10-Q quarterly report · filed Nov 5, 2025

ZEVRA THERAPEUTICS, INC. (ZVRA) Q3 2025 10-Q Quarterly Report

Short answer

ZEVRA THERAPEUTICS, INC. (ZVRA) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $26M (up 605.4% year over year) with net income of −$544,000.

Q3 2025 key financials · XBRL

Revenue
$26M
+605.4% YoY · +0.7% QoQ
Net income
−$544,000
+98.4% YoY · −100.7% QoQ
Operating margin
15.9%
EPS (diluted)
$0.00
+100.0% YoY · −100.0% QoQ

Source: XBRL data from the ZEVRA THERAPEUTICS, INC. (ZVRA) Q3 2025 10-Q on SEC EDGAR. USD.

ZEVRA THERAPEUTICS, INC. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • OLPRUVA impairment charge $58.7 million for nine months ended September 30, 2025
  • MIPLYFFA enrollment 137 patients as of September 30, 2025
  • PRV sale generated net proceeds of $148.3 million on April 1, 2025
  • European MIPLYFFA MAA submitted July 2025; EMA decision pending

Risk Factors

  • New tariffs and retaliatory trade measures, triggered by recent U.S. actions, could increase commercialization and development costs
  • $58.7 million intangible-asset impairment charge recognized for the quarter ended June 30, 2025
  • July 2025 One Big Beautiful Bill Act Medicaid funding cuts could reduce coverage and sales of MIPLYFFA® and OLPRUVA®
  • $100,000 H-1B payment requirement announced September 19, 2025 could raise recruitment costs for international personnel
  • Medicaid, 340B, VA/FSS and Tricare reporting errors could trigger refunds, civil penalties, sanctions or False Claims Act exposure

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

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