NASDAQ$SCPH

scPharmaceuticals Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

scPharmaceuticals posted strong FUROSCIX revenue growth in Q1 2025, driven by increased demand and product expansion into chronic kidney disease.

In Q1 2025, scPharmaceuticals achieved $11.8 million in FUROSCIX revenue, a 93% increase from the same period last year. The company filled 13,900 doses and added over 4,200 unique prescribers. While operating expenses grew due to R&D and commercialization, the company maintained a cash balance of $57.5 million.

  • Generated $11.8 million in FUROSCIX revenue, up 93% YoY.
  • Filled approximately 13,900 doses in Q1 2025, a 73% increase YoY.
  • Gross-to-net discount was 23%, up from 19% in Q4 2024.
  • Reported a net loss of $19.7 million with $57.5 million in cash reserves.

Headline financials

Total Revenue

$11.8M

Previous: $6.1M+92.6%
EPS (adj)

-$0.37

Previous: -$0.36-2.8%
FUROSCIX Doses Filled

13.9K

Previous: 8.0K+73.8%
Gross-to-Net Discount

23.0%

No prior period
Unique FUROSCIX Prescribers

4.2K

No prior period
Shares Outstanding

50.3M

No prior period
Net Income

-$19.7M

Previous: -$14.1M-39.9%
Operating Income

-$17.8M

Previous: -$15.9M-12.0%
Gross Profit

$8.28M

Previous: $4.27M+94.1%

Revenue & EPS history

scPharmaceuticals · Revenue · Quarterly

$11.8M

Q1 2025+92.6%vs Q1 2024
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

scPharmaceuticals · $3.8M total across 1 segment · Q3 2023

  • FUROSCIX
    $3.8M

Forward guidance

scPharmaceuticals expects continued momentum in FUROSCIX growth driven by expanded indication and seasonal patient cost benefits, with additional catalysts like the Autoinjector submission in Q3 2025.

Tailwinds

  • Launched FUROSCIX in second indication (CKD) in April 2025
  • Autoinjector program (SCP-111) on track for sNDA submission in Q3 2025
  • Increased Medicare patient participation expected to boost Q2 demand
  • Growing acceptance among nephrologists for new indication
  • Strong fill rate and prescription growth entering Q2 2025

Headwinds

  • Higher SG&A and R&D costs increasing operating expenses
  • Net loss widened to $19.7M from $14.1M YoY
  • Cash balance declined from $75.7M to $57.5M QoQ
  • Increased gross-to-net discount may pressure margins
  • Stockholders’ equity turned negative at end of Q1 2025

Historical earnings impact

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

Avg. return before/after earnings

Based on 7 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+3.8%

Avg return

Earnings day

+5.8%

Avg return

5 days after

+7.1%

Avg return

30 days after

52%

16 / 31 earnings

Positive

+52.7%

Q4 2019

Best reaction

-14.5%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025-7.4%-4.6%+11.6%
Q1 2025+27.4%+45.1%+74.8%
Q4 2024-1.0%-1.3%-15.5%
Q3 2024-14.5%-14.8%-18.6%
Q2 2024+2.6%+3.7%+11.8%
Q1 2024+5.1%+10.6%-6.9%
Q4 2023-1.1%+2.2%-7.8%
Q3 2023-8.4%
Q2 2023+0.0%
Q1 2023-0.6%
Q4 2022+25.0%
Q3 2022+7.3%
Q2 2022+8.6%
Q1 2022+7.7%
Q4 2021+7.0%
Q3 2021-10.1%
Q2 2021+4.9%
Q1 2021-5.3%
Q4 2020-6.6%
Q3 2020+2.0%
Q2 2020+0.0%
Q1 2020-4.0%
Q4 2019+52.7%
Q3 2019-5.4%
Q2 2019+10.1%
Q1 2019+0.6%
Q4 2018-4.8%
Q3 2018+1.2%
Q2 2018+2.9%
Q1 2018+29.2%
Q4 2017-6.7%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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