What is Zevra Therapeutics, Inc.'s warrant liability?

Zevra Therapeutics, Inc. (ZVRA) reported warrant liability of $9.58M in Q4 2025.

What does warrant liability mean?

This represents the fair value of outstanding warrants classified as liabilities, typically due to specific settlement provisions that require mark-to-market accounting. These instruments represent potential future dilution or cash outflows depending on the exercise terms and the company's stock price performance. Investors track this to assess non-cash volatility in the income statement and potential future capital structure changes.

Zevra Therapeutics, Inc. ZVRA Warrant liability

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Other financials

Income statement

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Revenue$36.2M+77.5%

Gross profit$34.3M+80.1%

Operating income$52.1M+1,073%

Net income$37.9M+1,323%

EPS (diluted)$0.60+1,100%

Balance sheet

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Cash & equivalents$95.6M+156%

Total debt$1.1M-98.1%

Total equity$205.8M+402%

Total assets$278.6M+61.3%

Cash flow

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Operating cash flow$6.1M+175%

CapEx$35.0K-64.6%

Free cash flow$6.1M+173%

Valuation

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Market cap$773.23M+56.4%

Enterprise value$678.78M+30.8%

P/E6.2×—

P/S6.3×-5.9×

Profitability

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Gross margin86.1%+7.2pp

Operating margin-103.9%-43.0pp

Net margin101.6%+60.1pp

FCF margin-75%-30.5pp

Returns & leverage

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Return on equity100.7%+60.3pp

Debt / equity0×-1.5×

Current ratio4.9×+1.9×

Where this comes from

Reported directly by Zevra Therapeutics, Inc. in its filing.

Tagged under the XBRL concept zvra:WarrantLiabilityNoncurrent.

The official record: Zevra Therapeutics, Inc.’s 10-K, filed March 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zevra Therapeutics, Inc.'s warrant liability?: Zevra Therapeutics, Inc. (ZVRA) reported warrant liability of $9.58M in Q4 2025.
What does warrant liability mean?: This represents the fair value of outstanding warrants classified as liabilities, typically due to specific settlement provisions that require mark-to-market accounting. These instruments represent potential future dilution or cash outflows depending on the exercise terms and the company's stock price performance. Investors track this to assess non-cash volatility in the income statement and potential future capital structure changes.