Annexon (ANNX)

Healthcare · Biotechnology
$4.02 +0.50% on the day Market cap $630M 52-week range $2.54 to $7.18 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Annexon's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from ANNX's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation5
Profitability0
Financial health8

Results from SEC filings

Fiscal years, from Annexon's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue—————
Net income-$130M-$142M-$134M-$138M-$207M
Free cash flow-$108M-$123M-$121M-$118M-$186M
EPS (diluted)-$3.40-$2.60-$1.77-$1.01-$1.34
Operating margin—————

Superinvestors who own ANNX

From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Trimmed $4M0.00%Q2 2026

Insider buying

Open-market purchases by Annexon's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Sep 24, 2026 Douglas Love
PRESIDENT AND CEO
26,065$3.83$99,829

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Annexon insiders buying the stock?

1 open-market insider purchase of ANNX in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Annexon?

1 of the superinvestors Investingly tracks hold ANNX in their latest 13F, including Cliff Asness.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.