Amphastar Pharmaceuticals, Inc. income statement
In fiscal 2025, Amphastar Pharmaceuticals, Inc. reported revenue of $720m, down 1.7% on the year before, operating income of $140m (a 19.5% margin) and net income of $98.1m, or $2.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 204 | 230 | 210 | 252 | 255 | 240 | 295 | 322 | 350 | 438 | 499 | 644 | 732 | 720 | 730 |
| Cost of revenue | 114 | 143 | 159 | 174 | 151 | 150 | 188 | 190 | 207 | 238 | 250 | 293 | 358 | 364 | 382 |
| Gross profit | 90 | 87 | 51 | 77 | 104 | 91 | 107 | 132 | 143 | 200 | 249 | 351 | 374 | 356 | 348 |
| Research and development | 31 | 33 | 29 | 37 | 42 | 44 | 58 | 69 | 67 | 61 | 75 | 74 | 74 | 86 | 95 |
| Selling and marketing | 4 | 5 | 6 | 5 | 5 | 6 | 8 | 13 | 15 | 17 | 22 | 29 | 38 | 44 | 47 |
| General and administrative | 27 | 31 | 35 | 42 | 42 | 44 | 50 | 50 | 50 | 51 | 45 | 52 | 57 | 86 | 92 |
| Operating income | 25 | 17 | −18 | −7 | 15 | −1 | −9 | −0 | 11 | 70 | 107 | 197 | 205 | 140 | 114 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 27 | 30 | 25 | 26 |
| Income before tax | 26 | 17 | −18 | −10 | 15 | 1 | −10 | 60 | 5 | 84 | 116 | 171 | 190 | 124 | 102 |
| Income tax | 8 | 5 | −7 | −8 | 5 | −2 | −3 | 14 | 4 | 21 | 23 | 32 | 30 | 26 | 23 |
| Net income | 18 | 12 | −11 | −3 | 10 | 4 | −6 | 49 | 1 | 62 | 91 | 138 | 160 | 98 | 79 |
| Diluted EPS | $0.46 | $0.31 | −$0.25 | −$0.06 | $0.21 | $0.08 | −$0.12 | $0.98 | $0.03 | $1.25 | $1.74 | $2.60 | $3.06 | $2.03 | $1.69 |
| Diluted shares (average) | 39m | 39m | 42m | 45m | 48m | 48m | 46m | 50m | 49m | 50m | 52m | 53m | 52m | 48m | 46m |
| EBITDA | 35 | 29 | −5 | 4 | 28 | 5 | −3 | 7 | 20 | 80 | 120 | 223 | 234 | 172 | 140 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 191 | 187 | 171 | 174 | 192 | 183 | 171 | 184 |
| Cost of revenue | 89 | 100 | 85 | 88 | 93 | 97 | 101 | 90 |
| Gross profit | 102 | 87 | 85 | 86 | 99 | 86 | 70 | 93 |
| Research and development | 21 | 18 | 20 | 20 | 22 | 23 | 27 | 22 |
| Selling and marketing | 9 | 10 | 12 | 10 | 12 | 10 | 12 | 13 |
| General and administrative | 15 | 13 | 16 | 14 | 39 | 16 | 18 | 18 |
| Operating income | 57 | 45 | 37 | 42 | 25 | 36 | 14 | 40 |
| Interest expense | 7 | 6 | 6 | 6 | 6 | 7 | 7 | 7 |
| Income before tax | 48 | 44 | 31 | 39 | 22 | 32 | 10 | 39 |
| Income tax | 7 | 6 | 6 | 8 | 4 | 7 | 4 | 8 |
| Net income | 40 | 38 | 25 | 31 | 17 | 24 | 6 | 30 |
| Diluted EPS | $0.78 | $0.74 | $0.51 | $0.64 | $0.37 | $0.51 | $0.14 | $0.67 |
| EBITDA | 70 | 34 | 45 | 57 | 39 | 25 | 22 | 54 |
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