SUPN SUPERNUS PHARMACEUTICALS, INC.

FY2025 10-K
Filed: Mar 2, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

SUPERNUS PHARMACEUTICALS, INC. (SUPN) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: pharmaceutical development and commercialization of prescription drugs
  • New emphasis on compliance with 2025 Executive Orders targeting drug price transparency, expanded Medicare negotiations, and site-neutral payment policies
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Management Discussion & Analysis

  • Total revenues $718.95M, up 9% YoY from $661.82M driven by Qelbree $304.65M (+26%) and new launch ONAPGO $17.25M
  • Operating loss driven by SG&A $485.56M (51% increase YoY) and intangible amortization $89.46M (+15%); net loss ($38.55M) vs net income $73.87M in 2024
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Risk Factors

  • Legal risk from potential claims or fines related to 2021 ransomware attack, fines or costs not yet estimable
  • Operational risk from increased ongoing IT security investments initiated post-2021 ransomware incident
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Financial Summary
XBRL

Revenue

$719M

Net Income

-$39M

Operating Margin

-8.7%

Net Margin

-5.4%

ROE

-3.6%

Total Assets

$1.5B

EPS (Diluted)

$-0.68

Operating Cash Flow

$47M

Source: XBRL data from SUPERNUS PHARMACEUTICALS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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