Company Analysis

Journey Medical Corporation (DERM)

Nasdaq: DERM · Pharmaceutical Preparations · Scottsdale, AZ · filing with the SEC since 2021
Grade4.7
◀ Past 5.3● Present 4.8▶ Future 3.8
2 est.

The grade of Journey Medical Corporation

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past5.330% of the headline
● Present4.840% of the headline
▶ Future3.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.5/10

Has it survived what it has been through?

2 warning events since 2021; the latest 2023-08-18.

weight 33% of this tense · 44th percentile among 497 sector filers · read for itself

From the record

Journey Medical Corporation's filings since 2021 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-08-18); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2023-05-16) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.6/10

What has it actually done, year after year?

+6.6% a year over 6 filed years; profitable in 1 of 6.

weight 45% of this tense · 56th percentile among 323 sector filers · read for its customers

From the record

Journey Medical Corporation's 6 filed years say what it did: revenue went from $45 million in fiscal 2020 to $61 million in fiscal 2025, up 6.6% a year; it rose in 3 of 5 years; the deepest fall was 22% from fiscal 2022 to fiscal 2024; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.6%bottom 38% of its family
  • the share of years revenue rosetop 50% of its family
  • the share of filed years with a profittop 30% of its family
  • the deepest fall from a revenue peak22.3%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.2/10

How has it treated the people who own it?

SI estimate 6.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 62nd percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 38% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Journey Medical Corporation's shareholder treatment is put at 6.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 38% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.2/10

Is it financially healthy right now?

ROE -36%: lost 36¢ per shareholder dollar. Leverage 66%: owes 66¢ per asset dollar.

weight 45% of this tense · 52nd percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Journey Medical Corporation lost about 36 cents for every dollar of shareholders' money, and gross profitability: its products earned about 43 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 66 cents per dollar of assets, and net share issuance: its share count grew 19.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 23% of its family
  • return on equitytop 39% of its family
  • gross profit against assetstop 26% of its family
  • the share count against the year beforetop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.2/10

How strong is its position in its industry?

top 48% of 315 in its family; net margin -18.7%.

weight 33% of this tense · 52nd percentile among 315 sector filers · read for its customers

From the record

Journey Medical Corporation's standing among 315 graded names in its industry family: revenue of $61 million in fiscal 2025 ranks in the top 42% by size; a net margin of -18.7% ranks in the top 31%; revenue growth of -4.8% a year over the last 3 filed years ranks in the bottom 31% (its annual reports).

What it rests on

  • revenue against the family$61.2Mtop 42% of its family
  • net margin-18.7%top 31% of its family
  • three-year revenue growth-4.8%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
3.1/10

What are the people in charge doing?

SI estimate 3.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 31st percentile among 415 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 31% of 415 in its family; the record of its people begins on 2021-11-26 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 5 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2021-11-26 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 5 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 415 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Journey Medical Corporation's leadership is put at 3.1 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 31% of 415 in its family; the record of its people begins on 2021-11-26 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 5 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.0/10

How much room does it have to grow?

bottom 30% of 273 in its family for room to expand.

weight 45% of this tense · 30th percentile among 273 sector filers · read for itself

From the record

Journey Medical Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $24 million against debt of $25 million leaves -1.3% of its assets as net cash, bottom 13% of its family; cash from operations less capital spending is -20.3% of revenue (top 38%); a gross margin of 65.8% (bottom 43%); research spending of 0.8% of revenue (bottom 2%) (its annual report).

What it rests on

  • cash less debt against assets-1.3%bottom 13% of its family
  • cash from operations less capital spending against revenue-20.3%top 38% of its family
  • gross margin65.8%bottom 43% of its family
  • research spending against revenue0.8%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.5/10

What could actually drive growth from here?

bottom 35% of 306 in its family for growth drivers.

weight 33% of this tense · 35th percentile among 306 sector filers · read for its customers

From the record

Journey Medical Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -4.8% a year over the last three filed years against 6.6% over all 6, slowing (bottom 31% of its family); the newest year grew 11.1% (top 46%); research spending grew -64.7% a year (bottom 1%); capital spending grew -13.4% a year (top 49%) (its annual reports). Journey Medical Corporation reported 5 product lines in fiscal 2025: Qbrexza at $25 million (41%), Emrosi at $15 million (24%), Accutane at $13 million (21%), and 2 more; 0 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-11.4 points a yearbottom 31% of its family
  • the newest year's revenue growth11.1%top 46% of its family
  • three-year growth of research spending-64.7%bottom 1% of its family
  • three-year growth of capital spending-13.4%top 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.0/10

Did its newest year beat what its own record pointed to?

top 40% of 233 in its family for expectations against reality.

weight 22% of this tense · 60th percentile among 233 sector filers · read for its shareholders

From the record

Journey Medical Corporation's newest year against its own record: revenue of $61 million in fiscal 2025 came in 26% above the $49 million its prior three years' pace pointed to (top 24% of its family); net income of $11 million against a prior three-year average of $16 million (top 41%); a net margin of -18.7% against -24.9% before (bottom 45%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace26.0%top 24% of its family
  • net income against the prior three years' average+29%top 41% of its family
  • net margin against its prior average+6.3 pointsbottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DERM · research, not advice