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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.

Salveen Richter

Salveen Richter

Goldman Sachs

9 questions for REGN

Also covers: ACAD, AGIO, ALLO +21 more
TV

Tyler Van Buren

TD Cowen

9 questions for REGN

Also covers: ADVM, ALLO, ARGX +13 more
Akash Tewari

Akash Tewari

Jefferies

8 questions for REGN

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

Evan Seigerman

BMO Capital Markets

8 questions for REGN

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

Terence Flynn

Morgan Stanley

8 questions for REGN

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

Alexandria Hammond

Wolfe Research

7 questions for REGN

Also covers: ABBV, AMGN, BIIB +7 more
Brian Abrahams

Brian Abrahams

RBC Capital Markets

7 questions for REGN

Also covers: ACAD, ATAI, BCRX +19 more
DR

David Risinger

Leerink Partners

7 questions for REGN

Also covers: ABBV, AMGN, BMY +10 more
CL

Carter L. Gould

Barclays

6 questions for REGN

Also covers: ABBV, ALEC, AMGN +8 more
Cory Kasimov

Cory Kasimov

Evercore ISI

6 questions for REGN

Also covers: ALNY, BBIO, BMRN +7 more
CS

Christopher Schott

JPMorgan Chase & Co.

5 questions for REGN

Also covers: ABBV, AMGN, AMRX +15 more
Geoff Meacham

Geoff Meacham

Citigroup Inc.

4 questions for REGN

Also covers: ABBV, AMGN, BMY +11 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, BEAM +3 more
CR

Chris Raymond

Raymond James

2 questions for REGN

Also covers: BMRN
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

Tazeen Ahmad

Bank of America

2 questions for REGN

Also covers: ACAD, ALNY, APLS +22 more
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 receives CHMP positive opinion for pediatric Dupixent in CSU
REGN
Product Launch
  • The EMA’s CHMP adopted a positive opinion recommending approval of Dupixent for children aged 2 to 11 years with moderate-to-severe chronic spontaneous urticaria inadequately controlled by H1 antihistamines in the EU.
  • This recommendation is based on data from the LIBERTY-CUPID clinical program, including two Phase 3 trials in 6- to 11-year-olds and the CUPIDKids trial in 2- to 11-year-olds with CSU.
  • A final decision by the European Commission is expected in the coming months.
  • In the U.S., a supplemental BLA for Dupixent in this pediatric CSU population has been accepted, with an FDA decision due by April 2026.
12 hours ago
Kiniksa reports Q4 and full year 2025 financial results
REGN
Earnings
Guidance Update
New Projects/Investments
  • ARCALYST net product revenue of $202.1 million in Q4 and $677.6 million for full year 2025; 2026 guidance of $900–920 million.
  • Net income of $14.2 million in Q4 vs. a net loss of $8.9 million in Q4 2024; $59.0 million net income for full year vs. a $43.2 million loss in 2024.
  • Cash, cash equivalents and short-term investments increased by $170.4 million to $414.1 million as of Dec 31, 2025, with no debt.
  • Clinical pipeline progress: KPL-387 Phase 2 recurrent pericarditis data expected in 2H 2026; KPL-1161 Phase 1 trial planned by end 2026.
4 days ago
Regeneron obtains FDA priority review for garetosmab BLA in FOP
REGN
Product Launch
  • The FDA accepted Regeneron’s Biologics License Application for garetosmab to treat fibrodysplasia ossificans progressiva (FOP) and granted Priority Review, with a target action date in August 2026.
  • If approved, garetosmab would be the first therapy shown to reduce the number and volume of new heterotopic bone lesions in adults with FOP.
  • In the Phase 3 OPTIMA trial, the 3 mg/kg dose achieved a 94% reduction in new lesions and the 10 mg/kg dose a 90% reduction versus placebo; both doses showed over 99% reduction in lesion volume at 56 weeks.
  • Safety data at 56 weeks reported serious treatment-emergent adverse events in 1 patient (3 mg/kg), 2 patients (10 mg/kg), and 2 placebo patients; common adverse reactions (≥30%) were epistaxis, increased hair growth, abscess, and acne.
Feb 19, 2026, 12:00 PM
Regeneron presents expanded immunology portfolio at AAAAI
REGN
  • Regeneron will present 36 abstracts on its immunology and inflammation portfolio and pipeline at the 2026 AAAAI Annual Meeting, including first-time Phase 3 data for novel cat and birch allergen-blocking antibodies.
  • Separate Phase 3 “ocular challenge” trials targeting FelD1 (cat) and BetV1 (birch) demonstrated reduced ocular itch, conjunctival redness and skin prick reactivity versus placebo, with additional registration-enabling studies starting this year.
  • New Dupixent® (dupilumab) analyses will highlight its clinical and real-world impact across dermatological, respiratory and gastrointestinal diseases, including IgE-mediated food allergy sensitization in children with atopic dermatitis.
  • Late-breaking data from the Phase 3 AIMS trial in allergic fungal rhinosinusitis supported a supplemental BLA in the U.S., currently under Priority Review with a target action date of February 28, 2026.
Feb 10, 2026, 12:00 PM
Regeneron presents EYLEA HD clinical data at Angiogenesis 2026
REGN
  • Regeneron will showcase new Phase 3 results for EYLEA HD (aflibercept 8 mg) at the Angiogenesis meeting on February 7, 2026, highlighting its unparalleled durability and comparable efficacy/safety to EYLEA 2 mg with fewer injections.
  • Data from the QUASAR trial will include final long-term outcomes through 64 weeks, confirming the first every-two-month treatment option for RVO patients who previously required monthly injections.
  • ELARA Phase 3b interim data will be presented, showing that patients switched to monthly EYLEA HD from other anti-VEGF therapies experienced improved visual acuity and better anatomic control.
Feb 2, 2026, 12:00 PM
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%.
Jan 30, 2026, 1:30 PM
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.
Jan 30, 2026, 1:30 PM
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).
Jan 30, 2026, 1:30 PM
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.
Jan 30, 2026, 1:30 PM
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
Jan 30, 2026, 11:51 AM