ALNYLAM PHARMACEUTICALS, INC. ALNY
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).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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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| PFE | PFIZER INC | $162.16B | 20.9x | -1.6% |