earnings
confidence high
sentiment positive
materiality 0.85
Fortress Biotech Q1 net income $108.4M; PRV sale for $205M and ZYCUBO approval drive results
Fortress Biotech, Inc.
- Net income $108.4M ($3.44 basic EPS) vs net loss $12.7M in Q1 2025; revenue $16.0M up from $13.1M.
- Subsidiary Cyprium sold Rare Pediatric Disease PRV for $205M in March 2026; ZYCUBO approved for Menkes disease.
- Debt reduced: prepaid Oaktree loan to $15M outstanding; cash increased to $255.8M from $79.4M.
- Checkpoint acquisition by Sun Pharma gives Fortress ~$28M upfront + 2.5% royalty on UNLOXCYT sales.
- Journey Medical's Emrosi launched; payer access expanded to 85% of US commercial lives.
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