Zevra Therapeutics (ZVRA)


Market Price (7/26/2026): $9.54 | Market Cap: $557.2 MilSector: Health Care | Industry: Biotechnology

Zevra Therapeutics (ZVRA)


Market Price (7/26/2026): $9.54
Market Cap: $557.2 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -36%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 201%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%

Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 44x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 10%

Key risks
ZVRA key risks include [1] potential clinical or regulatory failure of its key pipeline candidates like KP1077 and Celiprolol, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -36%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 201%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
4 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Targeted Therapies, Show more.
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
6 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 44x
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 10%
8 Key risks
ZVRA key risks include [1] potential clinical or regulatory failure of its key pipeline candidates like KP1077 and Celiprolol, Show more.

ZVRA in ETFs

Weight = ZVRA's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
IBB0.06%
IWN0.03%
VTWO0.03%
DFAS0.02%
IWO0.02%
+2 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/24/2026

Zevra Therapeutics (ZVRA) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Balanced Q1 2026 Financial Results.

Zevra Therapeutics announced strong fiscal Q1 2026 earnings on May 6, 2026, reporting an earnings per share (EPS) of $0.18, which significantly surpassed analysts' consensus estimates of $0.06. Quarterly revenue also exceeded expectations at $36.22 million, compared to the $31.96 million consensus. However, a substantial portion of the reported net income, approximately $43 million, was attributed to a one-time gain from asset sales, specifically the SDX portfolio. This non-recurring profit tempered sustained investor enthusiasm for rapid organic growth, contributing to the stock remaining range-bound.

2. Strengthened Balance Sheet and Debt Reduction.

Following the sale of its SDX portfolio in March 2026, Zevra Therapeutics significantly bolstered its financial position. As of March 31, 2026, the company retired all $61.9 million of its outstanding debt and held $236.8 million in cash and investments. This strengthened balance sheet provided a solid financial foundation and reduced inherent risk, establishing a floor for the stock price but, in the absence of major new revenue drivers, did not precipitate a significant upward movement during the period.

Show more
Updated on 7/24/2026

Zevra Therapeutics (ZVRA) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Balanced Q1 2026 Financial Results.

Zevra Therapeutics announced strong fiscal Q1 2026 earnings on May 6, 2026, reporting an earnings per share (EPS) of $0.18, which significantly surpassed analysts' consensus estimates of $0.06. Quarterly revenue also exceeded expectations at $36.22 million, compared to the $31.96 million consensus. However, a substantial portion of the reported net income, approximately $43 million, was attributed to a one-time gain from asset sales, specifically the SDX portfolio. This non-recurring profit tempered sustained investor enthusiasm for rapid organic growth, contributing to the stock remaining range-bound.

2. Strengthened Balance Sheet and Debt Reduction.

Following the sale of its SDX portfolio in March 2026, Zevra Therapeutics significantly bolstered its financial position. As of March 31, 2026, the company retired all $61.9 million of its outstanding debt and held $236.8 million in cash and investments. This strengthened balance sheet provided a solid financial foundation and reduced inherent risk, establishing a floor for the stock price but, in the absence of major new revenue drivers, did not precipitate a significant upward movement during the period.

3. Advancing Commercial Product Protection and Pipeline Progress.

The company received a positive development with the listing of its Miplyffa® patent in the FDA Orange Book, granting exclusivity through 2041 for its Niemann-Pick Disease Type C treatment. Simultaneously, Zevra continued to advance its late-stage pipeline, including the ongoing Phase 3 DiSCOVER trial for celiprolol in Vascular Ehlers Danlos Syndrome. While these factors provided long-term optimism and supported the stock's valuation, the period lacked immediate, high-impact clinical catalysts that would typically drive a substantial breakout from its stable trading range.

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Stock Movement Drivers

Fundamental Drivers

The 2.2% change in ZVRA stock from 3/31/2026 to 7/25/2026 was primarily driven by a 29.9% change in the company's Net Income Margin (%).
(LTM values as of)33120267252026Change
Stock Price ($)9.329.532.2%
Change Contribution By: 
Total Revenues ($ Mil)10612214.9%
Net Income Margin (%)78.2%101.6%29.9%
P/E Multiple6.34.5-29.1%
Shares Outstanding (Mil)5658-3.4%
Cumulative Contribution2.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/25/2026
ReturnCorrelation
ZVRA2.2% 
Market (SPY)13.6%16.3%
Sector (XLV)10.9%15.4%

Fundamental Drivers

The 6.3% change in ZVRA stock from 12/31/2025 to 7/25/2026 was primarily driven by a 142.7% change in the company's Net Income Margin (%).
(LTM values as of)123120257252026Change
Stock Price ($)8.969.536.3%
Change Contribution By: 
Total Revenues ($ Mil)8412244.9%
Net Income Margin (%)41.9%101.6%142.7%
P/E Multiple14.24.5-68.4%
Shares Outstanding (Mil)5658-4.2%
Cumulative Contribution6.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/25/2026
ReturnCorrelation
ZVRA6.3% 
Market (SPY)8.7%18.2%
Sector (XLV)5.5%13.7%

Fundamental Drivers

The 8.1% change in ZVRA stock from 6/30/2025 to 7/25/2026 was primarily driven by a 201.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020257252026Change
Stock Price ($)8.819.538.1%
Change Contribution By: 
Total Revenues ($ Mil)41122201.3%
P/S Multiple11.74.5-61.3%
Shares Outstanding (Mil)5458-7.4%
Cumulative Contribution8.1%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/25/2026
ReturnCorrelation
ZVRA8.1% 
Market (SPY)20.6%11.1%
Sector (XLV)22.2%3.6%

Fundamental Drivers

The 86.8% change in ZVRA stock from 6/30/2023 to 7/25/2026 was primarily driven by a 1204.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020237252026Change
Stock Price ($)5.109.5386.8%
Change Contribution By: 
Total Revenues ($ Mil)91221204.8%
P/S Multiple18.84.5-75.7%
Shares Outstanding (Mil)3458-41.0%
Cumulative Contribution86.8%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/25/2026
ReturnCorrelation
ZVRA86.8% 
Market (SPY)72.6%18.9%
Sector (XLV)28.2%13.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ZVRA Return4128%-47%43%27%7%40%5978%
Peers Return-43%-14%-31%66%16%17%-24%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
ZVRA Win Rate67%25%50%58%58%71% 
Peers Win Rate35%48%35%48%55%49% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
ZVRA Max Drawdown-51%-57%-34%-40%-43%-21% 
Peers Max Drawdown-59%-51%-57%-41%-65%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: RARE, SRPT, AGIO, STOK, QURE.
[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 7/24/2026 (YTD)

How Low Can It Go

EventZVRAS&P 500
2025 US Tariff Shock
  % Loss-15.1%-18.8%
  % Gain to Breakeven17.8%23.1%
  Time to Breakeven22 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.2%-9.5%
  % Gain to Breakeven15.2%10.5%
  Time to Breakeven11 days24 days
2023 SVB Regional Banking Crisis
  % Loss-22.7%-6.7%
  % Gain to Breakeven29.3%7.1%
  Time to Breakeven13 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-56.6%-24.5%
  % Gain to Breakeven130.3%32.4%
  Time to Breakeven926 days427 days
2020 COVID-19 Crash
  % Loss-48.3%-33.7%
  % Gain to Breakeven93.4%50.9%
  Time to Breakeven296 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-58.8%-19.2%
  % Gain to Breakeven142.9%23.8%
  Time to Breakeven743 days105 days

Compare to RARE, SRPT, AGIO, STOK, QURE

In The Past

Zevra Therapeutics's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% 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.

EventZVRAS&P 500
2023 SVB Regional Banking Crisis
  % Loss-22.7%-6.7%
  % Gain to Breakeven29.3%7.1%
  Time to Breakeven13 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-56.6%-24.5%
  % Gain to Breakeven130.3%32.4%
  Time to Breakeven926 days427 days
2020 COVID-19 Crash
  % Loss-48.3%-33.7%
  % Gain to Breakeven93.4%50.9%
  Time to Breakeven296 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-58.8%-19.2%
  % Gain to Breakeven142.9%23.8%
  Time to Breakeven743 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-34.0%-3.7%
  % Gain to Breakeven51.5%3.9%
  Time to Breakeven88 days6 days

Compare to RARE, SRPT, AGIO, STOK, QURE

In The Past

Zevra Therapeutics's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% 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 Zevra Therapeutics (ZVRA)

Zevra Therapeutics (ZVRA) is a specialty pharmaceutical company dedicated to discovering and developing proprietary prodrugs. Utilizing its unique Ligand Activated Therapy technology, Zevra aims to create improved versions of existing FDA-approved drugs or develop prodrugs of existing compounds for new disease indications, primarily focusing on central nervous system (CNS) conditions.

The company's product portfolio includes two FDA-approved medications: AZSTARYS, a once-daily treatment for attention deficit hyperactivity disorder (ADHD) in patients aged six years and older, and APADAZ, an immediate-release combination product for pain relief containing a prodrug of hydrocodone. Zevra also maintains an active pipeline of candidates, including KP1077, currently in Phase II clinical trials for idiopathic hypersomnia (IH) and narcolepsy, and KP879, a Phase I candidate for stimulant use disorder.

Zevra Therapeutics primarily serves the pharmaceutical market with a focus on high-need therapeutic areas. Its main customers are patients suffering from conditions such as attention deficit hyperactivity disorder, stimulant use disorder, and various CNS rare diseases, including idiopathic hypersomnia and narcolepsy. By developing innovative prodrugs, Zevra aims to offer improved treatment options for these significant medical needs.

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Here are 1-2 brief analogies for Zevra Therapeutics:

  • Zevra Therapeutics is like the Dolby Labs of pharmaceuticals, specializing in a unique 'prodrug' technology that enhances existing medications to make them safer or more effective.
  • Zevra Therapeutics is like the AMG (Mercedes-AMG) for pharmaceuticals, taking existing, proven drugs and re-engineering them with proprietary 'prodrug' technology to create enhanced, specialized versions with improved profiles.

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  • KP1077: A prodrug of d-methylphenidate in Phase II clinical trials for idiopathic hypersomnia (IH) and narcolepsy.
  • KP879: A prodrug product candidate in Phase I clinical trials for the treatment of stimulant use disorder.
  • AZSTARYS: An FDA-approved, once-daily treatment for attention deficit hyperactivity disorder (ADHD) in patients aged six years and older.
  • APADAZ: An immediate-release combination product containing benzhydrocodone (a prodrug of hydrocodone) and acetaminophen.
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AI Analysis | Feedback

Zevra Therapeutics (ZVRA) sells primarily to other companies. Its major customers are entities with whom it enters into collaboration and license agreements for its developed pharmaceutical products.

  • KVK-Tech, Inc.
  • Commave Therapeutics SA

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Neil F. McFarlane, President & Chief Executive Officer Mr. McFarlane has served as Zevra's President, Chief Executive Officer, and a director of the Company since October 2023. He brings over 25 years of global biopharmaceutical and life sciences experience. Prior to Zevra, he was a board member at Collegium Pharmaceutical Inc. from April 2022 to July 2024. Mr. McFarlane also served as the Chief Executive Officer and a member of the board of directors of Adamas Pharmaceuticals, Inc. from September 2019 until its acquisition by Supernus Pharmaceuticals, Inc. in November 2021. His past experience also includes roles as Chief Operating Officer at Travere Therapeutics (formerly Retrophin, Inc.), and various leadership positions at UCB, Genzyme Corporation (now Sanofi), and Sangstat Medical Corporation. Justin Renz, Chief Financial Officer Mr. Renz was appointed as Chief Financial Officer, effective March 9, 2026, bringing over 25 years of financial leadership experience in the biopharmaceutical industry. His expertise spans capital markets, strategic transactions, and commercial-stage operations. Most recently, Mr. Renz served as Chief Financial & Operations Officer at Ardelyx, where he played an active role in the launch and commercialization of two innovative medicines. He previously held the positions of President and Chief Financial Officer of Correvio Pharma, Executive Vice President, Chief Financial Officer and Treasurer at Karyopharm Pharmaceuticals, and Executive Vice President and Chief Financial Officer at Zalicus Inc. Joshua Schafer, Chief Commercial Officer Mr. Schafer has served as Zevra's Chief Commercial Officer since January 2023, and also as Executive Vice President, Business Development from January 2023 to March 2025. He possesses over 25 years of experience in pharmaceutical commercial, new product development, and merger and acquisition (M&A) activities. Previously, Mr. Schafer served as General Manager of the Autoimmune and Rare Disease business at Mallinckrodt Pharmaceuticals, and before that, as Chief Strategy and Business Officer. Adrian Quartel, M.D., FFPM, Chief Medical Officer Dr. Quartel serves as Zevra's Chief Medical Officer. Rahsaan W. Thompson, Chief Legal Officer, Secretary and Compliance Officer Mr. Thompson was appointed as Chief Legal Officer, Secretary and Compliance Officer in June 2024. He brings more than 25 years of experience as a business leader and attorney in the biotech industry. Prior to joining Zevra, Mr. Thompson was the Chief Legal Officer at Lyell Immunopharma, a publicly traded, clinical-stage biotech corporation. His extensive background includes corporate governance, clinical studies, intellectual property, licensing arrangements, and litigation.

AI Analysis | Feedback

Zevra Therapeutics (NASDAQ: ZVRA) faces several key risks to its business, primarily stemming from its reliance on a single product for revenue, the inherent uncertainties of drug development, and underlying financial stability concerns. The most significant risk is the **dependence on MIPLYFFA** for a substantial portion of its revenue. MIPLYFFA (arimoclomol), approved for Niemann-Pick disease type C, accounted for 77.4% of Zevra's fourth-quarter 2025 revenue and $87.4 million of its $106.5 million full-year 2025 net revenue. This product concentration means that any challenges to MIPLYFFA's market uptake, competition from emerging treatments, or regulatory hurdles for expanding its market authorization in regions like Europe could significantly impact the company's financial performance. A second key risk involves the **clinical trial and regulatory approval process for its pipeline candidates**. While Zevra has approved products, its future growth and diversification rely on the successful development and commercialization of investigational therapies such as KP1077 (for idiopathic hypersomnia and narcolepsy) and celiprolol (for Vascular Ehlers-Danlos Syndrome). "Hiccups in late-stage trials for KP1077 or Celiprolol could challenge the thesis" of the company's future prospects. Drug development is a complex and high-risk endeavor, with no guarantee of successful trial outcomes or regulatory approvals. Finally, Zevra Therapeutics faces **financial stability concerns**, despite reporting a swing to profitability in 2025, aided by a significant gain from the sale of a priority review voucher. The company's financial health indicators, such as a Z-Score in the "grey area" and a Beneish M-Score suggesting possible financial manipulation, point to potential underlying financial stress. Furthermore, Zevra recognized a $58.7 million impairment charge related to definite-lived intangible assets in the quarter ending June 30, 2025, highlighting the risk of future impairments that could adversely affect its operating results and financial stability.

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For Zevra Therapeutics (ZVRA), the addressable markets for its main products are as follows:

  • KP1077 (Idiopathic Hypersomnia): The global idiopathic hypersomnia treatment market is expected to grow from USD 1.19 billion in 2024 to USD 3.19 billion by 2035. Another estimate places the global market at USD 3.6 billion in 2025, projected to reach USD 5.2 billion by 2035. North America is identified as the largest market, accounting for approximately 45% of the global share.
  • KP1077 (Narcolepsy): The global narcolepsy therapeutics market size is valued at USD 4.12 billion in 2025 and is predicted to increase to approximately USD 8.04 billion by 2034. North America contributed more than 38% of the revenue share in 2024.
  • KP879 (Stimulant Use Disorder): The global substance abuse treatment market size is calculated at USD 15.61 billion in 2025 and is predicted to increase to approximately USD 36.83 billion by 2034. This broader market is cited because there are currently no FDA-approved medications specifically for stimulant use disorder.
  • AZSTARYS (Attention Deficit Hyperactivity Disorder - ADHD): The global attention deficit hyperactivity disorder market size was valued at USD 15.8 billion in 2023 and is anticipated to expand at a CAGR of over 5.1% from 2024 to 2032. The U.S. attention deficit hyperactivity disorder market alone was estimated at USD 10.31 billion in 2024 and is projected to reach USD 13.88 billion by 2033.
  • APADAZ: null
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AI Analysis | Feedback

Zevra Therapeutics (NASDAQ: ZVRA) is strategically positioned for future revenue growth over the next 2-3 years, primarily by focusing on its rare disease product portfolio and pipeline advancements. Here are 4 expected drivers of future revenue growth: * **Expanded commercialization of MIPLYFFA (arimoclomol) in the U.S. for Niemann-Pick disease type C (NPC):** MIPLYFFA received U.S. FDA approval in September 2024 and has demonstrated strong commercial uptake, serving as a primary revenue driver for the company in 2025. Zevra is actively engaged in initiatives to increase patient enrollment, improve payer coverage (aiming for 78-79% from the current 52%), and enhance diagnostic efforts to identify more of the estimated 900 individuals living with NPC in the U.S.. * **European expansion of MIPLYFFA:** Zevra has submitted a Marketing Authorization Application (MAA) for MIPLYFFA to the European Medicines Agency (EMA) in July 2025, which is currently under review. A successful approval and subsequent commercial launch in Europe would open a significant new market, driving substantial revenue growth through geographic expansion. The company is evaluating pricing strategies and potential partnership options for this expansion. * **Advancement of KP1077 for Idiopathic Hypersomnia (IH) and Narcolepsy into pivotal Phase 3 trials:** KP1077, targeting rare sleep disorders, has shown promising top-line Phase 2 data for idiopathic hypersomnia, indicating clinically meaningful improvements in excessive daytime sleepiness and good tolerability. Zevra plans to engage with the U.S. FDA to discuss the design of a pivotal Phase 3 clinical trial. Progressing KP1077 through late-stage clinical development and towards a potential launch within the 2-3 year timeframe is a key pipeline driver for future revenue. * **Increased commercialization and market penetration of OLPRUVA for Urea Cycle Disorders (UCDs):** Zevra launched OLPRUVA in early 2024 following the acquisition of Acer Therapeutics in November 2023. Despite initial slower patient enrollment, the company is focused on highlighting OLPRUVA's clinical advantages and improving market dynamics to drive its commercial growth. Continued efforts to enhance patient access and reimbursement support are expected to increase its revenue contribution.

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Share Issuance

  • Zevra Therapeutics' common shares outstanding increased from 53.67 million at the end of fiscal year 2024 to 56.30 million as of March 2026, indicating share issuances during this period.

Inbound Investments

  • Zevra Therapeutics issued long-term debt totaling $58.99 million in fiscal year 2024, $42.43 million in fiscal year 2023, and $12.8 million in fiscal year 2022.
  • The company announced a plan to sell a Priority-Review Voucher for $150 million in February 2025.

Outbound Investments

  • In May 2022, Zevra Therapeutics, then known as KemPharm, acquired arimoclomol from Orphazyme A/S as part of its strategy to focus on rare diseases.
  • The company made payments for business acquisitions of $30.4 million in fiscal year 2023 and $14.09 million in fiscal year 2022.

Capital Expenditures

  • Zevra Therapeutics' capital expenditures were $0.31 million for the trailing twelve months ending June 2025, and $0.3 million in fiscal year 2023, with no capital expenditures reported in fiscal year 2024.

Better Bets vs. Zevra Therapeutics (ZVRA)

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Peer Comparisons

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Financials

ZVRARARESRPTAGIOSTOKQUREMedian
NameZevra Th.Ultragen.Sarepta .Agios Ph.Stoke Th.uniQure  
Mkt Price9.5326.9015.6836.3629.3038.9728.10
Mkt Cap0.62.71.62.11.82.42.0
Rev LTM1226702,18466321894
Op Inc LTM10-5611-476-185-188-187
FCF LTM12-508108-395-148-173-160
FCF 3Y Avg-32-488-414-372-55-161-267
CFO LTM13-497175-380-147-172-159
CFO 3Y Avg-32-465-302-361-54-156-229

Growth & Margins

ZVRARARESRPTAGIOSTOKQUREMedian
NameZevra Th.Ultragen.Sarepta .Agios Ph.Stoke Th.uniQure  
Rev Chg LTM201.3%13.5%-2.2%78.3%-83.2%-10.4%5.6%
Rev Chg 3Y Avg147.8%20.7%33.6%53.0%734.7%-29.0%43.3%
Rev Chg Q77.5%-2.2%-1.9%137.7%-96.1%127.3%37.8%
QoQ Delta Rev Chg LTM14.9%-0.4%-0.6%22.2%-82.6%12.4%6.0%
Op Inc Chg LTM113.9%-9.2%100.9%-8.0%-584.4%-13.8%-8.6%
Op Inc Chg 3Y Avg27.1%5.1%53.7%-8.0%-155.2%-12.2%-1.4%
Op Mgn LTM8.1%-83.8%0.0%-720.0%-577.5%-1,039.8%-330.6%
Op Mgn 3Y Avg-125.2%-100.7%-4.0%-1,081.7%-689.1%-1,079.8%-407.2%
QoQ Delta Op Mgn LTM12.1%-4.2%30.0%153.9%-566.3%86.0%21.0%
CFO/Rev LTM10.4%-74.2%8.0%-576.0%-457.7%-951.2%-265.9%
CFO/Rev 3Y Avg-102.1%-85.1%-18.2%-894.3%-498.5%-816.3%-300.3%
FCF/Rev LTM9.8%-75.9%5.0%-597.6%-460.4%-954.1%-268.1%
FCF/Rev 3Y Avg-102.8%-89.6%-24.3%-924.3%-505.7%-845.4%-304.2%

Valuation

ZVRARARESRPTAGIOSTOKQUREMedian
NameZevra Th.Ultragen.Sarepta .Agios Ph.Stoke Th.uniQure  
Mkt Cap0.62.71.62.11.82.42.0
P/S4.64.00.832.457.6135.118.5
P/Op Inc55.9-4.81,572.3-4.5-10.0-13.0-4.7
P/EBIT3.9-5.020.6-4.5-10.0-17.2-4.8
P/E4.5-4.425.3-5.1-10.9-11.7-4.8
P/CFO43.6-5.49.4-5.6-12.6-14.2-5.5
Total Yield22.3%-22.5%4.0%-19.8%-9.2%-8.5%-8.9%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-11.3%-14.2%-13.5%-17.4%-3.4%-30.7%-13.9%
D/E0.00.00.60.00.00.00.0
Net D/E-0.4-0.20.2-0.0-0.2-0.2-0.2

Returns

ZVRARARESRPTAGIOSTOKQUREMedian
NameZevra Th.Ultragen.Sarepta .Agios Ph.Stoke Th.uniQure  
1M Rtn-28.0%-8.0%-2.1%0.4%-3.6%-20.6%-5.8%
3M Rtn-5.5%11.6%-22.8%43.6%-13.9%116.1%3.1%
6M Rtn6.2%11.1%-25.8%27.4%-0.5%55.4%8.6%
12M Rtn-15.2%-1.6%31.4%-9.1%123.7%157.9%14.9%
3Y Rtn102.2%-36.2%-84.9%39.5%388.3%310.2%70.9%
1M Excs Rtn-27.9%-8.3%-6.8%-0.5%-4.3%-21.0%-7.6%
3M Excs Rtn-10.1%6.5%-27.5%37.0%-20.4%117.9%-1.8%
6M Excs Rtn-2.3%7.7%-35.3%19.7%-9.7%64.5%2.7%
12M Excs Rtn-35.6%-20.5%1.2%-26.9%88.8%136.8%-9.7%
3Y Excs Rtn30.5%-100.6%-147.5%-25.0%95.8%215.6%2.7%

Comparison Analyses

null

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
NDA208653  APADAZacetaminophentablet22320185.8%-21.7%-64.2%-94.2%58.8%
Collapse to Preview
Post-Approval Fwd Returns
FDA
App #
Brand
Name
Generic
Name
Dosage
Form
FDA
Approval
3M
Rtn
6M
Rtn
1Y
Rtn
2Y
Rtn
Total
Rtn
NDA208653  APADAZacetaminophentablet22320185.8%-21.7%-64.2%-94.2%58.8%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Research and development, manufacturing, commercialization and sale of innovative medicines and10624271029
Total10624271029


Net Income by Segment
$ Mil202520242023
Research and development, manufacturing, commercialization and sale of innovative medicines and83-106-46
Total83-106-46


Assets by Segment
$ Mil201820172016
Research and development, manufacturing, commercialization and sale of innovative medicines and275285
Total275285


Price Behavior

Price Behavior
Market Price$9.53 
Market Cap ($ Bil)0.6 
First Trading Date04/16/2015 
Distance from 52W High-35.4% 
   50 Days200 Days
DMA Price$12.32$10.13
DMA Trendupup
Distance from DMA-22.7%-6.0%
 3M1YR
Volatility79.5%65.7%
Downside Capture20.7026.87
Upside Capture-9.352.16
Correlation (SPY)17.3%14.6%
ZVRA Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.401.051.180.990.660.77
Up Beta-1.390.250.831.181.490.80
Down Beta3.122.311.631.481.160.53
Up Capture129%209%209%135%35%104%
Bmk +ve Days11244067140429
Stock +ve Days12243765122361
Down Capture-123%-26%53%30%-18%93%
Bmk -ve Days10172358112321
Stock -ve Days9172659124369

[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 ZVRA
ZVRA-19.1%65.5%-0.06-
Sector ETF (XLV)20.9%15.7%1.026.3%
Equity (SPY)17.6%12.7%1.0013.5%
Gold (GLD)19.2%28.1%0.617.1%
Commodities (DBC)34.7%19.1%1.42-0.5%
Real Estate (VNQ)13.8%14.1%0.694.6%
Bitcoin (BTCUSD)-46.2%42.9%-1.3216.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ZVRA
ZVRA-9.2%59.7%0.08-
Sector ETF (XLV)6.4%15.0%0.2521.1%
Equity (SPY)12.8%17.1%0.5826.9%
Gold (GLD)17.0%18.4%0.753.2%
Commodities (DBC)9.6%19.5%0.385.0%
Real Estate (VNQ)3.0%18.9%0.0618.6%
Bitcoin (BTCUSD)15.3%53.4%0.4719.1%

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 ZVRA
ZVRA-24.5%76.3%-0.05-
Sector ETF (XLV)10.0%16.6%0.4916.5%
Equity (SPY)14.9%17.9%0.7120.6%
Gold (GLD)11.3%16.1%0.573.6%
Commodities (DBC)7.2%17.9%0.3210.2%
Real Estate (VNQ)5.2%20.7%0.2114.5%
Bitcoin (BTCUSD)58.1%66.2%0.9811.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity7.8 Mil
Short Interest: % Change Since 630202620.1%
Average Daily Volume1.4 Mil
Days-to-Cover Short Interest5.4 days
Basic Shares Quantity58.4 Mil
Short % of Basic Shares13.3%

Earnings Returns History

Updated 6/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-2.2%-1.2%-5.7%
3/9/202621.3%8.2%5.2%
11/5/2025-9.7%-6.7%-12.8%
8/12/2025-19.8%-23.4%-32.4%
5/13/20253.4%9.4%19.1%
3/11/2025-1.9%-1.2%-15.1%
11/12/20241.1%4.7%-1.5%
8/13/20243.1%11.9%11.9%
...
SUMMARY STATS   
# Positive9910
# Negative131312
Median Positive3.4%9.4%6.9%
Median Negative-5.9%-9.1%-12.2%
Max Positive21.3%29.4%69.0%
Max Negative-19.8%-23.4%-32.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-2.2%-1.2%-5.7%
3/9/202621.3%8.2%5.2%
11/5/2025-9.7%-6.7%-12.8%
8/12/2025-19.8%-23.4%-32.4%
5/13/20253.4%9.4%19.1%
3/11/2025-1.9%-1.2%-15.1%
11/12/20241.1%4.7%-1.5%
8/13/20243.1%11.9%11.9%
5/8/2024-0.3%-7.2%-8.8%
11/7/2023-3.5%-9.2%8.6%
8/14/20233.8%-4.2%3.7%
5/15/20237.1%29.4%33.0%
3/7/2023-19.4%-17.0%1.9%
11/9/2022-14.0%-18.1%-15.5%
8/11/2022-1.1%-9.1%-1.1%
5/12/2022-3.3%20.5%1.9%
1/19/2022-8.5%-16.4%-26.6%
11/10/20212.9%-8.2%-7.3%
8/12/2021-10.7%-12.7%-11.9%
5/13/20216.9%17.3%69.0%
3/11/2021-5.9%8.6%-12.6%
8/12/20200.0%0.0%0.0%
SUMMARY STATS   
# Positive9910
# Negative131312
Median Positive3.4%9.4%6.9%
Median Negative-5.9%-9.1%-12.2%
Max Positive21.3%29.4%69.0%
Max Negative-19.8%-23.4%-32.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202503/09/202610-K
09/30/202511/05/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/12/202510-K
09/30/202411/13/202410-Q
06/30/202408/14/202410-Q
03/31/202405/09/202410-Q
12/31/202304/01/202410-K
09/30/202311/07/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/07/202310-K
09/30/202211/10/202210-Q
06/30/202208/12/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202503/09/202610-K
09/30/202511/05/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/12/202510-K
09/30/202411/13/202410-Q
06/30/202408/14/202410-Q
03/31/202405/09/202410-Q
12/31/202304/01/202410-K
09/30/202311/07/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/07/202310-K
09/30/202211/10/202210-Q
06/30/202208/12/202210-Q
03/31/202205/12/202210-Q
12/31/202103/31/202210-K
09/30/202111/10/202110-Q
06/30/202108/13/202110-Q
03/31/202105/14/202110-Q
12/31/202003/12/202110-K
09/30/202010/30/202010-Q
06/30/202008/12/202010-Q
03/31/202005/13/202010-Q
12/31/201902/28/202010-K
09/30/201911/14/201910-Q
06/30/201908/13/201910-Q

Insider Activity

Updated 6/23/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Thompson, RahsaanChief Legal & ComplianceDirectSell623202612.6834,557438,3041,017,661Form
2Thompson, RahsaanChief Legal & ComplianceDirectSell513202611.301,79420,272543,812Form
3McFarlane, Neil FPresident and CEODirectSell21020268.5614,625125,1863,314,530Form
4Schafer, JoshuaCCODirectSell20420269.1910,50096,500572,366Form
5Sangiovanni, Timothy JSVP, Finance & Corp ControllerDirectSell20420269.183,00027,548271,716Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Thompson, RahsaanChief Legal & ComplianceDirectSell623202612.6834,557438,3041,017,661Form
2Thompson, RahsaanChief Legal & ComplianceDirectSell513202611.301,79420,272543,812Form
3McFarlane, Neil FPresident and CEODirectSell21020268.5614,625125,1863,314,530Form
4Schafer, JoshuaCCODirectSell20420269.1910,50096,500572,366Form
5Sangiovanni, Timothy JSVP, Finance & Corp ControllerDirectSell20420269.183,00027,548271,716Form
6McFarlane, Neil FPresident and CEODirectSell20220269.3891,000853,4253,416,984Form
7Thompson, RahsaanChief Legal & ComplianceDirectSell20220268.834,08036,010440,580Form
8Quartel, Adrian WChief Medical OfficerDirectSell20220268.834,53340,03685,875Form
9Schafer, JoshuaCCODirectSell20220268.833,37529,800330,619Form
10Sangiovanni, Timothy JSVP, Finance & Corp ControllerDirectSell20220268.821,75015,442184,633Form
11McFarlane, Neil FPresident and CEODirectSell1010202510.8219,500210,9082,401,281Form
12Favorito, Tamara A DirectBuy91620257.793,17524,71830,316Form
13Shih, Alvin DirectBuy91520257.8920,000157,800157,800Form
14Bode, John B DirectBuy82020259.165,00045,825412,425Form
15Thompson, RahsaanChief Legal & ComplianceDirectSell63020259.2124,000221,004392,890Form
Core Cache Last Updated: 7/25/2026