10-Q quarterly report · filed May 4, 2026

Travere Therapeutics, Inc. (TVTX) Q1 2026 10-Q Quarterly Report

Short answer

Travere Therapeutics, Inc. (TVTX) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $127M (up 55.6% year over year) with net income of −$37M.

Q1 2026 key financials · XBRL

Revenue
$127M
+55.6% YoY
Net income
−$37M
+10.0% YoY
Operating margin
-29.0%
EPS (diluted)
−$0.40
+14.9% YoY

Source: XBRL data from the Travere Therapeutics, Inc. (TVTX) Q1 2026 10-Q on SEC EDGAR. USD.

Travere Therapeutics, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $127.2M, up $45.5M YoY from $81.7M
  • FILSPARI sales $105.2M, up $49.3M YoY; best-performing product line
  • Tiopronin sales $19.3M, down $0.6M YoY; weakest product performance
  • R&D expense $57.1M, up $10.2M, driven by HARMONY enrollment restart
  • FSGS launch investments and HARMONY manufacturing restart cited as near-term spending drivers

Risk Factors

  • Newly added FSGS commercialization risk triggered by FDA traditional approval in April 2026 and expanded FILSPARI launch requirements
  • Most materially updated partner risk following Renalys’s fourth-quarter 2025 acquisition by Chugai, potentially reducing sparsentan commercialization resources
  • Regulatory pricing risk from May 2025 most-favored-nation executive order targeting international reference pricing for prescription drugs
  • Competitive risk from generic Thiola and Thiola EC entrants, including multiple FDA-approved options for 100mg and 300mg formulations
  • Supply-chain risk from sole-source third-party manufacturers and tariffs affecting materials sourced from certain countries

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

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