argenx NV ADR (ARGX) financial statements
argenx NV ADR reported revenue of $4.2B in fiscal 2025, up 112.8% a year over 7 years.
Net income was $1.3B and the operating margin 24.8%, against -381.0% in 2018.
Free cash flow was $574M.
The diluted share count rose 98% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from argenx NV ADR's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21M | $78M | $41M | $497M | $10M | $36M | $2.3B | $4.2B |
| Cost of revenue | — | — | — | — | $29M | $118M | $227M | $451M |
| Gross profit | — | — | — | — | -$19M | -$82M | $2.0B | $3.8B |
| Research and development | $84M | $221M | $371M | $581M | $663M | $859M | $983M | $1.4B |
| Selling, general and admin | — | $72M | $172M | $308M | $472M | $712M | $1.1B | $1.4B |
| Operating income | -$82M | -$199M | -$478M | -$349M | -$720M | -$425M | -$22M | $1.1B |
| Interest expense | — | — | $8M | $5M | $4M | $906,000 | $2M | $4M |
| Pre-tax income | — | -$176M | -$605M | -$400M | -$729M | -$304M | $85M | $1.3B |
| Income tax | — | $5M | $3M | $9M | -$20M | -$9M | -$748M | -$13M |
| Net income | -$67M | -$181M | -$608M | -$408M | -$710M | -$295M | $833M | $1.3B |
| EPS (diluted) | — | -$4.69 | -$13.40 | -$7.99 | -$13.05 | -$5.16 | $12.78 | $19.57 |
| Diluted shares | 33M | 39M | 45M | 51M | 54M | 57M | 65M | 66M |
| Gross margin | — | — | — | — | -193.5% | -231.6% | 89.9% | 89.4% |
| Operating margin | -381.0% | -253.5% | -1158.1% | -70.1% | -7184.7% | -1196.2% | -1.0% | 24.8% |
| Net margin | -310.2% | -231.0% | -1475.3% | -82.1% | -7077.5% | -830.4% | 37.0% | 30.4% |
Balance sheet
Fiscal years, from argenx NV ADR's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $322M | $372M | $1.2B | $1.3B | $801M | $2.0B | $1.5B | $3.5B |
| Receivables | — | $32M | $7M | $38M | $276M | $497M | $904M | $1.6B |
| Inventory | — | — | $25M | $109M | $228M | $311M | $407M | $474M |
| Total current assets | — | $1.5B | $2.1B | $2.5B | $2.8B | $4.1B | $4.9B | $6.9B |
| Property, plant and equipment | — | $9M | $12M | $16M | $16M | $23M | $44M | $48M |
| Total assets | — | $1.6B | $2.3B | $2.9B | $3.1B | $4.5B | $6.2B | $8.7B |
| Total current liabilities | — | $180M | $328M | $301M | $302M | $423M | $670M | $1.3B |
| Total liabilities | — | $430M | $605M | $316M | $321M | $445M | $704M | $1.4B |
| Shareholders' equity | $616M | $1.2B | $1.7B | $2.5B | $2.8B | $4.1B | $5.5B | $7.3B |
| Net debt | -$322M | -$372M | -$1.2B | -$1.3B | -$801M | -$2.0B | -$1.5B | -$3.5B |
Cash flow
Fiscal years, from argenx NV ADR's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | $152M | -$398M | -$607M | -$863M | -$420M | -$83M | $685M |
| Capital spending | — | $47M | $5M | $121M | $104M | $44M | $68M | $112M |
| Free cash flow | — | $105M | -$404M | -$728M | -$967M | -$464M | -$151M | $574M |
| Stock-based compensation | — | $44M | $97M | $179M | $157M | $233M | $235M | $248M |
| Free cash flow margin | — | 133.7% | -978.6% | -146.4% | -9641.2% | -1306.2% | -6.7% | 13.5% |
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Open ARGX in InvestinglyQuestions
What was argenx NV ADR's revenue in 2025?
$4.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does argenx NV ADR generate?
$574M in fiscal 2025 (operating cash flow minus capital spending).
From argenx NV ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.