Ultragenyx Pharmaceutical Inc. income statement
In fiscal 2025, Ultragenyx Pharmaceutical Inc. reported revenue of $673m, up 20.2% on the year before, operating income of −$535m (a -79.5% margin) and net income of −$575m, or −$5.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 3 | 51 | 104 | 271 | 351 | 363 | 434 | 560 | 673 | 717 |
| Cost of revenue | — | 0 | 1 | — | — | — | — | — | — | — | — |
| Gross profit | — | 3 | 50 | — | — | — | — | — | — | — | — |
| Research and development | 183 | 232 | 294 | 357 | 412 | 497 | 706 | 648 | 698 | 750 | 773 |
| Selling, general and administrative | 65 | 100 | 128 | 162 | 183 | 220 | 278 | 310 | 321 | 349 | 351 |
| Operating income | −248 | −329 | −371 | −424 | −330 | −382 | −649 | −569 | −536 | −535 | −528 |
| Income before tax | −246 | −318 | −197 | −399 | −185 | −453 | −702 | −609 | −567 | −571 | −582 |
| Income tax | 0 | −16 | 1 | 3 | 1 | 1 | 6 | −2 | 2 | 4 | 4 |
| Net income | −246 | −302 | −198 | −403 | −187 | −454 | −707 | −607 | −569 | −575 | −586 |
| Diluted EPS | −$6.21 | −$7.12 | −$3.97 | −$7.12 | −$3.07 | −$6.70 | −$10.12 | −$8.25 | −$6.29 | −$5.83 | −$5.83 |
| Diluted shares (average) | 40m | 42m | 50m | 57m | 61m | 68m | 70m | 74m | 91m | 99m | 101m |
| EBITDA | −245 | −323 | −352 | −416 | −318 | −368 | −631 | −543 | −500 | −500 | −495 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 139 | 165 | 139 | 167 | 160 | 207 | 136 | 214 |
| Research and development | 170 | 188 | 166 | 165 | 216 | 203 | 187 | 167 |
| Selling, general and administrative | 80 | 82 | 87 | 87 | 87 | 88 | 88 | 88 |
| Operating income | −132 | −122 | −143 | −108 | −171 | −113 | −169 | −75 |
| Income before tax | −133 | −133 | −150 | −114 | −180 | −128 | −184 | −91 |
| Income tax | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net income | −134 | −133 | −151 | −115 | −180 | −129 | −185 | −92 |
| Diluted EPS | −$1.40 | −$1.38 | −$1.57 | −$1.17 | −$1.81 | −$1.28 | −$1.84 | −$0.90 |
| EBITDA | −123 | −113 | −134 | −99 | −163 | −104 | −161 | −67 |
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