Sarepta Therapeutics, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery and development of RNA-targeted therapeutics, siRNA platform, gene therapy, and other genetic therapeutic modalities for the treatment of rare diseases. It offers EXONDYS 51 for the treatment of Duchenne in patients who have a confirmed mutation of the dystrophin gene that is amenable to exon 51 skipping; VYONDYS 53 for the treatment of Duchenne in patients who have a confirmed mutation of the dystrophin gene that is amenable to exon 53 skipping; AMONDYS 45 for the treatment of Duchenne in patients who have a confirmed mutation of the dystrophin gene that is amenable to exon 45 skipping; and ELEVIDYS, an AAV-based gene therapy, which is contraindicated in patients with any deletion in exon 8 and/or exon 9 in the Duchenne gene. The company also develops SRP-9003, a gene therapy program for the treatment of LGMD2E; SRP-1001 to selectively target and knockdown DUX4 using RNAi in Phase 1/2a clinical trials; and SRP-1003 for reduction of expression of the DMPK gene in Phase 1/2a clinical trials. It has collaboration and license agreements with F. Hoffman-La Roche Ltd; Arrowhead Pharmaceuticals, Inc.; University of Western Australia; Nationwide Children's Hospital; Hansa Biopharma; and Duke University. The company was incorporated in 1980 and is headquartered in Cambridge, Massachusetts.
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 | $2.2B | $-620M | $-713M | $-315M | -62.5% | 15.6% | -403.3% |
| 2024 | $1.9B | $317M | $235M | $-353M | 15.4% | 53.0% | -143.9% |
| 2023 | $1.2B | $-454M | $-536M | $-588M | -62.4% | 33.3% | -23.8% |
| 2022 | $933M | $-595M | $-703M | $-358M | -182.7% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 933.01 | 1,243.34 | 1,901.98 | 2,198.24 |
| Cost Of Revenue | - | 139.99 | 150.34 | 319.10 | 839.60 |
| Gross Profit | - | 793.02 | 1,092.99 | 1,582.88 | 1,358.63 |
| Operating Expense | - | 1,329.22 | 1,360.82 | 1,364.80 | 2,016.40 |
| Operating Income | - | -536.20 | -267.82 | 218.08 | -657.77 |
| EBITDA | - | -594.85 | -453.69 | 316.89 | -619.56 |
| EBIT | - | -636.72 | -498.09 | 279.17 | -664.08 |
| Pretax Income | - | -689.96 | -520.10 | 260.77 | -702.22 |
| Tax Provision | - | 13.52 | 15.88 | 25.54 | 11.18 |
| Net Income | - | -703.49 | -535.98 | 235.24 | -713.41 |
| Net Income Common Stockholders | - | -703.49 | -535.98 | 235.24 | -713.41 |
| Total Expenses | - | 1,469.21 | 1,511.16 | 1,683.90 | 2,856.01 |
| Interest Expense | - | 53.25 | 22.01 | 18.39 | 38.14 |
| Interest Income | - | 27.72 | 85.97 | 71.77 | 36.69 |
| Research And Development | - | 877.09 | 877.39 | 804.52 | 1,522.07 |
| Selling General And Administration | - | 451.42 | 481.87 | 557.87 | 491.72 |
| Normalized EBITDA | - | -473.54 | -36.37 | 327.51 | -578.50 |
| Normalized Income | - | -607.65 | -206.29 | 244.82 | -680.97 |
| Market Cap | 2,131.29 | 2,131.29 | 2,131.29 | 2,131.29 | 2,131.29 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sarepta Therapeutics, Inc.this co. | SRPT | - | -2.99 | 1.87 | -62.5% | -3.82 |
| 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 |
| Veracyte, Inc. | VCYT | $2.7B | 41.28 | 2.09 | 5.1% | 26.96 |
| National HealthCare Corporation | NHC | $2.7B | 22.47 | 2.52 | 11.2% | 12.59 |
| LeMaitre Vascular, Inc. | LMAT | $2.6B | 44.90 | 6.59 | 14.7% | 30.28 |
| Phibro Animal Health Corporation | PAHC | $2.2B | 46.33 | 7.83 | 16.9% | 19.95 |
| Peer Median | - | 35.04 | 3.21 | 11.5% | 17.25 | |