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United Therapeutics UTHR Net gains (losses) on investments

Net gains (losses) on investments at other companies

Merck & Co. logo
Merck & Co.MRK
$242M+142%
Amgen logo
AmgenAMGN
-$158M
ANI Pharmaceuticals logo
ANI PharmaceuticalsANIP
$741K+123%

Other financials

Income statement

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Revenue$783.3M-1.9%
Gross profit$683.8M-3.8%
Operating income$330.8M-9.2%
Net income$333.0M+7.6%
EPS (diluted)$7.27+13.4%

Balance sheet

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Cash & equivalents$1.8B+13.2%
Total debt$12.2M
Total equity$6.4B-10.8%
Total assets$7.2B-8.7%

Cash flow

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Operating cash flow$313.6M+63.6%
CapEx$108.0M+73.6%
Free cash flow$205.6M+58.8%

Valuation

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Market cap$22.72B+67.2%
P/E17.3×+6.4×
P/S7.2×+2.8×

Profitability

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Gross margin86.1%-2.8pp
Operating margin44.4%-2.6pp
Net margin41.6%+1.2pp
FCF margin34.6%-0.1pp

Returns & leverage

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Return on equity19.3%0.0pp
Debt / equity
Current ratio5.7×-1.5×

Where this comes from

Reported directly by United Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:EquitySecuritiesFvNiUnrealizedGainLoss.

The source filing: United Therapeutics’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 6:31 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001082554-26-000027
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Depreciation and amortization46.840.9
Share-based compensation expense77.369.6
Impairment of property, plant, and equipment21.7
Net unrealized losses on equity securities48.29.3
Deferred income taxes51.6
Other56.84.7
Changes in operating assets and liabilities:
Accounts receivable39.9(100.0)

Item 1. Consolidated Financial Statements

FAQ

What is United Therapeutics's net gains (losses) on investments?
United Therapeutics (UTHR) reported net gains (losses) on investments of $13.4M in Q2 2026.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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