# Trevi Therapeutics, Inc.: overview

TRVI · Nasdaq · CIK 1563880 · [Healthcare](/sectors/healthcare.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/trvi.md) · [Financials](/companies/trvi/financials.md) · [Filings](/companies/trvi/filings.md) · [Insiders](/companies/trvi/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(0.13)](/filings/0001193125-25-280166.md) | not reported | [(0.09)](/filings/0001193125-26-206390.md) | [(0.09)](/filings/0001193125-26-338023.md) | [(0.08)](/filings/0001193125-25-280166.md) | not reported | [(0.09)](/filings/0001193125-26-206390.md) | [(0.11)](/filings/0001193125-26-338023.md) |
| Free cash flow | $m | [(9.6) d](/filings/0001193125-25-280166.md) | [(9.6) d](/filings/0001193125-26-110783.md) | not reported | not reported | [(10.9) d](/filings/0001193125-25-280166.md) | [(7.6) d](/filings/0001193125-26-110783.md) | [(16.8)](/filings/0001193125-26-206390.md) | [(17.6) d](/filings/0001193125-26-338023.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(1.49)](/filings/0000950170-23-008472.md) | [(0.45)](/filings/0000950170-24-034167.md) | [(0.29)](/filings/0000950170-25-041194.md) | [(0.47)](/filings/0001193125-26-110783.md) | [(0.32)](/filings/0001193125-26-110783.md) |
| Free cash flow | $m | not reported | [(28.3)](/filings/0000950170-24-034167.md) | [(31.8)](/filings/0000950170-25-041194.md) | [(38.3)](/filings/0001193125-26-110783.md) | [(42.1)](/filings/0001193125-26-110783.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/trvi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [NEA Management Company, LLC](/funds/1512848.md) | 2026-06-30 | $246.6m | 13,222,228 |  | Unchanged |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $234.3m | 12,562,839 |  | Added +4,524,778 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $208.0m | 11,155,026 |  | Added +914,840 |
| [Frazier Life Sciences Management, L.P.](/funds/1892134.md) | 2026-06-30 | $185.4m | 9,939,447 |  | Reduced −100 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $106.0m | 5,684,592 |  | Added +495,504 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $103.1m | 5,530,675 |  | Added +552,108 |
| [Vivo Capital, LLC](/funds/1674712.md) | 2026-06-30 | $95.0m | 5,094,668 |  | Unchanged |
| [Woodline Partners LP](/funds/1784547.md) | 2026-06-30 | $76.1m | 4,081,333 |  | Added +3,080,551 |
| [Vestal Point Capital, LP](/funds/1974915.md) | 2026-06-30 | $57.8m | 3,100,000 |  | Added +933,496 |
| [MPM BIOIMPACT LLC](/funds/1687078.md) | 2026-06-30 | $57.3m | 3,073,577 |  | Reduced −224,853 |

## Recent filings

[All 536 filings](/companies/trvi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-06 | 16:12 ET | [10-Q](/filings/0001193125-26-338023.md) | Quarterly report, period 2026-06-30 | 0001193125-26-338023 |
| 2026-08-06 | 16:08 ET | [8-K](/filings/0001193125-26-337974.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-337974 |
| 2026-06-04 | 16:05 ET | [8-K](/filings/0001193125-26-257365.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-257365 |
| 2026-05-07 | 18:23 ET | [SCHEDULE 13D/A](/filings/0001072613-26-000382.md) | Ownership report, active investor, amended | 0001072613-26-000382 |
| 2026-05-05 | 16:09 ET | [10-Q](/filings/0001193125-26-206390.md) | Quarterly report, period 2026-03-31 | 0001193125-26-206390 |
| 2026-05-05 | 16:07 ET | [8-K](/filings/0001193125-26-206382.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-206382 |
| 2026-04-21 | 16:00 ET | [DEF 14A](/filings/0001193125-26-166695.md) | Proxy statement, period 2026-04-21 | 0001193125-26-166695 |
| 2026-04-17 | 08:06 ET | [8-K](/filings/0001193125-26-160355.md) | 1.01 Entry into a material agreement; 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-160355 |
| 2026-03-17 | 16:08 ET | [10-K](/filings/0001193125-26-110783.md) | Annual report, period 2025-12-31 | 0001193125-26-110783 |
| 2026-03-17 | 16:07 ET | [8-K](/filings/0001193125-26-110767.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-110767 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-110783.md), filed Mar 17, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1563880
- Tickers: TRVI
- Exchange: Nasdaq
- SIC code: 2834 Pharmaceutical Preparations
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 17:29 ET. No prices; not investment advice.
