argenx SE (ARGX) balance sheet
NASDAQ · Healthcare · Biotechnology · 1,863 employees · CEO Karen Massey
- Price
- $892.87 -0.55%
- Market cap
- $56.1B
- Enterprise value
- $53.2B
- Last report
- Q4 '26 filed 2026-09-30
- Next report
- 2027-02-25 EPS est. $7.70
At the end of Q2 '26 argenx SE (ARGX) held $5.18B in cash and short-term investments against $47M of debt incl. leases. Total assets $10B, total liabilities $1.62B, shareholders' equity $8.42B.
Balance sheet
| Balance sheet | Trend | Q4 '20 | Q2 '21 | Q4 '21 | Q2 '22 | Q4 '22 | Q2 '23 | Q4 '23 | Q2 '24 | Q4 '24 | Q2 '25 | Q4 '25 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.22B | $1.58B | $1.33B | $1.37B | $801M | $1.11B | $2.05B | $1.44B | $1.5B | $2.09B | $3.49B | $3.58B | |
| Short-term investments | $780M | $1.15B | $1B | $1.23B | $1.39B | $886M | $1.13B | $1.66B | $1.88B | $1.84B | $949M | $1.6B | |
| Receivables | $7.44M | $12.1M | $38.2M | $114M | $277M | $355M | $499M | $656M | $909M | $1.2B | $1.66B | $1.94B | |
| Inventory | $25.2M | $59.2M | $109M | $136M | $228M | $201M | $311M | $326M | $407M | $341M | $474M | $371M | |
| Other current assets | $5.86M | $1K | $0 | $1.47M | -$1K | $0 | $0 | $0 | $0 | $1K | $0 | $0 | |
| Current assets | $2.06B | $2.86B | $2.54B | $2.93B | $2.77B | $2.69B | $4.12B | $4.26B | $4.88B | $5.83B | $6.9B | $8.07B | |
| Property, plant & equipment (net) | $11.6M | $11.4M | $15.8M | $14.2M | $16.2M | $13.4M | $22.7M | $36.9M | $43.5M | $45.8M | $48.2M | $52M | |
| Long-term investments | $6.31M | $118M | $53.2M | $41.4M | $40.5M | $49.9M | $47.2M | $38.6M | $49.7M | $10.7M | $89.6M | $69M | |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.43M | $0 | $0 | $0 | $0 | |
| Intangible assets | $167M | $175M | $172M | $171M | $175M | $190M | $125M | $132M | $181M | $219M | $272M | $266M | |
| Deferred tax assets | $15M | $16.3M | $32.2M | $54.3M | $79.2M | $139M | $97.2M | $175M | $924M | $900M | $1.3B | $1.43B | |
| Other non-current assets | $22.1M | $27.5M | $34.4M | $38.7M | $49.2M | $109M | $126M | $141M | $120M | $171M | $77.8M | $148M | |
| Non-current assets | $222M | $348M | $307M | $320M | $360M | $502M | $419M | $533M | $1.32B | $1.35B | $1.78B | $1.96B | |
| Total assets | $2.28B | $3.21B | $2.85B | $3.25B | $3.13B | $3.19B | $4.54B | $4.8B | $6.2B | $7.18B | $8.68B | $10B | |
| Liabilities | |||||||||||||
| Accounts payable | $275M | $239M | $293M | $167M | $189M | $195M | $246M | $281M | $342M | $532M | $1.27B | $718M | |
| Accrued expenses | $0 | $0 | $0 | $75.3M | $84.3M | $70.2M | $95.1M | $107M | $151M | $128M | $0 | $197M | |
| Short-term debt | $3.48M | $3.45M | $3.51M | $3.49M | $3.42M | $3.2M | $4.65M | $5.85M | $6.53M | $7.58M | $10.8M | $11M | |
| Taxes payable | $3.5M | $1.15M | $4.32M | $3.42M | $3.18M | $4.61M | $4.33M | $13.9M | $13.4M | $18.2M | $0 | $49M | |
| Deferred revenue | $46.3M | $0 | $0 | $8.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $0 | $0 | $0 | $6.49M | $22.6M | $44.5M | $73.4M | $92.5M | $157M | $356M | $0 | $600M | |
| Current liabilities | $328M | $244M | $301M | $265M | $302M | $318M | $423M | $500M | $670M | $1.04B | $1.32B | $1.58B | |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.3M | $0 | |
| Lease obligations (non-current) | $6.18M | $4.43M | $7.96M | $6.21M | $9.01M | $8.04M | $15.4M | $28.1M | $32.5M | $35.6M | $36.3M | $36M | |
| Deferred revenue (non-current) | $269M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $1.49M | $12.4M | $6.44M | $7.66M | $8.41M | $8.89M | $5.16M | $4.99M | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $156K | $227K | $417K | $546K | $870K | $1.01M | $1.45M | $1.58M | $1.8M | $2.37M | -$33.2M | $4M | |
| Non-current liabilities | $277M | $17M | $14.8M | $14.4M | $18.3M | $17.9M | $22M | $34.7M | $34.3M | $37.9M | $39.4M | $40M | |
| Total liabilities | $605M | $261M | $316M | $279M | $321M | $336M | $445M | $534M | $704M | $1.08B | $1.36B | $1.62B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $5.74M | $6.2M | $6.23M | $6.6M | $6.64M | $6.7M | $7.06M | $7.12M | $6.98M | $7.26M | $7.35M | $7M | |
| Retained earnings | -$992M | -$929M | -$1.4B | -$1.84B | -$2.11B | -$2.23B | -$2.4B | -$2.44B | -$1.57B | -$1.16B | -$280M | $558M | |
| Accumulated other comprehensive income | $321M | $432M | $465M | $527M | $71.7M | $710M | $72.1M | $945M | $66.7M | $78.2M | $73.6M | $1.54B | |
| Shareholders' equity | $1.67B | $2.95B | $2.53B | $2.97B | $2.81B | $2.86B | $4.1B | $4.26B | $5.5B | $6.1B | $7.32B | $8.42B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $9.66M | $7.88M | $11.5M | $9.7M | $12.4M | $11.2M | $20M | $34M | $39.1M | $43.2M | $83.5M | $47M | |
| Net debt (debt - cash) | -$1.21B | -$1.57B | -$1.32B | -$1.36B | -$788M | -$1.1B | -$2.03B | -$1.4B | -$1.46B | -$2.04B | -$3.41B | -$3.54B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $94.5M | $229M | $321M | $372M | $1.22B | $1.33B | $801M | $2.05B | $1.5B | $3.49B | |
| Short-term investments | $7.18M | $203M | $284M | $1.13B | $780M | $1B | $1.39B | $1.13B | $1.88B | $949M | |
| Receivables | $1.12M | $3.08M | $214K | $22.6M | $7.44M | $38.2M | $277M | $499M | $909M | $1.66B | |
| Inventory | $0 | $0 | $0 | $0 | $25.2M | $109M | $228M | $311M | $407M | $474M | |
| Other current assets | $2.05M | $2.55M | $4.7M | $7.9M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Current assets | $107M | $440M | $655M | $1.54B | $2.06B | $2.54B | $2.77B | $4.12B | $4.88B | $6.9B | |
| Property, plant & equipment (net) | $806K | $811K | $943K | $9.18M | $11.6M | $15.8M | $16.2M | $22.7M | $43.5M | $48.2M | |
| Long-term investments | $1.05K | $1.2K | $1.14K | $2.92M | $6.31M | $53.2M | $40.5M | $47.2M | $49.7M | $89.6M | |
| Intangible assets | $17.9K | $15.6K | $64.1K | $45.1M | $167M | $172M | $175M | $125M | $181M | $272M | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $15M | $32.2M | $79.2M | $97.2M | $924M | $1.3B | |
| Other non-current assets | $3.36M | $4.1M | $5.87M | $10.3M | $22.1M | $34.4M | $49.2M | $126M | $120M | $77.8M | |
| Non-current assets | $4.19M | $4.92M | $6.88M | $67.5M | $222M | $307M | $360M | $419M | $1.32B | $1.78B | |
| Total assets | $111M | $445M | $662M | $1.61B | $2.28B | $2.85B | $3.13B | $4.54B | $6.2B | $8.68B | |
| Liabilities | |||||||||||
| Accounts payable | $4.63M | $5.28M | $6.87M | $10.5M | $206M | $209M | $189M | $246M | $342M | $1.27B | |
| Accrued expenses | $2.49M | $7.02M | $14.8M | $30.2M | $68.9M | $83.7M | $84.3M | $95.1M | $151M | $212M | |
| Short-term debt | $0 | $0 | $0 | $2.22M | $3.48M | $3.51M | $3.42M | $4.65M | $6.53M | $10.8M | |
| Taxes payable | $0 | $716K | $941K | $386K | $3.5M | $4.32M | $3.18M | $4.33M | $13.4M | $0 | |
| Deferred revenue | $35.5M | $14.5M | $23.2M | $136M | $46.3M | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | -$8.64M | $1.92M | $30K | $144K | $0 | $828K | $22.6M | $73.4M | $157M | -$212M | |
| Current liabilities | $34M | $29.4M | $45.8M | $180M | $328M | $301M | $302M | $423M | $670M | $1.32B | |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.3M | |
| Lease obligations (non-current) | $0 | $0 | $0 | $5.1M | $6.18M | $7.96M | $9.01M | $15.4M | $32.5M | $36.3M | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $245M | $269M | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $1.49M | $6.44M | $8.41M | $5.16M | $0 | $0 | |
| Other non-current liabilities | $10.6M | $1.75M | $7K | $72K | $156K | $417K | $870K | $1.45M | $1.8M | -$33.2M | |
| Non-current liabilities | $10.6M | $1.75M | $8.01K | $250M | $277M | $14.8M | $18.3M | $22M | $34.3M | $39.4M | |
| Total liabilities | $44.6M | $31.2M | $45.8M | $430M | $605M | $316M | $321M | $445M | $704M | $1.36B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $2.12M | $3.86M | $4.12M | $5.21M | $5.74M | $6.23M | $6.64M | $6.39M | $6.98M | $7.35M | |
| Retained earnings | -$76.2M | -$121M | -$194M | -$383M | -$992M | -$1.4B | -$2.11B | -$2.4B | -$1.57B | -$280M | |
| Accumulated other comprehensive income | $7.88M | $14.1M | $35.4M | $53M | $321M | $465M | $71.7M | $72.1M | $66.7M | $73.6M | |
| Shareholders' equity | $66.7M | $414M | $616M | $1.18B | $1.67B | $2.53B | $2.81B | $4.1B | $5.5B | $7.32B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $0 | $0 | $0 | $7.32M | $9.66M | $11.5M | $12.4M | $20M | $39.1M | $83.5M | |
| Net debt (debt - cash) | -$94.5M | -$229M | -$321M | -$365M | -$1.21B | -$1.32B | -$788M | -$2.03B | -$1.46B | -$3.41B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02