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Other financials

Income statement

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Revenue$214.0M+28.1%
Operating income-$75.0M+30.6%
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:ResearchAndDevelopmentExpense.

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
Total revenues214167350306
Operating expenses:
Cost of sales34236452
Research and development167165354331
Selling, general and administrative8887176174
Total operating expenses289275594557
Loss from operations(75)(108)(244)(251)
Interest income561113

Item 1. Financial Statements

FAQ

What is Ultragenyx Pharmaceutical's R&D?
Ultragenyx Pharmaceutical (RARE) reported R&D of $167M in Q2 2026.
How has Ultragenyx Pharmaceutical's R&D changed year-over-year?
Ultragenyx Pharmaceutical's R&D increased by 1.2% year-over-year, from $165M to $167M.
What is the long-term trend for Ultragenyx Pharmaceutical's R&D?
Over 4 years (2021 to 2025), Ultragenyx Pharmaceutical's R&D has grown at a 10.8% compound annual growth rate (CAGR), from $497.15M to $750.49M.
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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