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BFRI logoBiofrontera Inc.(BFRI)Earnings, Financials & Key Ratios

BFRI•NASDAQ
Price updated Jun 19, 2026
SectorHealthcareIndustrySpecialty & Generic PharmaSub-IndustryTherapy-focused branded biopharma
AboutBiofrontera Inc., a biopharmaceutical company, engages in the commercialization of pharmaceutical products for the treatment of dermatological conditions in the United States. The company offers Ameluz, which is a prescription drug approved for use in combination with the company's licensor's medical device; and the RhodoLED lamp series for photodynamic therapy for the lesion-directed and field-directed treatment of actinic keratosis of mild-to-moderate severity on the face and scalp. It also Xepi, a prescription cream for the treatment of impetigo. The company was incorporated in 2015 and is headquartered in Woburn, Massachusetts.Show more
  • Revenue$42M+11.8%
  • EBITDA-$8M+48.4%
  • Net Income-$11M+40.7%
  • EPS (Diluted)-0.90+72.0%
  • Gross Margin78.65%+56.9%
  • EBITDA Margin-19.85%+53.9%
  • Operating Margin-21.93%+52.5%
  • Net Margin-25.26%+46.9%
  • ROE-141.3%+63.3%

BFRI Key Insights

Biofrontera Inc. (BFRI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 17.2%
  • ✓Trading at only 1.1x book value
  • ✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Shares diluted 100.0% in last year

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

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BFRI Price & Volume

Biofrontera Inc. (BFRI) stock price & volume — 10-year historical chart

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BFRI Growth Metrics

Biofrontera Inc. (BFRI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years17.21%
3 Years13.3%
TTM13.7%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM3.82%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM43.45%

Return on Capital

10 Years-90.56%
5 Years-98.77%
3 Years-118.34%
Last Year-68.4%

BFRI Recent Earnings

Biofrontera Inc. (BFRI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 14, 2026
Metric
Actual
Est
EPS
$0.41-256.5%
$0.12
Rev
$10M-1.6%
$10M
Q2 2026
Mar 19, 2026
Metric
Actual
Est
EPS
$0.50+72.4%
$0.29
Rev
$17M+5.9%
$16M
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$0.59+1.7%
$0.60
Rev
$7M-56.7%
$16M
Q3 2025
Aug 13, 2025
Metric
Actual
Est
EPS
$0.57-26.7%
$0.45
Rev
$9M-5.4%
$10M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 14, 2026
$0.41vs $0.12-256.5%
$10Mvs $10M-1.6%
Q2 2026Mar 19, 2026
$0.50vs $0.29+72.4%
$17Mvs $16M+5.9%
Q4 2025Nov 12, 2025
$0.59vs $0.60+1.7%
$7Mvs $16M-56.7%
Q3 2025Aug 13, 2025
$0.57vs $0.45-26.7%
$9Mvs $10M-5.4%
Based on last 12 quarters of dataView full earnings history →

BFRI Peer Comparison

Biofrontera Inc. (BFRI) competitors in Therapy-focused branded biopharma — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
DERM logoDERMJourney Medical CorporationDirect Competitor171.19M6.22-13.2310.2%-14.82%-35.57%0.00
PRGO logoPRGOPerrigo Company plcDirect Competitor1.42B10.25-1.00-2.75%-43.5%-50.65%1.35
NVCR logoNVCRNovoCure LimitedDirect Competitor1.62B14.28-11.708.28%-25.66%-50.82%0.85
GDRX logoGDRXGoodRx Holdings, Inc.Product Competitor922.03M2.6631.180.57%3.74%4.75%0.10
SKIN logoSKINThe Beauty Health CompanyProduct Competitor85.9M0.66-4.14-10.02%-2.03%-9.41%6.20
INVA logoINVAInnoviva, Inc.Product Competitor1.66B22.496.8218.52%118.91%47.59%0.23
MCK logoMCKMcKesson CorporationSupply Chain90.23B750.6319.5612.36%1.18%
CAH logoCAHCardinal Health, Inc.Supply Chain52.19B221.7734.38-1.87%0.62%

Compare BFRI vs Peers

Biofrontera Inc. (BFRI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DERM

Most directly comparable listed peer for BFRI.

Scale Benchmark

vs MCK

Larger-name benchmark to compare BFRI against a more recognizable public peer.

Peer Set

Compare Top 5

vs DERM, PRGO, NVCR, GDRX

BFRI Income Statement

Biofrontera Inc. (BFRI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
26.18M18.85M24.1M28.67M34.07M37.3M41.7M43.2M
Revenue Growth %
--28.01%27.86%18.98%18.82%9.49%11.8%13.7%
Cost of Goods Sold
12.41M9.07M12.74M15.19M17.44M18.61M8.9M7.44M
COGS % of Revenue
47.39%48.1%52.87%52.96%51.2%49.88%21.35%-
Gross Profit
13.77M▲ 0%
9.78M▼ 29.0%
11.36M▲ 16.1%
13.49M▲ 18.8%
16.63M▲ 23.3%
18.7M▲ 12.4%
32.8M▲ 75.5%
35.77M▲ 0%
Gross Margin %
52.61%51.9%47.13%47.04%48.8%50.12%78.65%82.79%
Gross Profit Growth %
--28.97%16.1%18.76%23.26%12.44%75.45%-
Operating Expenses
28.7M19.39M36.56M32.07M39.3M35.92M41.95M44.69M
OpEx % of Revenue
109.6%102.86%151.7%111.84%115.36%96.3%100.59%-
Selling, General & Admin
28.7M18.12M37.21M35.87M39.13M33.84M38.13M40.63M
SG&A % of Revenue
109.6%96.12%154.39%125.1%114.84%90.7%91.43%-
Research & Development
000077K2.09M3.72M3.37M
R&D % of Revenue
----0.23%5.6%8.92%-
Other Operating Expenses
01.27M-650K-3.8M100K0100K679K
Operating Income
-14.92M▲ 0%
-9.61M▲ 35.6%
-25.2M▼ 162.3%
-18.58M▲ 26.3%
-22.68M▼ 22.0%
-17.21M▲ 24.1%
-9.15M▲ 46.8%
-8.92M▲ 0%
Operating Margin %
-57%-50.96%-104.57%-64.8%-66.56%-46.14%-21.93%-20.64%
Operating Income Growth %
-35.63%-162.35%26.27%-22.04%24.11%46.84%-
EBITDA
-14.26M-9.04M-24.66M-17.41M-21.61M-16.06M-8.28M-8.27M
EBITDA Margin %
-54.45%-47.98%-102.33%-60.71%-63.44%-43.06%-19.85%-19.14%
EBITDA Growth %
-36.56%-172.68%29.41%-24.15%25.69%48.45%45.7%
D&A (Non-Cash Add-back)
667K562K540K1.17M1.06M1.15M868K649K
EBIT
-8.79M-8.03M-37.3M-238K-19.52M-15.63M-9.15M-8.92M
Net Interest Income
-2.13M-2.87M-344K-195K-468K-2.08M-452K-221K
Interest Income
25K28K16K175K132K30K00
Interest Expense
2.16M2.9M360K370K600K2.11M452K221K
Other Income/Expense
3.97M-1.32M-12.46M17.97M2.56M-527K-1.36M-2.14M
Pretax Income
-10.95M▲ 0%
-10.92M▲ 0.2%
-37.66M▼ 244.7%
-608K▲ 98.4%
-20.12M▼ 3208.7%
-17.74M▲ 11.8%
-10.51M▲ 40.7%
-11.06M▲ 0%
Pretax Margin %
-41.82%-57.95%-156.25%-2.12%-59.04%-47.55%-25.2%-25.6%
Income Tax
33K64K56K32K14K22K25K27K
Effective Tax Rate %
-0.3%-0.59%-0.15%-5.26%-0.07%-0.12%-0.24%-0.24%
Net Income
-10.98M▲ 0%
-10.99M▼ 0.0%
-37.71M▼ 243.3%
-640K▲ 98.3%
-20.13M▼ 3045.5%
-17.76M▲ 11.8%
-10.54M▲ 40.7%
-11.09M▲ 0%
Net Margin %
-41.95%-58.29%-156.49%-2.23%-59.09%-47.61%-25.26%-25.66%
Net Income Growth %
--0.05%-243.25%98.3%-3045.47%11.78%40.67%3.82%
Net Income (Continuing)
-10.98M-10.99M-37.71M-640K-20.13M-17.76M-10.54M-11.09M
Discontinued Operations
00000000
Minority Interest
00000000
EPS (Diluted)
-18.09▲ 0%
-18.94▼ 4.7%
-44.10▼ 132.8%
-0.61▲ 98.6%
-13.02▼ 2034.4%
-3.22▲ 75.3%
-0.90▲ 72.0%
-0.95▲ 0%
EPS Growth %
--4.7%-132.84%98.62%-2034.43%75.27%72.05%43.45%
EPS (Basic)
-18.09-18.94-44.10-0.61-13.02-3.22-1.04-
Diluted Shares Outstanding
607K580K855.24K1.06M1.55M5.52M11.65M11.68M
Basic Shares Outstanding
607K580K855.24K1.06M1.55M5.52M10.17M11.68M
Dividend Payout Ratio
--------

BFRI Balance Sheet

Biofrontera Inc. (BFRI) balance sheet — assets, liabilities & shareholders' equity

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
23.47M19.58M46.42M43.14M23.07M20.7M18.08M13.16M
Cash & Short-Term Investments
7.3M8.08M24.55M27.76M1.42M5.91M6.39M6.32M
Cash Only
7.3M8.08M24.55M17.21M1.34M5.91M6.39M6.32M
Short-Term Investments
00010.55M78K7K9K0
Accounts Receivable
4.79M3.29M3.78M7.41M5.16M5.32M7.29M3.88M
Days Sales Outstanding
66.7263.6957.3194.2755.352.0163.8138.27
Inventory
10.48M7.09M4.46M7.17M10.91M6.65M1.43M1.23M
Days Inventory Outstanding
308.29285.49127.7172.3228.24130.3758.47135.16
Other Current Assets
186K619K12.81M286K5.28M2.83M2.97M1.73M
Total Non-Current Assets
5.28M4.56M6.8M7.74M4.86M1.4M10.48M11.63M
Property, Plant & Equipment
503K370K267K1.58M1.75M983K3.74M5.07M
Fixed Asset Turnover
52.05x50.94x90.26x18.16x19.51x37.95x11.15x17.13x
Goodwill
00000000
Intangible Assets
4.29M3.87M3.45M3.03M2.63M35K2.65M2.61M
Long-Term Investments
002.81M000200K200K
Other Non-Current Assets
494K323K3.08M3.13M482K383K3.89M3.95M
Total Assets
28.75M▲ 0%
24.14M▼ 16.0%
53.22M▲ 120.5%
50.88M▼ 4.4%
27.93M▼ 45.1%
22.1M▼ 20.9%
28.56M▲ 29.2%
24.79M▲ 0%
Asset Turnover
0.91x0.78x0.45x0.56x1.22x1.69x1.46x1.94x
Asset Growth %
--16.05%120.48%-4.39%-45.11%-20.88%29.24%55.29%
Total Current Liabilities
11.74M4.42M13.84M20.89M18.09M12.02M11.89M10.92M
Accounts Payable
7.81M1.51M658K1.28M8.91M1.86M6.67M3.63M
Days Payables Outstanding
229.8660.9518.8530.72186.3536.41273.32231.65
Short-Term Debt
00003.9M0332K506K
Deferred Revenue (Current)
003.24M6.94M0000
Other Current Liabilities
1.88M569K6.7M3.3M3.02M1.05M4.9M6.78M
Current Ratio
2.00x4.43x3.36x2.06x1.28x1.72x1.52x1.20x
Quick Ratio
1.11x2.82x3.03x1.72x0.67x1.17x1.40x1.09x
Cash Conversion Cycle
145.15288.22166.16235.8597.19145.97-151.04-58.22
Total Non-Current Liabilities
47.19M13.89M28.05M6.11M5.05M5.65M6.19M7.79M
Long-Term Debt
38.2M00004.1M5.83M7.22M
Capital Lease Obligations
000848K804K276K0223K
Deferred Tax Liabilities
00000000
Other Non-Current Liabilities
58K62K18.5M2.86M4.25M1.27M360K576K
Total Liabilities
58.93M18.31M41.88M27.01M23.14M17.67M18.08M18.72M
Total Debt
38.2M001.35M5.4M4.92M6.16M7.72M
Net Debt
30.9M-8.08M-24.55M-15.86M4.06M-983K-231K1.41M
Debt / Equity
---0.06x1.13x1.11x0.59x1.27x
Debt / EBITDA
--------0.93x
Net Debt / EBITDA
--------0.17x
Interest Coverage
-4.07x-2.77x-103.60x-0.64x-32.53x-7.42x-20.24x-40.36x
Total Equity
-30.18M▲ 0%
5.83M▲ 119.3%
11.34M▲ 94.5%
23.88M▲ 110.6%
4.79M▼ 79.9%
4.43M▼ 7.5%
10.48M▲ 136.4%
6.07M▲ 0%
Equity Growth %
-119.31%94.54%110.6%-79.93%-7.51%136.41%1041.2%
Book Value per Share
-49.7210.0513.2622.593.100.800.900.52
Total Shareholders' Equity
-30.18M5.83M11.34M23.88M4.79M4.43M10.48M6.07M
Common Stock
08K17K1K2K9K12K12K
Retained Earnings
-30.18M-41.17M-78.88M-79.52M-99.65M-117.41M-127.94M-132.7M
Treasury Stock
00000000
Accumulated OCI
00000000
Minority Interest
00000000

BFRI Cash Flow Statement

Biofrontera Inc. (BFRI) cash flow — operating, investing & free cash flow history

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-37.68M-12.37M-26.71M-16.2M-24.89M-10.27M-13.36M-9.31M
Operating CF Margin %
-143.91%-65.62%-110.85%-56.49%-73.07%-27.53%-32.04%-
Operating CF Growth %
-67.17%-115.98%39.36%-53.68%58.75%-30.1%-216.31%
Net Income
-10.98M-10.99M-37.71M-640K-20.13M-17.76M-10.54M-11.09M
Depreciation & Amortization
667K562K540K1.17M1.06M1.15M138K122K
Stock-Based Compensation
00129K1.85M1.04M1.02M951K712K
Deferred Taxes
00000000
Other Non-Cash Items
-3.42M883K11.83M-21.37M-2.48M-891K-430K720K
Working Capital Changes
-23.94M-2.83M-1.5M2.79M-4.39M6.21M-3.48M217K
Change in Receivables
-757K1.17M-12M4.92M4.93M-313K-1.91M177K
Change in Inventory
-3.54M-273K2.59M-2.81M-3.75M4.23M1.45M1.63M
Change in Payables
1.44M-3.4M-773K06.42M-1.81M-535K-1M
Cash from Investing
25.39M0-11K-5.16M619K-3K3M3M
Capital Expenditures
-538K0-11K-38K-5K-10K-2K-4K
CapEx % of Revenue
2.05%-0.05%0.13%0.01%0.03%0%0.01%
Acquisitions
25.93M000003M3M
Investments
--------
Other Investing
00000-50K00
Cash from Financing
16.4M13.19M43.19M14.02M8.41M14.84M10.85M10.85M
Debt Issued (Net)
13.5M8.79M003.9M-265K10.85M10.85M
Equity Issued (Net)
0029.94M9.39M4.51M7.66M10.85M0
Dividends Paid
00000000
Share Repurchases
00000000
Other Financing
2.9M4.4M13.25M4.63M07.44M-10.85M0
Net Change in Cash
4.12M▲ 0%
825K▼ 80.0%
16.46M▲ 1895.8%
-7.33M▼ 144.5%
-15.87M▼ 116.3%
4.56M▲ 128.8%
487K▼ 89.3%
4.53M▲ 0%
Free Cash Flow
-38.22M▲ 0%
-12.37M▲ 67.6%
-26.73M▼ 116.1%
-16.24M▲ 39.2%
-24.9M▼ 53.4%
-10.33M▲ 58.5%
-13.36M▼ 29.4%
-9.32M▲ 0%
FCF Margin %
-145.96%-65.62%-110.9%-56.63%-73.08%-27.69%-32.04%-21.57%
FCF Growth %
-67.63%-116.07%39.25%-53.35%58.51%-29.36%15.81%
FCF per Share
-62.96-21.33-31.25-15.36-16.10-1.87-1.15-0.80
FCF Conversion (FCF/Net Income)
3.43x1.13x0.71x25.31x1.24x0.58x1.27x0.84x
Interest Paid
1.71M3.07M2K1K147K1.73M03K
Taxes Paid
50K64K56K32K15K24K00

BFRI Key Ratios

Biofrontera Inc. (BFRI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)
-188.52%-439.39%-3.63%-140.43%-384.98%-141.3%-476.72%
Return on Invested Capital (ROIC)
---173.85%-201.69%-209.9%-100.17%-274.99%
Gross Margin
51.9%47.13%47.04%48.8%50.12%78.65%82.79%
Net Margin
-58.29%-156.49%-2.23%-59.09%-47.61%-25.26%-25.66%
Debt / Equity
--0.06x1.13x1.11x0.59x1.27x
Interest Coverage
-2.77x-103.60x-0.64x-32.53x-7.42x-20.24x-40.36x
FCF Conversion
1.13x0.71x25.31x1.24x0.58x1.27x0.84x
Revenue Growth
-28.01%27.86%18.98%18.82%9.49%11.8%13.7%
Related:BFRI Dividend History·BFRI Revenue History·BFRI Price History·BFRI P/E History·BFRI Financial Ratios·BFRI Institutional Holders

BFRI SEC Filings & Documents

Biofrontera Inc. (BFRI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 14, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Mar 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 19, 2026·SEC

FY 2025

Mar 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 14, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 13, 2025·SEC

BFRI Frequently Asked Questions

Biofrontera Inc. (BFRI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Biofrontera Inc. (BFRI) reported $43.2M in revenue for fiscal year 2025. This represents a 65% increase from $26.2M in 2019.

Biofrontera Inc. (BFRI) grew revenue by 11.8% over the past year. This is steady growth.

Biofrontera Inc. (BFRI) reported a net loss of $11.1M for fiscal year 2025.

Dividend & Returns

Biofrontera Inc. (BFRI) has a return on equity (ROE) of -141.3%. Negative ROE indicates the company is unprofitable.

Biofrontera Inc. (BFRI) had negative free cash flow of $9.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in BFRI back in 2019?

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