Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Product revenue, net $ 15,921 $ 13,139
Other revenue 117  
Net revenue 16,038 13,139
Operating expenses    
Cost of goods - (excluding amortization of acquired intangible assets) 6,218 4,790
Amortization of acquired intangible assets 1,126 1,065
Research and development 540 3,938
Selling, general and administrative 15,893 25,663
Total operating expenses 23,777 35,456
Loss from operations (7,739) (22,317)
Other income (expense)    
Interest income 570 490
Interest expense and financing fee (3,368) (2,805)
Gain on sale of priority review voucher, net of expenses 158,873  
Change in fair value of partner company derivative liability (7,085) 0
Gain (loss) on common stock warrant liabilities 1 (47)
Other income (expense) 1,042 (12)
Total other income (expense) 150,033 (2,374)
Income (loss) before income tax expense 142,294 (24,691)
Income tax expense 5,132 0
Net income (loss) 137,162 (24,691)
Attributable to non-controlling interests (26,789) 14,107
Net income (loss) attributable to Fortress 110,373 (10,584)
Preferred A dividends declared and paid and/or cumulated, and Fortress' share of subsidiary deemed dividends (2,008) (2,131)
Net income (loss) attributable to common stockholders $ 108,365 $ (12,715)
Net income (loss) per common share attributable to common stockholders - basic $ 3.44 $ (0.48)
Net income (loss) per common share attributable to common stockholders - diluted $ 2.82 $ (0.48)
Weighted average common shares outstanding - basic 31,540,595 26,450,218
Weighted average common shares outstanding - diluted 38,412,716 26,450,218