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Nasdaq · Healthcare

REGENERON PHARMACEUTICALS, INC. (REGN)

As-reported financials and SEC filings for REGENERON 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 REGENERON PHARMACEUTICALS, INC.

Regeneron Pharmaceuticals, Inc. is a biotechnology company that invents, develops, manufactures, and commercializes medicines for serious diseases. Its products and candidates target conditions such as eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases, and rare diseases. Regeneron serves patients and medical professionals worldwide through its proprietary technologies and collaborations.

Snapshot

Revenue
$14.34B
Revenue growth (YoY)
1.0%
Net income
$4.50B
Diluted EPS
$41.48
Gross margin
Operating margin
24.9%
Net margin
31.4%
FCF margin
28.4%
ROE
14.4%
net income / fiscal-year-end equity
P/E
20.0×
trailing when available, otherwise FY EPS
Market cap
$83.15B
Long-term debt / equity
0.06×
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 Regeneron Pharmaceuticals

  • Revenue grew 1.0% to $14.3B in FY2025, slower than the 8.3% the year before.
  • Operating margin is 24.9% in FY2025, -30.7 pp against 55.7% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $4.3B, up 16.7% from Q2 FY2025.
  • Free cash flow was $4.1B in FY2025, 28.4% of revenue.
  • Net income rose 2.1% to $4.5B in FY2025.

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 Regeneron 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).

Operating margin24.9%
88th percentile of 113
Net margin31.4%
85th percentile of 122
FCF margin28.4%
87th percentile of 110
Revenue growth (YoY)+1.0%
35th percentile of 187
ROE14.4%
80th percentile of 167
P/E20.0×
61st percentile of 60
Long-term debt / equity0.06×
17th percentile of 64
Short interest3.15d
27th percentile of 197

Regeneron Pharmaceuticals’s operating margin of 24.9% ranks in the 88th percentile of the 113 pharmaceutical companies reporting it. Regeneron Pharmaceuticals’s FCF margin of 28.4% ranks in the 87th percentile of the 110 pharmaceutical companies reporting it. Regeneron Pharmaceuticals’s net margin of 31.4% ranks in the 85th percentile of the 122 pharmaceutical companies reporting it.

No reported insider purchases (code P) in the last 90 days; 6 insider sales totaling $3.4M. 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 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
8
0 new, 8 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$4.60B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$3.04B4.9MAdded
AQR Capital ManagementquantQ2 2026$702.2M1.1MReduced
Two Sigma InvestmentsquantQ2 2026$409.1M656.1KReduced
Millennium ManagementquantQ2 2026$103.0M165.1KAdded
Southeastern Asset ManagementQ2 2026$95.0M152.3KAdded
Renaissance TechnologiesquantQ2 2026$92.4M148.2KAdded
Gotham Asset ManagementQ2 2026$65.6M105.2KAdded
Citadel AdvisorsquantQ2 2026$35.9M57.6KAdded
Bridgewater AssociatesQ2 2026$32.0M51.3KAdded
D. E. ShawquantQ2 2026$24.0M38.5KAdded

No longer held by: Point72 Asset Management (as of Q2 2026), Scion Asset Management (as of Q3 2025)

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)
6
$3.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-03
McCourt MarionEVP CommercialSell1.1K$857.39$970K
2026-09-02
filed 2026-09-03
McCourt MarionEVP CommercialSell1.2K$850.00$1.0M
2026-09-02
filed 2026-09-03
Guarini KathrynDirectorSell400$850.00$340K
2026-08-10
filed 2026-08-12
Zoghbi Huda YDirectorSell800$800.00$640K
2026-08-10
filed 2026-08-12
Guarini KathrynDirectorSell400$800.00$320K
2026-07-02
filed 2026-07-07
RYAN ARTHUR FDirectorSell200$650.15$130K
2026-05-01
filed 2026-05-04
RYAN ARTHUR FDirectorSell24$703.46$17K
2026-05-01
filed 2026-05-04
RYAN ARTHUR FDirectorSell15$704.28$11K
2026-05-01
filed 2026-05-04
RYAN ARTHUR FDirectorSell15$702.46$11K
2026-05-01
filed 2026-05-04
RYAN ARTHUR FDirectorSell14$705.56$10K
2026-05-01
filed 2026-05-04
RYAN ARTHUR FDirectorSell7$706.74$5K
2026-05-01
filed 2026-05-04
RYAN ARTHUR FDirectorSell6$709.45$4K

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
2.4M
settled 2026-08-14
Change vs prior
-29.2%
vs previous settlement
Days to cover
3.15
at avg daily volume
Avg daily volume
760.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.4M-29.2%3.15
2026-07-313.4M-3.3%3.94
2026-07-153.5M+0.2%4.72
2026-06-303.5M+5.8%2.91
2026-06-153.3M+10.1%3.41
2026-05-293.0M+8.0%1.96
2026-05-152.8M-15.0%3.64
2026-04-303.3M+15.1%4.06

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$14.34B$14.20B$13.12B$12.17B$16.07B
Gross profit
Operating income$3.58B$3.99B$4.05B$4.74B$8.95B
Net income$4.50B$4.41B$3.95B$4.34B$8.08B
Diluted EPS$41.48$38.34$34.77$38.22$71.97

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)

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$4.98B$4.42B$4.59B$5.01B$7.08B
Capital expenditure$898.4M$755.9M$718.6M$590.1M$551.9M
Free cash flow$4.08B$3.66B$3.88B$4.42B$6.53B

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$4.29B16.7%$1.30B$12.23
Q1 FY2026$3.61B19.0%$727.2M$6.75
Q4 FY2025$3.88B2.5%$844.6M$7.84
Q3 FY2025$3.75B0.9%$1.46B$13.62
Q2 FY2025$3.68B3.6%$1.39B$12.81
Q1 FY2025$3.03B-3.7%$808.7M$7.27
Q4 FY2024$3.79B10.3%$917.7M$8.08
Q3 FY2024$3.72B10.6%$1.34B$11.54

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 filing2017
SEC CIK872589

Selected SEC filings

10-K2026-02-04
View on EDGAR →
10-K2025-02-05
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-07-06
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.