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Regeneron Pharmaceuticals REGN Collaboration revenue — Revenue

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Other financials

Income statement

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Revenue$4.3B+16.7%
Operating income$1.3B+19.8%
Net income$1.3B-6.8%
EPS (diluted)$12.23-4.5%

Balance sheet

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Cash & equivalents$2.5B+22.3%
Total debt$2.7B+0.1%
Total equity$31.7B+5.9%
Total assets$41.7B+9.2%

Cash flow

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Operating cash flow$813.0M-29.0%
CapEx$240.2M+9.7%
Free cash flow$572.8M-38.1%

Valuation

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Market cap$79.49B+35.1%
Enterprise value$79.73B+33.9%
P/E18.4×+5.2×
P/S5.1×+1.0×

Profitability

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Gross margin94.9%
Operating margin24.7%-2.3pp
Net margin27.9%-3.5pp
FCF margin24.2%-2.9pp

Returns & leverage

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Return on equity14%-1.3pp
Debt / equity0.1×0.0×
Current ratio3.3×-1.3×

Where this comes from

Reported directly by Regeneron Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Regeneron Pharmaceuticals’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 6:52 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000872589-26-000025
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Statements of Operations
Revenues:
Net product sales$1,642.4$1,631.0$3,176.9$3,046.6
Collaboration revenue2,455.01,860.74,354.73,391.9
Other revenue193.3183.9364.5265.8
4,290.73,675.67,896.16,704.3
Expenses:
Research and development1,631.61,421.73,175.12,749.1

Item 1. Financial Statements (unaudited)

FAQ

What is Regeneron Pharmaceuticals's collaboration revenue — revenue?
Regeneron Pharmaceuticals (REGN) reported collaboration revenue — revenue of $2.46B in Q2 2026.
How has Regeneron Pharmaceuticals's collaboration revenue — revenue changed year-over-year?
Regeneron Pharmaceuticals's collaboration revenue — revenue increased by 31.9% year-over-year, from $1.86B to $2.46B.
What is the long-term trend for Regeneron Pharmaceuticals's collaboration revenue — revenue?
Over 3 years (2021 to 2025), Regeneron Pharmaceuticals's collaboration revenue — revenue has grown at a 25.9% compound annual growth rate (CAGR), from $3.67B to $7.33B.
What does collaboration revenue — revenue mean?
Collaboration revenue represents income generated through strategic partnerships and joint development agreements with other pharmaceutical or biotechnology entities. This revenue stream typically includes profit-sharing arrangements, milestone payments, and reimbursement for shared research and development costs associated with co-developed therapeutic assets. It reflects the company's ability to leverage external expertise and capital to accelerate drug discovery and commercialization efforts.

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