EURONEXT-BRU$ARGX
Argenx Se · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
argenx Q2 VYVGART sales hit $949M as company turns profitable with EPS of $4.02
argenx SE reported second-quarter 2025 global product net sales of $949 million, up 97% operationally year over year and 19% sequentially, driven by VYVGART growth across myasthenia gravis and CIDP indications. Total operating income was $967 million and operating profit was $201 million versus an operating loss of $45 million in Q2 2024. Net income was $245 million with basic EPS of $4.02 (diluted $3.74). For the first half, product net sales reached $1.74 billion and net income was $415 million. The VYVGART SC prefilled syringe is approved in the U.S. and EU, with more than 2,500 CIDP patients on treatment globally. R&D spending remained elevated at $328 million in Q2 as the company advances registrational and proof-of-concept programs across efgartigimod, empasiprubart, and ARGX-119 toward Vision 2030 targets.
- Q2 product net sales $949M (+97% operational YoY; +19% vs Q1)
- Q2 operating profit $201M vs $(45)M loss; net income $245M
- Basic EPS $4.02 (diluted $3.74) in Q2; H1 product sales $1.74B
- VYVGART SC prefilled syringe launched; 2,500+ CIDP patients on treatment globally
- ARGX-119 advancing to registrational CMS study; multiple H2 2025 pipeline readouts expected
Headline financials
Revenue & EPS history
Argenx · Revenue · Quarterly
$949M
Forward guidance
argenx targets Vision 2030 with 50,000 patients treated globally, 10 labeled indications, and five Phase 3 pipeline candidates by 2030, with six registrational and six proof-of-concept readouts expected by end of 2026.
Tailwinds
- VYVGART remains fastest-growing biologic in MG with early-stage CIDP launch momentum
- Multiple near-term readouts including seronegative gMG, DGF, and ARGX-109 Phase 1
Headwinds
- SG&A expenses rose to $325M in Q2 on global commercial expansion
- Heavy R&D investment continues with $637M spent in H1
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.3%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+3.8%
Avg return
30 days after
56%
18 / 32 earnings
Positive
+11.2%
Q4 2017
Best reaction
-9.1%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +1.7% | -8.1% | -19.0% | |
| Q1 2025 | -9.1% | -12.9% | -5.9% | |
| Q4 2024 | +0.3% | -0.3% | -5.4% | |
| Q3 2024 | +8.0% | +9.2% | +11.8% | |
| Q2 2024 | +6.5% | +9.7% | +11.3% | |
| Q1 2024 | -3.0% | -7.8% | -2.7% | |
| Q3 2023 | +6.6% | +7.7% | -2.9% | |
| Q2 2023 | -1.1% | -3.3% | -2.7% | |
| Q1 2023 | +3.0% | +2.4% | +0.9% | |
| Q4 2022 | -5.9% | -8.1% | +1.0% | |
| Q3 2022 | +1.4% | -1.1% | -2.6% | |
| Q2 2022 | +1.8% | -0.0% | +7.3% | |
| Q1 2022 | +8.0% | +2.2% | +8.0% | |
| Q4 2021 | -8.7% | -9.5% | +11.7% | |
| Q3 2021 | +8.0% | +14.8% | -1.2% | |
| Q2 2021 | -1.0% | +1.3% | +9.5% | |
| Q1 2021 | +6.3% | +0.8% | +20.4% | |
| Q4 2020 | -8.4% | -0.3% | -10.7% | |
| Q3 2020 | -2.5% | +0.8% | +4.9% | |
| Q2 2020 | -7.8% | -7.2% | -8.2% | |
| Q1 2020 | +5.7% | +10.0% | +45.0% | |
| Q4 2019 | -6.1% | -2.1% | -13.2% | |
| Q3 2019 | +0.4% | +4.9% | +24.8% | |
| Q2 2019 | +1.5% | -4.4% | -6.4% | |
| Q1 2019 | -3.2% | -6.2% | -3.0% | |
| Q4 2018 | +0.4% | -2.3% | -6.9% | |
| Q3 2018 | -5.0% | -3.9% | +17.2% | |
| Q2 2018 | -1.2% | -0.9% | +1.8% | |
| Q1 2018 | +2.6% | +3.5% | +13.2% | |
| Q4 2017 | +11.2% | +7.7% | +5.0% | |
| Q3 2017 | +1.1% | +0.7% | +13.4% | |
| Q2 2017 | -0.6% | -0.6% | +4.2% | |
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