HALO
Halozyme Therapeutics, Inc.64.47
+1.02+1.61%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms momentum, extends J&J outlook
Q&A largely reaffirmed prepared remarks on ENHANZE blockbusters and new tech ramps, but management expects to extend the DARZALEX deal with J&J beyond 2032 via ongoing ENHANZE supply. Hypercon remains on track for two Phase I starts by end-2026, with clinicaltrials.gov signaling partners and designs. ADC subcu path follows PK non-inferiority for approved conversions, enabling IV-free regimens. Litigation notes separate IPR from Merck infringement. Auto-injectors draw current-partner interest. Confident tone persists; watch Hypercon milestones.
Key Stats
Market Cap
7.58BP/E (TTM)
13.60Basic EPS (TTM)
4.74Dividend Yield
0%Recent Filings
8-K
Ramsay named Interim CFO
10-K
FY2025 results
Halozyme Therapeutics delivered FY2025 results with royalties surging 52% y/y to $867.8M, driven by 29% growth in DARZALEX FASPRO, 444% in VYVGART Hytrulo, and 51% in Phesgo, reflecting strong ENHANZE partner uptake despite price erosion on earlier products like Herceptin. Total revenues climbed 24% to $1.4B, fueled by 54% y/y bulk rHuPH20 sales and 17% proprietary product growth, while product sales netted $376.4M. Q4 momentum shone through new approvals including Janssen's RYBREVANT FASPRO and DARZALEX FASPRO expansions, Roche's target nomination, and Takeda's ENTYVIO deal, alongside acquisitions of Elektrofi and Surf Bio bolstering the pipeline. Year-end debt stood at $2.1B across convertible notes, with $750M revolver undrawn and $142.8M in cash; $750M buyback authorization saw $657.7M deployed. No annual guidance disclosed in the 10-K. Patent challenges from Merck threaten ENHANZE momentum.
8-K
Record $1.4B revenue, strong guidance
Halozyme reported record 2025 revenue of $1.397 billion, up 38% YoY, with royalties surging 52% to $868 million from ENHANZE blockbusters. Acquisitions of Elektrofi's Hypercon and Surf Bio's hyperconcentration tech expand its drug delivery portfolio into the mid-2040s. Reiterates 2026 guidance: $1.710-$1.810 billion revenue, $1.125-$1.205 billion adjusted EBITDA. Q4 net loss stemmed from $285 million Surf Bio IPR&D charge.
8-K
Raises 2025/2026 guidance, buys Surf Bio
Halozyme raised preliminary 2025 revenue estimates to $1,385-$1,400 million (36-38% YoY growth) and boosted 2026 guidance to $1,710-$1,810 million total revenue, with royalties hitting $1,130-$1,170 million (30-35% growth). It acquired Surf Bio in December 2025 for $300 million upfront plus up to $100 million milestones, adding hyperconcentration tech with IP to mid-2040s. Momentum builds fast.
8-K
CEO gets $10M stock grant
Halozyme Therapeutics granted CEO Dr. Helen Torley a one-time PSU worth $10 million fair value on December 4, 2025, vesting up to 200% of target shares if stock averages hit $115–$170 over 20-day periods in four years—yet only if she stays through the fourth anniversary. Aimed at retention amid key growth phase. Payouts hinge on sustained stock gains.
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