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REGENERON PHARMACEUTICALS (REGN)

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Earnings summaries and quarterly performance for REGENERON PHARMACEUTICALS.

Research analysts who have asked questions during REGENERON PHARMACEUTICALS earnings calls.

Brian Abrahams

Brian Abrahams

RBC Capital Markets

7 questions for REGN

Also covers: ACAD, ATAI, BCRX +17 more
Salveen Richter

Salveen Richter

Goldman Sachs

7 questions for REGN

Also covers: ACAD, AGIO, ALLO +20 more
TV

Tyler Van Buren

TD Cowen

7 questions for REGN

Also covers: ADVM, ALLO, ARQT +12 more
Akash Tewari

Akash Tewari

Jefferies

6 questions for REGN

Also covers: ALKS, APLS, ARGX +15 more
CL

Carter L. Gould

Barclays

6 questions for REGN

Also covers: ABBV, ALEC, AMGN +7 more
Cory Kasimov

Cory Kasimov

Evercore ISI

6 questions for REGN

Also covers: BBIO, BMRN, BNTX +5 more
ES

Evan Seigerman

BMO Capital Markets

6 questions for REGN

Also covers: ABBV, AMGN, ARVN +15 more
Terence Flynn

Terence Flynn

Morgan Stanley

6 questions for REGN

Also covers: ABBV, AMGN, ARVN +17 more
AH

Alexandria Hammond

Wolfe Research

5 questions for REGN

Also covers: ABBV, AMGN, BMRN +6 more
CS

Christopher Schott

JPMorgan Chase & Co.

5 questions for REGN

Also covers: ABBV, AMGN, AMRX +15 more
DR

David Risinger

Leerink Partners

5 questions for REGN

Also covers: ABBV, AMGN, BMY +9 more
CR

Christopher Raymond

Piper Sandler

3 questions for REGN

Also covers: ABBV, AGIO, AMGN +7 more
WP

William Pickering

Sanford C. Bernstein & Co.

3 questions for REGN

Also covers: ALLO, ARWR, NTLA +1 more
Geoff Meacham

Geoff Meacham

Citigroup Inc.

2 questions for REGN

Also covers: ABBV, AMGN, BMY +8 more
Jeffrey Meacham

Jeffrey Meacham

Citi

2 questions for REGN

Mohit Bansal

Mohit Bansal

Wells Fargo & Company

2 questions for REGN

Also covers: ABBV, AMGN, BMRN +16 more
SG

Simon Goodwin

Rothschild & Co. Redburn

2 questions for REGN

TH

Taylor Hanley

JPMorgan Chase & Co.

2 questions for REGN

TA

Tim Anderson

Bank of America

2 questions for REGN

Also covers: ABBV, AMLX, BIIB +4 more
AN

Alice Natelton

Bank of America

1 question for REGN

C

Chris

Morgan Stanley

1 question for REGN

Also covers: GILD, MRNA, VRTX
TH

Trung Huynh

UBS Group AG

1 question for REGN

Also covers: ABBV, ABOS, AMGN +5 more

Recent press releases and 8-K filings for REGN.

Regeneron reports Q4 2025 results
REGN
Earnings
Guidance Update
Dividends
  • Regeneron delivered $3.9 billion in Q4 2025 revenues, up 3% year-over-year, with non-GAAP diluted EPS of $11.44.
  • Dupixent Q4 net sales reached $4.9 billion (+32% yoy), Eylea HD US net sales were $506 million (+66% yoy), and Libtayo net sales were $425 million (+13% yoy).
  • 2026 guidance expects R&D spend of $5.9 billion–$6.1 billion and SG&A of $2.5 billion–$2.65 billion.
  • Returned $3.8 billion to shareholders in 2025 (share repurchases of $3.4 billion, dividends of $400 million) and initiated a quarterly dividend of $0.94 per share.
5 hours ago
Regeneron reports Q4 2025 financial results
REGN
Earnings
Guidance Update
Share Buyback
  • Q4 total revenues of $3.9 billion, up 3% year-over-year; diluted EPS of $11.44 on net income of $1.2 billion.
  • Key product sales: Libtayo net sales of $425 million; EYLEA HD net sales of $506 million (combined U.S. EYLEA franchise of $1.1 billion); DUPIXENT global net sales of $4.9 billion.
  • Generated $4.1 billion in free cash flow; cash and marketable securities less debt of $16.2 billion; returned $3.8 billion to shareholders (including $3.4 billion in share repurchases) and declared a quarterly dividend of $0.94 per share (annualized $3.76).
  • 2026 guidance: R&D spend of $5.9–6.1 billion; SG&A of $2.5–2.65 billion; gross margin 83–84%; capex $1.1–1.3 billion; effective tax rate 13–15%.
6 hours ago
Regeneron reports Q4 2025 earnings
REGN
Earnings
Guidance Update
Share Buyback
  • Q4 2025 total revenue was $3.9 billion, up 3% year-over-year; diluted EPS of $11.44 on net income of $1.2 billion.
  • Key product sales in Q4 2025: Dupixent $4.9 billion (+32% YoY), EYLEA HD US net sales $506 million (+66%), Libtayo $425 million (+13%).
  • Generated $4.1 billion free cash flow in 2025 and returned $3.8 billion to shareholders via $3.4 billion in share repurchases (with $1.5 billion remaining authorization) and a $0.94/share quarterly dividend.
  • 2026 guidance: R&D spend of $5.9–6.1 billion, SG&A $2.5–2.65 billion, gross margin 83–84%, CapEx $1.1–1.3 billion, and effective tax rate 13–15%.
  • Pipeline outlook includes at least four FDA approvals (three new molecular entities plus EYLEA HD prefilled syringe) and initiation of 18 Phase 3 studies (targeting ~35,000 patients).
6 hours ago
Regeneron reports Q4 2025 results
REGN
Earnings
  • Regeneron posted Q4 2025 total revenues of $3.9 B and non-GAAP EPS of $11.44.
  • Dupixent net sales of $4.9 B in 4Q25 (+32% YoY), with >1.4 M patients on therapy; approvals in CSU (EU) and pediatric asthma (Japan) broaden label.
  • LIBTAYO sales rose 13% YoY to $425 M in Q4, driven by adjuvant CSCC and NSCLC uptake.
  • Key pipeline milestones: sBLA priority review for AFRS (PDUFA Feb 2026), BLA submission for DB-OTO in genetic hearing loss (decision 1H 2026), garetosmab FOP submissions.
8 hours ago
Regeneron reports Q4 and full year 2025 results
REGN
Earnings
Dividends
Share Buyback
  • Achieved Q4 2025 revenues of $3.884 billion (+3% YoY) and full year 2025 revenues of $14.343 billion (+1%)
  • Dupixent global net sales rose 34% to $4.9 billion in Q4 and 26% to $17.8 billion for the full year
  • Posted GAAP EPS of $7.86 and non-GAAP EPS of $11.44 in Q4 2025
  • Returned capital with $3.5 billion of share repurchases in FY 2025 and declared a $0.94/share dividend payable March 5, 2026
9 hours ago
Regeneron reports Q4 and full year 2025 financial results
REGN
Earnings
Guidance Update
Share Buyback
  • Fourth quarter 2025 revenues increased 3% to $3.9 billion, and full year revenues rose 1% to $14.3 billion; Q4 GAAP EPS was $7.86 and non-GAAP EPS $11.44, while FY GAAP EPS was $41.48 and non-GAAP EPS $44.31
  • Dupixent global net sales reached $4.9 billion in Q4 (+34%) and $17.8 billion for the year (+26%); EYLEA HD U.S. net sales grew 66% to $506 million in Q4
  • The company repurchased $671 million of stock in Q4 and $3.5 billion in FY 2025, with $1.5 billion remaining under its buyback program
  • 2026 guidance includes GAAP R&D of $6.45 billion–$6.68 billion, GAAP gross margin on net product sales of 79%–80%, and capital expenditures of $1.1 billion–$1.3 billion
  • A cash dividend of $0.94 per share was declared, payable March 5, 2026
10 hours ago
Regeneron presents whole genome & exome sequencing market forecast
REGN
  • Global market to rise from USD 3.24 Billion in 2025 to USD 6.93 Billion by 2031 at a 13.5% CAGR
  • Expansion driven by reduced sequencing costs via high-throughput systems (e.g., Illumina shipped 352 NovaSeq X units in 2023) and large public programs (NIH’s All of Us released 245,388 genomes)
  • Regeneron’s genetics center sequenced its two millionth exome in 2024, illustrating rapid data growth in the industry
  • Key challenges include computational/storage bottlenecks and data governance issues: 54% of experts cite unstructured data and 48% note lack of metadata standardization
  • Market trends favor long-read sequencing (PacBio shipped 173 Revio systems in FY 2023) and increased adoption of whole exome sequencing in oncology (Guardant Health test volumes up 20% YoY to 46,900)
7 days ago
Regeneron presents 2026 pipeline and commercial updates at J.P. Morgan Conference
REGN
New Projects/Investments
Share Buyback
Dividends
  • Platform and pipeline: Regeneron’s proprietary platforms have yielded 45 clinical candidates across six therapeutic areas and 14 internally discovered approvals, averaging one approval per year over the past 15 years.
  • Eylea HD growth: In Q4 2025, U.S. net sales of Eylea HD were $506 million, up 66% YoY and 18% sequentially, with label expansion and an FDA filler decision expected in Q2 2026 to support further uptake.
  • Dupixent performance: Dupixent now treats over 1.3 million patients, with annualized global net sales exceeding $19 billion as of Q3 2025, growing 27% YoY.
  • Key upcoming readouts: Phase 3 data anticipated H1 2026 include the fianlimab + Libtayo melanoma trial , linvoseltamab’s broad MRD negativity in multiple myeloma , and pivotal cemdisiran + pozelimab results in PNH and myasthenia gravis.
  • Strategic investments and innovations: Regeneron plans $6 billion in R&D and $7 billion in capital investments for 2026; advancing novel programs such as an OLA + Praluent obesity combo, DB-OTO gene therapy for deafness, and Garetosumab for FOP with potential approvals in 2026.
Jan 12, 2026, 10:15 PM
Regeneron presents at 44th J.P. Morgan Healthcare Conference
REGN
New Projects/Investments
Share Buyback
Dividends
  • Regeneron highlighted its science-first, big data-driven strategy, leveraging proprietary platforms (VelocImmune, VelociAb) to support a pipeline of 45 clinical candidates across six therapeutic areas and 14 internally discovered approvals over the past 15 years.
  • In Q4 2025, the Retina franchise generated $1.1 billion in U.S. net sales (Eylea HD + Eylea), with Eylea HD at $506 million (+66% YoY, +18% QoQ), while Dupixent reached >1.3 million active patients and $19 billion annualized net sales.
  • The company plans $6 billion in R&D investment and $7 billion+ in U.S. capital expenditures for 2026, and returned $3.8 billion to shareholders in 2025 via share buybacks and the initiation of a dividend.
  • Key upcoming catalysts include pivotal readouts for the fianlimab + Libtayo melanoma combo, linvoseltamab monotherapy in first-line myeloma, cemdisiran/pozelimab in PNH and MG, Factor XI antibody anticoagulants, obesity therapy combinations, and data for gene therapy DB-OTO and Garetosumab in rare diseases.
Jan 12, 2026, 10:15 PM
Regeneron outlines pipeline and capital priorities at 44th Annual J.P. Morgan Healthcare Conference
REGN
Guidance Update
Share Buyback
Dividends
  • Regeneron reported Q4 2025 U.S. net sales of $1.1 B for EYLEA HD/EYLEA and Q3 2025 global net sales of $4.9 B for Dupixent, up 27% WW YOY.
  • The company expects ~$6 B in non-GAAP R&D spending for 2026, commits $7 B+ to U.S. manufacturing expansion, and returned $3.8 B to shareholders in 2025 via repurchases and dividends.
  • With 14 internally-discovered approvals and ~45 clinical programs across six core areas, Regeneron targets a $200 B annual market by 2030.
  • Key 2026 milestones include FDA decisions on the EYLEA HD pre-filled syringe (2Q26), cemdisiran±pozelimab GA interim results (2H26), and a gMG NDA submission (1Q26) with expected decision in 4Q26/1Q27.
Jan 12, 2026, 10:15 PM