EURONEXT-BRU$ARGX

Argenx Se · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Argenx reported strong fourth-quarter revenue growth and profitability in Q4 2024.

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.

Headline financials

Total Revenue

$761M

No prior period
EPS (adj)

$0.93

No prior period
Product net sales growth

736968000.0%

No prior period
Diluted EPS

$11.79

No prior period
Net Income

$774M

No prior period
Operating Income

$103M

No prior period
Gross Profit

$689M

No prior period

Revenue & EPS history

Argenx · Revenue · Quarterly

$761M

Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

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.

Tailwinds

  • 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.

Headwinds

  • 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.
  • Uncertainty around market adoption of new drug formulations.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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%
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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