Halozyme Therapeutics, Inc. (HALO)

Halozyme Therapeutics, Inc., a biopharmaceutical company, researches, develops, and commercializes of proprietary enzymes and devices in the United States, Switzerland, Belgium, Japan, and internationally. The company's products are based on the patented recombinant human hyaluronidase enzyme (rHuPH20) that enables delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids. It offers Hylenex recombinant, a formulation of rHuPH20 that facilitates subcutaneous (SC) administration to enhance the dispersion and absorption of other injected drugs in SC urography and to enhance resorption of radiopaque agents; and XYOSTED, an injection for SC administration of testosterone replacement therapy. The company also provides Herceptin (trastuzumab) under the brand name Herceptin Hylecta; and Phesgo to treat breast cancer; Mabthera SC for chronic lymphocytic leukemia treatment; Tecentriq SC for IV infusion; Ocrevus SC for multiple sclerosis; HYQVIA to treat primary immunodeficiency disorders; DARZALEX to treat amyloidosis, and smoldering and multiple myeloma; epinephrine Injection to treat allergic reactions; nivolumab and relatlimab to treat metastatic or unresectable melanoma; teriparatide injections; ARGX-113; and ARGX-117 to treat severe autoimmune diseases in multifocal motor neuropathy. It has collaborations and licensing agreements with F. Hoffmann-La Roche, Ltd. and Hoffmann-La Roche, Inc.; Takeda Pharmaceuticals International AG and Baxalta US Inc.; Pfizer Inc.; Janssen Biotech, Inc.; AbbVie, Inc.; Eli Lilly and Company; Bristol Myers Squibb Company; argenx BVBA; ViiV Healthcare; Chugai Pharmaceutical Co., Ltd.; Acumen Pharmaceuticals, Inc.; Merus N.V.; and Skye Bioscience, Inc. The company was founded in 1998 and is headquartered in San Diego, California.

Ticker
HALO
Exchange
Nasdaq
Sector
Healthcare
Industry
Biotechnology
Market cap
$11.81B
52-week range
$61.23 - $134.00

Valuation

Share price
$103.63 (close of Nov 6, 2026)
P/E (TTM)
24.70x
Price to book
-213.75x
Price to free cash flow
13.33x
Enterprise value
$14.06B
Book value per share
$-0.48

Price performance

PeriodChange
1 day-15.72%
5 days-20.84%
1 month-5.55%
3 months+20.84%
6 months+56.19%
Year to date+53.98%
1 year+51.53%
3 years+193.90%
5 years+154.56%
10 years+1,124.94%
All time+2,338.35%

Short interest

As of
Oct 15, 2026
Short % of float
15.77%
Shares short
13.65M
Days to cover
6.16
Change since prior report
-10.73%
Source
FINRA consolidated short interest

Profitability and growth

Return on invested capital
14.56%
Return on assets
12.55%
Return on capital employed
19.97%
Gross margin
83.62%
Net margin
22.69%
EBITDA margin
34.40%
Revenue growth
37.55%
Net income growth
-28.64%
Free cash flow growth
37.62%

Cash flow and balance sheet

Free cash flow yield (TTM)
7.50%
Current ratio
3.88x
Net debt to EBITDA
2.90x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$1.40B
Cost of revenue
$228.77M
Gross profit
$1.17B
EBITDA
$480.39M
Net income
$316.89M
Earnings per share
$2.64
Research and development
$81.49M
Interest expense
$18.13M
Shares outstanding
119.84M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.40B$1.17B$316.89M$2.64
2024-12-31$1.02B$855.91M$444.09M$3.50
2023-12-31$829.25M$636.89M$281.59M$2.13
2022-12-31$660.12M$520.81M$202.13M$1.48
2021-12-31$443.31M$361.90M$402.71M$2.86
2020-12-31$267.59M$224.23M$129.09M$0.95
2019-12-31$195.99M$150.45M-$72.24M-$0.50
2018-12-31$151.86M$141.73M-$80.33M-$0.56
2017-12-31$316.61M$285.46M$62.97M$0.46
2016-12-31$146.69M$113.48M-$103.02M-$0.81

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3183.62%22.69%-14.56%
2024-12-3184.30%43.74%122.06%23.45%
2023-12-3176.80%33.96%-17.11%
2022-12-3178.90%30.62%119.04%13.17%
2021-12-3181.64%90.84%204.47%25.63%
2020-12-3183.79%48.24%85.46%26.04%
2019-12-3176.76%-36.86%-78.72%-13.50%
2018-12-3193.33%-52.90%-32.28%-18.47%
2017-12-3190.16%19.89%30.22%19.72%
2016-12-3177.36%-70.23%--45.19%

Cash and debt by year

Period endCashDebt
2025-12-31$133.82M$2.14B
2024-12-31$115.85M$1.51B
2023-12-31$118.37M$1.50B
2022-12-31$234.19M$1.49B
2021-12-31$118.72M$787.25M
2020-12-31$147.70M-
2019-12-31$421.26M$383.05M
2018-12-31$354.53M$34.87M
2017-12-31$469.21M$125.14M
2016-12-31$204.98M$199.23M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$644.59M$51.56M
2024-12-31$468.37M$43.38M
2023-12-31$373.28M$36.62M
2022-12-31$235.30M$24.40M
2021-12-31$297.98M$20.82M
2020-12-31$52.95M$17.20M
2019-12-31-$89.46M$34.78M
2018-12-31-$54.16M$35.70M
2017-12-31$132.70M$30.67M
2016-12-31-$53.52M$25.59M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026$2.17
2026-08-06Jun 2026$1.73
2026-05-11Mar 2026$1.46
2026-02-17Dec 2025$2.07
2025-11-03Sep 2025$1.54
2025-08-05Jun 2025$1.15
2025-05-06Mar 2025$0.89
2025-02-18Dec 2024$1.10

Filings and sources

Company website
halozyme.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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