Financial Snapshot

Revenue
$62.50M
TTM
Gross Margin
59.37%
TTM
Net Earnings
-$50.52M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
122.72%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$12.74M
Q3 2024
Cash
Q3 2024
P/E
-1.191
Nov 29, 2024 EST
Free Cash Flow
-$81.85M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue $84.51M $75.74M $68.79M $45.60M $36.63M $26.88M $17.25M $16.48M $863.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 11.58% 10.11% 50.86% 24.49% 36.26% 55.88% 4.64% 1809.62%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue $84.51M $75.74M $68.79M $45.60M $36.63M $26.88M $17.25M $16.48M $863.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $26.66M $30.78M $32.08M $14.59M $10.53M $6.125M $3.658M $790.0K $0.00
Gross Profit $57.85M $44.97M $36.71M $31.01M $26.10M $20.76M $13.59M $15.69M $863.0K
Gross Profit Margin 68.45% 59.37% 53.36% 67.99% 71.25% 77.22% 78.79% 95.21% 100.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Selling, General & Admin $94.12M $113.7M $86.84M $61.17M $55.59M $53.37M $61.31M $34.00M $21.58M $10.41M $10.10M $8.670M $5.760M $900.0K $340.0K
YoY Change -17.19% 30.88% 41.98% 10.03% 4.16% -12.95% 80.3% 57.54% 107.34% 3.07% 16.49% 50.52% 540.0% 164.71% -2.86%
% of Gross Profit 162.7% 252.75% 236.58% 197.28% 213.01% 257.12% 451.22% 216.72% 2501.04%
Research & Development $106.1M $134.9M $128.9M $64.11M $81.33M $83.33M $48.32M $35.13M $29.81M $10.24M $25.68M $17.47M $8.583M $8.340M $2.270M
YoY Change -21.36% 4.66% 101.01% -21.17% -2.41% 72.45% 37.54% 17.86% 191.14% -60.13% 47.02% 103.52% 2.91% 267.4% -21.72%
% of Gross Profit 183.35% 299.94% 351.06% 206.77% 311.63% 401.47% 355.65% 223.93% 3454.23%
Depreciation & Amortization $2.200M $3.100M $2.600M $2.300M $1.900M $1.393M $1.165M $944.0K $26.00K $23.00K $17.00K $3.000K $22.00K $10.00K $10.00K
YoY Change -29.03% 19.23% 13.04% 21.05% 36.4% 19.57% 23.41% 3530.77% 13.04% 35.29% 466.67% -86.36% 120.0% 0.0% 0.0%
% of Gross Profit 3.8% 6.89% 7.08% 7.42% 7.28% 6.71% 8.57% 6.02% 3.01%
Operating Expenses $200.2M $248.5M $215.7M $125.3M $136.9M $146.9M $107.0M $82.19M $51.39M $20.65M $35.78M $17.47M $8.583M $9.240M $2.610M
YoY Change -19.45% 15.22% 72.19% -8.5% -6.78% 37.22% 30.24% 59.92% 148.86% -42.28% 104.83% 103.52% -7.11% 254.02% -19.44%
Operating Profit -$142.3M -$203.6M -$188.5M -$94.27M -$110.8M -$120.0M -$89.80M -$65.71M -$50.53M -$20.65M -$35.78M -$27.18M -$35.04M
YoY Change -30.08% 7.97% 100.0% -14.93% -7.65% 33.63% 36.65% 30.04% 144.68% -42.28% 31.66% -22.45%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Interest Expense -$12.31M -$11.20M $24.19M -$8.580M -$9.320M $7.921K $5.860M $3.690M $1.484M $1.338M $1.923M $670.0K $74.00K -$640.0K -$1.050M
YoY Change 9.89% -146.32% -381.91% -7.94% -117761.91% -99.86% 58.81% 148.65% 10.91% -30.42% 187.01% 805.41% -111.56% -39.05% 87.5%
% of Operating Profit
Other Income/Expense, Net -$11.29M -$9.900M $24.19M -$8.579M $9.159M -$10.80M -$7.717M -$5.580M -$3.352M $266.0K -$1.378M $0.00 $0.00 -$100.0K $0.00
YoY Change 14.05% -140.93% -381.94% -193.67% -184.78% 39.99% 38.3% 66.47% -1360.15% -119.3% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Pretax Income -$153.6M -$213.5M -$164.4M -$102.8M -$101.7M -$130.8M -$97.51M -$71.29M -$53.88M -$20.39M -$37.16M -$27.61M -$36.36M -$9.980M -$3.670M
YoY Change -28.03% 29.88% 59.8% 1.17% -22.28% 34.14% 36.78% 32.31% 164.26% -45.13% 34.59% -24.06% 264.33% 171.93% -3.42%
Income Tax $521.0K $449.0K $473.0K $136.0K $0.00 $0.00 $1.513M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$60.64M -$86.58M -$64.70M -$46.53M -$39.96M -$84.15M -$66.88M -$55.10M -$48.43M -$20.39M -$37.16M -$27.61M -$36.36M -$9.982M -$3.666M
YoY Change -29.96% 33.8% 39.07% 16.43% -52.51% 25.83% 21.38% 13.77% 137.56% -45.14% 34.58% -24.06% 264.26% 172.29% -3.5%
Net Earnings / Revenue -71.75% -114.3% -94.06% -102.03% -109.09% -313.02% -387.8% -334.31% -5611.59%
Basic Earnings Per Share -$8.47 -$0.97 -$0.79
Diluted Earnings Per Share -$8.47 -$0.97 -$792.0K -$646.2K -$730.4K -$1.936M -$1.605M -$1.379M -$1.237M -$561.4K -$1.221M -$1.275M -$4.747M -$538.9K -$198.2K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Cash & Short-Term Investments $80.93M $178.3M $305.7M $233.4M $136.9M $83.10M $131.0M $90.70M $98.20M $69.80M $99.50M $40.20M $23.20M $14.90M $1.500M
YoY Change -54.6% -41.69% 31.0% 70.49% 64.74% -36.56% 44.43% -7.64% 40.69% -29.85% 147.51% 73.28% 55.7% 893.33%
Cash & Equivalents $80.93M $178.3M $305.7M $233.4M $136.9M $65.50M $95.00M $88.30M $98.20M $49.80M $99.50M $40.20M $23.20M $14.90M $1.500M
Short-Term Investments $0.00 $17.60M $36.00M $2.400M $20.00M
Other Short-Term Assets $10.50M $9.661M $7.066M $6.700M $4.100M $19.80M $43.60M $10.10M $1.600M $700.0K $500.0K $400.0K $200.0K $100.0K $0.00
YoY Change 8.68% 36.73% 5.46% 63.41% -79.29% -54.59% 331.68% 531.25% 128.57% 40.0% 25.0% 100.0% 100.0%
Inventory $10.21M $14.16M $9.862M $1.400M $900.0K $700.0K $200.0K $200.0K $0.00
Prepaid Expenses
Receivables $15.22M $28.21M $23.11M $19.30M $13.50M $5.500M $7.800M $1.800M $0.00
Other Receivables $167.0K $138.0K $678.0K $800.0K $900.0K $2.100M $600.0K $6.900M $200.0K
Total Short-Term Assets $117.0M $230.4M $346.5M $261.6M $156.3M $111.2M $183.2M $109.6M $99.90M $70.50M $100.0M $40.60M $23.40M $14.90M $1.500M
YoY Change -49.22% -33.49% 32.44% 67.37% 40.56% -39.3% 67.15% 9.71% 41.7% -29.5% 146.31% 73.5% 57.05% 893.33%
Property, Plant & Equipment $23.50M $33.01M $34.07M $32.40M $33.90M $12.00M $7.100M $7.400M $300.0K $100.0K $400.0K $100.0K $0.00 $0.00 $0.00
YoY Change -28.83% -3.11% 5.16% -4.42% 182.5% 69.01% -4.05% 2366.67% 200.0% -75.0% 300.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $17.60M $11.10M $0.00 $1.400M $1.400M $2.500M $4.200M
YoY Change -100.0% 58.56% -100.0% 0.0% -44.0% -40.48%
Other Assets $6.722M $3.661M $3.418M $2.700M $17.70M $16.40M $53.40M $16.30M $14.60M $14.70M $100.0K $300.0K $0.00 $200.0K
YoY Change 83.61% 7.11% 26.59% -84.75% 7.93% -69.29% 227.61% 11.64% -0.68% 14600.0% -66.67% -100.0%
Total Long-Term Assets $50.50M $63.87M $50.04M $67.20M $70.10M $29.80M $62.80M $61.10M $18.70M $18.80M $600.0K $400.0K $0.00 $0.00 $200.0K
YoY Change -20.93% 27.63% -25.53% -4.14% 135.23% -52.55% 2.78% 226.74% -0.53% 3033.33% 50.0% -100.0%
Total Assets $167.5M $294.3M $396.5M $328.8M $226.4M $141.0M $246.0M $170.7M $118.6M $89.30M $100.6M $41.00M $23.40M $14.90M $1.700M
YoY Change
Accounts Payable $53.03M $77.10M $47.43M $20.40M $22.90M $34.20M $27.60M $24.30M $1.900M $400.0K $500.0K $1.000M $0.00 $0.00 $0.00
YoY Change -31.22% 62.56% 132.5% -10.92% -33.04% 23.91% 13.58% 1178.95% 375.0% -20.0% -50.0%
Accrued Expenses $23.06M $22.79M $25.35M $22.10M $15.50M $1.300M $1.000M $12.00M $8.100M $3.700M $4.500M $2.300M $2.900M $1.000M $1.600M
YoY Change 1.16% -10.09% 14.7% 42.58% 1092.31% 30.0% -91.67% 48.15% 118.92% -17.78% 95.65% -20.69% 190.0% -37.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.000M
YoY Change -100.0%
Long-Term Debt Due $3.000M $7.235M $4.510M $5.300M $7.200M $19.10M $13.20M $2.000M $6.200M $1.800M $0.00 $0.00 $0.00
YoY Change -58.53% 60.42% -14.91% -26.39% -62.3% 44.7% 560.0% 244.44%
Total Short-Term Liabilities $84.91M $127.7M $101.0M $48.00M $45.60M $55.60M $71.40M $56.60M $10.60M $4.100M $11.20M $5.100M $3.500M $1.600M $11.20M
YoY Change -33.52% 26.4% 110.5% 5.26% -17.99% -22.13% 26.15% 433.96% 158.54% -63.39% 119.61% 45.71% 118.75% -85.71%
Long-Term Debt $60.86M $93.14M $46.56M $59.00M $82.40M $60.40M $49.30M $26.20M $23.20M $14.00M $7.000M $12.40M $800.0K $0.00 $600.0K
YoY Change -34.66% 100.03% -21.08% -28.4% 36.42% 22.52% 88.17% 12.93% 65.71% 100.0% -43.55% 1450.0% -100.0%
Other Long-Term Liabilities $20.18M $23.42M $23.02M $24.80M $25.80M $5.200M $4.700M $5.000M $600.0K $700.0K $1.100M $1.400M
YoY Change -13.85% 1.73% -7.18% -3.88% 396.15% 10.64% -6.0% 733.33% -14.29% -36.36% -21.43%
Total Long-Term Liabilities $81.03M $116.6M $69.58M $83.80M $108.2M $65.60M $54.00M $31.20M $23.80M $14.70M $8.100M $13.80M $800.0K $0.00 $600.0K
YoY Change -30.48% 67.51% -16.96% -22.55% 64.94% 21.48% 73.08% 31.09% 61.9% 81.48% -41.3% 1625.0% -100.0%
Total Liabilities $145.0M $252.6M $287.8M $228.5M $200.2M $139.1M $193.4M $132.2M $61.80M $18.80M $19.30M $19.00M $4.200M $1.600M $11.80M
YoY Change -42.6% -12.25% 25.96% 14.14% 43.93% -28.08% 46.29% 113.92% 228.72% -2.59% 1.58% 352.38% 162.5% -86.44%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Basic Shares Outstanding 8.111M 88.87M 81.70M
Diluted Shares Outstanding 8.111M 88.87M 81.70M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $60.179 Million

About Fortress Biotech, Inc.

Fortress Biotech, Inc. engages in the manufacture and commercialization of novel pharmaceutical products and product candidates. The company is headquartered in Bay Harbor Islands, Florida and currently employs 186 full-time employees. The company went IPO on 2011-11-17. The firm has seven marketed prescription pharmaceutical products and over 25 programs in development at the Company, at its majority-owned and majority-controlled partners and subsidiaries and at partners and subsidiaries it founded and in which it holds significant minority ownership positions. Such product candidates span six market areas, including oncology, rare diseases and gene therapy. Its dermatology products include Qbrexza, Accutane, Amzeeq, Zilxi, Targadox, Exelderm and Luxamend. Its late stage product candidates include Cosibelimab (anti-PD-L1 antibody), DFD-29 (modified release oral minocycline for the treatment of rosacea), CUTX-101 (copper histidinate injection for Menkes disease), IV Tramadol, Olafertinib (also known as CK-101, EGFR inhibitor for EGFR mutation-positive NSCLC), CAEL-101 (monoclonal antibody for AL amyloidosis) and Triplex (cytomegalovirus (CMV) vaccine).

Industry: Pharmaceutical Preparations Peers: aTYR PHARMA INC Axcella Health Inc. GELESIS HOLDINGS, INC. Cue Biopharma, Inc. PDS Biotechnology Corp Finch Therapeutics Group, Inc. HCW Biologics Inc. PALVELLA THERAPEUTICS, INC. SPECTRUM PHARMACEUTICALS INC