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.