Catalyst Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on developing and commercializing medicines for patients living with rare diseases in the United States. It offers Firdapse for the treatment of patients with lambert-eaton myasthenic syndrome (LEMS); Fycompa, a novel non-competitive selective antagonist at the postsynaptic ionotropic alpha-amino-3-hydroxy-5-methyl-4-isoxazolepropionic acid glutamate receptor that is used to treat focal onset seizures, as well as tonic-clonic seizure; and AGAMREE, a corticosteroid for the treatment of duchenne muscular dystrophy. The company has license agreements with BioMarin Pharmaceutical Inc.; and a collaboration and license agreement with Endo Ventures Limited for the development and commercialization of generic Sabril tablets. Catalyst Pharmaceuticals, Inc. was founded in 2002 and is based in Coral Gables, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $589M | $296M | $214M | $209M | 22.5% | 19.8% | 30.8% |
| 2024 | $492M | $233M | $164M | $239M | 22.5% | 23.5% | 129.5% |
| 2023 | $398M | $120M | $71M | $62M | 18.4% | 85.9% | -14.0% |
| 2022 | $214M | $103M | $83M | $116M | 27.7% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 214.20 | 398.20 | 491.73 | 588.99 |
| Cost Of Revenue | - | 34.39 | 51.97 | 68.84 | 87.25 |
| Gross Profit | - | 179.81 | 346.24 | 422.89 | 501.74 |
| Operating Expense | - | 77.97 | 259.42 | 227.76 | 243.96 |
| Operating Income | - | 101.84 | 86.81 | 195.12 | 257.78 |
| EBITDA | - | 103.08 | 119.69 | 232.90 | 295.65 |
| EBIT | - | 101.84 | 86.81 | 195.12 | 257.78 |
| Pretax Income | - | 104.72 | 94.51 | 216.26 | 283.52 |
| Tax Provision | - | 21.64 | 23.10 | 52.37 | 69.19 |
| Net Income | - | 83.08 | 71.41 | 163.89 | 214.33 |
| Net Income Common Stockholders | - | 83.08 | 71.41 | 163.89 | 214.33 |
| Total Expenses | - | 112.36 | 311.39 | 296.61 | 331.21 |
| Research And Development | - | 19.79 | 93.15 | 12.65 | 12.71 |
| Selling General And Administration | - | 57.08 | 133.71 | 177.74 | 193.75 |
| Normalized EBITDA | - | 103.08 | 119.69 | 227.82 | 294.68 |
| Normalized Income | - | 83.08 | 71.41 | 160.04 | 213.59 |
| Market Cap | 3,342.53 | 3,342.53 | 3,342.53 | 3,342.53 | 3,342.53 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Catalyst Pharmaceuticals, Inc.this co. | CPRX | $3.4B | 15.60β discount | 3.50 | 22.5% | 8.92 |
| Amneal Pharmaceuticals, Inc. | AMRX | $3.9B | 55.43 | -56.42 | -101.8% | 10.60 |
| TransMedics Group, Inc. | TMDX | $3.8B | 20.14 | 8.10 | 40.2% | 26.01 |
| ACADIA Pharmaceuticals Inc. | ACAD | $3.7B | 9.58 | 3.05 | 31.9% | 31.04 |
| ICU Medical, Inc. | ICUI |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $3.0B |
| 4261.68 |
| 1.47 |
| 0.0% |
| 13.89 |
| Integer Holdings Corporation | ITGR | $3.0B | 28.79 | 1.69 | 5.9% | 14.55 |
| Organon & Co. | OGN | $2.9B | 15.67 | 3.90 | 24.9% | 8.53 |
| Prestige Consumer Healthcare Inc. | PBH | $2.9B | 13.00 | 1.52 | 11.7% | 10.32 |
| Privia Health Group, Inc. | PRVA | $2.9B | 130.67 | 4.06 | 3.1% | 57.20 |
| Peer Median | - | 24.46 | 2.37 | 8.8% | 14.22 | |