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ARGX US​

Argenx Se American Depositary Receipt(ARGX US)

$873.71-2.060.23%Ext:$869.33-4.370.50%(Market Closed · 23:56:14 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Argenx Se American Depositary Receipt — Company Profile

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.

Sector
Materials
Industry
Paper & Forest Products
Exchange
UQ
CEO
Karen Massey
Headquarters
Amsterdam, C9, NL
IPO Date
May 18, 2017
Employees
1,863
Website
www.argenx.com

Key Metrics

Price
$919.21
Market Cap
$57.16B
Revenue (TTM)
$4.15B
Net Income (TTM)
$1.29B
EPS (TTM)
21.14
P/E (TTM)
37.01
P/B (TTM)
7.81
Dividend Yield
0.00%
ROE (TTM)
17.64%
ROA (TTM)
14.88%
Operating Margin
25.39%
Beta
0.46

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

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.

Website
www.argenx.com
Location
Amsterdam, C9, NL
Phone31 10 703 8441
Employees1,863
CEOKaren Massey
Sector
Materials
Industry
Paper & Forest Products
IPO DateMay 18, 2017

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Latest Documents

SEC Filings(286)

Expand
  • 6-KCurrent report (foreign private issuer)22 Oct
  • 6-KCurrent report (foreign private issuer)19 Oct
  • 6-KCurrent report (foreign private issuer)8 Oct
  • 6-KCurrent report (foreign private issuer)29 Sep
  • 6-KCurrent report (foreign private issuer)27 Aug
  • SC TO-T/ATender offer statement (third-party, amendment)27 Aug
  • SC TO-T/ATender offer statement (third-party, amendment)19 Aug
  • 6-KCurrent report (foreign private issuer)17 Aug
  • SC 13G/AARGENX SE14 Aug
  • SC TO-T/ATender offer statement (third-party, amendment)6 Aug
  • SC TO-TTender offer statement (third-party)6 Aug
  • 6-KCurrent report (foreign private issuer)3 Aug
  • SC TO-CTender offer statement (communication)28 Jul
  • SC TO-CTender offer statement (communication)27 Jul
  • 6-KCurrent report (foreign private issuer)27 Jul
  • 6-KCurrent report (foreign private issuer)23 Jul
  • 6-KCurrent report (foreign private issuer)23 Jun
  • 6-KCurrent report (foreign private issuer)3 Jun
  • 6-KCurrent report (foreign private issuer)8 May
  • 6-KCurrent report (foreign private issuer)7 May

News

  • argenx: 3 Key Takeaways for Long-Term Investors23 Oct
  • 714 argenex SE $ARGX Shares Bought by Diversify Advisory Services LLC23 Oct
  • argenx SE (ARGX) Q3 2026 Earnings Call Transcript22 Oct
  • HRMY or ARGX: Which Is the Better Value Stock Right Now?22 Oct
  • What argenex (ARGX) Said on Its Q3 Earnings Call22 Oct
  • argenx to Report Third Quarter 2026 Financial Results and Business Update on October 22, 202615 Oct
  • ARGX Investors with $100,000 in Losses Have Opportunity to Join argenx SE Fraud Investigation with SBS Law12 Oct
  • argenx Meets Primary Endpoint in Phase II Celiac Disease Study9 Oct
  • ARGX Stock Down on Stopping Late-Stage Autoimmune Disease Study9 Oct
  • argenx: The Sjögren's Selloff Looks Overdone9 Oct
  • argenx Investigation Notice: SueWallSt Notifies Investors of Pending Investigation Into argenx (ARGX)8 Oct
  • HALO Wins Court Order Blocking Merck's Keytruda SC in Europe8 Oct
  • argenx shares drop after trial of Vyvgart in Sjögren's disease is halted8 Oct
  • Argenx Halts Phase 3 Study in Rare Disease Following Futility Analysis8 Oct
  • Argenx, Caribou Biosciences And Other Big Stocks Moving Lower In Thursday's Pre-Market Session8 Oct
  • Argenx discontinues Vyvgart study in Sjögren's disease, shares tumble8 Oct
  • Argenx Shares Plunge After Autoimmune-Disease Trial Halt8 Oct
  • argenx Announces Positive Topline Results from Phase 2 Study of FB102 in Celiac Disease8 Oct
  • argenx Provides Update on Phase 3 UNITY Study of Efgartigimod SC in Sjögren's Disease8 Oct
  • Integrated Wealth Concepts LLC Sells 725 Shares of argenex SE $ARGX6 Oct

Mentions in Filings

  • … discontinuation. Additionally, LUMVOA™ (veligrotug-vvze) was approved in June 2026. The treatment paradigm in GD and TED is rapidly evolving and several companies, including Immunovant, Inc., Biohaven Ltd., Alumis Inc., <strong>Argenx SE</strong>, Biohaven, Sanofi, Merida Biosciences, H. Lundbeck A/S, Lassen Therapeutics, Roche, Sling Therapeutics, Inc., Novartis AG (which acquired Tourmaline Bio, Inc. in October 2025) and Viridian Therapeutics, Inc., are develop …
    Yarrow Bioscience, Inc.Argenx Se American Depositary Receipt·EX-99.2 - 8-K - Other Events·Q3 26·10 Sep
  • … ialized biotechnology companies and emerging biotechnology companies, including Immunovant, Inc., Biohaven Ltd., Amgen, Inc. (“Amgen”), which acquired TEPEZZA® from Horizon Therapeutics plc in October 2023, Alumis Inc., <strong>Argenx SE</strong>, Sanofi, Merida Biosciences, H. Lundbeck A/S, Lassen Therapeutics, Roche, Sling Therapeutics, Inc., Novartis AG (which acquired Tourmaline Bio, Inc. in October 2025), and Viridian Therapeutics, Inc., as well as academic …
    Yarrow Bioscience, Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q2·Q2 26·13 Aug
  • #Anheuser-Busch InBev SA/ NV, Sponsored ADR 2,181 156,334 \*Argenx SE 55 46,050 \*Argenx SE, Sponsored ADR 3,355 2,819,878 Barco NV 55,325 766,117 Bekaert SA 42,603 2,103,339 \*bpost SA 45,533 118,087 Cie d'Entreprises CFE 906 9,851 CMB Tech NV 13,847 180,565 CMB. Tech NV 69,652 911,370
    Dimensional ETF TrustArgenx Se American Depositary Receipt·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … opment for IgG4-related disease, including obexelimab (Zenas BioPharma, Inc./Bristol Myers Squibb Company), a bifunctional CD19/FcγRIIB-targeting antibody; rilzabrutinib (Sanofi S.A.), a BTK inhibitor, and efgartigimod (<strong>argenx SE</strong>), an FcRn inhibitor. In SjD and related autoimmune indications, numerous companies are developing therapies directed against pathways including CD40/CD40L, BAFF, APRIL, BAFF-R, FcRn, BTK, TYK2 and other immune targets. T …
    Spero Therapeutics, Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q2·Q2 26·12 Aug
  • … d or in development by many different companies including large pharmaceutical companies such as Alexion Pharmaceuticals, Inc. (Solaris and Ultomiris/Myasthenia Gravis), Amgen Inc. (“Amgen”) (Uplinza/Myasthenia Gravis), <strong>Argenx SE</strong> (VYVGART and VYVGART HYTRULO/Myasthenia Gravis), UCB S.A. (Rystiggo and Zilbrysq/Myasthenia Gravis), Johnson & Johnson (Imaavy/Myasthenia Gravis), GlaxoSmithKline plc (Benlysta/lupus), F. Hoffman-La Roche AG (Rituxan/oft …
    Vor Biopharma Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q2·Q2 26·11 Aug
  • … they have not yet entered clinical development. In addition, several companies are working on other mechanisms to address Graves’ disease, such as Immunovant, Inc., and TED, including Amgen, Inc., Viridian Therapeutics, <strong>argenx SE</strong>, Roche Holding AG, Lassen Therapeutics, Inc., Tourmaline Bio, Inc. (acquired by Novartis in October 2025), Sling Therapeutics, Inc., and Acelyrin, Inc. (merged with Alumis, Inc. in May 2025). There are also several curre …
    Septerna, Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q2·Q2 26·10 Aug

Key Stats

Trading

Px/Chg 1D$919.21 / -1.79%
Prev Close$1,033.15
% of 52Wk H93.88%
Avg Volume347.41K
Beta0.46
Mkt Cap57.16B
FD Mkt Cap62.63B

Float

Shrs Out/Float62.19M / 62.38M
Short Float0.02%
Days to Cover3.45
Stock Repurchased$0.00

Current Valuation

EV53.76B
EV/EBITDA72.27
EV/Sales12.05
P/B7.81
P/S12.81
FCF Yield0.71%
ROE17.64%
ROA14.88%
Current Ratio5.23

Estimates

P/E37.01
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgJun '22Jun '23Mar '24Mar '25Oct '26
PRICE-BASED RATIOS
Price / Earnings-9.29-46.81-30.75-76.2942.3365.08
Price / Sales29.9238.3753.1318.3516.1023.66
Price / Book Value6.997.537.765.496.417.78
Price / Free Cash Flow-38.16-26.20-22.58-48.50-233.46139.95
ENTERPRISE VALUE METRICS
Enterprise Value29,322.117,757.821,034.220,479.733,803.353,535.7
Enterprise Value / Sales28.2635.7151.2116.7015.4322.25
Enterprise Value / EBITDA43.08-45.21-33.77-106.51321.4179.50
Enterprise Value / EBIT65.21-44.55-28.93-67.46385.6981.29

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue70%497.3410.71,226.32,190.24,153.5
Gross Income65.2%497.3381.31,108.51,962.93,702.8
EBITDA—-392.8-622.8-192.3105.21,310.8
EBIT—-398.6-727.1-303.687.61,282.7
Net Income—-407.6-709.6-295.1833.01,292.0
EPS (Diluted)—-7.99-13.05-5.1612.7819.63
BALANCE SHEET
Cash & ST Inv17.4%2,336.72,192.53,179.83,378.84,440.0
Total Assets32.1%2,850.33,134.34,542.56,202.58,682.7
Total Liabilities44%316.1320.6445.0704.21,359.6
Total Shareholder Equity30.4%2,534.22,813.74,097.55,498.37,323.1
CASH FLOW
Net Operating Cash Flow—-606.8-862.8-420.3-82.7850.5
Cap Ex-52.5%-121.4-103.8-43.8-68.3-6.2
Free Cash Flow—-728.2-966.6-464.1-151.0844.3

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)873.71
Basic Shares62.19
Market Cap54,333.8
Diluted Shares66.03
Fully Diluted Shares Outstanding66.03
Fully Diluted Market Cap57,690.1
+Consolidated Debt83.5
−In-the-Money Convertible Debt—
+Capital Leases36.3
+Operating Leases—
−Cash & Equivalents-3,491.3
−Short-term Investments-948.8
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value50,926.0

Segment data

Revenue

by Geography

  • United States85%
  • Rest Of The World8%
  • Japan5%
  • China2%

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