URGNUroGen Pharma Ltd.
Is the business good?
The checks split: margins widening, but 1 of 9 health tests passed.
Weak, deteriorating fundamentals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is URGN?
UroGen Pharma Ltd. keeps −35% of every revenue dollar as operating profit, against −77% for the median Biotechnology name.
Operating margin · Biotechnology median −77% · 12 months to Q2 2026
- R&D as % of revenue
- 32%
R&D as % of revenue
- Gross margin
- 91%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −1074% |
| FY2021 | −192% |
| FY2022 | −123% |
| FY2023 | −79% |
| FY2024 | −107% |
| FY2025 | −114% |
Details›
- Gross margin12 months to Q2 2026
- 91%
- Operating margin12 months to Q2 2026
- −35%
- Net margin12 months to Q2 2026
- −52%
- Free cash flow margin
- −84%
- R&D as % of revenue
- 32%
- Revenue, trailing twelve months
- $189M
- Free cash flow, trailing twelve months
- −$159M
- Net income, trailing twelve months
- −$98M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.