argenx SE (ARGX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Sales/Revenue | 1.3B | 947.96M | 1.35B | 901.94M | 757.68M | 468.2M | 302.91M | 111.36M | 26.04M | 420.44M | 22.64M | 30.52M | 31.29M | 51.3M | 8.73M | 20.5M | 16.43M | 24.57M | 10.18M | 6.97M |
| Revenue Growth % | -3.58% | 5.1% | 77.68% | 92.64% | 150.14% | 320.46% | 1063.28% | -73.51% | 15.01% | 1277.38% | -27.63% | -40.5% | 258.24% | 150.26% | -46.83% | -16.57% | 61.36% | 252.34% | 67.14% | 60.37% |
| Cost of Goods Sold | 121M | 110.75M | 664.9M | -437.61M | 573.6M | 369.97M | 380.59M | 272.29M | 269.39M | 230.96M | 148.69M | 168.41M | 119.36M | 78.3M | 49.24M | 34.37M | 26.15M | 25.59M | 20.29M | 11.26M |
| COGS % of Revenue | 9.32% | 11.68% | 49.39% | -48.52% | 75.71% | 79.02% | 125.65% | 244.52% | 1034.56% | 54.93% | 656.71% | 551.72% | 381.53% | 152.64% | 563.82% | 167.68% | 159.2% | 104.16% | 199.37% | 161.52% |
| Gross Profit | 1.18B | 837.21M | 681.37M | 1.28B | 184.07M | 107.19M | -77.68M | -168.61M | -243.35M | 189.49M | -126.05M | -137.89M | -88.08M | -27M | -40.51M | -13.87M | -8.78M | -1.71M | -10.12M | -4.76M |
| Gross Margin % | 90.68% | 88.32% | 50.61% | 142.09% | 24.29% | 22.89% | -25.65% | -151.41% | -934.56% | 45.07% | -556.71% | -451.72% | -281.53% | -52.64% | -463.82% | -67.68% | -53.43% | -6.95% | -99.37% | -68.32% |
| Gross Profit Growth % | 72.74% | -34.67% | 270.16% | 1095.59% | 336.95% | 163.58% | 68.08% | -188.98% | -93.07% | 237.42% | -43.11% | -410.61% | -117.44% | -94.66% | -361.54% | -712.24% | 13.24% | 64.15% | -62.15% | 3.48% |
| Operating Expenses | 783M | 633.37M | 562.71M | 495.01M | 796.72M | 286.86M | 224.03M | 218.26M | 166.89M | 129.6M | 101.7M | 66.99M | 40.39M | 31.23M | 18.28M | 13.45M | 8.88M | 5.04M | 3.95M | 3.06M |
| OpEx % of Revenue | 60.32% | 66.81% | 41.8% | 54.88% | 105.15% | 61.27% | 73.96% | 196% | 640.93% | 30.82% | 449.19% | 219.47% | 129.12% | 60.87% | 209.32% | 65.59% | 54.08% | 20.53% | 38.79% | 43.93% |
| Selling, General & Admin | 355M | 321.35M | 563.64M | 491.69M | 400.76M | 285.14M | 227.38M | 218.26M | 156.43M | 109.28M | 84.9M | 60.45M | 37.11M | 27.46M | 15.96M | 11.51M | 7.4M | 5.04M | 4.16M | 3.06M |
| SG&A % of Revenue | 27.35% | 33.9% | 41.87% | 54.52% | 52.89% | 60.9% | 75.06% | 196% | 600.75% | 25.99% | 375% | 198.02% | 118.61% | 53.53% | 182.72% | 56.17% | 45.07% | 20.53% | 40.82% | 43.93% |
| Research & Development | 443M | 327.7M | 297.23M | 446.79M | 396.66M | 331.15M | 384.48M | 275.98M | 303.85M | 271.6M | 148.69M | 168.41M | 119.36M | 78.3M | 49.24M | 40.13M | 26.15M | 29.23M | 20.29M | 12.51M |
| R&D % of Revenue | 34.13% | 34.57% | 22.08% | 49.54% | 52.35% | 70.73% | 126.93% | 247.84% | 1166.91% | 64.6% | 656.71% | 551.72% | 381.53% | 152.64% | 563.82% | 195.79% | 159.2% | 118.98% | 199.37% | 179.38% |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | -696.03K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 394M | 203.84M | 117.23M | -138.88M | -219.21M | -188.63M | -301.72M | -379.19M | -389.98M | 80.21M | -209.3M | -197.5M | -124.09M | -54.47M | -56.46M | -25.39M | -19.41M | -6.75M | -14.8M | -7.35M |
| Operating Margin % | 30.35% | 21.5% | 8.71% | -15.4% | -28.93% | -40.29% | -99.61% | -340.53% | -1497.69% | 19.08% | -924.41% | -647.03% | -396.63% | -106.18% | -646.54% | -123.85% | -118.18% | -27.49% | -145.42% | -105.45% |
| Operating Income Growth % | 236.1% | 246.77% | 153.48% | 26.37% | 27.34% | 50.26% | 22.63% | -572.76% | -86.33% | 140.61% | -68.67% | -262.61% | -119.77% | -114.55% | -190.88% | -275.94% | -31.14% | 8.16% | -77.16% | 8.95% |
| EBITDA | 427M | 288.02M | 126.11M | -130.27M | -115.73M | -184.39M | -210.51M | -376.15M | -387.09M | 82.71M | -207.07M | -195.8M | -122.72M | -53.41M | -56.2M | -25.17M | -19.2M | -6.54M | -14.6M | -7.21M |
| EBITDA Margin % | 32.9% | 30.38% | 9.37% | -14.44% | -15.27% | -39.38% | -69.5% | -337.79% | -1486.57% | 19.67% | -914.6% | -641.44% | -392.26% | -104.12% | -643.57% | -122.8% | -116.87% | -26.63% | -143.42% | -103.37% |
| EBITDA Growth % | 238.58% | 321.1% | 208.97% | 29.35% | 45.03% | 50.98% | 45.62% | -554.8% | -86.93% | 142.24% | -68.74% | -266.57% | -118.35% | -112.2% | -192.78% | -284.72% | -31.49% | 9.23% | -76.98% | 9.8% |
| D&A (Non-Cash Add-back) | 0 | 0 | 8.89M | 8.61M | 103.48M | 4.24M | 91.2M | 3.05M | 2.9M | 2.5M | 2.22M | 1.7M | 1.37M | 1.05M | 259K | 215K | 215K | 210K | 202.91K | 145K |
| EBIT | 427M | 288.02M | 117.72M | -30.08M | -141.62M | -186.91M | -305.06M | -397.27M | -399.78M | 76.6M | -210.95M | -198.34M | -125.18M | -54.47M | -54.59M | -25.39M | -16.18M | -6.75M | -14.06M | -7.35M |
| Net Interest Income | 43M | 37.27M | 19.62M | 38.36M | 25.61M | 36.69M | 20.19M | 3.59M | 3.36M | -743.56K | 682.16K | -2.4M | 559K | 8.14M | 115K | 1.26M | 156K | 9K | 22K | 39K |
| Interest Income | 44M | 38.4M | 20.33M | 38.93M | 25.88M | 37.09M | 21.97M | 5.71M | 3.36M | 0 | 682.16K | 0 | 559K | 8.14M | 115K | 1.52M | 156K | 9.85K | 37.29K | 39K |
| Interest Expense | 1M | 1.13M | 704K | 572K | 278K | 395.64K | 1.78M | 2.12M | 0 | 743.56K | 0 | 2.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 32M | 83.06M | 57.3M | 49.53M | 74.75M | 45.8M | 40.81M | -47.52M | -28.01M | -16.12M | -102.8M | -1.92M | 11.94M | 11.03M | 12.28M | 6.17M | -1.06M | -845K | 47.36K | -3K |
| Pretax Income | 426M | 286.9M | 174.53M | -89.35M | -144.46M | -146.66M | -263.61M | -426.71M | -474.49M | 64.08M | -380.95M | -224.01M | -113.44M | -44.77M | -52.4M | -23.48M | -19.88M | -8.68M | -14.02M | -7.36M |
| Pretax Margin % | 32.82% | 30.26% | 12.96% | -9.91% | -19.07% | -31.32% | -87.03% | -383.2% | -1822.24% | 15.24% | -1682.58% | -733.86% | -362.61% | -87.27% | -600.02% | -114.54% | -121.04% | -35.32% | -137.71% | -105.49% |
| Income Tax | 60M | 41.54M | -687.65M | -56.82M | 27.36M | -34.06M | -8.04M | 10.61M | -3.79M | 10.82M | 500.98K | 2.22M | 4.4M | 350K | 825K | 31K | 0 | 597K | 0 | 0 |
| Effective Tax Rate % | 14.08% | 14.48% | -394% | 63.59% | -18.94% | 23.22% | 3.05% | -2.49% | 0.8% | 16.89% | -0.13% | -0.99% | -3.88% | -0.78% | -1.57% | -0.13% | 0% | -6.88% | 0% | 0% |
| Net Income | 366M | 245.36M | 865.57M | -32.53M | -155.63M | -112.94M | -255.57M | -416.1M | -414.2M | 53.26M | -312.6M | -201.64M | -117.84M | -45.12M | -46.56M | -20.08M | -19.88M | -8.2M | -14.02M | -7.36M |
| Net Margin % | 28.2% | 25.88% | 64.29% | -3.61% | -20.54% | -24.12% | -84.37% | -373.67% | -1590.69% | 12.67% | -1380.66% | -660.58% | -376.68% | -87.96% | -533.21% | -97.94% | -121.04% | -33.36% | -137.71% | -105.49% |
| Net Income Growth % | -57.72% | 854.23% | 656.18% | 71.2% | 39.1% | 72.86% | 38.3% | -881.23% | -32.5% | 126.41% | -165.26% | -346.89% | -153.07% | -124.75% | -134.22% | -144.98% | -41.82% | -11.41% | -69.05% | -4.79% |
| Net Income (Continuing) | 366M | 245.36M | 865.57M | -32.53M | -155.63M | -112.94M | -255.57M | -434.26M | -470.19M | 53.26M | -312.6M | -201.64M | -117.84M | -45.12M | -46.56M | -20.08M | -19.88M | -9.36M | -14.02M | -7.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 13.22 | 6.37 | 12.20 | -0.55 | -2.95 | -2.03 | -4.62 | -7.78 | -8.04 | 0.99 | -6.60 | -4.64 | -2.99 | -1.19 | -1.35 | -0.62 | -0.72 | -0.38 | -0.69 | -0.42 |
| EPS Growth % | 8.36% | 1258.18% | 513.56% | 72.91% | 36.15% | 73.91% | 42.54% | -885.86% | -21.82% | 121.34% | -120.74% | -289.92% | -121.48% | -91.94% | -87.5% | -63.16% | -4.35% | 9.52% | -30.19% | 6.67% |
| EPS (Basic) | 14.25 | 6.85 | 14.44 | -0.55 | -2.95 | -2.03 | -4.62 | -7.78 | -8.04 | 0.99 | -6.60 | -4.64 | -2.99 | -1.19 | -1.35 | -0.62 | -0.72 | -0.38 | -0.69 | -0.42 |
| Diluted Shares Outstanding | 66.2M | 65.65M | 70.95M | 59.4M | 58.28M | 55.69M | 55.31M | 53.45M | 51.51M | 53.99M | 47.34M | 43.48M | 39.47M | 37.76M | 34.46M | 32.38M | 27.46M | 21.76M | 20.28M | 17.36M |
| Basic Shares Outstanding | 61.42M | 61.03M | 59.84M | 59.4M | 58.28M | 55.69M | 55.31M | 53.45M | 51.51M | 53.99M | 47.34M | 43.48M | 39.47M | 37.76M | 34.46M | 32.38M | 27.46M | 21.76M | 20.28M | 17.36M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |