Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Idorsia Ltd is a Swiss biopharmaceutical company headquartered in Allschwil near Basel, specializing in the discovery, development, and commercialization of innovative small-molecule medicines for unmet medical needs. Its purpose is to transform therapeutic options in areas such as central nervous system disorders, cardiovascular conditions, immunology, and rare diseases like Fabry disease. Notable products include QUVIVIQ (daridorexant), a dual orexin receptor antagonist commercially available in the US, Europe, and other regions for treating insomnia by addressing both nighttime and daytime symptoms. JERAYGO (aprocitentan), a dual endothelin receptor antagonist for resistant hypertension, has received approvals in the EU, UK, Switzerland, and Canada. The pipeline features advanced assets like lucerastat for Fabry disease, advancing toward potential registration by 2029, and Phase 3 programs including selatogrel for acute myocardial infarction outlicensed to Viatris. Idorsia operates as a biotech hub in Europe with approximately 938 employees, focusing on high-impact therapies through strategic partnerships and a robust drug discovery engine. In the financial markets, it represents a small-growth player in the biotechnology sector, emphasizing innovation amid evolving clinical milestones.
The business is unprofitable at the operating level (-52.76% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 96.1% YoY with margins expanding 247.0pp.
Negative free cash flow of -CHF 167M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
CHF 219M
▲ +96.1% YoY
Net Income (TTM)
-CHF 221M
▲ +57.7% YoY
Op. Margin
-55.08%
▲ +247.0pp YoY
ROIC
-7.29%
▲ +14.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-CHF 134M
▲ +57.0% YoY
Op. Cash Flow (TTM)
-CHF 201M
▲ +73.7% YoY
Net Debt
CHF 1.18B
Cash & Equiv.
CHF 87M
3Y CAGR: +31.5%
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