NASDAQ$ESPR

Esperion Therapeutics Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Esperion reported Q4 2025 total revenue of $168.4M and net income of $61.8M.

Q4 total revenue grew 144% to $168.4 million, including a $90 million Otsuka milestone. U.S. net product revenue rose 38% to $43.7 million. Q4 net income was $61.8 million ($0.22 diluted EPS); full-year net loss was $22.7 million.

  • U.S. NEXLETOL/NEXLIZET net product sales +38% YoY in Q4.
  • Collaboration revenue driven by Japan approval and partner royalties.
  • ANDA settlements extend generic protection for key filers to 2040.
  • Agreement to acquire Corstasis (Enbumyst) expands cardiovascular franchise.

Headline financials

Total Revenue

$168M

Previous: $332M-49.3%
EPS (adj)

$0.22

Previous: -$0.11+300.0%
Total Revenue YoY Growth

144.0%

No prior period
U.S. Net Product Revenue YoY

38.0%

No prior period
Collaboration Revenue YoY

232.0%

No prior period
R&D Expenses

$13.9M

Previous: $11M+26.9%
SG&A Expenses

$41.4M

Previous: $36.9M+12.2%
Total Operating Expenses

$83.2M

Previous: $73.5M+13.2%
Interest Expense

$22.6M

Previous: $16.4M+37.8%
Other Income, Net

$1.08M

Previous: $1.21M-10.9%
Basic Shares Outstanding

236.7M

No prior period
Diluted Shares Outstanding

284.6M

No prior period
Net Income

$61.8M

Previous: -$21.3M+389.9%
Operating Income

$85.2M

Previous: -$4.42M+2028.3%

Revenue & EPS history

Esperion · Revenue · Quarterly

$168M

Q4 2025-49.3%vs Q4 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Esperion · $34M total across 2 segments · Q3 2023

  • U.S. Net Product Revenue
    $20.3M+44.6%
  • Collaboration Revenue
    $13.7M+173.5%

Forward guidance

FY2026 operating expenses $225M–$255M including ~$15M stock-based comp.

Tailwinds

  • U.S. product revenue growth and payer coverage >90%.
  • Japan launch and global partnerships.

Headwinds

  • Corstasis acquisition integration.
  • ANDA litigation and SG&A legal costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-2.0%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.9%

Avg return

30 days after

43%

19 / 44 earnings

Positive

+23.0%

Q3 2018

Best reaction

-47.6%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-0.6%-0.3%
Q4 2025-11.5%-19.7%-28.3%
Q3 2025-15.0%+5.4%+26.9%
Q1 2025-7.7%-23.8%+10.5%
Q4 2024+12.0%+7.0%-18.4%
Q3 2024+3.2%+10.0%+57.5%
Q2 2024-10.9%-3.0%-13.9%
Q1 2024-3.8%+3.3%+16.5%
Q4 2023-2.3%-3.0%+1.9%
Q3 2023+3.7%-5.2%+64.6%
Q2 2023+14.0%+3.8%+1.9%
Q1 2023+8.1%+14.1%+0.0%
Q4 2022-3.9%+4.7%-73.6%
Q3 2022-1.1%+5.3%-14.6%
Q2 2022+5.9%+11.9%+41.1%
Q1 2022+11.3%-3.8%-1.9%
Q4 2021+5.5%+9.1%+32.8%
Q3 2021+5.3%+2.3%-11.3%
Q2 2021-6.6%-5.2%-12.7%
Q1 2021-25.1%-16.5%-20.7%
Q4 2020-0.2%-4.2%-1.9%
Q3 2020-19.3%-15.7%-0.8%
Q2 2020-11.9%-13.7%-0.1%
Q1 2020+8.8%+19.1%+11.9%
Q4 2019-11.5%-5.4%-38.1%
Q3 2019-8.0%-5.2%+22.4%
Q2 2019-2.0%-2.3%-9.6%
Q1 2019+5.0%+0.3%+2.5%
Q4 2018+1.2%+0.7%-14.1%
Q3 2018+23.0%+29.4%+17.0%
Q2 2018+3.2%+4.2%+10.6%
Q1 2018-47.6%-41.8%-46.1%
Q4 2017+1.2%+5.3%-6.1%
Q3 2017-1.9%+0.0%+12.7%
Q2 2017+11.9%+9.2%+10.4%
Q3 2016-2.5%-3.9%+8.8%
Q2 2016-1.0%-2.2%-4.2%
Q1 2016-7.8%
Q4 2015-3.4%
Q3 2015-3.3%
Q2 2015-2.6%
Q1 2015+2.6%
Q4 2014+1.6%
Q3 2013-3.3%
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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