Form 8-K

8-K — Journey Medical Corp

Accession: 0001104659-26-094862

Filed: 2026-08-12

Period: 2026-08-12

CIK: 0001867066

SIC: 2834 (PHARMACEUTICAL PREPARATIONS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tm2622742d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2622742d1_ex99-1.htm)

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0001867066

2026-08-12

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event

reported): August 12, 2026

Journey Medical Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware

001-41063

47-1879539

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(I.R.S.

Employer

Identification No.)

9237 E Via de Ventura Blvd., Suite 105

Scottsdale, AZ 8525

(Address of principal executive offices)

Registrant’s telephone number, including

area code: (480) 434-6670

Check the appropriate box below if the Form

8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities

Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange

Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under

the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under

the Exchange Act (17 CFR 240.13e-4(c))

Securities registered

pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange

on which registered

Common Stock

DERM

The Nasdaq Capital Market

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the

Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition.

On August 12, 2026, Journey

Medical Corporation issued a press release to provide a corporate update and to announce its financial results for the three months ended

June 30, 2026. A copy of such press release is being furnished as Exhibit 99.1 to this report.

The information, including Exhibit 99.1, in this Form 8-K is being

furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or

otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference into any

filing under the Securities Act of 1933, as amended, except as shall otherwise be expressly set forth by specific reference in such filing.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are furnished herewith:

Exhibit

Number

Description

99.1

Press release issued by Journey Medical Corporation, dated August 12, 2026.

104

Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

SIGNATURES

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

Journey Medical Corporation

(Registrant)

By:

/s/ Claude Maraoui

Claude Maraoui

Chief Executive Officer, President and Director

Date: August 12, 2026

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2622742d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Journey Medical Corporation Reports Second Quarter

2026 Financial Results and Recent Corporate Highlights

Total revenues were $18.5 million for the second

quarter of 2026, reflecting 23% growth from the prior-year quarter

Emrosi®

revenues were $8.1 million for the second quarter of 2026

Strong revenue growth and disciplined cost management

continue drive to profitability

Company to hold conference call today at 4:30

p.m. ET

Scottsdale,

AZ – August 12, 2026 – Journey Medical Corporation (Nasdaq: DERM) (“Journey Medical,” “the

Company,” “we” or “our”), a commercial-stage pharmaceutical company focused on developing, selling and marketing

FDA-approved prescription pharmaceutical products for the treatment of dermatological conditions, today announced financial results and

recent corporate highlights for the second quarter ended June 30, 2026.

Claude

Maraoui, Journey Medical’s Co-Founder, President and Chief Executive Officer, said, “We delivered solid performance in the

second quarter, highlighted by 23% total net revenue growth, year over year, and continued progress toward profitability, driven by revenue

growth and ongoing disciplined investment in our dermatology commercial infrastructure. Momentum behind Emrosi®

remains strong, with sales of the product up significantly compared to both the prior-year period and the first quarter of this year.

Prescription demand and payer coverage for Emrosi® are

increasing as we establish the product as the best-in-class oral treatment for patients suffering from rosacea. With this progress and

over $25 million in cash, we believe that we are well-positioned to execute on our strategy and deliver strong financial performance going

forward.”

Financial Results:

· Total revenues were $18.5 million for the second quarter of 2026, a 23% increase from $15.0 million for

the second quarter of 2025. The increase was driven by continued commercial demand momentum for Emrosi®,

which generated revenues of $8.1 million for the quarter ended June 30, 2026.

· The Company’s gross margin(1) was 67% for the second quarter of 2026, consistent

with the prior-year quarter.

· Selling, general and administrative expenses were $10.9 million for the second quarter of 2026, a

decrease of $1.0 million from the second quarter of 2025, primarily due to a reduction

in launch-related spending for Emrosi® compared to the prior year quarter.

· The Company’s GAAP Net Loss narrowed to $0.3 million, or $(0.01) per share basic and diluted, for

the second quarter of 2026, compared to a net loss of $3.8 million, or $(0.16) per share basic and diluted, for the second quarter of

2025.

· The Company’s non-GAAP results in the table below reflect positive EBITDA and Adjusted EBITDA for

both the three and six-month periods ended June 30, 2026.

· At June 30, 2026, the Company had $25.6 million in cash and cash equivalents, as compared to $24.1

million in cash and cash equivalents at December 31, 2025.

Recent Corporate Highlights:

· Emrosi® total prescriptions

(TRx) were approximately 36,000 for the second quarter of 2026, compared to approximately 30,000 for the first quarter of 2026 and 27,000

for the fourth quarter of 2025.

Conference Call and Webcast Information

Journey Medical management will conduct a conference

call and audio webcast on August 12, 2026, at 4:30 p.m. ET.

listen to the conference call, interested parties within the U.S. should dial 1-866-777-2509 (domestic) or 1-412-317-5413 (international).

All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Journey Medical conference

call. Participants can register for the conference call here: https://dpregister.com/sreg/10210876/1048acbd764. Please

note that registered participants will receive their dial-in number upon registration.

live audio webcast can be accessed on the News and Events page of the Investors section of Journey Medical’s website, www.journeymedicalcorp.com,

and will remain available for replay for approximately 30 days after the meeting.

(1) We

define gross margin as total revenue less cost of goods sold divided by total revenue.

About Journey Medical Corporation

Journey

Medical Corporation (Nasdaq: DERM) (“Journey Medical”) is a commercial-stage pharmaceutical company that primarily focuses

on developing, selling and marketing FDA-approved prescription pharmaceutical products for the treatment of dermatological conditions

through its efficient sales and marketing model. The Company currently markets nine branded FDA-approved prescription drugs that help

treat and heal common skin conditions. The Journey Medical team comprises industry experts with extensive experience in developing and

commercializing some of dermatology’s most successful prescription brands. Journey Medical is located in Scottsdale, Arizona and

was founded by Fortress Biotech, Inc. (Nasdaq: FBIO). Journey Medical’s common stock is registered under the Securities Exchange

Act of 1934, as amended, and the company files periodic reports with the U.S. Securities and Exchange Commission (“SEC”).

For additional information about Journey Medical, visit www.journeymedicalcorp.com.

Forward-Looking Statements

This

press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933,

as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. As used below and throughout this press release,

the words “the Company”, “we”, “us” and “our” may refer to Journey Medical. Such statements

include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements

that are not historical facts. The words “anticipate,” “believe,” “continue,” “estimate,”

“may,” “expect,” “will,” “could,” “project,” “intend,” “potential”

and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements are based on management’s

current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial

condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated include: the

fact that our products and product candidates are subject to time and cost intensive regulation and clinical testing and as a result,

may never be successfully developed or commercialized; a substantial portion of our sales derive from products that may become subject

to third-party generic competition because their period of exclusivity has ended or they are without patent protection, subjecting

them to the potential introduction of new competitor products and/or an increase in market share of existing competitor products, either

of which could have a significant adverse impact on our operating income; we operate in a heavily regulated industry, and we cannot predict

the impact that any future legislation or administrative or executive action may have on our operations; our revenue is dependent mainly

upon sales of our dermatology products and any setback relating to the sale of such products could impair our operating results; competition

could limit our products’ commercial opportunity and profitability, including competition from manufacturers of generic versions

of our products; the risk that our products do not achieve broad market acceptance, including by government and third-party payors; our

reliance on third parties for several aspects of our operations; our dependence on our ability to identify, develop, and acquire or in-license

products and integrate them into our operations, at which we may be unsuccessful; the dependence of the success of our business, including

our ability to finance our company and generate additional revenue, on the successful commercialization of Emrosi®

and the successful development, regulatory approval and commercialization of any future product candidates that we may develop, in-license

or acquire; clinical drug development is very expensive, time consuming, and uncertain and our clinical trials may fail to adequately

demonstrate the safety and efficacy of our current or any future product candidates; our competitors could develop and commercialize products

similar or identical to ours; risks related to the protection of our intellectual property and our potential inability to maintain sufficient

patent protection for our technology and products; our business and operations would suffer in the event of computer system failures,

cyber-attacks, or deficiencies in our or our third parties’ cybersecurity; the substantial doubt expressed about our ability to

continue as a going concern; the effects of major public health issues, epidemics or pandemics on our product revenues and any future

clinical trials; our potential need to raise additional capital; Fortress controls a voting majority of our common stock, which could

be detrimental to our other shareholders; as well as other risks described in Part I, Item 1A, “Risk Factors,” in

our Annual Report on Form 10-K for the year ended December 31, 2025, subsequent Reports on Form 10-Q, and our other filings

we make with the SEC. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking

statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any

such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements

contained in the Private Securities Litigation Reform Act of 1995.

Company Contact:

Jaclyn Jaffe

(781) 652-4500

ir@jmcderm.com

Media Relations Contact:

Tony Plohoros

6 Degrees

(908) 591-2839

tplohoros@6degreespr.com

JOURNEY MEDICAL CORPORATION

Unaudited Condensed Consolidated Balance Sheets

($ in thousands except for share and per share

amounts)

June 30,

December 31,

2026

2025

ASSETS

Current assets

Cash and cash equivalents

$ 25,643

$ 24,090

Accounts receivable, net of reserves

36,246

29,783

Inventory

8,156

9,624

Prepaid expenses and other current assets

2,736

3,376

Total current assets

72,781

66,873

Intangible assets, net

25,510

27,605

Operating lease right-of-use asset, net

111

Total assets

$ 98,356

$ 94,589

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Accounts payable

$ 8,049

$ 8,851

Due to related party

405

455

Accrued expenses

31,831

27,567

Accrued interest

416

398

Income taxes payable

Term loan, short-term

5,000

Operating lease liability, short-term

101

Total current liabilities

45,770

37,442

Term loan, long-term, net of discount

20,472

25,277

Operating lease liability, long-term

Total liabilities

66,242

62,737

Stockholders' equity

Common stock, $.0001 par value, 50,000,000 shares authorized, 21,657,055 and 21,144,655 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively

Common stock - Class A, $.0001 par value, 50,000,000 shares authorized, 6,000,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025

Additional paid-in capital

133,111

130,307

Accumulated deficit

(101,000 )

(98,458 )

Total stockholders' equity

32,114

31,852

Total liabilities and stockholders' equity

$ 98,356

$ 94,589

JOURNEY MEDICAL CORPORATION

Unaudited Condensed Consolidated Statements

of Operations

($ in thousands except for share and per share

amounts)

Three-Month Periods Ended

Six-Month Periods Ended

June 30,

2026

2025

2026

2025

Revenue:

Product revenue, net

$ 17,839

15,009

33,760

28,148

Other revenue

671

711

Total revenue

18,510

15,009

34,471

28,148

Operating expenses

Cost of goods sold – (excluding amortization of acquired intangible assets)

6,143

4,939

12,361

9,729

Amortization of acquired intangible assets

969

1,064

2,095

2,129

Research and development

Selling, general and administrative

10,888

11,882

20,997

22,451

Total operating expenses

18,054

17,885

35,507

34,348

Income (loss) from operations

456

(2,876 )

(1,036 )

(6,200 )

Other expense (income)

Interest income

(154 )

(138 )

(311 )

(287 )

Interest expense

906

937

1,798

1,828

Foreign exchange transaction losses

Total other expense

753

860

1,491

1,609

Loss before income taxes

(297 )

(3,736 )

(2,527 )

(7,809 )

Income tax expense

Net loss

$ (312 )

$ (3,796 )

$ (2,542 )

$ (7,869 )

Net loss per common share:

Basic and diluted

$ (0.01 )

$ (0.16 )

$ (0.09 )

$ (0.34 )

Weighted average number of common shares:

Basic and diluted

27,493,693

23,290,806

27,399,881

22,952,801

Use of Non-GAAP Measures:

In addition to the GAAP financial measures as

presented in our Form 10-Q that will be filed with the Securities and Exchange Commission (“SEC”), the Company has, in

this press release, included certain non-GAAP measurements, including EBITDA, Adjusted EBITDA, Adjusted EBITDA per share basic and Adjusted

EBITDA per share diluted. We define EBITDA as net income (loss) excluding interest, taxes and depreciation and amortization and we define

Adjusted EBITDA as net income (loss) excluding interest, taxes and depreciation, less certain other non-cash and/or infrequent items not

considered to be normal, recurring operating expenses, including, share-based compensation expense, amortization and impairments of acquired

intangible assets, inventory step-ups from the purchases of intangible assets and products, severance, and foreign exchange transaction

losses.

In particular, we exclude the following matters

for the reasons more fully described below:

Share-Based Compensation Expense: We exclude share-based compensation from our adjusted financial results because share-based compensation expense, which is non-cash, although a recurring expense, fluctuates from period to period based on factors that are not within our control, such as our stock price on the dates share-based grants are issued.

Beginning in the first quarter of 2026, we no

longer exclude short-term research and development expenses (including any one-time license and milestone payments) from our Non-GAAP

Adjusted EBITDA results. Prior period Non-GAAP Adjusted EBITDA results have been revised to reflect this change.

Adjusted EBITDA per share basic and Adjusted EBITDA

per share diluted are determined by dividing the resulting Adjusted EBITDA by the number of shares outstanding on an actual and fully

diluted basis.

Management believes the use of these non-GAAP

measures provides meaningful supplemental information regarding the Company’s performance because (i) they allow for greater

transparency with respect to key measures used by management in its financial and operational decision-making, (ii) they exclude

the impact of non-cash or, when specified, non-recurring items that are not directly attributable to the Company’s core operating

performance and that may obscure trends in the Company’s core operating performance and (iii) they are used by institutional

investors and the analyst community to help analyze the Company's results. However, Adjusted EBITDA, Adjusted EBITDA per share basic,

Adjusted EBITDA per share diluted and any other non-GAAP financial measures should be considered as a supplement to, and not as a substitute

for, or superior to, the corresponding measures calculated in accordance with GAAP. Further, non-GAAP financial measures used by the Company

and the manner in which they are calculated may differ from the non-GAAP financial measures or the calculations of the same non-GAAP financial

measures used by other companies, including the Company’s competitors.

The table below provides a reconciliation from

GAAP to non-GAAP measures:

JOURNEY MEDICAL CORPORATION

(unaudited)

Reconciliation of GAAP to Non-GAAP Adjusted

EBITDA

($ in thousands except for share and per share

amounts)

Three-Month Periods Ended

Six-Month Periods Ended

June 30,

2026

2025

2026

2025

GAAP Net Loss

$ (312 )

$ (3,796 )

$ (2,542 )

$ (7,869 )

EBITDA:

Interest

752

799

1,487

1,541

Taxes

Amortization of acquired intangible assets

969

1,064

2,095

2,129

EBITDA

1,424

(1,873 )

1,055

(4,139 )

Non-GAAP Adjusted EBITDA:

Non-Cash Components:

Share-based compensation

1,437

1,336

2,426

2,659

Non-Core and Infrequent Components:

Foreign exchange transaction losses

Non-GAAP Adjusted EBITDA

$ 2,862

$ (476 )

$ 3,485

$ (1,412 )

Net loss & Non-GAAP Adjusted EBITDA per common share:

Basic

GAAP Net Loss

$ (0.01 )

$ (0.16 )

$ (0.09 )

$ (0.34 )

Non-GAAP Adjusted EBITDA

$ 0.10

$ (0.02 )

$ 0.13

$ (0.06 )

Diluted

GAAP Net Loss

$ (0.01 )

$ (0.16 )

$ (0.09 )

$ (0.34 )

Non-GAAP Adjusted EBITDA

$ 0.10

$ (0.02 )

$ 0.12

$ (0.06 )

Weighted average number of common shares:

GAAP - Basic & Diluted

27,493,693

23,290,806

27,399,881

22,952,801

Non-GAAP - Basic

27,493,693

23,290,806

27,399,881

22,952,801

Non-GAAP - Diluted

29,915,619

23,290,806

29,887,737

22,952,801

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No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration