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How Fortress Biotech (FBIO) makes money

Fortress Biotech (FBIO) made $18.7M of revenue in the second quarter 2026 (Q2 2026), +25% from a year earlier. Journey brought in $18.5M (99%); Fortress brought in $208K (1%).

Drawing the Sankey…

Fortress Biotech revenue by segment, Q2 2026Fortress Biotech revenue by segment, Q2 2026Journey$18.5MFortress$208K
Fortress Biotech revenue by quarterFortress Biotech revenue by quarter$15.1MQ4 2024$13.1MQ1 2025$16.4MQ2 2025$17.6MQ3 2025$16.1MQ4 2025$16.0MQ1 2026$18.7MQ2 2026
Fortress Biotech: where each dollar of revenue goesFortress Biotech: where each dollar of revenue goesIncome tax2¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Journey$18.5M98.9%—+23%
Fortress$208K1.1%——

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$18.7M100.0%
Income tax$320K1.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$18.7M+14%
Q1 2026$16.0M+22%
Q4 2025$16.1M+6%
Q3 2025$17.6M+20%
Q2 2025$16.4M+10%
Q1 2025$13.1M+0.8%
Q4 2024$15.1M-24%

From Fortress Biotech's 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does Fortress Biotech make money?

Fortress Biotech (FBIO) made $18.7M of revenue in the second quarter 2026 (Q2 2026), +25% from a year earlier. Journey brought in $18.5M (99%); Fortress brought in $208K (1%).

What is Fortress Biotech's biggest business?

Journey: $18.5M in the second quarter 2026, 99% of revenue, +23% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.