Travere Q4 product sales surge on FILSPARI growth

Travere Therapeutics

19/02/2026 21:17

Overview

Biopharmaceutical firm's Q4 net product sales rose 72% yr/yr, driven by FILSPARI growth

Company reported Q4 net income of $2.7 mln, compared to a loss last year

R&D expenses for Q4 decreased due to lower costs in pegtibatinase and FILSPARI development

Outlook

Travere expects FDA decision on FILSPARI for FSGS by April 13, 2026

Company anticipates $25 mln milestone payment from Mirum Pharmaceuticals in H1 2026

Result Drivers

FILSPARI SALES GROWTH - U.S. net product sales of FILSPARI increased by 108% in Q4, driven by demand from new and repeat prescribers

R&D EXPENSES - Decrease in R&D expenses attributed to lower costs in pegtibatinase and FILSPARI development as trials advance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Product Sales
$126.61 mln
Q4 EPS
$0.03
Q4 Net Income
$2.73 mln
Q4 Operating Expenses
$162.12 mln
Q4 Operating Income
-$32.43 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Wall Street's median 12-month price target for Travere Therapeutics Inc is $42.00, about 50.7% above its February 18 closing price of $27.87

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 128 three months ago

Press Release: ID:nBw4MXL2Ca

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(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.)