Fortress Biotech Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	63.26	57.68	84.51	75.74	68.79
Revenue Growth (YoY)	9.69%	-31.76%	11.58%	10.11%	50.86%
Cost of Revenue	20.92	20.88	22.89	30.78	32.08
Gross Profit	42.34	36.8	61.62	44.97	36.71
Selling, General & Admin	96.4	87.73	90.98	113.66	86.84
Depreciation & Amortization Expenses	4.26	3.42	3.77	-	-
Research & Development	11.9	56.88	106.07	134.88	128.87
Other Operating Expenses	-	8.25	3.14	-	9.54
Total Operating Expenses	112.56	156.28	203.96	248.53	225.25
Operating Income	-70.22	-110.38	-142.34	-203.56	-188.54
Interest Income	2.49	2.68	3	1.4	0.65
Interest Expense	-10.11	-13.53	-15.32	-13.64	-15.31
Other Non-Operating Income (Expense)	44.31	0.68	1.02	2.34	38.85
Total Non-Operating Income (Expense)	36.69	-10.16	-11.29	-9.9	24.19
Pretax Income	-33.54	-120.54	-153.63	-213.46	-164.35
Provision for Income Taxes	-0.62	0.31	0.52	0.45	0.47
Net Income	-1.88	-55.89	-68.67	-94.61	-64.7
Minority Interest in Earnings	-39.73	-74.86	-93.52	-127.34	-100.12
Net Income Attributable to Preferred Dividends	8.7	9.89	8.03	8.03	-
Net Income to Common	-1.88	-55.89	-68.67	-94.61	-64.7
Shares Outstanding (Basic)	28	21	8	6	5
Shares Outstanding (Diluted)	28	21	8	6	5
Shares Change (YoY)	34.24%	156.25%	36.89%	8.78%	13.46%
EPS (Basic)	-0.07	-2.69	-8.47	-15.97	-11.85
EPS (Diluted)	-0.07	-2.69	-8.47	-15.97	-11.85
Shares Outstanding	31.36	27.91	15.09	7.37	6.76
Free Cash Flow	-65.78	-80.19	-128.29	-182.12	-121.11
Free Cash Flow Per Share	-2.36	-3.86	-15.82	-30.74	-22.23
Gross Margin	66.92%	63.80%	72.91%	59.37%	53.36%
Operating Margin	-111.00%	-191.38%	-168.43%	-268.76%	-274.08%
Profit Margin	-52.03%	-209.55%	-182.40%	-282.42%	-239.60%
FCF Margin	-103.98%	-139.04%	-151.80%	-240.44%	-176.05%
EBITDA	-63.62	-103.07	-134.27	-194.21	-184.22
EBITDA Margin	-100.56%	-178.71%	-158.87%	-256.41%	-267.80%
EBIT	-70.22	-110.38	-142.34	-203.56	-188.54
EBIT Margin	-111.00%	-191.38%	-168.43%	-268.76%	-274.08%
Effective Tax Rate	1.85%	-0.26%	-0.34%	-0.21%	-0.29%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q