Xeris Biopharma (XERS)
Market Price (6/18/2026): $6.9 | Market Cap: $1.2 BilSector: Health Care | Industry: Pharmaceuticals
Xeris Biopharma (XERS)
Market Price (6/18/2026): $6.9Market Cap: $1.2 BilSector: Health CareIndustry: Pharmaceuticals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 24x, P/EPrice/Earnings or Price/(Net Income) is 98x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2% Key risksXERS key risks include [1] its dependence on a limited product lineup and a history of unprofitability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 24x, P/EPrice/Earnings or Price/(Net Income) is 98x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2% |
| Key risksXERS key risks include [1] its dependence on a limited product lineup and a history of unprofitability, Show more. |
Qualitative Assessment
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Xeris Biopharma (XERS) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Xeris Biopharma reported strong financial results for fiscal Q1 2026, significantly surpassing earnings per share (EPS) expectations and returning to profitability. The company announced on May 7, 2026, an EPS of $0.01, beating the consensus estimate of -$0.00 to -$0.0085. Additionally, Xeris achieved a net income of $2.2 million, marking a return to profitability for the first time in several quarters, and its adjusted EBITDA improved by $10.7 million compared to fiscal Q1 2025, reaching $15.1 million.
2. The company raised its full-year 2026 revenue guidance, fueled by robust performance from its key commercial products, particularly Recorlev. Following the strong fiscal Q1 2026 results, Xeris Biopharma increased the lower end of its full-year 2026 revenue guidance to a range of $380 million to $390 million, implying over 30% revenue growth at the midpoint compared to 2025. This updated outlook was largely driven by Recorlev, which saw its net revenue nearly double, growing 95% year-over-year to $49.8 million in fiscal Q1 2026.
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Xeris Biopharma (XERS) stock has gained about 15% since 2/28/2026 because of the following key factors:
1. Xeris Biopharma reported strong financial results for fiscal Q1 2026, significantly surpassing earnings per share (EPS) expectations and returning to profitability. The company announced on May 7, 2026, an EPS of $0.01, beating the consensus estimate of -$0.00 to -$0.0085. Additionally, Xeris achieved a net income of $2.2 million, marking a return to profitability for the first time in several quarters, and its adjusted EBITDA improved by $10.7 million compared to fiscal Q1 2025, reaching $15.1 million.
2. The company raised its full-year 2026 revenue guidance, fueled by robust performance from its key commercial products, particularly Recorlev. Following the strong fiscal Q1 2026 results, Xeris Biopharma increased the lower end of its full-year 2026 revenue guidance to a range of $380 million to $390 million, implying over 30% revenue growth at the midpoint compared to 2025. This updated outlook was largely driven by Recorlev, which saw its net revenue nearly double, growing 95% year-over-year to $49.8 million in fiscal Q1 2026.
3. Xeris Biopharma secured extended intellectual property protection for its product Keveyis. On June 11, 2026, the company announced that the U.S. Patent and Trademark Office issued a Notice of Allowance for a new patent covering Keveyis, its therapy for primary periodic paralysis. This patent is expected to provide intellectual property protection for Keveyis through 2039, helping to shield this revenue stream from generic competition, especially since its orphan drug exclusivity expired in August 2022.
4. The company announced a strategic debt exchange agreement to strengthen its balance sheet. On June 11, 2026, Xeris Biopharma disclosed a private exchange agreement to retire approximately $23 million in principal of its 8.00% convertible senior notes due in 2028. This move is intended to enhance the company's balance sheet, reduce future dilution, and decrease annual cash interest expenses by approximately $2 million.
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Stock Movement Drivers
Fundamental Drivers
The 12.7% change in XERS stock from 2/28/2026 to 6/17/2026 was primarily driven by a 18.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.12 | 6.90 | 12.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 266 | 315 | 18.3% |
| P/S Multiple | 4.1 | 3.7 | -8.5% |
| Shares Outstanding (Mil) | 178 | 171 | 4.2% |
| Cumulative Contribution | 12.7% |
Market Drivers
2/28/2026 to 6/17/2026| Return | Correlation | |
|---|---|---|
| XERS | 12.7% | |
| Market (SPY) | 8.3% | 33.8% |
| Sector (XLV) | -5.5% | 35.9% |
Fundamental Drivers
The -3.9% change in XERS stock from 11/30/2025 to 6/17/2026 was primarily driven by a -22.0% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.18 | 6.90 | -3.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 266 | 315 | 18.3% |
| P/S Multiple | 4.8 | 3.7 | -22.0% |
| Shares Outstanding (Mil) | 178 | 171 | 4.2% |
| Cumulative Contribution | -3.9% |
Market Drivers
11/30/2025 to 6/17/2026| Return | Correlation | |
|---|---|---|
| XERS | -3.9% | |
| Market (SPY) | 9.0% | 18.4% |
| Sector (XLV) | -3.6% | 9.8% |
Fundamental Drivers
The 39.7% change in XERS stock from 5/31/2025 to 6/17/2026 was primarily driven by a 41.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.94 | 6.90 | 39.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 223 | 315 | 41.5% |
| P/S Multiple | 3.4 | 3.7 | 10.4% |
| Shares Outstanding (Mil) | 152 | 171 | -10.6% |
| Cumulative Contribution | 39.7% |
Market Drivers
5/31/2025 to 6/17/2026| Return | Correlation | |
|---|---|---|
| XERS | 39.7% | |
| Market (SPY) | 27.2% | 19.6% |
| Sector (XLV) | 15.6% | 6.8% |
Fundamental Drivers
The 169.5% change in XERS stock from 5/31/2023 to 6/17/2026 was primarily driven by a 159.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.56 | 6.90 | 169.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 121 | 315 | 159.4% |
| P/S Multiple | 2.9 | 3.7 | 29.2% |
| Shares Outstanding (Mil) | 137 | 171 | -19.6% |
| Cumulative Contribution | 169.5% |
Market Drivers
5/31/2023 to 6/17/2026| Return | Correlation | |
|---|---|---|
| XERS | 169.5% | |
| Market (SPY) | 84.3% | 29.3% |
| Sector (XLV) | 23.9% | 23.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| XERS Return | -40% | -55% | 77% | 44% | 132% | -12% | 40% |
| Peers Return | 31% | 13% | 60% | 24% | 3% | 20% | 260% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| XERS Win Rate | 42% | 33% | 58% | 75% | 75% | 50% | |
| Peers Win Rate | 52% | 53% | 58% | 55% | 48% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| XERS Max Drawdown | -76% | -61% | -51% | -47% | -35% | -35% | |
| Peers Max Drawdown | -28% | -31% | -30% | -31% | -46% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CORT, AMPH, LLY, CRNX, HALO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/17/2026 (YTD)
How Low Can It Go
| Event | XERS | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.0% | -9.5% |
| % Gain to Breakeven | 63.9% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -56.6% | -24.5% |
| % Gain to Breakeven | 130.3% | 32.4% |
| Time to Breakeven | 208 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -68.3% | -33.7% |
| % Gain to Breakeven | 215.8% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.7% | -19.2% |
| % Gain to Breakeven | 15.9% | 23.8% |
| Time to Breakeven | 15 days | 105 days |
In The Past
Xeris Biopharma's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.
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| Event | XERS | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.0% | -9.5% |
| % Gain to Breakeven | 63.9% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -56.6% | -24.5% |
| % Gain to Breakeven | 130.3% | 32.4% |
| Time to Breakeven | 208 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -68.3% | -33.7% |
| % Gain to Breakeven | 215.8% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
In The Past
Xeris Biopharma's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Xeris Biopharma (XERS)
Xeris Biopharma Holdings, Inc. (XERS) is a biopharmaceutical company dedicated to developing and commercializing specialized therapies. The company strategically focuses on addressing critical medical needs within specific patient populations across the fields of endocrinology, neurology, and gastroenterology.
Xeris currently markets three key products. These include Gvoke, a ready-to-use liquid glucagon specifically designed for the treatment of severe hypoglycemia; Keveyis, a therapy indicated for hyperkalemic, hypokalemic, and related variants of primary periodic paralysis; and Recorlev, a cortisol synthesis inhibitor approved for managing endogenous hypercortisolemia in adult patients with Cushing's syndrome.
In addition to its marketed portfolio, Xeris maintains a robust pipeline of development programs. These initiatives aim to extend the use of current products into new indications and applications, as well as to introduce new therapies. The company leverages its proprietary formulation technology platforms, XeriSol and XeriJect, to support these development efforts and enhance drug delivery.
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Here are 1-3 brief analogies for Xeris Biopharma (XERS):
- Like a BioMarin Pharmaceuticals focused on specialized conditions in endocrinology and neurology.
- Think of it as a Jazz Pharmaceuticals that uses proprietary formulation technology to develop and commercialize specialized therapies.
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- Gvoke: A ready-to-use liquid glucagon for the treatment of severe hypoglycemia.
- Keveyis: A therapy for the treatment of hyperkalemic, hypokalemic, and related variants of primary periodic paralysis.
- Recorlev: A cortisol synthesis inhibitor approved for the treatment of endogenous hypercortisolemia in adult patients with Cushing's syndrome.
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Xeris Biopharma (XERS) primarily sells its pharmaceutical products to a limited number of major wholesale drug distributors in the U.S. These distributors then sell the products to pharmacies, hospitals, and other healthcare providers.
The major customer companies are:
- AmerisourceBergen Corporation (NYSE: ABC)
- Cardinal Health, Inc. (NYSE: CAH)
- McKesson Corporation (NYSE: MCK)
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John Shannon, Chief Executive Officer
John Shannon was appointed Chief Executive Officer in August 2024. He joined Xeris in 2017 as Chief Operating Officer and was promoted to President in 2020. Mr. Shannon has over 35 years of experience in the pharmaceutical and healthcare industry. Prior to Xeris, he served as CEO and Director for Catheter Connections, Inc. through its acquisition by Merit Medical in January 2016. Before that, he was Chief Commercial Officer for Durata Therapeutics, which was acquired by Actavis (now Allergan) in November 2014. He also held several roles at Baxter Healthcare.
Steven Pieper, Chief Financial Officer
Steven Pieper is the Chief Financial Officer of Xeris, a role he assumed in July 2021 after serving as Vice President of Finance since joining the company in 2017. He brings over 20 years of experience in the life science industry. Prior to Xeris, Mr. Pieper served as the CFO and COO of Catheter Connections Inc., which was acquired by Merit Medical in January 2016. He also held the position of Director of Finance at Durata Therapeutics Inc., a biopharmaceutical company that was acquired by Actavis (now Allergan) in November 2014. Mr. Pieper began his career in healthcare at Baxter Healthcare Corporation.
Kevin McCulloch, President and Chief Operating Officer
Kevin McCulloch was named President and Chief Operating Officer of Xeris in August 2024. He joined Xeris Pharmaceuticals in October 2018 as Senior Vice President, Global Operations and Business Development and was appointed Chief Commercial Officer in September 2021. Mr. McCulloch has over 35 years of experience in the pharmaceutical and medical device industry in various leadership and general management roles.
Beth P. Hecht, Chief Legal Officer and Corporate Secretary
Beth P. Hecht serves as the Chief Legal Officer and Corporate Secretary of Xeris Pharmaceuticals. She has over 25 years of experience as a corporate executive in the life science industry, most recently serving as Managing Director and Chief Legal and Administrative Officer for Auven Therapeutics, a global biotechnology and pharmaceutical private equity firm. Ms. Hecht is currently a member of the Board of Directors of Iterum Therapeutics (Nasdaq: ITRM) and previously served on the Board of Directors of Neos Therapeutics.
Anh Nguyen, MD, MBA, Chief Medical Officer
Anh Nguyen, MD, MBA, is the Chief Medical Officer of Xeris. She joined the company in February 2025, where she steers clinical development and medical affairs.
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Here are the key risks to Xeris Biopharma's business:
- Intellectual Property Protection and Patent Litigation: Xeris Biopharma's business heavily relies on the patent protection and market exclusivity of its key products, particularly Recorlev. The company recently filed patent infringement lawsuits to prevent generic versions of Recorlev from entering the market until its patents expire in March 2040, underscoring the critical nature of intellectual property for long-term revenue. Any adverse outcomes from such litigation or the loss of patent exclusivity could significantly impact the commercial viability and revenue potential of its products.
- Intense Competition and Market Pressure: Xeris Biopharma operates in highly competitive therapeutic areas, facing established pharmaceutical giants and emerging biotechnology firms. Products like Gvoke face competition from legacy glucagon products from companies such as Eli Lilly and Novo Nordisk, as well as the potential threat of newer nasal and oral glucagon alternatives. Similarly, Recorlev and Keveyis face competition, including from generic alternatives that have already impacted Keveyis. This intense competitive landscape, characterized by pricing pressure, the vast sales forces of larger rivals, and market access challenges, can significantly impact Xeris's market share and profitability.
- Reliance on a Limited Product Portfolio and Commercialization Success: The company's financial performance and future growth are largely dependent on the commercial success and market acceptance of its currently marketed products: Gvoke, Keveyis, and Recorlev. While Xeris has shown revenue growth, underperformance of this concentrated product lineup, or if rising research and development (R&D) and selling, general, and administrative (SG&A) expenses outpace revenue growth, could negatively affect its path to sustained profitability. The ability to successfully commercialize these products and any future pipeline candidates remains a critical risk.
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- Gvoke (severe hypoglycemia): The U.S. addressable market for glucagon, which Gvoke addresses, includes approximately 8 million individuals taking insulin or at high risk for hypoglycemia, as mandated by ADA guidelines. Xeris's COO estimated in January 2025 that 15 million people with diabetes in the U.S. are at "outsized risk of having their blood sugar go too low," though only about 1 million currently carry a glucagon product. The U.S. glucagon delivery devices market size was estimated at $446.98 million in 2023 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.33% from 2024 to 2030. The global glucagon market was estimated at $610.87 million in 2025 and is forecast to reach $852.85 million by 2031.
- Keveyis (primary periodic paralysis): The U.S. addressable market for Keveyis is estimated to be 4,000-5,000 diagnosed patients with Primary Periodic Paralysis (PPP). PPP is a rare genetic condition causing episodes of muscle weakness or temporary paralysis.
- Recorlev (Cushing's syndrome): The U.S. addressable market for Recorlev, which treats endogenous hypercortisolemia in adult patients with Cushing's syndrome, is comprised of a small patient population. There are fewer than 20,000 individuals diagnosed with Cushing's syndrome in the U.S., with even fewer having the endogenous hypercortisolemia diagnosis. More specifically, the Cushing's Syndrome market in the U.S. is estimated to have 3,000-4,500 patients. While not a direct market size, Xeris anticipates Recorlev to reach annual net revenues of approximately $1 billion by 2035. Earlier estimations from 2020 suggested a potential U.S. market for Recorlev of approximately $700 million per year based on roughly 2,000 ketoconazole-treated patients, and another source from 2020 indicated a potential $2 billion+ total addressable annual market in the U.S..
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Xeris Biopharma (NASDAQ: XERS) is poised for future revenue growth over the next 2-3 years, driven by the strong performance of its commercial products and the advancement of its pipeline. Key drivers include:
- Accelerating Growth of Recorlev: Recorlev, a therapy for endogenous hypercortisolemia in adult patients with Cushing's syndrome, is consistently identified as Xeris's primary growth engine. The company has observed an accelerating demand for Recorlev, with its net revenue more than doubling in 2024 and experiencing over 100% growth in 2025. Xeris has significantly expanded its commercial footprint for Recorlev, including doubling its sales organization, to drive further adoption and anticipates a third commercial expansion in Q3 2026, aiming for $1 billion in peak sales by 2035.
- Continued Strong Demand and Market Share for Gvoke: Gvoke, a ready-to-use liquid glucagon for the treatment of severe hypoglycemia, continues to demonstrate strong demand and has maintained approximately 35% market share. The company expects Gvoke to achieve high single-digit to low double-digit growth, driven by increasing the number of protected patients and favorable net pricing. The recent approval of Gvoke VialDx also presents an opportunity for market expansion.
- Advancement of XP-8121 into Phase 3 Trials: Xeris's pipeline product, XP-8121, a once-weekly subcutaneous levothyroxine for hypothyroidism, is Phase 3 ready with trials targeted to begin in the second half of 2026. This asset holds significant long-term potential, with projected peak sales between $1 billion and $3 billion, representing a substantial future revenue stream as it progresses through clinical development.
- Resilience and Patient Growth of Keveyis: Despite facing generic competition, Keveyis, a therapy for primary periodic paralysis, has shown resilience. It maintained a stable patient base through Q4 2024 and returned to growth in Q4 2025, with increased patient numbers offsetting pricing pressures. Xeris continues to invest in Keveyis through prescriber outreach and enhanced patient services, positioning it as a steady contributor to the company's revenue.
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Share Issuance
- Xeris' issued share capital, excluding treasury shares, consisted of 66,497,370 shares of common stock as of July 28, 2021.
- In May 2022, Xeris entered into an Open Market Sale Agreement to offer, issue, and sell up to $75.0 million of its common stock.
- Total shares outstanding increased to 172,431,290 as of February 27, 2026, from 161,480,367 as of July 31, 2025.
Outbound Investments
- Xeris acquired Strongbridge Biopharma plc in 2021 through a scheme of arrangement under Irish law, as outlined in a Transaction Agreement dated May 24, 2021.
Capital Expenditures
- Capital expenditures were approximately $0.292 million for the six months ended June 30, 2025, and approximately $0.561 million for the six months ended June 30, 2024.
- Beyond traditional capital expenditures, Xeris plans to significantly allocate capital to Research & Development (R&D), with an expected increase of approximately $25 million in R&D expenses in 2026 to initiate the Phase 3 study for XP-8121.
- Another substantial allocation of capital is projected for Selling, General & Administrative (SG&A) expenses, with an anticipated increase of approximately $45 million in 2026, primarily for commercial expansion investments related to Recorlev.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Xeris Biopharma Earnings Notes | 12/16/2025 | |
| How Low Can Xeris Biopharma Stock Really Go? | 10/17/2025 | |
| Xeris Biopharma Total Shareholder Return (TSR): 44.3% in 2024 and 5.0% 3-yr compounded annual returns (below peer average) | 03/07/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 52.16 |
| Mkt Cap | 5.9 |
| Rev LTM | 745 |
| Op Inc LTM | 76 |
| FCF LTM | 127 |
| FCF 3Y Avg | 144 |
| CFO LTM | 145 |
| CFO 3Y Avg | 164 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 40.3% |
| Rev Chg 3Y Avg | 33.3% |
| Rev Chg Q | 40.2% |
| QoQ Delta Rev Chg LTM | 7.9% |
| Op Inc Chg LTM | 0.7% |
| Op Inc Chg 3Y Avg | 30.5% |
| Op Mgn LTM | 13.8% |
| Op Mgn 3Y Avg | 18.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 19.5% |
| CFO/Rev 3Y Avg | 20.5% |
| FCF/Rev LTM | 15.4% |
| FCF/Rev 3Y Avg | 10.6% |
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| NDA212097 | GVOKE KIT | glucagon | solution | 9102019 | -7.6% | -79.4% | -50.6% | -73.0% | -29.2% |
| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| NDA212097 | GVOKE KIT | glucagon | solution | 9102019 | -7.6% | -79.4% | -50.6% | -73.0% | -29.2% |
Price Behavior
| Market Price | $6.90 | |
| Market Cap ($ Bil) | 1.2 | |
| First Trading Date | 06/21/2018 | |
| Distance from 52W High | -30.3% | |
| 50 Days | 200 Days | |
| DMA Price | $6.25 | $7.05 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 10.3% | -2.1% |
| 3M | 1YR | |
| Volatility | 42.9% | 55.8% |
| Downside Capture | 49.97 | 44.40 |
| Upside Capture | 112.17 | 81.90 |
| Correlation (SPY) | 31.3% | 19.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.11 | 1.78 | 1.29 | 0.83 | 1.00 | 1.22 |
| Up Beta | 3.29 | 1.84 | 1.59 | 1.95 | 1.55 | 0.80 |
| Down Beta | 1.60 | 1.53 | 1.02 | 0.83 | 1.29 | 1.37 |
| Up Capture | 20% | 106% | 100% | 13% | 66% | 336% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 22 | 32 | 59 | 124 | 351 |
| Down Capture | 39% | 305% | 148% | 71% | 76% | 108% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 18 | 30 | 62 | 118 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XERS | |
|---|---|---|---|---|
| XERS | 58.1% | 55.8% | 1.03 | - |
| Sector ETF (XLV) | 13.1% | 15.1% | 0.61 | 6.5% |
| Equity (SPY) | 24.5% | 12.4% | 1.48 | 19.6% |
| Gold (GLD) | 24.7% | 27.5% | 0.79 | 2.5% |
| Commodities (DBC) | 22.7% | 18.9% | 0.95 | -16.7% |
| Real Estate (VNQ) | 10.6% | 13.8% | 0.49 | 14.7% |
| Bitcoin (BTCUSD) | -38.7% | 42.4% | -1.04 | 13.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XERS | |
|---|---|---|---|---|
| XERS | 11.9% | 68.4% | 0.45 | - |
| Sector ETF (XLV) | 5.4% | 14.7% | 0.19 | 25.0% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 30.5% |
| Gold (GLD) | 16.9% | 18.3% | 0.75 | 6.2% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 4.8% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 25.3% |
| Bitcoin (BTCUSD) | 12.3% | 54.2% | 0.42 | 17.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XERS | |
|---|---|---|---|---|
| XERS | -10.1% | 79.1% | 0.20 | - |
| Sector ETF (XLV) | 9.5% | 16.6% | 0.46 | 30.2% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 35.9% |
| Gold (GLD) | 12.4% | 16.1% | 0.63 | 7.0% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 12.2% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 30.4% |
| Bitcoin (BTCUSD) | 60.4% | 66.8% | 1.00 | 15.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/2/2026 | -1.6% | -5.1% | -8.5% |
| 5/8/2025 | 15.2% | 3.6% | 2.2% |
| 3/6/2025 | 9.5% | 21.2% | 29.4% |
| 1/10/2025 | 1.2% | -4.2% | 6.2% |
| 11/8/2024 | 3.3% | -9.2% | 7.4% |
| 8/8/2024 | 4.7% | 19.7% | 17.8% |
| 5/9/2024 | 1.6% | 7.0% | 25.9% |
| 1/4/2024 | 12.9% | 25.0% | 9.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 15 |
| # Negative | 7 | 8 | 4 |
| Median Positive | 5.4% | 18.3% | 11.7% |
| Median Negative | -3.1% | -8.3% | -5.6% |
| Max Positive | 15.2% | 35.2% | 29.4% |
| Max Negative | -11.8% | -25.8% | -12.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/2/2026 | -1.6% | -5.1% | -8.5% |
| 5/8/2025 | 15.2% | 3.6% | 2.2% |
| 3/6/2025 | 9.5% | 21.2% | 29.4% |
| 1/10/2025 | 1.2% | -4.2% | 6.2% |
| 11/8/2024 | 3.3% | -9.2% | 7.4% |
| 8/8/2024 | 4.7% | 19.7% | 17.8% |
| 5/9/2024 | 1.6% | 7.0% | 25.9% |
| 1/4/2024 | 12.9% | 25.0% | 9.4% |
| 11/9/2023 | -8.8% | -25.8% | 2.5% |
| 8/8/2023 | 3.6% | -9.6% | -12.4% |
| 5/9/2023 | 13.7% | 18.3% | 20.8% |
| 3/8/2023 | -11.8% | -15.0% | 23.5% |
| 1/5/2023 | -1.0% | 2.9% | 13.5% |
| 11/9/2022 | -1.3% | -7.3% | -2.7% |
| 8/10/2022 | 13.5% | 10.0% | 5.3% |
| 5/11/2022 | -8.4% | 35.2% | 5.6% |
| 3/10/2022 | 6.1% | 13.0% | -0.8% |
| 1/18/2022 | 1.4% | -4.5% | 15.8% |
| 11/10/2021 | -3.1% | 21.9% | 11.7% |
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 15 |
| # Negative | 7 | 8 | 4 |
| Median Positive | 5.4% | 18.3% | 11.7% |
| Median Negative | -3.1% | -8.3% | -5.6% |
| Max Positive | 15.2% | 35.2% | 29.4% |
| Max Negative | -11.8% | -25.8% | -12.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 03/09/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 03/12/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
| 06/30/2019 | 08/06/2019 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q4 2025 Earnings Reported 3/2/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenue | 375.00 Mil | 382.50 Mil | 390.00 Mil | 43.0% | Higher New | Guidance: 267.50 Mil for 2025 | |
| 2026 R&D Expense Increase | 25.00 Mil | ||||||
| 2026 SG&A Expense Increase | 45.00 Mil | ||||||
Prior: Q1 2025 Earnings Reported 5/8/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Total Revenue | 260.00 Mil | 267.50 Mil | 275.00 Mil | 0.9% | Raised | Guidance: 265.00 Mil for 2025 | |
Insider Activity
Updated 6/8/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Halkuff, Dawn | Direct | Sell | 6052026 | 6.09 | 20,000 | 121,886 | 578,958 | Form | |
| 2 | Bormann-Kennedy, Barbara-Jean Anne | Direct | Sell | 6052026 | 6.09 | 16,000 | 97,507 | 770,916 | Form | |
| 3 | Johnson, John | Direct | Sell | 6052026 | 6.09 | 15,000 | 91,422 | 4,163,254 | Form | |
| 4 | Persky, Marla | Direct | Sell | 6052026 | 5.90 | 15,500 | 91,433 | 746,211 | Form | |
| 5 | Hecht, Beth | See Remarks | Direct | Sell | 6022026 | 6.06 | 16,667 | 100,982 | 7,128,215 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Halkuff, Dawn | Direct | Sell | 6052026 | 6.09 | 20,000 | 121,886 | 578,958 | Form | |
| 2 | Bormann-Kennedy, Barbara-Jean Anne | Direct | Sell | 6052026 | 6.09 | 16,000 | 97,507 | 770,916 | Form | |
| 3 | Johnson, John | Direct | Sell | 6052026 | 6.09 | 15,000 | 91,422 | 4,163,254 | Form | |
| 4 | Persky, Marla | Direct | Sell | 6052026 | 5.90 | 15,500 | 91,433 | 746,211 | Form | |
| 5 | Hecht, Beth | See Remarks | Direct | Sell | 6022026 | 6.06 | 16,667 | 100,982 | 7,128,215 | Form |
| 6 | Hecht, Beth | See Remarks | Direct | Sell | 5012026 | 6.23 | 16,667 | 103,805 | 7,431,320 | Form |
| 7 | Hecht, Beth | See Remarks | Direct | Sell | 4032026 | 5.99 | 16,667 | 99,859 | 7,248,635 | Form |
| 8 | Brady, James Aloysius | Direct | Sell | 4012026 | 5.54 | 10,834 | 60,036 | 494,104 | Form | |
| 9 | Hecht, Beth | See Remarks | Direct | Sell | 3042026 | 6.25 | 16,667 | 104,086 | 7,659,560 | Form |
| 10 | Hecht, Beth | See Remarks | Direct | Sell | 2022026 | 7.45 | 16,667 | 124,147 | 9,260,030 | Form |
| 11 | Shannon, John Patrick JR | See Remarks | Direct | Sell | 1062026 | 7.08 | 24,907 | 176,257 | 19,144,652 | Form |
| 12 | Hecht, Beth | See Remarks | Direct | Sell | 1052026 | 7.43 | 16,667 | 123,776 | 9,714,496 | Form |
| 13 | Johnson, John | Direct | Sell | 12192025 | 7.22 | 135,400 | 977,019 | 5,037,227 | Form | |
| 14 | Bormann-Kennedy, Barbara-Jean Anne | Direct | Sell | 12152025 | 7.09 | 15,000 | 106,414 | 1,010,938 | Form | |
| 15 | Hecht, Beth | See Remarks | Direct | Sell | 12022025 | 7.01 | 16,667 | 116,781 | 9,250,077 | Form |
| 16 | Shannon, John Patrick JR | See Remarks | Direct | Sell | 11172025 | 7.46 | 23,242 | 173,402 | 19,719,772 | Form |
| 17 | Hecht, Beth | See Remarks | Direct | Sell | 11132025 | 7.40 | 16,667 | 123,296 | 9,889,430 | Form |
| 18 | Persky, Marla | Direct | Sell | 9122025 | 7.72 | 15,500 | 119,610 | 1,095,786 | Form | |
| 19 | Sherman, Jeffrey W | Direct | Sell | 8292025 | 7.92 | 42,232 | 334,515 | 1,736,166 | Form | |
| 20 | Johnson, John | Direct | Sell | 8152025 | 7.32 | 107,500 | 786,459 | 6,097,678 | Form | |
| 21 | Halkuff, Dawn | Direct | Sell | 8132025 | 7.28 | 42,500 | 309,226 | 836,728 | Form | |
| 22 | McCulloch, Kevin | See Remarks | Direct | Buy | 6162025 | 4.38 | 25,000 | 109,475 | 7,481,894 | Form |
Industry Resources
| Health Care Resources |
| U.S. National Library of Medicine |
| ClinicalTrials.gov |
| Modern Healthcare |
| Healthcare Dive |
| Fierce Healthcare |
| Health Affairs |
| Health Data Management |
| FDA Tracker |
| Pharmaceuticals Resources |
| Fierce Pharma |
| Pharm Exec |
| Endpoints News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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