TBPH Chart
About

Theravance Biopharma, Inc., a biopharmaceutical company, develops and commercializes medicines in the United States. It offers YUPELRI, a once-daily, nebulized long-acting muscarinic antagonist for the treatment of chronic obstructive pulmonary disease (COPD). Its late-stage investigational once-daily norepinephrine reuptake inhibitor, Ampreloxetine is in the development for symptomatic neurogenic orthostatic hypotension (nOH) in patients with Multiple System Atrophy (MSA). It has a strategic collaboration agreement with Viatris Inc. for the development and commercialization of revefenacin, including YUPELRI. Theravance Biopharma, Inc. was incorporated in 2013 and is based in South San Francisco, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 984.06M
Enterprise Value 680.73M Income 29.34M Sales 80.33M
Book/sh 4.59 Cash/sh 6.51 Dividend Yield —
Payout 0.00% Employees 97 IPO —
P/E 34.07 Forward P/E 11.49 PEG —
P/S 12.25 P/B 4.23 P/C —
EV/EBITDA -21.84 EV/Sales 8.47 Quick Ratio 9.30
Current Ratio 9.48 Debt/Eq 19.17 LT Debt/Eq —
EPS (ttm) 0.57 EPS next Y 1.69 EPS Growth —
Revenue Growth 18.50% Earnings 2026-02-26 ROA -5.32%
ROE 14.03% ROIC — Gross Margin 50.82%
Oper. Margin -32.29% Profit Margin 36.53% Shs Outstand 50.67M
Shs Float 23.30M Short Float 14.02% Short Ratio 11.35
Short Interest — 52W High 21.03 52W Low 7.90
Beta 0.16 Avg Volume 459.46K Volume 49.61K
Target Price $26.71 Recom Buy Prev Close $19.06
Price $19.42 Change 1.89%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$26.71
Mean price target
2. Current target
$19.42
Latest analyst target
3. DCF / Fair value
$3.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$19.42
Low
$13.00
High
$42.00
Mean
$26.71

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-03 reit BTIG Buy → Buy $40
2025-12-03 init Oppenheimer — → Outperform $27
2025-11-26 main BTIG Buy → Buy $40
2025-11-11 main HC Wainwright & Co. Buy → Buy $20
2025-09-12 init B. Riley Securities — → Buy $28
2025-06-27 main BTIG Buy → Buy $25
2025-06-17 init Jones Trading — → Buy $24
2025-02-27 reit HC Wainwright & Co. Buy → Buy $15
2025-02-25 reit HC Wainwright & Co. Buy → Buy $15
2024-09-16 reit HC Wainwright & Co. Buy → Buy $15
2024-08-06 main HC Wainwright & Co. Buy → Buy $15
2024-08-06 main TD Cowen Hold → Hold $9
2024-08-06 down Leerink Partners Outperform → Market Perform $10
2024-05-29 reit HC Wainwright & Co. Buy → Buy $20
2024-05-14 reit HC Wainwright & Co. Buy → Buy $20
2024-04-12 init BTIG — → Buy $21
2023-08-08 reit HC Wainwright & Co. Buy → Buy $20
2023-05-09 main HC Wainwright & Co. — → Buy $20
2023-02-28 reit HC Wainwright & Co. — → Buy $19
2022-11-17 main SVB Leerink — → Outperform $14
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 31067 582501 — Sale at price 18.75 per share. FARNUM RHONDA Officer — 2025-12-03 00:00:00 D
1 29501 590020 — Sale at price 20.00 per share. BROSHY ERAN Director — 2025-11-26 00:00:00 D
2 9900 — — Stock Gift at price 0.00 per share. WINNINGHAM RICK E Chief Executive Officer — 2025-11-19 00:00:00 D
3 59000 1068250 — Sale at price 17.00 - 18.50 per share. BROSHY ERAN Director — 2025-11-11 00:00:00 D
4 45000 809250 — Sale at price 17.00 - 18.50 per share. BROSHY ERAN Director — 2025-11-11 00:00:00 D
5 14000 142100 — Conversion of Exercise of derivative security at price 10.15 per share. BROSHY ERAN Director — 2025-11-11 00:00:00 D
6 10000 113870 — Sale at price 11.39 per share. FARNUM RHONDA Officer — 2025-07-14 00:00:00 D
7 20000 — — Stock Gift at price 0.00 per share. WINNINGHAM RICK E Chief Executive Officer — 2025-06-23 00:00:00 D
8 9600 — — Stock Gift at price 0.00 per share. WINNINGHAM RICK E Chief Executive Officer — 2025-06-13 00:00:00 D
9 24000 264000 — Sale at price 11.00 per share. FARNUM RHONDA Officer — 2025-06-02 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-947.73K-576.03K-3.33M-12.09K
TaxRateForCalcs0.210.210.210.00
NormalizedEBITDA-33.94M-39.92M-63.55M-227.94M
TotalUnusualItems-4.51M-2.74M-15.87M-20.14M
TotalUnusualItemsExcludingGoodwill-4.51M-2.74M-15.87M-20.14M
NetIncomeFromContinuingOperationNetMinorityInterest-56.42M-55.19M-92.82M-265.07M
ReconciledDepreciation3.62M4.26M7.02M8.60M
EBITDA-38.45M-42.66M-79.42M-248.08M
EBIT-42.07M-46.92M-86.45M-256.68M
NetInterestIncome2.33M6.77M2.18M-7.44M
InterestExpense2.55M2.35M6.37M8.55M
InterestIncome4.88M9.12M8.54M1.11M
NormalizedIncome-52.85M-53.03M-80.29M-244.94M
NetIncomeFromContinuingAndDiscontinuedOperation-56.42M-55.19M872.13M-199.43M
TotalExpenses106.82M110.72M130.47M292.95M
TotalOperatingIncomeAsReported-46.95M-56.03M-91.96M-257.78M
DilutedAverageShares48.85M55.30M73.59M69.46M
BasicAverageShares48.85M55.30M73.59M69.46M
DilutedEPS-1.15-1.0011.85-2.87
BasicEPS-1.15-1.0011.85-2.87
DilutedNIAvailtoComStockholders-56.42M-55.19M872.13M-199.43M
NetIncomeCommonStockholders-56.42M-55.19M872.13M-199.43M
NetIncome-56.42M-55.19M872.13M-199.43M
NetIncomeIncludingNoncontrollingInterests-56.42M-55.19M872.13M-199.43M
NetIncomeDiscontinuousOperations0.00964.96M65.64M
NetIncomeContinuousOperations-56.42M-55.19M-92.82M-265.07M
TaxProvision11.80M5.92M9.00K-151.00K
PretaxIncome-44.61M-49.27M-92.81M-265.22M
OtherIncomeExpense-4.51M-2.74M-15.87M-20.14M
SpecialIncomeCharges-4.51M-2.74M-15.87M-20.14M
OtherSpecialCharges3.03M
ImpairmentOfCapitalAssets4.51M0.00
RestructuringAndMergernAcquisition0.002.74M12.84M20.14M
EarningsFromEquityInterest103.99M
NetNonOperatingInterestIncomeExpense2.33M6.77M2.18M-7.44M
InterestExpenseNonOperating2.55M2.35M6.37M8.55M
InterestIncomeNonOperating4.88M9.12M8.54M1.11M
OperatingIncome-42.44M-53.29M-79.12M-237.64M
OperatingExpense106.82M110.72M130.47M292.95M
ResearchAndDevelopment37.64M40.62M63.39M193.66M
SellingGeneralAndAdministration69.17M70.09M67.07M99.30M
TotalRevenue64.38M57.42M51.35M55.31M
OperatingRevenue64.38M57.42M51.35M55.31M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber49.47M48.09M65.23M74.44M
ShareIssued49.47M48.09M65.23M74.44M
NetDebt526.38M
TotalDebt49.82M49.16M52.16M669.52M
TangibleBookValue175.54M213.00M441.80M-338.57M
InvestedCapital175.54M213.00M441.80M277.76M
WorkingCapital128.98M108.77M324.75M191.28M
NetTangibleAssets175.54M213.00M441.80M-338.57M
CapitalLeaseObligations49.82M49.16M52.16M53.18M
CommonStockEquity175.54M213.00M441.80M-338.57M
TotalCapitalization175.54M213.00M441.80M260.82M
TotalEquityGrossMinorityInterest175.54M213.00M441.80M-338.57M
StockholdersEquity175.54M213.00M441.80M-338.57M
GainsLossesNotAffectingRetainedEarnings7.00K-65.00K-15.00K0.00
OtherEquityAdjustments7.00K-65.00K-15.00K
RetainedEarnings-965.52M-909.10M-853.91M-1.73B
AdditionalPaidInCapital1.14B1.12B1.30B1.39B
CapitalStock0.000.001.00K1.00K
CommonStock0.000.001.00K1.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest178.62M169.00M165.60M713.39M
TotalNonCurrentLiabilitiesNetMinorityInterest146.53M144.24M136.88M654.80M
OtherNonCurrentLiabilities32.22M33.71M27.09M2.18M
TradeandOtherPayablesNonCurrent75.20M65.29M64.19M240.00K
NonCurrentDeferredLiabilities0.00192.00K310.00K
NonCurrentDeferredRevenue0.00192.00K310.00K
LongTermDebtAndCapitalLeaseObligation39.11M45.24M45.41M652.08M
LongTermCapitalLeaseObligation39.11M45.24M45.41M52.68M
LongTermDebt599.39M
CurrentLiabilities32.09M24.77M28.71M58.59M
CurrentDeferredLiabilities24.00K98.00K
CurrentDeferredRevenue24.00K98.00K
CurrentDebtAndCapitalLeaseObligation10.71M3.92M6.75M17.44M
CurrentCapitalLeaseObligation10.71M3.92M6.75M503.00K
CurrentDebt16.94M
OtherCurrentBorrowings16.94M
PayablesAndAccruedExpenses21.37M20.84M21.96M41.05M
CurrentAccruedExpenses13.28M12.83M20.41M37.95M
InterestPayable0.003.94M
Payables8.10M8.01M1.55M3.10M
OtherPayable6.49M
TotalTaxPayable5.85M0.00
IncomeTaxPayable5.85M0.00
AccountsPayable2.24M1.52M1.55M3.10M
TotalAssets354.16M382.00M607.40M374.82M
TotalNonCurrentAssets193.09M248.46M253.94M124.95M
OtherNonCurrentAssets157.32M203.10M201.94M4.07M
InvestmentsAndAdvances0.0067.54M
LongTermEquityInvestment0.0067.54M
NetPPE35.77M45.35M52.00M53.35M
AccumulatedDepreciation-22.40M-21.58M-32.84M-38.49M
GrossPPE58.17M66.94M84.84M91.84M
Leases25.32M26.21M24.58M24.05M
OtherProperties28.39M36.35M55.57M59.78M
MachineryFurnitureEquipment4.46M4.38M4.68M8.01M
Properties0.000.000.000.00
CurrentAssets161.07M133.54M353.46M249.87M
OtherCurrentAssets4.20M11.60M7.68M8.56M
PrepaidAssets73.00K2.04M1.51M10.24M
Receivables68.44M17.47M16.79M57.60M
OtherReceivables50.00M
DuefromRelatedPartiesCurrent0.0043.53M
AccountsReceivable18.44M17.47M16.79M14.06M
CashCashEquivalentsAndShortTermInvestments88.35M102.43M327.48M173.47M
OtherShortTermInvestments50.55M62.88M29.31M83.51M
CashAndCashEquivalents37.80M39.55M298.17M89.96M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-11.87M-29.48M-187.56M-211.26M
RepurchaseOfCapitalStock-3.10M-199.55M-132.28M-9.06M
RepaymentOfDebt0.00-631.60M-10.73M
IssuanceOfDebt0.000.00
IssuanceOfCapitalStock99.00K0.000.00108.18M
CapitalExpenditure-332.00K-2.49M-572.00K-3.41M
InterestPaidSupplementalData0.0022.24M39.03M
IncomeTaxPaidSupplementalData109.00K24.00K117.97M
EndCashPosition38.63M40.38M299.01M90.80M
BeginningCashPosition40.38M299.01M90.80M82.30M
ChangesInCash-1.75M-258.63M208.21M8.50M
FinancingCashFlow-2.50M-198.93M-758.81M91.86M
CashFromDiscontinuedFinancingActivities0.00-20.19M0.00
CashFlowFromContinuingFinancingActivities-2.50M-198.93M-738.62M91.86M
NetOtherFinancingCharges24.46M
ProceedsFromStockOptionExercised508.00K618.00K802.00K3.47M
NetCommonStockIssuance-3.00M-199.55M-132.28M99.12M
CommonStockPayments-3.10M-199.55M-132.28M-9.06M
CommonStockIssuance99.00K0.000.00108.18M
NetIssuancePaymentsOfDebt0.00-631.60M-10.73M
NetLongTermDebtIssuance0.00-631.60M-10.73M
LongTermDebtPayments0.00-631.60M-10.73M
LongTermDebtIssuance0.000.00
InvestingCashFlow12.28M-32.70M1.15B124.49M
CashFromDiscontinuedInvestingActivities0.001.10B0.00
CashFlowFromContinuingInvestingActivities12.28M-32.70M58.88M124.49M
NetOtherInvestingChanges2.71M
NetInvestmentPurchaseAndSale12.62M-31.72M54.87M127.89M
SaleOfInvestment155.65M102.81M158.02M286.20M
PurchaseOfInvestment-143.03M-134.53M-103.14M-158.31M
NetBusinessPurchaseAndSale0.00
SaleOfBusiness0.00
NetPPEPurchaseAndSale-332.00K-975.00K1.29M-3.40M
SaleOfPPE0.001.51M1.87M6.00K
PurchaseOfPPE-332.00K-2.49M-572.00K-3.41M
OperatingCashFlow-11.54M-27.00M-186.99M-207.86M
CashFromDiscontinuedOperatingActivities0.00-184.57M27.92M
CashFlowFromContinuingOperatingActivities-11.54M-27.00M-2.42M-235.78M
ChangeInWorkingCapital20.36M-8.34M42.35M-39.55M
ChangeInOtherWorkingCapital9.91M886.00K63.76M-11.65M
ChangeInOtherCurrentLiabilities129.00K4.55M-1.55M-965.00K
ChangeInOtherCurrentAssets-296.00K-1.55M-8.23M-972.00K
ChangeInPayablesAndAccruedExpense2.22M-7.09M-16.94M-40.76M
ChangeInAccruedExpense1.47M-7.09M-15.33M-37.23M
ChangeInInterestPayable0.00-1.25M0.00
ChangeInPayable750.00K6.00K-1.61M-3.53M
ChangeInAccountPayable750.00K6.00K-1.61M-3.53M
ChangeInPrepaidAssets9.36M-4.45M8.03M13.00M
ChangeInReceivables-966.00K-689.00K-2.72M1.80M
ChangesInAccountReceivables-966.00K-689.00K-2.72M1.80M
OtherNonCashItems2.55M2.35M974.00K-1.85M
StockBasedCompensation21.39M25.37M39.73M62.06M
AssetImpairmentCharge4.51M0.00
DeferredTax-7.57M3.21M0.00
DeferredIncomeTax-7.57M3.21M0.00
DepreciationAmortizationDepletion3.62M4.26M7.02M8.60M
DepreciationAndAmortization3.62M4.26M7.02M8.60M
AmortizationCashFlow-2.51M-1.90M-681.00K10.00K
AmortizationOfIntangibles-2.51M-1.90M-681.00K10.00K
Depreciation6.12M6.15M7.71M8.59M
OperatingGainsLosses34.00K1.35M317.00K39.00K
EarningsLossesFromEquityInvestments-44.52M
GainLossOnSaleOfPPE34.00K1.35M-8.00K39.00K
NetIncomeFromContinuingOperations-56.42M-55.19M-92.82M-265.07M
SEC Filings

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

Public Trades for TBPH
Date User Asset Broker Type Position Size Entry Price Patterns