argenx SE (ARGX) Financial Statements & Analysis

argenx SE (ARGX) Income Statement

argenx SE reported revenue of EUR 4.15B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 84.7% from EUR 2.25B a year earlier. Net income was EUR 1.29B, up 55.1% year over year, a net margin of 31.1%. Gross margin was 89.1% and operating margin 25.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.54B, up 59.3% from the same quarter a year earlier.

argenx SE Income Statement Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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argenx SE income statement - Annual data in billions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	4.15	2.25	1.23	0.44	0.50	0.06	0.08	0.02	0.04
Cost of Revenue	0.45	1.21	0.12	0.69	0.58	0.37	0.00	0.00	0.00
Gross Profit	3.70	2.02	1.11	0.42	0.50	-0.31	0.08	0.02	0.04
Operating Expenses
Research & Development	1.36	0.98	0.86	0.66	0.58	0.37	0.22	0.10	0.06
Selling, General & Administrative	1.36	1.06	0.71	0.47	0.31	0.17	0.07	0.03	0.01
Operating Expenses	2.65	2.05	1.53	1.14	0.86	0.17	0.28	0.12	0.07
Operating Income	1.05	-0.02	-0.43	-0.72	-0.36	-0.48	-0.20	-0.09	-0.03
Other Income/Expense
Interest Income	0.16	0.16	0.09	0.03	0.00	0.01	0.01	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	0.22	0.11	0.12	-0.01	-0.04	0.00	0.02	0.02	-0.01
Income
Income Before Tax	1.28	0.09	-0.30	-0.73	-0.40	-0.61	-0.18	-0.08	-0.03
Income Tax Expense	-0.01	-0.75	-0.01	-0.02	0.01	0.00	0.01	0.00	0.00
Net Income	1.29	0.83	-0.30	-0.71	-0.41	-0.61	-0.18	-0.08	-0.03
Net Income - Continuous Operations	1.29	0.83	-0.30	-0.71	-0.41	-0.61	-0.18	-0.08	-0.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	1.31	-0.02	-0.19	-0.62	-0.39	-0.48	-0.17	-0.09	-0.03
EBIT	1.05	-0.02	-0.42	-0.72	-0.40	-0.48	-	-	-
Depreciation & Amortization	0.03	0.00	0.11	0.10	0.00	0.00	0.00	0.00	0.00
Earnings Per Share
Basic EPS	21.00	14.00	-5.00	-13.00	-8.00	-13.00	-5.00	-2.00	-1.00
Diluted EPS	20.00	13.00	-5.00	-13.00	-8.00	-13.00	-5.00	-2.00	-1.00
Basic Shares Outstanding	0.06	0.06	0.06	0.05	0.05	0.05	0.04	0.04	0.02
Diluted Shares Outstanding	0.07	0.07	0.06	0.05	0.05	0.05	0.04	0.04	0.02

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About argenx SE Financial Statements

What was argenx SE's revenue in fiscal 2025?

argenx SE reported revenue of EUR 4.15B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 84.7% from EUR 2.25B a year earlier.

Is argenx SE profitable?

Yes. argenx SE earned net income of EUR 1.29B in fiscal 2025, a net margin of 31.1%. In fiscal 2024 it earned EUR 833.04M.

What is argenx SE's operating margin?

argenx SE's operating income was EUR 1.05B on revenue of EUR 4.15B in fiscal 2025, an operating margin of 25.4%, compared with -1.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition