Cipher Pharmaceuticals Inc ( (CPHRF) ) has released its Q3 earnings. Here is a breakdown of the information Cipher Pharmaceuticals Inc presented to its investors.
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Cipher Pharmaceuticals Inc., a specialty pharmaceutical company focused on dermatology, has reported its financial results for the third quarter of 2025, showcasing significant growth in key areas. The company, known for its diversified portfolio of commercial and developmental products, operates primarily in Canada, the U.S., and South America.
In the third quarter of 2025, Cipher Pharmaceuticals reported a 24% increase in total revenue, reaching $12.8 million compared to the same period last year. The company’s adjusted EBITDA saw a notable rise of 79%, amounting to $7.3 million. The U.S. market, particularly the Natroba™ product line, played a crucial role in driving this growth, with Natroba™ sales increasing by 47% year-over-year.
Key financial metrics highlight Cipher’s strong performance, including a gross profit increase of 25% to $10.5 million and a net income surge to $5.5 million from $0.3 million in the previous year. The company also made substantial debt repayments, reducing its revolving credit facility balance significantly, and repurchased shares worth $1.6 million.
Looking ahead, Cipher Pharmaceuticals remains focused on expanding its market share for Natroba™ in the U.S. and obtaining regulatory approval in Canada. The company is actively exploring business development opportunities, including product acquisitions and out-licensing strategies, to enhance its growth and profitability.
With a strong cash flow and reduced debt levels, Cipher Pharmaceuticals is well-positioned to pursue strategic growth initiatives and deliver shareholder value, as it continues to capitalize on its robust product portfolio and market presence.

