Record High Adjusted Revenues and EBITDA
Knight Therapeutics achieved record high adjusted revenues of $319 million and adjusted EBITDA of approximately $49 million for the nine months ended September 30, 2025. Revenues grew by $48 million or 18% compared to the same period last year.
Revenue Growth from Key Products
Revenues were driven by the Paladin and Sumitomo transactions, which contributed $27 million of incremental revenues, and key promoted products delivered organic growth of 12% on a constant currency basis.
Expansion of Oncology Portfolio
Knight expanded its partnership with Incyte by in-licensing the LatAm rights to two innovative drugs, retifanlimab and axatilimab, and launched several products including JORNAY PM in Canada, MINJUVI in Argentina, and PEMAZYRE in Brazil and Mexico.
Increased Financial Outlook for 2025
Knight increased its financial outlook for fiscal 2025, expecting revenues between $430 million and $440 million, and an adjusted EBITDA between 13.5% to 14.5% of revenues.
Increased Credit Facility
Knight doubled its revolving credit facility from USD 50 million to USD 100 million, with an accordion feature for another USD 100 million, providing increased financial flexibility.