Pacira BioSciences, Inc. (PCRX) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

Pacira BioSciences, Inc. (PCRX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Pacira BioSciences, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Innovative non-opioid pain therapies including EXPAREL, ZILRETTA, and iovera° for postsurgical and osteoarthritis pain management
  • New strategic plan "5x30" launched in Jan 2025 targeting 3M+ patients, double-digit revenue CAGR, 5% gross margin improvement, 5 clinical programs, 5 partnerships by 2030
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Management Discussion & Analysis

  • Revenue $726.4M, up 4% YoY from $701.0M; EXPAREL $575.1M (+5%), ZILRETTA $116.6M (-1%), iovera° $24.2M (+6%)
  • Gross margin 79% in 2025 vs 76% in 2024; cost of goods sold declined 12% to $149.7M
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Risk Factors

  • Ongoing patent litigation against WhiteOak and Qilu threatens exclusive rights to EXPAREL and ZILRETTA, risking loss of patent protection and regulatory exclusivity
  • Significant revenue concentration with EXPAREL at 79% and ZILRETTA at 16% of total 2025 revenue, exposing the company to commercial risks in these products
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Pacira BioSciences, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$726M

+3.6% YoY

Net Income

$7M

+107.1% YoY

Operating Margin

2.6%

+1311bp YoY

Net Margin

1.0%

+1517bp YoY

ROE

1.0%

+1381bp YoY

Total Assets

$1.3B

-18.6% YoY

EPS (Diluted)

$0.16

+107.4% YoY

Operating Cash Flow

$152M

-19.7% YoY

Source: XBRL data from Pacira BioSciences, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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