On November 5, 2026 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, reported financial results for its third quarter ended September 30, 2026.
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In addition, and as previously announced, Lantheus entered into a definitive agreement on August 3, 2026 to merge with Curium under which Curium US Holdings LLC will acquire all outstanding shares of Lantheus for $102.50 per share in cash at closing, plus non-transferable Contingent Value Rights ("CVRs") providing for up to $12.00 per share in potential additional cash payments, subject to achievement of specified commercial milestones for Lantheus’ products through 2030. The transaction represents a total per share consideration of up to $114.50 and a total transaction value of up to approximately $8.0 billion. Together, Curium and Lantheus are positioned to create a radiopharmaceutical company spanning diagnostics and therapeutics, with the infrastructure and capabilities to serve patients in more than 70 countries. The Board of Directors of Lantheus has unanimously approved the transaction. Additional information regarding the transaction is available in the Company’s Current Report on Form 8-K filed with the SEC on August 4, 2026.
In connection with the pending transaction, Lantheus is suspending its previously issued full year 2026 financial guidance and will not be hosting a conference call in connection with its third quarter 2026 results.
Summary Financial Results
Three Months Ended
September 30,
(in millions, except per share data – unaudited) 2026 2025 % Change
Worldwide revenue $ 389.9 $ 384.0 1.5 %
GAAP net income $ 22.4 $ 27.8 (19.4 %)
GAAP fully diluted earnings per share $ 0.33 $ 0.41 (19.5 %)
Adjusted net income (non-GAAP) $ 115.1 $ 85.7 34.3 %
Adjusted fully diluted earnings per share (non-GAAP) $ 1.68 $ 1.27 32.3 %
Third Quarter 2026
Worldwide revenue increased 1.5% to $389.9 million compared to the same period in 2025.
Sales of PYLARIFY were $238.9 million, a decrease of 0.7%.
Sales of Neuraceq were $45.6 million, an increase of 123.0%.
Sales of DEFINITY were $85.7 million, an increase of 4.8%.
Operating income decreased 26.2% to $32.2 million. Adjusted operating income (non-GAAP) increased 28.1% to $153.2 million.
Fully diluted earnings per share decreased 19.5% to $0.33, compared to fully diluted earnings per share of $0.41 in the prior year period. Adjusted fully diluted earnings per share (non-GAAP) increased 32.3% to $1.68, compared to $1.27 in the prior year period.
Net cash provided by operating activities and free cash flow were $102.0 million and $99.9 million, respectively.
Balance Sheet
At September 30, 2026, the Company’s cash and cash equivalents were $683.6 million, compared to $359.1 million at December 31, 2025.
The Company currently has access to up to $750.0 million from a revolving line of credit.
Recent Business Highlights
Received CMS Transitional Pass-Through payment status and a permanent HCPCS code, each effective October 1, 2026, for PYLARIFY TruVu (piflufolastat F18), supporting the Company’s previously announced phased geographic commercial launch.
Received FDA approval for TAUKLARIFY (florquinitau F-18 injection), an F-18-labeled tau PET imaging agent for the evaluation of adults with cognitive impairment being assessed for Alzheimer’s disease. The Company intends to continue supporting Alzheimer’s disease therapeutic programs through its Pharma Solutions business while assessing the appropriate path toward broader commercial availability.
Received final FDA approval for BRAVNETSA (lutetium Lu 177 dotatate), the only radiopharmaceutical the FDA has determined to be bioequivalent and therapeutically equivalent to LUTATHERA for the treatment of adults with somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors; the Company is preparing for a thoughtful commercial launch to support reliable supply and broad patient access.
Dosed the first patient in the SPARROW study, a Phase 2/3 registrational trial evaluating LNTH-2401, the Company’s investigational GRPR-targeted PET imaging agent for prostate cancer; the Phase 3 portion is expected to enroll approximately 400 participants and evaluate diagnostic performance, safety and tolerability.
(Press release, Curium Pharma, NOV 5, 2026, View Source [SID1234674304])