Ultragenyx Pharmaceutical Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
RARE$16.41+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Product sales | $369 | $285 | $180 |
| Royalty revenue | 304 | 275 | 183 |
| Collaboration and license | — | — | 71 |
| Total revenues | 673 | 560 | 434 |
| Operating expenses: | |||
| Cost of sales | 109 | 77 | 45 |
| Research and development | 750 | 698 | 648 |
| Selling, general and administrative | 349 | 321 | 310 |
| Total operating expenses | 1,208 | 1,096 | 1,003 |
| Loss from operations | (535) | (536) | (569) |
| Interest income | 25 | 37 | 27 |
| Non-cash interest expense on liabilities for sales of future royalties | (62) | (63) | (66) |
| Other income (expense) | 1 | (5) | (1) |
| Loss before income taxes | (571) | (567) | (609) |
| (Provision for) benefit from income taxes | (4) | (2) | 2 |
| Net loss | $(575) | $(569) | $(607) |
| Net loss per share, basic and diluted | $(5.83) | $(6.29) | $(8.25) |
| Shares used in computing net loss per share, basic and diluted | 98.6 | 90.5 | 73.5 |
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