argenx SE (EBR:ARGX)
Belgium · Delayed Price · Currency is EUR 746.20
-29.40 (-3.79%)
Jul 30, 2026, 5:15 PM CET
argenx SE Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,715 | 1,292 | 833.04 | -295.05 | -709.59 | -408.27 |
Depreciation & Amortization | 21.69 | 17.69 | 7.46 | 107.92 | 103.63 | 5.4 |
Other Amortization | 10.41 | 10.41 | 10.07 | 3.39 | 0.71 | 0.47 |
Loss (Gain) From Sale of Investments | -7.58 | -11.58 | -3.83 | - | -4.26 | -11.15 |
Loss (Gain) on Equity Investments | 12.39 | 12.39 | 7.64 | 4.41 | 0.68 | - |
Stock-Based Compensation | 254.08 | 248.08 | 235.18 | 232.97 | 157.03 | 179.37 |
Other Operating Activities | -442.21 | -461.21 | -847.13 | -165.08 | -35.28 | -31.68 |
Change in Accounts Receivable | -819.33 | -802.33 | -423.11 | -185.69 | -222.26 | -31.63 |
Change in Inventory | -73.95 | -98.95 | -96 | -83.03 | -119.28 | -83.88 |
Change in Accounts Payable | 503.33 | 612.33 | 246.34 | 95.6 | 0.33 | 134.89 |
Change in Unearned Revenue | - | - | - | - | - | -315.37 |
Change in Other Net Operating Assets | -199.68 | -133.68 | -52.4 | -135.77 | -34.51 | -44.97 |
Operating Cash Flow | 974.19 | 685.19 | -82.75 | -420.33 | -862.81 | -606.81 |
Operating Cash Flow Growth | 141.19% | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -4.17 | -6.17 | -1.8 | -0.81 | -0.84 | -3.62 |
Sale (Purchase) of Intangibles | -66.52 | -105.52 | -66.5 | -43 | -102.99 | -117.81 |
Investment in Securities | 229.02 | 933.02 | -760.94 | 259.27 | -370.51 | -228.24 |
Other Investing Activities | 105.67 | 162.67 | 111.65 | 92.75 | 13.15 | 2.6 |
Investing Cash Flow | 264.01 | 984.01 | -717.59 | 308.21 | -461.18 | -347.07 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Repaid | - | -4.11 | -7.64 | -3.8 | -4.17 | -3.86 |
Net Debt Issued (Repaid) | -10.11 | -4.11 | -7.64 | -3.8 | -4.17 | -3.86 |
Issuance of Common Stock | 318.38 | 278.38 | 309.27 | 1,355 | 854.15 | 1,125 |
Repurchase of Common Stock | -44.26 | -41.26 | -21.87 | -12.14 | -5.86 | - |
Other Financing Activities | - | - | - | -2.33 | -0.37 | 0.44 |
Financing Cash Flow | 264.01 | 233.01 | 279.76 | 1,337 | 843.76 | 1,121 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -2.85 | 89.15 | -28.33 | 23.49 | -53.7 | -49.59 |
Miscellaneous Cash Flow Adjustments | -1 | - | - | - | - | - |
Net Cash Flow | 1,498 | 1,991 | -548.91 | 1,248 | -533.94 | 117.87 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 970.03 | 679.03 | -84.55 | -421.14 | -863.64 | -610.44 |
Free Cash Flow Growth | 143.78% | - | - | - | - | - |
Free Cash Flow Margin | 18.25% | 16.03% | -3.76% | -33.20% | -195.83% | -115.55% |
Free Cash Flow Per Share | 14.83 | 10.28 | -1.30 | -7.37 | -15.88 | -11.95 |
Levered Free Cash Flow | 761.77 | 512.83 | -143.39 | -205.62 | -670.02 | -334.38 |
Unlevered Free Cash Flow | 763.75 | 514.82 | -142.1 | -205.19 | -669.18 | -334.12 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | - | 0.9 | 0.39 | 0.21 | 0.85 | 0.68 |
Cash Income Tax Paid | 371.86 | 254.86 | -7.8 | 37.52 | 24.14 | 15.77 |
Change in Working Capital | -589.63 | -422.63 | -325.17 | -308.89 | -375.72 | -340.95 |