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TG Therapeutics, Inc. (TGTX)

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TG Therapeutics, Inc. (TGTX) reported revenue of $240 million for Q2 FY2026, the quarter ended 30 June 2026, up 70.3% on the same quarter a year earlier. Net income was $8 million, down 72.4% on the year, and diluted earnings per share $0.05. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$240 millionup 70.3%
Net income$8 milliondown 72.4%
Diluted EPS$0.05
QuarterQ2 FY2026ended 30 June 2026

TG Therapeutics (TGTX) in brief

TG Therapeutics (TGTX) reported revenue of $616 million for fiscal 2025, the year ended 31 December 2025, up 87.3% on the year before.
Read moreNet income was $447 million and diluted earnings per share $2.77. Revenue was $329 million in fiscal 2024, $234 million in fiscal 2023, $3 million in fiscal 2022 and $7 million in fiscal 2021. Net income in the same years was $23 million, $13 million, a loss of $224 million and a loss of $348 million. Over the twelve months to 30 June 2026, TG Therapeutics reported revenue of $800 million and net income of $441 million. Revenue grew 426.7% a year, compounded, over the five years to fiscal 2025. TG Therapeutics had 153 million shares outstanding at the latest filed count. At 30 June 2026 it carried $745 million of debt and $483 million of cash. At the close of 9 October 2026 the market cap of TG Therapeutics was $8.5 billion, 20.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE73.1%
ROCE10.1%
Operating margin17.1%
Net margin55.2%
FCF margin2.2%
Interest cover3.64
Debt to equity1.23
Cash conversion0.04
Share count, 1 year-3.1%
Sales CAGR, 3 years504.9%
Profit CAGR, 3 yearsn/a
EPS, TTM$2.74

At the close of 9 October 2026

Price$55.37
Market cap$8.5 billion
Stock P/E20.21
Price to book14.03
EV / EBITDA64.04
Dividend yieldn/a
Market cap / sales10.60
52-week high$59.06
52-week low$26.94
Price, 1 year58.3%
Price CAGR, 3 years95.5%
Price CAGR, 5 years11.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as TG Therapeutics, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
TGTXgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TGTX

Filings14 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 other events; 1 shareholder vote; 1 material agreement; 1 new financial obligation
Planned insider sales2 Form 144 notices in twelve months, $437,644; latest 10 September 2026
Options tapeput/call 0.34 by open interest at the 9 October 2026 close; the straddle prices a 5.5% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest30.6 million shares short, 15.03 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue16644.063.573.583.9108121141162193205240
Cost of revenue3.57.95.48.39.315.415.518.928.138.133.541.2
Gross profit16236.158.065.274.592.8105122134154171199
Gross margin98%82%91%89%89%86%87%87%83%80%84%83%
R&D14.817.432.717.620.123.946.431.840.941.248.495.3
SG&A32.831.234.638.842.039.050.355.663.462.788.282.1
Operating income115-12.5-9.38.812.429.98.634.829.450.534.821.7
Operating margin69%-28%-15%12%15%28%7%25%18%26%17%9%
Interest expense3.72.42.34.010.86.96.86.76.76.57.716.6
Pre-tax income114-14.0-10.76.64.325.55.530.925.945.120.410.2
Tax rate0%n/an/a-5%9%8%7%9%-1409%49%3%24%
Net income114-14.4-10.76.93.923.35.128.239123.019.87.8
Net margin69%-33%-17%9%5%22%4%20%242%12%10%3%
Diluted EPS$0.73-$0.09-$0.07$0.04$0.02$0.15$0.03$0.17$2.43$0.14$0.12$0.05
Operating cash flow83.7-13.2-8.25.5-12.2-25.6-28.77.4-23.219.7-17.939.3
Capital expendituren/an/a0.00.00.00.00.00.00.10.10.10.3
Free cash flown/an/a-8.25.5-12.2-25.7-28.77.4-23.219.6-17.939.0
Shares outstanding151m151m155m155m156m156m158m158m155m155m153m153m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue0.20.20.20.20.26.72.8234329616800
Cost of revenuen/an/an/an/an/a0.80.314.138.5101141
Gross profitn/an/an/an/an/a5.92.5220291516659
Gross marginn/an/an/an/an/a88.2%90.5%94.0%88.3%83.7%82.4%
Research and development69.210315915416622312576.294.3160226
Selling, general and administrativen/an/an/a15.010812895.5123154232296
Operating income-79.0-119-174-169-274-345-21820.641.9123136
Operating margin-51953.4%-78099.8%-114736.8%-111220.4%-179996.1%-5154.3%-7839.0%8.8%12.7%20.0%17.1%
Interest expensen/a0.80.95.36.35.610.212.624.026.737.5
Pre-tax income-78.3-0.1-0.2-0.2-0.3-348-22413.125.6107102
Income tax0.00.00.00.00.00.00.00.42.2-340-340
Effective tax raten/an/an/an/an/an/an/a3.0%8.6%-316.4%-334.5%
Net income-78.3-118-173-173-279-348-22412.723.4447441
Net margin-51482.2%-77944.7%-114132.9%-113730.9%-183803.3%-5204.1%-8036.3%5.4%7.1%72.6%55.2%
Diluted EPS-$1.60-$1.91-$2.30-$1.96-$2.42-$2.63-$1.65$0.09$0.15$2.77$2.74
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Product92.031460797.6%
Licensen/a15.39.41.5%
Royalty0.00.85.60.9%
Milestone0.0n/an/a0.0%
License Revenue140n/an/a0.0%
Other Revenue1.5n/an/a0.0%
ProductLicenseRoyaltyMilestoneLicense RevenueOther Revenue
234FY2023330FY2024622FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow-61.6-93.8-129-133-215-296-176-31.4-40.5-24.817.9
Capital expenditure0.30.00.10.10.40.40.00.00.00.20.5
Free cash flow-61.9-93.8-129-133-215-296-176-31.4-40.6-25.017.4
Free cash flow margin-40744.1%-61685.5%-84878.3%-87458.6%-141357.9%-4425.7%-6326.2%-13.4%-12.3%-4.1%2.2%
Cash from investingn/a-8.21.2-0.7-24.5-0.3-20.0-50.7-1.013.821.9
Cash from financingn/a13411420468041.4-0.472.7129-89.7314
Depreciation and amortisationn/an/an/a0.30.40.30.30.20.10.10.1
Share-based compensation7.515.912.911.380.361.344.737.942.564.781.1
Diluted shares, weightedn/an/an/an/a115m132m135m149m160m161m157m
Shares outstanding at period end57m73m84m109m141m143m146m151m156m155m153m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity35.967.024.038.651923758.6161222648604
Debt0.00.00.029.029.967.871.1100244246745
Operating lease liabilitiesn/an/a0.010.210.49.810.39.28.17.07.1
Other liabilities18.930.459.685.266.064.953.559.5103163283
Total liabilities and equity54.897.483.61636263801943305781,0631,640
Owned
Fixed assets0.30.20.30.30.50.60.30.1n/an/an/a
Goodwill0.80.80.80.80.80.80.80.8n/an/an/a
Investments19.928.026.927.852.051.471.8125132122134
Cash and equivalents25.056.742.011355329910292.918079.1483
Receivablesn/an/an/an/an/a1.40.051.1129306402
Inventoryn/an/an/an/an/an/a0.039.8110126148
Other assets8.811.613.721.518.926.518.420.326.2431473
Total assets54.897.483.61636263801943305781,0631,640
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a426.7%504.9%76.1%
Profit growth, compoundedn/an/an/a630.2%
Return on equity, average-206.0%-88.3%29.1%69.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was TG Therapeutics' revenue in fiscal 2025?

TG Therapeutics (TGTX) reported revenue of $616 million for fiscal 2025, the year ended 31 December 2025, up 87.3% on the year before.

How much did TG Therapeutics earn in fiscal 2025?

Net income was $447 million for fiscal 2025, and diluted earnings per share $2.77.

What is TG Therapeutics' P/E ratio?

At the close of 9 October 2026, TG Therapeutics traded at 20.2 times its earnings over the twelve months to 30 June 2026.

What is TG Therapeutics' market cap?

The market cap of TG Therapeutics was $8.5 billion at the close of 9 October 2026.

How much debt does TG Therapeutics have?

At 30 June 2026 TG Therapeutics carried $745 million of debt and $483 million of cash.

Peers: Pharmaceutical Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.11 trillion39.5578.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$630.1 billion30.3024.8%n/a8.1%0.442.0%
AbbVie Inc. ABBV$488.4 billion78.08n/a26.2%10.4%n/a2.5%
Merck & Co., Inc. MRK$359.1 billion116.467.6%n/a4.6%1.292.3%
Novartis AG NVS *$274.2 billion20.1030.3%n/a8.4%0.622.9%
AstraZeneca PLC AZN *$246.9 billion24.3421.0%23.4%8.6%0.572.0%
Abbott Laboratories ABT$173.5 billion32.2310.6%15.8%8.1%0.582.4%
Novo Nordisk A/S NVO *$172.4 billion11.1652.8%41.3%6.4%0.674.5%
Pfizer Inc. PFE$161.1 billion37.205.1%n/a-0.2%0.716.1%
Vertex Pharmaceuticals Inc. VRTX$129.3 billion29.7021.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$120.7 billion13.0241.6%24.2%3.1%1.924.2%
Sanofi SNY *$97.7 billion11.1710.9%n/a6.2%0.265.5%
All 70 in Pharmaceutical Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.11 trillion39.5578.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$630.1 billion30.3024.8%n/a8.1%0.442.0%
AbbVie Inc. ABBV$488.4 billion78.08n/a26.2%10.4%n/a2.5%
Merck & Co., Inc. MRK$359.1 billion116.467.6%n/a4.6%1.292.3%
Novartis AG NVS *$274.2 billion20.1030.3%n/a8.4%0.622.9%
AstraZeneca PLC AZN *$246.9 billion24.3421.0%23.4%8.6%0.572.0%
Amgen Inc. AMGN$224.3 billion25.7974.8%30.0%9.1%4.901.8%
Gilead Sciences, Inc. GILD$187.6 billionn/a-27.4%-8.2%5.5%2.222.1%
Abbott Laboratories ABT$173.5 billion32.2310.6%15.8%8.1%0.582.4%
Novo Nordisk A/S NVO *$172.4 billion11.1652.8%41.3%6.4%0.674.5%
Pfizer Inc. PFE$161.1 billion37.205.1%n/a-0.2%0.716.1%
Vertex Pharmaceuticals Inc. VRTX$129.3 billion29.7021.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$120.7 billion13.0241.6%24.2%3.1%1.924.2%
Sanofi SNY *$97.7 billion11.1710.9%n/a6.2%0.265.5%
GSK plc GSK *$93.3 billion12.6634.9%24.3%4.1%1.083.6%
Moderna, Inc. MRNA$89.8 billionn/a-46.6%-149.0%-27.6%0.09n/a
Regeneron Pharmaceuticals, Inc. REGN$79.1 billion18.4513.7%24.7%9.3%0.060.5%
Takeda Pharmaceutical Company Limited TAK *$59.2 billionn/a-2.1%0.1%-1.7%0.663.5%
argenx SE ARGX *$51.1 billion42.1617.6%n/a89.9%0.00n/a
Teva Pharmaceutical Industries Ltd. TEVA$47.9 billion68.459.1%9.3%4.1%2.140.0%
IDEXX Laboratories Inc. IDXX$40.9 billion36.4370.7%32.0%12.8%0.60n/a
Biogen Inc. BIIB$33.3 billion39.954.4%10.1%0.3%0.39n/a
Zoetis Inc. ZTS$31.0 billion12.3283.1%n/a1.5%2.872.7%
Roivant Sciences Ltd. ROIV$25.6 billionn/a-6.3%-7,914.8%-67.6%0.00n/a
BioNTech SE BNTX *$24.4 billionn/a-5.9%-49.0%4.3%0.01n/a
Genmab A/S GMAB *$23.8 billion24.1116.5%28.6%19.2%0.90n/a
United Therapeutics Corp. UTHR$23.5 billion19.6620.5%44.4%2.5%0.00n/a
Viatris Inc. VTRS$20.3 billionn/a-2.9%-0.6%4.4%0.812.7%
Exelixis, Inc. EXEL$14.9 billion18.8246.7%39.9%9.2%0.00n/a
Neurocrine Biosciences Inc. NBIX$14.5 billion20.8819.1%23.6%34.4%0.00n/a
Jazz Pharmaceuticals plc JAZZ$14.2 billion15.0619.6%19.5%12.6%0.91n/a
Corcept Therapeutics Inc. CORT$13.1 billion288.387.8%0.8%16.0%0.00n/a
Halozyme Therapeutics, Inc. HALO$12.6 billion32.96288.1%35.9%41.2%13.50n/a
Elanco Animal Health Inc. ELAN$11.4 billionn/a-3.0%n/a12.0%0.56n/a
Bio-Techne Corp. TECH$11.3 billion63.028.6%20.7%-0.4%0.090.4%
Biomarin Pharmaceutical Inc. BMRN$10.6 billion148.111.2%4.4%11.2%0.66n/a
Dr. Reddy’s Laboratories Limited RDY *$10.4 billion23.3411.4%15.0%3.2%0.210.7%
Krystal Biotech, Inc. KRYS$9.8 billion41.5817.8%44.9%22.6%0.00n/a
Repligen Corp. RGEN$9.8 billion238.142.0%8.2%16.5%0.26n/a
Protagonist Therapeutics, Inc. PTGX$9.3 billion139.569.9%20.7%34.8%0.00n/a
Arrowhead Pharmaceuticals, Inc. ARWR$8.9 billionn/a-68.7%-33.8%16.8%1.47n/a
Cytokinetics Inc. CYTK$8.7 billionn/an/a-1,046.1%-21.1%n/an/a
TG Therapeutics, Inc. TGTX$8.5 billion20.2173.1%17.1%76.1%1.23n/a
Alkermes plc. ALKS$6.8 billion106.923.7%7.0%10.8%0.84n/a
Lantheus Holdings, Inc. LNTH$6.5 billion24.1921.0%19.4%2.3%0.43n/a
Ligand Pharmaceuticals Inc. LGND$6.0 billion32.2820.4%32.6%54.9%1.16n/a
PTC Therapeutics, Inc. PTCT$5.4 billionn/an/a12.5%-42.8%n/an/a
Indivior Pharmaceuticals, Inc. INDV$4.2 billionn/an/an/a13.5%n/an/a
Organon & Co. OGN$3.6 billion17.9320.8%n/a-2.5%8.502.5%
Acadia Pharmaceuticals Inc. ACAD$3.4 billion8.9129.1%7.6%11.8%0.00n/a
Arcus Biosciences, Inc. RCUS$3.1 billionn/a-99.1%-415.4%-55.3%0.22n/a
Neogen Corp. NEOG$2.6 billionn/a-2.7%-0.8%-0.3%0.37n/a
Supernus Pharmaceuticals, Inc. SUPN$2.5 billionn/a-10.7%-15.7%24.9%0.00n/a
Liquidia Corp. LQDA$2.4 billion19.9971.0%37.4%2,233.6%0.00n/a
Harmony Biosciences Holdings, Inc. HRMY$2.3 billion13.0918.1%24.0%24.3%0.15n/a
Adma Biologics, Inc. ADMA$2.3 billion14.8041.4%43.8%8.0%0.48n/a
Prestige Consumer Healthcare Inc. PBH$2.3 billion13.529.0%26.3%-1.4%1.05n/a
Perrigo Co. plc PRGO$2.1 billionn/a-69.0%-37.7%-4.2%1.317.7%
Vericel Corp. VCEL$2.1 billion85.356.5%6.0%23.0%0.00n/a
Vir Biotechnology, Inc. VIR$2.0 billionn/a-25.6%-92.4%1,495.9%0.00n/a
Sarepta Therapeutics, Inc. SRPT$1.9 billionn/a-8.9%-7.3%-20.4%0.55n/a
Xencor Inc. XNCR$1.8 billionn/a-32.5%-205.8%-28.6%0.15n/a
Schrodinger, Inc. SDGR$1.7 billionn/a-16.5%-59.2%8.9%0.00n/a
ANI Pharmaceuticals Inc. ANIP$1.7 billion15.7318.1%15.4%30.9%1.02n/a
Phibro Animal Health Corp. PAHC$1.6 billion15.7625.9%12.8%17.1%1.911.3%
Innoviva, Inc. INVA$1.5 billion5.1729.0%36.9%18.8%0.210.0%
Pacira BioSciences, Inc. PCRX$1.4 billion103.762.2%2.7%5.7%0.54n/a
Amphastar Pharmaceuticals, Inc. AMPH$1.1 billion15.7610.2%15.7%1.0%0.79n/a
QuidelOrtho Corp. QDEL$916 millionn/a-59.1%-30.8%-2.5%1.43n/a
Collegium Pharmaceutical, Inc. COLL$717 million17.7915.4%19.5%14.3%3.50n/a
50 companies share its SEC industry code (Pharmaceutical Preparations); the rest are the names nearest in size in its wider industry, Pharmaceutical Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-K/A31 December 20239 August 2024EDGAR

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