FBIO Chart
About

Fortress Biotech, Inc., a biopharmaceutical company, engages in the development and commercialization of biopharmaceutical products. The company markets dermatology products, including Emrosi, a minocycline hydrochloride extended-release capsule for the treatment of rosacea; Qbrexza a medicated cloth towelette for primary axillary hyperhidrosis; Accutane, an oral isotretinoin drug for severe recalcitrant nodular acne; Amzeeq, a topical formulation of minocycline for inflammatory lesions of non-nodular moderate to severe acne vulgaris; Zilxi for inflammatory lesions of rosacea; Exelderm, an antifungal cream and solution for topical use; Targadox, an oral doxycycline drug for therapy for severe acne; and Luxamend, a water-based emulsion to provide a moist healing environment for superficial wounds, minor cuts or scrapes, dermal ulcers, donor sites, sunburns, and radiation dermatitis. It also develops intravenous Tramadol for the treatment of post-operative acute pain; CUTX-101, an injection for Menkes disease; UNLOXCYT for metastatic cutaneous squamous cell carcinoma; Olafertinib for EGFR mutation-positive NSCLC; CAEL-101, a monoclonal antibody for amyloid light chain amyloidosis; and Triplex, a cytomegalovirus vaccine. In addition, the company's early-stage product candidates include Dotinurad for gout; MB-101 for glioblastoma; MB-108 for recurrent GBM; MB-109 for refractory glioblastoma and anaplastic astrocytoma; MB-106 for B-cell non-hodgkin lymphoma; AJ201, an androgen receptor degradation enhancer; and BAER-101, a positive allosteric modulator. Further, its preclinical product candidates comprise AAV-ATP7A and AVTS-001 gene therapies; CK-103 BET inhibitor; CEVA-D and CEVA-102; CK-302, an anti-GITR; CK-303, an anti-CAIX; and oligonucleotide platform. The company was formerly known as Coronado Biosciences, Inc. and changed its name to Fortress Biotech, Inc. in April 2015. Fortress Biotech, Inc. was incorporated in 2006 and is based in Bay Harbor Islands, Florida.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 114.53M
Enterprise Value 101.28M Income -5.34M Sales 62.30M
Book/sh 1.80 Cash/sh 2.78 Dividend Yield —
Payout 0.00% Employees 101 IPO —
P/E — Forward P/E -2.10 PEG —
P/S 1.84 P/B 2.05 P/C —
EV/EBITDA -1.27 EV/Sales 1.63 Quick Ratio 1.93
Current Ratio 2.19 Debt/Eq 104.77 LT Debt/Eq —
EPS (ttm) -0.12 EPS next Y -1.76 EPS Growth —
Revenue Growth 20.50% Earnings 2025-11-14 08:00 ROA -34.25%
ROE -205.28% ROIC — Gross Margin 31.99%
Oper. Margin -38.63% Profit Margin 6.40% Shs Outstand 31.04M
Shs Float 23.45M Short Float 18.48% Short Ratio 3.91
Short Interest — 52W High 4.53 52W Low 1.33
Beta 1.42 Avg Volume 744.20K Volume 325.28K
Target Price $10.75 Recom Strong_buy Prev Close $3.54
Price $3.69 Change 4.24%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.75
Mean price target
2. Current target
$3.69
Latest analyst target
3. DCF / Fair value
$-30.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.69
Low
$4.50
High
$17.00
Mean
$10.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 reit HC Wainwright & Co. Buy → Buy $17
2025-08-21 main HC Wainwright & Co. Buy → Buy $17
2025-03-11 reit Roth MKM Buy → Buy $16
2024-11-18 main HC Wainwright & Co. Buy → Buy $26
2024-07-19 reit HC Wainwright & Co. Buy → Buy $24
2024-06-20 reit Cantor Fitzgerald — → Overweight —
2024-05-16 reit Roth MKM Buy → Buy $10
2024-03-19 init Alliance Global Partners — → Buy $5
2023-11-29 main Roth MKM Buy → Buy $15
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 27322 — — Stock Award(Grant) at price 0.00 per share. LOBELL JONAH JAY Director — 2025-12-31 00:00:00 D
1 27322 — — Stock Award(Grant) at price 0.00 per share. HOENLEIN MALCOLM Director — 2025-12-31 00:00:00 D
2 27322 — — Stock Award(Grant) at price 0.00 per share. HARVEY JIMMIE Director — 2025-12-31 00:00:00 D
3 27322 — — Stock Award(Grant) at price 0.00 per share. KLEIN DOV Director — 2025-12-31 00:00:00 D
4 27322 — — Stock Award(Grant) at price 0.00 per share. LORENZ KEVIN R. Director — 2025-12-31 00:00:00 D
5 2711 6940 — Stock Award(Grant) at price 2.56 per share. JIN DAVID Chief Financial Officer — 2025-10-01 00:00:00 D
6 5000 7800 — Stock Award(Grant) at price 1.56 per share. JIN DAVID Chief Financial Officer — 2025-04-01 00:00:00 D
7 454153 — — Stock Award(Grant) at price 0.00 per share. ROSENWALD LINDSAY A Chief Executive Officer — 2024-12-31 00:00:00 D
8 454153 — — Stock Award(Grant) at price 0.00 per share. WEISS MICHAEL S Officer and Director — 2024-12-31 00:00:00 D
9 49383 — — Stock Award(Grant) at price 0.00 per share. LOBELL JONAH JAY Director — 2024-12-31 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems46.83K269.01K237.09K0.00
TaxRateForCalcs0.210.210.210.00
NormalizedEBITDA-104.71M-137.00M-194.82M-175.47M
TotalUnusualItems223.00K1.28M1.13M29.31M
TotalUnusualItemsExcludingGoodwill223.00K1.28M1.13M29.31M
NetIncomeFromContinuingOperationNetMinorityInterest-46.00M-60.64M-86.58M-64.70M
ReconciledDepreciation4.46M6.00M9.35M6.79M
ReconciledCostOfRevenue19.84M20.66M30.77M32.08M
EBITDA-104.49M-135.72M-193.69M-146.17M
EBIT-108.95M-141.72M-203.05M-152.96M
NetInterestIncome-10.84M-12.31M-12.24M-14.66M
InterestExpense11.59M11.91M10.42M11.39M
InterestIncome2.68M3.00M1.40M649.00K
NormalizedIncome-46.17M-61.65M-87.47M-94.01M
NetIncomeFromContinuingAndDiscontinuedOperation-46.00M-60.64M-86.58M-64.70M
TotalExpenses168.91M223.71M279.31M247.79M
TotalOperatingIncomeAsReported-110.38M-142.34M-203.56M-188.54M
DilutedAverageShares20.78M8.11M5.92M5.45M
BasicAverageShares20.78M8.11M5.92M5.45M
DilutedEPS-2.69-8.47-14.55-11.85
BasicEPS-2.69-8.47-14.55-11.85
DilutedNIAvailtoComStockholders-55.89M-68.67M-94.61M-64.70M
NetIncomeCommonStockholders-55.89M-68.67M-94.61M-64.70M
PreferredStockDividends9.89M8.03M8.03M
NetIncome-46.00M-60.64M-86.58M-64.70M
MinorityInterests74.86M93.52M127.34M100.12M
NetIncomeIncludingNoncontrollingInterests-120.86M-154.15M-213.91M-164.83M
NetIncomeContinuousOperations-120.86M-154.15M-213.91M-164.83M
TaxProvision312.00K521.00K449.00K473.00K
PretaxIncome-120.54M-153.63M-213.46M-164.35M
OtherIncomeExpense1.54M-2.12M2.34M29.31M
OtherNonOperatingIncomeExpenses1.32M-3.40M1.22M
SpecialIncomeCharges861.00K-3.14M0.00-9.54M
OtherSpecialCharges-4.55M9.54M
WriteOff3.69M3.14M
ImpairmentOfCapitalAssets3.69M3.14M
GainOnSaleOfSecurity-638.00K4.42M1.13M38.85M
NetNonOperatingInterestIncomeExpense-10.84M-12.31M-12.24M-14.66M
TotalOtherFinanceCost1.94M3.40M3.23M3.91M
InterestExpenseNonOperating11.59M11.91M10.42M11.39M
InterestIncomeNonOperating2.68M3.00M1.40M649.00K
OperatingIncome-111.24M-139.20M-203.56M-179.00M
OperatingExpense148.04M200.82M248.53M215.71M
OtherOperatingExpenses-1.30M
DepreciationAmortizationDepletionIncomeStatement3.42M3.77M
DepreciationAndAmortizationInIncomeStatement3.42M3.77M
Amortization3.42M3.77M
AmortizationOfIntangiblesIncomeStatement3.42M3.77M
ResearchAndDevelopment56.88M106.07M134.88M128.87M
SellingGeneralAndAdministration87.73M90.98M113.66M86.84M
GrossProfit36.80M61.62M44.97M36.71M
CostOfRevenue20.88M22.89M30.77M32.08M
TotalRevenue57.67M84.51M75.74M68.79M
OperatingRevenue56.67M64.99M73.07M68.79M
Line Item2023-12-31
TreasurySharesNumber0.00
PreferredSharesNumber3.43M3.43M3.43M3.43M
OrdinarySharesNumber27.91M15.09M7.37M6.76M
ShareIssued27.91M15.09M7.37M6.76M
NetDebt1.32M
TotalDebt75.96M84.66M127.34M74.98M
TangibleBookValue-9.13M2.25M14.52M96.12M
InvestedCapital81.32M86.40M145.04M160.56M
WorkingCapital18.97M32.11M102.72M245.42M
NetTangibleAssets-9.13M2.26M14.52M96.12M
CapitalLeaseObligations17.37M20.80M24.02M23.09M
CommonStockEquity22.73M22.54M41.72M108.67M
PreferredStockEquity3.00K3.00K3.00K3.00K
TotalCapitalization80.70M83.40M134.86M155.24M
TotalEquityGrossMinorityInterest-1.64M1.59M50.02M225.88M
MinorityInterest-24.38M-20.96M8.30M117.20M
StockholdersEquity22.74M22.54M41.72M108.67M
RetainedEarnings-740.87M-694.87M-634.23M-547.46M
AdditionalPaidInCapital763.57M717.40M675.94M656.03M
CapitalStock31.00K18.00K10.00K104.00K
CommonStock28.00K15.00K7.00K101.00K
PreferredStock3.00K3.00K3.00K3.00K
TotalLiabilitiesNetMinorityInterest145.87M165.94M244.28M170.63M
TotalNonCurrentLiabilitiesNetMinorityInterest74.47M81.03M116.56M69.58M
OtherNonCurrentLiabilities1.76M1.89M1.85M2.03M
LongTermDebtAndCapitalLeaseObligation72.71M79.14M114.71M67.55M
LongTermCapitalLeaseObligation14.75M18.28M21.57M20.99M
LongTermDebt57.96M60.86M93.14M46.56M
CurrentLiabilities71.40M84.91M127.72M101.04M
OtherCurrentLiabilities1.72M4.98M16.92M
CurrentDeferredLiabilities728.00K2.61M
CurrentDeferredRevenue728.00K2.61M
CurrentDebtAndCapitalLeaseObligation3.25M5.52M12.63M7.43M
CurrentCapitalLeaseObligation2.62M2.52M2.45M2.10M
CurrentDebt625.00K3.00M10.18M5.32M
OtherCurrentBorrowings625.00K3.00M7.24M4.51M
LineOfCredit0.002.95M812.00K
PensionandOtherPostRetirementBenefitPlansCurrent9.77M8.81M
CurrentProvisions3.12M4.08M3.69M3.24M
PayablesAndAccruedExpenses63.31M70.33M94.48M87.77M
CurrentAccruedExpenses29.37M32.66M33.89M36.16M
InterestPayable0.00342.00K0.00
Payables33.94M37.67M60.59M51.61M
OtherPayable1.37M2.02M2.63M3.83M
TotalTaxPayable932.00K843.00K722.00K345.00K
IncomeTaxPayable932.00K843.00K722.00K345.00K
AccountsPayable31.64M34.81M57.24M47.43M
TotalAssets144.22M167.53M294.30M396.50M
TotalNonCurrentAssets53.85M50.50M63.87M50.04M
OtherNonCurrentAssets4.87M6.72M3.66M3.42M
InvestmentsAndAdvances0.00
GoodwillAndOtherIntangibleAssets31.86M20.29M27.20M12.55M
OtherIntangibleAssets31.86M20.29M27.20M12.55M
NetPPE17.12M23.50M33.01M34.07M
AccumulatedDepreciation-12.11M-8.89M-12.45M-9.39M
GrossPPE29.23M32.39M45.46M43.47M
Leases13.18M13.18M13.18M13.18M
ConstructionInProgress0.0029.00K952.00K2.03M
OtherProperties13.86M16.99M19.99M19.00M
MachineryFurnitureEquipment1.61M1.61M10.76M8.68M
BuildingsAndImprovements581.00K581.00K581.00K581.00K
Properties0.000.000.000.00
CurrentAssets90.37M117.02M230.43M346.46M
OtherCurrentAssets7.11M10.50M9.66M7.07M
AssetsHeldForSaleCurrent1.17M0.00
PrepaidAssets7.07M
Inventory14.43M10.21M14.16M9.86M
InventoriesAdjustmentsAllowances-513.00K-305.00K-429.00K0.00
FinishedGoods11.38M4.99M7.74M4.29M
WorkInProcess367.00K884.00K395.00K0.00
RawMaterials3.20M4.64M6.45M5.57M
Receivables10.40M15.39M28.35M23.79M
DuefromRelatedPartiesCurrent171.00K167.00K138.00K678.00K
AccountsReceivable10.23M15.22M28.21M23.11M
AllowanceForDoubtfulAccountsReceivable-600.00K-500.00K-400.00K-100.00K
GrossAccountsReceivable10.83M15.72M28.61M23.21M
CashCashEquivalentsAndShortTermInvestments57.26M80.93M178.27M305.74M
CashAndCashEquivalents57.26M80.93M178.27M305.74M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-95.19M-136.32M-182.46M-132.89M
RepurchaseOfCapitalStock0.00-400.00K-1.20M-13.00K
RepaymentOfDebt-51.00M-81.32M-2.86M-16.64M
IssuanceOfDebt43.67M42.53M52.11M7.00M
IssuanceOfCapitalStock82.84M81.23M42.79M172.23M
CapitalExpenditure-15.00M-8.10M-3.06M-16.35M
InterestPaidSupplementalData7.16M7.95M9.42M6.92M
IncomeTaxPaidSupplementalData120.00K858.00K993.00K
EndCashPosition58.81M83.36M180.95M307.96M
BeginningCashPosition83.36M180.95M307.96M235.00M
ChangesInCash-24.55M-97.59M-127.01M72.97M
FinancingCashFlow70.64M32.74M75.32M148.99M
CashFlowFromContinuingFinancingActivities70.64M32.74M75.32M148.99M
NetOtherFinancingCharges-1.25M-1.21M-7.12M-5.39M
ProceedsFromStockOptionExercised1.09M681.00K380.00K587.00K
CashDividendsPaid-4.71M-8.77M-8.78M-8.78M
PreferredStockDividendPaid-4.02M-8.03M-8.03M-8.03M
CommonStockDividendPaid-694.00K-736.00K-749.00K-749.00K
NetPreferredStockIssuance0.00454.00K2.45M16.96M
PreferredStockPayments0.00-400.00K-85.00K-13.00K
PreferredStockIssuance0.00854.00K2.53M16.97M
NetCommonStockIssuance82.84M80.38M39.15M155.25M
CommonStockPayments0.00-1.11M0.00
CommonStockIssuance82.84M80.38M40.26M155.25M
NetIssuancePaymentsOfDebt-7.33M-38.79M49.25M-9.64M
NetShortTermDebtIssuance0.00-2.95M2.14M812.00K
ShortTermDebtPayments0.00-30.95M-2.86M-6.19M
ShortTermDebtIssuance0.0028.00M5.00M7.00M
NetLongTermDebtIssuance-7.33M-35.85M47.11M-10.45M
LongTermDebtPayments-51.00M-50.38M0.00-10.45M
LongTermDebtIssuance43.67M14.53M47.11M0.00
InvestingCashFlow-15.00M-2.10M-22.93M40.51M
CashFlowFromContinuingInvestingActivities-15.00M-2.10M-22.93M40.51M
NetOtherInvestingChanges-5.00K
NetBusinessPurchaseAndSale0.00-20.00M56.86M
SaleOfBusiness0.0056.86M
PurchaseOfBusiness0.00-20.00M0.00
NetIntangiblesPurchaseAndSale-15.00M-8.04M-340.00K-11.78M
PurchaseOfIntangibles-15.00M-8.04M-340.00K-11.78M
NetPPEPurchaseAndSale0.005.94M-2.59M-4.57M
SaleOfPPE0.006.00M127.00K0.00
PurchaseOfPPE0.00-63.00K-2.71M-4.57M
OperatingCashFlow-80.19M-128.22M-179.40M-116.54M
CashFlowFromContinuingOperatingActivities-80.19M-128.22M-179.40M-116.54M
ChangeInWorkingCapital-8.13M-12.52M-715.00K36.37M
ChangeInOtherWorkingCapital-1.88M2.61M
ChangeInOtherCurrentLiabilities-2.42M-3.08M-2.21M-1.77M
ChangeInOtherCurrentAssets968.00K-808.00K344.00K-185.00K
ChangeInPayablesAndAccruedExpense-6.30M-24.26M8.73M43.65M
ChangeInAccruedExpense0.00
ChangeInInterestPayable0.00
ChangeInPayable-6.30M-24.26M8.73M43.65M
ChangeInAccountPayable-6.39M-24.38M8.35M43.31M
ChangeInTaxPayable89.00K121.00K377.00K345.00K
ChangeInIncomeTaxPayable89.00K121.00K377.00K345.00K
ChangeInPrepaidAssets-624.00K-848.00K-2.60M-309.00K
ChangeInInventory-4.22M3.95M1.74M-8.46M
ChangeInReceivables4.47M12.52M-4.84M834.00K
ChangesInAccountReceivables4.47M12.55M-5.38M768.00K
OtherNonCashItems4.53M10.81M3.48M24.43M
StockBasedCompensation32.62M17.03M22.99M19.49M
UnrealizedGainLossOnInvestmentSecurities0.00-39.29M
AssetImpairmentCharge4.21M3.58M284.00K48.00K
DepreciationAmortizationDepletion4.46M6.00M9.35M6.79M
DepreciationAndAmortization4.46M6.00M9.35M6.79M
AmortizationCashFlow3.42M3.77M4.28M2.47M
AmortizationOfIntangibles3.42M3.77M4.28M2.47M
Depreciation1.04M2.23M5.08M4.32M
OperatingGainsLosses2.97M1.03M-874.00K447.00K
GainLossOnInvestmentSecurities487.00K-4.42M-1.13M447.00K
GainLossOnSaleOfPPE29.00K-1.47M255.00K0.00
GainLossOnSaleOfBusiness0.004.13M0.00
NetIncomeFromContinuingOperations-120.86M-154.15M-213.91M-164.83M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FBIO
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