15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 32.5% per year over the past 5 years.
Operating margin has expanded, at -37.5% in the latest year.
Financial health
Total debt ($829M) exceeds cash ($801M); net debt is $28M.
Total debt has grown slower than revenue (10.1% vs 32.5% per year).
Operating income covered interest expense 18× in the latest year, up from -9.4× 5 years ago.
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.6 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.9B
-$713M
98.6%
-37.5%
-$307M
$829M
$801M
2024
$1.8B
$235M
0.0%
12.2%
-$343M
$1.1B
$1.1B
2023
$1.1B
-$536M
0.0%
-23.4%
-$577M
$1.2B
$428M
2022
$844M
-$703M
0.0%
-63.5%
-$356M
$1.5B
$967M
2021
$612M
-$419M
0.0%
-75.1%
-$482M
$564M
$2.1B
2020
$456M
-$554M
0.0%
-123.8%
$25M
—
$1.5B
2019
$381M
-$715M
0.0%
-185.3%
-$516M
—
$835M
2018
$301M
-$362M
0.0%
-114.1%
-$450M
$421M
$371M
2017
$155M
-$51M
0.0%
-111.0%
-$244M
$431M
$600M
2016
$5M
-$267M
0.0%
-4920.3%
-$251M
$18M
$122M
2015
—
-$220M
—
—
—
$27M
$80M
2014
—
-$136M
—
—
—
$7M
$74M
2014
—
-$572M
—
—
—
$2M
$49M
2013
—
-$112M
—
—
-$67M
$2M
$257M
2013
—
-$534M
—
—
-$329M
$2M
$274M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$331M
$331M
0.0%
108.4%
-$205M
$838M
$464M
Dec '25
$370M
-$412M
-7.9%
-111.4%
$128M
$829M
$801M
Sep '25
$370M
-$51M
59.3%
-27.9%
-$38M
$141M
$613M
Jun '25
$513M
$197M
70.3%
22.5%
$230M
—
$511M
Mar '25
$612M
-$448M
77.5%
-49.1%
-$627M
—
$241M
Dec '24
$638M
$159M
79.3%
25.3%
$54M
$1.1B
$1.1B
Sep '24
$430M
$34M
78.7%
5.2%
-$108M
$1.2B
$198M
Jun '24
$361M
$6M
87.6%
-0.2%
-$14M
$1.2B
$384M
Mar '24
$359M
$36M
85.9%
9.7%
-$275M
$1.2B
$427M
Dec '23
$365M
$46M
0.0%
6.7%
-$74M
$1.2B
$428M
Sep '23
$309M
-$41M
0.0%
-6.7%
-$144M
$1.2B
$542M
Jun '23
$239M
-$24M
0.0%
-55.9%
-$140M
$1.2B
$852M
Mar '23
$231M
-$517M
0.0%
-59.7%
-$219M
$1.2B
$872M
Dec '22
$236M
-$109M
0.0%
-45.3%
-$100M
$1.5B
$967M
Sep '22
$208M
-$258M
0.0%
-63.2%
-$73M
$1.5B
$1.0B
Jun '22
$211M
-$231M
0.0%
-100.0%
-$76M
—
$869M
Mar '22
$189M
-$105M
0.0%
-46.0%
-$107M
—
$1.2B
Dec '21
$179M
-$122M
0.0%
-59.2%
-$32M
$564M
$2.1B
Sep '21
$167M
-$48M
0.0%
-20.6%
-$134M
—
$1.6B
Jun '21
$142M
-$81M
0.0%
-118.1%
-$115M
—
$1.7B
Valuation over time
How the market has priced SRPT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 54.6× (Dec '24) to 9.6× (Nov '25).
The price-to-sales ratio has fallen from 17.3× (Mar '23) to 0.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SRPT growing its revenue and profit?
Over the past 5 years, Sarepta Therapeutics, Inc.'s revenue has grown 32.5% per year. These are computed facts, not advice.
How much debt does SRPT have?
As of FY2025, Sarepta Therapeutics, Inc. reported $829M of total debt against $801M of cash; operating income covered interest expense 18×.
What is SRPT's profit margin?
In FY2025, gross margin was 98.6%, operating margin -37.5%, and net margin -38.3%.
What is SRPT's P/E ratio?
As of Jun '26, Sarepta Therapeutics, Inc. traded at a price-to-earnings ratio of about 9.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.