Cipher Pharmaceuticals Inc.

Cipher Pharmaceuticals Inc.

13.45
CAD
-0.30
(-2.18%)
1.58EPS
10.01P/E
412.67MMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.03
1.08
1.33
1.13
1.51
0.85
0.84
0.8
0.82
0.81
0.85
1.35
1.98
1.96
Basic EPS, GAAP
0.95
0.69
0.07
-1.49
0.16
0.02
0.12
0.17
0.29
1.05
0.82
0.47
1.07
1.14
Free Cash Flow per Basic Share
0.29
0.89
0.01
0.69
0.74
0.17
0.28
0.4
0.52
0.42
0.63
0.79
1.16
1.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.46
2.11
2.08
0.7
0.87
0.92
1.04
1.21
1.5
2.56
3.36
4
4.99
5.41
Tangible Book Value per Share
1.4
2.05
0.08
0.04
0.67
-0.19
0.07
0.47
0.75
1.82
2.63
0.24
1.45
1.99
Basic Weighted Avg Shares
25
26
26
26
27
27
27
27
27
25
25
25
25
25
Sales/Revenue/Turnover
25
28
34
30
40
23
22
22
22
21
21
33
50
50
Operating Margin (%)
67.22
61.27
5.05
38.92
62.44
22.57
51.23
56.3
59.51
53.45
48.68
23.52
33.43
39.76
Depreciation Expense
1
1
4
1
1
1
1
1
1
1
1
4
7
7
Net Income, GAAP
23
18
2
-39
4
1
3
5
8
27
20
12
27
29
Effective Tax Rate (%)
- -
- -
- -
26.13
24.58
61.54
53.78
32.89
29.85
- -
- -
- -
- -
- -
Profit Margin (%)
92.43
63.96
5.14
-132.03
10.66
2.39
14.44
21.05
35.36
128.83
96.32
34.6
54.17
58.42
Working Capital
31
48
30
31
27
2
1
10
17
29
43
19
3
11
LT Debt
- -
- -
35
36
11
10
2
2
- -
- -
- -
40
5
- -
Total Equity
36
54
54
19
23
25
28
33
39
64
81
102
126
137
Return on Invested Capital (%)
- -
- -
- -
11.86
39.53
3.03
7.5
11.92
18.73
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
-46.49
17.19
2.12
9.21
13.23
21.17
- -
- -
- -
- -
- -
Return on Common Equity (%)
95.96
39.34
3.27
-107.61
20.48
2.26
12.29
15
21.69
51.73
28.19
12.63
23.91
23.5

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
5
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
277
334
291

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
28
25
31
Cash, Cash Equivalents & STI
7
6
9
Accounts Receivable, Net
11
10
12
Inventories
8
8
9
Total Current Liabilities
25
20
20
Payables & Accruals
6
7
7
ST Debt
- -
- -
- -
Deferred Revenue
18
14
13

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.6%
32%
23.35%
Free Cash Flow
913.84%
25.35%
51.39%
Net Income, GAAP
-159.02%
76.75%
136.72%
Sales/Revenue/Turnover
8.02%
21.4%
51.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6
5
10
12
33
2025
12
13
13
12
50
2026
13
12
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.12
0.01
0.13
0.47
2025
0.1
0.23
0.22
0.53
1.07
2026
0.24
0.16
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Craig Mull
Full Time Employees
43
Sector
Health technology
Industry
Pharmaceuticals: other
Address
5750 Explorer Drive Mississauga ON Canada L4W 0A9
IPO Date
Feb 25, 2004
Business
Cipher Pharmaceuticals Inc. is a specialty pharmaceutical company focused on the acquisition, development, and commercialization of prescription products in therapeutic areas including dermatology, women’s health, urology, and acute care. Its core product portfolio includes commercial products such as Natroba and its authorized generic Spinosad for the topical treatment of head lice and scabies; Epuris, an oral isotretinoin treatment for severe acne; Absorica, an oral retinoid for severe nodular and inflammatory acne; Actikerall for the treatment of actinic keratosis; Vaniqa, a topical cream that slows the growth of unwanted facial hair; Durela, an opioid analgesic for moderate to moderately severe pain management; Brinavess for rapid conversion of atrial fibrillation to sinus rhythm; and Aggrastat, an intravenous GP IIb/IIIa inhibitor for acute coronary syndrome. Its licensed products further include Lipofen for hyperlipidemia and Conzip, an opioid agonist for chronic pain management. In its pipeline, Cipher develops products such as MOB-015, a topical terbinafine formulation for onychomycosis in phase 3 clinical trials; CF-101 (Piclidenoson) for severe plaque psoriasis and rheumatoid arthritis in phase 3; and DTR-001, a tattoo removal cream in pre-clinical stages. The company operates primarily in Canada, with commercial reach into the U.S. and South America. Founded in 2000, it is headquartered in Oakville, Canada. Recent major developments include Cipher Pharmaceuticals’ 2024 acquisition of the Natroba product line and ParaPRO LLC’s dermatology commercial infrastructure, significantly expanding its dermatology platform and doubling its current sales and earnings base. The acquisition reinforces Cipher’s strategy to establish a leading dermatology franchise featuring innovative and unique products. Cipher has also secured Medicaid step-through preferred status for Natroba in Illinois and continues to invest in growing market share for Natroba in the U.S., including planned commercialization in Canada following Health Canada regulatory approval. The company is actively pursuing additional business development opportunities including acquisitions, in-licensing, and out-licensing globally to enhance its North American platform and expand its product portfolio. It recently closed a $35 million credit facility to support growth initiatives and continues to leverage its strong sales force and Canadian dermatology market presence for new product launches and expansions. Cipher Pharmaceuticals manages a broad portfolio of commercial and early to late-stage specialty pharmaceutical products addressing unmet medical needs, with direct marketing efforts in Canada and partnerships in the U.S. and other regions. The company's focus on dermatology and specialty medicines is supported by strategic acquisitions, selective investments in drug development, and a diversified approach to commercializing prescription products with sustained growth prospects in North American and global markets.

Company News

  • Cipher Pharmaceuticals (TSE:CPH) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

  • Cipher Pharmaceuticals (TSE:CPH) Stock Crosses Below Fifty Day Moving Average – Here’s Why

  • Cipher Pharmaceuticals (TSE:CPH) Director Craig Mull Acquires 20,000 Shares of Stock

  • Cipher Pharmaceuticals (TSE:CPH) Shares Pass Below 50-Day Moving Average – Time to Sell?

  • Cipher Pharmaceuticals (OTCMKTS:CPHRF) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

  • Cipher Pharmaceuticals Inc. (CPH:CA) Q1 2026 Earnings Call Transcript

  • CaryHealth Launches Direct-to-Patient Program for Cipher Pharmaceuticals' Natroba™ (spinosad)

  • Cipher Pharmaceuticals (OTCMKTS:CPHRF) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

  • Cipher Pharmaceuticals Inc. (CPH:CA) Q4 2025 Earnings Call Transcript

  • Cipher Pharmaceuticals (OTCMKTS:CPHRF) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

  • Cipher Pharmaceuticals Inc. (CPH:CA) Q3 2025 Earnings Call Transcript

  • Halvio Capital Q3 2025 Position Updates

  • Cipher Pharmaceuticals Inc. (CPHRF) Q2 2025 Earnings Call Transcript

  • Cipher Pharmaceuticals Inc. (CPHRF) Q1 2025 Earnings Call Transcript

  • Most Topical Earnings Summaries And Commentary For April 2025

  • Cipher Pharmaceuticals Inc. (CPHRF) Q4 2024 Earnings Call Transcript

  • Cipher Pharmaceuticals Inc. (CPHRF) Q1 2024 Earnings Call Transcript

  • Cipher Pharmaceuticals Announces Participation in the 2024 Bloom Burton & Co. Healthcare Investor Conference

  • Cipher Pharmaceuticals Inc. (CPHRF) Q3 2023 Earnings Call Transcript

  • Cipher Pharmaceuticals Inc. (CPHRF) Q2 2023 Earnings Call Transcript