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Travere Therapeutics (TVTX) investor relations material
Travere Therapeutics Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FILSPARI achieved first full FDA approval for FSGS in April 2026 and previously for IgAN in September 2024, expanding its addressable U.S. patient population to over 100,000 and driving record demand and sales growth.
FILSPARI remains the most prescribed FDA-approved therapy for IgAN and the only approved therapy for FSGS, with 993 new patient start forms in Q1 2026 and strong payer coverage.
Pegtibatinase Phase 3 HARMONY Study for HCU restarted in April 2026, with topline data expected in the second half of 2027.
Received $57.5 million in milestone payments from CSL Vifor, $10.2 million from Chugai, and $25 million from Mirum Pharmaceuticals.
Strategic partnerships with CSL Vifor and Chugai provide global access and up to $910 million in potential milestone payments.
Financial highlights
Q1 2026 total revenue was $127.2 million, up from $81.7 million in Q1 2025, driven by FILSPARI's U.S. net product sales of $105.2 million, an 88% year-over-year increase.
THIOLA and Tiopronin products contributed $19.3 million in U.S. net product sales.
Non-GAAP adjusted net income was $4.1 million ($0.05/share), versus a net loss of $16.9 million in Q1 2025; GAAP net loss narrowed to $37.1 million ($0.40/share) from $41.2 million.
Cash, cash equivalents, and marketable securities totaled $264.7 million as of March 31, 2026, with $316 million in convertible notes due 2029.
Gross margin for Q1 2026 was approximately 80% on $124.5 million in sales.
Outlook and guidance
FILSPARI is expected to see continued strong demand in IgAN and rapid uptake in FSGS, supported by evolving KDIGO guidelines and only ~10% market penetration in IgAN.
Topline results from the HARMONY Study of pegtibatinase are anticipated in the second half of 2027.
Management expects available cash and investments to fund operations beyond the next 12 months.
Anticipates milestone and royalty payments from CSL Vifor and Chugai for global FILSPARI access.
- FILSPARI drives rare kidney disease leadership, with pipeline and global growth fueling future value.TVTX
Corporate presentation4 May 2026 - FILSPARI is FDA-approved for FSGS without nephrotic syndrome, showing strong efficacy and safety.TVTX
Study update21 Apr 2026 - FILSPARI's record sales and pipeline progress drive robust growth and future potential.TVTX
Q4 202513 Apr 2026 - Proxy covers director elections, equity plan, executive pay, auditor, and governance best practices.TVTX
Proxy filing6 Apr 2026 - Annual meeting to vote on directors, equity plan expansion, executive pay, and auditor ratification.TVTX
Proxy filing6 Apr 2026 - FILSPARI drives growth in rare kidney diseases, with FSGS approval and HCU trial restart on track.TVTX
Guggenheim Securities Emerging Outlook: Biotech Summit 202611 Feb 2026 - FILSPARI's strong launch and anticipated label expansion drive growth in rare kidney disease.TVTX
H.C. Wainwright 3rd Annual Kidney Virtual Conference3 Feb 2026 - FILSPARI's record Q2 sales and regulatory progress position it for accelerated global growth.TVTX
Q2 20242 Feb 2026 - FILSPARI is set for broader use as guidelines evolve and full FDA approval nears.TVTX
Canaccord Genuity 44th Annual Growth Conference & Private Company Showcase 20242 Feb 2026
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