URGN on Nasdaq
UroGen Pharma Ltd.
We are a biotechnology company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerURGN on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersL31
- Incorporated inIsrael2
- Business address9 Ha'Ta'Asiya St, Ra'Anana, L3 43650072
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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We are a biotechnology company dedicated to developing and commercializing innovative solutions that treat urothelial and specialty cancers. We have developed RTGel reverse-thermal hydrogel, a proprietary sustained release, hydrogel-based technology that has the potential to improve therapeutic profiles of existing drugs. Our technology is designed to enable longer exposure of urinary tract tissue to medications, making local therapy a potentially more effective treatment option. Our approved products Jelmyto (mitomycin) for pyelocalyceal solution and Zusduri (mitomycin) for intravesical solution are designed to ablate tumors by non-surgical means and to treat several forms of non-muscle invasive urothelial cancer, including low-grade upper tract urothelial cancer (“low-grade UTUC”) and recurrent low-grade intermediate risk non-muscle invasive bladder cancer (“low-grade intermediate risk…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Jelmyto brought in 86% of the revenue UroGen Pharma Ltd. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Jelmyto | $90.4M | $94.0M |
| Zusduri | $0 | $15.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue5¢$12.4M
- Research and development29¢$67.1M
- Selling, general and admin66¢$155.1M
- Income tax0¢$78.0K
Out of $109.8M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $109.8M | $90.4M |
| Cost of revenue | $12.4M | $8.9M |
| Gross profit | $97.3M | $81.5M |
| Research and development expenses | $67.1M | $57.1M |
| Selling, general and administrative expenses | $155.1M | $121.2M |
| Operating loss | -$124.9M | -$96.8M |
| Financing on prepaid forward obligation | -$18.5M | -$23.4M |
| Interest expense on long-term debt | -$15.3M | -$12.5M |
| Interest and other income, net | $5.3M | $8.7M |
| Loss before income taxes | -$153.4M | -$124.0M |
| Income tax expense | -$78.0K | -$2.8M |
| Net Loss | -$153.5M | -$126.9M |
| Unrealized income (loss) on investments | -$37.0K | $44.0K |
| Comprehensive Loss | -$153.5M | -$126.8M |
| Net loss per ordinary share - basic and diluted (in dollars per share) | -$3.19 | -$2.96 |
| Weighted average number of shares outstanding used in computation of basic and diluted loss per ordinary share (in shares) | 48.1M shares | 42.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $110.7M | $172.0M | |
| Marketable securities | $9.7M | $64.7M | |
| Restricted cash | $1.4M | $1.1M | |
| Accounts receivable, net | $33.1M | $20.3M | |
| Inventories | $16.5M | $9.2M | |
| Prepaid expenses and other current assets | $14.7M | $8.8M | |
| Total current assets | $186.0M | $276.1M | |
| Property and equipment, net | $637.0K | $655.0K | |
| Restricted deposit | $177.0K | $176.0K | |
| Right-of-Use Assets, Operating and Finance Leases | $8.5M | $3.1M | |
| Marketable securities | $0 | $5.0M | |
| Other non-current assets | $5.2M | $589.0K | |
| Total Assets | $200.5M | $285.7M | |
| Accounts payable and accrued expenses | $27.7M | $27.4M | |
| Employee related accrued expenses | $13.5M | $10.6M | |
| Other Liabilities, Current | $5.2M | $7.9M | |
| Total current liabilities: | $46.4M | $45.9M | |
| Prepaid forward obligation | $127.3M | $121.4M | $109.7M |
| Long-term debt | $122.2M | $121.7M | |
| Lease, Liabilities, Noncurrent | $6.1M | $1.7M | |
| Uncertain tax positions liability | $3.9M | $3.8M | |
| Total Liabilities | $305.9M | $294.5M | |
| Ordinary shares, NIS 0.01 par value; 100,000,000 shares authorized at December 31, 2025 and 2024; 48,350,272 and 42,231,746 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $133.0K | $115.0K | |
| Additional paid-in capital | $854.1M | $797.2M | |
| Accumulated deficit | -$959.7M | -$806.2M | |
| Accumulated other comprehensive income | $19.0K | $56.0K | |
| Total Shareholders' Deficit | -$105.5M | -$8.8M | -$65.2M |
| Total Liabilities and Shareholders' Deficit | $200.5M | $285.7M | |
| Ordinary shares, par value (in ILS per share) | 0.01 ILS | 0.01 ILS | |
| Ordinary shares, authorized (in shares) | 100.0M shares | 100.0M shares | |
| Ordinary shares, issued (in shares) | 48.4M shares | 42.2M shares | |
| Ordinary shares, outstanding (in shares) | 48.4M shares | 42.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $110.7M | $172.0M | |
| Marketable securities | $9.7M | $64.7M | |
| Restricted cash | $1.4M | $1.1M | |
| Accounts receivable, net | $33.1M | $20.3M | |
| Inventories | $16.5M | $9.2M | |
| Prepaid expenses and other current assets | $14.7M | $8.8M | |
| Total current assets | $186.0M | $276.1M | |
| Property and equipment, net | $637.0K | $655.0K | |
| Restricted deposit | $177.0K | $176.0K | |
| Right-of-Use Assets, Operating and Finance Leases | $8.5M | $3.1M | |
| Marketable securities | $0 | $5.0M | |
| Other non-current assets | $5.2M | $589.0K | |
| Total Assets | $200.5M | $285.7M | |
| Accounts payable and accrued expenses | $27.7M | $27.4M | |
| Employee related accrued expenses | $13.5M | $10.6M | |
| Other Liabilities, Current | $5.2M | $7.9M | |
| Total current liabilities: | $46.4M | $45.9M | |
| Prepaid forward obligation | $127.3M | $121.4M | $109.7M |
| Long-term debt | $122.2M | $121.7M | |
| Lease, Liabilities, Noncurrent | $6.1M | $1.7M | |
| Uncertain tax positions liability | $3.9M | $3.8M | |
| Total Liabilities | $305.9M | $294.5M | |
| Ordinary shares, NIS 0.01 par value; 100,000,000 shares authorized at December 31, 2025 and 2024; 48,350,272 and 42,231,746 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $133.0K | $115.0K | |
| Additional paid-in capital | $854.1M | $797.2M | |
| Accumulated deficit | -$959.7M | -$806.2M | |
| Accumulated other comprehensive income | $19.0K | $56.0K | |
| Total Shareholders' Deficit | -$105.5M | -$8.8M | -$65.2M |
| Total Liabilities and Shareholders' Deficit | $200.5M | $285.7M | |
| Ordinary shares, par value (in ILS per share) | 0.01 ILS | 0.01 ILS | |
| Ordinary shares, authorized (in shares) | 100.0M shares | 100.0M shares | |
| Ordinary shares, issued (in shares) | 48.4M shares | 42.2M shares | |
| Ordinary shares, outstanding (in shares) | 48.4M shares | 42.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$153.5M | -$126.9M |
| Depreciation and amortization | $307.0K | $329.0K |
| Accrued financing on prepaid forward obligation | $2.9M | $15.1M |
| Accretion on marketable securities | -$1.9M | -$2.9M |
| Share-based compensation | $12.0M | $13.1M |
| Amortization (accretion) of discount on long-term debt | $476.0K | -$1.3M |
| Amortization of right-of-use assets | $2.1M | $857.0K |
| Acquisitions of IPR&D | $3.1M | $0 |
| Inventory | -$7.2M | -$3.6M |
| Accounts receivable, net | -$12.8M | -$4.9M |
| Prepaid expenses and other current assets | -$5.8M | $1.4M |
| Other non-current assets | -$4.6M | $1.4M |
| Accounts payable and accrued expenses | $286.0K | $10.9M |
| Employee related accrued expenses | $2.9M | -$244.0K |
| Other current liabilities | -$202.0K | $200.0K |
| Lease liabilities | -$639.0K | -$1.0M |
| Restricted deposit | -$1.0K | $49.0K |
| Uncertain tax positions | $112.0K | $597.0K |
| Net cash used in operating activities | -$162.4M | -$96.8M |
| Purchases of marketable securities | -$77.4M | -$128.0M |
| Maturities of marketable securities | $139.2M | $107.7M |
| Purchases of property and equipment | -$289.0K | -$295.0K |
| Net cash provided by (used in) investing activities | $61.6M | -$20.6M |
| Principal payments on finance leases | -$1.9M | $0 |
| Proceeds from exercise of options into ordinary shares | $2.0M | $321.0K |
| Proceeds from issuance of long-term debt, net of issuance costs | $0 | $24.5M |
| Proceeds from pre-funded warrant issuance, net of issuance costs | $0 | $18.6M |
| Proceeds from ordinary shares issuances, net of issuance costs | $39.8M | $151.2M |
| Net cash provided by financing activities | $39.9M | $194.6M |
| Increase (Decrease) in Cash and Cash Equivalents | -$61.0M | $77.2M |
| Right-of-use assets obtained in exchange for new operating and finance lease liabilities | $7.4M | $2.3M |
| Acquisitions of IPR&D | $3.1M | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led UroGen Pharma Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerRon Bentsur Jan 10, 2019 to Jan 10, 201912
- Chief financial officerChris Degnan Oct 9, 2024 to now13
- Chief financial officerMolly Henderson Oct 5, 2020 to Feb 2, 202214
- Chief financial officerPeter P. Pfreundschuh Jan 10, 2019 to Oct 16, 202015
- Chief operating officerStephen Mullennix Jan 10, 2019 to Apr 28, 202016
Board members and other officers (11)
- Chief Medical OfficerMark Schoenberg Jan 10, 2019 to now17
- Board memberLeana Wen Sep 12, 2022 to now18
- Board memberDaniel George Wildman Nov 9, 2022 to now19
- Board memberArie Belldegrun Jan 10, 2019 to now20
- Board memberCynthia M. Butitta Jan 10, 2019 to now21
- Board memberFred E. Cohen Jan 10, 2019 to Aug 8, 202422
- Board memberKathryn E. Falberg Jan 10, 2019 to Jun 9, 202123
- Board memberRan Nussbaum Jan 10, 2019 to Feb 28, 202324
- Board memberRon Bentsur Jan 10, 2019 to Jan 10, 201912
- Board memberShawn Tomasello Jan 10, 2019 to Jun 9, 202125
- Board memberStuart Holden Jan 10, 2019 to now26
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Jan 10, 2019New chief executive Ron Bentsur becomes CEO12
Filings
303 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 50 major events, 121 insider forms, 53 large holders, 1 private raises, 55 other. The latest 20:
- Oct 9, 2026144 EDGAR
- Oct 9, 20264 EDGAR
- Sep 9, 2026144 EDGAR
- Sep 9, 2026144 EDGAR
- Sep 9, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 24, 20264 EDGAR
- Aug 20, 20268-K EDGAR
- Aug 20, 2026144 EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 10, 20264 EDGAR
- Jul 9, 2026144 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
The 303 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
45 open-market trades by officers, directors and large owners since October 2021: 1 buys and 44 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Schoenberg MarkChief Medical Officer | Sale | 871 | $42.92 | $37.4K | Form 4 |
| Sep 8, 2026 | Smith Jason DrewGeneral Counsel | Sale | 1,519 | $42.54 | $64.6K | Form 4 |
| Aug 20, 2026 | Schoenberg MarkChief Medical Officer | Sale | 60,677 | $47.05 | $2.9M | Form 4 |
| Jul 9, 2026 | Schoenberg MarkChief Medical Officer | Sale | 10,000 | $40.00 | $400.0K | Form 4 |
| Jun 22, 2026 | Schoenberg MarkChief Medical Officer | Sale | 10,000 | $35.01 | $350.1K | Form 4 |
| Jun 8, 2026 | Schoenberg MarkChief Medical Officer | Sale | 5,222 | $27.30 | $142.6K | Form 4 |
| May 8, 2026 | Schoenberg MarkChief Medical Officer | Sale | 10,000 | $30.00 | $300.0K | Form 4 |
| Feb 3, 2026 | Smith Jason DrewGeneral Counsel | Sale | 7,479 | $19.69 | $147.3K | Form 4 |
| Feb 3, 2026 | Schoenberg MarkChief Medical Officer | Sale | 7,373 | $19.69 | $145.2K | Form 4 |
| Nov 19, 2025 | Schoenberg MarkChief Medical Officer | Sale | 10,000 | $25.00 | $250.0K | Form 4 |
| Oct 8, 2025 | Degnan ChrisChief Financial Officer | Sale | 2,203 | $16.85 | $37.1K | Form 4 |
| Sep 8, 2025 | Schoenberg MarkChief Medical Officer | Sale | 871 | $19.11 | $16.6K | Form 4 |
| Sep 8, 2025 | Smith Jason DrewGeneral Counsel | Sale | 1,520 | $19.11 | $29.0K | Form 4 |
| Aug 11, 2025 | Schoenberg MarkChief Medical Officer | Sale | 10,000 | $17.69 | $176.9K | Form 4 |
| Jul 28, 2025 | Smith Jason DrewGeneral Counsel | Sale | 7,522 | $19.14 | $144.0K | Form 4 |
| Jul 28, 2025 | Schoenberg MarkChief Medical Officer | Sale | 5,149 | $19.14 | $98.6K | Form 4 |
| Jun 9, 2025 | Schoenberg MarkChief Medical Officer | Sale | 5,162 | $7.37 | $38.0K | Form 4 |
| Jan 31, 2025 | Schoenberg MarkChief Medical Officer | Sale | 4,551 | $11.14 | $50.7K | Form 4 |
| Jan 31, 2025 | Smith Jason DrewGeneral Counsel | Sale | 7,379 | $11.14 | $82.2K | Form 4 |
| Sep 9, 2024 | Schoenberg MarkChief Medical Officer | Sale | 859 | $13.08 | $11.2K | Form 4 |
All 45 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Toronto-Dominion BankSCHEDULE 13G/A, 4 filings Nov 14, 2025 to Aug 12, 202628
- Paradigm Biocapital Advisors LPSCHEDULE 13G/A, 3 filings Aug 12, 2025 to May 15, 202629
- BlackRockSCHEDULE 13G, 3 filings Oct 24, 2024 to Apr 27, 202630
- Cowen Financial Products LLCSCHEDULE 13G/A, 3 filings Jun 13, 2025 to Nov 14, 202531
- RA CAPITAL MANAGEMENT, L.P.SCHEDULE 13G/A, 5 filings Dec 29, 2023 to Aug 14, 202532
- Morgan StanleySCHEDULE 13G, 3 filings Nov 6, 2024 to Aug 6, 202533
- Soleus Capital Master Fund, L.P.SCHEDULE 13G/A, 2 filings Jun 16, 2025 to Aug 5, 202534
- Monograph Capital Holdings Advisors, LLCSCHEDULE 13D/A, 2 filings Aug 4, 2023 to Jun 9, 202535
- Adage Capital Management, L.P.SCHEDULE 13G/A, 3 filings Nov 12, 2024 to May 12, 202536
- MENORA MIVTACHIM HOLDINGS LTD.SCHEDULE 13G/A, 4 filings Jun 12, 2023 to Mar 17, 202537
- Pontifax Management III G.P. (2011) Ltd.SC 13D/A, 1 filing Nov 18, 202438
- GREAT POINT PARTNERS LLCSC 13G/A, 3 filings Sep 15, 2023 to Nov 14, 202439
- Point72 Asset Management, L.P.SC 13G/A, 2 filings Jun 24, 2024 to Nov 14, 202440
- RTW INVESTMENTS, LPSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202441
- COWEN AND COMPANY, LLCSC 13G/A, 2 filings Jun 24, 2024 to Nov 13, 202442
- Moshe ArkinSC 13D/A, 1 filing Feb 22, 202443
- Stonepine Capital Management, LLCSC 13G/A, 3 filings Dec 1, 2022 to Feb 13, 202444
- Credit SuisseSC 13G/A, 1 filing Feb 14, 202245
- Wildcat Capital Management, LLCSC 13G/A, 1 filing Feb 14, 202246
- Wellington Management CompanySC 13G/A, 1 filing Feb 4, 202247
Money raised
Private offerings the company reported to the SEC on Form D.
- Jul 26, 2023Raised $120 million in a private offering of equity Form D: 8 investors so far Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARRon Bentsur, Chief executive officer
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- 18SEC EDGARLeana Wen, Board member
- 19SEC EDGARDaniel George Wildman, Board member
- 20SEC EDGARArie Belldegrun, Board member
- 21SEC EDGARCynthia M. Butitta, Board member
- 22SEC EDGARFred E. Cohen, Board member
- 23SEC EDGARKathryn E. Falberg, Board member
- 24SEC EDGARRan Nussbaum, Board member
- 25SEC EDGARShawn Tomasello, Board member
- 26SEC EDGARStuart Holden, Board member
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