earnings
confidence high
sentiment negative
materiality 0.80
Sarepta reports Q3 GAAP net loss; ESSENCE confirmatory study misses primary endpoint
Sarepta Therapeutics, Inc.
2025-Q3 EPS reported
-$4.37
revenue$1,755,303,000
- ESSENCE study did not meet primary endpoint (p=0.309); COVID-adjusted analysis showed trend (p=0.09).
- Net product revenue $370M (PMO $238.5M, ELEVIDYS $131.5M); total revenue $399.4M, down 15% YoY.
- GAAP net loss $179.9M ($1.80 per share) vs net income $33.6M ($0.34) in Q3 2024.
- Refinanced convertible debt to 2030; disposed Arrowhead equity; positive cash flow in Q3.
- ELEVIDYS labeling discussions with FDA nearing conclusion; non-ambulatory indication removal expected.