Jun 2026 (Q2 FY26) — Aug 5, 2026
Emergent BioSolutions Q2 FY26 — Strong MCM Performance Offsets Naloxone Headwinds
Read the full callEmergent BioSolutions earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 234 | +66.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -53.4 | −54.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -180 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $9.16 on 17 Oct 2025 → $6.36. High $13.9 (7 Jan 2026), low $4.45 (11 Aug 2026).
Overview
Call summaries
Emergent BioSolutions Q2 FY26 — Strong MCM Performance Offsets Naloxone Headwinds
Read the full callEvery analysed call
Financials
Net profit, year on year: −1402% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 294 | 195 | 222 | 141 | 231 | 149 | 156 | 234 |
| Operating profit | 65 | -9 | 50 | 2 | 77 | -28 | 11 | -125 |
| Operating margin | 21.9% | −4.9% | 22.5% | 1.1% | 33.1% | −18.8% | 6.7% | −53.4% |
| Other income | 78 | -18 | 43 | -18 | -19 | -23 | 3 | -41 |
| Interest | 8 | 15 | 15 | 15 | 15 | 15 | 11 | 10 |
| Profit before tax | 142 | -28 | 93 | -17 | 58 | -51 | 13 | -166 |
| Tax rate | 19.4% | −13.4% | 26.6% | 28.6% | 11.1% | −7.7% | 49.3% | −8.4% |
| Net profit | 115 | -31 | 68 | -12 | 51 | -55 | 7 | -180 |
| EPS ($ per share) | 2.16 | — | 1.25 | -0.22 | 0.96 | — | 0.13 | -3.49 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 367 | 422 | 727 | 950 | 739 | -22 | -212 | -160 |
| Total liabilities | 1,219 | 1,239 | 1,436 | 1,346 | 1,779 | 1,174 | 907 | 796 |
| Fixed assets | 510 | 542 | 644 | 800 | 818 | 383 | 271 | 205 |
| Total assets | 2,229 | 2,327 | 2,883 | 2,958 | 3,166 | 1,823 | 1,390 | 1,319 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 42 | 188 | 537 | 320 | -34 | -206 | 59 | 171 |
| Cash from investing | -897 | -97 | -152 | -224 | -381 | 212 | 125 | 69 |
| Cash from financing | 789 | -36 | 70 | -141 | 481 | -536 | -190 | -137 |
| Net cash flow | -67 | 56 | 454 | -45 | 66 | -531 | -6 | 104 |
| Capital expenditure | -72 | -87 | -142 | -224 | -116 | -52 | -23 | -14 |
| Free cash flow | -30 | 101 | 395 | 96 | -150 | -258 | 36 | 157 |
59 filings between Nov 7, 2025 and Oct 7, 2026.
Purchases
None
No insider bought shares.
Sales
$1.26M
15 sales by 6 insiders
73% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 4 dispositions to the issuer.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DeGolyer Donald W | — | $443.8K | Oct 7, 2026 |
| Richard Ronald | — | $263.1K | Dec 5, 2025 |
| Dayal Sujata Tyagi | — | $201.1K | May 1, 2026 |
| Zoon Kathryn C | — | $144.5K | May 1, 2026 |
| Katkin Keith | — | $128.2K | Apr 30, 2026 |
| Williams Paul Anthony | — | $78.5K | Oct 1, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | DeGolyer Donald W Director | Sale 10b5-1 plan | 17,800 | $126.2K |
| Oct 1, 2026 | Williams Paul Anthony SVP, Products Business | Sale 10b5-1 plan | 3,000 | $19.6K |
| Jul 1, 2026 | Williams Paul Anthony SVP, Products Business | Sale 10b5-1 plan | 3,000 | $25.2K |
| Jun 8, 2026 | Williams Paul Anthony SVP, Products Business | Tax withheld | 694 | $5.6K |
| Jun 8, 2026 | LINDAHL RICHARD S EVP, Chief Financial Officer | Tax withheld | 3,964 | $31.7K |
| Jun 8, 2026 | Hartzel William SVP, Bioservices | Tax withheld | 1,741 | $13.9K |
| Jun 8, 2026 | Glessner Coleen EVP, Quality & Ethics, and CPL | Tax withheld | 2,018 | $16.1K |
| May 1, 2026 | Dayal Sujata Tyagi Director | Sale 10b5-1 plan | 12,781 | $106.8K |
| May 1, 2026 | Zoon Kathryn C Director | Sale 10b5-1 plan | 16,145 | $135.0K |
| May 1, 2026 | DeGolyer Donald W Director | Sale 10b5-1 plan | 954 | $8.5K |
| May 1, 2026 | DeGolyer Donald W Director | Sale 10b5-1 plan | 14,527 | $121.4K |
| May 1, 2026 | Dayal Sujata Tyagi Director | Sale 10b5-1 plan | 980 | $8.8K |
| May 1, 2026 | Zoon Kathryn C Director | Sale 10b5-1 plan | 1,057 | $9.5K |
| Apr 30, 2026 | Dayal Sujata Tyagi Director | Award 10b5-1 plan | 25,344 | $0 |
| Apr 30, 2026 | Harsanyi Zsolt Chairman | Award | 25,344 | $0 |
| Apr 30, 2026 | Katkin Keith Director | Sale 10b5-1 plan | 15,481 | $128.2K |
| Apr 30, 2026 | Katkin Keith Director | Award 10b5-1 plan | 25,344 | $0 |
| Apr 30, 2026 | FOWLER JOHN D JR Director | Award | 25,344 | $0 |
| Apr 30, 2026 | Zoon Kathryn C Director | Award 10b5-1 plan | 25,344 | $0 |
| Apr 30, 2026 | DeGolyer Donald W Director | Award 10b5-1 plan | 25,344 | $0 |
| Apr 30, 2026 | White Marvin L Director | Award | 25,344 | $0 |
| Apr 30, 2026 | Fowler Neal Franklin Director | Award | 25,344 | $0 |
| Apr 30, 2026 | Richard Ronald Director | Award | 25,344 | $0 |
| Apr 29, 2026 | LINDAHL RICHARD S EVP, Chief Financial Officer | Award | 162,680 | $0 |
| Apr 29, 2026 | Lowry Simon C SVP, R&D, CMO | Award | 100,111 | $0 |
| Apr 29, 2026 | Perl Jessica SVP, General Counsel, Corp Sec | Award | 104,282 | $0 |
| Apr 29, 2026 | Hartzel William SVP, Bioservices | Award | 100,111 | $0 |
| Apr 29, 2026 | Williams Paul Anthony SVP, Products Business | Award | 100,111 | $0 |
| Apr 29, 2026 | PAPA JOSEPH C President and CEO | Award | 187,708 | $0 |
| Apr 29, 2026 | Glessner Coleen EVP, Quality & Ethics, and CPL | Award | 100,111 | $0 |
| Apr 1, 2026 | Williams Paul Anthony SVP, Products Business | Sale 10b5-1 plan | 4,000 | $33.8K |
| Mar 5, 2026 | LINDAHL RICHARD S EVP, Chief Financial Officer | Tax withheld | 23,650 | $199.6K |
| Mar 5, 2026 | Glessner Coleen EVP, Quality & Ethics, and CPL | Tax withheld | 8,199 | $69.2K |
| Mar 5, 2026 | Lowry Simon C SVP, R&D, CMO | Tax withheld | 10,636 | $89.8K |
| Mar 5, 2026 | PAPA JOSEPH C President and CEO | Tax withheld | 37,055 | $312.7K |
| Mar 5, 2026 | Hartzel William SVP, Bioservices | Tax withheld | 9,493 | $80.1K |
| Mar 5, 2026 | Williams Paul Anthony SVP, Products Business | Tax withheld | 9,397 | $79.3K |
| Mar 5, 2026 | Perl Jessica SVP, General Counsel, Corp Sec | Tax withheld | 6,465 | $54.6K |
| Mar 3, 2026 | FOWLER JOHN D JR Director | Award | 5,006 | $45.0K |
| Mar 1, 2026 | Williams Paul Anthony SVP, Products Business | Tax withheld | 116 | $945 |
| Mar 1, 2026 | Glessner Coleen EVP, Quality & Ethics, and CPL | Tax withheld | 313 | $2.6K |
| Mar 1, 2026 | LINDAHL RICHARD S EVP, Chief Financial Officer | Tax withheld | 683 | $5.6K |
| Feb 9, 2026 | Perl Jessica SVP, General Counsel, Corp Sec | Tax withheld | 918 | $10.1K |
| Feb 6, 2026 | Hartzel William SVP, Bioservices | Tax withheld | 630 | $6.9K |
| Feb 6, 2026 | LINDAHL RICHARD S EVP, Chief Financial Officer | Disposition to issuer | 46,155 | $504.0K |
| Feb 6, 2026 | Hartzel William SVP, Bioservices | Disposition to issuer | 5,771 | $63.0K |
| Feb 6, 2026 | Williams Paul Anthony SVP, Products Business | Tax withheld | 1,022 | $11.2K |
| Feb 6, 2026 | Williams Paul Anthony SVP, Products Business | Disposition to issuer | 8,655 | $94.5K |
| Feb 6, 2026 | Glessner Coleen EVP, Quality & Ethics, and CPL | Tax withheld | 2,852 | $31.1K |
| Feb 6, 2026 | Glessner Coleen EVP, Quality & Ethics, and CPL | Disposition to issuer | 28,847 | $315.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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