This page shows Zevra Therapeutics Inc (ZVRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported profit is being shaped by below-the-line accounting gains while core operations still consume cash.
The headline earnings reversal from-$105.5M in FY2024 to$83.2M in FY2025 did not mark operating breakeven. The company still posted an operating loss of-$62.9M and operating cash flow of-$1.6M , so the reported profit came from outside the core operating engine rather than from the business funding itself.
FY2025 showed much better gross profit capture: the business converted its larger sales base into
The balance sheet looks more liquid than the income statement suggests, because cash of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Zevra Therapeutics Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Zevra Therapeutics Inc scores 2.14, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($824.1M) relative to total liabilities ($130.1M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Zevra Therapeutics Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Zevra Therapeutics Inc generates $-0.02 in operating cash flow (-$1.6M OCF vs $83.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Zevra Therapeutics Inc earns $-7.9 in operating income for every $1 of interest expense (-$62.9M vs $8.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Zevra Therapeutics Inc generated $106.5M in revenue in fiscal year 2025. This represents an increase of 350.9% from the prior year.
Zevra Therapeutics Inc's EBITDA was -$58.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.9% from the prior year.
Zevra Therapeutics Inc reported $83.2M in net income in fiscal year 2025. This represents an increase of 178.9% from the prior year.
Zevra Therapeutics Inc earned $1.35 per diluted share (EPS) in fiscal year 2025. This represents an increase of 159.2% from the prior year.
Cash & Balance Sheet
Zevra Therapeutics Inc generated -$2.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 96.5% from the prior year.
Zevra Therapeutics Inc held $62.4M in cash against $61.9M in long-term debt as of fiscal year 2025.
Zevra Therapeutics Inc had 57M shares outstanding in fiscal year 2025. This represents an increase of 5.9% from the prior year.
Margins & Returns
Zevra Therapeutics Inc's gross margin was 84.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 15.9 percentage points from the prior year.
Zevra Therapeutics Inc's operating margin was -59.1% in fiscal year 2025, reflecting core business profitability. This is up 309.3 percentage points from the prior year.
Zevra Therapeutics Inc's net profit margin was 78.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 525.0 percentage points from the prior year.
Zevra Therapeutics Inc's ROE was 53.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 319.8 percentage points from the prior year.
Capital Allocation
Zevra Therapeutics Inc invested $12.7M in research and development in fiscal year 2025. This represents a decrease of 69.7% from the prior year.
Zevra Therapeutics Inc invested $835K in capex in fiscal year 2025, funding long-term assets and infrastructure.
ZVRA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.2M+6.1% | $34.1M+30.9% | $26.1M+0.7% | $25.9M+26.9% | $20.4M+69.4% | $12.0M+225.9% | $3.7M-16.9% | $4.4M |
| Cost of Revenue | $1.9M+24.8% | $1.5M+22.8% | $1.2M-90.0% | $12.4M+820.4% | $1.3M-1.5% | $1.4M-40.7% | $2.3M-35.5% | $3.6M |
| Gross Profit | $34.3M+5.3% | $32.6M+31.3% | $24.8M+83.9% | $13.5M-29.1% | $19.1M+78.5% | $10.7M+667.0% | $1.4M+58.9% | $876K |
| R&D Expenses | $4.4M+67.6% | $2.6M-23.7% | $3.4M0.0% | $3.4M+5.4% | $3.3M-61.0% | $8.4M-23.7% | $10.9M+4.0% | $10.5M |
| SG&A Expenses | $20.8M+2.1% | $20.4M+20.2% | $16.9M-18.5% | $20.8M+6.3% | $19.5M+21.2% | $16.1M-0.5% | $16.2M+28.6% | $12.6M |
| Operating Income | $52.1M+459.8% | $9.3M+124.8% | $4.1M+105.8% | -$71.0M-1224.9% | -$5.4M+65.2% | -$15.4M+43.5% | -$27.3M-14.8% | -$23.8M |
| Interest Expense | $1.7M-12.2% | $1.9M-5.0% | $2.1M+2.1% | $2.0M+2.0% | $2.0M-10.3% | $2.2M-5.1% | $2.3M+9.6% | $2.1M |
| Income Tax | $6.9M+1280.0% | $501K+215.7% | -$433K-119.7% | $2.2M+86.0% | $1.2M-92.3% | $15.4M | $0-100.0% | $70K |
| Net Income | $37.9M+211.5% | $12.2M+2336.2% | -$544K-100.7% | $74.7M+2510.7% | -$3.1M+91.3% | -$35.7M-7.6% | -$33.2M-66.8% | -$19.9M |
| EPS (Diluted) | $0.60 | N/A | $-0.01-100.8% | $1.21+2116.7% | $-0.06 | N/A | $-0.69-43.7% | $-0.48 |
ZVRA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $278.6M-2.2% | $284.7M+5.4% | $270.1M+5.4% | $256.3M+48.4% | $172.7M-3.0% | $178.1M-7.0% | $191.6M+32.6% | $144.4M |
| Current Assets | $230.0M+3.1% | $223.0M-0.9% | $225.1M-0.5% | $226.3M+177.5% | $81.6M-5.2% | $86.0M-13.5% | $99.4M+63.3% | $60.9M |
| Cash & Equivalents | $95.6M+53.2% | $62.4M+14.6% | $54.4M+14.1% | $47.7M+27.8% | $37.3M+10.5% | $33.8M-37.5% | $54.0M+37.6% | $39.3M |
| Inventory | $2.3M+32.8% | $1.7M+27.3% | $1.4M+23.4% | $1.1M-56.7% | $2.6M+29.9% | $2.0M+75.4% | $1.1M-45.4% | $2.1M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | $10.2M | N/A | N/A |
| Goodwill | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M0.0% | $4.7M |
| Total Liabilities | $72.8M-44.1% | $130.1M-5.0% | $137.0M-1.5% | $139.0M+5.6% | $131.7M-4.9% | $138.5M+13.7% | $121.8M+8.8% | $111.9M |
| Current Liabilities | $47.0M+19.7% | $39.3M+50.4% | $26.1M-9.4% | $28.8M+6.9% | $27.0M-20.8% | $34.1M-1.2% | $34.5M+13.2% | $30.4M |
| Long-Term Debt | $0-100.0% | $61.9M+1.0% | $61.3M+1.0% | $60.7M+1.0% | $60.1M+1.0% | $59.5M+1.0% | $58.9M+1.0% | $58.3M |
| Total Equity | $205.8M+33.1% | $154.7M+16.1% | $133.2M+13.6% | $117.2M+185.8% | $41.0M+3.4% | $39.7M-43.1% | $69.8M+114.8% | $32.5M |
| Retained Earnings | -$384.2M+9.0% | -$422.1M+2.8% | -$434.2M-0.1% | -$433.7M+14.7% | -$508.4M-0.6% | -$505.3M-7.6% | -$469.6M-7.6% | -$436.3M |
ZVRA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.1M+11.3% | $5.5M+17.1% | $4.7M+230.8% | -$3.6M+56.2% | -$8.2M+49.4% | -$16.3M+10.4% | -$18.1M+5.1% | -$19.1M |
| Capital Expenditures | $35K+212.9% | -$31K-105.6% | $554K+160.1% | $213K+115.2% | $99K | $0 | $0 | $0 |
| Free Cash Flow | $6.1M+11.3% | $5.5M+32.0% | $4.2M+208.9% | -$3.8M+54.2% | -$8.3M+48.8% | -$16.3M+10.4% | -$18.1M+5.1% | -$19.1M |
| Investing Cash Flow | $79.6M+34974.0% | $227K+105.0% | -$4.6M-138.3% | $11.9M+13.2% | $10.5M+292.7% | -$5.5M+82.6% | -$31.4M-24205.4% | -$129K |
| Financing Cash Flow | -$52.8M-2174.0% | $2.5M-61.0% | $6.5M+372.8% | $1.4M-14.1% | $1.6M+101.9% | $796K-98.8% | $64.8M+322.5% | $15.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 |
ZVRA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 94.8%-0.8pp | 95.5%+0.3pp | 95.3%+43.1pp | 52.2%-41.2pp | 93.4%+4.7pp | 88.7%+51.0pp | 37.7%+18.0pp | 19.7% |
| Operating Margin | 144.0%+116.7pp | 27.3%+11.4pp | 15.9%+290.4pp | -274.5%-248.2pp | -26.3%+101.7pp | -128.0%+611.0pp | -739.0%-204.2pp | -534.8% |
| Net Margin | 104.6%+69.0pp | 35.6%+37.7pp | -2.1%-290.8pp | 288.7%+303.9pp | -15.2%+281.6pp | -296.8%+602.4pp | -899.2%-451.3pp | -447.9% |
| Return on Equity | 18.4%+10.5pp | 7.9%+8.3pp | -0.4%-64.1pp | 63.7%+71.3pp | -7.5%+82.5pp | -90.1%-42.5pp | -47.6%+13.7pp | -61.4% |
| Return on Assets | 13.6%+9.3pp | 4.3%+4.5pp | -0.2%-29.3pp | 29.1%+30.9pp | -1.8%+18.3pp | -20.1%-2.7pp | -17.3%-3.5pp | -13.8% |
| Current Ratio | 4.89-0.8 | 5.68-2.9 | 8.62+0.8 | 7.85+4.8 | 3.02+0.5 | 2.53-0.4 | 2.88+0.9 | 2.00 |
| Debt-to-Equity | 0.00-0.4 | 0.40-0.1 | 0.46-0.1 | 0.52-0.9 | 1.46-0.0 | 1.50+0.7 | 0.84-1.0 | 1.80 |
| FCF Margin | 16.9%+0.8pp | 16.1%+0.1pp | 15.9%+30.7pp | -14.7%+26.0pp | -40.8%+94.1pp | -134.9%+356.0pp | -491.0%-61.5pp | -429.5% |
Similar Companies
Frequently Asked Questions
What is Zevra Therapeutics Inc's annual revenue?
Zevra Therapeutics Inc (ZVRA) reported $106.5M in total revenue for fiscal year 2025. This represents a 350.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Zevra Therapeutics Inc's revenue growing?
Zevra Therapeutics Inc (ZVRA) revenue grew by 350.9% year-over-year, from $23.6M to $106.5M in fiscal year 2025.
Is Zevra Therapeutics Inc profitable?
Yes, Zevra Therapeutics Inc (ZVRA) reported a net income of $83.2M in fiscal year 2025, with a net profit margin of 78.2%.
What is Zevra Therapeutics Inc's EBITDA?
Zevra Therapeutics Inc (ZVRA) had EBITDA of -$58.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Zevra Therapeutics Inc have?
As of fiscal year 2025, Zevra Therapeutics Inc (ZVRA) had $62.4M in cash and equivalents against $61.9M in long-term debt.
What is Zevra Therapeutics Inc's gross margin?
Zevra Therapeutics Inc (ZVRA) had a gross margin of 84.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Zevra Therapeutics Inc's operating margin?
Zevra Therapeutics Inc (ZVRA) had an operating margin of -59.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Zevra Therapeutics Inc's net profit margin?
Zevra Therapeutics Inc (ZVRA) had a net profit margin of 78.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Zevra Therapeutics Inc's return on equity (ROE)?
Zevra Therapeutics Inc (ZVRA) has a return on equity of 53.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Zevra Therapeutics Inc's free cash flow?
Zevra Therapeutics Inc (ZVRA) generated -$2.4M in free cash flow during fiscal year 2025. This represents a 96.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Zevra Therapeutics Inc's operating cash flow?
Zevra Therapeutics Inc (ZVRA) generated -$1.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Zevra Therapeutics Inc's total assets?
Zevra Therapeutics Inc (ZVRA) had $284.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Zevra Therapeutics Inc's capital expenditures?
Zevra Therapeutics Inc (ZVRA) invested $835K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Zevra Therapeutics Inc spend on research and development?
Zevra Therapeutics Inc (ZVRA) invested $12.7M in research and development during fiscal year 2025.
What is Zevra Therapeutics Inc's current ratio?
Zevra Therapeutics Inc (ZVRA) had a current ratio of 5.68 as of fiscal year 2025, which is generally considered healthy.
What is Zevra Therapeutics Inc's debt-to-equity ratio?
Zevra Therapeutics Inc (ZVRA) had a debt-to-equity ratio of 0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Zevra Therapeutics Inc's return on assets (ROA)?
Zevra Therapeutics Inc (ZVRA) had a return on assets of 29.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Zevra Therapeutics Inc's cash runway?
Based on fiscal year 2025 data, Zevra Therapeutics Inc (ZVRA) had $62.4M in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 469 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Zevra Therapeutics Inc's Altman Z-Score?
Zevra Therapeutics Inc (ZVRA) has an Altman Z-Score of 2.14, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Zevra Therapeutics Inc's Piotroski F-Score?
Zevra Therapeutics Inc (ZVRA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Zevra Therapeutics Inc's earnings high quality?
Zevra Therapeutics Inc (ZVRA) has an earnings quality ratio of -0.02x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Zevra Therapeutics Inc cover its interest payments?
Zevra Therapeutics Inc (ZVRA) has an interest coverage ratio of -7.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Zevra Therapeutics Inc?
Zevra Therapeutics Inc (ZVRA) scores 67 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.