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Stock research / United States / HALO · Biological Products, (No Diagnostic Substances) · Nasdaq

Halozyme Therapeutics, Inc. (HALO)

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Halozyme Therapeutics, Inc. (HALO) reported revenue of $481 million for Q2 FY2026, the quarter ended 30 June 2026, up 47.7% on the same quarter a year earlier. Net income was $230 million, up 39.2% on the year, and diluted earnings per share $1.90. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$481 millionup 47.7%
Net income$230 millionup 39.2%
Diluted EPS$1.90
QuarterQ2 FY2026ended 30 June 2026

Halozyme Therapeutics (HALO) in brief

Halozyme Therapeutics (HALO) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 37.6% on the year before.
Read moreNet income was $317 million and diluted earnings per share $2.56. Revenue was $1.0 billion in fiscal 2024, $829 million in fiscal 2023, $660 million in fiscal 2022 and $443 million in fiscal 2021. Net income in the same years was $444 million, $282 million, $202 million and $403 million. Over the twelve months to 30 June 2026, Halozyme Therapeutics reported revenue of $1.7 billion and net income of $414 million. Revenue grew 39.2% a year, compounded, over the five years to fiscal 2025. Halozyme Therapeutics had 114 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.9 billion of debt and $163 million of cash. At the close of 8 October 2026 the market cap of Halozyme Therapeutics was $12.5 billion, 32.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE288.1%
ROCE28.7%
Operating margin35.9%
Net margin24.9%
FCF margin48.5%
Interest cover29.41
Debt to equity13.50
Cash conversion1.98
Share count, 1 year-3.0%
Sales CAGR, 3 years28.4%
Profit CAGR, 3 years16.2%
EPS, TTM$3.35

At the close of 8 October 2026

Price$109.84
Market cap$12.5 billion
Stock P/E32.79
Price to book87.27
EV / EBITDA23.37
Dividend yieldn/a
Market cap / sales7.53
52-week high$115.22
52-week low$61.63
Price, 1 year68.5%
Price CAGR, 3 years43.7%
Price CAGR, 5 years24.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Halozyme Therapeutics, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
HALOgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HALO

Filings30 in twelve months: 22 current reports (8-K), about 9 officer or director change; 5 results of operations; 4 other events; 3 material agreement; 3 new financial obligation
Planned insider sales12 Form 144 notices in twelve months, $53.4 million; latest 16 September 2026
Options tapeput/call 0.38 by open interest at the 8 October 2026 close; the straddle prices a 4.3% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 2 Schedule 13D or 13G filings in twelve months
Insider trading94 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest15.2 million shares short, 11.59 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue216230196231290298265326354452377481
Cost of revenue54.852.328.339.649.442.148.446.455.278.879.279.2
Gross profit161178168192241256216279299373297402
Gross margin75%77%86%83%83%86%82%86%84%83%79%84%
R&D17.321.319.121.018.520.414.817.517.331.925.627.7
SG&A35.337.635.135.741.242.242.441.646.177.057.957.0
Operating income88.310195.5117163176142202218-92.9185288
Operating margin41%44%49%51%56%59%53%62%62%-21%49%60%
Interest expense4.55.24.54.54.54.54.54.44.34.95.55.6
Pre-tax income10210196.0118165178144205219-101180285
Tax rate20%16%20%21%17%23%18%19%20%n/a17%19%
Net income81.885.476.893.2137137118165175-142150230
Net margin38%37%39%40%47%46%45%51%49%-31%40%48%
Diluted EPS$0.61$0.65$0.60$0.72$1.05$1.06$0.93$1.33$1.43-$1.20$1.22$1.90
Operating cash flow13210212955.811517815499.7179219180241
Capital expenditure2.92.63.52.61.53.10.91.63.01.43.74.2
Free cash flow12999.812653.211417515398.1176218176237
Buybacks0.02520.00.00.0250n/an/a38.9n/an/an/a
Shares outstanding132m127m127m127m127m123m123m118m118m118m119m114m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue75.31351473171521962684436608291,0151,3971,664
Cost of revenue22.729.233.231.210.145.543.481.4139192159229292
Gross profit52.61061132851421502243625216378561,1681,371
Gross margin69.8%78.3%77.4%90.2%93.3%76.8%83.8%81.6%78.9%76.8%84.3%83.6%82.4%
Research and development79.793.215115115014134.235.766.676.479.081.5102
Selling, general and administrative35.940.045.953.860.877.345.750.3144149154207238
Operating income-63.0-27.5-83.281.0-69.3-67.6144276268338551469597
Operating margin-83.7%-20.3%-56.7%25.6%-45.7%-34.5%53.9%62.2%40.5%40.7%54.3%33.6%35.9%
Interest expense5.65.220.022.018.011.620.47.516.918.818.118.120.3
Pre-tax income-68.4-32.2-10261.6-79.8-72.3129249249348557467583
Income tax0.00.01.2-1.40.5-0.00.2-15446.866.7113150170
Effective tax raten/an/an/a-2.2%n/an/a0.2%-62.0%18.8%19.2%20.3%32.1%29.1%
Net income-68.4-32.2-10363.0-80.3-72.2129403202282444317414
Net margin-90.8%-23.9%-70.2%19.9%-52.9%-36.9%48.2%90.8%30.6%34.0%43.7%22.7%24.9%
Diluted EPS-$0.56-$0.25-$0.81$0.45-$0.56-$0.50$0.91$2.74$1.44$2.10$3.43$2.56$3.35
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow-47.5-37.1-50.4134-49.5-85.455.5299240389479652819
Capital expenditure1.42.43.11.44.74.02.51.54.815.310.77.012.4
Free cash flow-48.9-39.4-53.5133-54.2-89.553.0298235373468645806
Free cash flow margin-64.9%-29.2%-36.5%41.9%-35.7%-45.6%19.8%67.2%35.6%45.0%46.1%46.2%48.5%
Cash from investing-33.05.9-76.8-1642.5-5.578.4-406-487-96.9-263-546-606
Cash from financing11513.1151132-63.8153-10677.9362-408-219-85.2-111
Depreciation and amortisation1.81.72.42.22.44.13.33.06.511.110.311.414.7
Share-based compensation15.320.825.630.735.734.817.220.824.436.643.451.663.1
Buybacksn/an/an/a0.00.0200150350200402250342n/a
Diluted shares, weightedn/a127m128m139m144m144m141m147m141m134m129m124m121m
Shares outstanding at period end126m128m130m143m143m137m135m137m135m127m123m118m114m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017FY2018FY2019FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity41.443.0-32.520824991.815119717083.836448.8144
Debt49.928.019912534.93830.07871,5061,4991,5062,1431,938
Other liabilities74.811194.818615691.1429120166150194334496
Total liabilities and equity1661822625204405665801,1041,8421,7332,0632,5252,577
Owned
Fixed assets3.03.94.33.57.510.97.36.835.138.140.944.449.8
Goodwilln/an/an/an/an/an/an/a0.0409417417580582
Intangible assetsn/an/an/an/an/an/an/a0.0547473402981922
Investments74.265.0138300297301220622129n/an/an/an/a
Securities held for sale or to maturityn/an/an/an/an/an/an/an/an/a2184809.067.9
Cash and equivalents61.443.366.816957.9120148119234118116134163
Receivables9.132.415.722.130.059.497.791.0231233288426453
Inventory6.49.514.65.122.629.460.753.9100128142176137
Other assets11.827.622.019.925.645.046.1212157109178173202
Total assets1661822625204405665801,1041,8421,7332,0632,5252,577
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded26.3%39.2%28.4%41.2%
Profit growth, compoundedn/a19.7%16.2%-25.8%
Return on equity, average159.5%286.1%369.1%649.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Pharmaceutical Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Amgen Inc. AMGN$220.3 billion25.3274.8%30.0%9.1%4.901.8%
Gilead Sciences, Inc. GILD$182.6 billionn/a-27.4%-8.2%5.5%2.222.1%
Moderna, Inc. MRNA$78.6 billionn/a-46.6%-149.0%-27.6%0.09n/a
argenx SE ARGX *$50.7 billion41.8317.6%n/a89.9%0.00n/a
Biogen Inc. BIIB$32.2 billion38.664.4%10.1%0.3%0.39n/a
BioNTech SE BNTX *$23.1 billionn/a-5.9%-49.0%4.3%0.01n/a
Exelixis, Inc. EXEL$14.7 billion18.5646.7%39.9%9.2%0.00n/a
Neurocrine Biosciences Inc. NBIX$14.4 billion20.7119.1%23.6%34.4%0.00n/a
Halozyme Therapeutics, Inc. HALO$12.5 billion32.79288.1%35.9%41.2%13.50n/a
Bio-Techne Corp. TECH$11.3 billion63.008.6%20.7%-0.4%0.090.4%
Krystal Biotech, Inc. KRYS$9.7 billion41.0217.8%44.9%22.6%0.00n/a
Repligen Corp. RGEN$9.2 billion224.442.0%8.2%16.5%0.26n/a
All 42 in Pharmaceutical Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.10 trillion39.2578.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$618.1 billion29.7224.8%n/a8.1%0.442.0%
ABBVIE Inc. ABBV$481.4 billion76.95n/a26.2%10.4%n/a2.5%
Merck & Co., Inc. MRK$351.3 billion113.907.6%n/a4.6%1.292.3%
Novartis AG NVS *$273.1 billion20.0230.3%n/a8.4%0.622.9%
AstraZeneca PLC AZN *$246.3 billion24.2821.0%23.4%8.6%0.612.0%
Amgen Inc. AMGN$220.3 billion25.3274.8%30.0%9.1%4.901.8%
Gilead Sciences, Inc. GILD$182.6 billionn/a-27.4%-8.2%5.5%2.222.1%
Abbott Laboratories ABT$171.6 billion31.8710.6%15.8%8.1%0.582.4%
Novo Nordisk A/S NVO *$170.8 billion11.0652.8%41.3%6.4%0.674.6%
Pfizer Inc. PFE$158.6 billion36.615.1%n/a-0.2%0.716.2%
Vertex Pharmaceuticals Inc. VRTX$127.5 billion29.2921.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$121.7 billion13.1241.6%24.2%3.1%1.924.2%
Sanofi SNY *$98.1 billion11.2210.9%n/a6.2%0.265.5%
GSK plc GSK *$93.4 billion12.6734.9%24.3%4.1%0.883.6%
Moderna, Inc. MRNA$78.6 billionn/a-46.6%-149.0%-27.6%0.09n/a
Regeneron Pharmaceuticals, Inc. REGN$78.4 billion18.2813.7%24.7%9.3%0.060.5%
Takeda Pharmaceutical Company Limited TAK *$58.5 billionn/a-2.1%0.1%-1.7%0.663.5%
argenx SE ARGX *$50.7 billion41.8317.6%n/a89.9%0.00n/a
Teva Pharmaceutical Industries Ltd. TEVA$45.7 billion65.429.1%9.3%4.1%2.140.0%
IDEXX Laboratories Inc. IDXX$40.5 billion36.0970.7%32.0%12.8%0.60n/a
Biogen Inc. BIIB$32.2 billion38.664.4%10.1%0.3%0.39n/a
Zoetis Inc. ZTS$30.3 billion12.0483.1%n/a1.5%2.872.8%
Roivant Sciences Ltd. ROIV$24.7 billionn/a-6.3%-7,914.8%-67.6%0.00n/a
Genmab A/S GMAB *$23.2 billion23.4516.5%28.6%19.2%0.90n/a
BioNTech SE BNTX *$23.1 billionn/a-5.9%-49.0%4.3%0.01n/a
United Therapeutics Corp. UTHR$22.7 billion19.0620.5%44.4%2.5%0.00n/a
Viatris Inc. VTRS$20.0 billionn/a-2.9%-0.6%4.4%0.812.8%
Exelixis, Inc. EXEL$14.7 billion18.5646.7%39.9%9.2%0.00n/a
Jazz Pharmaceuticals plc JAZZ$14.4 billion15.3419.6%19.5%12.6%0.91n/a
Neurocrine Biosciences Inc. NBIX$14.4 billion20.7119.1%23.6%34.4%0.00n/a
Corcept Therapeutics Inc. CORT$12.8 billion282.247.8%0.8%16.0%0.00n/a
Halozyme Therapeutics, Inc. HALO$12.5 billion32.79288.1%35.9%41.2%13.50n/a
Bio-Techne Corp. TECH$11.3 billion63.008.6%20.7%-0.4%0.090.4%
Elanco Animal Health Inc. ELAN$11.3 billionn/a-3.0%n/a12.0%0.56n/a
Biomarin Pharmaceutical Inc. BMRN$10.6 billion148.351.2%4.4%11.2%0.66n/a
Dr. Reddy’s Laboratories Limited RDY *$10.2 billion22.8511.4%15.0%3.2%0.050.7%
Krystal Biotech, Inc. KRYS$9.7 billion41.0217.8%44.9%22.6%0.00n/a
Repligen Corp. RGEN$9.2 billion224.442.0%8.2%16.5%0.26n/a
Cytokinetics Inc. CYTK$8.6 billionn/an/a-1,046.1%-21.1%n/an/a
Arrowhead Pharmaceuticals, Inc. ARWR$8.6 billionn/a-68.7%-33.8%16.8%1.47n/a
Lantheus Holdings, Inc. LNTH$6.5 billion24.1821.0%19.4%2.3%0.43n/a
11 companies share its SEC industry code (Biological Products, (No Diagnostic Substances)); the rest are the names nearest in size in its wider industry, Pharmaceutical Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 20253 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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