAR
  7. Aug 17, 20268-K EDGAR
  8. Aug 10, 20268-K EDGAR
  9. Jul 30, 20268-K EDGAR
  10. Jul 13, 202610-Q EDGAR
  11. Apr 13, 202610-Q EDGAR
  12. Mar 18, 20264 PRIMARY DOCUMENT EDGAR
  13. Feb 6, 20268-K EDGAR
  14. Jan 28, 20268-K EDGAR
  15. Jan 28, 2026S-8 EDGAR
  16. Jan 14, 2026EFFECT EDGAR
  17. Jan 14, 2026424B3 EDGAR
  18. Jan 14, 202625-NSE EDGAR
  19. Jan 13, 202610-Q EDGAR
  20. Dec 29, 2025S-3 FORM S-1 EDGAR

The 257 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

14 open-market trades by officers, directors and large owners since October 2021: 13 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 30, 2025BUNKA CHRISTOPHERDirectorBuy11,900$0.91$10.8KForm 4
Jul 29, 2025BUNKA CHRISTOPHERDirectorBuy15,600$0.92$14.4KForm 4
Jul 29, 2025McKechnie William EdwardDirectorBuy5,000$0.91$4.5KForm 4
Jul 29, 2025DOCHERTY JOHN MARTINPresident & CSOBuy5,376$0.93$5.0KForm 4
Jul 29, 2025Carle VanessaSecretaryBuy750$0.91$682Form 4
Jul 29, 2025CHRISTOPHER RICHARDChief Executive OfficerBuy15,000$0.91$13.7KForm 4
Dec 3, 2024CHRISTOPHER RICHARDChief Executive OfficerBuy27,172$2.47$67.1KForm 4
Dec 2, 2024CHRISTOPHER RICHARDChief Executive OfficerBuy22,828$2.24$51.1KForm 4
Aug 12, 2024TURKEL CATHERINE C.DirectorBuy1,600$3.13$5.0KForm 4
Jul 31, 2024Carle VanessaSecretarySale2,567$4.00$10.3KForm 4
Feb 9, 2023TURKEL CATHERINE C.DirectorBuy1,500$2.84$4.3KForm 4
Oct 14, 2022Downey GregoryChief Financial OfficerBuy121$2.09$253Form 4
Oct 13, 2022BUNKA CHRISTOPHERDirectorBuy16,600$2.10$34.9KForm 4
Oct 12, 2022BUNKA CHRISTOPHERDirectorBuy21,900$1.99$43.6KForm 4

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.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$19.3M 2021–2026
Money received by yearMoney received by year, 2021–2026: $19.3M in all. Private raises (Form D) $19.3M.$0$2.5M$5M$7.5M$10M2021 · Private raises (Form D): $1.2M20212023 · Private raises (Form D): $1.6M20232024 · Private raises (Form D): $9.0M2025 · Private raises (Form D): $7.5M20252026 · Private raises (Form D): $113.5K2026
Figures by year
YearPrivate raises (Form D)Total
2026$113.5K$113.5K
2025$7.5M$7.5M
2024$9.0M$9.0M
2023$1.6M$1.6M
2021$1.2M$1.2M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Sep 9, 2026Raised $113,492 in a private offering of securities35 Form D: 3 investors so far Form D
  2. Dec 16, 2025Raised $3.5 million in a private offering of securities53 Form D: 5 investors so far Form D
  3. Sep 29, 2025Raised $4 million in a private offering of securities54 Form D: 5 investors so far Form D
  4. Oct 16, 2024Raised $5 million in a private offering of securities36 Form D: 1 investor so far Form D
  5. Apr 30, 2024Raised $364,629 in a private offering of securities55 Form D: 1 investor so far Form D
  6. Feb 16, 2024Raised $3.6 million in a private offering of securities56 Form D: 2 investors so far Form D
  7. Oct 3, 2023Raised $1.6 million in a private offering of securities57 Form D: 1 investor so far Form D
  8. Dec 16, 2021Raised $1.2 million in a private offering of equity58 Form D: 1 investor so far Form D

SEC filer profile

How Lexaria Bioscience Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLexaria Bioscience Corp.1
  • CIK0001348362
  • Employer ID (EIN)20-20008714
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsAugust 311
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address100 - 740 Mccurdy Road, Kelowna, A1 V1X 2P71
  • Phone250-765-64241
  • Shares outstanding24,787,446 as of Jul 13, 202613
  • Public float$24.6M as of Feb 28, 20254
  • AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 1, 20061
  • Filings1,098 in all: 4 (395), 8-K (378), 10-Q (55), EFFECT (25), CORRESP (20), 10-K (17), 3 (16), DEF 14A (16)1
    All 47 form types

    424B3 (15), D (15), UPLOAD (15), SC 13D/A (12), 4/A (9), 424B5 (9), POS AM (9), S-1 (9), S-8 (8), PRE 14A (7), 10-K/A (6), 10QSB (6), S-1/A (6), S-3 (5), SC 13G/A (4), 10-Q/A (3), 424B4 (3), 8-K/A (3), SB-2/A (3), SC 13D (3), 10KSB (2), 10KSB/A (2), CT ORDER (2), DEFA14A (2), S-4/A (2), SB-2 (2), SC 13G (2), 10-KT (1), 25-NSE (1), 8-A12B (1), 8-A12G (1), CERT (1), DEF 14C (1), DRS (1), NT 10-K (1), NTN 10K (1), RW (1), S-1MEF (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Nov 28, 2025
    Quarterly report (10-Q) Jul 13, 2026
    Proxy statement (DEF 14A) Dec 10, 2025
    Latest 8-K (8-K) Sep 9, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $0.001LEXXNasdaq

From the cover page of the 10-K filed Nov 28, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Lexaria Bioscience Corp. names in Item 1A of its 10-K filed Nov 28, 2025: 27 risks under these headings, as written.4

  • A. Risks Associated with our Business and Industry
  • DehydraTECH-enabled pharmaceutical products may not successfully proceed to commercialization.
  • If we are unable to retain and hire qualified personnel, we may not be able to implement our business plan successfully.
  • We face substantial competition, which may result in others discovering, developing and/or commercializing technology or products similar to ours before or more successfully than us.
  • Any failure in protecting our intellectual property may have a negative impact on our ability to develop and license DehydraTECH.
  • Technological R&D in the bioscience industry involves a lengthy, expensive process with an uncertain outcome. We may incur additional costs or experience delays in completing, or ultimately be unable to complete our studies or trials.
  • If we are unable to obtain and maintain sufficient patent protection, or if the scope of the patent protection is not sufficiently broad, our competitors could develop technology similar to ours.
  • We are dependent on the services of third parties and unsatisfactory performance will negatively affect our Company.
  • Any failure to prevent or mitigate security breaches and improper access to or disclosure of our data or our user data could result in the loss or misuse of such data, which could harm our business and reputation and diminish our competitive position.
  • We may be subject to claims that our employees, consultants, or independent contractors have wrongfully used or disclosed alleged trade secrets.
  • B. Risks Associated with our Financial Condition
  • There is substantial doubt as to our ability to continue as a going concern, which may affect our ability to obtain future financing and may require us to curtail or cease our operations.
The other 15 risks
  • Without additional financing to develop our business plan, our business may fail.
  • The longer-term growth of our business depends on our ability to expand our portfolio of patents and industry segments where DehydraTECH is demonstrably applicable, which may require substantial financial resources and may ultimately be unsuccessful.
  • We may enter into collaborations with third parties for the development and commercialization of our product candidates. If we fail to enter into such collaborations, or such collaborations are not successful, we may not be able to capitalize on the market potential of our product candidates.
  • C. Risk Associated with Current Regulatory Environments
  • Our product candidates are in an early stage of development and may fail or experience significant delays or may never advance to the clinical stage, which may materially and adversely impact our business.
  • Pharmaceutical products incorporating DehydraTECH have never been approved for the treatment of disease.
  • Pharmaceutical products using CBD as an API have limited approval for the treatment of any disease.
  • Regulation of non-pharmaceutical hemp-based CBD products is evolving.
  • Controlled substance legislation differs between localities. Legislation in certain jurisdictions may restrict or limit our ability to develop and commercialize products using DehydraTECH.
  • D. Risks Associated with Securities Markets and Ownership of our Common Stock
  • The trading price of the shares of our common stock could be highly volatile and as such investors could incur substantial losses.
  • Our by-laws do not contain anti-takeover provisions, which could result in a change of our executive management and directors if there is a take-over of our Company.
  • We do not intend to pay any dividends on our shares.
  • Purchasers of our shares may incur dilution.
  • We are a “smaller reporting company” under the SEC’s disclosure rules and have elected to comply with the reduced disclosure requirements applicable to smaller reporting companies.

Legal proceedings

We are not party to any material, pending or existing legal proceedings against our Company or its subsidiaries nor are we involved as a plaintiff in any other material proceeding or pending litigation. There are no other proceedings in which any of our directors, executive officers, or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to Lexaria or any of its subsidiaries.

The opening of Item 3, Legal Proceedings.4

Sources

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