argenx SE (ARGX) Financial Statements
argenx financial statements at a glance
argenx reported revenue of $4.15 billion for fiscal year 2025 (ended December 31, 2025), up 89.6% from fiscal year 2024. Net income was $1.29 billion, a net margin of 31.1%, and diluted earnings per share were $19.57.
At the end of fiscal year 2025 it had total assets of $8.68 billion, total liabilities of $1.36 billion and shareholders' equity of $7.32 billion, with cash and short-term investments of $4.44 billion and total debt of $47.16 million.
Its operations brought in $685.19 million of cash; capital spending was $111.68 million, leaving free cash flow of $573.51 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
argenx SE
Income Statement
Annual • USD
argenx key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.2B | $2.2B | $1.2B | $410.7M | $497.3M |
| Gross profit | $3.7B | $2.0B | $1.1B | $381.3M | $497.3M |
| Operating income | $1.1B | -$17.8M | -$420.6M | -$723.9M | -$359.9M |
| Net income | $1.3B | $833.0M | -$295.1M | -$709.6M | -$408.3M |
| Diluted EPS | $19.57 | $12.78 | -$5.16 | -$13.05 | -$7.99 |
| Total assets | $8.7B | $6.2B | $4.5B | $3.1B | $2.9B |
| Total liabilities | $1.4B | $704.2M | $445.0M | $320.6M | $316.1M |
| Shareholders' equity | $7.3B | $5.5B | $4.1B | $2.8B | $2.5B |
| Cash and short-term investments | $4.4B | $3.4B | $3.2B | $2.2B | $2.3B |
| Total debt | $47.2M | $39.1M | $20.0M | $12.4M | $11.5M |
| Operating cash flow | $685.2M | -$82.7M | -$420.3M | -$862.8M | -$606.8M |
| Capital spending | $111.7M | $68.3M | $43.8M | $103.8M | $121.4M |
| Free cash flow | $573.5M | -$151.0M | -$464.1M | -$966.6M | -$728.2M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was argenx's revenue in fiscal year 2025?
$4.15 billion, up 89.6% from $2.19 billion in fiscal year 2024.
How much profit does argenx make?
argenx reported net income of $1.29 billion for fiscal year 2025 (31.1% of revenue); operating income was $1.05 billion.
How much cash and debt does argenx have?
At the end of fiscal year 2025: cash and short-term investments of $4.44 billion and total debt of $47.16 million.
What is argenx's free cash flow?
$573.51 million in fiscal year 2025 (operating cash flow of $685.19 million minus capital spending of $111.68 million).
