Organon Reports 2025 Revenue Decline to $6.2 Billion; JADA Sale and Portfolio Pressures Weigh

Organon Reports 2025 Revenue Decline to $6.2 Billion; JADA Sale and Portfolio Pressures Weigh

Organon & Co. (NYSE: OGN) announced fourth quarter and full-year 2025 financial results, with total revenue declining 3% to USD 6.2 billion on a constant currency basis. The women’s health-focused pharmaceutical company faced headwinds from NuvaRing erosion, established brand LOE impacts, and biosimilar pricing pressure, partially offset by fertility growth and Hadlima biosimilar gains. The JADA system sale to Laborie Medical Technologies (early 2026) removes a USD 74 million revenue contributor, though currency translation is expected to offset the loss.

Financial Performance Summary

Metric2025 ResultYoY Change (CC)Key Driver
Total RevenueUSD 6.2 billion-3%Women’s Health decline; Established Brands LOE; Biosimilar pricing pressure
Q4 RevenueUSD 1.507 billion-8%Quarterly deceleration; NuvaRing erosion acceleration
2026 GuidanceUSD 6.2 billion; Adj. EBITDA USD 1.9 billionFlatJADA sale offset by currency; operational stabilization

Segment Performance

Women’s Health: -2% to USD 1.752 Billion

ProductPerformanceStrategic Context
Fertility businessGrowthOffsetting factor; market expansion
JADA systemUSD 74 million (+contribution)Sold to Laborie Medical Technologies (early 2026); postpartum hemorrhage device
NuvaRing-23% declineGeneric competition; hormonal contraceptive market shift to IUDs/implants
Nexplanon-4% declineMature implant; pricing pressure

Biosimilars: +5% to USD 691 Million

ProductPerformanceLifecycle Stage
Hadlima (adalimumab)Primary growth driverHumira biosimilar; recent launch momentum
Renflexis (infliximab)-8% declineMature; US/EU pricing pressure
Ontruzant (trastuzumab)-30% declineMature; Herceptin biosimilar competition; oncology biosimilar commoditization

Established Brands: -5% to USD 3.691 Billion

ProductContributionOffsetting Factor
Emgality (galcanezumab)GrowthCGRP inhibitor; migraine prevention
Vtama (tapinarof)GrowthTopical psoriasis; novel mechanism
Respiratory portfolioDeclineGeneric erosion; inhaler pricing pressure
Atozet (ezetimibe/atorvastatin)LOE impactEurope and Japan exclusivity loss; statin commoditization

Strategic Priorities & 2026 Outlook

PriorityExecution PlanFinancial Impact
Portfolio OptimizationJADA divestiture to Laborie; focus on core women’s health pharmaceuticalsUSD 74 million revenue loss; offset by favorable FX
Biosimilar GrowthHadlima expansion; international market penetration; new biosimilar launchesVolume growth vs. pricing erosion trade-off
Established Brands DefenseEmgality/Vtama growth acceleration; respiratory cost managementStabilization vs. continued LOE drag
Operational EfficiencyAdjusted EBITDA USD 1.9 billion target; cost restructuringMargin preservation amid flat revenue

Forward‑Looking Statements
This brief contains forward‑looking statements regarding Organon’s 2026 revenue stabilization, JADA divestiture execution, and biosimilar competitive positioning. Actual results may differ due to women’s health market dynamics, biosimilar pricing volatility, and currency translation variability.-Fineline Info & Tech