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AI brief of an SEC Form 8-K · Alkermes (ALKS)

Alkermes Q1 revenue rises to $392.9 million; GAAP net loss $66.5 million

Mixed Impact 4 of 5 earnings Written later

Alkermes reported first-quarter 2026 revenue of $392.9 million, up from $306.5 million a year earlier, after completing its Avadel acquisition in February 2026. The company posted a GAAP net loss of $66.5 million, compared with net income of $22.5 million a year earlier, and improved its 2026 GAAP net loss and EBITDA expectations, while revenue expectations were unchanged. For shareholders, revenue growth is offset by a larger GAAP loss driven by acquisition-related costs and amortization.

Key points

  • Q1 2026 total revenues were $392.9 million, versus $306.5 million in Q1 2025; proprietary net sales were $338.1 million.
  • GAAP net loss was $66.5 million, or $0.40 per share, versus GAAP net income of $22.5 million in Q1 2025.
  • Adjusted EBITDA was $80.3 million, versus $45.6 million; the company also recorded $55.8 million of costs related to the Avadel acquisition.

The filing

CompanyAlkermes (ALKS)
Form8-K, current report
Filed with the SECMay 5, 2026, 7:05 AM ET
Accession number0001193125-26-205008

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.