Fortress Biotech, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:58:35Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -80.19M | -128.29M | -182.12M | -121.11M | -85.61M |
| EBITDA | -65.56M | -105.92M | -136.34M | -196.18M | -185.91M | -90.57M |
| Working Capital | 74.10M | 18.97M | 32.11M | 102.72M | 245.42M | 214.39M |
| Net Debt | -10.09M | 18.07M | 734.00K | -59.57M | -238.90M | -158.57M |
| Gross Margin | 66.92% | 63.80% | 72.91% | 59.37% | 53.36% | 67.99% |
| Operating Margin | -111.00% | -191.38% | -168.43% | -268.76% | -274.08% | -206.74% |
| Net Margin | 10.77% | -79.75% | -71.75% | -114.30% | -94.06% | -102.03% |
| Return on Equity (ROE) | 13.66% | -202.30% | -268.97% | -207.51% | -59.54% | -46.37% |
| Return on Assets (ROA) | 3.67% | -31.89% | -36.20% | -29.42% | -16.32% | -13.95% |
| Current Ratio | 2.49× | 1.27× | 1.38× | 1.80× | 3.43× | 5.14× |
| Debt-to-Equity | 1.39× | 3.31× | 3.62× | 2.85× | 0.62× | 0.75× |
| Effective Tax Rate | 1.85% | -0.26% | -0.34% | -0.21% | -0.29% | -0.49% |
| Cash Conversion Ratio | -9.65× | 1.74× | 2.11× | 2.07× | 1.80× | 1.80× |
| Accruals Ratio | 0.39× | 0.24× | 0.40× | 0.32× | 0.13× | 0.11× |
| SBC % of Revenue | 45.43% | 56.56% | 20.15% | 30.35% | 28.33% | 29.50% |
| CapEx Coverage | — | — | -2035.32× | -66.08× | -25.52× | -43.45× |
| Free Cash Flow Per Share | — | $-3.86 | $-15.82 | $-30.74 | $-1.48 | $-1.19 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 63.26M | 57.67M | 84.51M | 75.74M | 68.79M | 45.60M |
| Cost of Goods and Services Sold | 20.92M | 20.88M | 22.89M | 30.77M | 32.08M | 14.59M |
| Research and Development Expense | — | — | 106.07M | 134.88M | 128.87M | 64.11M |
| Selling, General and Administrative Expense | 96.40M | 87.73M | 90.98M | 113.66M | 86.84M | 61.17M |
| Operating Income (Loss) | -70.22M | -110.38M | -142.34M | -203.56M | -188.54M | -94.27M |
| Income Tax Expense (Benefit) | -620.00K | 312.00K | 521.00K | 449.00K | 473.00K | 500.00K |
| Net Income (Loss) Attributable to Parent | 6.82M | -46.00M | -60.64M | -86.58M | -64.70M | -46.53M |
| Earnings Per Share, Basic | $-0.07 | $-2.69 | $-8.47 | $-15.97 | $-0.79 | — |
| Weighted Average Number of Shares Outstanding, Basic | 27.90M | 20.78M | 8.11M | 5.92M | 81.70M | — |
| Earnings Per Share, Diluted | $-0.07 | $-2.69 | $-8.47 | $-15.97 | $-0.79 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 27.90M | 20.78M | 8.11M | 5.92M | 81.70M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 79.38M | 57.26M | 80.93M | 178.27M | 305.74M | 233.35M |
| Assets, Current | 123.84M | 90.37M | 117.02M | 230.43M | 346.46M | 266.15M |
| Assets | 185.55M | 144.22M | 167.53M | 294.30M | 396.50M | 333.41M |
| Long-term Debt | 54.49M | 57.96M | 60.86M | 91.73M | 42.94M | 51.68M |
| Liabilities, Current | 49.74M | 71.40M | 84.91M | 127.72M | 101.04M | 51.76M |
| Liabilities | 123.36M | 145.87M | 165.94M | 244.28M | 170.63M | 136.41M |
| Stockholders' Equity Attributable to Parent | 49.87M | 22.74M | 22.54M | 41.72M | 108.67M | 100.34M |
| Common Stock, Shares, Outstanding | 31.36M | 27.91M | 15.09B | 7.37B | 101.44M | 94.88M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -65.78M | -80.19M | -128.22M | -179.40M | -116.54M | -83.68M |
| Payments to Acquire Property, Plant, and Equipment | — | 0 | 63.00K | 2.71M | 4.57M | 1.93M |
| Net Cash Provided by (Used in) Investing Activities | 10.12M | -15.00M | -2.10M | -22.93M | 40.51M | -7.16M |
| Payments for Repurchase of Common Stock | — | — | — | — | — | 70.00K |
| Net Cash Provided by (Used in) Financing Activities | 77.44M | 70.64M | 32.74M | 75.32M | 148.99M | 172.41M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | -47.12M | — | -12.91M |
| EBITDA | -6.52M | -3.63M | -5.65M | -35.31M | -21.13M | -22.71M |
| Working Capital | 192.09M | 74.10M | 64.44M | 52.88M | 53.23M | 18.97M |
| Net Debt | -202.21M | -10.09M | -23.55M | -8.92M | -18.98M | 18.07M |
| Gross Margin | 61.23% | 66.17% | 67.36% | 69.91% | 63.54% | 69.05% |
| Operating Margin | -48.25% | -29.78% | -38.63% | -222.22% | -169.85% | -157.64% |
| Net Margin | 688.20% | -24.49% | 33.18% | 94.35% | -80.55% | -44.74% |
| Return on Equity (ROE) | 68.04% | -7.89% | 10.47% | 35.26% | -47.57% | -29.75% |
| Return on Assets (ROA) | 30.93% | -2.12% | 3.22% | 9.69% | -5.94% | -4.69% |
| Current Ratio | 2.86× | 2.49× | 2.19× | 1.92× | 1.72× | 1.27× |
| Debt-to-Equity | 0.33× | 1.39× | 1.12× | 1.49× | 3.25× | 3.31× |
| Effective Tax Rate | 3.61% | 13.13% | 0.29% | — | 0.00% | -1.29% |
| Cash Conversion Ratio | 1.85× | 3.19× | -9.10× | -3.04× | 1.85× | 1.91× |
| Accruals Ratio | -0.26× | 0.05× | 0.33× | 0.39× | 0.05× | 0.04× |
| SBC % of Revenue | 10.95% | 15.29% | 149.06% | 140.63% | 47.87% | 107.08% |
| Free Cash Flow Per Share | — | — | — | $-1.58 | — | $-0.62 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 0.88× | — | — | — | — | — |
| P/S | 1.40× | 1.81× | 1.84× | 0.93× | 0.80× | 0.98× |
| P/B | 0.57× | 2.30× | 2.05× | 1.26× | 2.07× | 2.49× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 16.04M | 16.08M | 17.63M | 16.41M | 13.14M | 15.12M |
| Cost of Goods and Services Sold | 6.22M | 5.44M | 5.75M | 4.94M | 4.79M | 4.68M |
| Selling, General and Administrative Expense | 15.89M | 14.73M | 17.41M | 38.76M | 25.66M | 26.86M |
| Operating Income (Loss) | -7.74M | -4.79M | -6.81M | -36.47M | -22.32M | -23.84M |
| Income Tax Expense (Benefit) | 5.13M | -816.00K | 26.00K | 0 | 0 | 336.00K |
| Net Income (Loss) Attributable to Parent | 110.37M | -3.94M | 5.85M | 15.49M | -10.58M | -6.76M |
| Earnings Per Share, Basic | $3.44 | $-0.23 | $0.13 | $0.50 | $-0.48 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Basic | 31.54M | 27.90M | 27.24M | 26.88M | 26.45M | 20.78M |
| Earnings Per Share, Diluted | $2.82 | $-0.21 | $0.11 | $0.45 | $-0.48 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Diluted | 38.41M | 27.90M | 33.10M | 29.82M | 26.45M | 20.78M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 255.84M | 79.38M | 86.22M | 74.39M | 91.34M | 57.26M |
| Assets, Current | 295.48M | 123.84M | 118.50M | 110.40M | 126.90M | 90.37M |
| Assets | 356.87M | 185.55M | 181.41M | 159.90M | 178.07M | 144.22M |
| Long-term Debt | 37.50M | 54.49M | 47.77M | 50.03M | 56.38M | 57.96M |
| Liabilities, Current | 103.39M | 49.74M | 54.07M | 57.52M | 73.67M | 71.40M |
| Liabilities | 154.50M | 123.36M | 116.22M | 122.51M | 145.59M | 145.87M |
| Stockholders' Equity Attributable to Parent | 162.21M | 49.87M | 55.86M | 43.92M | 22.25M | 22.74M |
| Common Stock, Shares, Outstanding | 33.19M | 31.36M | 31.01M | 29.75M | 29.55M | 27.91M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 203.85M | -12.54M | -53.23M | -47.12M | -19.56M | -12.91M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | 0 |
| Net Cash Provided by (Used in) Investing Activities | 0 | 0 | 10.12M | 7.25M | 1.17M | -15.00M |
| Net Cash Provided by (Used in) Financing Activities | -27.39M | 5.71M | 71.73M | 56.66M | 52.14M | 25.81M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (FBIO CIK 0001429260),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.