argenx

ARGX · NASDAQ · USD

$919.21−1.79%−$16.79

Close · October 2, 2026

At a glance

Revenue growth: +88.44%; 2025 vs 2024
Net income growth: +55.10%; 2025 vs 2024
Net margin: 30.5%; 2024: 37.1%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	1,541	1,313	1,311	1,151	968	807	757	589	489	413	418	340
Cost of revenue	631	564	521	465	444	390	370	295	278	268	346	228
Gross profit	910	749	789	686	524	417	388	294	212	144	72.0	112
Selling, general and administrative	417	355	430	336	325	276	286	278	256	236	209	192
Research and development	486	443	372	356	328	—	—	—	—	—	—	—
Operating income	493	394	360	350	199	141	102	16.2	-43.9	-91.6	-137	-79.8
EBIT	493	394	360	350	199	141	102	16.2	-43.9	-91.6	-137	-79.8
EBITDA	502	396	361	350	205	142	102	42.1	-39.6	-65.7	-111	-54.7
Interest expense	1.0	1.0	0.8	1.0	0.9	1.1	0.3	0.7	0.6	0.5	0.1	0.2
Pre-tax income	531	426	403	386	287	202	86.5	88.0	-15.0	-74.4	-61.2	-83.3
Income tax	59.0	60.0	-130	41.8	41.1	32.9	-688	-3.4	-44.1	-12.8	38.0	-10.6
Net income	472	366	533	344	246	169	774	91.4	29.1	-61.6	-99.2	-72.6
Net income to common shareholders	472	366	533	344	246	169	774	91.4	29.1	-61.6	-99.2	-72.6
Basic EPS	7.57	5.90	8.63	5.61	4.02	2.78	12.79	1.52	0.49	-1.04	-1.68	-1.25
Diluted EPS	7.30	5.52	8.03	5.18	3.74	2.58	11.79	1.39	0.45	-1.04	-1.68	-1.25
Average shares (basic)	62.3	62.1	61.7	61.4	61.1	61.0	60.5	60.1	59.5	59.3	59.1	58.1
Average shares (diluted)	64.5	66.4	66.4	66.4	65.6	65.7	65.7	65.8	64.6	59.3	59.1	58.1