PTC THERAPEUTICS, INC.

PTCT 10-Q · Q1 2026

PTCT Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 272,551 1,176,096 -76.8%
Show Product Lines breakouts
All other products 10,974 10,824 +1.4%
All other products · Non Us 10,974 10,824 +1.4%
Collaboration and license revenue 143 986,231 -100.0%
Collaboration and license revenue · Novartis 0.1 989.8 -100.0%
Emflaza 21,478 47,789 -55.1%
Emflaza · US 21,478 47,789 -55.1%
Product 225,573 153,426 +47.0%
Product · Non Us 89,057 105,637 -15.7%
Product · US 136,516 47,789 +185.7%
Royalty 46,835 36,439 +28.5%
Royalty · Collaborative Arrangement 46.8 36.4 +28.6%
Sephience 124,551
Sephience · Non Us 12,511
Sephience · US 112,040
Translarna 58,976 86,154 -31.5%
Translarna · Non Us 58,976 86,154 -31.5%
Upstaza/Kebilidi 9,594 8,659 +10.8%
Upstaza/Kebilidi · Non Us 6,596 8,659 -23.8%
Upstaza/Kebilidi · US 2,998
Show Business Segments breakouts
Life Science · Operating Segments 272,551 1,176,096 -76.8%
Show Geography breakouts
All other countries 44,596 57,618 -22.6%
BR 41,212 9,505 +333.6%
RU 3,249 38,514 -91.6%
US 136,516 47,789 +185.7%
Cost Of Goods And Service Excluding Amortization Of Intangible Assets 28,028 12,862 +117.9%
Amortization Of Intangible Assets 11,581 3,798 +204.9%
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Life Science · Operating Segments 11,581 3,798 +204.9%
Show Fair Value By Asset Class breakouts
Finite Lived Intangible Assets 11,581 3.8 +304663.2%
Finite Lived Intangible Assets · Kebilidi 486
Finite Lived Intangible Assets · Sephience 5,085
Finite Lived Intangible Assets · Tegsedi 1,134
Finite Lived Intangible Assets · Upstaza 3,975
Finite Lived Intangible Assets · Waylivra 901
Research & Development 100,873 108,973 -7.4%
Selling, General & Administrative 86,183 80,961 +6.5%
Gain Loss On Disposition And Impairment Of Tangible Assets 927 77 +1103.9%
Operating Expenses 227,592 205,871 +10.6%
Operating Income 44,959 970,225 -95.4%
Interest Income Expense Nonoperating Net -49,030 -34,092 -43.8%
Other Non-Operating Income (Expense) 1,609 -6,305 +125.5%
Income Before Taxes -2,462 929,828 -100.3%
Income Tax Expense (Benefit) -347 -63,266 +99.5%
Show Business Segments breakouts
Life Science · Operating Segments -347 -63,266 +99.5%
Net Income -2,809 866,562 -100.3%
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Life Science · Operating Segments -2,809 866,562 -100.3%
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Retained Earnings -2,809 866,562 -100.3%
Wtd Avg Shares (Basic) 82,521,023 78,115,836 +5.6%
Wtd Avg Shares (Diluted) 82,521,023 86,385,922 -4.5%
EPS (Basic) -0.03 11.09 -100.3%
EPS (Diluted) -0.03 10.04 -100.3%
Interest Expense (Q)
Show Business Segments breakouts
Life Science · Operating Segments 67,015 51,337 +30.5%
Interest Income (Q)
Show Business Segments breakouts
Life Science · Operating Segments -17,985 -17,245 -4.3%
Comprehensive Income -4,844 878,499 -100.6%
Other Comprehensive Income -2,035 11,937 -117.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -2,035 11,937 -117.0%
Net Income Loss Available To Common Stockholders Basic -2,809 866,562 -100.3%
Labor And Related Expense (Q)
Show Business Segments breakouts
Life Science · Operating Segments 76,121 67,699 +12.4%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 833,986 1,480,231 -43.7%
Marketable Securities (Current) 1,058,477 546,950 +93.5%
Receivables Net Current 219,919 210,495 +4.5%
Inventory 75,567
Prepaid Expenses & Other Current Assets 66,054 57,055 +15.8%
Total Current Assets 2,254,003 2,316,406 -2.7%
Non-Current Assets
Property, Plant & Equipment 52,739 59,459 -11.3%
Goodwill 82,341 82,341 0.0%
Operating Lease Right-of-Use Assets 76,692 57,317 +33.8%
Deposits And Other Assets Noncurrent 22,645 21,416 +5.7%
Total Assets 2,869,104 2,655,387 +8.0%
Intangible Assets 380,684 118,448 +221.4%
Show Fair Value By Asset Class breakouts
Finite Lived Intangible Assets 380,684 118,448 +221.4%
Other Assets
Intangible Assets Net Excluding Goodwill 380,684 118,448 +221.4%
Current Liabilities
Accounts Payable And Accrued Liabilities Current 313,050 317,807 -1.5%
Current Portion of Long-Term Debt 286,937
Deferred Revenue (Current) 498
Operating Lease Liability Current 12,078 11,464 +5.4%
Finance Lease Liability Current 6,000
Liability Sale Of Future Royalties Current 305,041 248,240 +22.9%
Total Current Liabilities 923,604 595,391 +55.1%
Accounts Payable 25,484 15,150 +68.2%
Non-Current Liabilities
Operating Lease Liabilities 90,072 73,559 +22.4%
Liability Sale Of Future Royalties Noncurrent 2,022,189 1,850,223 +9.3%
Other Non-Current Liabilities 13,704 22,429 -38.9%
Total Liabilities 3,049,569 2,841,147 +7.3%
Long-Term Debt (Q)
Show Debt Instrument breakouts
2026 Convertible Notes · Convertible Debt 286,937
Stockholders' Equity
Common Stock 81 78 +3.8%
Additional Paid-In Capital 2,778,026
Accumulated Other Comprehensive Income 8,466 -13,949 +160.7%
Retained Earnings -2,967,038 -2,780,311 -6.7%
Total Stockholders' Equity -180,465 -185,760 +2.9%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 8,466 -13,949 +160.7%
Additional Paid In Capital 2,778,026 2,608,422 +6.5%
Common Stock 81 78 +3.8%
Retained Earnings -2,967,038 -2,780,311 -6.7%
Total Liabilities & Equity 2,869,104 2,655,387 +8.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 15,413 7,221 +113.4%
Operating Lease Right Of Use Asset Amortization Expense 1,761 1,790 -1.6%
Noncash Royalty Revenue Sale Of Future Royalties -46,835 -32,974 -42.0%
Noncash Interest Expense Liability Related To Sale Of Future Royalties 65,699 49,661 +32.3%
Equity Securities Fv Ni Unrealized Gain Loss -1,214 -774 -56.8%
Show Investment Type breakouts
Equity Securities -1,214 -774 -56.8%
Deferred Income Taxes -10 2 -600.0%
Accretion Amortization Of Discounts And Premiums Investments -4,114 -2,313 -77.9%
Amortization of Financing Costs 305 299 +2.0%
Show Debt Instrument breakouts
2026 Convertible Notes · Convertible Debt 305 299 +2.0%
Stock-Based Compensation 23,421 18,060 +29.7%
Foreign Currency Transaction Gain Loss Unrealized -887 2,251 -139.4%
Change in Inventory 2,643 2,191 +20.6%
Change in Prepaid & Other Assets 1,180 -16,429 +107.2%
Increase Decrease In Receivables -40,390 -47,792 +15.5%
Increase Decrease In Deposit Other Assets -1,588 -611 -159.9%
Increase Decrease In Accounts Payable And Accrued Liabilities -68,713 18,502 -471.4%
Increase Decrease In Other Operating Liabilities -2,309 -458 -404.1%
Change in Deferred Revenue -1,522 7,200 -121.1%
Net Cash from Operations -59,042 870,103 -106.8%
Investing Activities
Capital Expenditures -1,197 -1,724 +30.6%
Purchases of Investments -454,670 -322,335 -41.1%
Payments To Acquire Marketable Securities -23,957 -5,209 -359.9%
Show Investment Type breakouts
Equity Securities -23,957 -5,209 -359.9%
Proceeds From Sale Of Available For Sale Securities Debt 376,359 136,750 +175.2%
Proceeds From Sale And Maturity Of Marketable Securities 9,885 8,896 +11.1%
Show Investment Type breakouts
Equity Securities 9,885 8,896 +11.1%
Payments To Acquire Intangible Assets -156 -808 +80.7%
Net Cash from Investing -93,736 -184,360 +49.2%
Financing Activities
Proceeds From Stock Options Exercised 6,403 15,751 -59.3%
Net Cash from Financing 6,403 9,410 -32.0%
Supplemental
Interest Paid 2,156 2,156 0.0%
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent -1,517 -88 -1623.9%
Decrease In Operating Lease Right Of Use Assets Related To Lease Modifications And Terminations 1,466
Decrease In Operating Lease Liability Related To Lease Modifications And Terminations 1,547
Noncash Or Part Noncash Acquisition Intangible Assets Acquired1 5,292 2,185 +142.2%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -1,524 5,393 -128.3%
Net Change in Cash -147,899 700,546 -121.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 850,435 1,495,862 -43.1%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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