Jun 2026 (Q2 FY26) — Aug 12, 2026
Fortress Biotech Q2 FY26 — Journey Medical Delivers Positive Adjusted EBITDA on Accelerating Emrosi Adoption
Read the full callFortress Biotech earnings: last reported Wed, 12 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 | 18.7 | +14.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -53.5 | +168.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.47 | −103.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $2.7 on 17 Oct 2025 → $1.87. High $4.38 (8 Jan 2026), low $1.87 (16 Oct 2026).
Overview
Call summaries
Fortress Biotech Q2 FY26 — Journey Medical Delivers Positive Adjusted EBITDA on Accelerating Emrosi Adoption
Read the full callEvery analysed call
Financials
Net profit, year on year: −103% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 15 | 15 | 13 | 16 | 18 | 16 | 16 | 19 |
| Expenses | 37 | 39 | 35 | 53 | 24 | — | 24 | 29 |
| Operating profit | -22 | — | -22 | -36 | -7 | — | -8 | -10 |
| Operating margin | −151.0% | — | −169.8% | −222.2% | −38.6% | — | −48.3% | −53.5% |
| Other income | -5 | -2 | -2 | 25 | 16 | -1 | 150 | 11 |
| Profit before tax | -27 | -26 | -25 | -12 | 9 | — | 142 | 1 |
| Tax rate | −0.3% | — | 0.0% | 0.0% | 0.3% | — | 3.6% | 34.7% |
| Net profit | -13 | -7 | -11 | 15 | 6 | -4 | 110 | -0 |
| EPS ($ per share) | -0.76 | — | -0.48 | 0.50 | 0.13 | — | 3.44 | -0.08 |
| 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 | -396 | -436 | -483 | -547 | -634 | -695 | -741 | -734 |
| Total liabilities | 121 | 154 | 136 | 171 | 244 | 166 | 146 | 123 |
| Fixed assets | 12 | 12 | 12 | 15 | 13 | 7 | 3 | 3 |
| Investments | 18 | 0 | — | — | — | — | — | — |
| Total assets | 141 | 226 | 333 | 397 | 294 | 168 | 144 | 186 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -99 | -95 | -84 | -117 | -179 | -128 | -80 | -66 |
| Cash from investing | 19 | 20 | -7 | 41 | -23 | -2 | -15 | 10 |
| Cash from financing | 51 | 147 | 172 | 149 | 75 | 33 | 71 | 77 |
| Net cash flow | -29 | 72 | 82 | 73 | -127 | -98 | -25 | 22 |
| Capital expenditure | -7 | -2 | -2 | -5 | -3 | -0 | 0 | — |
| Free cash flow | -106 | -97 | -86 | -121 | -182 | -128 | -80 | — |
10 filings between Jan 1, 2026 and Oct 1, 2026.
Nobody bought or sold FBIO on the open market in this window. The filings below are 10 awards.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Jin David Chief Financial Officer | Award | 1,190 | $2.2K |
| Jun 22, 2026 | Jin David Chief Financial Officer | Award | 400,000 | $0 |
| Apr 1, 2026 | Jin David Chief Financial Officer | Award | 2,967 | $6.5K |
| Mar 18, 2026 | WEISS MICHAEL S Executive Vice Chairman | Award | 475,424 | $0 |
| Mar 18, 2026 | ROSENWALD LINDSAY A MD PRESIDENT, CEO & CHAIRMAN | Award | 475,424 | $0 |
| Jan 1, 2026 | Hoenlein Malcolm Director | Award | 27,322 | $0 |
| Jan 1, 2026 | Harvey Jimmie Director | Award | 27,322 | $0 |
| Jan 1, 2026 | Klein Dov Director | Award | 27,322 | $0 |
| Jan 1, 2026 | Lorenz Kevin Director | Award | 27,322 | $0 |
| Jan 1, 2026 | LOBELL J JAY Director | Award | 27,322 | $0 |
| Oct 1, 2025 | Jin David Chief Financial Officer | Award | 2,711 | $3.5K |
| Apr 1, 2025 | Jin David Chief Financial Officer | Award | 5,000 | $6.1K |
| Jan 1, 2025 | ROSENWALD LINDSAY A MD PRESIDENT, CEO & CHAIRMAN | Award | 454,153 | $0 |
| Jan 1, 2025 | Hoenlein Malcolm Director | Award | 49,383 | $0 |
| Jan 1, 2025 | Lorenz Kevin Director | Award | 49,383 | $0 |
| Jan 1, 2025 | Harvey Jimmie Director | Award | 49,383 | $0 |
| Jan 1, 2025 | Lu Lucy Director | Award | 49,383 | $0 |
| Jan 1, 2025 | Klein Dov Director | Award | 49,383 | $0 |
| Jan 1, 2025 | LOBELL J JAY Director | Award | 49,383 | $0 |
| Jan 1, 2025 | WEISS MICHAEL S Executive Vice Chairman | Award | 454,153 | $0 |
| Dec 19, 2024 | Jin David Chief Financial Officer | Award | 1,000,000 | $0 |
| Oct 1, 2024 | Jin David Chief Financial Officer | Award | 2,625 | $3.2K |
| Sep 23, 2024 | ROSENWALD LINDSAY A MD PRESIDENT, CEO & CHAIRMAN | Purchase | 763,359 | $1.40M |
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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