ZEVRA THERAPEUTICS, INC. (ZVRA)
Zevra Therapeutics, Inc., founded in 2006 and based in Celebration, Florida, is a biopharmaceutical company dedicated to discovering and developing innovative treatments for rare diseases. The company employs its proprietary Ligand Activated Therapy (LAT) technology to create novel prodrug versions of existing FDA-approved medications or to enable new applications for other compounds, primarily addressing serious medical conditions within the United States. Zevra's development pipeline is strategically concentrated on high-unmet-need therapeutic areas, including attention deficit hyperactivity disorder (ADHD), stimulant use disorder, and various rare central nervous system (CNS) conditions, such as idiopathic hypersomnia (IH). Their lead product candidate, KP1077, which is a prodrug of d-methylphenidate (known as serdexmethylphenidate), is currently in Phase II clinical trials for the treatment of both IH and narcolepsy. Another key prodrug candidate, KP879, is also advancing through Phase II studies for stimulant use disorder. In addition to its pipeline, Zevra has successfully secured FDA approval for two products: AZSTARYS, a once-daily treatment for ADHD in patients aged six years and older, and APADAZ, an immediate-release combination product containing benzhydrocodone (a prodrug of hydrocodone) and acetaminophen. The company's product portfolio also includes arimoclomol, and it holds collaboration and licensing agreements with KVK-Tech, Inc. and Commave Therapeutics SA. Formerly known as KemPharm, Inc., the company officially rebranded to Zevra Therapeutics, Inc. in February 2023.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Zevra Therapeutics, Inc.
NASDAQ:ZVRAHealthcare · Biotechnology
-0.77%$10.28
AH$10.28+0.00%vs close
Mkt Cap$610.47M
Float57.6M
O/S59.38M
Vol
$ Vol
RVOL
Inst Own78.1%
SI10.8%
Earnings
Dilution
Financials Summary
Revenue$106.47M
Net Income$83.23M
Total Assets$284.73M
Free Cash Flow-$2.43M
Debt & Equity
Debt 29%
Equity 71%
Total Debt$63.21M
Total Equity$154.66M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ZVRA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$284.73M
Liabilities$130.07M
Accounts Receivable$23.26M
Accounts Payable$2.48M
Inventory$1.74M
PP&E (Net)$1.7M
Goodwill$4.7M
Intangible Assets$6.42M
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 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | 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 | 2013-12-31 | 2012-12-31 |
| Revenue | $106.47M | $23.61M | $27.46M | $10.16M | $28.65M | $13.29M | $12.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 350.9% | -14.0% | 170.3% | -64.5% | 115.6% | 3.5% | - | - | - | - | - | - | - | - |
| Cost of Revenue | $16.48M | $7.42M | $2.94M | $222K | $2.06M | $1.3M | $2.94M | $324K | $336K | $175K | $84K | $0 | $0 | $0 |
| Gross Profit | $89.99M | $16.2M | $24.52M | $9.94M | $26.59M | $11.98M | $9.89M | -$324K | -$336K | -$175K | -$84K | $0 | $0 | $0 |
| Gross Margin | 84.5% | 68.6% | 89.3% | 97.8% | 92.8% | 90.2% | 77.1% | - | - | - | - | - | - | - |
| Research and Development | $12.74M | $42.09M | $39.81M | $19.8M | $10.16M | $8.84M | $19.41M | $41.76M | $20.59M | $20.47M | $13.93M | $11.92M | $3.37M | $2.99M |
| Selling, General, and Administrative | $77.62M | $54.87M | $35.09M | $15.04M | $8.7M | $7.92M | $10.82M | $12.51M | $12.77M | $14M | $8.88M | $4.53M | $1.35M | $2.34M |
| Other | $3.86M | $6.24M | -$775K | $17.66M | $0 | $828K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $94.22M | $103.2M | $74.12M | $52.5M | $18.86M | $17.59M | $30.23M | $54.27M | $33.37M | $34.47M | $22.81M | $16.44M | $4.72M | $142K |
| Operating Income (EBIT) | -$4.23M | -$87M | -$49.6M | -$42.56M | $7.73M | -$5.61M | -$20.34M | -$55.9M | -$33.37M | -$37.48M | -$22.81M | -$16.44M | -$4.72M | -$5.34M |
| Operating Margin | -4.0% | -368.5% | -180.6% | -418.9% | 27.0% | -42.2% | -158.4% | - | - | - | - | - | - | - |
| Interest Expense | $7.98M | $7.35M | $1.5M | $335K | $376K | $7.09M | $6.51M | $7.09M | $7.34M | $7.13M | $2.67M | $2.72M | $157K | $0 |
| Interest Income | $6.95M | $2.17M | $4.54M | $1.51M | $261K | $89K | $309K | $420K | $365K | $353K | $32K | $4K | $52K | $35K |
| Other Income (Expense) | $90.91M | -$3.14M | $3.56M | $15.76M | -$16.25M | -$7.18M | -$4.21M | -$689K | -$10.06M | $20.95M | -$31.82M | -$8.03M | -$528K | $5.23M |
| Income Before Tax (EBT) | $86.68M | -$90.14M | -$46.05M | -$26.8M | -$8.52M | -$12.79M | -$24.54M | -$56.59M | -$43.43M | -$16.53M | -$54.64M | -$24.48M | -$5.25M | -$108K |
| Income Tax Expense | $3.45M | $15.37M | $0 | -$33K | $34K | -$34K | -$22K | -$126K | -$43K | -$15K | $26K | -$22K | -$20K | -$37K |
| Net Income | $83.23M | -$105.51M | -$46.05M | -$26.77M | -$8.55M | -$12.76M | -$24.52M | -$56.47M | -$43.39M | -$16.52M | -$54.66M | -$24.45M | -$5.23M | -$70K |
| Net Income Margin | 78.2% | -446.9% | -167.7% | -263.5% | -29.9% | -96.0% | -191.0% | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||
| EPS | 1.40 | -2.28 | -1.30 | -0.78 | -2.11 | -3.21 | -13.23 | -50.39 | -47.37 | -18.10 | -118.69 | -31.79 | -10.69 | -0.47 |
| Diluted EPS | 1.35 | -2.28 | -1.30 | -0.78 | -2.11 | -3.21 | -13.23 | -50.39 | -47.37 | -18.10 | -118.69 | -31.79 | -10.69 | -0.47 |
| Weighted Average OS | 55.31M | 46.25M | 35.45M | 34.49M | 29.77M | 3.98M | 1.85M | 1.12M | 915,806 | 912,315 | 460,542 | 769,239 | 488,959 | 148,700 |
| EBITDA | $98.71M | -$76.4M | -$43.54M | -$25.53M | -$7.89M | -$5.43M | -$17.73M | -$53.94M | -$33.03M | -$34.3M | -$22.73M | -$16.37M | -$4.65M | -$37K |
| EBITDA Margin | 92.7% | -323.6% | -158.6% | -251.2% | -27.5% | -40.9% | -138.1% | - | - | - | - | - | - | - |
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 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | 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 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $62.41M | $33.78M | $43.05M | $65.47M | $112.35M | $4.21M | $3.22M | $18.41M | $10.87M | $16.76M | $32.32M | $10.26M | $1.97M | $2.54M |
| Short-Term Investments | $128.6M | $35.71M | $24.69M | $17.38M | $0 | $0 | $0 | $3.26M | $31.36M | $51M | $19M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $191.01M | $69.5M | $67.74M | $82.85M | $112.35M | $4.21M | $3.22M | $21.67M | $42.23M | $67.77M | $51.32M | $10.26M | $1.97M | $2.54M |
| Accounts Receivable | $23.26M | $10.51M | $17.38M | $8.3M | $1.53M | $2.58M | $1.86M | $140K | $2.08M | $5.06M | $2.38M | $22K | $20K | $28K |
| Inventory | $1.74M | $1.97M | $24.08M | $0 | $0 | $0 | $0 | $0 | $0 | $1.1M | $0 | $0 | $0 | $0 |
| Other Current Assets | $7M | $3.02M | -$23.43M | $1.11M | $252K | $312K | $1.37M | $0 | $1.38M | $58K | $0 | -$23K | $51K | $34K |
| Total Current Assets | $223.01M | $86.03M | $86.94M | $92.83M | $115.06M | $8.38M | $6.97M | $23.72M | $45.9M | $74.36M | $54.08M | $10.28M | $2.04M | $2.61M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $1.7M | $1.01M | $1.53M | $1.78M | $2.02M | $2.39M | $3.01M | $1.75M | $2M | $1.97M | $403K | $352K | $380K | $319K |
| Goodwill | $4.7M | $4.7M | $4.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $6.42M | $68.99M | $69.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $47.88M | $6.01M | $0 | $20M | $15.42M | $0 | $0 | $0 | $3.25M | $8.2M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.02M | $11.38M | $9.94M | $724K | $438K | $438K | $527K | $1.27M | $1.31M | $360K | $1.24M | $3.08M | $9K | $0 |
| Total Long-Term Assets | $61.72M | $92.1M | $85.39M | $22.51M | $17.89M | $2.83M | $3.54M | $3.02M | $6.56M | $10.53M | $1.65M | $3.44M | $389K | $319K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K |
| Total Assets | $284.73M | $178.13M | $172.33M | $115.34M | $132.94M | $11.21M | $10.51M | $26.75M | $52.46M | $84.89M | $55.72M | $13.71M | $2.43M | $2.93M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $2.48M | $13.07M | $13.99M | $3.61M | $516K | $1.17M | $1.14M | $3.71M | $2.18M | $469K | $1.25M | $1.58M | $386K | $0 |
| Short-Term Debt | $0 | $0 | $37.7M | $4.66M | $0 | $390K | $0 | $3.33M | $3.33M | $0 | $3.41M | $807K | $3.85M | $47K |
| Current Income Tax Payable | $13.71M | $14.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.63M | $5.7M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $22.67M | $3.2M | $10.82M | $719K | $821K | $0 | $236K | -$4.51M | -$5.59M | $41K | $0 | -$438 | $0 | $1M |
| Total Current Liabilities | $39.28M | $34.06M | $73.72M | $12.02M | $4.23M | $7.54M | $5.43M | $12M | $11.51M | $6.64M | $8.34M | $3.93M | $5.24M | $1.13M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $61.93M | $59.5M | $5.07M | $12.8M | $0 | $68.05M | $77.34M | $78.11M | $89.4M | $91.17M | $19.66M | $18.09M | $35K | $39K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $28.01M | $44.52M | $31.22M | $14.55M | $355K | $427K | $288K | $2.81M | $8.5M | $5.11M | $37.84M | $15.97M | $21.36M | $0 |
| Total Long-Term Liabilities | $90.8M | $104.4M | $36.74M | $28.2M | $1.59M | $70.08M | $79.53M | $81.31M | $98.46M | $96.94M | $57.5M | $34.08M | $21.45M | $39K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.39M |
| Total Liabilities | $130.07M | $138.46M | $110.46M | $40.22M | $5.82M | $77.62M | $84.96M | $93.31M | $109.97M | $103.58M | $65.84M | $38.02M | $26.7M | $3.56M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37.29M | $18.95M | $18.55M |
| Common Stock | $6K | $5K | $4K | $3K | $4K | $0 | $0 | $3K | $1K | $1K | $1K | $0 | $1.44M | $1.3M |
| Retained Earnings | -$422.06M | -$505.29M | -$399.78M | -$353.73M | -$267.03M | -$258.47M | -$245.71M | -$221.19M | -$164.73M | -$121.34M | -$104.82M | -$50.16M | -$25.71M | -$20.48M |
| Comprehensive Income & Other | -$764K | $631K | -$43K | $113K | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | -$20.39M | $0 |
| Other Stockholders' Equity | $576.71M | $544.95M | $461.64M | $428.85M | $394.14M | $192.06M | $171.26M | $154.62M | $107.21M | $102.64M | $94.7M | $25.86M | $0 | $18.55M |
| Total Equity | $154.66M | $39.67M | $61.86M | $75.12M | $127.12M | -$66.41M | -$74.46M | -$66.57M | -$57.52M | -$18.7M | -$10.12M | -$24.3M | -$24.27M | -$627K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $284.73M | $178.13M | $172.33M | $115.34M | $132.94M | $11.21M | $10.51M | $26.75M | $52.46M | $84.89M | $55.72M | $13.71M | $2.43M | $2.93M |
| Supplementary Data | ||||||||||||||
| Total Debt | $63.21M | $60.3M | $43.77M | $18.78M | $1.61M | $70.55M | $79.53M | $82.05M | $93.48M | $91.98M | $23.1M | $18.95M | $3.97M | $87K |
| Net Debt | $800K | $26.51M | $716K | -$46.69M | -$110.74M | $66.33M | $76.31M | $63.64M | $82.61M | $75.22M | -$9.22M | $8.7M | $2M | -$2.45M |
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 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | 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 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $83.23M | -$105.51M | -$46.05M | -$26.77M | -$8.55M | -$12.76M | -$24.52M | -$56.47M | -$43.39M | -$16.52M | -$54.66M | -$24.45M | -$5.23M | -$70K |
| Depreciation & Amortization | $4.05M | $6.39M | $1.01M | $944K | $257K | $273K | $304K | $324K | $336K | $175K | $84K | $75K | $68K | $63K |
| Deferred Income Tax | $3.45M | $15.37M | $0 | $0 | $16.2M | $435K | -$2M | -$5.98M | $164K | $6.89M | $1.91M | -$789K | $1.56M | $0 |
| Stock-Based Compensation | $12.63M | $14.91M | $5.95M | $0 | $2.44M | $2.49M | $4.41M | $6.5M | $4.56M | $6.6M | $2.37M | $214K | $134K | $468K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$11.98M | $6.87M | -$9.08M | -$6.77M | $1.05M | -$714K | -$1.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$1.3M | -$8.87M | $206K | $147K | $0 | $0 | $5.51M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$15.59M | -$3.6M | $11.13M | $3.13M | -$1.11M | $931K | -$3.79M | -$1.64M | -$801K | $1.12M | $0 | $0 | $0 | $0 |
| Other Working Capital | $2.36M | -$1.04M | $3.63M | $3.09M | -$295K | $157K | -$5.12M | -$650K | -$849K | $3.32M | $87K | $523K | -$4K | $0 |
| Total Working Capital Change | -$26.51M | -$6.64M | $5.88M | -$406K | -$357K | $374K | -$5.12M | -$2.29M | -$1.65M | $3.32M | $87K | $1.46M | $122K | $0 |
| Other Non-Cash Items | -$78.45M | $5.82M | -$329K | $7.52M | $460K | $7.25M | $3.19M | $3.71M | $6.87M | -$30.24M | $29.95M | $8.82M | -$985K | -$4.89M |
| Net Cash from Operating | -$1.6M | -$69.67M | -$33.53M | -$18.72M | $10.44M | -$1.94M | -$23.74M | -$54.2M | -$33.1M | -$29.77M | -$20.27M | -$14.67M | -$4.33M | -$4.43M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$835K | $0 | -$296K | -$93K | -$102K | -$33K | -$26K | -$21K | -$181K | -$643K | -$135K | -$49K | -$51K | -$19K |
| Acquisitions | $0 | $0 | -$30.4M | -$14.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$309.99M | -$41.16M | -$45.81M | -$23.86M | -$15.42M | $0 | $0 | $0 | -$27.38M | -$89.85M | -$19M | $0 | $0 | $0 |
| Sales of Investments | $328.5M | $25M | $59.12M | $1.32M | $0 | $0 | $3.26M | $33.35M | $54.97M | $44.65M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $448K | -$6M | $0 | $0 | $0 | $0 | $0 | $33.35M | $27.59M | -$1.1M | -$19M | $5K | $17K | $5.07M |
| Net Cash from Investing | $18.13M | -$22.16M | -$17.39M | -$36.72M | -$15.52M | -$33K | $3.23M | $33.33M | $27.41M | -$46.95M | -$19.14M | -$44K | -$34K | $5.05M |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | -$16.29M | -$24.89M | -$12.78M | $38.1M | -$554K | $207K | $193K | $157K | -$62.17M | -$3.97M | -$24.97M | -$3.79M | $79K |
| Common Stock Issuance | $12.44M | $64.52M | $6.32M | $324K | $49.28M | -$84K | $0 | $28.33M | $4K | -$842K | $59.89M | $0 | $0 | $525K |
| Common Stock Repurchases | $0 | $0 | -$3.45M | -$4.72M | -$2.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$65K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$372K | $1.3M | $692K | -$33K | $104.73M | -$34K | -$300K | -$116K | -$46K | -$1.01M | -$2.44M | -$1.93M | $0 | $0 |
| Net Cash from Financing | $12.06M | $82.11M | $28.46M | $8.35M | $113.11M | $2.74M | $4.94M | $28.02M | -$203K | $61.16M | $61.47M | $23M | $3.79M | $381K |
| Forex Effect | $28K | $454K | $44K | $204K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.55M |
| Net Change in Cash | $28.62M | -$9.26M | -$22.42M | -$46.88M | $108.02M | $767K | -$15.56M | $7.15M | -$5.89M | -$15.56M | $22.06M | $8.29M | -$573K | $2.54M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$1.6M | -$69.67M | -$33.53M | -$18.72M | $10.44M | -$1.94M | -$23.74M | -$54.2M | -$33.1M | -$29.77M | -$20.27M | -$14.67M | -$4.33M | -$4.43M |
| Capital Expenditure | -$835K | $0 | -$296K | -$93K | -$102K | -$33K | -$26K | -$21K | -$181K | -$643K | -$135K | -$49K | -$51K | -$19K |
| Free Cash Flow | -$2.43M | -$69.67M | -$33.83M | -$18.81M | $10.34M | -$1.97M | -$23.76M | -$54.22M | -$33.28M | -$30.41M | -$20.4M | -$14.72M | -$4.38M | -$4.45M |
| Cash at Beginning | $33.78M | $43.05M | $65.47M | $112.35M | $4.32M | $3.56M | $19.12M | $11.97M | $17.86M | $32.32M | $10.26M | $1.97M | $2.54M | $0 |
| Cash at End | $62.41M | $33.78M | $43.05M | $65.47M | $112.35M | $4.32M | $3.56M | $19.12M | $11.97M | $16.76M | $32.32M | $10.26M | $1.97M | $2.54M |