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Nasdaq · Healthcare

ALNYLAM PHARMACEUTICALS, INC. (ALNY)

As-reported financials and SEC filings for ALNYLAM PHARMACEUTICALS, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ALNYLAM PHARMACEUTICALS, INC.

Alnylam Pharmaceuticals develops and commercializes RNA interference therapeutics that silence specific genes to treat various diseases. The company offers six approved RNAi-based medicines targeting conditions such as hereditary transthyretin-mediated amyloidosis, acute hepatic porphyria, primary hyperoxaluria type 1, hypercholesterolemia, and hemophilia. Alnylam serves patients globally and collaborates with other pharmaceutical companies to advance its therapies.

Snapshot

Revenue
$3.71B
Revenue growth (YoY)
65.2%
Net income
$313.7M
Diluted EPS
$2.33
Gross margin
81.8%
Operating margin
13.5%
Net margin
8.4%
FCF margin
12.5%
ROE
39.8%
net income / fiscal-year-end equity
P/E
41.4×
trailing when available, otherwise FY EPS
Market cap
$32.21B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Alnylam Pharmaceuticals

  • Revenue grew 65.2% to $3.7B in FY2025, faster than the 23.0% the year before.
  • Operating margin turned positive at 13.5% in FY2025, from a 83.9% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.3B, up 66.9% from Q2 FY2025.
  • Free cash flow was $465M in FY2025, 12.5% of revenue.
  • Net income turned positive at $314M in FY2025, from a $278M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Alnylam Pharmaceuticals’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin81.8%
79th percentile of 69
Operating margin13.5%
74th percentile of 113
Net margin8.4%
66th percentile of 122
FCF margin12.5%
64th percentile of 110
Revenue growth (YoY)+65.2%
77th percentile of 187
ROE39.8%
93rd percentile of 167
P/E41.4×
80th percentile of 60
Short interest2.36d
19th percentile of 197

Alnylam Pharmaceuticals’s return on equity of 39.8% ranks in the 93rd percentile of the 167 pharmaceutical companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+5 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$1.90B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$588.6M2.0MAdded
Two Sigma InvestmentsquantQ2 2026$564.7M1.9MReduced
D. E. ShawquantQ2 2026$332.4M1.1MAdded
AQR Capital ManagementquantQ2 2026$219.0M728.0KReduced
Millennium ManagementquantQ2 2026$95.1M316.0KReduced
Citadel AdvisorsquantQ2 2026$57.5M191.0KAdded
Bridgewater AssociatesQ2 2026$30.0M99.6KReduced
Gotham Asset ManagementQ2 2026$12.7M42.1KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-01
filed 2026-06-03
PYOTT DAVID E IDirectorSell1.2K$299.87$366K
2026-06-01
filed 2026-06-03
PYOTT DAVID E IDirectorSell1.2K$298.91$351K
2026-06-01
filed 2026-06-03
PYOTT DAVID E IDirectorSell921$297.71$274K
2026-06-01
filed 2026-06-03
PYOTT DAVID E IDirectorSell495$300.72$149K
2026-06-01
filed 2026-06-03
PYOTT DAVID E IDirectorSell17$302.65$5K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.8M
settled 2026-08-14
Change vs prior
-0.7%
vs previous settlement
Days to cover
2.36
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.8M-0.7%2.36
2026-07-314.8M-16.8%2.18
2026-07-155.8M-0.5%3.24
2026-06-305.8M+6.7%4.22
2026-06-155.4M+2.6%4.76
2026-05-295.3M-1.8%5.78
2026-05-155.4M+13.1%5.13
2026-04-304.8M-5.2%4.02

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.71B$2.25B$1.83B$1.04B$844.3M
Gross profit$3.04B$1.94B$1.56B$897.2M$729.3M
Operating income$501.6M$-176.9M$-282.2M$-785.1M$-708.7M
Net income$313.7M$-278.2M$-440.2M$-1.13B$-852.8M
Diluted EPS$2.33$-2.18$-3.52$-9.30$-7.20

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$1.66B$966.4M$812.7M$866.4M$820.0M
Current assets$4.05B$3.30B$2.98B$2.69B$2.81B
Total assets$4.97B$4.24B$3.83B$3.55B$3.64B
Current liabilities$1.47B$1.19B$967.8M$767.9M$695.7M
Long-term debt$675.7M
Total liabilities$4.18B$4.17B$4.05B$3.70B$3.06B
Total equity$789.2M$67.1M$-220.6M$-158.2M$588.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$524.1M$-8.3M$104.2M$-541.3M$-641.7M
Capital expenditure$58.7M$34.3M$62.2M$72.1M$76.4M
Free cash flow$465.4M$-42.6M$41.9M$-613.3M$-718.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.29B66.9%$164.5M$1.21
Q1 FY2026$206.0M
Q4 FY2025$1.10B84.9%$111.5M$0.82
Q3 FY2025$1.25B149.3%$251.1M$1.84
Q2 FY2025$773.7M17.3%$-72.2M$-0.55
Q1 FY2025$594.2M20.2%$-18.3M$-0.14
Q4 FY2024$593.2M34.9%$-83.8M$-0.65
Q3 FY2024$500.9M-33.3%$-111.6M$-0.87

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1178670

Selected SEC filings

10-K2026-02-12
View on EDGAR →
10-K2025-02-13
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-31
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-05-27
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.