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Other financials

Income statement

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Revenue$214.0M+28.1%
Net income-$92.0M+20.0%
EPS (diluted)-$0.90+23.1%

Balance sheet

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Cash & equivalents$125.0M-29.0%
Total debt$36.0M-10.8%
Total equity-$291.0M-293%
Total assets$1.3B-3.2%

Cash flow

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Operating cash flow-$97.0M+11.0%
CapEx$1.0M-66.7%
Free cash flow-$98.0M+12.5%

Valuation

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Market cap$2.55B-5.8%
P/S3.6×-0.9×

Profitability

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Gross margin97.2%
Operating margin-73.6%-7.3pp
Net margin-81.7%-4.9pp
FCF margin-68.2%-1.7pp

Returns & leverage

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Return on equity-325.6%+36.9pp
Debt / equity3.7×
Current ratio1.7×-0.7×

Where this comes from

Reported directly by Ultragenyx Pharmaceutical in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Ultragenyx Pharmaceutical’s 10-Q, filed August 5, 2026.

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-333233
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Research and development167165354331
Selling, general and administrative8887176174
Total operating expenses289275594557
Loss from operations(75)(108)(244)(251)
Interest income561113
Non-cash interest expense on liabilities for sales of future royalties(22)(14)(43)(28)
Other income1212
Loss before income taxes(91)(114)(275)(264)

Item 1. Financial Statements

FAQ

What is Ultragenyx Pharmaceutical's operating income?
Ultragenyx Pharmaceutical (RARE) reported operating income of -$75M in Q2 2026.
How has Ultragenyx Pharmaceutical's operating income changed year-over-year?
Ultragenyx Pharmaceutical's operating income increased by 30.6% year-over-year, from -$108M to -$75M.
What is the long-term trend for Ultragenyx Pharmaceutical's operating income?
Over 4 years (2021 to 2025), Ultragenyx Pharmaceutical's operating income has grown at a 8.8% compound annual growth rate (CAGR), from -$381.74M to -$535.17M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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