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Medicure (MPH) investor relations material
Medicure Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue for the quarter ended June 30, 2026 was $7.4 million, up from $6.7 million year-over-year.
Net loss increased to $1.4 million ($0.14/share) from $786,000 ($0.08/share) year-over-year, mainly due to a $864,000 CMS liability and higher non-cash amortization expenses.
Adjusted EBITDA improved to $172,000 from negative $28,000 year-over-year, driven by pharmacy segment growth and ZYPITAMAG sales.
Financial highlights
Gross profit for the quarter was $3.2 million, down from $3.4 million year-over-year.
Cost of goods sold rose to $4.2 million from $3.2 million year-over-year.
Research and development expenses were $608,000, down from $741,000 year-over-year.
Unrestricted cash at June 30, 2026 was $1.8 million, down from $3.8 million at December 31, 2025.
Outlook and guidance
Marley Drug aims to grow ZYPITAMAG sales and expand exclusive product offerings and partnerships.
Continued investment in clinical development, including a Phase 3 trial for MC-1 targeting PNPO deficiency.
- Revenue up 44–46% to CAD 7.9M, net loss narrows, MC-1 phase III trial progresses.MPH
Q1 2026 - Expanding branded drug sales and pharmacy reach while advancing R&D for rare diseases.MPH
Investor presentation - Revenue grew 32% to CAD 28.9M, but net loss widened to CAD 7.1M on CMS rebate and R&D.MPH
Q4 2025 - Revenue rose to CAD 8.2M, but net loss widened to CAD 1.4M amid Aggrastat declines and higher costs.MPH
Q3 2025 - Revenue up 29% to $6.7M, net loss narrows, and pharmacy acquisitions drive growth.MPH
Q2 2025 - Net income rose to $680K on $5.2M revenue, aided by a $1.9M legal settlement and pharmacy growth.MPH
Q3 2024 - Q2 2024 net loss of CAD 1.2 million amid revenue decline and higher R&D costs.MPH
Q2 2024 - Net loss of CAD 694,000 on CAD 5.5 million revenue as AGGRASTAT sales fell amid competition.MPH
Q1 2025 - Stable revenue, higher net loss, and growth in Marley Drug and ZYPITAMAG segments.MPH
Q4 2024
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