Journey Medical Corp (DERM)
Journey Medical Corporation, a pharmaceutical firm established in Scottsdale, Arizona in 2014 (and previously known as Coronado Dermatology, Inc.), is dedicated to the development and market introduction of treatments for skin conditions across the United States. Their product line encompasses key dermatological therapies such as Qbrexza, a medicated cloth wipe for managing primary axillary hyperhidrosis; Accutane, an oral isotretinoin drug for severe, persistent acne; Targadox, an oral doxycycline medication used as an additional treatment for severe acne; Ximino, an oral minocycline drug addressing moderate to severe acne; and Exelderm, offered as a topical cream and solution. Furthermore, the company distributes doxycycline hyclate tablets, minocycline hydrochloride capsules, and sulconazole nitrate cream and solution.
Sector: Pharmaceutical Preparations
Industry: Drug Manufacturers - Specialty & Generic
Journey Medical Corporation
NASDAQ:DERMHealthcare · Drug Manufacturers - Specialty & Generic
-1.00%$4.97
AH Close$4.96-0.12%vs close
AH Close$4.96-0.12%vs close
Mkt Cap$140.28M
Float12.04M
O/S28.22M
Inst Own36.2%
SI25.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$61.86M
Net Income-$11.43M
Total Assets$94.59M
Free Cash Flow-$12.44M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$25.4M
Total Equity$31.85M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in DERM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$94.59M
Liabilities$62.74M
Accounts Receivable$29.78M
Accounts Payable$9.31M
Inventory$9.62M
PP&E (Net)$111K
Goodwill$0
Intangible Assets$27.61M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $61.86M | $56.13M | $79.18M | $73.67M | $63.13M | $44.53M | $34.92M | $42.34M | $4.54M | $22.59M | $7.3M | $7.3M |
| YoY Growth | 10.2% | -29.1% | 7.5% | 16.7% | 41.8% | 27.5% | -17.5% | 832.4% | -79.9% | 209.4% | 0.0% | - |
| Cost of Revenue | $25.18M | $20.88M | $26.66M | $30.77M | $32.08M | $14.59M | $10.53M | $1.18M | $0 | $0 | $0 | $0 |
| Gross Profit | $36.68M | $35.26M | $52.52M | $42.89M | $31.05M | $29.94M | $24.39M | $41.16M | $4.54M | $22.59M | $7.3M | $7.3M |
| Gross Margin | 59.3% | 62.8% | 66.3% | 58.2% | 49.2% | 67.2% | 69.8% | 97.2% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $480K | $9.86M | $7.54M | $10.94M | $16.56M | $0 | $0 | $80.55M | $104.41M | $83.17M | $66.83M | $30.71M |
| Selling, General, and Administrative | $44.37M | $40.2M | $43.91M | $59.47M | $39.83M | $0 | $19.13M | $172.58M | $71.9M | $30.04M | $17.72M | $8.29M |
| Other | $0 | -$1.13M | $3.14M | $0 | $9.54M | $22.09M | $0 | $2.02M | $128.56M | $0 | $2.52M | $0 |
| Total Operating Expenses | $44.85M | $48.93M | $54.59M | $70.41M | $65.93M | $22.09M | $19.13M | $255.15M | $304.87M | $113.21M | $87.07M | $39M |
| Operating Income (EBIT) | -$8.17M | -$13.68M | -$2.07M | -$27.52M | -$34.88M | $7.85M | $5.26M | -$213.98M | -$300.33M | -$90.62M | -$79.77M | -$31.7M |
| Operating Margin | -13.2% | -24.4% | -2.6% | -37.4% | -55.2% | 17.6% | 15.1% | -505.4% | -6613.7% | -401.3% | -1092.7% | -434.2% |
| Interest Expense | $3.7M | $2.7M | $1.7M | $2.02M | $7.03M | $698K | $255K | $15.64M | $8.14M | $1.54M | $147K | $153K |
| Interest Income | $589K | $757K | $322K | $60K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$3.2M | -$934K | -$1.56M | -$2.05M | -$7.48M | -$698K | -$255K | -$7.75M | -$2.94M | $1.54M | $749K | -$146K |
| Income Before Tax (EBT) | -$11.37M | -$14.61M | -$3.63M | -$29.57M | -$42.36M | $7.15M | $5M | -$221.73M | -$303.26M | -$89.08M | -$79.02M | -$31.84M |
| Income Tax Expense | $60K | $61K | $221K | $63K | $1.63M | $1.87M | $1.38M | -$194K | $0 | $0 | -$622K | $31K |
| Net Income | -$11.43M | -$14.67M | -$3.85M | -$29.63M | -$43.99M | $5.28M | $3.63M | -$221.54M | -$303.26M | -$89.08M | -$78.4M | -$31.88M |
| Net Income Margin | -18.5% | -26.1% | -4.9% | -40.2% | -69.7% | 11.9% | 10.4% | -523.3% | -6678.3% | -394.4% | -1074.0% | -436.6% |
| Supplementary Data | ||||||||||||
| EPS | -0.47 | -0.72 | -0.21 | -1.69 | -2.54 | 0.32 | 0.22 | -5.27 | -7.48 | -2.70 | -2.93 | -1.29 |
| Diluted EPS | -0.47 | -0.72 | -0.21 | -1.69 | -2.54 | 0.32 | 0.22 | -5.27 | -7.48 | -2.70 | -2.93 | -1.29 |
| Weighted Average OS | 24.50M | 20.43M | 18.23M | 17.53M | 17.32M | 16.66M | 16.66M | 42.00M | 40.56M | 33.04M | 26.73M | 24.66M |
| EBITDA | -$3.33M | -$8.4M | $1.92M | -$23.18M | -$32.77M | $9.37M | $6.52M | -$205.54M | -$294.78M | -$87.42M | -$78.8M | -$31.64M |
| EBITDA Margin | -5.4% | -15.0% | 2.4% | -31.5% | -51.9% | 21.0% | 18.7% | -485.5% | -6491.6% | -387.1% | -1079.5% | -433.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $24.09M | $20.3M | $27.44M | $32M | $49.08M | $8.25M | $4.8M | $104.98M | $295.92M | $41.79M | $107.24M | $55.36M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $208.06M | $255.07M | $210.15M | $107.45M | $41.79M |
| Cash and Short-Term Investments | $24.09M | $20.3M | $27.44M | $32M | $49.08M | $8.25M | $4.8M | $313.04M | $550.99M | $251.94M | $214.69M | $97.15M |
| Accounts Receivable | $29.78M | $10.23M | $15.22M | $28.21M | $23.11M | $23.93M | $18.95M | $5.72M | $52K | $21.4M | $0 | $7.3M |
| Inventory | $9.62M | $14.43M | $10.21M | $14.16M | $9.86M | $1.4M | $857K | $8.37M | $0 | $0 | $0 | $0 |
| Other Current Assets | $3.38M | $3.21M | $3.59M | $3.31M | $0 | $0 | $0 | $8.28M | $5.57M | $10.65M | $2.54M | $1.01M |
| Total Current Assets | $66.87M | $48.18M | $56.45M | $77.68M | $84.49M | $35.24M | $25.27M | $335.41M | $556.61M | $283.99M | $217.23M | $105.46M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $111K | $199K | $101K | $189K | $89K | $175K | $89K | $1.18M | $1.43M | $1.13M | $386K | $192K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $771K | $771K | $771K | $771K | $771K |
| Intangible Assets | $27.61M | $31.86M | $20.29M | $27.2M | $12.55M | $15.03M | $7.38M | $952K | $1.13M | $1.13M | $1.13M | $3.52M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.96M | $0 | $24.55M | $1.02M | $66.48M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $1.45M | $1.12M | $0 | $194K | $194K | $194K | $816K |
| Other Long-Term Assets | $0 | $0 | $6K | $95K | $150K | $6K | $6K | $3.05M | $656K | $841K | $1.2M | $976K |
| Total Long-Term Assets | $27.72M | $32.06M | $20.39M | $27.48M | $12.79M | $16.66M | $8.59M | $8.91M | $4.18M | $28.61M | $4.7M | $72.76M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $94.59M | $80.24M | $76.85M | $105.16M | $97.28M | $51.91M | $33.86M | $344.32M | $560.79M | $312.6M | $221.93M | $178.22M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $9.31M | $16.05M | $16.08M | $36.98M | $22.81M | $1.96M | $2.11M | $15.95M | $15.09M | $13.5M | $9.23M | $5.56M |
| Short-Term Debt | $0 | $625K | $3M | $2.95M | $5.32M | $4.52M | $0 | $0 | $4.63M | $3.02M | $1.07M | $0 |
| Current Income Tax Payable | $70K | $60K | $53K | $35K | $8K | $0 | $0 | $3.19M | $4.63M | $3.02M | $1.07M | $635K |
| Current Unearned Revenue | $0 | $0 | $53K | $0 | $0 | $0 | $0 | $0 | $4.99M | $4.26M | $10M | $10M |
| Other Current Liabilities | $9.57M | $14.45M | $4.08M | $14.1M | $20.08M | $2.58M | $7.09M | $22.61M | $80.65M | $14.21M | $5.59M | -$3.67M |
| Total Current Liabilities | $37.44M | $35.17M | $41.87M | $66.83M | $51.61M | $28.06M | $20.9M | $38.56M | $105.36M | $34.99M | $25.9M | $11.89M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $25.28M | $24.88M | $14.62M | $19.83M | $3.63M | $5.22M | $5.22M | $313.79M | $279.39M | $0 | $0 | $1.94M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | -$99K | $0 | $0 | $25.29M | $29.55M | $10M | $10M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $8K | $99K | $0 | $0 | $194K | $194K | $194K | $816K |
| Other Long-Term Liabilities | $0 | $0 | $0 | $1.41M | $0 | $8.24M | $4.99M | $1.01M | $918K | $495K | $367K | $0 |
| Total Long-Term Liabilities | $25.3M | $25M | $14.63M | $21.35M | $3.63M | $13.55M | $10.21M | $314.8M | $305.79M | $30.24M | $10.56M | $12.75M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $62.74M | $60.17M | $56.5M | $88.18M | $55.24M | $41.61M | $31.11M | $353.36M | $411.14M | $65.23M | $36.46M | $24.64M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $178.22M |
| Common Stock | $2K | $2K | $2K | $2K | $2K | $1K | $1K | $42K | $42K | $36K | $30K | $25K |
| Retained Earnings | -$98.46M | -$87.03M | -$72.36M | -$68.5M | -$38.87M | $5.12M | -$163K | -$745.04M | -$553.39M | -$250.13M | -$161.05M | -$82.65M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.02M | -$511K | -$198K | -$75K | -$16K |
| Other Stockholders' Equity | $130.31M | $107.09M | $92.7M | $85.48M | $80.92M | $5.17M | $2.91M | $735.96M | $703M | $497.47M | $346.49M | $236.2M |
| Total Equity | $31.85M | $20.07M | $20.35M | $16.98M | $42.04M | $10.29M | $2.75M | -$9.04M | $149.65M | $247.37M | $185.47M | $153.58M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $94.59M | $80.24M | $76.85M | $105.16M | $97.28M | $51.91M | $33.86M | $344.32M | $560.79M | $312.6M | $221.93M | $178.22M |
| Supplementary Data | ||||||||||||
| Total Debt | $25.4M | $25.7M | $17.73M | $22.96M | $9.05M | $9.92M | $5.3M | $313.79M | $279.39M | $0 | $0 | $1.94M |
| Net Debt | $1.31M | $5.4M | -$9.71M | -$9.04M | -$40.03M | $1.68M | $502K | $208.81M | -$16.53M | -$41.79M | -$107.24M | -$53.42M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | -$11.43M | -$14.67M | -$3.85M | -$29.63M | -$43.99M | $5.28M | $3.63M | -$221.54M | -$303.26M | -$89.08M | -$78.4M | -$31.88M |
| Depreciation & Amortization | $4.35M | $3.52M | $3.85M | $4.37M | $2.56M | $1.52M | $1.26M | $555K | $339K | $123K | $72K | $47K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $1.57M | -$335K | $69K | -$194K | $0 | -$622K | $31K | $31K |
| Stock-Based Compensation | $6.29M | $6.1M | $2.61M | $4.42M | $2.47M | $153K | $240K | $29.84M | $20.7M | $0 | $5.13M | $1.64M |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$19.34M | $4.47M | $12.55M | -$5.38M | $768K | -$5.02M | -$10.49M | -$5.67M | $21.35M | -$21.4M | $7.3M | -$7.3M |
| Inventory | $4.81M | -$4.22M | $3.95M | $1.74M | -$8.46M | -$547K | -$179K | -$8.37M | -$271.89M | -$174.2M | -$104.48M | -$91.02M |
| Accounts Payable | -$7.2M | -$2.1M | -$18.42M | $14.34M | $20.39M | -$152K | $1.15M | $823K | $1.54M | $4.27M | $3.61M | $3.21M |
| Other Working Capital | $9.83M | -$1.92M | $262K | -$4.52M | $2.01M | $3.49M | $12.99M | -$141.18M | $451.26M | $249M | $191.34M | $93.57M |
| Total Working Capital Change | -$11.9M | -$3.77M | -$1.66M | $6.19M | $14.71M | -$2.23M | $3.46M | -$154.4M | $202.26M | $57.66M | $97.76M | -$1.54M |
| Other Non-Cash Items | $255K | -$302K | $4.29M | $1.12M | $20.51M | $747K | $355K | $132.64M | -$24M | -$42.19M | -$73.04M | $292K |
| Net Cash from Operating | -$12.44M | -$9.13M | $5.24M | -$13.53M | -$2.18M | $5.13M | $9.02M | -$213.1M | -$103.96M | -$74.11M | -$48.44M | -$31.4M |
| Investing Activities | ||||||||||||
| Capital Expenditures | $0 | -$15M | -$5M | -$20M | -$10M | -$1.2M | -$2.4M | -$616K | -$278K | -$753K | -$202K | -$156K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $130.29M | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$319.94M | -$302.43M | -$252.18M | -$60.28M | -$109.32M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $363.33M | $278.58M | $122.64M | $57.88M | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$56M | -$80.3M | -$130.29M | $0 | $0 |
| Net Cash from Investing | $0 | -$15M | -$5M | -$20M | -$10M | -$1.2M | -$2.4M | -$13.23M | -$104.43M | -$130.29M | -$2.6M | -$109.48M |
| Financing Activities | ||||||||||||
| Debt Repaid | -$15.73M | -$16.63M | $1.51M | -$14.76M | -$4.24M | $500K | $3.55M | - | - | - | - | - |
| Common Stock Issuance | $567K | $416K | $4.62M | $142K | $32.54M | $0 | $0 | $2.15M | $181.54M | $138.95M | $105.05M | $116.26M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.15M | $184.28M | $138.95M | $105.05M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$75K | -$50K | -$4.96M | -$585K | -$3.55M | $13K | $0 | $35.38M | $462.52M | $138.95M | $102.93M | -$3.49M |
| Net Cash from Financing | $16.23M | $16.99M | -$4.8M | $16.46M | $53.02M | -$487K | -$3.55M | $35.38M | $462.52M | $138.95M | $102.93M | $174.1M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22.14M |
| Net Change in Cash | $3.79M | -$7.13M | -$4.56M | -$17.08M | $40.84M | $3.44M | $3.07M | -$190.94M | $254.13M | -$65.45M | $51.88M | $11.07M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | -$12.44M | -$9.13M | $5.24M | -$13.53M | -$2.18M | $5.13M | $9.02M | -$213.1M | -$103.96M | -$74.11M | -$48.44M | -$31.4M |
| Capital Expenditure | $0 | -$15M | -$5M | -$20M | -$10M | -$1.2M | -$2.4M | -$616K | -$278K | -$753K | -$202K | -$156K |
| Free Cash Flow | -$12.44M | -$24.13M | $240K | -$33.53M | -$12.18M | $3.93M | $6.62M | -$213.71M | -$104.24M | -$74.86M | -$48.64M | -$31.56M |
| Cash at Beginning | $20.3M | $27.44M | $32M | $49.08M | $8.25M | $4.8M | $1.73M | $295.92M | $41.79M | $107.24M | $55.36M | $22.14M |
| Cash at End | $24.09M | $20.3M | $27.44M | $32M | $49.08M | $8.25M | $4.8M | $104.98M | $295.92M | $41.79M | $107.24M | $33.21M |