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Argenx is a Dutch biopharmaceutical company focused on developing antibody-based therapies for rare autoimmune diseases. The company’s lead product, Vyvgart (efgartigimod), was approved by the FDA in December 2021 for the treatment of generalized myasthenia gravis (gMG). In 2022, Argenx also received FDA approval for Vyvgart Hytrulo, a subcutaneous formulation of Vyvgart, offering a more convenient option compared with Vyvgart’s intravenous administration. In 2024, the FDA approved Vyvgart Hytrulo for Chronic Inflammatory Demyelinating Polyneuropathy, a rare immune-mediated neuromuscular disorder of the peripheral nervous system. Argenx is focused on innovation and developing its pipeline for treatments such as primary immune thrombocytopenia, thyroid eye disease, and Sjogren's Disease.
2008
2.4K+
LTM Revenue $2.7B
LTM EBITDA $236M
$31.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
argenx has a last 12-month revenue of $2.7B and a last 12-month EBITDA of $236M.
In the most recent fiscal year, argenx achieved revenue of $2.4B and an EBITDA of $113M.
argenx expects next 12-month revenue of XXX and NTM EBITDA of XXX
See argenx valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.3B | $2.4B | XXX | XXX | XXX |
| Gross Profit | $410M | $1.2B | XXX | XXX | XXX |
| Gross Margin | 31% | 51% | XXX | XXX | XXX |
| EBITDA | -$207M | $113M | XXX | XXX | XXX |
| EBITDA Margin | -16% | 5% | XXX | XXX | XXX |
| Net Profit | -$762M | -$317M | XXX | XXX | XXX |
| Net Margin | -58% | -13% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, argenx's stock price is EUR 527 (or $566).
argenx has current market cap of EUR 32.2B (or $34.6B), and EV of EUR 29.2B (or $31.4B).
See argenx trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $31.4B | $34.6B | XXX | XXX | XXX | XXX | $12.70 |
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Sign UpAs of April 15, 2025, argenx has market cap of $34.6B and EV of $31.4B.
argenx's trades at 11.8x LTM EV/Revenue multiple, and 132.9x LTM EBITDA.
Analysts estimate argenx's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for argenx and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $31.4B | XXX | XXX | XXX |
| EV/Revenue | 13.3x | XXX | XXX | XXX |
| EV/EBITDA | 277.9x | XXX | XXX | XXX |
| P/E | 38.6x | XXX | XXX | XXX |
| P/E/Growth | 2.0x | XXX | XXX | XXX |
| EV/FCF | -193.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign Upargenx's NTM/LTM revenue growth is 42%
argenx's revenue per employee for the last fiscal year averaged $1.0M, while opex per employee averaged $0.9M for the same period.
Over next 12 months, argenx's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate argenx's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for argenx and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 79% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -155% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 47% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.0M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.9M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 34% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 45% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 90% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Julphar | XXX | XXX | XXX | XXX | XXX | XXX |
| Benevolent AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Galapagos | XXX | XXX | XXX | XXX | XXX | XXX |
| Pharming | XXX | XXX | XXX | XXX | XXX | XXX |
| Vivoryon Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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argenx acquired XXX companies to date.
Last acquisition by argenx was XXXXXXXX, XXXXX XXXXX XXXXXX . argenx acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was argenx founded? | argenx was founded in 2008. |
| Where is argenx headquartered? | argenx is headquartered in Belgium. |
| How many employees does argenx have? | As of today, argenx has 2.4K+ employees. |
| Who is the CEO of argenx? | argenx's CEO is Mr. Tim Van Hauwermeiren, M. Sc.. |
| Is argenx publicy listed? | Yes, argenx is a public company listed on BRU. |
| What is the stock symbol of argenx? | argenx trades under ARGX ticker. |
| When did argenx go public? | argenx went public in 2014. |
| Who are competitors of argenx? | Similar companies to argenx include e.g. Julphar, Benevolent AI, Galapagos, Pharming. |
| What is the current market cap of argenx? | argenx's current market cap is $34.6B |
| What is the current revenue of argenx? | argenx's last 12-month revenue is $2.7B. |
| What is the current EBITDA of argenx? | argenx's last 12-month EBITDA is $236M. |
| What is the current EV/Revenue multiple of argenx? | Current revenue multiple of argenx is 11.8x. |
| What is the current EV/EBITDA multiple of argenx? | Current EBITDA multiple of argenx is 132.9x. |
| What is the current revenue growth of argenx? | argenx revenue growth between 2023 and 2024 was 79%. |
| Is argenx profitable? | Yes, argenx is EBITDA-positive (as of the last 12 months). |
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