Record-Breaking Revenue Growth
Total product revenue exceeded $74 million, representing a 40% increase year-over-year. The full year total revenue guidance was raised to be in the range of $285 million to $290 million, a 42% increase at the midpoint.
RECORLEV Performance
RECORLEV remained the primary growth engine with revenue of $37 million in the quarter, a year-over-year increase of 109%. The average number of patients on therapy grew by 108% versus the same period last year.
Gvoke and KEVEYIS Performance
Gvoke delivered a solid quarter with revenue of more than $25 million, up nearly 10% from the same period last year. KEVEYIS revenue was approximately $12 million, driven by growth in the average number of patients on therapy.
Financial Milestones
The company generated significant positive cash flow and net income for the first time in its history. Adjusted EBITDA for the quarter was $17.4 million, improving more than $20 million compared to Q3 2024.