Exhibit 99.1

img66337839_0.jpg

 

 

Lantheus Reports Second Quarter 2025 Financial Results and Provides Business Update

Recorded second quarter 2025 worldwide revenue of $378.0 million, GAAP fully diluted earnings per share of $1.12, adjusted fully diluted earnings per share of $1.57 and free cash flow of $79.1 million
Announced FDA acceptance of NDA for new formulation for piflufolastat F 18 PSMA PET imaging agent with a PDUFA date of March 6, 2026
Closed acquisition of Life Molecular Imaging in July, immediately expanding near- and long-term growth profile and commercial portfolio with Neuraceq® (florbetaben F 18 injection), a globally approved beta-amyloid targeted radiodiagnostic for Alzheimer's disease; FDA label expansion for Neuraceq in June
Board of Directors authorized a program to repurchase up to $400 million of Lantheus common stock, replacing the 12-month program announced in November 2024
Provided updated corporate guidance for full year 2025 revenue and adjusted fully diluted earnings per share, reflecting the Life Molecular Imaging acquisition and current business outlook

BEDFORD, Mass., August 6, 2025 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (Lantheus or the Company) (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today reported financial results for its second quarter ended June 30, 2025.

“In the second quarter and the month thereafter, we completed the acquisitions of both Evergreen Theragnostics and Life Molecular Imaging – key steps in executing our strategy to expand capabilities across the radiopharmaceutical value chain, diversify revenue, including with Neuraceq, and drive future growth. At the same time, we navigated increased competition in the PSMA PET landscape, which impacted PYLARIFY performance. We are taking actions to reinforce PYLARIFY’s clinical differentiation and support the value of our PSMA PET franchise,” said Brian Markison, CEO. “Today, we announced the FDA has accepted our NDA for a new PSMA PET formulation and the Board authorized a new $400 million stock repurchase program, which reflects our confidence in our long-term strategy to deliver value for our business, patients, and shareholders.”

Summary Financial Results

 

 

Three Months Ended
June 30,

 

(in millions, except per share data - unaudited)

 

2025

 

 

2024

 

 

% Change

 

Worldwide revenue

 

$

378.0

 

 

$

394.1

 

 

 

(4.1

%)

GAAP net income

 

$

78.8

 

 

$

62.1

 

 

 

26.9

%

GAAP fully diluted earnings per share

 

$

1.12

 

 

$

0.88

 

 

 

27.3

%

Adjusted net income (non-GAAP)

 

$

110.6

 

 

$

126.8

 

 

 

(12.8

%)

Adjusted fully diluted earnings per share (non-GAAP)

 

$

1.57

 

 

$

1.80

 

 

 

(12.8

%)

Second Quarter 2025

Sales of PYLARIFY were $250.6 million, a decrease of 8.3%.
Sales of DEFINITY were $83.9 million, an increase of 7.5%.
Operating income decreased 14.4% to $88.0 million. Adjusted operating income (non-GAAP) decreased 10.8% to $152.6 million.
Fully diluted earnings per share increased 27.3% to $1.12, compared to $0.88 in the prior year period. Adjusted fully diluted earnings per share (non-GAAP) decreased 12.8% to $1.57, compared to $1.80 in the prior year period.

Page 1 of 11


 

Net cash provided by operating activities and free cash flow were $87.1 million and $79.1 million, respectively.

Balance Sheet

At June 30, 2025, the Company's cash and cash equivalents were $695.6 million, after payment of $276.4 million for the Evergreen Theragnostics, Inc. (“Evergreen”) acquisition, which closed early in the second quarter of 2025, compared to $912.8 million at December 31, 2024.
The Company currently has access to up to $750.0 million from a revolving line of credit.

Recent Business Highlights

Business Development Updates

In July, the Company announced the completion of the acquisition of Life Molecular Imaging, a global radiopharmaceutical company dedicated to developing and offering novel cutting-edge radiopharmaceuticals that improve early detection and characterization of chronic and life-threatening diseases. Through the transaction, Lantheus acquired Neuraceq, a globally approved beta-amyloid targeted radiodiagnostic for Alzheimer’s disease, as well as an international commercial footprint and infrastructure.
In June, the FDA approved an updated label for Neuraceq, expanding the clinical indication to include the use in both diagnostic assessment and identification of appropriate candidates for FDA-approved amyloid-targeting therapies. The expanded label also includes the utilization of quantitative amyloid plaque metrics in conjunction with visual image interpretation and broader use for monitoring of therapy and following progression to Alzheimer's disease.
In May, the Company announced an agreement to sell its SPECT business to Illuminated Holdings, Inc., the parent company of SHINE Technologies, LLC (“SHINE”). The transaction allows Lantheus to focus on growing its commercial portfolio of innovative PET radiodiagnostics and microbubbles, while advancing its pipeline of radiopharmaceuticals. The transaction is expected to close by the end of the year, subject to customary closing conditions.
In April, the Company announced the completion of the acquisition of Evergreen, a clinical-stage radiopharmaceutical company based in New Jersey. Through the transaction, Lantheus acquired OCTEVY™, a registrational-stage PET imaging agent targeting neuroendocrine tumors, which complements Lantheus’ therapeutic candidate PNT2003, and also acquired a portfolio of clinical and pre-clinical theranostic pairs. The acquisition also advances Lantheus’ capabilities with the addition of Evergreen’s radioligand therapy manufacturing infrastructure, including a revenue-generating CDMO business.

Radiopharmaceutical Pipeline Updates

This morning, the Company announced FDA acceptance of a new drug application (“NDA”) for a new formulation of piflufolastat F 18 PSMA PET imaging agent. The new formulation will increase batch size by ~50%, which would allow Lantheus to serve significantly more patients while maintaining the same high standards that have made PYLARIFY the trusted choice for providers.
In April, the Company announced that MK-6240, its next-generation tau imaging agent, met its primary endpoints in two pivotal clinical studies assessing the investigational asset’s sensitivity and specificity. The Company plans to submit an NDA to the FDA in the third quarter of 2025.

Other Key Updates

Full Year 2025 Updated Corporate Financial Guidance

 

 

Guidance Issued August 6, 2025

 

Guidance Issued May 7, 2025

FY 2025 Revenue

 

$1.475 billion - $1.51 billion

 

$1.550 billion - $1.585 billion

FY 2025 Adjusted fully diluted EPS

 

$5.50 - $5.70

 

$6.60 - $6.70

 

 

 

 

 

On a forward-looking basis, the Company does not provide GAAP income per common share guidance or a reconciliation of GAAP income per common share to adjusted fully diluted EPS because the Company is unable to predict with reasonable certainty business development and acquisition related expenses, purchase accounting fair value adjustments, and any one-time, non-recurring charges. These items are uncertain,

Page 2 of 11


 

depend on various factors, and could be material to results computed in accordance with GAAP. As a result, it is the Company’s view that a quantitative reconciliation of adjusted fully diluted EPS on a forward-looking basis is not available without unreasonable effort.  

Conference Call and Webcast

As previously announced, the Company will host a conference call and webcast on Wednesday, August 6, 2025, at 8:00 a.m. ET. To access the conference call or webcast, participants should register online at https://investor.lantheus.com/news-events/calendar-of-events.

A replay will be available approximately two hours after completion of the webcast and will be archived on the same web page for at least 30 days.

The conference call will include a discussion of non-GAAP financial measures. Reference is made to the most directly comparable GAAP financial measures, the reconciliation of the differences between the two financial measures, and the other information included in this press release, our Form 8-K filed with the SEC today, or otherwise available in the Investor Relations section of our website located at www.lantheus.com.

The conference call may include forward-looking statements. See the cautionary information about forward-looking statements in the safe-harbor section of this press release.

About Lantheus

Lantheus is the leading radiopharmaceutical-focused company, delivering life-changing science to enable clinicians to Find, Fight and Follow disease to deliver better patient outcomes. Headquartered in Massachusetts with offices in New Jersey, Canada, Germany, Sweden and Switzerland, Lantheus has been providing radiopharmaceutical solutions for nearly 70 years. For more information, visit www.lantheus.com.

Internet Posting of Information

The Company routinely posts information that may be important to investors in the “Investors” section of its website at www.lantheus.com. The Company encourages investors and potential investors to consult its website regularly for important information about the Company. 

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, such as adjusted net income and its line components; adjusted net income per share - fully diluted; adjusted operating income, and free cash flow. The Company’s management believes that the presentation of these measures provides useful information to investors. These measures may assist investors in evaluating the Company’s operations, period over period. However, these measures may exclude items that may be highly variable, difficult to predict and of a size that could have a substantial impact on the Company’s reported results of operations for a particular period. Management uses these and other non-GAAP measures internally for evaluation of the performance of the business, including the evaluation of results relative to employee performance compensation targets. Investors should consider these non-GAAP measures only as a supplement to, not as a substitute for or as superior to, measures of financial performance prepared in accordance with GAAP.

Page 3 of 11


 

Safe Harbor for Forward-Looking and Cautionary Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their use of terms such as “advance,” “believe,” “continue,” “could,” “driving,” “expect,” “guidance,” “maintain,” “may,” “on track,” “plan,” “potential,” “predict,” “progress,” “should,” “target,” “will,” “would” and other similar terms. Such forward-looking statements include our guidance for the fiscal year 2025 and our plans to expand our portfolio of late-stage assets and high potential early-stage candidates, our acquisitions of Evergreen and Life Molecular and our plans to divest our SPECT business to SHINE, and are based upon current plans, estimates and expectations that are subject to risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Risks and uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements include: (i) continued market expansion and penetration for our established commercial products, particularly PYLARIFY and DEFINITY, in a competitive environment and our ability to clinically and commercially differentiate our products; (ii) our ability to have third parties manufacture our products and our ability to manufacture DEFINITY in our in-house manufacturing facility, in amounts and at the times needed; (iii) the availability of raw materials, key components, and equipment, either used in the production of our products and product candidates, or in the use by healthcare professionals (“HCPs”) of our products and product candidates, including, but not limited to positron emission tomography (“PET”) scanners for PYLARIFY, MK-6240 and NAV-4694; (iv) our ability to satisfy our obligations under our existing clinical development partnerships using MK-6240 or NAV-4694 as a research tool and under the license agreements through which we have rights to MK-6240 and NAV-4694, and to further develop and commercialize MK-6240 and NAV-4694 as approved products, including the timing for any potential regulatory submissions for these investigational assets; (v) our ability to successfully integrate acquisitions, including of Life Molecular and Evergreen, including the potential for unforeseen expenses related to integration activities, the accuracy of our financial models, the potential for unforeseen liabilities within those businesses, the ability to integrate disparate information technology systems, retain key talent and create a merged corporate culture that successfully realizes the full potential of the combined organization; (vi) our ability to obtain U.S. Food and Drug Administration (“FDA”) approval for our new F 18 PSMA PET product candidate, to complete the technology transfer across our PET manufacturing facilities network for such new product candidate, and to obtain adequate coding, coverage and payment, including transitional pass-through payment status, for such new product candidate; (vii) our ability to complete the sale of our single-photon emission computerized tomography (“SPECT”) business to SHINE on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary regulatory approvals and satisfaction of other closing conditions to consummate the transaction, unforeseen expenses related to the divestiture, and failure to realize the expected benefits of the transaction; (viii) our ability to obtain FDA approval for LNTH-2501, our investigational kit for the preparation of Gallium-68 DOTATOC, which may be used in conjunction with a PET scan to stage and localize gastroenteropancreatic neuroendocrine tumors in adults and children, and approval for PNT2003, and to be successful in the patent litigation associated with PNT2003; (ix) the cost, efforts and timing for clinical development, regulatory approval, adequate coding, coverage and payment and successful commercialization of our product candidates and new clinical applications and territories for our products, in each case, that we or our strategic partners may undertake; (x) our ability to identify opportunities to collaborate with strategic partners and to acquire or in-license additional diagnostic and therapeutic product opportunities in oncology, neurology and other strategic areas and continue to grow and advance our pipeline of products; and (xi) the risk and uncertainties discussed in our filings with the Securities and Exchange Commission (including those described in the Risk Factors section in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q).

- Tables Follow -

Page 4 of 11


 

Lantheus Holdings, Inc.

Consolidated Statements of Operations

(in thousands, except per share data – unaudited)

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenues

 

$

378,045

 

 

$

394,091

 

 

$

750,809

 

 

$

764,066

 

Cost of goods sold

 

 

137,034

 

 

 

138,317

 

 

 

272,098

 

 

 

266,446

 

Gross profit

 

 

241,011

 

 

 

255,774

 

 

 

478,711

 

 

 

497,620

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

 

41,041

 

 

 

45,035

 

 

 

83,544

 

 

 

90,581

 

General and administrative

 

 

66,515

 

 

 

47,409

 

 

 

123,331

 

 

 

95,304

 

Research and development

 

 

45,489

 

 

 

60,601

 

 

 

81,803

 

 

 

108,625

 

Total operating expenses

 

 

153,045

 

 

 

153,045

 

 

 

288,678

 

 

 

294,510

 

Gain on sale of assets

 

 

 

 

 

 

 

 

 

 

 

6,254

 

Operating income

 

 

87,966

 

 

 

102,729

 

 

 

190,033

 

 

 

209,364

 

Interest expense

 

 

4,917

 

 

 

4,862

 

 

 

9,721

 

 

 

9,721

 

Investment in equity securities - unrealized (gain) loss

 

 

(14,573

)

 

 

22,537

 

 

 

289

 

 

 

(38,167

)

Other income

 

 

(6,895

)

 

 

(9,044

)

 

 

(21,023

)

 

 

(17,832

)

Income before income taxes

 

 

104,517

 

 

 

84,374

 

 

 

201,046

 

 

 

255,642

 

Income tax expense

 

 

25,762

 

 

 

22,301

 

 

 

49,346

 

 

 

62,503

 

Net income

 

$

78,755

 

 

$

62,073

 

 

$

151,700

 

 

$

193,139

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.15

 

 

$

0.89

 

 

$

2.21

 

 

$

2.80

 

Diluted

 

$

1.12

 

 

$

0.88

 

 

$

2.14

 

 

$

2.74

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

68,516

 

 

 

69,356

 

 

 

68,591

 

 

 

69,056

 

Diluted

 

 

70,312

 

 

 

70,601

 

 

 

70,896

 

 

 

70,364

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 5 of 11


 

Lantheus Holdings, Inc.

Consolidated Revenues Analysis

(in thousands, except percent data – unaudited)

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

Change $

 

 

Change %

 

 

 

2025

 

 

 

2024

 

 

Change $

Change %

 

PYLARIFY

 

$

250,642

 

 

$

273,255

 

 

$

(22,613

)

 

 

(8.3

)%

 

$

508,296

 

 

$

532,125

 

 

$

(23,829

)

 

 

(4.5

)%

Other radiopharmaceutical oncology

 

 

 

 

 

 

 

 

 

%

 

 

 

 

 

384

 

 

 

(384

)

 

 

(100.0

)%

Total radiopharmaceutical oncology

 

 

250,642

 

 

 

273,255

 

 

 

(22,613

)

 

 

(8.3

)%

 

 

508,296

 

 

 

532,509

 

 

 

(24,213

)

 

 

(4.5

)%

DEFINITY

 

 

83,939

 

 

 

78,100

 

 

 

5,839

 

 

 

7.5

%

 

 

163,150

 

 

 

154,664

 

 

 

8,486

 

 

 

5.5

%

TechneLite

 

 

24,982

 

 

 

28,186

 

 

 

(3,204

)

 

 

(11.4

)%

 

 

44,693

 

 

 

49,900

 

 

 

(5,207

)

 

 

(10.4

)%

Other precision diagnostics

 

 

6,892

 

 

 

5,825

 

 

 

1,067

 

 

 

18.3

%

 

 

12,333

 

 

 

11,757

 

 

 

576

 

 

 

4.9

%

Total precision diagnostics

 

 

115,813

 

 

 

112,111

 

 

 

3,702

 

 

 

3.3

%

 

 

220,176

 

 

 

216,321

 

 

 

3,855

 

 

 

1.8

%

Strategic partnerships and other revenue

 

 

11,590

 

 

 

8,725

 

 

 

2,865

 

 

 

32.8

%

 

 

22,337

 

 

 

15,236

 

 

 

7,101

 

 

 

46.6

%

Total revenues

 

$

378,045

 

 

$

394,091

 

 

$

(16,046

)

 

 

(4.1

)%

 

$

750,809

 

 

$

764,066

 

 

$

(13,257

)

 

 

(1.7

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 6 of 11


 

Lantheus Holdings, Inc.

Reconciliation of GAAP to Non-GAAP Financial Measures

(in thousands, except per share and percent data – unaudited)

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income

 

$

78,755

 

 

$

62,073

 

 

$

151,700

 

 

$

193,139

 

Stock and incentive plan compensation

 

 

22,321

 

 

 

18,479

 

 

 

43,519

 

 

 

33,863

 

Amortization of acquired intangible assets

 

 

7,971

 

 

 

10,122

 

 

 

15,987

 

 

 

20,053

 

Campus consolidation costs

 

 

7

 

 

 

(5

)

 

 

67

 

 

 

14

 

Contingent consideration fair value adjustments

 

 

 

 

 

100

 

 

 

 

 

 

100

 

Non-recurring fees

 

 

155

 

 

 

 

 

 

2,633

 

 

 

 

Gain on sale of assets

 

 

 

 

 

 

 

 

 

 

 

(6,254

)

Strategic collaboration and license costs

 

 

10,000

 

 

 

38,191

 

 

 

15,413

 

 

 

66,191

 

Investment in equity securities - unrealized (gain) loss(a)

 

 

(14,531

)

 

 

22,537

 

 

 

331

 

 

 

(38,167

)

Acquisition, integration and divestiture-related costs

 

 

22,921

 

 

 

821

 

 

 

27,672

 

 

 

1,609

 

Other

 

 

1,231

 

 

 

679

 

 

 

(3,221

)

 

 

1,468

 

Income tax effect of non-GAAP adjustments(b)

 

 

(18,206

)

 

 

(26,158

)

 

 

(34,002

)

 

 

(26,859

)

Adjusted net income

 

$

110,624

 

 

$

126,839

 

 

$

220,099

 

 

$

245,157

 

Adjusted net income, as a percentage of revenues

 

 

29.3

%

 

 

32.2

%

 

 

29.3

%

 

 

32.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income per share - diluted

 

$

1.12

 

 

$

0.88

 

 

$

2.14

 

 

$

2.74

 

Stock and incentive plan compensation

 

 

0.32

 

 

 

0.26

 

 

 

0.61

 

 

 

0.48

 

Amortization of acquired intangible assets

 

 

0.11

 

 

 

0.14

 

 

 

0.23

 

 

 

0.28

 

Campus consolidation costs

 

 

0.00

 

 

 

(0.00

)

 

 

0.00

 

 

 

0.00

 

Contingent consideration fair value adjustments

 

 

 

 

 

0.00

 

 

 

 

 

 

0.00

 

Non-recurring fees

 

 

0.00

 

 

 

 

 

 

0.04

 

 

 

 

Gain on sale of assets

 

 

 

 

 

 

 

 

 

 

 

(0.09

)

Strategic collaboration and license costs

 

 

0.14

 

 

 

0.54

 

 

 

0.22

 

 

 

0.94

 

Investment in equity securities - unrealized (gain) loss(a)

 

 

(0.21

)

 

 

0.32

 

 

 

0.00

 

 

 

(0.54

)

Acquisition, integration and divestiture-related costs

 

 

0.33

 

 

 

0.01

 

 

 

0.39

 

 

 

0.02

 

Other

 

 

0.02

 

 

 

0.01

 

 

 

(0.05

)

 

 

0.02

 

Income tax effect of non-GAAP adjustments(b)

 

 

(0.26

)

 

 

(0.36

)

 

 

(0.48

)

 

 

(0.37

)

Adjusted net income per share - diluted(c)

 

$

1.57

 

 

$

1.80

 

 

$

3.10

 

 

$

3.48

 

Weighted-average common shares outstanding - diluted

 

 

70,312

 

 

 

70,601

 

 

 

70,896

 

 

 

70,364

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Non-GAAP amount excludes a gain of $42 from the change in value of other assets for the three and six months ended June 30, 2025.
(b)
The income tax effect of the adjustments between GAAP net income and adjusted net income (non-GAAP) takes into account the tax treatment and related tax rate that apply to each adjustment in the applicable tax jurisdiction.
(c)
Amounts may not add due to rounding.

Page 7 of 11


 

Lantheus Holdings, Inc.

Reconciliation of GAAP to Non-GAAP Financial Measures (Continued)

(in thousands, except per share and percent data – unaudited)

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating income

 

$

87,966

 

 

$

102,729

 

 

$

190,033

 

 

$

209,364

 

Stock and incentive plan compensation

 

 

22,321

 

 

 

18,479

 

 

 

43,519

 

 

 

33,863

 

Amortization of acquired intangible assets

 

 

7,971

 

 

 

10,122

 

 

 

15,987

 

 

 

20,053

 

Campus consolidation costs

 

 

7

 

 

 

(5

)

 

 

67

 

 

 

14

 

Contingent consideration fair value adjustments

 

 

 

 

 

100

 

 

 

 

 

 

100

 

Non-recurring fees

 

 

155

 

 

 

 

 

 

2,633

 

 

 

 

Gain on sale of assets

 

 

 

 

 

 

 

 

 

 

 

(6,254

)

Strategic collaboration and license costs

 

 

10,000

 

 

 

38,191

 

 

 

15,413

 

 

 

66,191

 

Acquisition, integration and divestiture-related costs

 

 

22,921

 

 

 

821

 

 

 

27,672

 

 

 

1,609

 

Other

 

 

1,231

 

 

 

679

 

 

 

1,506

 

 

 

1,468

 

Adjusted operating income

 

$

152,572

 

 

$

171,116

 

 

$

296,830

 

 

$

326,408

 

Adjusted operating income, as a percentage of revenues

 

 

40.4

%

 

 

43.4

%

 

 

39.5

%

 

 

42.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 8 of 11


 

Lantheus Holdings, Inc.

Reconciliation of Free Cash Flow

(in thousands – unaudited)

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net cash provided by operating activities

 

$

87,106

 

 

$

84,720

 

 

$

194,669

 

 

$

211,958

 

Capital expenditures

 

 

(7,961

)

 

 

(11,175

)

 

 

(16,679

)

 

 

(19,448

)

Free cash flow

 

$

79,145

 

 

$

73,545

 

 

$

177,990

 

 

$

192,510

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash used in investing activities

 

$

(232,472

)

 

$

(45,086

)

 

$

(296,190

)

 

$

(151,615

)

Net cash (used in) provided by financing activities

 

$

(98,413

)

 

$

99

 

 

$

(116,632

)

 

$

(16,746

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 9 of 11


 

Lantheus Holdings, Inc.

Condensed Consolidated Balance Sheets

(in thousands – unaudited)

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Assets

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash and cash equivalents

 

$

695,572

 

 

$

912,814

 

Accounts receivable, net

 

 

336,579

 

 

 

321,258

 

Inventory

 

 

62,157

 

 

 

68,025

 

Other current assets

 

 

34,093

 

 

 

24,536

 

Assets held for sale

 

 

73,415

 

 

 

 

Total current assets

 

 

1,201,816

 

 

 

1,326,633

 

Investment in equity securities

 

 

45,068

 

 

 

39,489

 

Property, plant and equipment, net

 

 

157,726

 

 

 

176,798

 

Intangibles, net

 

 

359,946

 

 

 

161,761

 

Goodwill

 

 

176,869

 

 

 

61,189

 

Deferred tax assets, net

 

 

138,262

 

 

 

170,233

 

Other long-term assets

 

 

36,390

 

 

 

44,237

 

Total assets

 

$

2,116,077

 

 

$

1,980,340

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

Current portion of long-term debt and other borrowings

 

$

796

 

 

$

974

 

Accounts payable

 

 

40,891

 

 

 

34,560

 

Accrued expenses and other liabilities

 

 

208,600

 

 

 

204,992

 

Liabilities held for sale

 

 

29,845

 

 

 

 

Total current liabilities

 

 

280,132

 

 

 

240,526

 

Asset retirement obligations

 

 

136

 

 

 

23,344

 

Long-term debt and other borrowings, net of current portion

 

 

566,847

 

 

 

565,279

 

Other long-term liabilities

 

 

102,179

 

 

 

63,180

 

Total liabilities

 

 

949,294

 

 

 

892,329

 

Total stockholders’ equity

 

 

1,166,783

 

 

 

1,088,011

 

Total liabilities and stockholders’ equity

 

$

2,116,077

 

 

$

1,980,340

 

 

 

 

 

 

 

 

 

Page 10 of 11


 

###

Contacts:

Mark Kinarney

Vice President, Investor Relations

978-671-8842

ir@lantheus.com

 

Melissa Downs

Executive Director, External Communications

646-975-2533

media@lantheus.com

Page 11 of 11