Travere Therapeutics, Inc. income statement
In fiscal 2025, Travere Therapeutics, Inc. reported revenue of $491m, up 110.5% on the year before, operating income of −$62.8m (a -12.8% margin) and net income of −$25.5m, or −$0.29 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 | 2011Feb 2011 | 2012Feb 2012 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 134 | 155 | 164 | 175 | 198 | 132 | 109 | 145 | 233 | 491 | 651 |
| Cost of revenue | — | — | 5 | 4 | 6 | 5 | 6 | 4 | 4 | 11 | 8 | 10 | 10 |
| Gross profit | — | — | 129 | 151 | 159 | 170 | 192 | 128 | 105 | 134 | 225 | 480 | 641 |
| Research and development | — | — | 71 | 78 | 124 | 141 | 132 | 201 | 8 | 245 | 217 | 206 | 246 |
| Selling, general and administrative | — | — | 92 | 101 | 104 | 129 | 136 | 126 | 198 | 266 | 264 | 337 | 418 |
| General and administrative | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | −58 | −54 | −80 | −137 | −176 | −199 | −320 | −388 | −324 | −63 | −133 |
| Interest expense | — | — | 5 | 4 | 10 | 19 | 19 | 20 | 11 | 11 | 11 | 11 | 9 |
| Net interest income | — | — | 4 | 3 | 5 | — | — | — | — | — | — | — | — |
| Income before tax | — | — | −58 | −58 | −102 | −146 | −189 | −217 | −331 | −376 | −321 | −49 | −160 |
| Income tax | — | — | −10 | 1 | 1 | −0 | −19 | 0 | 0 | 0 | 0 | 1 | −5 |
| Net income | −0 | — | −48 | −60 | −103 | −146 | −169 | −180 | −278 | −111 | −322 | −26 | −122 |
| Diluted EPS | — | — | −$1.29 | −$1.54 | −$2.54 | −$3.46 | −$3.56 | −$3.01 | −$4.37 | −$1.50 | −$4.08 | −$0.29 | −$1.36 |
| Diluted shares (average) | — | — | 38m | 39m | 40m | 42m | 48m | 60m | 64m | 74m | 79m | 89m | 89m |
| EBITDA | — | — | −42 | −36 | −61 | −117 | −152 | −187 | −299 | −350 | −280 | −2 | −81 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 75 | 82 | 114 | 165 | 130 | 127 | 170 | 225 |
| Cost of revenue | 3 | 5 | 2 | 2 | 3 | 2 | 2 | 3 |
| Gross profit | 72 | 77 | 113 | 163 | 127 | 125 | 167 | 222 |
| Research and development | 62 | 47 | 49 | 52 | 58 | 57 | 60 | 70 |
| Selling, general and administrative | 70 | 60 | 63 | 71 | 143 | 80 | 96 | 98 |
| Operating income | −61 | −43 | −13 | 25 | −32 | −37 | 4 | −68 |
| Interest expense | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Income before tax | −60 | −41 | −13 | 26 | −21 | −37 | −35 | −67 |
| Income tax | −0 | 0 | 0 | 0 | 1 | −0 | −0 | −6 |
| Net income | −60 | −41 | −13 | 26 | 3 | −37 | −35 | −52 |
| Diluted EPS | −$0.71 | −$0.47 | −$0.14 | $0.28 | $0.03 | −$0.40 | −$0.37 | −$0.55 |
| EBITDA | −49 | −30 | 1 | 41 | −14 | −12 | 8 | −63 |
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