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ARGX US​
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ARGX US​
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Argenx Se American Depositary Receipt(ARGX US)

$960.04-21.292.17%Ext:$984.06+24.022.50%(After Hours · 00:29:51 UTC)
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Argenx Se American Depositary Receipt(ARGX US)

$960.04-21.292.17%Ext:$984.06+24.022.50%(After Hours · 00:29:51 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

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FinancialsChartingShort InterestEmployees

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

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

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(289)

Expand
  • 6-KCurrent report (foreign private issuer)9 Nov
  • 6-KCurrent report (foreign private issuer)9 Nov
  • SC 13G/AARGENX SE5 Nov
  • 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

News

  • NVIDIA (NASDAQ:NVDA) Stock Sale Disclosed by Rep. Gilbert Ray Cisneros, Jr.05:45AM
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX12 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX10 Nov
  • 3 Reasons Argenx Could Be a Top Biotech Stock for the Next Decade9 Nov
  • Unnatural Products to be Acquired by argenx for up to $1.15 Billion to Advance Next-Generation Medicines9 Nov
  • argenx to Acquire Unnatural Products, Inc., Adding Peptide Discovery Engine to Broaden Immunology Capabilities9 Nov
  • argenx Presents Phase 3 ALKIVIA Data at ACR Convergence 2026 Showing Rapid and Sustained Improvement with Efgartigimod in Autoimmune Myositis7 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX5 Nov
  • Best Biotech Stocks to Buy Now as AI Stocks Tank: ARGX4 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX3 Nov
  • argenx to Present at Upcoming Investor Conferences3 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX29 Oct
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX27 Oct
  • 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

Mentions in Filings

  • competitors include <strong>argenx SE</strong>, AstraZeneca plc, Pfizer, Inc., and Priovant Therapeutics, Inc. We also face competition from academic institutions, governmental agencies, and public and private research institutions, among others. Many of the companies with which we are currently competing or will compete against in the future have significantly greater financial resources and expertise in research and development, manufacturing, preclinical testi …
    Jade Biosciences, Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q3·Q3 26·07:29AM
  • … dition, several companies are working on other mechanisms to address Graves’ disease, such as Immunovant, Inc., and TED, including Amgen, Inc. (teprotumumab-trbw TEPEZZA), Viridian Therapeutics (veligrotug-vvze LUMVOA), <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 Q3·Q3 26·9 Nov
  • … SCD and transfusion-dependent beta-thalassemia; DISC Medicine, Inc., or DISC, is conducting a clinical trial for a potential treatment for SCD and PV; BMS is conducting clinical trials for a potential treatment for SCD; <strong>Argenx SE</strong> is marketing a therapy and conducting clinical trials for a therapy in ITP; Rigel Pharmaceuticals, Inc. is marketing a therapy to treat ITP; Takeda is conducting clinical trials for a potential treatment for ITP; Otsuka …
    AGIOS PHARMACEUTICALS, INC.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • For our anti-CD122 antagonist antibody program, our clinical competitors include an anti-CD122 antagonist antibody, FB-102 (<strong>argenx SE</strong>, which acquired Forte Biosciences, Inc. in August 2026) in Phase 2a development for the treatment of celiac disease, Phase 1b development for the treatment of vitiligo, and Phase 1b development for the treatment of alopecia areata, and two anti-IL-15 monoclonal antibodies, GIA632 (Novartis) in Phase 2a development …
    First Tracks Biotherapeutics, Inc.Argenx Se American Depositary Receipt·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·4 Nov
  • For our anti-CD122 antagonist antibody program, our clinical competitors include an anti-CD122 antagonist antibody, FB-102 (<strong>argenx SE</strong>, which acquired Forte Biosciences, Inc. in August 2026) in Phase 2a development for the treatment of celiac disease, Phase 1b development for the treatment of vitiligo, and Phase 1b development for the treatment of alopecia areata, and two anti-IL-15 monoclonal antibodies, GIA632 (Novartis) in Phase 2a development …
    First Tracks Biotherapeutics, Inc.Argenx Se American Depositary Receipt·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·4 Nov
  • For our anti-CD122 antagonist antibody program, our clinical competitors include an anti-CD122 antagonist antibody, FB-102 (<strong>argenx SE</strong>, which acquired Forte Biosciences, Inc. in August 2026) in Phase 2a development for the treatment of celiac disease, Phase 1b development for the treatment of vitiligo, and Phase 1b development for the treatment of alopecia areata, and two anti-IL-15 monoclonal antibodies, GIA632 (Novartis) in Phase 2a development …
    First Tracks Biotherapeutics, Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q3·Q3 26·3 Nov

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/E0.00
Est EPS6.27
Est PEG0.00

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 USD13 Nov '26
Price (As of 13 Nov '26)964.07
Basic Shares62.19
Market Cap59,953.1
Diluted Shares64.89
Fully Diluted Shares Outstanding64.89
Fully Diluted Market Cap62,554.7
+Consolidated Debt47.0
−In-the-Money Convertible Debt—
+Capital Leases36.0
+Operating Leases—
−Cash & Equivalents-3,584.0
−Short-term Investments-1,600.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value56,416.1

Segment data

Revenue

by Geography

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

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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

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(289)

Expand
  • 6-KCurrent report (foreign private issuer)9 Nov
  • 6-KCurrent report (foreign private issuer)9 Nov
  • SC 13G/AARGENX SE5 Nov
  • 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

News

  • NVIDIA (NASDAQ:NVDA) Stock Sale Disclosed by Rep. Gilbert Ray Cisneros, Jr.05:45AM
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX12 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX10 Nov
  • 3 Reasons Argenx Could Be a Top Biotech Stock for the Next Decade9 Nov
  • Unnatural Products to be Acquired by argenx for up to $1.15 Billion to Advance Next-Generation Medicines9 Nov
  • argenx to Acquire Unnatural Products, Inc., Adding Peptide Discovery Engine to Broaden Immunology Capabilities9 Nov
  • argenx Presents Phase 3 ALKIVIA Data at ACR Convergence 2026 Showing Rapid and Sustained Improvement with Efgartigimod in Autoimmune Myositis7 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX5 Nov
  • Best Biotech Stocks to Buy Now as AI Stocks Tank: ARGX4 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX3 Nov
  • argenx to Present at Upcoming Investor Conferences3 Nov
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX29 Oct
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of argenx SE - ARGX27 Oct
  • 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

Mentions in Filings

  • competitors include <strong>argenx SE</strong>, AstraZeneca plc, Pfizer, Inc., and Priovant Therapeutics, Inc. We also face competition from academic institutions, governmental agencies, and public and private research institutions, among others. Many of the companies with which we are currently competing or will compete against in the future have significantly greater financial resources and expertise in research and development, manufacturing, preclinical testi …
    Jade Biosciences, Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q3·Q3 26·07:29AM
  • … dition, several companies are working on other mechanisms to address Graves’ disease, such as Immunovant, Inc., and TED, including Amgen, Inc. (teprotumumab-trbw TEPEZZA), Viridian Therapeutics (veligrotug-vvze LUMVOA), <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 Q3·Q3 26·9 Nov
  • … SCD and transfusion-dependent beta-thalassemia; DISC Medicine, Inc., or DISC, is conducting a clinical trial for a potential treatment for SCD and PV; BMS is conducting clinical trials for a potential treatment for SCD; <strong>Argenx SE</strong> is marketing a therapy and conducting clinical trials for a therapy in ITP; Rigel Pharmaceuticals, Inc. is marketing a therapy to treat ITP; Takeda is conducting clinical trials for a potential treatment for ITP; Otsuka …
    AGIOS PHARMACEUTICALS, INC.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • For our anti-CD122 antagonist antibody program, our clinical competitors include an anti-CD122 antagonist antibody, FB-102 (<strong>argenx SE</strong>, which acquired Forte Biosciences, Inc. in August 2026) in Phase 2a development for the treatment of celiac disease, Phase 1b development for the treatment of vitiligo, and Phase 1b development for the treatment of alopecia areata, and two anti-IL-15 monoclonal antibodies, GIA632 (Novartis) in Phase 2a development …
    First Tracks Biotherapeutics, Inc.Argenx Se American Depositary Receipt·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·4 Nov
  • For our anti-CD122 antagonist antibody program, our clinical competitors include an anti-CD122 antagonist antibody, FB-102 (<strong>argenx SE</strong>, which acquired Forte Biosciences, Inc. in August 2026) in Phase 2a development for the treatment of celiac disease, Phase 1b development for the treatment of vitiligo, and Phase 1b development for the treatment of alopecia areata, and two anti-IL-15 monoclonal antibodies, GIA632 (Novartis) in Phase 2a development …
    First Tracks Biotherapeutics, Inc.Argenx Se American Depositary Receipt·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·4 Nov
  • For our anti-CD122 antagonist antibody program, our clinical competitors include an anti-CD122 antagonist antibody, FB-102 (<strong>argenx SE</strong>, which acquired Forte Biosciences, Inc. in August 2026) in Phase 2a development for the treatment of celiac disease, Phase 1b development for the treatment of vitiligo, and Phase 1b development for the treatment of alopecia areata, and two anti-IL-15 monoclonal antibodies, GIA632 (Novartis) in Phase 2a development …
    First Tracks Biotherapeutics, Inc.Argenx Se American Depositary Receipt·10-Q - Quarterly report Q3·Q3 26·3 Nov

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/E0.00
Est EPS6.27
Est PEG0.00

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 USD13 Nov '26
Price (As of 13 Nov '26)964.07
Basic Shares62.19
Market Cap59,953.1
Diluted Shares64.89
Fully Diluted Shares Outstanding64.89
Fully Diluted Market Cap62,554.7
+Consolidated Debt47.0
−In-the-Money Convertible Debt—
+Capital Leases36.0
+Operating Leases—
−Cash & Equivalents-3,584.0
−Short-term Investments-1,600.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value56,416.1

Segment data

Revenue

by Geography

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

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