Journey Medical Corp DERM

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

We are a commercial-stage pharmaceutical company that primarily focuses on the selling and marketing of U.S. Food and Drug Administration ("FDA") approved prescription pharmaceutical products for the treatment of dermatological conditions. Our current product portfolio includes eight FDA-approved prescription drugs for dermatological conditions that are marketed in the U.S. We acquire rights to products and product candidates by licensing or otherwise acquiring an ownership interest in, funding the research and development of, and eventually commercializing the products through our field sales organization. We are a controlled subsidiary of Fortress Biotech, Inc. ("Fortress" or "Parent").

On November 1, 2024, the FDA approved Emrosi for the treatment of inflammatory lesions of rosacea in adults. Emrosi was developed by Journey in collaboration with Dr. Reddy's Laboratories, Ltd. ("DRL"). Our initial supply became available in March 2025. We began sales promotion of Emrosi beginning in April 2025, and we are commercializing Emrosi in the U.S. with our existing commercial team.

Last close 7.86 2026-09-04
Market cap $216.1M estimated share count
52-week range 4.31 - 9.55

Valuation FY2025 figures against the last close

P/S3.5x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-0.47

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $61.2M$55.1M$59.7M$71.0M$63.1M$44.5M
Cost of revenue $20.9M$20.9M$22.9M$30.8M$32.1M$14.6M
Gross profit $40.3M$34.3M$36.8M$40.2M$31.1M$29.9M
R&D $480.0K$9.9M$7.5M$10.9M$2.7M
SG&A $44.4M$40.2M$43.9M$59.5M$39.8M$22.1M
Total operating expenses $70.0M$69.8M$81.3M$101.2M$98.0M$36.7M
Operating income -$8.2M-$13.7M-$2.1M-$27.5M-$34.9M$7.9M
Interest expense $3.7M$2.7M$1.7M$2.0M$7.0M$698.0K
Pre-tax income -$11.4M-$14.6M-$3.6M-$29.6M-$42.4M$7.2M
Income tax $60.0K$61.0K$221.0K$63.0K$1.6M$1.9M
Net income -$11.4M-$14.7M-$3.9M-$29.6M-$44.0M$5.3M
EPS, basic -0.47-0.72-0.21-1.69-4.320.58
EPS, diluted -0.47-0.72-0.21-1.69-4.320.49
Shares, diluted (wtd. avg.) $24.5M$20.4M$18.2M$17.5M$10.2M$10.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $24.1M$20.3M$27.4M$32.0M$49.1M$8.2M$4.8M
Receivables $29.8M$10.2M$15.2M$28.2M$23.1M$23.9M
Inventory $9.6M$14.4M$10.2M$14.2M$9.9M$1.4M
Total current assets $66.9M$48.2M$56.5M$77.7M$84.5M$35.2M
Other intangibles $27.6M$31.9M$20.3M$27.2M$12.6M$15.0M$7.4M
Total assets $94.6M$80.2M$76.8M$105.2M$97.3M$51.9M
Accounts payable $8.9M$16.1M$18.1M$36.6M$22.8M$1.8M
Total current liabilities $37.4M$35.2M$41.9M$66.8M$51.6M$28.1M
Long-term debt $25.3M$24.9M$14.6M$19.8M
Total liabilities $62.7M$60.2M$56.5M$88.2M$55.2M$41.6M
Retained earnings -$98.5M-$87.0M-$72.4M-$68.5M-$38.9M$5.1M
Total equity $31.9M$20.1M$20.4M$17.0M$42.0M$10.3M$2.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$12.4M-$9.1M$5.2M-$13.5M-$2.2M$5.1M
Depreciation and amortisation $0$5.0K
Stock-based compensation $6.3M$6.1M$2.6M$4.4M$2.5M$153.0K
Capital expenditure $15.0M$5.0M$20.0M
Investing cash flow -$15.0M-$5.0M-$20.0M-$10.0M-$1.2M
Financing cash flow $16.2M$17.0M-$4.8M$16.5M$53.0M-$487.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-034629.

Others in SIC 2834

TickerCompanyMarket capP/ERevenue growth
AKTX Akari Therapeutics Plc $1.79T
LLY ELI LILLY & Co $1.08T 50.1x 44.7%
JNJ JOHNSON & JOHNSON $663.28B 25.0x 6.0%
ONC BeOne Medicines Ltd. $529.55B 1,885.6x 40.2%
ABBV AbbVie Inc. $453.19B 108.7x 8.6%
MRK Merck & Co., Inc. $370.89B 20.6x 1.3%
ABT ABBOTT LABORATORIES $188.69B 29.1x 5.7%
PFE PFIZER INC $162.16B 20.9x -1.6%