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Dec 31, 2024
Argenx Q4 2024 Earnings Report
Argenx reported strong fourth-quarter revenue growth and profitability in Q4 2024.
Key Takeaways
Argenx achieved Q4 2024 revenue of $761.2 million, driven by strong VYVGART product sales. Net income reached $774.2 million, reflecting a significant improvement from the prior year’s loss. Diluted EPS was $11.79, while adjusted EPS was $0.93. The company benefited from a one-time tax gain of $725 million, contributing to profitability.
Revenue grew to $761.2 million in Q4 2024, up from $417.8 million in Q4 2023.
Net income was $774.2 million, reversing a loss of $99.2 million in Q4 2023.
Diluted EPS increased to $11.79 from a loss per share of $1.68 last year.
A one-time tax benefit of $725 million contributed significantly to profitability.
Forward Guidance
Argenx expects continued growth in 2025, driven by expanding VYVGART adoption, new regulatory approvals, and further clinical development. The company anticipates higher expenses due to ongoing R&D and commercialization efforts.
Positive Outlook
- Expansion of VYVGART into new markets, including Europe and Asia.
- Continued strong sales growth in CIDP and gMG indications.
- Regulatory approvals anticipated for new formulations and indications.
- Advancement of 10 Phase 3 and 10 Phase 2 studies in 2025.
- Strong financial position with increasing product sales and cash flow.
Challenges Ahead
- High R&D and commercialization expenses expected to continue.
- Regulatory risks associated with approvals for new indications.
- Potential pricing pressures in key markets.
- Dependence on VYVGART as the primary revenue driver.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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