10-Q quarterly report · filed Nov 12, 2025

Journey Medical Corp (DERM) Q3 2025 10-Q Quarterly Report

Short answer

Journey Medical Corp (DERM) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $17M (up 16.4% year over year) with net income of −$2M.

Q3 2025 key financials · XBRL

Revenue
$17M
+16.4% YoY · +13.4% QoQ
Net income
−$2M
+3.1% YoY · +39.0% QoQ
Operating margin
-9.0%
EPS (diluted)
−$0.09
+18.2% YoY · +43.8% QoQ

Source: XBRL data from the Journey Medical Corp (DERM) Q3 2025 10-Q on SEC EDGAR. USD.

Journey Medical Corp Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $17.6M, up 21% YoY from $14.6M, including $4.9M Emrosi revenue
  • Q3 operating loss $1.5M vs $2.9M YoY; net loss $2.3M vs $2.4M
  • Best performer Emrosi $4.9M; weakest Foam franchise $1.3M, down 38% YoY
  • Cash $24.9M vs $20.3M at December 31, 2024; nine-month operating cash use $6.2M
  • Emrosi launch drove growth; Accutane faced competition, with $5.7M nine-month revenue decline

Risk Factors

  • Newly added tariff risk triggered by recent U.S. trade-policy changes, with significant finished-product imports from India
  • Most materially updated healthcare risk: May 12, 2025 most-favored-nation pricing order targeting Medicare and Medicaid reimbursement
  • Regulatory risk: FDA staffing cuts in early 2025 potentially delaying approvals, submissions, and post-marketing requirements
  • Operational risk: retaliatory tariffs and trade barriers potentially increasing sourcing costs and reducing product margins
  • Financial risk: prolonged government shutdown potentially restricting public-market access and necessary capital

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

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