Regeneron (REGN) financials
Regeneron revenue and earnings by year
Regeneron's revenue was $14.3 billion in the fiscal year to December 31, 2025, up 1.0% from the year before. Net income was $4.50 billion, 31.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 12.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.3 | 14.2 | 13.1 | 12.2 | 16.1 | 8.5 | 6.6 | 5.1 | 5.9 | 4.9 |
| Revenue growth | 1.0% | 8.3% | 7.8% | -24.3% | 89.1% | 29.6% | 27.4% | -12.4% | 20.8% | — |
| Gross profit | 12.2 | 12.2 | 11.3 | 10.6 | 13.6 | 7.4 | 5.8 | 4.7 | 5.5 | 4.6 |
| Gross margin | 85.4% | 86.1% | 86.2% | 87.2% | 84.8% | 86.8% | 88.3% | 91.9% | 93.2% | 93.8% |
| Operating income | 3.6 | 4.0 | 4.0 | 4.7 | 8.9 | 3.6 | 2.2 | 2.5 | 2.1 | 1.3 |
| Operating margin | 24.9% | 28.1% | 30.9% | 38.9% | 55.7% | 42.1% | 33.7% | 49.3% | 35.4% | 27.4% |
| Net income | 4.5 | 4.4 | 4.0 | 4.3 | 8.1 | 3.5 | 2.1 | 2.4 | 1.2 | 0.9 |
| Net margin | 31.4% | 31.1% | 30.1% | 35.6% | 50.2% | 41.3% | 32.3% | 47.5% | 20.4% | 18.4% |
| Diluted EPS | $41.48 | $38.34 | $34.77 | $38.22 | $71.97 | $30.67 | $18.46 | $21.30 | $10.32 | $7.74 |
| Free cash flow | 4.1 | 3.7 | 3.9 | 4.4 | 6.5 | 2.0 | 2.0 | 1.8 | 1.0 | 1.0 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open REGN in Markets.
How Regeneron makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Collaboration Revenue | $2.46B | 57.2% |
| Product | $1.64B | 38.3% |
| Product & Service Other | $193M | 4.5% |
See also: REGN valuation and P/E history · REGN returns
No forecast, no recommendation. This page describes Regeneron from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.