-- Preliminary total net product revenue of $369.6 million for the fourth
quarter and $1.86 billion for full-year 2025
-- Preliminary ELEVIDYS net product revenue totaled $110.4 million for the
fourth quarter and $898.7 million for full-year 2025
-- Preliminary PMO net product revenues totaled $259.2 million for the
fourth quarter and $965.6 million for full-year 2025
-- Preliminary year-end 2025 cash, cash equivalents, restricted cash and
investments balance of approximately $953.8 million
CAMBRIDGE, Mass.--(BUSINESS WIRE)--January 12, 2026--
Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, today reports preliminary* fourth quarter and full-year 2025 net product revenues and cash, cash equivalents, restricted cash and investments on hand as of December 31, 2025, as part of its presentation today at the 44(th) Annual J.P. Morgan Healthcare Conference in San Francisco, California.
Financial Update* (preliminary and unaudited)
-- Total net product revenue of $369.6 million for the fourth quarter and
$1.86 billion for full-year 2025. Sarepta's net product revenue does not
include collaboration, contract manufacturing or royalty revenue.
-- Fourth quarter and full-year 2025 net product revenue for ELEVIDYS
totaled $110.4 million and $898.7 million, respectively.
-- Fourth quarter and full-year 2025 net product revenue for Sarepta's
PMOs totaled $259.2 million and $965.6 million, respectively.
-- As of Dec. 31, 2025, the Company had preliminary cash, cash equivalents,
restricted cash and investments of approximately $953.8 million.
"Sarepta faced and overcame challenges in 2025, achieving meaningful pipeline progress and solid performance," said Doug Ingram, chief executive officer, Sarepta. "In the face of obstacles, we achieved $1.86 billion in total net product revenue, and ELEVIDYS achieved $898.7 million. At $110.4 million, ELEVIDYS fourth quarter revenue was impacted by the severe year-end flu season and the need in December to reschedule 6 patient infusions into 2026. At $965.6 million in durable revenue, our PMO franchise continued to deliver for patients. And importantly, we generated another quarter of positive cash flow and ended the year with $953.8 million in cash, cash equivalents, restricted cash and investments, giving us the financial strength to fully invest in our approved therapies and advance our next-generation siRNA pipeline."
Ingram continued: "We have important initiatives in 2026 to continue the success of our approved therapies, particularly ELEVIDYS. We previously set a yearly sales floor for ELEVIDYS of $500.0 million. We reconfirm that floor and our intentions to exceed it. However, we will stop short of providing more detailed guidance until we begin to evaluate the results of our initiatives. We enter 2026 on a strong financial footing, with significant opportunities with our four approved therapies and our exciting siRNA pipeline."
*These preliminary selected financial results are unaudited and subject to adjustment. Sarepta will report its final and complete fourth quarter and full-year 2025 financial results in late February 2026. The Company has not completed its financial closing procedures for the quarter or year-ended Dec. 31, 2025, and its actual results could be materially different from these preliminary financial results.
About ELEVIDYS (delandistrogene moxeparvovec-rokl)
ELEVIDYS (delandistrogene moxeparvovec-rokl) is a single-dose, adeno-associated virus (AAV)-based gene transfer therapy for intravenous infusion designed to address the underlying genetic cause of Duchenne muscular dystrophy -- mutations or changes in the DMD gene that result in the lack of dystrophin protein -- through the delivery of a transgene that codes for the targeted production of ELEVIDYS micro-dystrophin in skeletal muscle.
ELEVIDYS is indicated for the treatment of ambulatory patients 4 years of age and older with Duchenne muscular dystrophy (DMD) who have a confirmed mutation in the DMD gene.
Limitations of Use
ELEVIDYS is not recommended in patients with:
-- Preexisting liver impairment (defined as gamma-glutamyl transferase
[GGT] > 2 x upper limit of normal or total bilirubin > the upper limit of
normal not due to Gilbert's syndrome) or active hepatic viral infection
due to the high risk of acute serious liver injury and acute liver
failure.
-- Recent vaccination (within 4 weeks of treatment) due to immunogenicity
and potential safety concerns.
-- Active or recent (within 4 weeks) infections due to safety concerns.
IMPORTANT SAFETY INFORMATION
BOXED WARNING: Acute Serious Liver Injury and Acute Liver Failure
Acute serious liver injury, including life-threatening and fatal acute liver failure, has occurred. Patients with preexisting liver impairment may be at higher risk.
Prior to infusion, assess liver function by clinical examination and laboratory testing. Administer systemic corticosteroids before and after ELEVIDYS infusion. Continue to monitor liver function weekly for the first 3 months after infusion and continue until results are unremarkable.
Instruct patients to maintain proximity to an appropriate healthcare facility, as determined by the healthcare provider, for at least 2 months following ELEVIDYS infusion.
Obtain prompt consultation with a specialist (e.g., gastroenterologist or hepatologist) if acute serious liver injury or impending acute liver failure is suspected.
CONTRAINDICATION: ELEVIDYS is contraindicated in patients with any deletion in exon 8 and/or exon 9, including a deletion of any portion or the entirety of these exons, in the DMD gene.
WARNINGS AND PRECAUTIONS:
Acute Serious Liver Injury and Acute Liver Failure
See Boxed Warning.
-- Acute serious liver injury marked by elevations of liver enzymes (e.g.,
GGT, ALT) and total bilirubin and acute liver failure has occurred with
ELEVIDYS. Onset of the liver injury typically begins within 8 weeks of
ELEVIDYS administration. In non-ambulatory patients treated with ELEVIDYS,
acute liver failure with fatal outcome has occurred in the clinical and
post-marketing settings.
-- Life-threatening mesenteric vein thrombosis, complicated by bowel
ischemia and necrosis, and portal hypertension have been reported
following acute liver injury associated with ELEVIDYS in a non-ambulatory
patient.
-- Patients with preexisting liver impairment, chronic hepatic condition,
or acute liver disease (e.g., acute hepatic viral infection) may be at
higher risk of acute serious liver injury or acute liver failure.
Postpone ELEVIDYS administration in patients with acute liver disease
until resolved or controlled.
-- Systemic corticosteroid treatment is recommended for patients before
and after ELEVIDYS infusion. Adjust corticosteroid regimen when
indicated.
Serious Infections
-- Increased susceptibility to serious infections may occur due to
concomitant administration of corticosteroid regimen and additional
immunosuppressants, and ELEVIDYS. Serious respiratory infections,
including with fatal outcomes, have occurred in patients taking
immunosuppressant corticosteroids required for ELEVIDYS administration.
-- Monitor patients for signs and symptoms of infection before and after
ELEVIDYS administration and treat appropriately.
-- Administer immunizations according to best clinical practices and
immunization guidelines prior to initiation of the corticosteroid regimen
required before ELEVIDYS infusion.
-- Avoid administration of ELEVIDYS to patients with active infections.
Myocarditis
-- Acute, serious, life-threatening myocarditis and troponin-I elevations
have been observed within 24 hours to more than 1 year following ELEVIDYS
infusion.
-- If a patient experiences myocarditis, those with pre-existing left
ventricle ejection fraction (LVEF) impairment may be at higher risk of
adverse outcomes.
-- Monitor troponin-I before ELEVIDYS infusion and weekly for the first
month following infusion and continue monitoring if clinically indicated,
until results return to near baseline levels or stabilize.
-- More frequent monitoring may be warranted in the presence of cardiac
symptoms, such as chest pain or shortness of breath.
-- Advise patients to contact a physician immediately if they experience
cardiac symptoms.
Infusion-related Reactions
-- Infusion-related reactions, including hypersensitivity reactions and
anaphylaxis, have occurred during or up to several hours following
ELEVIDYS administration. Closely monitor patients during and for at least
3 hours after the end of infusion. If symptoms of infusion-related
reactions occur, slow or stop the infusion and give appropriate
treatment. Once symptoms resolve, the infusion may be restarted at a
lower rate.
-- ELEVIDYS should be administered in a setting where treatment for
infusion-related reactions is immediately available.
-- Discontinue infusion for anaphylaxis.
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January 12, 2026 11:58 ET (16:58 GMT)
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