NYSE$PLX

Protalix Biotherapeutics Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Protalix Biotherapeutics reported net income of $3.8 million for the second quarter of 2026.

The company achieved total revenues of $19.9 million in Q2 2026, up from $15.7 million in the prior year period, driven primarily by higher product sales to Chiesi. Operating income reached $4.7 million and net income was $3.8 million, reflecting improved gross margins and a one-time R&D grant benefit.

  • Total revenue increased 27% year-over-year to $19.9 million, led by $14.0 million in sales to Chiesi.
  • Net income rose to $3.8 million from $0.2 million in Q2 2025.
  • Received $25 million milestone payment from Chiesi in Q1 related to Elfabrio E4W approval.
  • Cash and short-term deposits totaled $40.7 million at quarter end, providing ample runway.

Headline financials

Total Revenue

$15.7M

Previous: $13.5M+16.2%
EPS (adj)

$0.05

Previous: -$0.03+266.7%
Cost of revenue

$7.76M

Previous: $9.46M-17.9%
R&D expenses, net

$4.35M

Previous: $2.96M+46.9%
SG&A expenses

$3.11M

Previous: $3.48M-10.7%
Financial income, net

$188K

Previous: $155K+21.3%
Short-term bank deposits

$13.2M

No prior period
Accounts receivable

$16.5M

No prior period
Inventories

$32.3M

No prior period
Total current assets

$92.2M

No prior period
Capital Expenditures

-$737K

Previous: -$770K+4.3%
Free Cash Flow

-$573K

Previous: -$2.97M+80.7%
Net Income

$164K

Previous: -$2.2M+107.4%
Operating Income

$1.17M

Previous: -$2.43M+148.3%
Gross Profit

$9.79M

Previous: $4.02M+143.6%
Cash & Equivalents

$27.4M

Previous: $23.4M+17.2%
Total Assets

$110M

Previous: $91.5M+20.5%

Revenue & EPS history

Protalix · Revenue · Quarterly

$15.7M

Q2 2025+16.2%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Protalix · $3.18M total across 1 segment · Q2 2021

  • License & R&D
    $3.18M

Forward guidance

Management expects continued revenue growth from Elfabrio and Elelyso commercialization while advancing the PRX-115 program.

Tailwinds

  • Strong Chiesi sales momentum following E4W approval
  • Patent term extension for Elfabrio to 2035

Headwinds

  • Potential impact from new U.S. pharmaceutical tariffs
  • Ongoing geopolitical risks in Israel

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-1.3%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-5.6%

Avg return

30 days after

44%

28 / 64 earnings

Positive

+15.7%

Q2 2023

Best reaction

-36.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+2.1%+0.0%+9.5%
Q4 2025+1.8%-23.7%-16.8%
Q3 2025-10.9%-12.1%-16.4%
Q1 2025+0.0%+2.4%-10.8%
Q4 2024+9.4%+11.2%+16.1%
Q3 2024+12.9%+31.5%+45.2%
Q2 2024-8.7%-7.7%+1.0%
Q1 2024-8.8%-9.6%-10.4%
Q4 2023-12.5%-14.5%-22.4%
Q3 2023-18.9%-27.6%-14.1%
Q2 2023+15.7%+15.7%+13.9%
Q1 2023+3.8%-7.3%-29.8%
Q4 2022+6.6%+12.6%+11.0%
Q3 2022+0.9%+1.9%+10.5%
Q2 2022-0.4%-2.4%-11.4%
Q1 2022+0.9%+7.5%+1.9%
Q4 2021+0.0%+40.0%+10.5%
Q3 2021-3.5%-14.0%-21.9%
Q2 2021+2.2%+0.0%-0.7%
Q1 2021+0.7%-1.0%-24.4%
Q4 2020-5.1%-4.5%-24.7%
Q3 2020-7.9%-9.3%+2.0%
Q2 2020+2.2%+3.3%-6.1%
Q1 2020+2.7%+7.5%+12.3%
Q4 2019-3.0%-5.1%+3.8%
Q3 2019-5.2%-8.7%+34.8%
Q2 2019-36.4%-29.7%-40.5%
Q1 2019-2.7%-6.8%-15.9%
Q4 2018+1.8%-6.1%-12.2%
Q3 2018-5.2%-14.3%-12.2%
Q2 2018-2.0%+0.0%-6.0%
Q1 2018+2.2%+12.5%+15.0%
Q4 2017-1.4%+1.5%-33.8%
Q3 2017-6.6%-1.4%-15.1%
Q2 2017-4.6%-12.3%-4.6%
Q1 2017-6.0%-13.0%-5.4%
Q4 2016-4.7%-14.1%-18.0%
Q3 2016+12.1%+34.1%-26.8%
Q2 2016-1.5%-1.6%-4.7%
Q1 2016-0.6%
Q4 2015+4.7%
Q3 2015-3.8%
Q2 2015+3.8%
Q1 2015+1.4%
Q4 2014-5.4%
Q3 2014-1.5%
Q2 2014-1.3%
Q1 2014-0.5%
Q4 2013-2.5%
Q3 2013+0.2%
Q2 2013+4.3%
Q1 2013-1.1%
Q4 2012+4.0%
Q3 2012+1.3%
Q2 2012+1.4%
Q1 2012+2.8%
Q4 2011-1.5%
Q3 2011+1.3%
Q2 2011-9.7%
Q1 2011-0.8%
Q4 2010-1.3%
Q3 2010-4.4%
Q2 2010+0.1%
Q1 2010+6.2%

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