TVTX

Travere Therapeutics, Inc.

Ticker: TVTXHealthcarePharmaceutical Preparations
HQ SAN DIEGO, CACIK 1438533FY end 12-31Book / share $0.26Shares 93M
Revenue (FY)
$490.73M+110.45%
TTM $591.33M
Op. margin
-12.80%+126.08%
TTM -6.84%
Net income
$-50.26M+84.32%
TTM $-67.68M
Operating cash
$37.78M+115.91%
TTM $92.70M
Free cash flow
$37.78M+115.91%
TTM $92.70M
Return on equity
-22.25%+517.91%
TTM -177.24%
Debt / equity
2.71-3.70%
TTM 24.58
Shares outstanding
89.2M+13.09%
TTM 92.7M

The business

Travere Therapeutics, Inc. (NASDAQ: TVTX) is a biopharmaceutical company focused on identifying, developing, and delivering therapies to patients living with rare kidney and metabolic diseases. The company maintains its headquarters in San Diego, California, and operates with a strategic vision to become a leading innovator in the rare disease treatment space.

The company's commercial portfolio centers on FILSPARI (sparsentan), which received full FDA approval in September 2024 for slowing kidney function decline in adults with primary Immunoglobulin A nephropathy (IgAN). FILSPARI is the only oral, once-daily, non-immunosuppressive medication that directly targets glomerular injury by blocking endothelin-1 and angiotensin II pathways. The company also markets Thiola and Thiola EC (tiopronin) for treating cystinuria, a rare genetic cystine transport disorder. In August 2023, Travere divested its bile acid product portfolio, including Chenodal and Cholbam, to Mirum Pharmaceuticals, with potential milestone payments tied to future sales performance.

The clinical pipeline includes sparsentan for focal segmental glomerulosclerosis (FSGS), with a supplemental new drug application under FDA review with a target action date of April 13, 2026. The company is also advancing pegtibatinase, a novel enzyme replacement therapy for classical homocystinuria (HCU), currently in pivotal Phase 3 HARMONY Study development following a voluntary enrollment pause to optimize manufacturing processes. Enrollment activities restarted in the first quarter of 2026.

Travere has established strategic partnerships to expand its global reach. The company licensed sparsentan rights to CSL Vifor for European markets and to Chugai Pharmaceutical for Japan, South Korea, and Taiwan. In April 2025, the European Commission converted FILSPARI's conditional marketing authorization to standard approval, and the company received a $17.5 million regulatory milestone payment.

The company's business model emphasizes reinvesting revenues from commercialized products into research and development efforts. Travere operates with an accelerated filer status and maintains a disciplined approach to in-licensing and acquisition opportunities, focusing on therapeutic candidates addressing severe unmet medical needs in rare disease populations with identifiable orphan drug designations.

Sector
Healthcare
Industry
Pharmaceutical Preparations
HQ
SAN DIEGO, CA
FY end
12-31
CIK
1438533
SIC
2834
Financial performance · annual
20132025
$-473.10M$-182.80M$107.50M$397.80M$688.10M2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Travere Therapeutics, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

287
funds hold it
1 of 35
superinvestors hold it
$1.96B
fund-held value
41.0%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$167.47M
iShares Russell 2000 ETF
IWM · iShares Trust
0.16%$130.38M
Strategic Advisers Fidelity U.S. Total Stock Fund
FCTDX · Fidelity Rutland Square Trust II
0.05%$121.74M
State Street(R) SPDR(R) S&P(R) Biotech ETF
XBI · SPDR SERIES TRUST
1.13%$121.01M
Nomura Small Cap Core Fund
DCCAX · Delaware Group Equity Funds V
1.78%$98.42M

Superinvestors in Travere Therapeutics, Inc.

Polen CapitalNEW
Polen Capital Management
<0.1%

Share of each manager's reported 13F portfolio.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

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15 years of Travere Therapeutics, Inc.'s financials

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