10-Q quarterly report · filed Oct 28, 2025

Alkermes plc. (ALKS) Q3 2025 10-Q Quarterly Report

Short answer

Alkermes plc. (ALKS) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $394M (up 4.2% year over year) with net income of $83M.

Q3 2025 key financials · XBRL

Revenue
$394M
+4.2% YoY · +0.9% QoQ
Net income
$83M
−10.4% YoY · −5.0% QoQ
Operating margin
22.6%
EPS (diluted)
$0.49
−10.9% YoY · −5.8% QoQ

Source: XBRL data from the Alkermes plc. (ALKS) Q3 2025 10-Q on SEC EDGAR. USD.

Alkermes plc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue increased $16.0M QoQ, driven by higher product sales, partially offset by lower manufacturing and royalty revenue
  • Net income from continuing operations $82.8M vs $92.8M YoY Q3, net income decline of $10.0M
  • Total expenses rose $31.7M QoQ due to higher R&D and SG&A, partially offset by lower cost of goods sold
  • Nine months net income $192.3M vs $226.4M YoY, a decrease of $34.1M due to $36.3M decline in manufacturing and royalty revenues
  • Total expenses up $25.8M for nine months, tax provision down $8.7M

Risk Factors

  • New acquisition risk from Avadel deal pending H1 2026, subject to shareholder, court, and US antitrust approvals
  • Most material update: Added $1.2B Bridge Credit Facility for Avadel acquisition, with leverage covenants and default risks
  • Regulatory uncertainty from potential US supplemental tariffs on pharmaceutical imports impacting cost and market volatility
  • Operational risk from integration challenges with Avadel including employee retention and cultural differences likely affecting near-term results
  • Financial risk: Potential increased borrowing costs if permanent financing for acquisition unavailable, plus restrictive credit covenants on assets and operations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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