SpringWorks Therapeutics, Inc. acquires, develops, and commercializes medicines for underserved patient populations suffering from rare diseases and cancer. Its lead product candidate is nirogacestat, an oral small molecule gamma secretase inhibitor that is in Phase III clinical trial for the treatment of desmoid tumors. The company is also developing mirdametinib, an oral small molecule MEK inhibitor that is in Phase 2b clinical trials for the treatment of neurofibromatosis type 1-associated plexiform neurofibromas, as well as Phase 1/2a clinical trial for the treatment of NF1-PN; mirdametinib + lifirafenib, a combination therapy that is in Phase 1b/2 clinical trial in patients with advanced or refractory solid tumors; and mirdametinib in monotherapy and combination approaches to treat solid tumors. In addition, it develops BGB-3245, an oral selective small molecule inhibitor of monomeric and dimeric forms of activating BRAF mutations, which is in Phase I clinical trial. The company has collaborations with BeiGene, Ltd., GlaxoSmithKline LLC, and Allogene to develop combination approaches with nirogacestat and mirdametinib; and license agreements with Pfizer Inc. for nirogacestat and mirdametinib. It also has a license agreement with Katholieke Universiteit Leuven and the Flanders Institute for Biotechnology for a portfolio of novel small molecule inhibitors of the TEA Domain; and Dana-Farber Cancer Institute for a portfolio of novel small molecule inhibitors of Epidermal Growth Factor Receptor. In addition, the company has clinical collaboration agreement with Janssen Biotech, Inc., Precision BioSciences, Inc., Seagen Inc., and AbbVie, Inc. SpringWorks Therapeutics, Inc. was founded in 2017 and is headquartered in Stamford, Connecticut.
Revenue of SpringWorks Therapeutics, Inc. (SWTX)
Revenue in 2023 (TTM): $5.45 M
According to SpringWorks Therapeutics, Inc.'s latest financial reports the company's current revenue (TTM) is $5.45 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of SpringWorks Therapeutics, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $5.45 M | $5.03 M | $-341,346,000 | $-325,104,000 | $-325,104,000 |
| 2022 | $6.15 M | $4.25 M | $-280,674,000 | $-277,417,000 | $-274,160,000 |
| 2021 | $ | $-490,000 | $-172,978,000 | $-173,910,000 | $-173,212,000 |
| 2020 | $35 M | $34.65 M | $-45,975,000 | $-45,574,000 | $-44,244,000 |
| 2019 | $ | $-192,000 | $-59,047,000 | $-58,306,000 | $-54,759,000 |
| 2018 | $ | $-17,328 | $-18,474,000 | $-17,813,000 | $-17,813,000 |
| 2017 | $ | $-3,182 | $-4,656,820 | $-4,639,000 | $-4,639,000 |