Form 8-K
8-K — Lantheus Holdings, Inc.
Accession: 0001193125-26-336771
Filed: 2026-08-06
Period: 2026-08-06
CIK: 0001521036
SIC: 2835 (IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — lnth-20260806.htm (Primary)
EX-99.1 (lnth-ex99_1.htm)
GRAPHIC (img66337839_0.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: lnth-20260806.htm · Sequence: 1
8-K
0001521036false00015210362026-08-062026-08-06
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 06, 2026
LANTHEUS HOLDINGS, INC.
(Exact name of Registrant as Specified in Its Charter)
Delaware
001-36569
35-2318913
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
201 Burlington Road
South Building
Bedford, Massachusetts
01730
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: (978) 671-8001
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing 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, par value $0.01 per share
LNTH
The Nasdaq Global 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 ☐
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 6, 2026, Lantheus Holdings, Inc. (the “Company”) announced via press release its financial results as of and for the three and six months ended June 30, 2026. A copy of that press release is being furnished as Exhibit 99.1 and is hereby incorporated by reference.
The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1*
Press release of Lantheus Holdings, Inc. dated August 6, 2026, entitled “Lantheus Reports Second Quarter 2026 Financial Results”
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
* Exhibits 99.1 attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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.
LANTHEUS HOLDINGS, INC.
By:
/s/ Daniel M. Niedzwiecki
Name:
Daniel M. Niedzwiecki
Title:
Chief Administrative Officer and General Counsel
Date: August 6, 2026
EX-99.1
EX-99.1
Filename: lnth-ex99_1.htm · Sequence: 2
EX-99.1
Exhibit 99.1
Lantheus Reports Second Quarter 2026 Financial Results
•
Worldwide revenue of $388.2 million in the second quarter of 2026
•
GAAP fully diluted earnings per share of $1.11, compared to $1.12 in the second quarter of 2025
•
Adjusted fully diluted earnings per share of $1.55, compared to $1.57 in the second quarter of 2025
•
Announced on August 3, 2026 that it has entered into a definitive agreement to merge with Curium under which Curium US Holdings LLC will acquire all outstanding shares in an all-cash transaction that represents a total transaction value of up to approximately $8.0 billion
BEDFORD, Mass., August 6, 2026 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (Lantheus or the Company) (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today reported financial results for its second quarter ended June 30, 2026.
In addition, and as previously announced, Lantheus entered into a definitive agreement on August 3, 2026 to merge with Curium under which Curium US Holdings LLC will acquire all outstanding shares of Lantheus for $102.50 per share in cash at closing, plus non-transferable Contingent Value Rights (“CVRs”) providing for up to $12.00 per share in potential additional cash payments, subject to achievement of specified commercial milestones for Lantheus’ products through 2030. The transaction represents a total per share consideration of up to $114.50 and a total transaction value of up to approximately $8.0 billion. Together, Curium and Lantheus are positioned to create a radiopharmaceutical company spanning diagnostics and therapeutics, with the infrastructure and capabilities to serve patients in more than 70 countries. The Board of Directors of Lantheus has unanimously approved the transaction. Additional information regarding the transaction is available in the Company’s Current Report on Form 8-K filed with the SEC on August 4, 2026.
In connection with the pending transaction, Lantheus is suspending its previously issued full year 2026 financial guidance and will not be hosting a conference call in connection with its second quarter 2026 results.
Summary Financial Results
Three Months Ended
June 30,
(in millions, except per share data - unaudited)
2026
2025
% Change
Worldwide revenue
$
388.2
$
378.0
2.7
%
GAAP net income
$
75.0
$
78.8
(4.7
%)
GAAP fully diluted earnings per share
$
1.11
$
1.12
(0.9
%)
Adjusted net income (non-GAAP)
$
104.9
$
110.6
(5.1
%)
Adjusted fully diluted earnings per share (non-GAAP)
$
1.55
$
1.57
(1.3
%)
Second Quarter 2026
•
Worldwide revenue increased 2.7% to $388.2 million compared to the same period in 2025.
•
Sales of PYLARIFY were $240.4 million, a decrease of 4.1%.
•
Sales of Neuraceq were $39.6 million.
•
Sales of DEFINITY were $88.3 million, an increase of 5.2%.
•
Operating income increased 13.9% to $100.2 million. Adjusted operating income (non-GAAP) decreased 6.9% to $142.0 million.
•
Fully diluted earnings per share decreased 0.9% to $1.11, compared to fully diluted earnings per share of $1.12 in the prior year period. Adjusted fully diluted earnings per share (non-GAAP) decreased 1.3% to $1.55, compared to $1.57 in the prior year period.
Page 1 of 11
•
Net cash provided by operating activities and free cash flow were $92.2 million and $89.9 million, respectively.
Balance Sheet
•
At June 30, 2026, the Company's cash and cash equivalents were $593.3 million, compared to $359.1 million at December 31, 2025.
•
The Company currently has access to up to $750.0 million from a revolving line of credit.
About Lantheus
Lantheus is the leading radiopharmaceutical-focused company, delivering life-changing science to enable clinicians to Find, Fight and Follow disease to deliver better patient outcomes. Headquartered in Massachusetts with offices in New Jersey, Canada, Germany, Switzerland, Sweden and the United Kingdom, Lantheus has been providing radiopharmaceutical solutions for 70 years. For more information, visit www.lantheus.com.
Internet Posting of Information
The Company routinely posts information that may be important to investors in the “Investors” section of its website at www.lantheus.com. The Company encourages investors and potential investors to consult its website regularly for important information about the Company.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, such as adjusted net income and its line components; adjusted fully diluted net income per share; adjusted operating income, and free cash flow. The Company’s management believes that the presentation of these measures provides useful information to investors. These measures may assist investors in evaluating the Company’s operations, period over period. However, these measures may exclude items that may be highly variable, difficult to predict and of a size that could have a substantial impact on the Company’s reported results of operations for a particular period. Management uses these and other non-GAAP measures internally for evaluation of the performance of the business, including the evaluation of results relative to employee performance compensation targets. Investors should consider these non-GAAP measures only as a supplement to, not as a substitute for or as superior to, measures of financial performance prepared in accordance with GAAP.
Additional Information and Where to Find It
In connection with the proposed acquisition of the Company by Curium US Holdings LLC (“Parent”), the Company intends to file a preliminary and definitive proxy statement. The definitive proxy statement and proxy card will be delivered to the stockholders of the Company in advance of the special meeting relating to the proposed acquisition. This document is not a substitute for the proxy statement or any other document that may be filed by the Company with the Securities and Exchange Commission (the “SEC”). THE COMPANY’S STOCKHOLDERS AND INVESTORS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED BY EACH OF PARENT AND THE COMPANY WITH THE SEC IN CONNECTION WITH THE PROPOSED ACQUISITION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED ACQUISITION AND THE PARTIES TO THE PROPOSED ACQUISITION. Investors and security holders will be able to obtain a free copy of the proxy statement and such other documents containing important information about the Company and Parent, once such documents are filed with the SEC, through the website maintained by the SEC at www.sec.gov. The Company makes available free of charge at its website at https://investor.lantheus.com/ copies of materials it files with, or furnishes to, the SEC.
Participants in the Solicitation
The Company, Parent and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the proposed acquisition. Information regarding the Company’s directors and executive officers is contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 26, 2026, and its definitive proxy statement for the 2026 annual meeting of its stockholders, which was filed with the SEC on March 20, 2026. To the extent holdings of the Company’s securities by its directors or executive officers have changed since the amounts set forth in such 2026 proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or Statements of Changes in Beneficial Ownership of Securities on Form 4 filed with the SEC. Additional information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be included in the definitive proxy statement relating to the proposed acquisition when it is filed with the SEC. These documents (when available) may be obtained free of charge from the SEC’s website at www.sec.gov and the Company’s website at https://investor.lantheus.com/. The contents of the websites referenced herein are not deemed to be incorporated by reference into the proxy statement.
Page 2 of 11
Safe Harbor for Forward-Looking and Cautionary Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their use of terms such as “advance,” “believe,” “continue,” “could,” “driving,” “expect,” “guidance,” “maintain,” “may,” “on track,” “plan,” “potential,” “predict,” “progress,” “should,” “target,” “will,” “would” and other similar terms. Such forward-looking statements include our guidance for the fiscal year 2026 and our plans to successfully execute on the commercialization of marketed products, ensure launch readiness for new products, advance a focused late-stage pipeline, and allocate capital thoughtfully, and our focus mainly on our radiodiagnostic business and pursuing value-maximizing alternatives for our radiotherapeutic assets, and are based upon current plans, estimates and expectations that are subject to risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Risks and uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements include: (i) continued market expansion, penetration and reimbursement for our established commercial products, particularly PYLARIFY, DEFINITY and Neuraceq, in a competitive environment and our ability to clinically and commercially differentiate our products; (ii) our ability to complete the technology transfer across our positron emission tomography (“PET”) manufacturing facilities (“PMF”) network for PYLARIFY TruVu, the new formulation of our F-18 prostate-specific membrane antigen (“PSMA”) PET imaging agent approved by the U.S. Food and Drug Administration (“FDA”) on March 6, 2026, to obtain FDA approval for each PMF to manufacture PYLARIFY TruVu, to obtain adequate coverage and payment, including transitional pass-through payment status (“TPT Status”), for PYLARIFY TruVu, to have payers add Healthcare Common Procedure Coding System (“HCPCS”) coding to their systems on a timely basis and to have customers adopt PYLARIFY TruVu; (iii) the availability of raw materials, key components, equipment, manufacturing time slots, either used in the production of our products and product candidates, or by customers of our products and product candidates, including, but not limited to PET scanners for PYLARIFY, PYLARIFY TruVu, Neuraceq, MK-6240, LNTH-2501 and NAV-4694; (iv) our ability to have third parties manufacture our products and product candidates and our ability to manufacture DEFINITY in our in-house manufacturing facility, in amounts and at the times needed; (v) our ability to satisfy our obligations under our existing clinical development partnerships using Neuraceq, MK-6240 or NAV-4694 and other assets as a research tool and under the license agreements through which we have rights to those assets, and to further develop and commercialize MK-6240 and NAV-4694 as approved products; (vi) our ability to continue to successfully integrate acquisitions, including of Lantheus Biosciences, which could be impacted by unforeseen expenses related to integration activities, the potential for unforeseen liabilities within that business, the ability to integrate disparate information technology systems, retain key talent and create a merged corporate culture that successfully realizes the full potential of the combined organization; (vii) our ability to obtain FDA approval for LNTH-2501, our investigational kit for the preparation of Gallium-68 edotreotide injection, which has been studied for use in conjunction with a PET scan to stage and localize neuroendocrine tumors in adult and pediatric patients, including resolving certain unresolved facility inspection-related conditions identified in the Complete Response Letter issued by the FDA on June 26, 2026, and to successfully commercialize LNTH-2501, if approved; (viii) our ability to obtain final FDA approval for PNT2003, which received FDA tentative approval earlier this year, to successfully defend the favorable District Court ruling invalidating all patents asserted by ADACAP, which is currently on appeal before the Court of Appeals for the Federal Circuit, and the timing, execution and success of the launch and commercialization of PNT2003, if approved; (ix) the cost, efforts and timing for clinical development, manufacturing, regulatory approval, adequate coding, coverage and payment and successful commercialization of our newly approved products, product candidates and new clinical applications and territories for our products, in each case, that we or our strategic partners may undertake, including those investigational assets for which FDA approval has been obtained or is anticipated to be obtained this year; (x) the timing, execution, and success of our strategic program to simplify and streamline our operations so we can focus mainly on our radiodiagnostic business and pursue value-maximizing alternatives for our radiotherapeutic assets, (xi) our ability to identify opportunities to collaborate with strategic partners and to acquire or in-license additional product opportunities in oncology, neurology and other strategic areas and continue to grow and advance our pipeline of products; (xii) the timing and outcome of alleged stockholder actions filed against us; (xiii) the effect that changes to management, including the recent turnover in our leadership and senior management team, could have on our business; (xiv) our ability and the ability of Curium US Holdings LLC to complete the transactions contemplated by the Merger Agreement, including the parties’ ability to satisfy the closing conditions in the agreement; (xv) statements about the expected time frame for completing the proposed acquisition of us by Curium US Holdings LLC; (xvi) our and Curium US Holdings LLC’s beliefs and expectations and statements about the benefits sought to be achieved by the proposed acquisition; (xvii) the potential effects of the proposed acquisition on us and Curium US Holdings LLC; (xviii) the possibility of any termination of the Merger Agreement; and (xix) the risk and uncertainties discussed in our filings with the Securities and Exchange Commission (including those described in the Risk Factors section in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q).
Page 3 of 11
No Offer or Solicitation
This communication is for informational purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
- Tables Follow -
Page 4 of 11
Lantheus Holdings, Inc.
Consolidated Statements of Operations
(in thousands, except per share data – unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Revenues
$
388,180
$
378,045
$
765,513
$
750,809
Cost of goods sold
146,325
137,034
292,736
272,098
Gross profit
241,855
241,011
472,777
478,711
Operating expenses
Sales and marketing
82,805
41,041
135,489
83,544
General and administrative
20,633
66,515
78,166
123,331
Research and development
38,202
45,489
77,581
81,803
Total operating expenses
141,640
153,045
291,236
288,678
Operating income
100,215
87,966
181,541
190,033
Interest expense
4,915
4,917
9,779
9,721
Investment in equity securities - unrealized loss (gain)
9,536
(14,573
)
(5,369
)
289
Gain on sale of business, net of transaction costs
(199
)
—
(59,527
)
—
Other income, net
(7,862
)
(6,895
)
(13,572
)
(21,023
)
Income before income taxes
93,825
104,517
250,230
201,046
Income tax expense
18,796
25,762
56,784
49,346
Net income
$
75,029
$
78,755
$
193,446
$
151,700
Net income per common share:
Basic
$
1.15
$
1.15
$
2.98
$
2.21
Diluted
$
1.11
$
1.12
$
2.91
$
2.14
Weighted average common shares outstanding:
Basic
65,160
68,516
64,949
68,591
Diluted
67,518
70,312
66,379
70,896
Page 5 of 11
Lantheus Holdings, Inc.
Consolidated Revenues Analysis
(in thousands, except percent data – unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
Change $
Change %
2026
2025
Change $
Change %
PYLARIFY
$
240,366
$
250,642
$
(10,276
)
(4.1
)%
$
481,290
$
508,296
$
(27,006
)
(5.3
)%
Total oncology
240,366
250,642
(10,276
)
(4.1
)%
481,290
508,296
(27,006
)
(5.3
)%
Neuraceq
39,616
—
39,616
100.0
%
75,055
—
75,055
100.0
%
Total neurology
39,616
—
39,616
100.0
%
75,055
—
75,055
100.0
%
DEFINITY
88,279
83,939
4,340
5.2
%
172,906
163,150
9,756
6.0
%
Total cardiology
88,279
83,939
4,340
5.2
%
172,906
163,150
9,756
6.0
%
Strategic partnerships and other
19,919
11,590
8,329
71.9
%
36,262
22,337
13,925
62.3
%
SPECT
—
31,874
(31,874
)
(100.0
)%
—
57,026
(57,026
)
(100.0
)%
Total revenues
$
388,180
$
378,045
$
10,135
2.7
%
$
765,513
$
750,809
$
14,704
2.0
%
Page 6 of 11
Lantheus Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures
(in thousands, except per share and percent data – unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net income
$
75,029
$
78,755
$
193,446
$
151,700
Stock and incentive plan compensation
20,008
22,321
36,049
43,519
Amortization of acquired intangible assets
16,723
7,971
33,446
15,987
Contingent consideration fair value adjustments
(31,397
)
—
(31,755
)
—
Non-recurring fees
1,874
155
9,285
2,633
Gain on sale of business, net of transaction costs
(199
)
—
(59,527
)
—
Strategic collaboration and license costs
368
10,000
237
15,413
Investment in equity securities - unrealized loss (gain)
9,536
(14,531
)
(5,369
)
331
Acquisition, integration and divestiture-related items
(3,262
)
22,921
3,103
27,672
Other
33,039
1,238
33,131
(3,154
)
Income tax effect of non-GAAP adjustments(a)
(16,773
)
(18,206
)
(11,299
)
(34,002
)
Adjusted net income
$
104,946
$
110,624
$
200,747
$
220,099
Adjusted net income, as a percentage of revenues
27.0
%
29.3
%
26.2
%
29.3
%
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net income per share - diluted
$
1.11
$
1.12
$
2.91
$
2.14
Stock and incentive plan compensation
0.30
0.32
0.54
0.61
Amortization of acquired intangible assets
0.25
0.11
0.50
0.23
Contingent consideration fair value adjustments
(0.47
)
—
(0.48
)
—
Non-recurring fees
0.03
0.00
0.14
0.04
Gain on sale of business, net of transaction costs
(0.00
)
—
(0.90
)
—
Strategic collaboration and license costs
0.01
0.14
0.00
0.22
Investment in equity securities - unrealized loss (gain)
0.14
(0.21
)
(0.08
)
0.00
Acquisition, integration and divestiture-related items
(0.05
)
0.33
0.05
0.39
Other
0.49
0.02
0.50
(0.05
)
Income tax effect of non-GAAP adjustments(a)
(0.25
)
(0.26
)
(0.17
)
(0.48
)
Adjusted net income per share - diluted(b)
$
1.55
$
1.57
$
3.02
$
3.10
Weighted-average common shares outstanding - diluted
67,518
70,312
66,379
70,896
(a)
Represents the estimated income tax effect of the adjustments between GAAP net income and adjusted net income (non-GAAP).
(b)
Amounts may not add due to rounding.
Page 7 of 11
Lantheus Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures (Continued)
(in thousands, except per share and percent data – unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Operating income
$
100,215
$
87,966
$
181,541
$
190,033
Stock and incentive plan compensation
20,008
22,321
36,049
43,519
Amortization of acquired intangible assets
16,723
7,971
33,446
15,987
Contingent consideration fair value adjustments
(31,397
)
—
(31,755
)
—
Non-recurring fees
1,874
155
9,285
2,633
Strategic collaboration and license costs
368
10,000
237
15,413
Acquisition, integration and divestiture-related items
1,185
22,921
9,229
27,672
Other
33,039
1,238
33,131
1,573
Adjusted operating income
$
142,015
$
152,572
$
271,163
$
296,830
Adjusted operating income, as a percentage of revenues
36.6
%
40.4
%
35.4
%
39.5
%
Page 8 of 11
Lantheus Holdings, Inc.
Reconciliation of Free Cash Flow
(in thousands – unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net cash provided by operating activities
$
92,203
$
87,106
$
217,330
$
194,669
Capital expenditures
(2,335
)
(7,961
)
(5,561
)
(16,679
)
Free cash flow
$
89,868
$
79,145
$
211,769
$
177,990
Net cash (used in) provided by investing activities
$
(2,023
)
$
(232,472
)
$
23,963
$
(296,190
)
Net cash provided by (used in) financing activities
$
4,505
$
(98,413
)
$
(7,118
)
$
(116,632
)
Page 9 of 11
Lantheus Holdings, Inc.
Condensed Consolidated Balance Sheets
(in thousands – unaudited)
June 30,
December 31,
2026
2025
Assets
Current assets:
Cash and cash equivalents
$
593,298
$
359,121
Accounts receivable, net
352,887
358,640
Inventory, net
57,551
64,674
Income tax receivable
1,169
15,387
Other current assets
22,154
21,400
Assets held for sale
—
80,742
Total current assets
1,027,059
899,964
Investment in equity securities
118,980
42,213
Long-term notes receivable
24,526
—
Property, plant and equipment, net
153,270
163,686
Intangibles, net
689,335
722,779
Goodwill
239,050
239,517
Deferred tax assets, net
102,723
109,196
Other long-term assets
59,719
50,044
Total assets
$
2,414,662
$
2,227,399
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt and other borrowings
$
697
$
738
Accounts payable
48,109
42,906
Accrued expenses and other current liabilities
286,871
267,307
Liabilities held for sale
—
22,468
Total current liabilities
335,677
333,419
Asset retirement obligations
140
138
Long-term debt and other borrowings, net of current portion
570,354
568,678
Long-term deferred tax liabilities
54,057
54,246
Long-term contingent consideration liabilities, net of current portion
51,122
73,255
Other long-term liabilities
91,534
107,866
Total liabilities
1,102,884
1,137,602
Total stockholders’ equity
1,311,778
1,089,797
Total liabilities and stockholders’ equity
$
2,414,662
$
2,227,399
Page 10 of 11
Contacts:
Mark Kinarney
Vice President, Investor Relations
978-671-8842
ir@lantheus.com
Melissa Downs
Executive Director, External Communications
646-975-2533
media@lantheus.com
Page 11 of 11
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Aug. 06, 2026
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LANTHEUS HOLDINGS, INC.
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