UTHR
United Therapeutics Corporation500.00
-0.30-0.06%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms Tyvaso strength vs Yutrepia
Q&A brushed off Yutrepia worries, with Benkowitz stressing Tyvaso DPI's delivery edge and referrals hitting pre-launch highs in three of four recent months, blaming Q4 patient starts lag on seasonality and weather while eyeing Q2 sequential growth. Peterson voiced strong confidence in TETON-1 replicating TETON-2's 95.6ml FVC boost for IPF. Rothblatt doubled down on $4B run-rate by end-2027 from existing portfolio alone, calling new launches like Tresmi pure upside. Tyvaso remains inhaled leader. Watch unblindings next week and month.
Key Stats
Market Cap
22.61BP/E (TTM)
18.94Basic EPS (TTM)
26.40Dividend Yield
0%Recent Filings
8-K
Launches $2B buyback
United Therapeutics authorized a $2.0 billion share repurchase program through March 9, 2027, and launched it with $1.5 billion in ASR agreements alongside Citibank on March 9, 2026. The deals—$750 million uncollared (Q2 2026 end) and $750 million collared (Q3 2026 end)—deliver initial shares March 11 after $1.5 billion upfront. Buybacks signal undervaluation. $500 million remains available.
8-K
Ralinepag cuts PAH worsening 55%
United Therapeutics announced positive phase 3 ADVANCE OUTCOMES results for ralinepag, slashing clinical worsening risk by 55% (HR 0.45, 95% CI 0.33-0.62; p<0.0001) versus placebo in PAH patients, mostly on dual therapy. It hit key secondaries like 47% higher clinical improvement odds by week 28, with consistent benefits across subgroups. Safety matched prostacyclin class. NDA targeted for H2 2026.
8-K
Record $3.18B revenue, 11% up
United Therapeutics posted record full-year 2025 revenues of $3.18 billion, up 11% from 2024, fueled by Tyvaso sales surging 16% to $1.88 billion on patient growth and IRA-driven utilization. Net income climbed to $1.33 billion. Tyvaso DPI alone jumped 25%. Upcoming ADVANCE OUTCOMES and TETON-1 data loom large.
10-K
FY2025 results
United Therapeutics posted $3.2B in FY2025 revenues ended December 31, 2025, up from prior years, driven by Tyvaso franchise sales hitting $1.9B (59% of total, +16% y/y derived), while Remodulin dipped to $527M and Orenitram climbed to $497M. Q4 momentum shone through Tyvaso DPI's post-launch traction and Orenitram's steady gains, underscoring prostacyclin dominance amid generic pressures. Cash flow stayed robust; shares outstanding trimmed to 43.8M by early 2026. RemunityPRO launched September 2025. Patents face generic challenges.
8-K
Board adds Tracey, amends bylaws
United Therapeutics expanded its board to 13 members and appointed Kevin J. Tracey, M.D., effective January 21, 2026, granting him 1,220 restricted stock units under its director program. Dr. Tracey, CEO of Feinstein Institutes and bioelectronic medicine pioneer, adds scientific and entrepreneurial heft. Board also approved bylaws tweaks easing shareholder fixes and votes. No committee role yet.
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