Fortress Biotech, Inc. FBIO

Healthcare SIC 2834 - Pharmaceutical Preparations NAICS Manufacturing › Chemical Manufacturing › Pharmaceutical and Medicine Manufacturing › Pharmaceutical Preparation Manufacturing derived Nasdaq

Fortress Biotech, Inc. ("Fortress" or the "Company") is a biopharmaceutical company focused on acquiring and advancing assets to enhance long-term value for shareholders through product revenue, equity holding and dividend and royalty revenue streams. Fortress works in concert with our extensive network of key opinion leaders to identify and evaluate promising products and product candidates for potential acquisition. We have executed arrangements in partnership with some of the world's foremost universities, research institutes and pharmaceutical companies, including City of Hope National Medical Center ("COH" or "City of Hope"), Dana-Farber Cancer Institute, Nationwide Children's Hospital, Columbia University, the University of Pennsylvania, AstraZeneca plc, Dr. Reddy's Laboratories, Ltd. ("DRL"), and Sun Pharmaceutical Industries Limited ("Sun Pharma").

Last close 1.93 2026-10-23
Market cap $61.4M estimated share count
52-week range 1.83 - 4.53

Valuation FY2025 figures against the last close

P/S1.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield1.1%
Diluted EPS-0.07

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $61.2M$55.1M$59.7M$71.0M$63.1M$44.5M$34.9M$23.4M$15.5M$16.5M
Cost of revenue $20.9M$20.9M$22.9M$30.8M$32.1M$14.6M$10.5M$6.1M$3.7M$790.0K
Gross profit $40.3M$34.3M$36.8M$40.2M$31.1M$29.9M$24.4M$17.3M$11.9M$15.7M
R&D ——$106.1M$134.9M$128.9M$64.1M$81.3M$87.4M$48.3M$35.1M
SG&A $96.4M$87.7M$91.0M$113.7M$86.8M$61.2M$55.6M$53.4M$50.9M$28.2M
Total operating expenses $133.5M$168.1M$226.9M$279.3M$257.3M$139.9M$147.4M$146.9M$107.0M$82.2M
Operating income -$70.2M-$110.4M-$142.3M-$203.6M-$188.5M-$94.3M-$110.8M-$120.0M-$89.8M-$65.7M
Interest expense ——————$11.8K$10.3K$7.7K$3.7M
Pre-tax income -$33.5M-$120.5M-$153.6M-$213.5M-$164.4M-$102.8M-$101.7M-$130.8M-$97.5M-$71.3M
Income tax $620.0K$312.0K$521.0K$449.0K$473.0K$500.0K$0$0$1.5M$0
Net income $37.0M$21.0M$31.0M-$86.6M-$64.7M-$46.5M-$40.0M-$84.1M-$66.9M-$55.1M
EPS, basic -0.07-2.69-8.47-15.97-0.79—————
EPS, diluted -0.07-2.69-8.47-15.97-0.79-0.65-0.73-1.94-1.61-1.38
Shares, diluted (wtd. avg.) 27.9M20.8M8.1M5.9M81.7M—————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $79.4M$57.3M$83.4M$181.0M$308.0M$235.0M$153.4M$81.6M$111.0M$82.1M
Short-term investments ——————$0$17.6M$36.0M$0
Receivables $29.8M$10.2M$15.2M$28.2M$23.1M$23.9M$13.5M$5.5M$7.8M$1.8M
Inventory $9.6M$14.4M$10.2M$14.2M$9.9M$1.4M$857.0K$678.0K$171.0K$203.0K
Total current assets $123.8M$90.4M$117.0M$230.4M$346.5M$266.1M$156.3M$111.2M$183.2M$109.6M
Property, plant and equipment $2.5M$3.3M$6.5M$13.0M$15.1M$11.9M$12.4M$12.0M$7.1M$1.2M
Goodwill ————————$18.6M$18.6M
Other intangibles $27.6M$31.9M$20.3M$27.2M$12.6M$14.6M$7.4M$1.4M$883.0K$17.4M
Total assets $185.5M$144.2M$167.5M$294.3M$396.5M$333.4M$226.4M$141.0M$245.9M$170.7M
Accounts payable $14.2M$31.6M$34.8M$57.2M$47.4M$11.4M$35.5M$34.1M$27.4M$24.3M
Total current liabilities $49.7M$71.4M$84.9M$127.7M$101.0M$51.8M$45.6M$55.6M$71.4M$56.6M
Long-term debt $52.4M$58.0M$60.9M$91.7M$42.9M$51.7M$84.7M$84.4M$67.5M$30.2M
Total liabilities $123.4M$145.9M$165.9M$244.3M$170.6M$136.4M$153.9M$121.2M$125.4M$87.8M
Retained earnings -$734.1M-$740.9M-$694.9M-$634.2M-$547.5M-$482.8M-$436.2M-$396.3M-$312.1M-$245.3M
Total equity $49.9M$22.7M$1.6M$50.0M$225.9M$197.0M$72.5M$19.7M$120.5M$83.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$65.8M-$80.2M-$128.2M-$179.4M-$116.5M-$83.7M-$95.0M-$98.8M-$81.3M-$45.8M
Depreciation and amortisation $403.0K$1.0M$2.2M$3.1M$2.6M$2.3M$1.9M$1.4M$726.0K$944.0K
Stock-based compensation $28.7M$32.6M$17.0M$23.0M$19.5M$13.5M$13.2M$15.0M$13.4M$12.1M
Capital expenditure —$0$63.0K$2.7M$4.6M$1.9M$2.3M$7.1M$648.0K$6.4M
Investing cash flow $10.1M-$15.0M-$2.1M-$22.9M$40.5M-$7.2M$20.1M$18.8M-$40.2M-$6.1M
Financing cash flow $77.4M$70.6M$32.7M$75.3M$149.0M$172.4M$146.7M$50.6M$150.4M$42.9M
Dividends paid $664.0K$694.0K$736.0K$749.0K$749.0K$237.0K$0———
Buybacks —————$70.0K$0———

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 0001104659-26-050358.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M -50M 0 50M 100M Revenue, FY2016: 16.5M Gross profit, FY2016: 15.7M Net income, FY2016: -55.1M Revenue, FY2017: 15.5M Gross profit, FY2017: 11.9M Net income, FY2017: -66.9M Revenue, FY2018: 23.4M Gross profit, FY2018: 17.3M Net income, FY2018: -84.1M Revenue, FY2019: 34.9M Gross profit, FY2019: 24.4M Net income, FY2019: -40M Revenue, FY2020: 44.5M Gross profit, FY2020: 29.9M Net income, FY2020: -46.5M Revenue, FY2021: 63.1M Gross profit, FY2021: 31.1M Net income, FY2021: -64.7M Revenue, FY2022: 71M Gross profit, FY2022: 40.2M Net income, FY2022: -86.6M Revenue, FY2023: 59.7M Gross profit, FY2023: 36.8M Net income, FY2023: 31M Revenue, FY2024: 55.1M Gross profit, FY2024: 34.3M Net income, FY2024: 21M Revenue, FY2025: 61.2M Gross profit, FY2025: 40.3M Net income, FY2025: 37M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $16.5M $15.5M $23.4M $34.9M $44.5M $63.1M $71.0M $59.7M $55.1M $61.2M
Gross profit $15.7M $11.9M $17.3M $24.4M $29.9M $31.1M $40.2M $36.8M $34.3M $40.3M
Net income -$55.1M -$66.9M -$84.1M -$40.0M -$46.5M -$64.7M -$86.6M $31.0M $21.0M $37.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event Item 8.01
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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