TG THERAPEUTICS, INC.(TGTX)Stock Analysis
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Rank #417 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
TGTX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for TG THERAPEUTICS, INC. (TGTX), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores TGTX at 68.4/100 on a 32-signal composite quality model, placing it at rank #417 of 2,879 stocks — the top 25% of the AI-ranked universe. TGTX scores in the top quartile across balance sheet strength (99.4), profitability (96.0), revenue growth (93.3). Areas of concern include free cash flow (19.0) and earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 16.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), TG THERAPEUTICS, INC. reports quarterly revenue of $204.9M, net income of $19.8M, an operating margin of 17.0%. Top institutional holders of TGTX by reported 13-F value include BlackRock,, STATE STREET, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. TGTX trades on the Nasdaq exchange and files with the SEC under CIK 1001316. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TGTX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for TG THERAPEUTICS, INC. directly from SEC EDGAR. TG THERAPEUTICS, INC.'s 13F Pro composite quality score has ranged between 8 and 92 since 2021, currently 68.4 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving TGTX's Business? Latest 10-Q Breakdown
✓ 22/22 datapoints verifiedAI-extracted from TG THERAPEUTICS, INC.'s 10-Q filed 2026-05-06 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Product revenue surged 68% YoY to $201.3M driven by BRIUMVI US market penetration and Neuraxpharm supply sales, achieving net income of $19.8M.
Biggest Revenue Drivers
Total revenue: $204.9M+69% YoY
BRIUMVI US sales of $194.8M plus $6.5M sales to Neuraxpharm; greater market penetration in US and commercial supply to ex-US partner.
$2.7M royalty revenue under Neuraxpharm Commercialization Agreement plus $0.9M for development and regulatory activities.
Largest Expense Items
Primarily royalties owed to licensing partner, third-party manufacturing, distribution and overhead; prior-period benefited from pre-approval manufacturing expensed to R&D.
Marketing and media spend and personnel-related costs associated with BRIUMVI commercialization.
License and milestone expenses for Precision License Agreement, increased clinical trial expenses, partially offset by lower manufacturing and development costs for subcutaneous ublituximab.
Margins: Gross margin improved significantly as pre-approval manufacturing costs were fully depleted and commercial-stage operations scaled. Operating income grew to $34.8M from $8.6M YoY despite SG&A expansion, demonstrating operating leverage as revenues accelerated.
Watch Items from the Filing
- Customer concentration: Top 3 customers represent 89% of product revenue (42%, 27%, 20%); heavy reliance on specialty distributors for BRIUMVI commercialization.
- Neuraxpharm performance critical: Ex-US partnership generates revenue from supply ($6.5M Q1) and milestone/royalties ($2.7M); partner execution determines ex-US upside potential.
- Debt refinancing: Raised $750M term loan replacing $250M facility in March 2026, increasing indebtedness and extending maturity to 2031; board approved $300M share repurchase program.
- Accumulated deficit of $1.1B remains despite Q1 profitability; company achieved net income but sustained long-term losses historically; continued commercialization execution critical.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$204.9M
Net Income
Q1 2026
$19.8M
Free Cash Flow
Q1 2026
$-17.9M
Operating Margin
Q1 2026
17.0%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+87.3% YoYNet Income
+1812.4% YoYOperating Income
+194.1% YoYEPS (Diluted)
+1746.7% YoYTotal Assets
+84.1% YoYTotal Debt
+0.5% YoYOp. Cash Flow
+38.9% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $616.3M +87.3% | $329.0M +11713.4% | $2.8M -58.4% | $6.7M +4300.7% | $152.0K +0.0% | $152.0K |
| Net Income | $447.2M +1812.4% | $23.4M +110.4% | $-223.8M +35.7% | $-348.1M | — | — |
| Operating Income | $123.3M +194.1% | $41.9M +119.2% | $-218.3M +36.7% | $-344.8M -26.0% | $-273.6M -56.9% | $-174.4M |
| EPS (Diluted) | $2.77 +1746.7% | $0.15 +109.1% | $-1.65 +37.3% | $-2.63 -8.7% | $-2.42 | — |
| Total Assets | $1.06B +84.1% | $577.7M +198.4% | $193.6M -49.0% | $379.6M -39.3% | $625.6M +648.2% | $83.6M |
| Total Debt | $245.6M +0.5% | $244.4M +243.6% | $71.1M +3.5% | $68.7M +32.0% | $52.1M | $0.00 |
| Operating Cash Flow | $-24.8M +38.9% | $-40.5M +77.0% | $-176.2M +40.4% | $-295.6M -37.8% | $-214.5M -66.4% | $-128.9M |
AI Insight: TGTX Financial Trends
Revenue nearly tripled from $73M to $205M in seven quarters, but Q1 2026 debt spike to $745M and equity contraction to $583M demand close scrutiny.
• Revenue grew consistently from $73M in Q2 2024 to $205M in Q1 2026, a 181% increase over seven quarters.
• Operating income rose from $9M in Q2 2024 to $50M in Q4 2025, though Q1 2026 pulled back to $35M.
• Operating cash flow has been erratic — negative in four of eight quarters — with Q1 2026 at -$18M despite strong revenue.
• Equity surged to $648M in Q4 2025 (aided by $391M net income in Q3 2025) but contracted to $583M in Q1 2026.
⚠ Total debt jumped from $246M in Q4 2025 to $745M in Q1 2026 — a $499M single-quarter increase requiring explanation.
⚠ Q3 2025 net income of $391M vs. operating income of $29M suggests a large non-operating gain — sustainability is unclear.
⚠ Operating cash flow conversion remains weak; confirm whether rising revenue will translate to sustained positive OCF.
AI Insight: TGTX Ratio Trends
Debt-to-equity collapsed from 1.27 to 0.38 across H2 2025 before rebounding to 1.28 in Q1 2026, while operating margins remain profitable but volatile quarter-to-quarter.
• Operating margin swung from 7.1% in Q1 2025 to 26.2% in Q4 2025, highlighting significant seasonal or deal-driven earnings variability.
• D/E ratio improved sharply from 1.27 in Q3 2024 to 0.38 by Q4 2025, signaling meaningful deleveraging over that stretch.
• TTM net profit margin of 66.0% far exceeds any single-quarter NPM, suggesting a large one-time gain distorts the trailing figure.
⚠ D/E spiked back to 1.28 in Q1 2026 after reaching 0.38 in Q4 2025 — reverses the prior deleveraging trend abruptly.
⚠ ROIC dropped from 22.6% in Q4 2025 to 10.5% in Q1 2026 — sharpest single-quarter ROIC decline in the dataset.
⚠ Q3 2025 NPM, ROE, and ROA are missing; opacity around that quarter's profitability warrants clarification.
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Top Institutional Holders of TGTX
BlackRock, Inc.
$739.2M22,252,930 shSTATE STREET CORP
$287.3M8,649,766 shVANGUARD PORTFOLIO MANAGEMENT LLC
$274.9M8,273,979 shVANGUARD CAPITAL MANAGEMENT LLC
$219.4M6,603,258 shSoleus Capital Management, L.P.
$133.9M4,029,319 shGEODE CAPITAL MANAGEMENT, LLC
$116.3M3,499,916 shClearbridge Investments, LLC
$106.7M3,210,930 shGOLDMAN SACHS GROUP INC
$76.0M2,287,688 shCONGRESS ASSET MANAGEMENT CO /MA
$72.0M2,168,081 shJANE STREET GROUP, LLC
$67.8M2,041,669 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $739.2M | 22,252,930 |
| STATE STREET CORP | $287.3M | 8,649,766 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $274.9M | 8,273,979 |
| VANGUARD CAPITAL MANAGEMENT LLC | $219.4M | 6,603,258 |
| Soleus Capital Management, L.P. | $133.9M | 4,029,319 |
| GEODE CAPITAL MANAGEMENT, LLC | $116.3M | 3,499,916 |
| Clearbridge Investments, LLC | $106.7M | 3,210,930 |
| GOLDMAN SACHS GROUP INC | $76.0M | 2,287,688 |
| CONGRESS ASSET MANAGEMENT CO /MA | $72.0M | 2,168,081 |
| JANE STREET GROUP, LLC | $67.8M | 2,041,669 |
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Is TGTX a good stock to buy?
13F Pro's AI-powered analysis of TG THERAPEUTICS, INC. (TGTX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TGTX are available on the TGTX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own TGTX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TGTX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of TG THERAPEUTICS, INC.'s investment landscape.