Summit Therapeutics Inc. income statement SMMT

Annual Quarterly

It recorded a net loss of $1.1 billion. Diluted earnings per share were -$1.44.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Revenue	—	0	0 -100.0%	1 -61.0%	2 +110.3%	1
Research and development	—	—	59 +14.4%	52 -39.1%	85 +60.2%	53
Selling, general and administrative	557 +824.6%	60 +105.8%	29 +9.4%	27 +13.3%	24 +22.8%	19
Operating income	—	-226 +62.9%	-610 -745.7%	-72 +16.4%	-86 -62.0%	-53
Pretax income	-1,080 -387.8%	-221 +64.0%	-615 -680.5%	-79 +11.1%	-89 -67.5%	-53
Income tax	0	—	—	—	0 +100.0%	-0
Net income	-1,080 -387.8%	-221 +64.0%	-615 -680.5%	-79 +11.1%	-89 -68.1%	-53
Basic EPS	-1.44 -364.5%	-0.31 +68.7%	-0.99 -141.5%	-0.41 +38.8%	-0.67 +11.8%	-0.76
Diluted EPS	-1.44 -364.5%	-0.31 +68.7%	-0.99 -141.5%	-0.41 +38.8%	-0.67 +11.8%	-0.76
Weighted average shares, basic	748 +4.1%	719 +16.0%	620 +220.5%	193 +46.8%	132 +89.5%	70
Weighted average shares, diluted	748 +4.1%	719 +16.0%	620 +220.5%	193 +46.8%	132 +89.5%	70
Other measures
Depreciation and amortization	0 +64.0%	0 -55.1%	0 -43.3%	0 +5.8%	0 +9.3%	0
EBITDA	—	-226 +62.9%	-609 -749.5%	-72 +16.4%	-86 -62.3%	-53
Interest coverage	—	-26.02x	—	—	—	—
Margins
Operating margin	—	—	—	-10,225.39%	-4,764.29%	-6,185.23%
Pretax margin	—	—	—	-11,174.75%	-4,897.84%	-6,152.33%
Profit margin	—	—	—	-11,174.75%	-4,897.84%	-6,127.56%
EBITDA margin	—	—	—	-10,175.89%	-4,746.05%	-6,150.12%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Pharmaceutical Preparations (SIC 2834)
Listed as: SMMT (Nasdaq)
Fiscal year ends: December 31
Headquarters: Miami, FL
SEC filer status: Large accelerated filer
SEC CIK: 1599298
Former names: Summit Therapeutics plc (until Sep 17, 2020); Summit Corp plc (until Jan 30, 2015)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.