Lantheus

LNTH Q3 2025 Earnings

Reported Nov 6, 2025 at 7:39 AM ET · SEC Source

Q3 25 EPS

$1.27

BEAT +0.24%

Est. $1.27

Q3 25 Revenue

$384.0M

BEAT +5.37%

Est. $364.5M

vs S&P Since Q3 25

+83.9%

BEATING MARKET

LNTH +93.2% vs S&P +9.3%

Market Reaction

Did LNTH Beat Earnings? Q3 2025 Results

Lantheus posted a solid beat on both the top and bottom lines in Q3 2025, delivering revenue of $384.01 million against a consensus estimate of $364.46 million, a 5.37% positive surprise, while adjusted diluted EPS of $1.27 edged past the $1.27 conse… Read more Lantheus posted a solid beat on both the top and bottom lines in Q3 2025, delivering revenue of $384.01 million against a consensus estimate of $364.46 million, a 5.37% positive surprise, while adjusted diluted EPS of $1.27 edged past the $1.27 consensus by 0.24%, though revenue grew just 1.4% year over year as the company navigated a complex integration period. The primary story beneath the headline numbers was the weight of the Life Molecular Imaging acquisition, which closed in July and effectively doubled both R&D and G&A expenses, compressing adjusted operating margin to 31.1% from 43.6% a year ago. Flagship PSMA agent PYLARIFY slid 7.4% to $240.62 million, a headwind compounded by ongoing securities fraud litigation alleging the company misled investors about Pylarify's competitive dynamics earlier in 2025. Looking ahead, Lantheus narrowed its full-year revenue guidance to $1.49 billion to $1.51 billion and adjusted EPS to $5.50 to $5.65, with three PDUFA dates on the horizon that could meaningfully reshape its product portfolio through 2026.

Key Takeaways

  • PYLARIFY remains largest revenue contributor but declined 7.4% YoY
  • DEFINITY grew 6.3% driven by continued market penetration
  • Life Molecular Imaging acquisition contributed Neuraceq revenue of $20.4 million with no prior-year comparable
  • Total precision diagnostics grew 25.0% driven by Neuraceq addition and DEFINITY growth
  • Significant increase in acquisition, integration and divestiture-related costs of $35.0 million in Q3 2025
  • R&D spending nearly doubled to $48.0 million reflecting Life Molecular Imaging integration
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LNTH YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

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LNTH Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Lantheus' third quarter results underscore the strength of our strategy and the dedication of our team as we continue to advance our leadership in radiopharmaceuticals.”

— Brian Markison, Q3 2025 Earnings Press Release