Revenue Growth
Total revenue for Q2 2025 was $70 million, up 22% from $57.2 million in Q2 2024. Net product sales of LUPKYNIS were $66.6 million, up 21% from $55 million in Q2 2024.
Increased Guidance
Full-year 2025 total revenue guidance increased from a range of $250 million to $260 million to a range of $260 million to $270 million.
Positive Cash Flow
Cash flow generated from operations was $45.5 million, compared to a negative $2.8 million in the same period of 2024.
Share Repurchase Program
Repurchased $11.2 million of common shares for $90.8 million. Board approved an increase to the share repurchase plan by up to an additional $150 million.
Positive Clinical Trial Results
Reported positive results from the aritinercept Phase I single ascending dose study, with plans to initiate further clinical studies in the second half of 2025.
Improved Gross Margin
Gross margin for Q2 2025 was 90%, compared to 84% in Q2 2024.