Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

HALOZYME THERAPEUTICS, INC.
Next earnings Aug 3, 2026 · consensus $1.85 EPS, $412M rev
Last earnings +3.6% on 2026-05-11
High-margin drug-delivery royalty engine growing revenue 38% at a reasonable 27x, but built on a levered, buyback-thinned balance sheet.
Sources: SEC EDGAR (CIK 0001159036, latest 10-Q filed 2026-05-11) · EODHD · analysis by claude-code · as of 6/21/2026, 8:52:30 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
The fundamentals carry the rating, but the price is rich (~41% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Halozyme monetizes its rHuPH20/ENHANZE subcutaneous drug-delivery platform through royalties and milestones from pharma partners. The economics are excellent: FY2025 revenue grew 37.6% to $1.40B at a 33.6% operating margin and 22.7% net margin, with operating cash flow up 36.0% to $652M on negligible capex of $6.97M. Revenue has compounded steadily from $443M in FY2021, reflecting growing partner-product sales that carry ENHANZE. This is a capital-light, high-return royalty model with structural durability as long as partnered products keep selling and new ENHANZE collaborations are signed.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $443M | $660M | $829M | $1.02B | $1.40B |
| Gross profit | — | — | — | — | — |
| Operating income | $276M | $268M | $338M | $551M | $469M |
| Net income | $403M | $202M | $282M | $444M | $317M |
| Diluted EPS | $2.74 | $1.44 | $2.10 | $3.43 | $2.56 |
| Net margin | 90.8% | 30.6% | 34.0% | 43.7% | 22.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1 buy · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1482 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 0 open-market buys · 22 sales
| 2026-06-12 | Snyder Mark Howard SVP, CHIEF LEGAL OFFICER | Exercise | 5.03K | |
| 2026-06-12 | Snyder Mark Howard SVP, CHIEF LEGAL OFFICER | Tax | 2.71K @ $69.50 | $189K |
| 2026-06-03 | Torley Helen PRESIDENT AND CEO | Exercise | 10.0K @ $12.07 | $121K |
| 2026-06-03 | Torley Helen PRESIDENT AND CEO | Sell | 400.00 @ $66.37 | $26.5K |
| 2026-06-03 | Torley Helen PRESIDENT AND CEO | Sell | 1.50K @ $67.68 | $102K |
| 2026-06-03 | Torley Helen PRESIDENT AND CEO | Sell | 2.00K @ $68.74 | $137K |
| 2026-06-03 | Torley Helen PRESIDENT AND CEO | Sell | 6.10K @ $69.69 | $425K |
| 2026-06-02 | Torley Helen PRESIDENT AND CEO | Exercise | 20.0K @ $12.07 | $241K |
| 2026-06-02 | Torley Helen PRESIDENT AND CEO | Sell | 16.6K @ $66.31 | $1.10M |
| 2026-06-02 | Torley Helen PRESIDENT AND CEO | Sell | 3.40K @ $66.75 | $227K |
| 2026-06-01 | Torley Helen PRESIDENT AND CEO | Exercise | 20.0K @ $12.07 | $241K |
| 2026-06-01 | Torley Helen PRESIDENT AND CEO | Sell | 1.61K @ $66.39 | $107K |