Zevra Therapeutics (ZVRA) Q3 2026 Earnings
Includes $5.1 million in noncash income from fair value adjustments related to warrant and CVR liability (vs. $(5.5) million noncash expense in Q3 2025)
How Did ZVRA Stock React to Q3 2026 Earnings?
Did ZVRA Beat Earnings? Q3 2026 Results
Yes. Zevra Therapeutics reported Q3 2026 earnings of $0.26 a share on Nov 3, 2026, beating the $0.18 consensus estimate by 47.1%. Revenue was $37.8M against a $37.4M estimate.
Zevra Therapeutics posted a strong third quarter of fiscal 2026, beating Wall Street on both the top and bottom lines and extending its consensus EPS beat streak to four consecutive quarters. The Niemann-Pick disease company reported GAAP earnings per share of $0.26, clearing the $0.18 consensus estimate by 47.14%; that figure includes $5.10 million in noncash income from fair value adjustments to warrant and contingent value rights liabilities, compared with $5.50 million of noncash expense in the year-ago period. Revenue of $37.76 million edged past the $37.41 million consensus by 0.91% and climbed 44.9% year over year, powered primarily by $34.00 million in net revenue from MIPLYFFA, its approved NPC therapy. The commercial momentum reflects steady prescription growth in the U.S., where total enrollment forms since launch have reached 197, while real-world data presented at a recent scientific symposium continued to demonstrate durable disease stabilization. Looking ahead, Zevra plans to file a supplemental NDA for MIPLYFFA in infants under 24 months in Q1 2027 and is awaiting the outcome of its EU marketing authorisation re-examination, with a $270.90 million cash position backing those efforts.
- MIPLYFFA net revenue of $34.0 million
- 13 new MIPLYFFA prescription enrollment forms in Q3, 197 total since launch
- $3.6 million in net EAP reimbursements; 134 patients enrolled in global EAP
- $5.1 million noncash fair value gain on warrant and CVR liability
- No interest expense following elimination of long-term debt
- R&D up to $4.9 million on arimoclomol and celiprolol investment
- SG&A up to $19.1 million on commercial and infrastructure costs
“In the third quarter, we made continued progress across our business, building on MIPLYFFA's commercial performance in the U.S. and advancing our pipeline in support of our mission to redefine what's possible in bringing life-changing therapies to people living with rare disease.”
Zevra Therapeutics CEO, on the earnings call
What Is Zevra Therapeutics's Outlook?
Zevra expects to file an sNDA for MIPLYFFA in infants under 24 months in Q1 2027. It is awaiting the outcome of its requested EU MAA re-examination for arimoclomol and is discussing a potential celiprolol submission strategy with the FDA following a Type C meeting. Based on its current operating forecast, the company believes its available financial resources are sufficient to execute its strategic priorities.
ZVRA YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $37.8M | $26.1M | +44.9% |
| Operating Income | $11.6M | $4.1M | +179.5% |
| Net Income | $19.2M | $514,838 | +3,630.9% |
ZVRA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.