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Shield Therapeutics (STX) investor relations material
Shield Therapeutics Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved cash flow positive status in Q4 2025, driven by strong US ACCRUFeR/ACCRUFERⓇ sales and effective cost management, marking a key milestone toward sustainability.
ACCRUFeR/ACCRUFERⓇ became the number one branded prescription oral iron in the US ID/IDA market, with a highly tolerable proprietary formulation.
Expanded global footprint with launches in Canada and regulatory progress in Korea, China, and pediatric populations.
Focused on expanding market share through direct-to-consumer and physician-targeted marketing, with emphasis on primary care, women's health, and digital outreach.
Actively pursuing a second product to leverage the existing sales force and further diversify the portfolio.
Financial highlights
Total 2025 revenues reached approximately $50 million, with $46 million from US ACCRUFeR/ACCRUFERⓇ sales, representing 56% year-over-year growth.
Nearly 200,000 prescriptions dispensed in 2025, up 33% year-over-year.
Net selling price per prescription increased 21% year-over-year to approximately $223 in 2025; Q4 2025 net selling price was $222.
Q4 2025 US revenues were $13.5 million, with 61,000 prescriptions, including 21% consignment at subsidized prices.
Ended Q4 2025 with $11.6 million in cash and cash equivalents, generating $1 million in net cash (excluding $2 million debt refinancing).
Outlook and guidance
Expect to remain cash flow positive and achieve EBIT/operating profitability for full year 2026, supported by continued ACCRUFeR/ACCRUFERⓇ growth.
Pricing for ACCRUFeR/ACCRUFERⓇ anticipated to fluctuate between $222 and $240 per prescription in 2026.
Targeting continued growth in prescriptions and revenues, with a focus on expanding into additional specialties and launching pediatric and international indications.
Peak US sales target for ACCRUFeR/ACCRUFERⓇ remains at $450 million, with further growth expected from new indications and expanded prescriber base.
Actively seeking to add a late-stage or FDA-approved specialty product to the portfolio.
- 146% revenue growth and improved margins set the stage for cash flow positivity by end of 2025.STX
H2 202425 Feb 2026 - H1 2024 revenues tripled to $12.1M on US growth; break-even targeted for H2 2025.STX
H1 202422 Jan 2026 - Prescription growth and new financing support cash flow positivity by end-2025.STX
Trading Update17 Jan 2026 - ACCRUFeR sales rose 153% in FY24, driving revenue growth and cash flow progress.STX
Trading Update2 Dec 2025 - Q1 2025 revenues surged, March rebounded, and cash flow positivity remains on track.STX
Trading Update28 Nov 2025 - Q2 net revenues doubled to $12.8M, with strong prescription growth and cash flow positivity on track.STX
Trading Update16 Nov 2025 - Q3 2025 revenues rose 86% YoY to $13.1m, with cash flow positivity targeted for Q4 2025.STX
Trading Update23 Oct 2025 - H1 2025 revenue rose 1.8x to $21.4M, losses narrowed, and cash flow positivity is on track.STX
H1 202515 Sep 2025 - ACCRUFER® drives strong growth for Shield Therapeutics in the vast iron deficiency market.STX
Corporate Presentation13 Jun 2025
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