Ironwood Pharmaceuticals Inc income statement
In fiscal 2025, Ironwood Pharmaceuticals Inc reported revenue of $296m, down 15.7% on the year before, operating income of $98.5m (a 33.3% margin) and net income of $24.0m, or $0.15 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 | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 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 | 34 | 44 | 66 | 150 | 23 | 76 | 150 | 274 | 298 | 347 | 428 | 390 | 414 | 411 | 443 | 351 | 296 | 389 |
| Cost of revenue | — | — | — | 1 | 7 | 5 | 0 | 2 | 19 | 33 | 24 | 3 | — | — | — | — | — | — |
| Gross profit | — | — | — | 149 | 16 | 71 | 150 | 272 | 279 | 314 | 405 | 386 | — | — | — | — | — | — |
| Research and development | 76 | 77 | 86 | 113 | 102 | 102 | 109 | 139 | 88 | 101 | 115 | 88 | 70 | 44 | 116 | 111 | 95 | 89 |
| Selling, general and administrative | — | 27 | 46 | 93 | 123 | 118 | 125 | 173 | 231 | 220 | 172 | 140 | 111 | 116 | 158 | 144 | 82 | 65 |
| General and administrative | 19 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | −61 | −61 | −66 | −73 | −252 | −169 | −102 | −52 | −15 | −151 | 120 | 143 | 232 | 250 | −945 | 93 | 99 | 234 |
| Interest expense | 0 | 0 | 0 | 0 | 21 | 21 | 31 | 39 | 36 | 38 | 37 | 29 | 31 | 8 | 22 | 33 | 33 | 33 |
| Income before tax | −60 | −59 | −65 | −73 | −273 | — | — | — | — | −194 | 59 | 109 | 201 | 252 | −948 | 65 | 70 | 207 |
| Income tax | −0 | −3 | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 3 | −328 | 77 | 83 | 64 | 46 | 78 |
| Net income | −71 | −53 | −65 | −73 | −273 | −190 | −143 | −82 | −117 | −282 | 22 | 106 | 528 | 175 | −1,002 | 1 | 24 | 130 |
| Diluted EPS | −$10.00 | −$0.59 | −$0.65 | −$0.68 | −$2.35 | −$1.39 | −$1.00 | −$0.56 | −$0.78 | −$1.85 | $0.14 | $0.66 | $3.21 | $0.96 | −$6.45 | $0.01 | $0.15 | $0.80 |
| Diluted shares (average) | 7m | 90m | 100m | 106m | 116m | 137m | 142m | 145m | 149m | 153m | 156m | 161m | 164m | 186m | 155m | 160m | 163m | 162m |
| EBITDA | −56 | −55 | −56 | −61 | −240 | −157 | −90 | −42 | −9 | −147 | 126 | 145 | 234 | 252 | −944 | 94 | 100 | 235 |
| 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 | 92 | 91 | 41 | 85 | 122 | 48 | 107 | 113 |
| Research and development | 30 | 25 | 27 | 23 | 22 | 22 | 22 | 22 |
| Selling, general and administrative | 36 | 34 | 24 | 17 | 22 | 19 | 12 | 11 |
| Operating income | 26 | 31 | −29 | 45 | 75 | 7 | 73 | 79 |
| Interest expense | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 7 |
| Income before tax | 17 | 24 | −36 | 38 | 68 | 0 | 65 | 74 |
| Income tax | 14 | 22 | 1 | 14 | 28 | 3 | 24 | 22 |
| Net income | 4 | 2 | −37 | 24 | 40 | −2 | 41 | 51 |
| Diluted EPS | $0.02 | $0.01 | −$0.23 | $0.14 | $0.23 | −$0.01 | $0.24 | $0.31 |
| EBITDA | 26 | 31 | −29 | 46 | 76 | 6 | 73 | 80 |
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