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Regeneron Pharmaceuticals REGN Reimbursement Of Commercialization Related Expenses — Revenue

Other product segments

Reimbursement For Manufacturing Of Commercial Supplies
$165M
(Regeneron's obligation for its share of Sanofi R&D expenses)/reimbursements of R&D expenses, net
-$15.5M

Similar metrics at other companies

Cytokinetics logo
CYTKReimbursements — Revenue
$1.64M-50.0%
Cytokinetics logo
CYTKLicense And Collaboration — Revenue
$54.86M
Exelixis logo
EXELCollaboration — Total revenues
$55.84M+32.4%
Neurocrine Biosciences logo
NBIXCollaboration revenues — Total revenues
$3.5M-60.7%
Exelixis logo
EXELCollaboration services revenues — Revenue from contract with customer, commercial sales milestone
$2.4M
Cytokinetics logo
CYTKCollaboration Revenues — Revenue
$2.64M+67.0%

Other financials

Income statement

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Revenue$3.6B+19.0%
Operating income$642.9M+8.7%
Net income$727.2M-10.1%
EPS (diluted)$6.75-7.2%

Balance sheet

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Cash & equivalents$3.0B-4.0%
Total debt$2.7B+0.1%
Total equity$31.4B+6.9%
Total assets$40.9B+8.9%

Cash flow

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Operating cash flow$1.1B+3.2%
CapEx$230.6M+0.6%
Free cash flow$848.3M+4.0%

Valuation

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Market cap$63.95B+17.8%
Enterprise value$63.68B+18.1%
P/E14.5×+2.4×
P/S4.3×+0.4×

Profitability

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Gross margin93.9%
Operating margin24.3%-2.9pp
Net margin29.6%-2.3pp
FCF margin27.6%+5.5pp

Returns & leverage

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Return on equity14.5%-1.4pp
Debt / equity0.1×0.0×
Current ratio3.6×-1.4×

Where this comes from

Reported directly by Regeneron Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Regeneron Pharmaceuticals’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Regeneron Pharmaceuticals's reimbursement of commercialization related expenses — revenue?
Regeneron Pharmaceuticals (REGN) reported reimbursement of commercialization related expenses — revenue of $184.1M in Q1 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 increased by 15.6% year-over-year, from $159.2M to $184.1M.
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?
Revenue earned by recovering commercialization costs from collaboration partners.
How do you interpret reimbursement of commercialization related expenses — revenue?
An increase suggests higher shared commercial activity or a shift in the cost-sharing structure of a partnership, while a decrease may indicate reduced collaborative marketing efforts or changes in contractual reimbursement terms.
How does reimbursement of commercialization related expenses — revenue compare across companies?
Similar to 'collaboration revenue' or 'cost-sharing revenue' found in other biopharmaceutical companies with significant R&D and commercial partnerships, such as those with co-promotion agreements.