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ZVRA Stock Risk & Deep Value Analysis

Zevra Therapeutics Inc

Healthcare • Biotechnology

DVR Score

9.0

out of 10

Hidden Gem

What You Need to Know About ZVRA Stock

We analyzed Zevra Therapeutics Inc using our deep value framework. Sign in to see our full verdict and DVR Score.

We ran ZVRA through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Moderate. Here's what we found.

Updated May 14, 2026Run Fresh Analysis →

ZVRA Risk Analysis & Red Flags

What Could Go Wrong

Zevra's primary risk is its ability to effectively deploy its substantial cash reserves into accretive M&A or high-potential pipeline development. A failure to acquire or develop new, commercially viable assets could leave the company overly reliant on MIPLYFFA, limiting its long-term growth ceiling and jeopardizing its 10x potential.

Risk Matrix

Overall

Moderate

Financial

Low

Market

Low

Competitive

Medium

Execution

Medium

Regulatory

High

Red Flags

  • Heavy reliance on a single commercial product (MIPLYFFA) for current revenue

  • Insider (Chief Legal Officer) selling shares, albeit under a 10b5-1 plan

  • Absence of a clear, announced pipeline expansion strategy post-debt repayment (though expected)

Upcoming Risk Events

  • 📅

    Disappointing Q2 2026 earnings or guidance revision

  • 📅

    Failure to identify or successfully integrate new pipeline assets

  • 📅

    Adverse clinical trial results for a key candidate

When to Reconsider

  • 🚪

    Exit if quarterly revenue growth decelerates significantly (<20% YoY) for two consecutive quarters.

  • 🚪

    Sell if the company announces a dilutive capital raise without a clear, high-ROI strategic use of funds.

  • 🚪

    Exit if significant M&A activity fails to materialize or proves value-destructive.

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What Does Zevra Therapeutics Inc (ZVRA) Do?

Market Cap

$657.36M

Sector

Healthcare

Industry

Biotechnology

Employees

59

Zevra Therapeutics, Inc., a commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States. The company develops its products through Ligand Activated Technology platform. Its lead product candidate is KP1077, consisting of KP1077IH, which is under Phase 2 clinical trial for the treatment of idiopathic hypersomnia, and KP1077N, which is under Phase 1/2 clinical trial to treat narcolepsy. The company is also developing Celiprolol, a prodrug product candidate that is under Phase 3 clinical trial for the treatment of vascular Ehlers Danlos syndrome. In addition, it offers AZSTARYS, a once-daily treatment for attention deficit and hyperactivity disorder in patients aged six years and older; OLPRUVA to treat urea cycle disorders; and MIPLYFFA for the treatment of niemann pick disease type C, an ultra-rare neurodegenerative lysosomal storage disorder. The company has collaboration and license agreement with Commave Therapeutics SA to develop, manufacture and commercialize the company's product candidates containing SDX and d-methylphenidate; and license agreement with Acer and Relief Therapeutics, Inc. to develop and commercialize rights for OLPRUVA. The company was formerly known as KemPharm, Inc. and changed its name to Zevra Therapeutics, Inc. in February 2023. Zevra Therapeutics, Inc. was incorporated in 2006 and is headquartered in Celebration, Florida.

Visit Zevra Therapeutics Inc Website

Investment Thesis

Zevra Therapeutics is a highly compelling investment opportunity for 10x growth, having significantly de-risked its balance sheet and achieved strong profitability. With over $236M in net cash and a debt-free status, the company is exceptionally well-positioned to execute strategic M&A or accelerate pipeline development in the high-value rare disease sector, translating its current operational success into a multi-product, multi-billion dollar enterprise within 3-5 years.

Is ZVRA Stock Undervalued?

Zevra Therapeutics has solidified its financial strength and strategic positioning. The definitive Q1 2026 earnings beat, coupled with a 78% YoY revenue surge and positive GAAP EPS of $0.60, confirms robust operational execution. Critically, the company is now debt-free with a substantial cash reserve of $236.8M (approximately 41% of its market cap) following the strategic SDX portfolio sale. This significant de-risking provides exceptional financial flexibility for future growth initiatives, including pipeline expansion or strategic M&A. While MIPLYFFA's focus on an ultra-rare disease (NPC) inherently limits the immediate TAM, its strong market penetration and profitability provide a strong base. The current financial health and demonstrated ability to execute on strategic pivots significantly enhance its long-term 10x growth potential by enabling aggressive pursuit of new high-value assets.

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ZVRA Price Targets & Strategy

12-Month Target

$21.00

Bull Case

$30.00

Bear Case

$9.00

Valuation Basis

7x EV/Sales on FY26 estimated revenue (annualized Q1 2026) + net cash

Entry Strategy

Dollar-cost average between $11-$12 (near current price, allowing for minor pullback post-earnings surge).

Exit Strategy

Consider partial profit-taking at $20-$25. Stop-loss at $9.00 to protect against fundamental shifts or broader market downturns.

Portfolio Allocation

5-7% for moderate risk tolerance

Price Targets & Strategy

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Is ZVRA Financially Healthy?

Valuation

P/E Ratio

5.29

Forward P/E

20.49

Profitability

Gross Margin

97.90%

Operating Margin

-4.44%

Net Margin

101.58%

Return on Equity

81.34%

Revenue Growth

201.29%

EPS

$2.15

Balance Sheet

Current Ratio

5.68

Quick Ratio

5.46

Debt/Equity

0.40

Cash & Equivalents

$236.80M

Cash Flow

Operating Cash Flow

$5.10M

Other

Beta (Volatility)

0.87

Does ZVRA Have a Competitive Moat?

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Moat Rating

🛡️ Narrow

Moat Trend

Stable/Expanding

Moat Sources

2 Identified

Intangible Assets/IP (Orphan drug designations, proprietary clinical data)Switching Costs (Established treatment protocols for a rare disease)

The moat for MIPLYFFA is durable due to orphan drug exclusivity and the niche nature of NPC. The overall company moat is expanding as its robust financial position allows for acquisition of additional IP and expansion into new rare disease markets.

Moat Erosion Risks

  • Potential for new, more effective therapies for NPC to emerge
  • Patent expiry for MIPLYFFA in the long term
  • Failure to secure and integrate additional high-value IP to diversify the portfolio

ZVRA Competitive Moat Analysis

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ZVRA Market Intelligence

Sentiment & Insider Activity

Social Sentiment

Bullish, fueled by strong Q1 earnings and debt-free status, generating retail investor interest.

Institutional Sentiment

Positive, likely to see renewed institutional interest and potential analyst upgrades following the strong Q1 results and balance sheet de-risking.

Insider Activity (Form 4)

Rahsaan Thompson (Chief Legal & Compliance Officer) sold 1,794 shares at $11.30/share on May 6, 2026, under a Rule 10b5-1 plan adopted Jan 8, 2026.

Options Flow

Normal options activity; no specific data indicates unusual institutional positioning.

Earnings Intelligence

Next Earnings

Estimated early-August 2026 (for Q2 2026)

Surprise Probability

Medium-High, given the strong Q1 beat and favorable market conditions.

Historical Earnings Pattern

Likely to see positive stock price reactions to earnings beats, especially given the current positive momentum.

Key Metrics to Watch

MIPLYFFA revenue growth and expanded access program performanceOperating expenses and net income trajectoryUpdates on cash utilization and pipeline development plans

Competitive Position

Top Competitor

BioMarin Pharmaceutical Inc (BMRN)

Market Share Trend

Gaining/Stable in the specific NPC market with >40% penetration; potential to gain in broader rare disease segments with pipeline expansion.

Valuation vs Peers

Currently trading at a discount on an EV/Sales basis compared to established rare disease peers given its smaller market cap and fewer commercial assets. The strong cash position provides a significant discount on enterprise value.

Competitive Advantages

  • Orphan drug exclusivity for MIPLYFFA
  • Strong cash position for strategic M&A and R&D
  • Profitable commercialization engine for ultra-rare diseases

Market Intelligence

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What Could Drive ZVRA Stock Higher?

Near-Term (0-6 months)

  • Q2 2026 Earnings (estimated August 2026)
  • Updates on strategic M&A or pipeline development plans
  • Potential new clinical trial initiation for MIPLYFFA or new asset

Medium-Term (6-18 months)

  • Announcement of new asset acquisition or licensing deal
  • Phase 2/3 trial readouts for new pipeline candidates
  • Expansion of MIPLYFFA into new geographies or indications

Long-Term (18+ months)

  • Successful launch and commercialization of multiple new orphan drugs
  • Establishment as a multi-product rare disease leader
  • Significant market share gain in expanded therapeutic areas

Catalysts & Growth Drivers

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What's the Bull Case for ZVRA?

  • Acceleration in revenue growth beyond Q1 2026 levels

  • Announcements of strategic M&A deals for high-potential rare disease assets

  • Progress in advancing new clinical candidates through trials

Bull Case Analysis

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Competing with ZVRA

See how Zevra Therapeutics Inc compares to related companies

CompanyMarket CapDVR ScoreP/ERevenueProfit MarginRev Growth

Zevra Therapeutics Inc

ZVRA

$657.4M9.05.3$36.2M101.6%201.3%

AbbVie Inc

ABBV

$403.8B0.1171.8Compare →

Johnson & Johnson

JNJ

1.0Compare →

Eli Lilly and Co

LLY

$965.0B0.552.6Compare →

Pfizer Inc

PFE

$150.6B0.219.4$62.6B12.4%-1.6%Compare →

UnitedHealth Group Inc

UNH

$357.9B0.329.7$111.7B2.7%9.7%Compare →

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How Zevra Therapeutics Inc Makes Money

Zevra Therapeutics is a specialty pharmaceutical company focused on delivering therapies for patients with rare diseases. The company primarily generates revenue through the commercialization of its flagship product, MIPLYFFA, which treats Niemann-Pick Disease Type C (NPC), an ultra-rare genetic disorder. In addition to direct sales of MIPLYFFA, Zevra also earns revenue from expanded access programs for this drug and receives royalties from previously licensed assets like OLPRUVA and AZSTARYS. Their business model emphasizes identifying unmet medical needs within niche, underserved patient populations and developing or acquiring high-value orphan drugs for these conditions, aiming to establish market leadership in specific rare disease segments.

Read Full Business Model Breakdown

FAQ

What is the DVR Score for Zevra Therapeutics Inc (ZVRA)?

As of May 14, 2026, Zevra Therapeutics Inc has a DVR Score of 9.0 out of 10, placing it in the "Hidden Gem" category. This score is generated by our AI-powered deep value analysis framework that evaluates growth potential, financial health, competitive moat, and risk factors.

What is the market capitalization of Zevra Therapeutics Inc?

Zevra Therapeutics Inc's market capitalization is approximately $657.4M. The company operates in the Healthcare sector within the Biotechnology industry.

What ticker symbol does Zevra Therapeutics Inc use?

ZVRA is the ticker symbol for Zevra Therapeutics Inc. The company trades on the NMS.

What is the risk level for ZVRA stock?

Our analysis rates Zevra Therapeutics Inc's overall risk as Moderate. This assessment considers execution risk, market risk, financial risk, competitive risk, and regulatory risk. For a full breakdown, see the risk analysis section above.

What is the P/E ratio of ZVRA?

Zevra Therapeutics Inc currently has a price-to-earnings (P/E) ratio of 5.3. This is below the market average, which could indicate the stock is undervalued or facing headwinds.

Is Zevra Therapeutics Inc's revenue growing?

Zevra Therapeutics Inc has reported revenue growth of 201.3%. The company is showing strong top-line momentum.

Is ZVRA stock profitable?

Zevra Therapeutics Inc has a profit margin of 101.6%. This indicates strong profitability.

How often is the ZVRA DVR analysis updated?

Our AI-powered analysis of Zevra Therapeutics Inc is refreshed regularly to incorporate the latest financial data, market conditions, and news. The most recent update was on May 14, 2026.

Important Disclaimer – Not Financial Advice

Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for ZVRA (Zevra Therapeutics Inc) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.

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