Jaguar Health Reports Second Quarter 2025 Financials: Net Q2 2025 Revenue Up Approximately 35% Versus Net Q1 2025 Revenue
Jaguar Health (NASDAQ:JAGX) reported Q2 2025 financial results showing significant growth. Net revenue reached $3.0 million, marking a 35% increase from Q1 2025's $2.2 million and a 10% rise from Q2 2024. Mytesi prescription volume grew 6.5% quarter-over-quarter.
The company's financial performance showed mixed results with increased sales but wider losses. Net loss attributable to common stockholders increased to $10.4 million in Q2 2025 from $9.5 million in Q2 2024. Notable developments include positive initial proof-of-concept results from trials showing crofelemer reduced total parenteral nutrition requirements in MVID and SBS-IF patients by up to 27% and 12.5% respectively.
Jaguar Health (NASDAQ:JAGX) ha comunicato i risultati finanziari del secondo trimestre 2025, evidenziando una crescita significativa. I ricavi netti sono saliti a $3,0 milioni, pari a un aumento del 35% rispetto ai $2,2 milioni del primo trimestre 2025 e a una crescita del 10% rispetto al secondo trimestre 2024. Il volume delle prescrizioni di Mytesi è aumentato del 6,5% trimestre su trimestre.
La performance finanziaria è stata mista: le vendite sono cresciute ma le perdite si sono ampliate. La perdita netta attribuibile agli azionisti comuni è aumentata a $10,4 milioni nel Q2 2025, rispetto a $9,5 milioni nel Q2 2024. Tra gli sviluppi rilevanti figurano risultati iniziali di proof-of-concept positivi dagli studi, che mostrano come la crofelemer abbia ridotto il fabbisogno di nutrizione parenterale totale nei pazienti con MVID e SBS-IF rispettivamente fino al 27% e al 12,5%.
Jaguar Health (NASDAQ:JAGX) presentó los resultados financieros del segundo trimestre de 2025, mostrando un crecimiento significativo. Los ingresos netos alcanzaron $3,0 millones, lo que supone un aumento del 35% respecto a los $2,2 millones del primer trimestre de 2025 y una subida del 10% respecto al segundo trimestre de 2024. El volumen de recetas de Mytesi creció un 6,5% trimestre a trimestre.
El desempeño financiero fue mixto: las ventas aumentaron, pero las pérdidas se ampliaron. La pérdida neta atribuible a los accionistas comunes se incrementó hasta $10,4 millones en el 2T 2025, frente a $9,5 millones en el 2T 2024. Entre los hitos destaca un resultado inicial de proof-of-concept positivo en ensayos que muestran que crofelemer redujo los requerimientos de nutrición parenteral total en pacientes con MVID y SBS-IF en hasta un 27% y un 12,5%, respectivamente.
Jaguar Health (NASDAQ:JAGX)가 2025년 2분기 실적을 발표하며 유의미한 성장을 보였습니다. 순매출은 $3.0 million으로 2025년 1분기의 $2.2 million 대비 35% 증가했고, 2024년 2분기 대비로는 10% 상승했습니다. Mytesi 처방량은 분기별로 6.5% 늘었습니다.
재무 성과는 판매 증가와 손실 확대가 혼재된 모습이었습니다. 보통주주에게 귀속되는 순손실은 2025년 2분기에 $10.4 million으로 2024년 2분기의 $9.5 million에서 증가했습니다. 주목할 만한 발전으로는 초기 개념검증(proof-of-concept) 시험에서 crofelemer가 MVID 및 SBS-IF 환자의 전체 중심정맥영양(총 비경구 영양) 필요량을 각각 최대 27% 및 12.5%까지 줄였다는 긍정적 결과가 있습니다.
Jaguar Health (NASDAQ:JAGX) a publié ses résultats financiers du deuxième trimestre 2025, montrant une croissance notable. Le chiffre d'affaires net a atteint $3,0 millions, soit une hausse de 35% par rapport aux $2,2 millions du premier trimestre 2025 et une augmentation de 10% par rapport au deuxième trimestre 2024. Le volume des prescriptions de Mytesi a augmenté de 6,5% d'un trimestre à l'autre.
La performance financière est contrastée : des ventes en hausse mais des pertes accrues. La perte nette attribuable aux actionnaires ordinaires est passée à $10,4 millions au 2T 2025, contre $9,5 millions au 2T 2024. Fait notable : des résultats initiaux de proof-of-concept montrent que la crofelemer a réduit les besoins en nutrition parentérale totale chez des patients MVID et SBS-IF de respectivement jusqu'à 27% et 12,5%.
Jaguar Health (NASDAQ:JAGX) meldete die Finanzergebnisse für das zweite Quartal 2025 und verzeichnete deutliches Wachstum. Der Nettoumsatz belief sich auf $3,0 Millionen, was einem Anstieg von 35% gegenüber $2,2 Millionen im ersten Quartal 2025 und einem Plus von 10% gegenüber dem zweiten Quartal 2024 entspricht. Das Verschreibungsvolumen von Mytesi stieg viertelüberviertel um 6,5%.
Die finanzielle Entwicklung war zwiespältig: höhere Umsätze, aber größere Verluste. Der den Stammaktionären zuzurechnende Nettoverlust erhöhte sich im 2. Quartal 2025 auf $10,4 Millionen gegenüber $9,5 Millionen im 2. Quartal 2024. Zu den bemerkenswerten Entwicklungen zählen positive erste Proof-of-Concept-Ergebnisse aus Studien, die zeigen, dass Crofelemer den Bedarf an totaler parenteraler Ernährung bei MVID- bzw. SBS-IF-Patienten um bis zu 27% bzw. 12,5% senkte.
- Net revenue increased 35% quarter-over-quarter to $3.0 million
- Mytesi prescription volume grew 6.5% in Q2 2025 vs Q1 2025
- Promising clinical results showing up to 27% reduction in parenteral nutrition for MVID patients
- Research and Development expenses decreased by $0.4 million year-over-year
- Net loss increased to $10.4 million from $9.5 million year-over-year
- Sales and Marketing expenses increased by $1.0 million year-over-year
- General and Administrative expenses rose by $0.4 million
- Loss from operations widened by $0.8 million to $8.0 million
Insights
Jaguar Health shows revenue growth but widening losses as it shifts toward orphan drug development to seek non-dilutive partnerships.
Jaguar Health's Q2 2025 financials present a mixed picture with some positive revenue momentum against concerning bottom-line deterioration. The company achieved
However, beneath these topline improvements lies troubling operational performance. The operating loss widened by
The expense structure reveals strategic pivots: R&D decreased by
The company's stated strategy to pursue business development partnerships for its orphan indication products represents a critical pivot toward non-dilutive funding. This approach makes sense given the promising early clinical data showing crofelemer reduced total parenteral nutrition requirements in rare disease patients (MVID by
The combined net Q2 2025 revenue of approximately
Mytesi prescription volume increased approximately
As announced, initial proof-of-concept results from the ongoing investigator-initiated trial in Abu Dhabi show crofelemer reduced the required total parenteral nutrition in the first participating microvillus inclusion disease (MVID) patient by up to
Company strategy: Seek business development partnerships for license to develop and commercialize Jaguar's orphan indication products, resulting in non-dilutive funding for Jaguar
REMINDER: Today Jaguar to host investor webcast at 8:30 a.m. Eastern regarding Q2 2025 financials and company updates; Click here to register
SAN FRANCISCO, CA / ACCESS Newswire / August 14, 2025 / Jaguar Health, Inc. (NASDAQ:JAGX) ("Jaguar" or the "Company") today reported its consolidated second-quarter 2025 financial results.
2025 SECOND QUARTER COMPANY FINANCIAL RESULTS:
Net Prescription Products Revenue: The combined net revenue for the Company's prescription products (Mytesi®, Gelclair®, and Canalevia®-CA1) was approximately
$2.9 million in the second quarter of 2025, representing an increase of approximately36% over the combined net revenue in the first quarter of 2025, which totaled approximately$2.2 million , and an increase of approximately10% over the combined net revenue for the second quarter of 2024, which totaled approximately$2.7 million .Mytesi Prescription Volume: Mytesi prescription volume increased by approximately
6.5% in the second quarter of 2025 over the first quarter of 2025, and Mytesi prescription volume in the second quarter of 2025 was equal to the volume in the second quarter of 2024. Prescription volume differs from invoiced sales volume, which reflects, among other factors, varying buying patterns among specialty pharmacies in the closed network as they manage their inventory levels.
License Revenue: For the second quarter of 2025, the Company recognized license fees of
$42,500 from a securities purchase agreement with a European partner. As of June 30, 2025, the total deferred revenue associated with this contract amounts to approximately$637,500.
Neonorm™: Revenues for the non-prescription Neonorm products were minimal for the second quarters of 2025 and 2024.
Three Months Ending | ||||||||||||||||
Financial Highlights | June 30, | |||||||||||||||
(in thousands, except per share amounts) | 2025 | 2024 | $ change | % change | ||||||||||||
Net product revenue | $ | 2,979 | $ | 2,721 | 258 | 9 | % | |||||||||
Loss from operations | $ | (8,007 | ) | $ | (7,197 | ) | (810 | ) | 11 | % | ||||||
Net loss attributable to common stockholders | $ | (10,406 | ) | $ | (9,492 | ) | (914 | ) | 10 | % | ||||||
Net loss per share, basic and diluted | $ | (10.25 | ) | $ | (2.66 | ) | (8 | ) | 285 | % | ||||||
Cost of Product Revenue: Total cost of product revenue increased by approximately
$0.1 million , from$0.4 million for the quarter ended June 30, 2024 compared to$0.5 million for the quarter ended June 30, 2025, due to increased sales of Mytesi.Research and Development: The R&D expense decreased by
$0.4 million , from$3.7 million for the quarter ended June 30, 2024 compared to$3.3 million for the quarter ended June 30, 2025, primarily due to the conclusion of the Phase 3 OnTarget clinical trial, which reduced trial-related contract manufacturing services and regulatory activities.
Sales and Marketing: The Sales and Marketing expense increased by approximately
$1.0 million , from$1.5 million for the quarter ended June 30, 2024 to$2.5 million during the same quarter in 2025. The increase in expense was mostly due to headcount and promotional activities related to commercialization of Gelclair, which began in the end of 2024.General and Administrative: The G&A expense increased by approximately
$0.4 million , from$4.3 million for the quarter ended June 30, 2024 to$4.7 million during the same quarter in 2025, largely due to increased legal and compliance expenses.Loss from Operations: Loss from operations increased by
$0.8 million , from$7.2 million in the quarter ended June 30, 2024 to$8.0 million during the same period in 2025.Net Loss: Net loss attributable to common shareholders increased by approximately
$1.0 million , from$9.46 million in the quarter ended June 30, 2024 to$10.46 million in the same period in 2025. In addition to the loss from operations:Interest expense decreased by
$93,000 , from$108,000 for the quarter ended June 30, 2024 to approximately$15,000 income in the same period in 2025, primarily due to changing the accounting of certain debt instruments designated at Fair Value Option (FVO).The fair value of financial and hybrid instrument designation at FVO decreased by
$0.7 million , from a loss of$1.8 million in the three months ended June 30, 2024, to a loss of$1.1 million in the same period in 2025, primarily due to fair value adjustments in liability classified warrants and notes payable designated at FVO.
Non-GAAP Recurring EBITDA: Non-GAAP recurring EBITDA for the second quarters of 2025 and 2024 were a net loss of
$7.9 million and$8.8 million , respectively.
Three Months Ending | ||||||||||||||||
June 30, | ||||||||||||||||
(in thousands) | 2025 | 2024 | $ change | % change | ||||||||||||
(unaudited) | ||||||||||||||||
Net loss attributable to common stockholders | $ | (10,406 | ) | $ | (9,492 | ) | 914 | -10 | % | |||||||
Adjustments: | ||||||||||||||||
Interest income | (15 | ) | (108 | ) | (93 | ) | 86 | % | ||||||||
Property and equipment depreciation | 16 | 17 | 1 | 4 | % | |||||||||||
Amortization of intangible assets | 427 | 430 | 3 | 1 | % | |||||||||||
Share-based compensation expense | 279 | 387 | 109 | 28 | % | |||||||||||
Loss on extinguishment of debt | 1,822 | - | (1,822 | ) | -100 | % | ||||||||||
Non-GAAP EBITDA | (7,877 | ) | (8,766 | ) | (888 | ) | 10 | % | ||||||||
Note Regarding Use of Non-GAAP Measures
The Company supplements its condensed consolidated financial statements presented on a GAAP basis by providing non-GAAP EBITDA and non-GAAP recurring EBITDA, which are considered non-GAAP under applicable SEC rules. Jaguar believes that the disclosure items of these non-GAAP measures provide investors with additional information that reflects the basis upon which Company management assesses and operates the business. These non-GAAP financial measures are not in accordance with GAAP and should not be viewed in isolation or as substitutes for GAAP net sales and GAAP net loss and are not substitutes for, or superior to, measures of financial performance in conformity with GAAP.
The Company defines non-GAAP EBITDA as net loss before interest expense and other expense, depreciation of property and equipment, amortization of intangible assets, share-based compensation expense and provision for or benefit from income taxes. The Company defines non-GAAP Recurring EBITDA as non-GAAP EBITDA adjusted for certain non-recurring revenues and expenses. Company management believes that non-GAAP EBITDA and non-GAAP Recurring EBITDA are meaningful indicators of Jaguar's performance and provide useful information to investors regarding the Company's results of operations and financial condition.
Participation Instructions for Webcast
When: Thursday, August 14, 2025 at 8:30 a.m. Eastern
Participant Registration & Access Link: Click Here
Replay Instructions for Webcast
Replay of the webcast on the investor relations section of Jaguar's website: (click here)
About Crofelemer
Crofelemer is the only oral FDA-approved prescription drug under botanical guidance. It is plant-based, extracted and purified from the red bark sap of the Croton lechleri tree in the Amazon Rainforest. Napo Pharmaceuticals, a Jaguar family company, has established a sustainable harvesting program, under fair trade practices, for crofelemer to ensure a high degree of quality, ecological integrity, and support for Indigenous communities.
About the Jaguar Health Family of Companies
Jaguar Health, Inc. (Jaguar) is a commercial stage pharmaceuticals company focused on developing novel proprietary prescription medicines sustainably derived from plants from rainforest areas for people and animals with gastrointestinal distress, specifically associated with overactive bowel, which includes symptoms such as chronic debilitating diarrhea, urgency, bowel incontinence, and cramping pain. Jaguar family company Napo Pharmaceuticals (Napo) focuses on developing and commercializing human prescription pharmaceuticals for essential supportive care and management of neglected gastrointestinal symptoms across multiple complicated disease states. Napo's crofelemer is FDA-approved under the brand name Mytesi® for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. Jaguar family company Napo Therapeutics is an Italian corporation Jaguar established in Milan, Italy in 2021 focused on expanding crofelemer access in Europe and specifically for orphan diseases. Jaguar Animal Health is a Jaguar tradename. Magdalena Biosciences, a joint venture formed by Jaguar and Filament Health Corp. that emerged from Jaguar's Entheogen Therapeutics Initiative (ETI), is focused on developing novel prescription medicines derived from plants for mental health indications.
For more information about:
Jaguar Health, visit https://jaguar.health
Napo Pharmaceuticals, visit www.napopharma.com
Napo Therapeutics, visit napotherapeutics.com
Magdalena Biosciences, visit magdalenabiosciences.com
Canalevia-CA1, visit canalevia.com
Visit the Make Cancer Less Shitty patient advocacy program on Bluesky, X, Facebook & Instagram
About Mytesi®
Mytesi (crofelemer) is an antidiarrheal indicated for the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART). Mytesi is not indicated for the treatment of infectious diarrhea. Rule out infectious etiologies of diarrhea before starting Mytesi. If infectious etiologies are not considered, there is a risk that patients with infectious etiologies will not receive the appropriate therapy and their disease may worsen. In clinical studies, the most common adverse reactions occurring at a rate greater than placebo were upper respiratory tract infection (
See full Prescribing Information at Mytesi.com. Crofelemer, the active ingredient in Mytesi, is a botanical (plant-based) drug extracted and purified from the red bark sap of the medicinal Croton lechleri tree in the Amazon rainforest. Napo has established a sustainable harvesting program for crofelemer to ensure a high degree of quality and ecological integrity.
About Gelclair®
INDICATIONS
GELCLAIR® has a mechanical action indicated for the management of pain and relief of pain by adhering to the mucosal surface of the mouth, soothing oral lesions of various etiologies, including oral mucositis/stomatitis (may be caused by chemotherapy or radiation therapy), irritation due to oral surgery, traumatic ulcers caused by braces or ill-fitting dentures, or disease. Also, indicated for diffuse aphthous ulcers.
IMPORTANT SAFETY INFORMATION
Do not use GELCLAIR if there is a known or suspected hypersensitivity to any of its ingredients.
No adverse effects have been reported in clinical trials, although postmarketing reports have included infrequent complaints of burning sensation in the mouth.
If GELCLAIR is swallowed accidentally, no adverse effects are anticipated.
If no improvement is seen within 7 days, a physician should be consulted.
You are encouraged to report negative side effects of prescription medical products to the FDA.
Visit www.fda.gov/safety/medwatch, call 1-855-273-0468 or fill-in the form at this link.
Please see full Prescribing Information at:
https://www.gelclairhcp.com/pdf/prescribing-information-instructions-for-use.pdf
Important Safety Information About Canalevia®-CA1
For oral use in dogs only. Not for use in humans. Keep Canalevia-CA1 (crofelemer delayed-release tablets) in a secure location out of reach of children and other animals. Consult a physician in case of accidental ingestion by humans. Do not use in dogs that have a known hypersensitivity to crofelemer. Prior to using Canalevia-CA1, rule out infectious etiologies of diarrhea. Canalevia-CA1 is a conditionally approved drug indicated for the treatment of chemotherapy-induced diarrhea in dogs. The most common adverse reactions included decreased appetite, decreased activity, dehydration, abdominal pain, and vomiting.
Caution: Federal law restricts this drug to use by or on the order of a licensed veterinarian. Use only as directed. It is a violation of Federal law to use this product other than as directed in the labeling.Conditionally approved by FDA pending a full demonstration of effectiveness under application number 141-552.
See full Prescribing Information at Canalevia.com.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements." These include statements regarding Jaguar's expectation that it will hold an investor webcast on August 14, 2025, and statements regarding Jaguar's planned regulatory pathway to complete a supplemental NDA for crofelemer for patients with metastatic breast cancer. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "aim," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this release are only predictions. Jaguar has based these forward-looking statements largely on its current expectations and projections about future events. These forward-looking statements speak only as of the date of this release and are subject to several risks, uncertainties, and assumptions, some of which cannot be predicted or quantified and some of which are beyond Jaguar's control. Except as required by applicable law, Jaguar does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
Contact:
hello@jaguar.health
Jaguar-JAGX
SOURCE: Jaguar Health, Inc.
View the original press release on ACCESS Newswire
FAQ
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