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How TG Therapeutics (TGTX) makes money

TG Therapeutics (TGTX) made $240M of revenue in the second quarter 2026 (Q2 2026), +70% from a year earlier. Product brought in $236M (98%); License brought in $4.5M (2%). Of every dollar of revenue, 9¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

TG Therapeutics revenue by segment, Q2 2026TG Therapeutics revenue by segment, Q2 2026Product$236MLicense$4.5M
TG Therapeutics: revenue by line, Q4 2024 to Q2 2026TG Therapeutics: revenue by line, Q4 2024 to Q2 2026ProductLicenseRoyaltyLicense RevenueProduct: $236M latest$236MLicense: $4.5M latestRoyalty: $0 latestLicense Revenue: $0 latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2024 and Q2 2026.
TG Therapeutics revenue by quarterTG Therapeutics revenue by quarter$108MQ4 2024$121MQ1 2025$141MQ2 2025$162MQ3 2025$193MQ4 2025$205MQ1 2026$240MQ2 2026
TG Therapeutics: where each dollar of revenue goesTG Therapeutics: where each dollar of revenue goesOperating profit9¢Income tax1¢Net earnings3¢Operating cash flow16¢Free cash flow16¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product$236M98.1%+17%+70%
License$4.5M1.9%+26%+97%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$240M100.0%
Operating profit$21.7M9.0%
Income tax$2.5M1.0%
Net earnings$7.8M3.2%
Operating cash flow$39.3M16.3%
Free cash flow$39.0M16.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$240M+70%
Q1 2026$205M+70%
Q4 2025$193M+78%
Q3 2025$162M+93%
Q2 2025$141M+92%
Q1 2025$121M+90%
Q4 2024$108M+146%

From TG Therapeutics' 10-Q filed Aug 5, 2026 (on EDGAR).

Questions

How does TG Therapeutics make money?

TG Therapeutics (TGTX) made $240M of revenue in the second quarter 2026 (Q2 2026), +70% from a year earlier. Product brought in $236M (98%); License brought in $4.5M (2%). Of every dollar of revenue, 9¢ was left as operating profit, 3¢ was left as net earnings.

What is TG Therapeutics' biggest business?

Product: $236M in the second quarter 2026, 98% of revenue, +70% from a year earlier.

What is TG Therapeutics' profit margin?

Net earnings were $7.8M, 3.2% of revenue, in the second quarter 2026; the operating margin was 9.0%.

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