Sarepta Therapeutics Inc
NASDAQ:SRPT

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Sarepta Therapeutics Inc Logo
Sarepta Therapeutics Inc
NASDAQ:SRPT
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Price: 21.31 USD -0.98% Market Closed
Market Cap: 2.2B USD

Sarepta Therapeutics Inc
Investor Relations

Sarepta Therapeutics Inc. is a company firmly rooted in the ambitious quest to change the lives of those grappling with rare genetic disorders, particularly focusing on Duchenne muscular dystrophy (DMD). The scientists and innovators at Sarepta are driven by their expertise in genetic medicine, utilizing cutting-edge technologies such as exon skipping, gene therapy, and RNA-targeted therapeutics to develop treatments that combat the underlying causes of these debilitating diseases. The company's journey is underscored by its commitment to not only advancing science but also accelerating the delivery of hope to patients and families affected by these life-limiting conditions.

Central to Sarepta's business model is the commercialization of its approved therapies, alongside an expansive pipeline of potential treatments still in various stages of research and development. By prioritizing strategic partnerships and leveraging their robust intellectual property portfolio, Sarepta translates pioneering science into tangible healthcare solutions. Revenue is chiefly generated through the sales of its FDA-approved DMD treatments, capturing a market niche due to the lack of viable alternatives. As Sarepta looks toward future horizons, the company remains steadfast in its mission to scale new heights in genetic medicine, aiming to redefine the standard of care for rare neuromuscular diseases worldwide.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 3, 2025
AI Summary
Q3 2025

Q3 Revenue: Sarepta posted total revenue of $399 million for Q3, with $370 million in net product revenue, despite disruptions from a pause in ELEVIDYS shipments.

ESSENCE Study: The confirmatory ESSENCE trial for VYONDYS and AMONDYS missed its primary endpoint for statistical significance, but showed consistent and clinically meaningful trends favoring treatment, especially in COVID-free and high-risk subgroups.

Regulatory Path: Management believes real-world and ESSENCE trial data support continuing and possibly upgrading marketing authorization for VYONDYS and AMONDYS from accelerated to traditional approval.

ELEVIDYS Guidance: ELEVIDYS revenue guidance reiterated, with management confident the ambulant population alone represents a $500 million annual revenue floor.

Financial Actions: Sarepta improved liquidity, reduced 2027 debt maturities, and cut planned expenses by nearly $300 million, reporting positive cash flow and increased cash/investments.

Pipeline Progress: siRNA pipeline advancing, with DM1 and FSHD trials enrolling and initial data now expected in Q1 2026; LGMD Type 2E program is progressing after positive Phase III emerging data.

Short-term Outlook: Q4 ELEVIDYS infusion volumes expected to be flat or slightly down due to the earlier shipment pause and seasonal factors, but long-term demand outlook remains strong.

Key Financials
Total Revenue
$399 million
Net Product Revenue
$370 million
ELEVIDYS Net Product Revenue
$131 million
PMO Net Product Revenue
$239 million
Cash and Investments
$865 million
Cost of Sales
$151 million
Restructuring Charge
$41 million
R&D Expenses
$219 million
SG&A Expenses
$92 million
Operating Loss
$103 million
Non-GAAP Operating Loss
$36 million
Q4 Non-GAAP R&D and SG&A Expense Guidance
$420–430 million
Full-Year Non-GAAP R&D and SG&A Expense Guidance
$1.86 billion
Underlying Expense Guidance (Ex-Arrowhead)
$976 million
ELEVIDYS Infusions
Greater than 1,100 patients treated
PMO Patient Adherence Rate
over 90%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Douglas S. Ingram Esq.
President, CEO & Director
No Bio Available
Mr. Ian Michael Estepan
Executive VP & CFO
No Bio Available
Mr. Bilal Arif
Executive VP & Chief Technical Operations Officer
No Bio Available
Ms. Francesca T. Nolan
Executive Director of Investor Relations and Corporate Communications
No Bio Available
Ms. Alison Nasisi
Executive VP & Chief People Officer
No Bio Available
Dr. Diane L. Berry Ph.D.
Executive VP and Chief of Global Policy & Advocacy Officer
No Bio Available
Mr. Dallan Murray
Executive VP & Chief Customer Officer
No Bio Available
Mr. Will Tilton
Senior VP, Head of Strategy & Chief of Staff
No Bio Available
Mary Jenkins
Senior Manager of Investor Relations
No Bio Available

Contacts

Address
MASSACHUSETTS
Cambridge
215 1st St Ste 415
Contacts
+16172744000.0
www.sarepta.com