ALNYLAM PHARMACEUTICALS, INC. ALNY

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

Alnylam Pharmaceuticals, Inc. (also referred to as Alnylam, the Company, we, our or us) is a global commercial-stage biopharmaceutical company developing novel therapeutics based on ribonucleic acid interference, or RNAi. RNAi is a naturally occurring biological pathway within cells for sequence-specific silencing and regulation of gene expression. By harnessing the RNAi pathway, we have pioneered a new class of innovative medicines, known as RNAi therapeutics. RNAi therapeutics are comprised of small interfering RNA, or siRNA, that function upstream of conventional medicines by potently silencing messenger RNA, or mRNA, that encode for proteins implicated in the cause or pathway of disease, thus preventing them from being made. We believe this is a revolutionary approach with the potential to transform the care of patients across a broad range of disease areas and indications. To date, our efforts to advance this revolutionary approach have yielded the approval of six first-in-class RNAi-based medicines: AMVUTTRA® (vutrisiran), ONPATTRO® (patisiran), GIVLAARI® (givosiran), OXLUMO® (lumasiran), Leqvio® (inclisiran) and Qfitlia® (fitusiran).

Last close 266.11 2026-09-04
Market cap $35.61B 2026-06-30 share count
52-week range 197.81 - 495.55

Valuation FY2025 figures against the last close

P/S9.6x
P/E114.2x
P/FCF76.5x
EV/EBITDA63.9x
Dividend yield
Diluted EPS2.33

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.71B$2.25B$1.83B$1.04B$844.3M$492.9M$219.8M$74.9M$2.9M$47.2M
Cost of revenue $677.2M$306.5M$268.2M$140.2M$115.0M$74.2M$25.1M$1.8M$0
Gross profit $3.04B$1.94B$1.56B$897.2M$729.3M$418.7M$194.7M$73.1M$2.9M
R&D $1.32B$1.13B$1.00B$883.0M$792.2M$654.8M$655.1M$505.4M$390.6M$382.4M
SG&A $1.21B$975.5M$795.6M$770.7M$620.6M$588.4M$479.0M$382.4M$199.4M$89.4M
Total operating expenses $3.21B$2.43B$2.11B$1.82B$1.55B$1.32B$1.16B$889.6M$590.0M$471.7M
Operating income $501.6M-$176.9M-$282.2M-$785.1M-$708.7M-$828.4M-$939.4M-$814.7M-$500.1M-$424.6M
Interest expense $252.6M$141.9M$121.2M$156.0M$143.0M$84.5M$0$0
Pre-tax income $323.2M-$377.4M-$433.5M-$1.13B-$852.1M-$855.6M-$885.3M-$760.7M-$490.9M-$410.1M
Income tax $9.4M$99.2M$6.7M$4.2M$680.0K$2.7M$863.0K$823.0K$0$0
Net income $313.7M-$278.2M-$440.2M-$1.13B-$852.8M-$858.3M-$886.1M-$761.5M-$490.9M-$410.1M
EPS, basic 2.39-2.18-3.52-9.30-7.20-7.46-8.11
EPS, diluted 2.33-2.18-3.52-9.30-7.20-7.46-8.11-7.57-5.42-4.79
Shares, diluted (wtd. avg.) $134.7M$127.7M$124.9M$121.7M$118.5M$115.0M$109.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.66B$966.4M$812.7M$868.6M$822.2M$499.0M$547.2M$420.1M$645.4M$193.6M
Short-term investments $1.25B$1.72B$1.62B$1.30B$1.55B$1.33B$975.0M$662.8M$1.05B$424.2M
Receivables $777.6M$405.3M$327.8M$238.0M$198.6M$102.4M$43.0M$18.8M$34.0M$23.3M
Inventory $82.7M$78.5M$89.1M$129.0M$86.4M$75.2M$56.3M$24.1M
Total current assets $4.05B$3.30B$2.98B$2.69B$2.81B$2.61B$1.72B$1.20B$1.76B$671.9M
Property, plant and equipment $513.1M$502.8M$526.1M$523.5M$502.0M$465.0M$425.2M$320.7M$181.9M$114.6M
Total assets $4.97B$4.24B$3.83B$3.55B$3.64B$3.41B$2.40B$1.57B$1.99B$1.26B
Accounts payable $115.7M$88.4M$55.5M$98.1M$73.4M$52.0M$49.9M$59.7M$28.4M$54.5M
Total current liabilities $1.47B$1.19B$967.8M$767.9M$695.7M$585.3M$352.6M$179.5M$144.3M$131.7M
Total liabilities $4.18B$4.17B$4.05B$3.70B$3.06B$2.39B$956.4M$272.8M$228.3M$342.6M
Retained earnings -$6.70B-$7.29B-$7.01B-$6.57B-$5.44B-$4.59B-$3.73B-$2.84B-$2.15B-$1.66B
Total equity $789.2M$67.1M-$220.6M-$158.2M$588.2M$1.02B$1.44B$1.30B$1.77B$920.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $524.1M-$8.3M$104.2M-$541.3M-$641.7M-$615.0M-$278.4M-$562.6M-$382.8M-$307.7M
Depreciation and amortisation $55.7M$56.7M$54.1M$44.5M$47.6M$34.8M$17.2M$15.2M$11.9M$15.1M
Stock-based compensation $348.2M$272.1M$221.7M$230.6M$165.7M$139.9M$174.8M$157.8M$92.8M$75.5M
Capital expenditure $58.7M$34.3M$62.2M$72.1M$76.4M$70.4M$140.2M$126.9M$104.2M$64.6M
Investing cash flow $436.3M-$116.8M-$336.4M$169.4M-$273.3M-$435.5M-$417.7M$272.9M-$290.4M$142.6M
Financing cash flow -$305.2M$294.2M$172.1M$425.8M$1.25B$995.0M$823.2M$65.5M$1.12B$177.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-023923.

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