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How Tvardi Therapeutics (TVRD) makes money

Tvardi Therapeutics (TVRD) made $2.6M of revenue in the first quarter 2025 (Q1 2025), +72% from a year earlier. Other revenue brought in $1.3M (51%); Collaborative revenue brought in $1.2M (47%); Clinical compound revenue brought in $48K (2%).

Drawing the Sankey…

Tvardi Therapeutics revenue by segment, Q1 2025Tvardi Therapeutics revenue by segment, Q1 2025Other revenue$1.3MCollaborative revenue$1.2MClinical compound revenue$48K
Tvardi Therapeutics revenue by quarterTvardi Therapeutics revenue by quarter$1.5MQ4 2024$2.6MQ1 2025

Revenue by segment, Q1 2025

SegmentRevenueShareQ/QY/Y
Other revenue$1.3M51.5%—+112%
Collaborative revenue$1.2M46.6%—+52%
Clinical compound revenue$48K1.9%—-43%

Where each dollar of revenue goes

LineQ1 2025% of revenue
Revenue$2.6M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 2025$2.6M+20%
Q4 2024$1.5M-52%

From Tvardi Therapeutics' 10-Q filed May 13, 2025 (on EDGAR).

Questions

How does Tvardi Therapeutics make money?

Tvardi Therapeutics (TVRD) made $2.6M of revenue in the first quarter 2025 (Q1 2025), +72% from a year earlier. Other revenue brought in $1.3M (51%); Collaborative revenue brought in $1.2M (47%); Clinical compound revenue brought in $48K (2%).

What is Tvardi Therapeutics' biggest business?

Other revenue: $1.3M in the first quarter 2025, 51% of revenue, +112% 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.