Supernus Pharmaceuticals, Inc. (SUPN)

Supernus Pharmaceuticals, Inc., a biopharmaceutical company, engages in the development and commercialization of products for the treatment of central nervous system (CNS) diseases in the United States. It offers Qelbree, a non-stimulant indicated for the treatment of attention-deficit hyperactivity disorder (ADHD); GOCOVRI for the treatment of dyskinesia and levodopa/carbidopa in patients with Parkinson's Disease (PD); Oxtellar XR, an extended-release oxcarbazepine product indicated for the monotherapy treatment of partial onset epilepsy seizures; and APOKYN for the acute and intermittent treatment of hypomobility or off episodes in patients with advanced PD. It also provides Trokendi XR, an extended release topiramate product indicated for the treatment of epilepsy, as well as for the prophylaxis of migraine headache; XADAGO for the treatment of levodopa/carbidopa in patients with PD experiencing off episodes; and MYOBLOC, a Type B toxin product indicated for the treatment of cervical dystonia and chronic sialorrhea. In addition, the company develops ONAPGO, which received FDA approval, for the treatment of motor fluctuations in adults with advanced PD; SPN-817, a first-in-class selective acetylcholinesterase inhibitor, which is in Phase 2 clinical trial, for the treatment of epilepsy, partial seizures, Dravet syndrome, and Lennox-Gaustaut syndrome; SPN-820, a small molecule in Phase 2 clinical trial for treating resistant depression; and SPN-443, a stimulant in Phase 1 trial for the treatment of ADHD/CNS. It markets and sells its products through pharmaceutical wholesalers, specialty pharmacies, and distributors. It has a development agreement with Navitor Inc. for the conduct of Phase 2 clinical program of SPN-820. Supernus Pharmaceuticals, Inc. was incorporated in 2005 and is based in Rockville, Maryland.

Symbol
SUPN
Exchange
Nasdaq
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Market cap
$2.54B
52 week range
40.51 - 59.68

Valuation

Share price
$43.39 (close of 2026-09-23)
P/E (TTM)
-22.79x
Price to book
2.47x
Price to free cash flow
135.45x
Enterprise value
$2.40B
Book value per share
$17.73

Price performance

PeriodChange
1 day+1.43%
5 days+5.11%
1 month-5.37%
3 months-2.45%
6 months-11.90%
Year to date-12.70%
1 year-7.35%
3 years+54.03%
5 years+61.12%
10 years+65.80%
All time+708.01%

Profitability and growth

Return on equity
-3.63%
Return on invested capital
-5.32%
Return on assets
-2.65%
Return on capital employed
-5.59%
Gross margin
89.63%
Net margin
-5.36%
EBITDA margin
4.07%
Revenue growth
8.63%
Net income growth
-152.19%
Free cash flow growth
-73.14%

Cash flow and balance sheet

Free cash flow yield (TTM)
0.74%
Current ratio
2.08x
Net debt to EBITDA
7.70x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$718.95M
Cost of revenue
$74.56M
Gross profit
$644.39M
EBITDA
$29.28M
Net income
$-38.55M
Earnings per share
$-0.68
Research and development
$106.23M
Shares outstanding
56.45M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$718.95M$644.39M$-38.55M$-0.68
2024-12-31$661.82M$583.91M$73.86M$1.34
2023-12-31$607.52M$523.74M$1.32M$0.02
2022-12-31$667.24M$580.02M$60.71M$1.13
2021-12-31$579.77M$481.25M$53.42M$1.01
2020-12-31$520.40M$467.94M$126.95M$2.41
2019-12-31$392.75M$376.10M$113.06M$2.16
2018-12-31$408.90M$393.54M$110.99M$2.13
2017-12-31$302.24M$287.02M$57.28M$1.13
2016-12-31$215.00M$203.02M$91.22M$1.84

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3189.63%-5.36%-3.63%-5.32%
2024-12-3188.23%11.16%7.13%5.76%
2023-12-3186.21%0.22%0.14%-0.59%
2022-12-3186.93%9.10%6.85%3.72%
2021-12-3183.01%9.21%6.55%10.04%
2020-12-3189.92%24.39%17.04%25.75%
2019-12-3195.76%28.79%18.99%25.52%
2018-12-3196.24%27.14%24.50%44.20%
2017-12-3194.97%18.95%21.42%33.62%
2016-12-3194.43%42.43%47.57%43.25%

Cash and debt by year

Period endCash
2025-12-31$128.45M
2024-12-31$69.33M
2023-12-31$75.05M
2022-12-31$93.12M
2021-12-31$203.43M
2020-12-31$288.64M
2019-12-31$181.38M
2018-12-31$192.25M
2017-12-31$100.30M
2016-12-31$66.40M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$45.99M$33.05M
2024-12-31$171.23M$27.75M
2023-12-31$110.53M$26.76M
2022-12-31$116.41M$17.57M
2021-12-31$127.13M$17.91M
2020-12-31$134.95M$16.56M
2019-12-31$140.39M$14.85M
2018-12-31$128.14M$11.29M
2017-12-31$112.61M$8.43M
2016-12-31$65.21M$5.93M

Investor relations

Next earnings report

Next confirmed report
2026-11-03
Consensus EPS estimate
$0.66

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026$0.30
2026-05-05--
2026-02-24--
2025-11-04--
2025-08-05--
2025-05-06--
2025-02-25--
2024-11-04--

Filings and sources

Company website
supernus.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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