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Companies / Health Care / Trevi Therapeutics, Inc.
TRVI

Trevi Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker TRVINEW HAVEN, CTFiscal year ends DecemberBook value per share $2.13Diluted shares 151.1M

Trevi Therapeutics, Inc. (Nasdaq: TRVI) is a clinical-stage biopharmaceutical company developing Haduvio, an investigational oral extended-release formulation of nalbuphine, for chronic cough in patients with idiopathic pulmonary fibrosis (IPF), non-IPF interstitial lung disease (ILD), and refractory chronic cough.… From the company’s description.

In fiscal 2025, Trevi Therapeutics, Inc. reported a net loss of $42.76M. Operations used $42.09M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-42.76MFY2025
+10.8% year over year
Last 12 mo $-51.11M
-23.33%FY2025
+24.7 percentage points
Last 12 mo -15.90%
Cash & financing
$-42.09MFY2025
−10.0% year over year
Last 12 mo $-52.63M
$-42.10MFY2025
−10.0% year over year
Last 12 mo $-52.87M
0.00FY2025
Was 0.00× a year earlier
134.7MFY2025
+32.1% year over year
Last 12 mo 151.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Trevi Therapeutics, Inc. does

In the company’s own words

Trevi Therapeutics, Inc. (Nasdaq: TRVI) is a clinical-stage biopharmaceutical company developing Haduvio, an investigational oral extended-release formulation of nalbuphine, for chronic cough in patients with idiopathic pulmonary fibrosis (IPF), non-IPF interstitial lung disease (ILD), and refractory chronic cough. Haduvio acts as a kappa-opioid receptor agonist and mu-opioid receptor antagonist, and the company holds worldwide commercial rights. Its development programs address these three patient groups: the IPF program is advancing toward two planned Phase 3 trials, while Phase 2b trials are planned for non-IPF ILD and refractory chronic cough. The company’s potential customers include patients and healthcare providers, with planned U.S. commercialization targeting pulmonologists and other specialists if the drug receives regulatory approval. Trevi licenses nalbuphine rights from Keenova Therapeutics and relies on third parties to supply drug substance and manufacture tablets; it has no manufacturing facilities of its own. Its principal product brand is Haduvio, and it owns the Trevi trademark. Its website is www.trevitherapeutics.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
NEW HAVEN, CT
Fiscal year end
December
CIK
1563880
SIC
2834

Financial performance, year by year

Fiscal 2019–2025 · USD
$-53.61M$-46.10M$-38.58M$-31.06M$-23.54M2019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Trevi Therapeutics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

168
funds hold it
0 of 35
superinvestors hold it
$593.48M
held by funds, at market
25.4%
of shares held by funds

Largest fund holders · Trevi Therapeutics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
Eventide Healthcare & Life Sciences Fund
ETAHX · MUTUAL FUND SERIES TRUST
2.77%of fund net assets
Select Biotechnology Portfolio
FBIOX · Fidelity Select Portfolios
—of fund net assets
Fidelity Small Cap Growth Fund
FCPGX · Fidelity Securities Fund
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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