Jun 2026 (Q2 FY26) — Aug 6, 2026
Ironwood Pharmaceuticals Q2 FY26 — Strong Linzess Performance and Apraglutide Advancement
Read the full callIronwood Pharmaceuticals earnings: last reported Thu, 6 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 | 113 | +32.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 70.2 | +17.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 51.3 | +117.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $1.43 on 17 Oct 2025 → $3.56. High $5.39 (22 Jan 2026), low $1.43 (17 Oct 2025).
Overview
Call summaries
Ironwood Pharmaceuticals Q2 FY26 — Strong Linzess Performance and Apraglutide Advancement
Read the full callEvery analysed call
Financials
Net profit, year on year: +117% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 92 | 91 | 41 | 85 | 122 | 48 | 107 | 113 |
| Expenses | 66 | 59 | 70 | 40 | 47 | 41 | 34 | 34 |
| Operating profit | 26 | 31 | -29 | 45 | 75 | 7 | 73 | 79 |
| Operating margin | 28.0% | 34.8% | −70.8% | 53.2% | 61.8% | 14.3% | 68.1% | 70.2% |
| Other income | -8 | -7 | -7 | -7 | -7 | -6 | -7 | -6 |
| Interest | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 7 |
| Profit before tax | 17 | 24 | -36 | 38 | 68 | 0 | 65 | 74 |
| Tax rate | 79.0% | 90.6% | −3.1% | 37.6% | 41.1% | 600.2% | 37.4% | 30.4% |
| Net profit | 4 | 2 | -37 | 24 | 40 | -2 | 41 | 51 |
| EPS ($ per share) | 0.02 | 0.01 | -0.23 | 0.15 | 0.25 | -0.01 | 0.25 | 0.31 |
| 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 | -1,591 | -1,572 | -1,466 | -938 | -696 | -1,699 | -1,698 | -1,674 |
| Total liabilities | 528 | 496 | 497 | 521 | 448 | 817 | 652 | 659 |
| Fixed assets | 8 | 12 | 9 | 8 | 6 | 6 | 4 | 3 |
| Total assets | 332 | 403 | 559 | 1,127 | 1,101 | 471 | 351 | 397 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -71 | 11 | 169 | 262 | 274 | 183 | 104 | 127 |
| Cash from investing | 89 | -11 | -2 | -0 | -0 | -1,026 | -0 | -0 |
| Cash from financing | 30 | -1 | 19 | -5 | -238 | 277 | -107 | 0 |
| Net cash flow | 48 | -2 | 186 | 257 | 36 | -566 | -4 | 127 |
| Capital expenditure | -0 | -7 | -2 | -0 | -0 | -0 | -0 | -0 |
| Free cash flow | -71 | 4 | 167 | 262 | 274 | 183 | 103 | 127 |
37 filings between Nov 17, 2025 and Sep 15, 2026.
Purchases
None
No insider bought shares.
Sales
$22.62M
18 sales by 8 insiders
17% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DENNER ALEXANDER J | — | $20.53M | Mar 17, 2026 |
| Silver Ronald | — | $831.2K | Jul 7, 2026 |
| MCCOURT Thomas A | — | $739.9K | Feb 24, 2026 |
| John Minardo | — | $136.2K | Feb 24, 2026 |
| Shetzline Michael | — | $121.6K | Feb 24, 2026 |
| Gaskins Tammi L | — | $100.3K | Feb 24, 2026 |
| Martini Gregory S. | — | $81.9K | Feb 24, 2026 |
| McHugh Julie | — | $80.5K | Jun 16, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | DENNER ALEXANDER J Director | Award | 3,694 | $0 |
| Jul 20, 2026 | Silber Jeffrey SVP, CMO, Head-Res&Drug | Award | 137,036 | $0 |
| Jul 7, 2026 | Silver Ronald PFO & PAO | Sale 10b5-1 plan | 127,890 | $578.1K |
| Jun 16, 2026 | McHugh Julie Director | Award 10b5-1 plan | 63,481 | $0 |
| Jun 16, 2026 | McHugh Julie Director | Sale 10b5-1 plan | 21,571 | $80.5K |
| Jun 16, 2026 | DENNER ALEXANDER J Director | Award | 63,481 | $0 |
| Jun 16, 2026 | Duane Jon R Director | Award | 63,481 | $0 |
| Jun 16, 2026 | Currie Mark G Director | Award | 63,481 | $0 |
| Jun 16, 2026 | Kessler Marla L Director | Award | 63,481 | $0 |
| Jun 16, 2026 | Shepard Jay Director | Award | 63,481 | $0 |
| Jun 16, 2026 | Moukheibir Catherine Director | Award | 63,481 | $0 |
| Jun 15, 2026 | DENNER ALEXANDER J Director | Award | 4,065 | $0 |
| May 19, 2026 | Silver Ronald PFO & PAO | Award | 25,000 | $0 |
| Mar 17, 2026 | DENNER ALEXANDER J Director | Sale | 6,725,000 | $20.51M |
| Mar 17, 2026 | DENNER ALEXANDER J Director | Sale | 5,800 | $19.2K |
| Mar 13, 2026 | DENNER ALEXANDER J Director | Award | 4,451 | $0 |
| Mar 10, 2026 | Martini Gregory S. Chief Financial Officer | Award | 136,612 | $0 |
| Mar 10, 2026 | John Minardo Chief Legal Officer | Award | 136,612 | $0 |
| Mar 10, 2026 | Silver Ronald Principal Accounting Officer | Award | 163,934 | $0 |
| Mar 10, 2026 | Shetzline Michael SVP, CMO, Head-Res&Drug | Award | 136,612 | $0 |
| Mar 10, 2026 | Gaskins Tammi L Chief Commercial Officer | Award | 136,612 | $0 |
| Mar 10, 2026 | MCCOURT Thomas A Chief Executive Officer | Award | 409,836 | $0 |
| Feb 24, 2026 | Shetzline Michael SVP, CMO, Head-Res&Drug | Sale | 17,012 | $62.3K |
| Feb 24, 2026 | Gaskins Tammi L Chief Commercial Officer | Sale | 11,239 | $41.1K |
| Feb 24, 2026 | John Minardo Chief Legal Officer | Sale | 19,053 | $69.7K |
| Feb 24, 2026 | MCCOURT Thomas A Chief Executive Officer | Sale | 103,526 | $378.9K |
| Feb 24, 2026 | Martini Gregory S. Chief Financial Officer | Sale | 11,457 | $41.9K |
| Feb 24, 2026 | Silver Ronald Principal Accounting Officer | Sale | 12,621 | $46.2K |
| Feb 23, 2026 | Silver Ronald Principal Accounting Officer | Sale | 11,552 | $44.0K |
| Feb 23, 2026 | MCCOURT Thomas A Chief Executive Officer | Sale | 94,757 | $361.0K |
| Feb 23, 2026 | Gaskins Tammi L Chief Commercial Officer | Sale | 10,287 | $39.2K |
| Feb 23, 2026 | Shetzline Michael SVP, CMO, Head-Res&Drug | Sale | 15,570 | $59.3K |
| Feb 23, 2026 | John Minardo Chief Legal Officer | Sale | 17,439 | $66.4K |
| Feb 23, 2026 | Martini Gregory S. Chief Financial Officer | Sale | 10,487 | $40.0K |
| Jan 5, 2026 | Silver Ronald Principal Accounting Officer | Sale 10b5-1 plan | 35,416 | $162.9K |
| Dec 15, 2025 | DENNER ALEXANDER J Director | Award | 4,178 | $0 |
| Nov 17, 2025 | Gaskins Tammi L Chief Commercial Officer | Sale | 6,016 | $20.0K |
| Sep 15, 2025 | DENNER ALEXANDER J Director | Award | 11,718 | $0 |
| Aug 11, 2025 | Silver Ronald Principal Accounting Officer | Sale | 2,846 | $2.4K |
| Aug 11, 2025 | John Minardo Chief Legal Officer | Sale | 7,754 | $6.5K |
| Aug 11, 2025 | Gaskins Tammi L Chief Commercial Officer | Sale | 1,316 | $1.1K |
| Aug 11, 2025 | Martini Gregory S. Chief Financial Officer | Sale | 1,265 | $1.1K |
| Jun 13, 2025 | DENNER ALEXANDER J Director | Award | 24,193 | $0 |
| Jun 10, 2025 | Dreyfus Andrew Director | Award | 45,000 | $0 |
| Jun 10, 2025 | McHugh Julie Director | Award | 45,000 | $0 |
| Jun 10, 2025 | Currie Mark G Director | Award | 45,000 | $0 |
| Jun 10, 2025 | Duane Jon R Director | Award | 45,000 | $0 |
| Jun 10, 2025 | Moukheibir Catherine Director | Award | 45,000 | $0 |
| Jun 10, 2025 | Shepard Jay Director | Award | 45,000 | $0 |
| Jun 10, 2025 | Kessler Marla L Director | Award | 45,000 | $0 |
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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