Catalyst Pharmaceuticals' Q1 revenue slightly beats estimates on increased prescriber engagement

Catalyst Pharmaceuticals

11/05/2026 21:29

Overview

U.S. biopharmaceutical firm's Q1 revenue rose 5.6% yr/yr, slightly beating analyst expectations

Adjusted EPS and net income for Q1 increased yr/yr

Company ended Q1 with $755.9 mln in cash and no funded debt

Outlook

Company will not provide forward-looking guidance or updates to previously issued guidance

Result Drivers

PROMOTED PRODUCT GROWTH - Revenue from FIRDAPSE and AGAMREE rose 28% yr/yr, driven by higher sales volumes and increased prescriber engagement

FYCOMPA DECLINE - FYCOMPA revenue fell 61% yr/yr after loss of exclusivity in 2025

LOWER FIRDAPSE ROYALTIES - Royalty expenses on FIRDAPSE dropped after expiration of certain obligations, reducing cost of sales

Company press release: ID:nGNX5S5lp1

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$149.4 mln
$148.17 mln (7 Analysts)
Q1 Net Income
$63.7 mln
Q1 Operating Income
$73.2 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the pharmaceuticals peer group is "buy"

Wall Street's median 12-month price target for Catalyst Pharmaceuticals Inc is $33.00, about 5.9% above its May 8 closing price of $31.15

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)