UroGen Pharma
Develops localized mitomycin therapies for low-grade urothelial cancers.
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Profile
Commercializes JELMYTO and ZUSDURI, RTGel-based mitomycin products for selected low-grade urothelial cancers, primarily in the United States. The single-segment business depends on specialist adoption, distributor-based product sales, FDA-regulated indications, and follow-on RTGel programs.
Uses RTGel, a reverse-thermal hydrogel, to keep mitomycin in local contact with urothelial tumors. Marketed products include JELMYTO for low-grade upper tract urothelial cancer and ZUSDURI for recurrent low-grade intermediate-risk non-muscle invasive bladder cancer.
Operates as one reportable segment with product sales primarily in the United States through national specialty distributors. The model is small and focused, built around physician adoption in urology and moving procedure-heavy treatment settings toward localized drug therapy.
Execution depends on FDA-approved indications, reimbursement, specialty-distributor access, commercialization of JELMYTO and ZUSDURI, and follow-on RTGel programs. JELMYTO also carries a future generic-license path under the Teva settlement if a generic version receives FDA approval.
Company facts
Key statistics
Year to date +92.1% · Average volume (30d) 876.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Guggenheim | Reiterate | Buy | $42 | $58 | |
| Aug 6, 2026 | H.C. Wainwright | Reiterate | Buy | $45 | $75 | |
| Jul 21, 2026 | Guggenheim | Reiterate | Buy | $42 | ||
| Jul 16, 2026 | Oppenheimer | Reiterate | Outperform | $31 | $50 | |
| Jul 15, 2026 | Goldman Sachs | Reiterate | Neutral | $16 | $44 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.27 | −$0.28 | −5.7% | $63.5M | $72.5M | +14.0% | +16.31% |
| May 6, 2026Q1 FY26 | −$0.56 | −$0.47 | +16.1% | $44.8M | $51.0M | +13.7% | +1.30% |
| Mar 2, 2026Q4 FY25 | −$0.52 | −$0.54 | −4.2% | $39.9M | $37.8M | −5.2% | −1.05% |
| Nov 6, 2025Q3 FY25 | −$0.72 | −$0.69 | +4.2% | $40.1M | $27.5M | −31.5% | −1.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $20.3M | $24.2M | $27.5M | $37.8M | $51.0M | $72.5M | |
| Gross profit | $17.9M | $20.7M | $24.2M | $34.5M | $46.8M | $65.9M | |
| Operating income | −$36.9M | −$41.4M | −$27.4M | −$19.1M | −$20.3M | $111.0K | |
| Net income | −$43.8M | −$49.9M | −$33.3M | −$26.4M | −$23.6M | −$14.4M | |
| Diluted EPS | −$0.92 | −$1.05 | −$0.69 | −$0.54 | −$0.47 | −$0.28 | |
| Gross margin | 88.5% | 85.3% | 88.1% | 91.3% | 91.9% | 90.9% | |
| Operating margin | -182.3% | -171.2% | -99.7% | -50.5% | -39.8% | 0.2% |
Fiscal years (4-quarter sums)FY21 $48.0M · FY22 $64.4M · FY23 $82.7M · FY24 $90.4M · FY25 $109.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $108.0M · Total debt $196.1M · Total assets $252.6M · Shareholders' equity −$132.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 48.72M · Float 43.34M · 89.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| RTW Investments, LP | 4.54M | 9.33% | 13F | May 15, 2026 |
| Phillip Gross | 3.74M | 8.87% | 13G | Nov 12, 2024 |
| BlackRock, Inc. | 2.85M | 5.84% | 13F | May 13, 2026 |
| The Toronto-Dominion Bank | 2.62M | 5.40% | 13G | May 15, 2026 |
| Morgan Stanley | 2.56M | 5.25% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Mark Schoenberg | officer: Chief Medical Officer | −60,677 | $47.05 |
| Jul 9, 2026 | Mark Schoenberg | officer: Chief Medical Officer | −10,000 | $40.00 |
| Jun 22, 2026 | Mark Schoenberg | officer: Chief Medical Officer | −10,000 | $35.01 |
| Jun 8, 2026 | Mark Schoenberg | officer: Chief Medical Officer | −5,222 | $27.30 |
| May 8, 2026 | Mark Schoenberg | officer: Chief Medical Officer | −10,000 | $30.00 |
Peers
- Tyra Biosciences
Oral FGFR3 program in low-grade IR NMIBC and LG-UTUC
- CG Oncology
Bladder-sparing cretostimogene program across NMIBC
- Johnson & Johnson
Approved extended-release intravesical gemcitabine for high-risk NMIBC
- ImmunityBio
Commercial ANKTIVA plus BCG franchise in BCG-unresponsive NMIBC
- Merck
KEYTRUDA immunotherapy option in high-risk NMIBC
- Teva (ADR)
Licensed future generic JELMYTO path after 2030
- enGene Therapeutics
Intravesical gene therapy for BCG-unresponsive high-risk NMIBC
- Protara Therapeutics
Cell-based immunotherapy program for high-grade NMIBC
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| UroGen Pharma | $43.62 | −0.02% | $2.13B | — | 35.5 | 11.3 | +199.2% |
| Tyra Biosciences | $24.94 | −0.22% | $1.49B | — | — | — | — |
| CG Oncology | $73.91 | −0.57% | $6.56B | — | — | 1,052.8 | — |
| Johnson & Johnson | $268.40 | +0.13% | $645.95B | 31.1 | 22.4 | 6.6 | +6.6% |
| ImmunityBio | $8.07 | +0.25% | $8.43B | — | — | 50.9 | +93.9% |
| Merck | $148.19 | −0.08% | $366.18B | 118.7 | 17.2 | 5.5 | +5.1% |
| Teva (ADR) | $36.30 | −0.36% | $42.44B | 60.7 | 12.9 | 2.5 | −0.8% |
| enGene Therapeutics | $1.83 | +0.08% | $122.3M | — | — | — | — |
| Protara Therapeutics | $3.82 | +0.26% | $214.7M | — | — | — | — |
| Median | 60.7 | 17.2 | 6.6 | +5.8% |










