What is Annexon's cash ratio?

Annexon (ANNX) reported cash ratio of 4.9× in Q1 2026.

How has Annexon's cash ratio changed year-over-year?

Annexon's cash ratio increased by 68.4% year-over-year, from 2.9× to 4.9×.

What is the long-term trend for Annexon's cash ratio?

Over 5 years (2020 to 2025), Annexon's cash ratio has grown at a -31.5% compound annual growth rate (CAGR), from 25.3× to 3.8×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Annexon ANNX Cash ratio

Cash ratio at other companies

Regeneron PharmaceuticalsREGN

0.6×-0.3×

Dianthus TherapeuticsDNTH

16.4×+15.8×

OmerosOMER

0×0.0×

Vor BiopharmaVOR

10.6×+7.6×

Cullinan Therapeutics, Inc.CGEM

2.1×-0.7×

Nektar TherapeuticsNKTR

0.1×0.0×

Other financials

Income statement

See full

Operating income-$46.1M+19.8%

Net income-$44.1M+18.8%

EPS (diluted)-$0.23+37.8%

Balance sheet

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Cash & equivalents$175.2M+80.4%

Total debt$25.4M-10.2%

Total equity$204.5M-16.1%

Total assets$262.9M-13.2%

Cash flow

See full

Operating cash flow-$46.8M+6.5%

CapEx--100%

Free cash flow-$46.8M+6.6%

Valuation

See full

Market cap$868.37M+223%

Enterprise value$718.59M+261%

Returns & leverage

See full

Return on equity-87.6%+42.3pp

Debt / equity0.1×0.0×

Current ratio6.4×-1.6×

Where this comes from

Calculated from Annexon’s reported figures.

cash and equivalents/total current liabilities=4.9×

Based on the most recent quarter.

The official record: Annexon’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Annexon's cash ratio?: Annexon (ANNX) reported cash ratio of 4.9× in Q1 2026.
How has Annexon's cash ratio changed year-over-year?: Annexon's cash ratio increased by 68.4% year-over-year, from 2.9× to 4.9×.
What is the long-term trend for Annexon's cash ratio?: Over 5 years (2020 to 2025), Annexon's cash ratio has grown at a -31.5% compound annual growth rate (CAGR), from 25.3× to 3.8×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.