NASDAQ$RARE

Ultragenyx Pharmaceutical Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Ultragenyx reported strong revenue growth in Q4 2024, driven by key product sales, but continued to post a net loss.

Ultragenyx delivered $164,877,000 in revenue for Q4 2024, a 29% YoY increase, primarily fueled by Crysvita and Dojolvi sales. Despite higher revenue, the company reported a net loss of $133,385,000, with increased R&D and operating expenses.

  • Total revenue grew 29% YoY to $164,877,000.
  • Crysvita and Dojolvi saw strong revenue growth of 23% and 34% YoY, respectively.
  • Net loss narrowed to $133,385,000, despite increased operating expenses.
  • 2025 guidance projects revenue growth of 14-20% YoY.

Headline financials

Total Revenue

$165M

Previous: $127M+29.4%
EPS (adj)

-$1.39

Previous: -$1.52+8.6%
Total Operating Expenses

$287M

Previous: $249M+15.1%
Research and Development

$188M

No prior period
Selling, General and Administrative

$82M

No prior period
Non-cash Stock Based Compensation

$40M

No prior period
Non-cash interest expense on liabilities for sales of future royalties

$15M

No prior period
Other income, net

$4M

No prior period
GTX-102 Clinical Milestone

$30M

No prior period
Net Income

-$133M

Previous: -$123M-8.3%
Operating Income

-$122M

Previous: -$122M-0.2%

Revenue & EPS history

Ultragenyx · Revenue · Quarterly

$165M

Q4 2024+29.4%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Ultragenyx · $98.1M total across 4 segments · Q3 2023

  • Crysvita Revenue
    $74.9M+16.1%
  • Dojolvi Revenue
    $16.6M+24.7%
  • Mepsevii Revenue
    $5.63M-6.8%
  • Evkeeza Revenue
    $963K

Forward guidance

Ultragenyx expects 2025 revenue growth of 14-20%, with focused investments in commercial launches and late-stage clinical programs.

Tailwinds

  • Total revenue projected to reach $640M-$670M.
  • Crysvita revenue expected to grow to $460M-$480M.
  • Dojolvi revenue guidance set at $90M-$100M.
  • Expense management prioritized to reduce net cash burn.
  • Multiple late-stage clinical trials progressing as planned.

Headwinds

  • Net losses likely to continue despite revenue growth.
  • Higher R&D and SG&A expenses expected to persist.
  • Regulatory uncertainties around gene therapy approvals.
  • Dependence on partner collaborations for key products.
  • Potential market challenges in expanding product adoption.

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

-1.2%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.1%

Avg return

30 days after

42%

20 / 48 earnings

Positive

+14.7%

Q1 2015

Best reaction

-18.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%+5.2%-12.5%
Q4 2025-12.7%-13.0%-9.2%
Q3 2025-1.5%-1.6%+12.1%
Q1 2025-4.8%+2.9%+6.0%
Q4 2024-2.4%+1.8%-9.6%
Q3 2024-1.1%-1.4%-7.3%
Q2 2024+12.1%+10.6%+26.1%
Q1 2024-1.3%-3.1%-7.3%
Q4 2023+7.1%+4.8%+3.7%
Q3 2023+7.7%+5.7%+11.4%
Q2 2023-11.1%-16.9%-10.8%
Q1 2023+9.0%+8.6%+17.4%
Q4 2022+10.2%+2.9%-12.8%
Q3 2022-9.0%-16.4%-4.2%
Q2 2022+4.9%+0.9%-2.6%
Q1 2022-18.9%-24.5%-27.5%
Q4 2021-2.5%-1.6%-12.5%
Q3 2021+0.0%-3.1%-8.0%
Q2 2021+4.9%+10.9%+24.8%
Q1 2021-0.5%+7.5%-11.4%
Q4 2020-10.1%-13.7%-24.1%
Q3 2020+4.1%+10.1%+31.3%
Q2 2020+2.5%+10.4%+12.4%
Q1 2020-2.4%+4.1%+8.1%
Q4 2019-2.8%-2.8%-31.1%
Q3 2019-7.9%-4.6%+5.0%
Q2 2019-7.6%-3.6%-9.6%
Q1 2019-8.0%-5.7%-15.4%
Q4 2018+6.8%+5.6%+21.9%
Q3 2018+0.9%-3.0%-6.4%
Q2 2018-9.5%-2.5%+6.8%
Q1 2018+6.1%+17.7%+42.3%
Q4 2017-1.7%+1.6%+9.0%
Q3 2017+3.2%-5.2%+7.7%
Q2 2017-5.4%-10.6%-27.4%
Q1 2017+2.0%+2.5%-5.1%
Q4 2016+0.2%+0.2%+10.2%
Q2 2016-2.2%+0.2%+2.5%
Q1 2016+0.6%
Q4 2015-0.7%
Q3 2015-6.1%
Q2 2015-3.8%
Q1 2015+14.7%
Q4 2014-7.2%
Q3 2014-4.2%
Q2 2014+1.9%
Q1 2014-8.5%
Q4 2013-8.4%
Q2 2013
Q1 2013
Q4 2012

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro