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Other financials

Income statement

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Revenue$136.0M-2.2%
Operating income-$169.0M-18.2%
Net income-$185.0M-22.5%
EPS (diluted)-$1.84-17.2%

Balance sheet

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Cash & equivalents$175.0M+37.8%
Total debt$36.0M-10.8%
Total equity-$236.0M-264%
Total assets$1.3B-1.2%

Cash flow

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Operating cash flow-$197.0M-18.7%
CapEx$1.0M0.0%
Free cash flow-$198.0M-18.6%

Valuation

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Market cap$2.83B-39.4%
P/S4.2×-3.7×

Profitability

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Gross margin97.2%
Net margin-90.9%-2.1pp
FCF margin-75.1%+10.7pp

Returns & leverage

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Return on equity-325.6%+36.9pp
Debt / equity3.7×
Current ratio-0.4×

Where this comes from

Calculated from Ultragenyx Pharmaceutical’s reported figures.

Based on trailing twelve months.

The official record: Ultragenyx Pharmaceutical’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ultragenyx Pharmaceutical's operating margin?
Ultragenyx Pharmaceutical (RARE) reported operating margin of -83.8% in Q1 2026.
How has Ultragenyx Pharmaceutical's operating margin changed year-over-year?
Ultragenyx Pharmaceutical's operating margin increased by 3.7% year-over-year, from -87% to -83.8%.
What is the long-term trend for Ultragenyx Pharmaceutical's operating margin?
Over 5 years (2020 to 2025), Ultragenyx Pharmaceutical's operating margin has grown at a -8.2% compound annual growth rate (CAGR), from -121.8% to -79.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.