argenx SE logo

argenx SE

ARGX

NASDAQHealthcareBiotechnology

Previous close

$1,039.78

+$1.66 · +0.16%

Aug 21, 4:00 PM ET

ARGX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

81

Deep Value

Momentum

46

Neutral

Sentiment

71

Bullish

Risk resilience

72

Moderate Risk

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Company profile

Company website

argenx SE, a biotechnology company established in Amsterdam, the Netherlands, in 2008, is dedicated to developing innovative therapies primarily for autoimmune diseases. The company's operations span across key global markets, including the United States, Japan, Europe, the Middle East, Africa, and China. Its leading investigational therapy is efgartigimod, which is being developed to address a broad range of conditions. These include generalized myasthenia gravis, immune thrombocytopenia, pemphigus vulgaris, chronic inflammatory demyelinating polyneuropathy, thyroid eye disease, bullous pemphigoid, myositis, primary Sjögren's syndrome, post-COVID postural orthostatic tachycardia syndrome, membranous nephropathy, lupus nephropathy, ANCA-associated vasculitis, and antibody-mediated rejection. Also noted in connection with its lead product efforts is ENHANZE SC. The company's extensive development pipeline features several other promising candidates. Empasiprubart is in development for multifocal motor neuropathy, delayed graft function, and dermatomyositis. ARGX-119 is being investigated for congenital myasthenic syndrome and amyotrophic lateral sclerosis. Further pipeline assets include ARGX-213, which targets FcRn; ARGX-121 and ARGX-220, both designed to modulate the immune system; ARGX-109, which targets IL-6; and ARGX-118, developed for inflammatory indications. argenx is also advancing cusatuzumab, ARGX-112, ARGX-114, and ARGX-115. The company’s portfolio encompasses several proprietary products and brands, such as VYVGART, VYVGART HYTRULO, VYVDURA, ARGENX, ABDEG, NHANCE, SIMPLE ANTIBODY, and ARGENXMEDHUB. Strategic collaborations are integral to argenx's business model. It maintains partnerships with AbbVie S.À.R.L., Zai Lab Limited, and LEO Pharma A/S, alongside numerous collaboration and license agreements with entities including Genor Biopharma Co. Ltd, Université Catholique de Louvain, Sopartec S.A., NYU Langone Health, Leiden University Medical Center, AgomAb Therapeutics NV, Broteio Pharma B.V., VIB vzw, University of Texas, BioWa, Inc., and Shire International GmbH. A specific collaboration with Genmab A/S focuses on the discovery, development, and commercialization of novel therapeutic antibodies for immunology and oncology applications. Additionally, argenx has a strategic collaboration with IQVIA Holdings Inc. for the provision of safety systems and related services.

Industry
Biotechnology
Sector
Healthcare
Headquarters
NL
CEO
Karen Massey
Listed since
May 18, 2017
Employees
1,863

Market position

Day range

Current $1,039.78

52-week range

Current $1,039.78

Open
$1,033.77
Previous close
$1,038.12
Volume
377.3K
1.14× average
Average volume
330.07K
Average daily volume
Market cap
64.66B USD
Beta
-0.02
Market reference 1
50-day average
$894.64
+16.22% above average
200-day average
$836.54
+24.29% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
48.14B USD
P/E (TTM)
38.19×
P/B (TTM)
7.78×
P/S (TTM)
12.63×
EV / EBITDA
36.72×
Earnings yield
2.51%
Free cash flow yield
1.64%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
89.94%
Operating margin
28.81%
Net margin
32.87%
Return on equity
17.64%
Return on assets
14.88%
Return on invested capital
14.30%

Financial health

Debt / equity
0.01×
Current ratio
5.23×
Altman Z-score
22.96
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends120%12%-95%-202%Gross margin, FY2021: 46.14%Gross margin, FY2022: 92.83%Gross margin, FY2023: 90.39%Gross margin, FY2024: 89.62%Gross margin, FY2025: 89.15%Operating margin, FY2021: -32.36%Operating margin, FY2022: -175.37%Operating margin, FY2023: -34.66%Operating margin, FY2024: -0.99%Operating margin, FY2025: 25.39%Net margin, FY2021: -37.88%Net margin, FY2022: -172.76%Net margin, FY2023: -24.06%Net margin, FY2024: 38.03%Net margin, FY2025: 31.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 46.14%. Gross margin FY2022 92.83%. Gross margin FY2023 90.39%. Gross margin FY2024 89.62%. Gross margin FY2025 89.15%. Operating margin FY2021 -32.36%. Operating margin FY2022 -175.37%. Operating margin FY2023 -34.66%. Operating margin FY2024 -0.99%. Operating margin FY2025 25.39%. Net margin FY2021 -37.88%. Net margin FY2022 -172.76%. Net margin FY2023 -24.06%. Net margin FY2024 38.03%. Net margin FY2025 31.11%.

Income trends

Revenue

4.15B USD+89.64%

Operating income

1.05B USD+1.08B USD

Net income

1.29B USD+55.10%
Income trends across reported periods4.64B USD2.69B USD741.81M USD−1.21B USDRevenue, FY2021: 1.08B USDRevenue, FY2022: 410.75M USDRevenue, FY2023: 1.23B USDRevenue, FY2024: 2.19B USDRevenue, FY2025: 4.15B USDOperating income, FY2021: −348.75M USDOperating income, FY2022: −720.34M USDOperating income, FY2023: −425.05M USDOperating income, FY2024: −21.65M USDOperating income, FY2025: 1.05B USDNet income, FY2021: −408.27M USDNet income, FY2022: −709.59M USDNet income, FY2023: −295.05M USDNet income, FY2024: 833.04M USDNet income, FY2025: 1.29B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.08B USD. Revenue FY2022 410.75M USD. Revenue FY2023 1.23B USD. Revenue FY2024 2.19B USD. Revenue FY2025 4.15B USD. Operating income FY2021 −348.75M USD. Operating income FY2022 −720.34M USD. Operating income FY2023 −425.05M USD. Operating income FY2024 −21.65M USD. Operating income FY2025 1.05B USD. Net income FY2021 −408.27M USD. Net income FY2022 −709.59M USD. Net income FY2023 −295.05M USD. Net income FY2024 833.04M USD. Net income FY2025 1.29B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.15B USD2.19B USD1.23B USD410.75M USD1.08B USD
Cost of goods sold450.67M USD227.29M USD117.84M USD29.43M USD580.52M USD
Gross profit3.7B USD1.96B USD1.11B USD381.32M USD497.28M USD
Research and development1.36B USD983.42M USD859.49M USD663.37M USD580.52M USD
Selling, general, and administrative1.36B USD1.06B USD709.54M USD469.92M USD305.52M USD
Operating expenses2.65B USD1.98B USD1.53B USD1.1B USD846.02M USD
Interest income163.09M USD138.5M USD92.96M USD24.74M USD3.49M USD
Interest expense4.08M USD2.22M USD904K USD2.19M USD1.1M USD
Depreciation and amortization28.1M USD17.53M USD111.48M USD104.34M USD5.87M USD
Operating income1.05B USD−21.65M USD−425.05M USD−720.34M USD−348.75M USD
Net income1.29B USD833.04M USD−295.05M USD−709.59M USD−408.27M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+1325.69%
11 comparable reports
Latest EPS result
7.32
Estimate 6.27 · Beat by 16.75%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates13.348.052.77-2.52Q4 '23BeatQ2 '24MissQ4 '24BeatQ2 '25MissQ3 '25BeatQ2 '26BeatQ3 '26BeatQ1 '27Estimate
Q4 2023, reported Oct 31, 2023: actual -1.25, estimate -1.43, surprise +12.59%, Beat. Q2 2024, reported May 9, 2024: actual -1.04, estimate -0.8, surprise -30.00%, Miss. Q4 2024, reported Oct 31, 2024: actual 1.39, estimate 0.01, surprise +13800.00%, Beat. Q2 2025, reported May 8, 2025: actual 2.68, estimate 2.89, surprise -7.27%, Miss. Q3 2025, reported Jul 31, 2025: actual 2.94, estimate -0.91, surprise +423.08%, Beat. Q2 2026, reported May 7, 2026: actual 12.25, estimate 4.75, surprise +157.89%, Beat. Q3 2026, reported Jul 23, 2026: actual 7.32, estimate 6.27, surprise +16.75%, Beat. Q1 2027, reported Mar 4, 2027: actual —, estimate 8.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.02B2.1B1.18B260.09MQ4 '23BeatQ2 '24BeatQ4 '24MissQ2 '25BeatQ3 '25MissQ2 '26BeatQ3 '26BeatQ1 '27Estimate
Q4 2023, reported Oct 31, 2023: actual 495.13M USD, estimate 305.99M USD, surprise +61.81%, Beat. Q2 2024, reported May 9, 2024: actual 623.65M USD, estimate 349.72M USD, surprise +78.33%, Beat. Q4 2024, reported Oct 31, 2024: actual 373.65M USD, estimate 566.23M USD, surprise -34.01%, Miss. Q2 2025, reported May 8, 2025: actual 763.56M USD, estimate 683.31M USD, surprise +11.74%, Beat. Q3 2025, reported Jul 31, 2025: actual 805.2M USD, estimate 960.27M USD, surprise -16.15%, Miss. Q2 2026, reported May 7, 2026: actual 2.07B USD, estimate 1.04B USD, surprise +98.00%, Beat. Q3 2026, reported Jul 23, 2026: actual 2.82B USD, estimate 1.66B USD, surprise +69.62%, Beat. Q1 2027, reported Mar 4, 2027: actual —, estimate 1.79B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1,140.69

9.70% upside
Past 12 months12-month forecastHigh $1,350Average $1,140.69Low $932

Rating distribution

36 ratings
Strong buy13%
Buy3083%
Hold514%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

ARGX news

ARGX peers

ETFs holding ARGX

Funds reporting this stock among their holdings, ordered by reported position size.

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