NASDAQ : FBIO
Fortress Biotech, Inc. — Financial statements
Healthcare · Biotechnology · United States
Last price 2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 66.70M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fortress Biotech, Inc. (FBIO) reported revenue of 68.47M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 66.85M | 61.24M | 56.67M | 64.99M | 73.07M | 68.79M |
| Other Revenue | 1.61M | 2.02M | 1.00M | 19.52M | 2.67M | |
| Revenue | 68.47M | 63.26M | 57.67M | 84.51M | 75.74M | 68.79M |
| Cost of Revenue | 25.14M | 32.83M | 77.76M | 128.96M | 165.65M | 160.95M |
| Gross Profit | 43.32M | 30.44M | -20.09M | -44.45M | -89.91M | -92.16M |
| Selling, General & Admin | 68.67M | 96.40M | 87.73M | 87.84M | 113.66M | 86.84M |
| Amortization of Goodwill & Intangibles | 4.22M | 4.26M | 3.42M | 3.77M | ||
| Other Operating Expenses | -4.55M | |||||
| Operating Expenses | 72.90M | 100.66M | 86.60M | 91.61M | 113.66M | 86.84M |
| Operating Income | -29.57M | -70.22M | -106.69M | -136.06M | -203.56M | -179.00M |
| Interest Expense | -9.63M | -10.11M | -9.93M | -15.31M | -13.64M | -15.31M |
| Interest & Investment Income | 3.52M | 2.48M | 2.68M | 3.00M | 1.40M | 649.00K |
| Other Non Operating Income (Expenses) | 196.32M | 32.28M | 680.00K | 1.02M | 2.34M | -447.00K |
| EBT Excluding Unusual Items | 160.64M | -45.56M | -113.25M | -147.35M | -213.46M | -194.11M |
| Gain (Loss) on Sale of Investments | -15.10M | -15.10M | 39.29M | |||
| Gain (Loss) on Sale of Assets | 82.00K | 27.13M | ||||
| Asset Writedown | -3.69M | -6.29M | ||||
| Other Unusual Items | 400.00K | -3.60M | -9.54M | |||
| Pretax Income | 146.03M | -33.53M | -120.54M | -153.63M | -213.46M | -164.35M |
| Income Tax Expense | 4.83M | -620.00K | 312.00K | 521.00K | 449.00K | 473.00K |
| Earnings From Continuing Operations | 141.19M | -32.91M | -120.86M | -154.15M | -213.91M | -164.83M |
| Net Income to Company | 141.19M | -32.91M | -120.86M | -154.15M | -213.91M | -164.83M |
| Minority Interest in Earnings | -29.38M | 39.73M | 74.86M | 93.52M | 127.34M | 100.12M |
| Net Income | 111.82M | 6.82M | -46.00M | -60.64M | -86.58M | -64.70M |
| Preferred Dividends & Other Adjustments | 8.45M | 8.70M | 9.89M | 8.03M | 8.03M | |
| Net Income to Common | 103.37M | -1.88M | -55.89M | -68.67M | -94.61M | -64.70M |
| Shares Outstanding (Basic) | 30.40M | 27.90M | 20.78M | 8.11M | 5.92M | 5.45M |
| Shares Outstanding (Diluted) | 31.82M | 27.90M | 20.78M | 8.11M | 5.92M | 5.45M |
| EPS (Basic) | 3.40 | -0.07 | -2.69 | -8.47 | -15.97 | -11.88 |
| EPS (Diluted) | 3.25 | -0.07 | -2.69 | -8.47 | -15.97 | -11.88 |
| Free Cash Flow | 125.84M | -65.78M | -80.19M | -128.29M | -182.12M | -121.11M |
| Free Cash Flow Per Share | 3.96 | -2.36 | -3.86 | -15.82 | -30.74 | -22.23 |
| Gross Margin | 63.28% | 48.11% | -34.82% | -52.60% | -118.70% | -133.97% |
| Operating Margin | -43.20% | -111.00% | -184.98% | -160.99% | -268.76% | -260.21% |
| Profit Margin | 150.98% | -2.97% | -96.91% | -81.25% | -124.91% | -94.06% |
| Free Cash Flow Margin | 183.80% | -103.98% | -139.04% | -151.80% | -240.44% | -176.05% |
| EBITDA | -24.98M | -65.56M | -102.22M | -130.06M | -196.18M | -173.90M |
| EBITDA Margin | -36.48% | -103.63% | -177.24% | -153.89% | -259.00% | -252.79% |
| D&A For EBITDA | 4.60M | 4.66M | 4.46M | 6.00M | 7.39M | 5.10M |
| EBIT | -29.57M | -70.22M | -106.69M | -136.06M | -203.56M | -179.00M |
| EBIT Margin | -43.20% | -111.00% | -184.98% | -160.99% | -268.76% | -260.21% |
| Revenue as Reported | 68.47M | 63.26M | 57.67M | 84.51M | 75.74M | 68.79M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 196.58M | 79.38M | 57.26M | 80.93M | 178.27M | 305.74M |
| Cash & Short-Term Investments | 196.58M | 79.38M | 57.26M | 80.93M | 178.27M | 305.74M |
| Accounts Receivable | 36.25M | 29.78M | 10.23M | 15.22M | 28.21M | 23.11M |
| Other Receivables | 506.00K | 158.00K | 171.00K | 167.00K | 138.00K | 678.00K |
| Receivables | 36.75M | 29.94M | 10.40M | 15.39M | 28.35M | 23.79M |
| Inventory | 8.16M | 9.62M | 14.43M | 10.21M | 14.16M | 9.86M |
| Prepaid Expenses | 4.02M | 4.89M | 7.11M | 10.50M | 9.66M | 7.07M |
| Other Current Assets | 1.17M | |||||
| Total Current Assets | 245.51M | 123.84M | 90.37M | 117.02M | 230.43M | 346.46M |
| Property, Plant & Equipment | 13.77M | 14.82M | 17.12M | 23.50M | 33.01M | 34.07M |
| Long-Term Investments | 29.45M | 17.66M | 2.58M | |||
| Other Intangible Assets | 25.51M | 27.61M | 31.86M | 20.29M | 27.20M | 12.55M |
| Other Long-Term Assets | 2.48M | 1.62M | 2.28M | 6.72M | 3.66M | 3.42M |
| Total Assets | 316.71M | 185.55M | 144.22M | 167.53M | 294.30M | 396.50M |
| Accounts Payable | 11.86M | 14.24M | 31.64M | 34.81M | 57.24M | 47.43M |
| Accrued Expenses | 34.54M | 30.71M | 30.74M | 34.67M | 36.51M | 39.99M |
| Short-Term Debt | 3.93M | 5.00M | 812.00K | |||
| Current Portion of Long-Term Debt | 5.00M | 625.00K | 3.00M | 7.24M | 4.51M | |
| Current Portion of Leases | 2.25M | 2.13M | 2.62M | 2.52M | 2.45M | 2.10M |
| Current Income Taxes Payable | 5.18M | 356.00K | 932.00K | 843.00K | 722.00K | 345.00K |
| Current Unearned Revenue | 2.61M | |||||
| Other Current Liabilities | 3.20M | 2.31M | 4.84M | 5.13M | 18.55M | 3.24M |
| Total Current Liabilities | 62.02M | 49.74M | 71.40M | 84.91M | 127.72M | 101.04M |
| Long-Term Debt | 34.60M | 52.42M | 57.96M | 60.86M | 93.14M | 46.56M |
| Long-Term Leases | 11.47M | 12.67M | 14.75M | 18.28M | 21.57M | 20.99M |
| Other Long-Term Liabilities | 2.54M | 8.53M | 1.76M | 1.89M | 1.85M | 2.03M |
| Total Liabilities | 110.63M | 123.36M | 145.87M | 165.94M | 244.28M | 170.63M |
| Common Stock | 33.00K | 31.00K | 28.00K | 15.00K | 7.00K | 101.00K |
| Additional Paid-In Capital | 788.25M | 783.89M | 763.57M | 717.40M | 675.94M | 656.03M |
| Retained Earnings | -624.15M | -734.05M | -740.87M | -694.87M | -634.23M | -547.46M |
| Total Common Equity | 164.14M | 49.87M | 22.73M | 22.54M | 41.72M | 108.67M |
| Minority Interest | 41.95M | 12.31M | -24.38M | -20.96M | 8.30M | 117.20M |
| Shareholders' Equity | 206.09M | 62.18M | -1.64M | 1.59M | 50.02M | 225.88M |
| Total Liabilities & Equity | 316.71M | 185.55M | 144.22M | 167.53M | 294.30M | 396.50M |
| Total Debt | 53.32M | 67.22M | 75.96M | 88.59M | 129.40M | 74.98M |
| Net Cash (Debt) | 143.26M | 12.16M | -18.70M | -7.67M | 48.87M | 230.77M |
| Net Cash Per Share | 4.50 | 0.44 | -0.90 | -0.95 | 8.25 | 42.37 |
| Filing Date Shares Outstanding | 33.35M | 32.20M | 29.53M | 19.23M | 8.65M | 6.97M |
| Total Common Shares Outstanding | 33.31M | 31.36M | 27.91M | 15.09M | 7.37M | 6.76M |
| Working Capital | 183.49M | 74.10M | 18.97M | 32.11M | 102.72M | 245.42M |
| Book Value Per Share | 4.93 | 1.59 | 0.81 | 1.49 | 5.66 | 16.07 |
| Tangible Book Value | 138.63M | 22.27M | -9.13M | 2.25M | 14.52M | 96.12M |
| Tangible Book Value Per Share | 4.16 | 0.71 | -0.33 | 0.15 | 1.97 | 14.21 |
| Buildings | 581.00K | 581.00K | 581.00K | 581.00K | 581.00K | 581.00K |
| Machinery | 1.03M | 1.61M | 1.61M | 1.61M | 10.76M | 8.68M |
| Construction In Progress | 29.00K | 952.00K | 2.03M | |||
| Leasehold Improvements | 3.33M | 3.29M | 11.00M | 13.18M | 13.18M | 13.18M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 111.82M | 6.82M | -46.00M | -60.64M | -86.58M | -64.70M |
| Depreciation & Amortization | 4.60M | 4.66M | 4.46M | 6.00M | 7.39M | 6.79M |
| Other Amortization | 2.34M | 1.40M | 2.05M | 3.03M | 2.06M | 3.91M |
| Loss (Gain) From Sale of Assets | -82.00K | -27.13M | 29.00K | 2.66M | 255.00K | |
| Asset Writedown & Restructuring Costs | 3.94M | 7.47M | 642.00K | 15.62M | ||
| Loss (Gain) From Sale of Investments | -26.87M | -15.07M | -737.00K | 757.00K | -36.45M | |
| Stock-Based Compensation | 10.29M | 28.74M | 32.62M | 17.03M | 22.99M | 19.49M |
| Provision & Write-off of Bad Debts | 54.00K | -211.00K | 516.00K | 435.00K | 284.00K | 48.00K |
| Other Operating Activities | 36.96M | -39.89M | -68.95M | -92.45M | -125.73M | -97.62M |
| Change in Accounts Receivable | -20.66M | -19.34M | 4.47M | 12.55M | -5.38M | 768.00K |
| Change in Inventory | 4.70M | 4.81M | -4.22M | 3.95M | 1.74M | -8.46M |
| Change in Accounts Payable | 2.16M | -7.97M | -6.39M | -24.38M | 8.35M | 43.31M |
| Change in Unearned Revenue | -1.88M | 2.61M | ||||
| Change in Income Taxes | 4.20M | -576.00K | 89.00K | 121.00K | 377.00K | 345.00K |
| Change in Other Net Operating Assets | -3.58M | -2.02M | -2.08M | -4.76M | -3.92M | -2.20M |
| Operating Cash Flow | 125.92M | -65.78M | -80.19M | -128.22M | -179.40M | -116.54M |
| Capital Expenditures | -79.00K | -63.00K | -2.71M | -4.57M | ||
| Sale of Property, Plant & Equipment | 1.17M | 6.00M | 127.00K | |||
| Divestitures | 2.87M | 8.96M | 56.86M | |||
| Sale (Purchase) of Intangibles | -15.00M | -8.04M | -20.34M | -11.78M | ||
| Other Investing Activities | -5.00K | |||||
| Investing Cash Flow | 2.79M | 10.12M | -15.00M | -2.10M | -22.93M | 40.51M |
| Short-Term Debt Issued | 28.00M | 5.00M | 7.00M | |||
| Long-Term Debt Issued | 43.67M | 14.53M | 47.11M | |||
| Total Debt Issued | 43.67M | 42.53M | 52.11M | 7.00M | ||
| Short-Term Debt Repaid | -30.95M | -2.86M | -6.19M | |||
| Long-Term Debt Repaid | -700.00K | -1.25M | -51.38M | -5.00M | -15.75M | |
| Total Debt Repaid | -75.00K | -700.00K | -1.25M | -82.32M | -7.86M | -21.94M |
| Net Debt Issued (Repaid) | -75.00K | -700.00K | 42.42M | -39.79M | 44.25M | -14.94M |
| Issuance of Common Stock | 3.89M | 3.96M | 22.23M | 24.80M | 6.72M | 9.37M |
| Repurchase of Common Stock | -1.70M | |||||
| Preferred Dividends Paid | -4.02M | -8.03M | -8.03M | -8.03M | ||
| Dividends Paid | -4.02M | -8.03M | -8.03M | -8.03M | ||
| Other Financing Activities | 4.00M | 74.45M | 10.01M | 56.16M | 34.17M | 162.59M |
| Financing Cash Flow | -6.52M | 77.44M | 70.64M | 32.74M | 75.32M | 148.99M |
| Net Cash Flow | 122.19M | 21.79M | -24.55M | -97.59M | -127.01M | 72.97M |
| Free Cash Flow | 125.84M | -65.78M | -80.19M | -128.29M | -182.12M | -121.11M |
| Free Cash Flow Margin | 183.80% | -103.98% | -139.04% | -151.80% | -240.44% | -176.05% |
| Free Cash Flow Per Share | 3.96 | -2.36 | -3.86 | -15.82 | -30.74 | -22.23 |
| Levered Free Cash Flow | -17.14M | -47.29M | -53.06M | -98.15M | -118.40M | -67.29M |
| Unlevered Free Cash Flow | -13.46M | -42.37M | -48.91M | -91.61M | -111.94M | -61.64M |
| Cash Interest Paid | 6.42M | 7.39M | 7.16M | 7.95M | 9.42M | 6.92M |
| Cash Income Tax Paid | 147.00K | 49.00K | 120.00K | -55.00K | 858.00K | 993.00K |
| Change in Working Capital | -13.19M | -25.10M | -8.13M | -12.52M | -715.00K | 36.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 64.03M | 113.60M | 55.90M | 54.57M | 71.14M | 249.07M |
| Enterprise Value | -79.23M | 105.00M | 34.68M | 26.30M | 27.88M | 218.80M |
| Last Close Price | 1.92 | 3.66 | 2.02 | 3.01 | 9.82 | 37.50 |
| Forward PE | 2.48 | 0.60 | 0.60 | |||
| PS Ratio | 0.94 | 1.80 | 0.97 | 0.65 | 0.94 | 3.62 |
| PB Ratio | 0.39 | 1.83 | -34.00 | 34.39 | 1.42 | 1.10 |
| P/TBV Ratio | 0.46 | 5.10 | 24.21 | 4.90 | 2.59 | |
| EV/Sales Ratio | 1.66 | 0.60 | 0.31 | 0.37 | 3.18 | |
| Debt / Equity Ratio | 0.26 | 1.08 | -46.20 | 55.82 | 2.59 | 0.33 |
| Debt / FCF Ratio | 0.42 | |||||
| Net Debt / Equity Ratio | -0.69 | -0.20 | -11.37 | 4.83 | -0.98 | -1.02 |
| Net Debt / EBITDA Ratio | 5.74 | 0.19 | -0.18 | -0.06 | 0.25 | 1.33 |
| Net Debt / FCF Ratio | -1.14 | 0.18 | -0.23 | -0.06 | 0.27 | 1.91 |
| Asset Turnover | 0.29 | 0.38 | 0.37 | 0.37 | 0.22 | 0.19 |
| Inventory Turnover | 2.39 | 2.73 | 6.31 | 10.59 | 13.79 | 28.57 |
| Quick Ratio | 3.76 | 2.20 | 0.95 | 1.13 | 1.62 | 3.26 |
| Current Ratio | 3.96 | 2.49 | 1.27 | 1.38 | 1.80 | 3.43 |
| Return on Equity (ROE) | 115.98% | -108.74% | -597.36% | -155.06% | -77.95% | |
| Return on Assets (ROA) | -7.76% | -26.62% | -42.78% | -36.83% | -36.84% | -30.65% |
| Return on Capital Employed (ROCE) | -11.60% | -51.70% | -146.50% | -164.70% | -122.20% | -60.60% |
| Earnings Yield | 169.24% | 6.00% | -82.28% | -111.11% | -121.69% | -25.98% |
| FCF Yield | 196.52% | -57.90% | -143.45% | -235.07% | -255.99% | -48.62% |
| Buyback Yield / Dilution | -25.98% | -34.24% | -156.25% | -36.89% | -8.78% | -13.46% |