Xeris Biopharma
Markets Recorlev, Gvoke and Keveyis while advancing formulation-based drug programs.
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Profile
Markets a U.S.-focused specialty portfolio across Cushing's syndrome, severe hypoglycemia, and primary periodic paralysis, with Recorlev, Gvoke, and Keveyis as the current products. A single reporting segment ties commercial execution to XeriSol and XeriJect formulation technology and partner development work.
Markets a U.S.-focused specialty biopharma portfolio anchored by Recorlev for Cushing's syndrome, Gvoke for severe hypoglycemia, and Keveyis for primary periodic paralysis. The business reports as one segment across chronic endocrine and neurological diseases.
Commercial execution is centered on specialty sales and product access, with a larger sales-and-marketing footprint than research organization. XeriSol and XeriJect formulation technology support internal candidates such as XP-8121 and partner programs.
The model depends on U.S. reimbursement, FDA-regulated product claims, and outside suppliers and manufacturers. Keveyis faces generic and branded-generic dichlorphenamide competition, while Recorlev's U.S. orphan exclusivity currently extends later than Keveyis' exclusivity.
Company facts
Key statistics
Year to date +15.3% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Barclays | Reiterate | Overweight | $9 | $12 | |
| Dec 8, 2025 | Barclays | Target | $9 | |||
| Oct 29, 2025 | Oppenheimer | Reiterate | Outperform | $5 | $18 | |
| Nov 11, 2024 | Piper Sandler | Downgrade | Overweight | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.01 | −$0.18 | −1,582.7% | $90.1M | $91.0M | +1.0% | −9.25% |
| May 7, 2026Q1 FY26 | $0.00 | $0.01 | — | $79.8M | $82.5M | +3.3% | −1.51% |
| Mar 2, 2026Q4 FY25 | $0.03 | $0.06 | +100.0% | $82.2M | $85.8M | +4.4% | −1.33% |
| Nov 6, 2025Q3 FY25 | $0.01 | $0.00 | −65.0% | $86.0M | $74.4M | −13.5% | −3.63% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $60.1M | $71.5M | $74.4M | $85.8M | $83.1M | $92.1M | |
| Gross profit | $51.4M | $56.9M | $63.4M | $66.7M | $69.8M | $79.6M | |
| Operating income | −$3.1M | $4.5M | $6.7M | $16.8M | $7.9M | $5.2M | |
| Net income | −$9.2M | −$1.9M | $621.0K | $11.1M | $2.2M | −$31.1M | |
| Diluted EPS | −$0.06 | −$0.01 | $0.00 | $0.06 | $0.01 | −$0.18 | |
| Gross margin | 85.5% | 79.6% | 85.2% | 77.8% | 84.0% | 86.4% | |
| Operating margin | -5.1% | 6.3% | 9.0% | 19.5% | 9.5% | 5.6% |
Fiscal years (4-quarter sums)FY21 $49.8M · FY22 $110.2M · FY23 $163.9M · FY24 $203.1M · FY25 $291.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $121.7M · Total debt $289.4M · Total assets $411.9M · Shareholders' equity −$9.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 172.64M · Float 164.66M · 95.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 14.53M | 8.41% | 13F | Aug 7, 2026 |
| Vanguard Capital Management | 8.64M | 5.00% | 13G | Jul 31, 2026 |
| D. E. Shaw & Co., Inc. | 7.80M | 4.52% | 13F | Aug 14, 2026 |
| State Street Corp | 4.82M | 2.79% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 4.72M | 2.73% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Steven Pieper | officer: See Remarks | −5,000 | $8.50 |
| Aug 3, 2026 | Beth Hecht | officer: See Remarks | −16,666 | $8.01 |
| Aug 3, 2026 | Kevin McCulloch | officer: See Remarks | −15,000 | $8.02 |
| Jul 7, 2026 | Steven Pieper | officer: See Remarks | −27,600 | $8.52 |
| Jul 6, 2026 | Steven Pieper | officer: See Remarks | −17,400 | $8.50 |
Peers
- Corcept Therapeutics
Commercial Cushing franchise with Korlym and relacorilant
- Amphastar Pharmaceuticals
Baqsimi and generic glucagon challenge Gvoke rescue use
- Novo Nordisk (ADR)
Zegalogue and GlucaGen overlap with Gvoke rescue products
- Crinetics Pharmaceuticals
Atumelnant pipeline creates Cushing's syndrome threat
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Xeris Biopharma | $8.48 | +0.06% | $1.46B | — | 47.8 | 4.4 | +27.2% |
| Corcept Therapeutics | $115.08 | +1.06% | $12.31B | 271.1 | 28.5 | 14.8 | +31.7% |
| Amphastar Pharmaceuticals | $22.01 | 0.00% | $970.5M | 13.0 | 6.9 | 1.3 | +5.4% |
| Novo Nordisk (ADR) | $45.60 | +0.00% | $202.54B | 11.2 | 18.4 | 4.0 | +0.0% |
| Crinetics Pharmaceuticals | $84.97 | +0.13% | $8.99B | — | — | 213.3 | +2,336.3% |
| Median | 13.0 | 18.4 | 9.4 | +18.6% |






