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Eton Pharmaceuticals, Inc. Q1 FY26 Results

ETONQ1 FY26 Results
Filing
MetricValue ($ M)Q1 FY25
Revenue24.2740.5%
Total Income24.2740.5%
Expenditure21.8523.1%
PBT1.57204.7%
Net Profit1.55198.7%
OPM9.95%12.67pp
NPM6.40%15.50pp
EPS0.06200.0%
View full financials

Eton Pharmaceuticals Reports Q1 2026 Product Sales of $24.3 Million

15 May 2026 · 15 May, 1:52 am

Summary

Eton Pharmaceuticals reported a strong start to 2026, with Q1 product sales reaching $24.3 million, a 73% increase compared to the prior year period. This growth was driven by contributions from across the portfolio, including INCRELEX, ALKINDI SPRINKLE, GALZIN, and Carglumic Acid, as well as the addition of sales from KHINDIVI. The company launched DESMODA in March and relaunched HEMANGEOL in May. Based on this performance, Eton is raising its full year 2026 revenue guidance to over $120 million, up from the previous guidance of $110 million.

Key Highlights

  1. 1

    Eton Pharmaceuticals reported Q1 2026 product sales of $24.3 million, representing 73% growth over Q1 2025.

  2. 2

    The company is raising full year revenue guidance and now expects 2026 revenue to exceed $120 million, up from previous guidance of $110 million.

  3. 3

    Q1 2026 fully diluted GAAP EPS was $0.05, while non-GAAP fully diluted EPS reached $0.14, and Adjusted EBITDA was $5.7 million.

  4. 4

    Eton Pharmaceuticals received FDA approval for and launched DESMODA™.

  5. 5

    The company acquired and relaunched HEMANGEOL®.

  6. 6

    Eton Pharmaceuticals announced the initiation of the ET-700 clinical study, the Company’s extended-release formulation of zinc acetate.

  7. 7

    The company received FDA clearance to proceed on the INCRELEX® label harmonization study.

Management Comments

S

Sean Brynjelsen

“With record Q1 products sales and two major product launches already underway this year, Eton is off to a terrific start in 2026. Based on this strong year-to-date performance, we are raising our full year 2026 revenue guidance. We now expect more than $120 million of revenue, up from our prior guidance of $110 million.” “First quarter product sales grew 73% year over year, with strong growth contributions from across the portfolio, including INCRELEX, ALKINDI SPRINKLE®, GALZIN® and Carglumic Acid. In March, we launched DESMODA, the first and only FDA-approved oral desmopressin solution. Our commercial team has seen high levels of interest from the healthcare provider and patient advocacy communities, and we are encouraged by the initial uptake of the product. In addition, on May 1, we relaunched HEMANGEOL, ensuring optimized access and rare-disease centric support to an important, time-sensitive therapy. While we are early in its commercialization, transitioning patients and providers appears to be progressing well, and we’re excited that parents now have access to an FDA-approved treatment backed by our world-class Eton Cares support program. Both new product launches are expected to contribute significantly to revenue growth in 2026, 2027, and beyond.” “We have also made tremendous progress with the R&D programs in our pipeline. We initiated a clinical study for the KHINDIVITM label expansion, saw the start of the ET-700 pilot study, and received FDA clearance to proceed with our INCRELEX label harmonization study, which we intend to initiate later this year. These critical programs should fuel long-term growth, and propel us towards our goal of building the largest rare disease portfolio in the United States”

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