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Other financials

Income statement

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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

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Operating cash flow-$46.8M+6.5%
CapEx--100%
Free cash flow-$46.8M+6.6%

Valuation

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Market cap$886.39M+244%
Enterprise value$736.61M+381%

Returns & leverage

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Return on equity-87.6%+42.3pp
Debt / equity0.1×0.0×
Current ratio6.4×-1.6×

Where this comes from

Reported directly by Annexon in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Annexon’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-211931
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating expenses:
Research and development$35,786$48,179
General and administrative10,2679,226
Total operating expenses46,05357,405
Loss from operations(46,053)(57,405)
Interest and other income, net1,9113,049
Net loss$(44,142)$(54,356)
Net loss per share, basic and diluted$(0.23)$(0.37)

Cover / Front Matter

FAQ

What is Annexon's R&D?
Annexon (ANNX) reported R&D of $35.79M in Q1 2026.
How has Annexon's R&D changed year-over-year?
Annexon's R&D decreased by 25.7% year-over-year, from $48.18M to $35.79M.
What is the long-term trend for Annexon's R&D?
Over 4 years (2021 to 2025), Annexon's R&D has grown at a 16.6% compound annual growth rate (CAGR), from $100.07M to $184.7M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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