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Ultragenyx Pharmaceutical RARE Product — Sales Reserves

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ALKSProduct Discounts — Accrued Sales Discounts Allowances And Reserves
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ANIPReturned goods reserve
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ALKSOther — Accrued Sales Discounts Allowances And Reserves
$39.62M+97.3%

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%
Operating margin-83.8%-3.0pp
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

Reported directly by Ultragenyx Pharmaceutical in its filing.

Tagged under the XBRL concept rare:SalesReserves.

The official record: Ultragenyx Pharmaceutical’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ultragenyx Pharmaceutical's product — sales reserves?
Ultragenyx Pharmaceutical (RARE) reported product — sales reserves of $57M in Q4 2025.
How has Ultragenyx Pharmaceutical's product — sales reserves changed year-over-year?
Ultragenyx Pharmaceutical's product — sales reserves increased by 72.7% year-over-year, from $33M to $57M.
What does product — sales reserves mean?
This represents the cumulative balance of estimated liabilities set aside to cover potential future deductions from gross revenue, such as rebates, returns, and discounts. It reflects the company's accounting estimate of the difference between gross sales and net realized revenue. A stable or predictable reserve balance is essential for maintaining accurate financial reporting and revenue recognition.