argenx SE (ARGX) quarterly balance sheet — complete assets, liabilities & equity history
argenx SE (ARGX) balance sheet — 15-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 |
|---|
| Total Current Assets | 8.07B | 6.9B | 5.83B | 4.88B | 4.26B | 4.12B | 2.69B | 2.77B | 2.93B | 2.54B | 2.86B | 2.06B | 2.2B | 1.54B | 1.09B | 654.82M | 411.33M | 440.06M | 181.91M | 107.06M |
| Cash & Short-Term Investments | 5.18B | 4.44B | 3.93B | 3.38B | 3.1B | 3.18B | 2B | 2.19B | 2.6B | 2.34B | 2.73B | 2B | 2.17B | 1.5B | 1.07B | 645.81M | 391.78M | 431.62M | 173.43M | 101.73M |
| Cash Only | 3.58B | 3.49B | 2.09B | 1.5B | 1.44B | 2.05B | 1.11B | 800.74M | 1.37B | 1.33B | 1.58B | 1.22B | 1.35B | 372.16M | 190.78M | 321.48M | 162.87M | 228.98M | 75.53M | 94.55M |
| Short-Term Investments | 1.6B | 948.75M | 1.84B | 1.88B | 1.66B | 1.13B | 886.4M | 1.39B | 1.23B | 1B | 1.15B | 779.65M | 822.53M | 1.13B | 776.49M | 283.53M | 228.91M | 202.64M | 97.9M | 7.18M |
| Accounts Receivable | 1.94B | 1.66B | 1.2B | 909.1M | 655.56M | 499.27M | 354.61M | 277.27M | 113.93M | 38.22M | 12.05M | 7.44M | 10.05M | 22.58M | 5.59M | 214K | 8.91M | 3.08M | 5.07M | 1.12M |
| Days Sales Outstanding | 58.3 | 40.64 | 101.42 | 53.03 | 58.42 | 51.42 | 56.43 | 57.08 | 62.34 | 85.56 | 1.78 | 51.46 | 48.85 | 41.58 | 5.16 | 56.96 | 26.53 | 26.47 | 11.79 | 9.37 |
| Inventory | 371M | 473.53M | 340.62M | 407.23M | 326.46M | 310.55M | 201.11M | 228.35M | 135.71M | 109.08M | 59.22M | 25.2M | 5.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 137.97 | 109.28 | 308.1 | 50.35 | 673.11 | 40.7 | -42.99 | 43.64 | 41.02 | 25.04 | 14.06 | 11.58 | 3.04 | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 1K | 0 | 0 | 0 | 0 | -1K | 1.47M | 0 | 1K | 5.86M | 377.55K | 7.93M | 2.67M | 5.37M | 5.19M | 2.55M | 715K | 1.95M |
| Total Non-Current Assets | 1.96B | 1.78B | 1.35B | 1.32B | 532.77M | 418.72M | 502.28M | 360.06M | 319.95M | 307.3M | 348.36M | 222.41M | 72.96M | 67.54M | 56.01M | 6.01M | 4.92M | 4.92M | 3.58M | 4.18M |
| Property, Plant & Equipment | 52M | 48.25M | 45.8M | 43.52M | 36.93M | 22.68M | 13.45M | 16.23M | 14.24M | 15.84M | 11.39M | 11.58M | 9.9M | 9.18M | 6.69M | 824K | 869.46K | 811K | 1.01M | 805.6K |
| Fixed Asset Turnover | 56.18x | 68.17x | 21.23x | 33.47x | 30.26x | 41.95x | 34.42x | 20.52x | 7.40x | 1.97x | 43.40x | 1.44x | 3.20x | 3.90x | 13.66x | 8.63x | 24.53x | 15.42x | 26.37x | 11.98x |
| Goodwill | 0 | 0 | 0 | 0 | 9.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 266M | 272.1M | 218.98M | 181.44M | 132.35M | 125.23M | 189.86M | 174.9M | 171.29M | 171.68M | 175.17M | 167.34M | 46.05M | 45.12M | 40.33M | 64.06K | 9.25K | 15.6K | 13.73K | 17.88K |
| Long-Term Investments | 69M | 89.59M | 10.68M | 49.7M | 38.61M | 47.16M | 49.91M | 40.48M | 41.42M | 53.17M | 118.02M | 6.31M | 3.87M | 2.92M | 1.7M | 5.14M | 1.16K | 1.2K | 1.14K | 1.05K |
| Other Non-Current Assets | 148M | 77.8M | 170.79M | 120.46M | 140.83M | 126.45M | 109.06M | 49.23M | 38.72M | 34.42M | 27.52M | 22.14M | 13.14M | 10.33M | 7.28M | -4.26K | 4.04M | 4.1M | 2.55M | 3.36M |
| Total Assets | 10.03B | 8.68B | 7.18B | 6.2B | 4.8B | 4.54B | 3.19B | 3.13B | 3.25B | 2.85B | 3.21B | 2.28B | 2.27B | 1.61B | 1.15B | 661.7M | 416.25M | 444.98M | 185.49M | 111.24M |
| Asset Turnover | 0.30x | 0.40x | 0.14x | 0.24x | 0.19x | 0.20x | 0.16x | 0.10x | 0.04x | 0.01x | 0.18x | 0.01x | 0.02x | 0.02x | 0.06x | 0.01x | 0.05x | 0.04x | 0.16x | 0.08x |
| Asset Growth % | 39.81% | 39.99% | 49.6% | 36.55% | 50.18% | 44.93% | -1.71% | 9.96% | 1.13% | 25.04% | 41.26% | 41.56% | 98.24% | 143.35% | 175.65% | 48.7% | 124.41% | 300.01% | 42.12% | 121.38% |
| Total Current Liabilities | 1.57B | 1.32B | 1.04B | 669.92M | 499.63M | 422.99M | 317.79M | 302.28M | 264.6M | 301.24M | 244.04M | 328.49M | 222.5M | 179.7M | 116.41M | 45.82M | 27.18M | 29.41M | 40.3M | 34M |
| Accounts Payable | 718M | 1.27B | 531.97M | 342.23M | 280.63M | 245.56M | 195.27M | 188.72M | 167.24M | 293.42M | 239.44M | 275.19M | 143.59M | 95.75M | 62.71M | 6.87M | 25.17M | 5.28M | 14.9M | 12.86M |
| Days Payables Outstanding | 324.31 | 241.48 | 360.15 | 42.74 | 556.01 | 35.06 | -38.44 | 42.67 | 77.19 | 79.29 | 85.72 | 157.43 | 64.94 | 61.31 | 40.51 | 30.98 | 40.19 | 34.35 | 49.41 | 43.85 |
| Short-Term Debt | 11M | 10.83M | 7.58M | 6.53M | 5.85M | 4.65M | 3.2M | 3.42M | 3.49M | 3.51M | 3.45M | 3.48M | 2.53M | 2.22M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.71M | 0 | 0 | 46.33M | 75.58M | 81.2M | 52.23M | 23.21M | 4.94M | 14.48M | 24.6M | 21.18M |
| Other Current Liabilities | 600M | 0 | 356.47M | 156.95M | 92.49M | 73.35M | 44.5M | 22.62M | 6.49M | 0 | 0 | 0 | 0 | 144.27K | -35.01K | 29.98K | 0 | 1.92M | 119.28K | -37.52K |
| Current Ratio | 5.12x | 5.23x | 5.60x | 7.29x | 8.53x | 9.75x | 8.47x | 9.18x | 11.07x | 8.44x | 11.74x | 6.26x | 9.90x | 8.58x | 9.37x | 14.29x | 15.13x | 14.96x | 4.51x | 3.15x |
| Quick Ratio | 4.89x | 4.87x | 5.27x | 6.68x | 7.88x | 9.01x | 7.84x | 8.42x | 10.56x | 8.08x | 11.50x | 6.19x | 9.87x | 8.58x | 9.37x | 14.29x | 15.13x | 14.96x | 4.51x | 3.15x |
| Cash Conversion Cycle | -128.04 | -91.57 | 49.37 | 60.63 | 175.52 | 57.05 | 51.88 | 58.05 | 26.17 | 31.31 | -69.88 | -94.39 | -13.06 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 40M | 39.42M | 37.94M | 34.32M | 34.68M | 21.96M | 17.95M | 18.29M | 14.42M | 14.81M | 17.05M | 276.86M | 234.12M | 250.11M | 274.43M | 8.01K | 28.91K | 1.75M | 1.14K | 10.59M |
| Long-Term Debt | 0 | 36.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 36M | 36.33M | 35.57M | 32.52M | 28.11M | 15.35M | 8.04M | 9.01M | 6.21M | 7.96M | 4.43M | 6.18M | 5.25M | 5.1M | 3.69M | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 4.99M | 5.16M | 8.89M | 8.41M | 7.66M | 6.44M | 12.39M | 1.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4M | -33.23M | 2.37M | 1.8M | 1.58M | 1.45M | 1.01M | 870K | 546K | 417K | 227K | 156K | 71.98K | 72K | 7.96K | 7K | 28.91K | 1.75M | 1.14K | 10.59M |
| Total Liabilities | 1.61B | 1.36B | 1.08B | 704.24M | 534.31M | 444.95M | 335.74M | 320.56M | 279.02M | 316.05M | 261.09M | 605.36M | 456.61M | 429.81M | 390.84M | 45.83M | 31.29M | 31.16M | 35.23M | 44.59M |
| Total Debt | 47M | 83.49M | 43.15M | 39.05M | 33.96M | 20M | 11.24M | 12.43M | 9.7M | 11.46M | 7.88M | 9.66M | 7.79M | 7.32M | 4.76M | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -3.54B | -3.41B | -2.04B | -1.46B | -1.4B | -2.03B | -1.1B | -788.31M | -1.36B | -1.32B | -1.57B | -1.21B | -1.34B | -364.84M | -186.59M | -321.48M | -162.87M | -228.98M | -86.41M | -94.55M |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.01x | 0.01x | - | - | - | - | - |
| Debt / EBITDA | 0.05x | 0.10x | 0.15x | 0.31x | - | - | - | - | - | - | 0.08x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -4.09x | -3.94x | -7.09x | -11.58x | - | - | - | - | - | - | -16.05x | - | - | - | - | - | - | - | - | - |
| Interest Coverage | 423.00x | 658.56x | 255.79x | 167.22x | -52.59x | -419.73x | -472.41x | -171.56x | -198.82x | -2014.25x | 127.93x | - | -82.67x | - | - | - | - | - | - | - |
| Total Equity | 8.42B | 7.32B | 6.1B | 5.5B | 4.26B | 4.1B | 2.86B | 2.81B | 2.97B | 2.53B | 2.95B | 1.67B | 1.82B | 1.18B | 756.55M | 615.87M | 384.97M | 413.81M | 171.88M | 66.65M |
| Equity Growth % | 38.08% | 33.19% | 43.02% | 34.19% | 49.13% | 45.63% | -3.78% | 11.03% | 0.62% | 51.38% | 62.37% | 41.82% | 140.3% | 91.66% | 96.52% | 48.83% | 123.97% | 520.87% | 104.94% | 63.54% |
| Book Value per Share | 130.68 | 110.63 | 92.85 | 77.49 | 71.76 | 70.31 | 51.32 | 50.87 | 55.57 | 49.20 | 54.68 | 35.36 | 41.82 | 29.90 | 20.03 | 17.87 | 11.89 | 15.07 | 7.90 | 3.29 |
| Total Shareholders' Equity | 8.42B | 7.32B | 6.1B | 5.5B | 4.26B | 4.1B | 2.86B | 2.81B | 2.97B | 2.53B | 2.95B | 1.67B | 1.82B | 1.18B | 756.55M | 615.87M | 384.97M | 413.81M | 171.88M | 66.65M |
| Common Stock | 7M | 7.35M | 7.26M | 6.98M | 7.12M | 7.06M | 6.7M | 6.64M | 6.6M | 6.23M | 6.2M | 5.74M | 5.3M | 5.21M | 4.33M | 4.12M | 3.79M | 3.86M | 2.69M | 2.12M |
| Retained Earnings | 558M | -279.77M | -1.16B | -1.57B | -2.44B | -2.4B | -2.23B | -2.11B | -1.84B | -1.4B | -928.76M | -991.93M | -605.3M | -383.48M | -244.14M | -194.01M | -143.65M | -120.65M | -92.3M | -76.24M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.54B | 73.59M | 78.22M | 66.71M | 945.06M | 72.07M | 710.09M | 71.72M | 527.31M | 465.41M | 431.75M | 321.21M | 119.55M | 53.04M | 54.74M | 35.4M | 20.59M | 14.11M | 10.73M | 7.88M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |