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Lantheus Holdings, Inc.

Lantheus Holdings, Inc.

NASDAQ•LNTH
CEO: Mr. Brian A. Markison
Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Listing Date: 2015-06-25
Lantheus Holdings, Inc. develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in the diagnosis and treatment of heart, cancer, and other diseases worldwide. It provides DEFINITY, an injectable ultrasound enhancing agent used in echocardiography exams; TechneLite, a technetium generator for nuclear medicine procedures; Xenon-133, a radiopharmaceutical gas to assess pulmonary function; Neurolite, an injectable imaging agent to identify the area within the brain where blood flow has been blocked or reduced due to stroke; Cardiolite, an injectable Tc-99m-labeled imaging agent to assess blood flow to the muscle of the heart; and PYLARIFY, an F 18-labelled PSMA-targeted PET imaging agent used for imaging of PSMA positive-lesions in men with prostate cancer. The company also offers Automated Bone Scan Index that calculates the disease burden of prostate cancer by detecting and classifying bone scan tracer uptakes as metastatic or benign lesions using an artificial neural network; RELISTOR for opioid-induced constipation; and aPROMISE, an artificial intelligence medical device software; and PYLARIFY AI, an AI-based medical device software to perform quantitative assessment of PSMA PET/CT images in prostate cancer. In addition, it develops 1095, a PSMA-targeted iodine-131-labeled small molecule; PNT2002, a radiopharmaceutical therapy to treat mCRPC; PNT2003, an SSTR therapy that treats patients with SSTR-positive neuroendocrine tumors; MK-6240, a F 18-labeled PET imaging agent that targets Tau tangles in Alzheimer's disease; LNTH-1363S, an fibroblast activation protein, alpha targeted, copper-64 labeled PET imaging agent; and flurpiridaz used to assess blood flow to the heart;. It has collaboration agreements with GE Healthcare; NanoMab Technology Limited; Curium; RefleXion Medical, Inc.; POINT; Regeneron Pharmaceuticals, Inc; and Ratio Therapeutics LLC. The company was founded in 1956 and is based in Bedford, Massachusetts.
Contact Information
201 Burlington Road, South Building, Bedford, MA, 01730, United States
978-671-8001
www.lantheus.com
Market Cap
$3.63B
P/E (TTM)
21.3
38.7
Dividend Yield
--
52W High
$111.29
52W Low
$47.25
52W Range
9%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$384.01M+1.39%
4-Quarter Trend

EPS

$0.41-78.31%
4-Quarter Trend

FCF

$94.67M-40.55%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Revenue Increased Slightly Three months revenue reached $384.0M, showing 1.4% growth compared to $378.7M last year; 9-month revenue slightly down 0.7%.
Major 2025 Acquisitions Closed Completed Life Molecular ($355.2M cash) and Evergreen ($276.4M cash) acquisitions, significantly expanding radiodiagnostic portfolio.
Stock Repurchase Activity Noted Repurchased $100.0M common stock in Q3 under the new $400.0M 2025 Program; $300.0M remains available for future buybacks.
Total Assets Increased Total assets grew to $2.28B as of September 30, 2025, up from $1.98B at year-end 2024, reflecting significant M&A activity.

Risk Factors

Q3 Net Income Declined Sharply Nine months net income fell 44.6% to $179.5M; Q3 net income dropped 78.8% to $27.8M due to acquisition related costs.
PYLARIFY Reimbursement Headwinds Loss of TPT Status for PYLARIFY impacts Medicare FFS payment rates starting January 1, 2025, potentially increasing competition.
Cash Position Significantly Reduced Cash and cash equivalents decreased to $382.0M by September 30, 2025, from $912.8M at year-end 2024 due to investing activities.
Significant Contingent Liabilities Level 3 contingent consideration liabilities total $97.8M as of September 30, 2025, primarily related to recent business acquisitions.

Outlook

Key Pipeline FDA Dates Set FDA PDUFA target dates set for LNTH-2501 (March 29, 2026) and MK-6240 (August 13, 2026), advancing late-stage assets.
SPECT Business Divestiture Expected Definitive agreement signed May 1, 2025, to sell SPECT business to SHINE, expected to close around calendar year-end 2025.
CEO Transition Planned CEO Brian Markison retires December 31, 2025; Executive Chair appointed interim CEO until next CEO search completes.
Sufficient Liquidity Expected Current cash balance and access to the $750.0M Revolving Facility should satisfy cash requirements for the next twelve months.

Peer Comparison

Revenue (TTM)

Integer Holdings CorporationITGR
$1.83B
+8.0%
Lantheus Holdings, Inc.LNTH
$1.53B
+1.9%
Indivior PLCINDV
$1.18B
-0.8%

Gross Margin (Latest Quarter)

ACADIA Pharmaceuticals Inc.ACAD
92.2%
-0.3 pp
Indivior PLCINDV
73.2%
-4.3 pp
TransMedics Group, Inc.TMDX
58.8%
+2.9 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VKTX$4.42B-18.5-29.3%0.1%
ACAD$4.06B18.130.7%4.6%
TMDX$3.93B42.831.4%49.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.6%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $384.01M+1.4%
    |
    EPS: $0.41-78.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $378.05M-4.1%
    |
    EPS: $1.15+27.8%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $372.76M+0.8%
    |
    EPS: $1.06-44.5%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $1.53B+18.3%
    |
    EPS: $4.52-5.6%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $378.73M+18.4%
    |
    EPS: $1.89-2.1%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $394.09M+22.5%
    |
    EPS: $0.90-34.8%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $369.98M+23.0%
    |
    EPS: $1.91-4713.5%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $1.30B+38.6%
    |
    EPS: $4.79+1068.3%
    Beat