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Supernus Pharmaceuticals, Inc.

Supernus Pharmaceuticals, Inc.

NASDAQ•SUPN
CEO: Mr. Jack A. Khattar M.B.A.
Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Listing Date: 2012-05-01
Supernus Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system (CNS) diseases in the United States. The company's commercial products are Trokendi XR, an extended release topiramate product indicated for the treatment of epilepsy, as well as for the prophylaxis of migraine headache; and Oxtellar XR, an extended release oxcarbazepine for the monotherapy treatment of partial onset seizures in adults and children between 6 to 17 years of age. It also offers comprise Qelbree, a novel non-stimulant indicated for the treatment of attention-deficit hyperactivity disorder (ADHD) in adults and pediatric patients 6 years and older; APOKYN for the acute intermittent treatment of hypomobility or off episodes in patients with advanced Parkinson's Disease (PD); XADAGO for treating levodopa/carbidopa in patients with PD experiencing off episodes; MYOBLOC, a Type B toxin product indicated for the treatment of cervical dystonia and sialorrhea in adults; GOCOVRI for the treatment of dyskinesia in patients with PD; and Osmolex ER for the treatment of Parkinson's disease and drug-induced extrapyramidal reaction in adult patients. In addition, the company's product candidates include SPN-830, a late-stage drug/device combination product candidate for the treatment of off episodes in PD patients; SPN-817, a novel first-in-class selective acetylcholinesterase inhibitor, which is in Phase II clinical trials for the treatment of epilepsy; SPN-820, a product candidate in Phase II clinical trials for treating resistant depression; SPN-443, a preclinical product for the treatment of ADHD/CNS; and SPN-446 for narcolepsy and SPN-448 for the treatment of CNS which is in discovery stage. It markets and sells its products through pharmaceutical wholesalers, specialty pharmacies, and distributors. Supernus Pharmaceuticals, Inc. was incorporated in 2005 and is headquartered in Rockville, Maryland.
Contact Information
9715 Key West Avenue, Rockville, MD, 20850, United States
301-838-2500
www.supernus.com
Market Cap
$2.58B
P/E (TTM)
-136.6
39.1
Dividend Yield
--
52W High
$57.65
52W Low
$29.16
52W Range
60%
Rank32Top 16.7%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 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

$192.10M+9.34%
4-Quarter Trend

EPS

-$0.80-214.29%
4-Quarter Trend

FCF

$0.00-100.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Increased 9% Total revenues reached 192.1M USD for Q3 2025, marking a 9% increase over Q3 2024, driven by strong Qelbree sales growth.
Qelbree Sales Growth Strong Qelbree net sales grew 31% to 81.4M USD in Q3 2025 versus prior year, reflecting favorable actual returns experience in 2025.
Sage Acquisition Integration Underway Completed Sage acquisition July 2025; recorded 20.2M USD collaboration revenue from ZURZUVAE in Q3 2025.
ONAPGO Commercial Launch ONAPGO generated 6.8M USD in net sales during Q3 2025, its first full quarter post-April launch, despite supply constraints.

Risk Factors

Q3 Net Loss Significant Q3 2025 reported net loss of 45.1M USD, a reversal from 38.5M USD gain in Q3 2024, due to acquisition costs.
ONAPGO Supply Constraints Impact Strong ONAPGO demand faces supplier constraints, prioritizing current patient care and pausing new patient initiations.
Extensive Qelbree Patent Litigation Multiple Paragraph IV lawsuits filed against generic challengers for Qelbree patents, securing automatic FDA approval stays until October 2028.
High SG&A Acquisition Costs SG&A expenses surged 158% in Q3 2025 to 179.7M USD, primarily due to 22.9M USD in accelerated Sage equity compensation.

Outlook

Pipeline Trials Planned Planning follow-on Phase 2b trial for SPN-820 (Depression) by year-end 2025; initiating Phase 1 study for SPN-443 (ADHD) in 2026.
Finalizing Sage Purchase Allocation Expect to finalize preliminary purchase price allocation for Sage acquisition within one year of the July 31, 2025 closing date.
Liquidity Position Strong Cash and marketable securities totaled 282.6M USD as of September 30, 2025, sufficient for next 12 months operations.
ZURZUVAE Commercialization Focus Future prospects depend on successful U.S. commercialization efforts for ZURZUVAE with collaboration partner Biogen.

Peer Comparison

Revenue (TTM)

Bausch Health Companies Inc.BHC
$8.26B
-12.7%
Perrigo Company plcPRGO
$4.28B
-2.5%
Amneal Pharmaceuticals, Inc.AMRX
$2.93B
+9.5%

Gross Margin (Latest Quarter)

Bausch Health Companies Inc.BHC
173.2%
+101.0pp
Supernus Pharmaceuticals, Inc.SUPN
90.1%
+11.6pp
Indivior PLCINDV
73.2%
-4.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CDTX$5.57B-32.0-60.1%0.4%
INDV$4.43B26.7-60.4%3.7%
AMRX$3.84B650.75.1%74.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.3%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$0.41
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $192.10M+9.3%
    |
    EPS: $-0.80-214.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $165.45M-1.7%
    |
    EPS: $0.40+11.1%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $149.82M+4.3%
    |
    EPS: $-0.21-9230.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $661.82M+8.9%
    |
    EPS: $1.34+5460.2%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $175.69M+14.2%
    |
    EPS: $0.70-341.4%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $168.33M+24.2%
    |
    EPS: $0.36-2468.4%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $143.64M-6.6%
    |
    EPS: $0.00-99.3%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $607.52M-8.9%
    |
    EPS: $0.02-97.9%
    Miss