Jun 2026 (Q2 FY26) — Aug 4, 2026
Travere Therapeutics Q2 FY26 — Exceptional FILSPARI Growth and Pipeline Advancement
Read the full callTravere Therapeutics earnings: last reported Tue, 4 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 | 170 | +48.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.3 | +13.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -34.8 | 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. |
Guidance
9 of 9 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Data readout from post-transplant recurrent FSGS/IgAN study | Anticipate data from this study in 2027 | Jun 2026 | We recently completed enrollment in our post-transplant study evaluating recurrent FSGS and recurrent IgA nephropathy, areas of significant unmet need. We anticipate data from this study in 2027. | New |
| FDA full approval of FILSPARI (sparsentan) in FSGS | Potential full FDA approval for sparsentan in FSGS in 2025 (year-end 2025), contingent on sNDA submission | Sep 2024 | We achieved the first FDA approval in FSGS | Achieved* |
8 of Travere Therapeutics, Inc.'s 17 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 15 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $26.14 on 14 Oct 2025 → $52.79. High $67.52 (27 Aug 2026), low $26.14 (14 Oct 2025).
Overview
Guidance
9 of 9 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Data readout from post-transplant recurrent FSGS/IgAN study | Anticipate data from this study in 2027 | Jun 2026 | We recently completed enrollment in our post-transplant study evaluating recurrent FSGS and recurrent IgA nephropathy, areas of significant unmet need. We anticipate data from this study in 2027. | New |
| FDA full approval of FILSPARI (sparsentan) in FSGS | Potential full FDA approval for sparsentan in FSGS in 2025 (year-end 2025), contingent on sNDA submission | Sep 2024 | We achieved the first FDA approval in FSGS | Achieved* |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 17 tracked commitments, with each call’s wording and source.
Call summaries
Travere Therapeutics Q2 FY26 — Exceptional FILSPARI Growth and Pipeline Advancement
Read the full callTravere Therapeutics Q1 FY26 — FILSPARI FSGS Approval and Record IgAN Demand Drive Growth
Read the full callEvery analysed call
Financials
Net profit, year on year: −173% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 63 | 75 | 82 | 114 | 165 | 130 | 127 | 170 |
| Expenses | 119 | 136 | 124 | 127 | 140 | 162 | 164 | 166 |
| Operating profit | -56 | -61 | -43 | -13 | 25 | -32 | -37 | 4 |
| Operating margin | −89.3% | −81.2% | −52.2% | −11.1% | 15.1% | −25.0% | −29.0% | 2.3% |
| Other income | 1 | 0 | 1 | -0 | 1 | — | 0 | -39 |
| Interest | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 |
| Profit before tax | -55 | -60 | -41 | -13 | 26 | -21 | -37 | -35 |
| Tax rate | 0.1% | 0.1% | −0.1% | −0.2% | 0.0% | −4.4% | 0.3% | 0.6% |
| Net profit | -55 | -60 | -41 | -13 | 26 | 3 | -37 | -35 |
| EPS ($ per share) | -0.70 | — | -0.47 | -0.14 | 0.29 | — | -0.40 | -0.37 |
| 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 | -270 | -416 | -586 | -766 | -1,014 | -1,126 | -1,447 | -1,473 |
| Total liabilities | 391 | 384 | 396 | 475 | 630 | 588 | 535 | 490 |
| Fixed assets | 3 | 3 | 9 | 11 | 9 | 7 | 5 | 4 |
| Total assets | 709 | 605 | 607 | 777 | 673 | 789 | 594 | 605 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -25 | -58 | -43 | -15 | -186 | -280 | -237 | 38 |
| Cash from investing | -203 | 20 | -61 | -138 | -33 | 56 | 99 | 28 |
| Cash from financing | 232 | -2 | 128 | 232 | 118 | 219 | 139 | -33 |
| Net cash flow | 3 | -40 | 22 | 81 | -104 | -4 | 0 | 35 |
| Capital expenditure | -1 | -0 | -7 | -5 | -0 | -1 | — | — |
| Free cash flow | -26 | -58 | -50 | -20 | -186 | -281 | — | — |
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +48.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| New patient start forms FILSPARI | 993The first quarter marked the highest demand to date as we received 993 new patient [ start forms ], reflecting continued expansion among new prescribers and deepening utilization across established accounts.Source: earnings call transcript | 2,000+Their efforts resulted in record FILSPARI demand with over 2,000 new patient start forms across IgA nephropathy and FSGS and record US revenue of more than $141 million for the quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Q3 FY2025 · share of revenue
As TVTX cuts its regions in its filings; they can nest, so they need not add to 100%.
216 filings between Oct 28, 2025 and Sep 17, 2026.
Purchases
None
No insider bought shares.
Sales
$104.24M
121 sales by 11 insiders
93% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Dube Eric M | — | $41.35M | Sep 17, 2026 |
| Heerma Peter | — | $18.97M | Sep 17, 2026 |
| ROTE WILLIAM E. | — | $16.43M | Sep 16, 2026 |
| REED ELIZABETH E | — | $7.02M | Sep 15, 2026 |
| Inrig Jula | — | $5.16M | Sep 15, 2026 |
| Cline Christopher R. | — | $4.64M | Sep 15, 2026 |
| Calvin Sandra | — | $4.19M | Sep 15, 2026 |
| Baynes Roy D. | — | $2.55M | Jun 12, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 17, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sale 10b5-1 plan | 8,282 | $538.9K |
| Sep 17, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 6,802 | $441.8K |
| Sep 17, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Option exercise 10b5-1 plan | 108,493 | $2.53M |
| Sep 17, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 101,691 | $6.57M |
| Sep 17, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Option exercise 10b5-1 plan | 8,282 | $185.5K |
| Sep 16, 2026 | ROTE WILLIAM E. Chief Research Officer | Option exercise 10b5-1 plan | 57,500 | $1.55M |
| Sep 16, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Option exercise 10b5-1 plan | 17,717 | $476.2K |
| Sep 16, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sale 10b5-1 plan | 93,604 | $5.92M |
| Sep 16, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 96,125 | $6.12M |
| Sep 16, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 99,716 | $6.31M |
| Sep 16, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Option exercise 10b5-1 plan | 100,000 | $1.13M |
| Sep 16, 2026 | ROTE WILLIAM E. Chief Research Officer | Option exercise 10b5-1 plan | 55,000 | $850.3K |
| Sep 16, 2026 | ROTE WILLIAM E. Chief Research Officer | Sale 10b5-1 plan | 65,104 | $4.11M |
| Sep 16, 2026 | ROTE WILLIAM E. Chief Research Officer | Sale 10b5-1 plan | 47,746 | $3.04M |
| Sep 16, 2026 | ROTE WILLIAM E. Chief Research Officer | Option exercise 10b5-1 plan | 350 | $6.3K |
| Sep 16, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sale 10b5-1 plan | 79,113 | $5.04M |
| Sep 16, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Option exercise 10b5-1 plan | 55,000 | $850.3K |
| Sep 16, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Option exercise 10b5-1 plan | 195,841 | $4.57M |
| Sep 15, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 63,498 | $3.94M |
| Sep 15, 2026 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 27,473 | $1.70M |
| Sep 15, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sale 10b5-1 plan | 71,938 | $4.46M |
| Sep 15, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sale 10b5-1 plan | 27,421 | $1.72M |
| Sep 15, 2026 | Inrig Jula EVP, Head of R&D & CMO | Sale 10b5-1 plan | 400 | $26.1K |
| Sep 15, 2026 | Inrig Jula EVP, Head of R&D & CMO | Sale 10b5-1 plan | 1,600 | $101.9K |
| Sep 15, 2026 | REED ELIZABETH E Chief Legal Officer and GC | Sale 10b5-1 plan | 300 | $19.6K |
| Sep 15, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 28,796 | $1.80M |
| Sep 15, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Option exercise 10b5-1 plan | 36,526 | $326.2K |
| Sep 15, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 3,102 | $197.4K |
| Sep 15, 2026 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 20,735 | $1.30M |
| Sep 15, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Option exercise 10b5-1 plan | 95,666 | $2.23M |
| Sep 15, 2026 | ROTE WILLIAM E. Chief Research Officer | Sale 10b5-1 plan | 63,907 | $3.96M |
| Sep 15, 2026 | Dube Eric M CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 270 | $17.6K |
| Sep 15, 2026 | Inrig Jula EVP, Head of R&D & CMO | Sale 10b5-1 plan | 25,390 | $1.57M |
| Sep 15, 2026 | ROTE WILLIAM E. Chief Research Officer | Sale 10b5-1 plan | 29,021 | $1.82M |
| Sep 15, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Option exercise 10b5-1 plan | 39,283 | $1.06M |
| Sep 15, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Sale 10b5-1 plan | 1,431 | $93.5K |
| Sep 15, 2026 | Inrig Jula EVP, Head of R&D & CMO | Sale 10b5-1 plan | 17,284 | $1.08M |
| Sep 15, 2026 | REED ELIZABETH E Chief Legal Officer and GC | Option exercise 10b5-1 plan | 37,500 | $579.8K |
| Sep 15, 2026 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Option exercise 10b5-1 plan | 20,000 | $348.8K |
| Sep 15, 2026 | REED ELIZABETH E Chief Legal Officer and GC | Sale 10b5-1 plan | 21,926 | $1.36M |
| Sep 15, 2026 | REED ELIZABETH E Chief Legal Officer and GC | Sale 10b5-1 plan | 1,400 | $89.2K |
| Sep 15, 2026 | Calvin Sandra SVP, CHIEF ACCOUNTING OFFICER | Sale 10b5-1 plan | 300 | $19.1K |
| Sep 15, 2026 | Heerma Peter EVP, CHIEF COMMERCIAL OFFICER | Option exercise 10b5-1 plan | 1,381 | $30.9K |
| Sep 15, 2026 | Inrig Jula EVP, Head of R&D & CMO | Option exercise 10b5-1 plan | 32,395 | $289.3K |
| Sep 15, 2026 | ROTE WILLIAM E. Chief Research Officer | Option exercise 10b5-1 plan | 39,650 | $712.1K |
| Sep 15, 2026 | REED ELIZABETH E Chief Legal Officer and GC | Sale 10b5-1 plan | 13,874 | $869.0K |
| Sep 15, 2026 | ROTE WILLIAM E. Chief Research Officer | Option exercise 10b5-1 plan | 39,000 | $984.8K |
| Sep 15, 2026 | Cline Christopher R. CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 400 | $26.1K |
| Sep 15, 2026 | ROTE WILLIAM E. Chief Research Officer | Sale 10b5-1 plan | 3,000 | $191.0K |
| Sep 15, 2026 | ROTE WILLIAM E. Chief Research Officer | Sale 10b5-1 plan | 270 | $17.6K |
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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