Financial health
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
ANNX Financials Annexon, Inc.
7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | -$207M | — | — | -97.7% | -74.5% | -$186M | — | $162M |
| 2024 | — | -$138M | — | — | -47.2% | -39.5% | -$118M | — | $49M |
| 2023 | — | -$134M | — | — | -53.6% | -45.1% | -$121M | — | $225M |
| 2022 | — | -$142M | — | — | -61.4% | -49.8% | -$123M | — | $140M |
| 2021 | — | -$130M | — | — | -56.2% | -45.4% | -$108M | — | $75M |
| 2020 | — | -$63M | — | — | -18.4% | -17.8% | -$54M | — | $269M |
| 2019 | — | -$37M | — | — | 37.0% | -74.5% | -$29M | — | $44M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | -$55M | — | — | -29.7% | -22.5% | -$48M | — | $199M |
| Mar '26 | — | -$44M | — | — | -21.6% | -16.8% | -$47M | — | $175M |
| Dec '25 | — | -$48M | — | — | -22.8% | -17.4% | -$46M | — | $162M |
| Sep '25 | — | -$55M | — | — | -34.0% | -24.0% | -$52M | — | $139M |
| Jun '25 | — | -$49M | — | — | -24.7% | -18.6% | -$38M | — | $132M |
| Mar '25 | — | -$54M | — | — | -22.3% | -17.9% | -$50M | — | $97M |
| Dec '24 | — | -$49M | — | — | -16.6% | -13.9% | -$36M | — | $49M |
| Sep '24 | — | -$35M | — | — | -10.5% | -9.2% | — | — | $80M |
| Jun '24 | — | -$30M | — | — | -8.2% | -7.3% | — | — | $157M |
| Mar '24 | — | -$25M | — | — | -9.6% | -8.3% | — | — | $152M |
| Dec '23 | — | -$28M | — | — | -11.1% | -9.4% | -$23M | — | $225M |
| Sep '23 | — | -$32M | — | — | -20.7% | -15.9% | -$28M | — | $133M |
| Jun '23 | — | -$35M | — | — | -19.0% | -15.1% | -$36M | — | $114M |
| Mar '23 | — | -$39M | — | — | -18.0% | -14.4% | -$33M | — | $144M |
| Dec '22 | — | -$34M | — | — | -14.9% | -12.1% | -$27M | — | $140M |
| Sep '22 | — | -$35M | — | — | -13.5% | -11.2% | -$31M | — | $211M |
| Jun '22 | — | -$37M | — | — | -22.1% | -16.8% | -$29M | — | $105M |
| Mar '22 | — | -$35M | — | — | -17.6% | -14.1% | -$36M | — | $113M |
| Dec '21 | — | -$37M | — | — | -16.1% | -13.0% | -$29M | — | $75M |
| Sep '21 | — | -$36M | — | — | -13.5% | -11.5% | -$30M | — | $69M |
Frequently asked questions
Is ANNX growing its revenue and profit?
See the revenue and net-income charts above for Annexon, Inc.'s multi-year trend.
How much debt does ANNX have?
As of FY2025, Annexon, Inc. reported — of total debt against $162M of cash.
What is ANNX's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.