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Regeneron Pharmaceuticals REGN Reimbursement of commercialization-related expenses — Revenue

Other product segments

Reimbursement For Manufacturing Of Commercial Supplies
$141.7M
(Regeneron's obligation for its share of Sanofi R&D expenses)/reimbursements of R&D expenses, net
-$19.4M

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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$83.19B+43.8%
Enterprise value$83.43B+42.5%
P/E19.2×+6.2×
P/S5.4×+1.3×

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
(In millions)Statement of Operations ClassificationThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Regeneron's share of profitsCollaboration revenue$2,032.6$1,282.1$3,483.4$2,300.2
Reimbursement for manufacturing of commercial suppliesCollaboration revenue$141.7$161.5$296.0$326.6
Regeneron's obligation for its share of Sanofi R&D expenses, net of reimbursement of R&D expenses(R&D expense)$(19.4)$(18.0)$(36.1)$(33.5)
Reimbursement of commercialization-related expensesReduction of SG&A expense$188.8$194.0$372.9$353.2

Item 1. Financial Statements (unaudited)

FAQ

What is Regeneron Pharmaceuticals's reimbursement of commercialization-related expenses — revenue?
Regeneron Pharmaceuticals (REGN) reported reimbursement of commercialization-related expenses — revenue of $188.8M in Q2 2026.
How has Regeneron Pharmaceuticals's reimbursement of commercialization-related expenses — revenue changed year-over-year?
Regeneron Pharmaceuticals's reimbursement of commercialization-related expenses — revenue decreased by 2.7% year-over-year, from $194M to $188.8M.
What is the long-term trend for Regeneron Pharmaceuticals's reimbursement of commercialization-related expenses — revenue?
Over 4 years (2021 to 2025), Regeneron Pharmaceuticals's reimbursement of commercialization-related expenses — revenue has grown at a 22.7% compound annual growth rate (CAGR), from $321.3M to $729.3M.
What does reimbursement of commercialization-related expenses — revenue mean?
This metric represents revenue recognized from the reimbursement of costs incurred by the company for commercializing products developed in collaboration with partners. It reflects the contractual recovery of shared marketing, sales, and distribution expenses from a collaboration partner. This line item is critical for understanding the net economic impact of shared-risk development and commercialization agreements.

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