Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue    
Product revenue, net $ 61,239 $ 55,134
Collaboration revenue   1,500
Other revenue 2,023 1,000
Net revenue 63,262 57,675
Operating expenses    
Cost of goods - (excluding amortization of acquired intangible assets) 20,924 20,879
Amortization of acquired intangible assets 4,258 3,424
Research and development 11,901 56,629
Research and development - licenses acquired   252
Selling, general and administrative 96,400 87,731
Loss recovery   (4,553)
Asset impairment 0 3,692
Total operating expenses 133,483 168,054
Loss from operations (70,221) (110,379)
Other income (expense)    
Interest income 2,485 2,683
Interest expense and financing fee (10,106) (13,527)
Loss on common stock warrant liabilities (398) (638)
Gain from deconsolidation of subsidiary 27,127 0
Other income 17,578 1,318
Total other income (expense) 36,686 (10,164)
Loss before income tax expense (33,535) (120,543)
Income tax expense (benefit) (620) 312
Net loss (32,915) (120,855)
Attributable to non-controlling interests 39,730 74,858
Net income (loss) attributable to Fortress 6,815 (45,997)
Preferred A dividends declared and paid and/or cumulated, and Fortress' share of subsidiary deemed dividends (8,697) (9,893)
Net loss attributable to common stockholders $ (1,882) $ (55,890)
Net loss per common share attributable to common stockholders - basic $ (0.07) $ (2.69)
Net loss per common share attributable to common stockholders - diluted $ (0.07) $ (2.69)
Weighted average common shares outstanding - basic 27,901,889 20,784,334
Weighted average common shares outstanding - diluted 27,901,889 20,784,334
Related Party    
Revenue    
Revenue - related party   $ 41