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Regeneron Pharmaceuticals, Inc.

REGN

Healthcare · 781.29 -1.5% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Regeneron Pharmaceuticals, Inc.'s current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 42 directly disclosed connections are confirming.

What changed
  • Revenue increased 19.0% versus the comparable filing period.
  • Operating margin fell 1.7 percentage points.
Company-1.5% todayVolume comparison unavailable
Market group0 of 15 activeHealthcare Sector · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • REGN's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if REGN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

The latest filing is mixed. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 42 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 19.0% versus the comparable filing period.
  • Operating cash flow covered net income at 1.48x, improving versus the comparable period.
Evidence that challenges
  • Operating margin fell 1.7 percentage points.
  • Net margin fell 6.5 percentage points.
What would clarify the read
  • REGN's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements31
Verified relationships20
Evidence supporting the case
  • Operating cash flow covered net income at 1.11x in the latest annual period.
Evidence challenging the case
  • Operating margin changed -3.2 percentage points in the latest annual period.
Questions before a position
  • P/E is 44% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 45% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

781.29
6m+4.6%12m+40.6%24m-30.9%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$16.1B+89.1%$71.97-2.5%
2022-12-31$12.2B-24.3%$38.22+1.2%
2023-12-31$13.1B+7.8%$34.77+0.2%
2024-12-31$14.2B+8.3%$38.34+1.2%
2025-12-31$14.3B+1.0%$41.48-5.6%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dmixed · 1 filings
Intangible Assets Intangible assets, net consist of the following: As of December 31, 2025 2024 (In millions) Estimated Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying…
10-K · Feb 4, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.9× · EV/sales 5.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

781.29-1.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for REGN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-04-29 against the comparable filing from 2025-04-29.

mixed
OperationsmixedEvidence score +1
liquidityconstructiveEvidence score +1
valuationmixed

What improved

  • Revenue increased 19.0% versus the comparable filing period.
  • Operating cash flow covered net income at 1.48x, improving versus the comparable period.

What weakened

  • Operating margin fell 1.7 percentage points.
  • Net margin fell 6.5 percentage points.

Filing receipts

Gross margin on net product sales decreased for the three months ended March 31, 2026, compared to the same period in 2025, primarily due to unabsorbed manufacturing costs and higher inventory write-offs and reserves as a result of a temporary interruption of bulk manufacturing production at our facility in Limerick, Ireland, due to unanticipated facility repairs that commenced during the first quarter of 2026.

Selling, General, and Administrative Expenses Selling, general, and administrative expenses increased for the three months ended March 31, 2026, compared to the same period in 2025, primarily due to an increase in commercialization-related expenses for EYLEA HD and Libtayo and higher headcount and headcount-related costs, partly offset by lower charitable contributions to an independent non-profit patient assistance organization.

In addition, our effective tax rate increased for the three months ended March 31, 2026, compared to the same period in 2025, primarily due to lower tax benefits from cross-border tax laws and federal tax credits for research activities.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind REGN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

RAREUltragenyx Pharmaceutical Inc.partnerApr 29, 2026

Aflibercept 8 mg is known as EYLEA HD in the United States and EYLEA 8 mg in other countries.

ALNYAlnylam Pharmaceuticals, Inc.partnerApr 29, 2026

Alnylam We and Alnylam Pharmaceuticals, Inc.

Depended on by

KNSAKiniksa Pharmaceuticals International, plcsupplierApr 28, 2026

Pursuant to the Regeneron Agreement, we have entered into a supply agreement with Regeneron to purchase both clinical and commercial product.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 39 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

REGN is currently a Follower in the organic co-movement group Healthcare Sector. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.