Shares of Travere Therapeutics, Inc. (NASDAQ: TVTX) surged 5.86% in after-hours trading on Wednesday, following the release of the company's impressive second-quarter 2025 financial results and positive regulatory news.
The biopharmaceutical company reported a significant beat on both earnings and revenue for Q2 2025. Travere posted an adjusted earnings per share of $0.13, surpassing the analyst consensus estimate of -$0.28 by 146.43%. This marks a substantial improvement from the loss of $0.65 per share in the same period last year. Revenue for the quarter came in at $114.4 million, beating the analyst expectations of $101.38 million by 12.85% and representing a remarkable 119.26% increase year-over-year.
Adding to the positive sentiment, Travere announced that the U.S. Food and Drug Administration (FDA) has accepted the supplemental New Drug Application (sNDA) for Filspari in the treatment of focal segmental glomerulosclerosis (FSGS). The PDUFA date has been set for January 13, 2026, potentially expanding the drug's market reach. Furthermore, the company reported a 165% surge in FILSPARI sales, contributing significantly to the strong quarterly performance. These developments have bolstered investor confidence in Travere's growth prospects and pipeline progress, likely driving the after-hours stock price increase.