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MARKETS / NASDAQ / HALO
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · LARGE CAP

Halozyme Therapeutics, Inc. HALO

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 37.6% YoY
$316.9M
▼ 28.6% YoY
$644.6M
▲ 37.6% YoY
In brief

What this company does

Halozyme Therapeutics, Inc. licenses its technology to biopharmaceutical companies to collaboratively develop products that combine ENHANZE with its partners' proprietary compounds. It also develops, manufactures and commercializes, for itself or with partners, drug-device combination products using auto-injector technologies. Its portfolio of proprietary commercial products includes Hylenex, which utilizes rHuPH20, and XYOSTED, which utilizes its auto-injector technology. It earns royalties from the sales of ten commercial products, including five from its collaboration with Roche, two from its collaboration with Janssen, and one each from its collaborations with Takeda, argenx and BMS. Its principal offices and research facilities are located in San Diego, California. As of February 10, 2026, it had 423 full-time employees.

Written from the business description in HALOZYME THERAPEUTICS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.4B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income 0.3
0.5B1.0B200920112013201520172019202120232025
Compound annual growth
+28.4%
+39.2%
+26.3%
+36.2%
+16.2%
+19.7%
+21.1%
+23.0%
+19.6%
+32.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +39.2% a year over five years — but profit grew slower: net income at +19.7%, earnings per share at +23.0%.

The share count fell from 0.14B to 0.12B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
23 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 33.6% · Net 22.7%
50%-200%-400%200920112013201520172019202120232025
ROE
FY2025 · ROE 153.6%
100%200%-500%-1000%-1500%200920112013201520172019202120232025

Each USD of equity produced 154 cents of profit this year.

Cash & shareholders
USD 342.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 644.6
250.0M500.0M-40.0M-80.0M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 342.4
200M400M-50M-100M201720182019202020212022202320242025

USD 342.4M in buybacks — 108% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.5B
EquityUSD 48.8M
CashUSD 133.8M
Gross debtUSD 2.1B
Net debtUSD 2.0B
Current ratio4.66×

Net debt stands at 4115% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.41.00.80.70.40.30.20.20.30.10.10.10.10.00.10.00.0
Operating income $B0.50.60.30.30.30.1−0.1−0.10.1−0.1−0.0−0.1−0.1−0.1−0.0−0.1−0.1
EBITDA $B0.50.60.30.30.30.1−0.1−0.10.1−0.1−0.0−0.1−0.1−0.1−0.0−0.1−0.1
Income tax $B0.10.10.10.0−0.20.0−0.00.0−0.00.00.00.0·····
Net income $B0.30.40.30.20.40.1−0.1−0.10.1−0.1−0.0−0.1−0.1−0.1−0.0−0.1−0.1
Free cash flow $B0.60.50.40.20.30.1−0.1−0.10.1−0.1−0.0−0.0−0.1−0.1−0.0−0.0−0.0
EPS, diluted $2.563.432.101.442.740.91−0.50−0.560.45−0.81−0.25−0.56−0.74−0.48−0.19−0.56−0.67
Dividend / sh $·················
Payout %·················
ROE %153.6198.4222.1110.2231.4106.3−42.4−35.171.6−1959.0−76.4−640.2−578.4−179.2−126.5−390.7−845.4
Shares out B0.120.120.130.140.140.140.140.140.140.130.130.130.110.110.100.10·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 64 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 14 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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