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Travere Therapeutics, Inc. (TVTX) 10-Year Financial Performance & Capital Metrics

TVTX • • Industrial / General
HealthcareBiotechnologyRare Genetic DiseasesGene Therapy & Rare Diseases
AboutTravere Therapeutics, Inc., a biopharmaceutical company, focuses on the identification, development, commercialization, and delivering of therapies for the treatment of rare diseases. Its marketed products include Chenodal, a synthetic oral form of chenodeoxycholic acid for the treatment of radiolucent stones in gallbladders; Cholbam, a cholic acid capsule to treat pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects, as well as for adjunctive treatment of patients with peroxisomal disorders; and Thiola and Thiola EC, a tiopronin tablet for the treatment of homozygous cystinuria. The company's product candidates also consist of Sparsentan, which is in Phase III clinical trial for the treatment of focal segmental glomerulosclerosis and immunoglobulin A nephropathy; and TVT-058, a novel investigational human enzyme replacement candidate, which is in Phase I/II clinical trials for the treatment of classical homocystinuria. It has a cooperative research and development agreement with National Institutes of Health's National Center for Advancing Translational Sciences and patient advocacy organizations, CDG Care, and Alagille Syndrome Alliance for the identification of potential small molecule therapeutics for NGLY1 deficiency and Alagille syndrome. The company was formerly known as Retrophin, Inc. and changed its name to Travere Therapeutics, Inc. in November 2020. Travere Therapeutics, Inc. was incorporated in 2008 and is headquartered in San Diego, California.Show more
  • Revenue $233M +60.5%
  • EBITDA -$280M +19.8%
  • Net Income -$322M -188.6%
  • EPS (Diluted) -4.08 -172.0%
  • Gross Margin 96.68% +5.0%
  • EBITDA Margin -120.2% +50.1%
  • Operating Margin -138.88% +48.0%
  • Net Margin -137.9% -79.8%
  • ROE -247.45% -170.6%
  • ROIC -51.16% +17.8%
  • Debt/Equity 6.80 +237.2%
  • Interest Coverage -28.96 +15.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 88 (top 12%)

✗Weaknesses

  • ✗High debt to equity ratio of 6.8x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 38.6x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y23.52%
5Y5.87%
3Y20.93%
TTM114.22%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM74.81%

EPS CAGR

10Y-
5Y-
3Y-
TTM76.7%

ROCE

10Y Avg-33.65%
5Y Avg-51.03%
3Y Avg-62.19%
Latest-64.48%

Peer Comparison

Gene Therapy & Rare Diseases
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KRYSKrystal Biotech, Inc.8.46B291.7997.26473.02%53.3%17.48%1.41%0.01
BMRNBioMarin Pharmaceutical Inc.10.77B56.0825.3817.97%16.82%8.59%4.41%0.11
SRPTSarepta Therapeutics, Inc.2.39B22.809.7452.97%-11.25%-20.57%0.88
RAREUltragenyx Pharmaceutical Inc.2.32B24.07-3.8329.01%-91.95%-35.88%0.15
DYNDyne Therapeutics, Inc.2.87B17.45-5.18-61.26%0.04
TVTXTravere Therapeutics, Inc.2.59B28.93-7.0960.55%-20.32%-120.36%6.80
BEAMBeam Therapeutics Inc.3.59B35.41-7.73-83.18%-7.44%-42.92%0.22
SLNOSoleno Therapeutics, Inc.2.28B42.46-9.69-79.5%-15.85%0.22

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+99.89M133.59M154.94M164.25M175.34M198.32M131.84M109.46M145.24M233.18M
Revenue Growth %2.54%0.34%0.16%0.06%0.07%0.13%-0.34%-0.17%0.33%0.61%
Cost of Goods Sold+2.19M4.55M3.6M5.53M5.23M6.13M3.82M4.42M11.45M7.74M
COGS % of Revenue0.02%0.03%0.02%0.03%0.03%0.03%0.03%0.04%0.08%0.03%
Gross Profit+97.71M129.04M151.33M158.72M170.1M192.19M128.02M105.04M133.79M225.43M
Gross Margin %0.98%0.97%0.98%0.97%0.97%0.97%0.97%0.96%0.92%0.97%
Gross Profit Growth %2.54%0.32%0.17%0.05%0.07%0.13%-0.33%-0.18%0.27%0.68%
Operating Expenses+129.97M168.87M182.13M227.41M269.91M368.36M327.44M424.85M521.93M549.26M
OpEx % of Revenue1.3%1.26%1.18%1.38%1.54%1.86%2.48%3.88%3.59%2.36%
Selling, General & Admin79.54M98.02M103.96M103.65M128.95M135.8M126.28M197.52M265.54M264.12M
SG&A % of Revenue0.8%0.73%0.67%0.63%0.74%0.68%0.96%1.8%1.83%1.13%
Research & Development50.43M70.85M78.17M123.76M140.96M131.77M201.16M227.33M244.99M282.7M
R&D % of Revenue0.5%0.53%0.5%0.75%0.8%0.66%1.53%2.08%1.69%1.21%
Other Operating Expenses-296K-264K1.11M-474K-314K100.79M0011.39M2.44M
Operating Income+-50.75M-58.21M-53.79M-80.04M-99.81M-176.16M-199.43M-319.81M-388.14M-323.83M
Operating Margin %-0.51%-0.44%-0.35%-0.49%-0.57%-0.89%-1.51%-2.92%-2.67%-1.39%
Operating Income Growth %0.36%-0.15%0.08%-0.49%-0.25%-0.76%-0.13%-0.6%-0.21%0.17%
EBITDA+-37.36M-42.08M-35.99M-61.37M-79.4M-151.58M-186.68M-299.09M-349.61M-280.27M
EBITDA Margin %-0.37%-0.31%-0.23%-0.37%-0.45%-0.76%-1.42%-2.73%-2.41%-1.2%
EBITDA Growth %0.5%-0.13%0.14%-0.71%-0.29%-0.91%-0.23%-0.6%-0.17%0.2%
D&A (Non-Cash Add-back)13.39M16.14M17.8M18.67M20.41M24.58M12.75M20.72M38.53M43.55M
EBIT113.22M-52.85M-53.94M-92.06M-127.62M-169.74M-197.2M-320.14M-364.78M-309.33M
Net Interest Income+7.75M-759K-1.19M-4.31M-8.77M-14.05M-17.69M-4.74M10.43M6.63M
Interest Income7.75M3.98M3.23M5.5M10.05M5M1.99M6.28M21.77M17.82M
Interest Expense04.73M4.42M9.81M18.83M19.05M19.68M11.01M11.33M11.18M
Other Income/Expense156.22M-23.86M-30.19M-21.83M-46.64M-12.63M-17.46M-11.34M12.03M3.32M
Pretax Income+105.47M-57.58M-58.36M-101.87M-146.45M-188.79M-216.88M-331.15M-376.11M-320.51M
Pretax Margin %1.06%-0.43%-0.38%-0.62%-0.84%-0.95%-1.65%-3.03%-2.59%-1.37%
Income Tax+-11.77M-9.68M1.37M811K-21K-19.36M409K313K223K120K
Effective Tax Rate %1.11%0.83%1.02%1.01%1%0.9%0.83%0.84%0.3%1%
Net Income+117.24M-47.9M-59.73M-102.68M-146.43M-169.43M-180.09M-278.48M-111.4M-321.55M
Net Margin %1.17%-0.36%-0.39%-0.63%-0.84%-0.85%-1.37%-2.54%-0.77%-1.38%
Net Income Growth %2.06%-1.41%-0.25%-0.72%-0.43%-0.16%-0.06%-0.55%0.6%-1.89%
Net Income (Continuing)117.24M-47.9M-59.73M-102.68M-146.43M-169.43M-217.29M-331.47M-376.33M-320.63M
Discontinued Operations00000037.2M52.99M264.93M-915K
Minority Interest0000000000
EPS (Diluted)+3.17-1.25-1.54-2.54-3.46-3.56-3.01-4.37-1.50-4.08
EPS Growth %1.72%-1.39%-0.23%-0.65%-0.36%-0.03%0.15%-0.45%0.66%-1.72%
EPS (Basic)3.49-1.29-1.54-2.54-3.46-3.56-3.01-4.37-1.50-4.08
Diluted Shares Outstanding37.58M38.29M38.77M40.43M42.34M47.54M59.83M63.76M74.27M78.89M
Basic Shares Outstanding33.56M37M38.77M40.42M42.34M47.54M59.83M63.76M74.27M78.89M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+301.93M332.35M325.81M495.68M429.06M410.41M582.83M486.44M616.77M416.7M
Cash & Short-Term Investments229.6M255.87M300.63M471.54M398.52M361.59M552.88M450.25M566.85M370.7M
Cash Only37.8M41M99.39M102.87M62.44M84.77M165.75M61.69M58.18M58.53M
Short-Term Investments191.8M214.87M201.24M368.67M336.09M276.82M387.13M388.56M508.68M312.17M
Accounts Receivable59.31M65.36M13.87M14.49M18.05M33.07M15.91M16.65M21.18M27.12M
Days Sales Outstanding216.7178.5832.6832.237.5760.8644.0655.5153.2342.45
Inventory2.54M2.83M5.35M5.62M6.08M7.61M7.31M4.52M9.41M6.2M
Days Inventory Outstanding423.63226.5541.78371.08424.14453.3699.12373.51299.97292.23
Other Current Assets2.38M4.83M5.95M2.31M5.01M0247K15.02M19.34M12.69M
Total Non-Current Assets+210.47M192.93M194.54M213.48M175.74M197.03M193.77M186.19M172.14M177.42M
Property, Plant & Equipment428K2.59M3.23M3.15M9.89M9.42M34.3M30.05M25.54M19.63M
Fixed Asset Turnover233.39x51.64x47.97x52.21x17.74x21.06x3.84x3.64x5.69x11.88x
Goodwill936K936K936K936K936K936K900K800K753K753K
Intangible Assets161.54M182.04M184.82M186.69M157.2M153.19M147.5M96.32M103.69M103.22M
Long-Term Investments21.25M-6.42M-16.81M15M000000
Other Non-Current Assets2M7.36M5.56M-25M7.71M33.49M11.07M59.03M42.16M53.82M
Total Assets+512.4M525.28M520.35M709.16M604.8M607.44M776.63M672.59M788.91M594.13M
Asset Turnover0.19x0.25x0.30x0.23x0.29x0.33x0.17x0.16x0.18x0.39x
Asset Growth %2.78%0.03%-0.01%0.36%-0.15%0%0.28%-0.13%0.17%-0.25%
Total Current Liabilities+85.8M83.26M85.67M104.62M95.45M92.66M124.09M142.16M177.91M200.75M
Accounts Payable7.64M7.52M18.94M6.95M26.61M12.13M15.14M17.29M41.67M23.53M
Days Payables Outstanding1.28K602.881.92K459.241.86K722.911.45K1.43K1.33K1.11K
Short-Term Debt00022.46M2.61M000068.68M
Deferred Revenue (Current)0001000K001000K1000K1000K1000K
Other Current Liabilities72.2M68.3M58.98M64.76M52.18M62.26M39.59M47.99M94.32M100.32M
Current Ratio3.52x3.99x3.80x4.74x4.50x4.43x4.70x3.42x3.47x2.08x
Quick Ratio3.49x3.96x3.74x4.68x4.43x4.35x4.64x3.39x3.41x2.04x
Cash Conversion Cycle-635.74-197.81-1.34K-55.96-1.39K-208.75-704.58-998.78-975.31-774.56
Total Non-Current Liabilities+126.63M134.25M141.54M286.29M288.15M303.57M350.43M487.57M410.19M334.3M
Long-Term Debt43.77M44.42M45.08M195.09M204.86M215.34M226.58M375.55M377.26M310.31M
Capital Lease Obligations00007.39M28.34M31.5M27.51M22.61M17.19M
Deferred Tax Liabilities24.33M6.42M16.81M32.71M000000
Other Non-Current Liabilities81.55M83.41M96.47M91.19M75.9M59.89M71.98M73.58M8.48M6.8M
Total Liabilities212.43M217.51M227.21M390.91M383.6M396.23M474.52M629.73M588.1M535.05M
Total Debt+43.9M44.42M45.08M217.55M214.87M244.03M261.99M407.49M404.78M401.58M
Net Debt6.1M3.42M-54.32M114.67M152.43M159.26M96.23M345.8M346.61M343.05M
Debt / Equity0.15x0.14x0.15x0.68x0.97x1.16x0.87x9.51x2.02x6.80x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage--12.30x-12.16x-8.16x-5.30x-9.25x-10.13x-29.04x-34.25x-28.96x
Total Equity+299.97M307.77M293.13M318.25M221.2M211.21M302.11M42.85M200.81M59.08M
Equity Growth %9.05%0.03%-0.05%0.09%-0.3%-0.05%0.43%-0.86%3.69%-0.71%
Book Value per Share7.988.047.567.875.224.445.050.672.700.75
Total Shareholders' Equity299.97M307.77M293.13M318.25M221.2M211.21M302.11M42.85M200.81M59.08M
Common Stock4K4K4K4K4K5K6K6K7K9K
Retained Earnings-65.15M-113.06M-177.66M-270.02M-416.44M-585.88M-765.97M-1.01B-1.13B-1.45B
Treasury Stock0000000000
Accumulated OCI-682K-490K-1.01M-1.53M726K-902K-562K-2.91M-1.46M-80K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-554K-1.6M7.4M-24.96M-58.21M-42.74M-14.79M-186.29M-280.02M-237.47M
Operating CF Margin %-0.01%-0.01%0.05%-0.15%-0.33%-0.22%-0.11%-1.7%-1.93%-1.02%
Operating CF Growth %0.99%-1.88%5.64%-4.37%-1.33%0.27%0.65%-11.59%-0.5%0.15%
Net Income117.24M-47.9M-59.73M-102.68M-146.43M-169.43M-217.29M-331.47M-376.33M-320.63M
Depreciation & Amortization13.39M16.14M17.8M18.67M20.41M24.58M12.75M20.72M38.53M43.55M
Stock-Based Compensation25.9M29.1M26.87M19.77M21.11M23.61M29.57M38.14M44.25M36.91M
Deferred Taxes-15.57M-22.66M-6.42M20.34M01.99M0000
Other Non-Cash Items-130.14M18.26M25.07M7.86M44.08M102.54M79.41M85.44M39.01M65.71M
Working Capital Changes-11.37M5.47M3.81M11.07M2.62M-26.04M80.78M875K-25.48M-63.02M
Change in Receivables-4.5M-6.09M4.95M152K-4.63M2.3M17.95M-1.43M-11.3M-6.04M
Change in Inventory-1.17M-306K-1.71M-2.77M-1.96M-5.07M117K-1.21M-39.42M-3.77M
Change in Payables3.38M9.67M2.66M-2.71M9.26M-6.04M2.47M2.06M24.76M-17.56M
Cash from Investing+-80.6M10.37M45.6M-203.29M19.86M-61.33M-137.62M-32.55M55.78M99.33M
Capital Expenditures-7.03M-11.92M-14.01M-19.7M-195K-119.84M-5.1M-191K-668K0
CapEx % of Revenue0.07%0.09%0.09%0.12%0%0.6%0.04%0%0%0.43%
Acquisitions----------
Investments----------
Other Investing148.41M47.38M60.62M-202.56M-15.37M-113.08M-19.05M-28.97M165.81M-101.25M
Cash from Financing+100.77M-5.69M5.45M231.86M-2.08M127.71M231.68M117.57M218.75M139.42M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-2.88M-5.69M5.45M-3.93M-2.08M-3.81M6.75M-6.9M27.55M4.68M
Net Change in Cash----------
Free Cash Flow+-7.58M-13.52M-6.61M-44.66M-73.78M-162.59M-38.94M-214.66M-321.61M-338.69M
FCF Margin %-0.08%-0.1%-0.04%-0.27%-0.42%-0.82%-0.3%-1.96%-2.21%-1.45%
FCF Growth %0.85%-0.78%0.51%-5.76%-0.65%-1.2%0.76%-4.51%-0.5%-0.05%
FCF per Share-0.20-0.35-0.17-1.10-1.74-3.42-0.65-3.37-4.33-4.29
FCF Conversion (FCF/Net Income)-0.00x0.03x-0.12x0.24x0.40x0.25x0.08x0.67x2.51x0.74x
Interest Paid5.84M2.07M2.07M1.88M7.67M07.33M10.16M8.84M0
Taxes Paid9.61M7.93M7.17M218K656K016.42M000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)89.25%-15.76%-19.88%-33.59%-54.29%-78.37%-70.17%-161.46%-91.44%-247.45%
Return on Invested Capital (ROIC)-22.76%-14.15%-14.67%-17.87%-18.56%-35.51%-38.91%-60.96%-62.2%-51.16%
Gross Margin97.81%96.59%97.67%96.63%97.01%96.91%97.1%95.96%92.12%96.68%
Net Margin117.36%-35.86%-38.55%-62.51%-83.51%-85.43%-136.6%-254.41%-76.7%-137.9%
Debt / Equity0.15x0.14x0.15x0.68x0.97x1.16x0.87x9.51x2.02x6.80x
Interest Coverage--12.30x-12.16x-8.16x-5.30x-9.25x-10.13x-29.04x-34.25x-28.96x
FCF Conversion-0.00x0.03x-0.12x0.24x0.40x0.25x0.08x0.67x2.51x0.74x
Revenue Growth254.19%33.74%15.98%6.01%6.75%13.11%-33.52%-16.97%32.69%60.55%

Revenue by Segment

20172018201920202021202220232024
License------17.7M6.47M
License Growth--------63.46%
Royalty-------600K
Royalty Growth--------
Active Pharmaceutical Ingredient------3.3M-
Active Pharmaceutical Ingredient Growth--------
Product----210.78M200.53M--
Product Growth------4.86%--
Bile Acid Products72.63M75.07M79.7M89.44M95.65M102.56M--
Bile Acid Products Growth-3.37%6.17%12.22%6.95%7.22%--
Tiopronin Products---108.88M115.12M97.97M--
Tiopronin Products Growth----5.73%-14.90%--
Thiola License82.31M89.18M95.64M-----
Thiola License Growth-8.34%7.25%-----

Frequently Asked Questions

Growth & Financials

Travere Therapeutics, Inc. (TVTX) reported $435.8M in revenue for fiscal year 2024.

Travere Therapeutics, Inc. (TVTX) grew revenue by 60.5% over the past year. This is strong growth.

Travere Therapeutics, Inc. (TVTX) reported a net loss of $88.5M for fiscal year 2024.

Dividend & Returns

Travere Therapeutics, Inc. (TVTX) has a return on equity (ROE) of -247.4%. Negative ROE indicates the company is unprofitable.

Travere Therapeutics, Inc. (TVTX) had negative free cash flow of $80.3M in fiscal year 2024, likely due to heavy capital investments.

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