FBIO
Fortress Biotech, Inc.3.5100
+0.1900+5.72%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
108.94MP/E (TTM)
-Basic EPS (TTM)
-0.12Dividend Yield
0%Recent Filings
8-K
FDA accepts CUTX-101 resubmission
Fortress Biotech announced FDA acceptance of the CUTX-101 NDA resubmission as Class 1 on December 15, 2025, setting a PDUFA date of January 14, 2026. Sentynl, now handling development, addressed prior manufacturing issues; no efficacy or safety concerns raised. Cyprium stands to gain a PRV, royalties, and up to $129 million in milestones if approved. Approval not assured.
8-K
Extended loan maturity, issued warrants
Fortress Biotech amended its $35M credit agreement on December 12, 2025, extending maturity to June 30, 2028 while easing principal repayments into 2027-2028 tranches. It sweetened the deal with warrants for 600,000 shares at $2.62, but tightened Journey Medical's minimum net sales covenants to $60M-$80M through 2026. Lenders got breathing room. Default looms on sales misses.
8-K
10-Q
Q3 FY2025 results
Fortress posted Q3 revenue of $17.6M, up 21% y/y from $14.6M (derived), fueled by $4.9M from new Emrosi launch while Accutane dipped amid competition; gross costs rose 29% y/y to $5.8M but operating loss narrowed to $6.8M from $22.1M as R&D plunged 98% post-Checkpoint sale. Net income flipped to $8.8M from $26.7M loss, boosted by $27M Checkpoint deconsolidation gain (May 2025, $28M cash) and $15M Urica Crystalys fair-value bump. Cash climbed to $86M from $57M YTD; debt at $53M ($30M Oaktree at 11.9%, $25M SWK at 14.5%). Journey drives all revenue. Generic erosion threatens sales.
8-K
Q3 revenue surges 20.5%
Fortress Biotech posted Q3 net revenue up 20.5% to $17.6 million, fueled by Journey Medical's dermatology sales jumping to $17.0 million. Cash swelled to $86.2 million after pocketing ~$28 million from Sun Pharma's Checkpoint buyout, plus CVR and royalty upside. Profit flipped to $3.7 million. Pipeline advances, yet R&D plunged 98%.
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