Gyre Therapeutics posted Q2 2025 revenue of $26.8 million and net income of $1.6 million. Earnings were supported by the successful launch of Etorel and continued rollout of Contiva in the PRC. Operating income declined year-over-year due to higher marketing and administrative costs.
Revenue reached $26.8 million, up from $25.2 million a year ago, due to new product launches.
Net income fell to $1.6 million from $4.5 million in Q2 2024 due to increased operating expenses.
Cash, short-term deposits, and CDs totaled $75.9 million at quarter-end.
Sales in the PRC were driven by Etuary ($23.5M), Etorel ($1.6M), and Contiva ($1.5M).
Gyre anticipates revenue growth for the remainder of 2025 driven by continued product launches in the PRC and expansion into new indications.
Analyze how earnings announcements historically affect stock price performance