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Travere Therapeutics, Inc.

Travere Therapeutics, Inc.

NASDAQ•TVTX
CEO: Dr. Eric M. Dube Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2012-11-08
Travere Therapeutics, Inc., a biopharmaceutical company, identifies, develops, and delivers therapies to people living with rare kidney and metabolic diseases. Its products include FILSPARI (sparsentan), a once-daily, oral medication designed to target two critical pathways in the disease progression of IgA Nephropathy (endothelin 1 and angiotensin-II); and Thiola and Thiola EC (tiopronin tablets) for the treatment of cystinuria, a rare genetic cystine transport disorder that causes high cystine levels in the urine and the formation of recurring kidney stones. The company's clinical-stage programs consist of Sparsentan, a novel investigational product candidate, which has been granted Orphan Drug Designation for the treatment of focal segmental glomerulosclerosis in the U.S. and Europe; and Pegtibatinase (TVT-058), a novel investigational human enzyme replacement candidate being evaluated for the treatment of classical homocystinuria. It has a cooperative research and development agreement with National Institutes of Health's National Center for Advancing Translational Sciences and Alagille Syndrome Alliance for the identification of potential small molecule therapeutics for Alagille syndrome. The company was formerly known as Retrophin, Inc. and changed its name to Travere Therapeutics, Inc. in November 2020. Travere Therapeutics, Inc. was incorporated in 2008 and is headquartered in San Diego, California.
Contact Information
3611 Valley Centre Drive, Suite 300, San Diego, CA, 92130, United States
888-969-7879
www.travere.com
Market Cap
$3.13B
P/E (TTM)
-35.4
17.1
Dividend Yield
--
52W High
$35.34
52W Low
$12.91
52W Range
99%
2.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.4 / 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

$164.86M+162.11%
4-Quarter Trend

EPS

$0.29-141.43%
4-Quarter Trend

FCF

$25.96M-209.23%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Surges 128% Nine month revenue reached $361.04M, marking a 128.0% increase compared to $158.39M last year.
FILSPARI Sales Accelerate FILSPARI net sales grew to $218.67M for nine months, up 164.8% versus $82.58M previously reported.
Net Loss Significantly Narrows Nine month net loss improved substantially to $(28.28)M, compared to a $(261.28)M loss year-over-year.
Milestone Payments Received License revenue hit $77.19M, including $57.5M in regulatory and market access milestones from CSL Vifor.

Risk Factors

Pegtibatinase Enrollment Paused Enrollment in the Phase 3 HARMONY Study paused due to issues achieving desired drug substance profile during scale-up.
FSGS Approval Uncertainty Remains FILSPARI sNDA for FSGS accepted with PDUFA date January 13, 2026, but traditional approval success is not guaranteed.
Reliance on Third-Party Manufacturing Dependence on single-source third-party manufacturers for key products introduces supply chain disruption and cost risks.
Generic Competition Threatens Thiola products face existing generic competition, potentially leading to material adverse impact on future net product revenues.

Outlook

FSGS Regulatory Path Defined Pursuing traditional approval for FILSPARI in FSGS; FDA accepted sNDA with advisory committee meeting now deemed unnecessary.
HARMONY Study Restart Planned Working to resolve manufacturing scale-up, targeting restart of pegtibatinase Phase 3 HARMONY Study enrollment during 2026.
Strong Liquidity Position Cash and marketable debt securities total $254.53M, expected to fund anticipated operations beyond the next 12 months.
Renalys Sale Expected Anticipating closing of Renalys stock purchase by Chugai, providing upfront payment and future royalty eligibility in Asia.

Peer Comparison

Revenue (TTM)

Travere Therapeutics, Inc.TVTX
$435.83M
+114.2%
Galapagos NVGLPG
$299.70M
+438.2%
Adaptive Biotechnologies CorporationADPT
$205.22M
+21.6%

Gross Margin (Latest Quarter)

ImmunityBio, Inc.IBRX
99.5%
-0.5 pp
Galapagos NVGLPG
92.8%
+14.1 pp
Agios Pharmaceuticals, Inc.AGIO
87.0%
-4.3 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CELC$3.27B-22.7-150.1%54.1%
DYN$3.21B-6.2-64.1%3.1%
TVTX$3.13B-35.4-178.7%61.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+30.1%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $164.86M+162.1%
    |
    EPS: $0.29-141.4%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $114.45M+111.5%
    |
    EPS: $-0.14-84.6%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $81.73M+97.5%
    |
    EPS: $-0.47-73.3%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $233.18M+60.5%
    |
    EPS: $-4.08-172.0%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $62.90M+69.6%
    |
    EPS: $-0.70-29.3%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $54.12M-9.3%
    |
    EPS: $-0.91-19.5%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $41.37M-27.4%
    |
    EPS: $-1.76+38.6%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 20, 2024|
    Revenue: $145.24M-31.5%
    |
    EPS: $-1.50+65.7%
    Miss