Ultragenyx Pharmaceutical
Develops and commercializes therapies for serious rare and ultra-rare genetic diseases.
Something off on this page? Send us feedback.
Profile
Develops and commercializes approved therapies and product candidates for serious rare and ultra-rare genetic diseases. Its operating model combines patient and caregiver engagement with collaborations, acquisitions, and commercial execution.
Identifies, acquires, develops, and commercializes therapies for serious rare and ultra-rare genetic diseases with clear biology and high unmet need. The portfolio focuses on diseases where the biology is clear and unmet need is high. Its approved portfolio includes Mepsevii, Crysvita, and Dojolvi, alongside a broader product-candidate portfolio and patient and caregiver engagement that informs clinical protocol, endpoint, analysis, commercialization, and access approaches.
Founder Emil D. Kakkis has remained President and CEO since the 2010 formation, providing continuity through the public-market and commercial stages. Strategic collaborations and targeted acquisitions add capabilities, while product approvals and collaboration arrangements shape operations.
Company facts
Key statistics
Year to date +8.5% · Average volume (30d) 2.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | Wells Fargo | Target | $46 | $50 | |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Overweight | $67 | $74 |
| Aug 20, 2026 | Canaccord Genuity | Target | $111 | $83 | |
| Aug 20, 2026 | Wells Fargo | Reiterate | Overweight | $45 | $46 |
| Aug 4, 2026 | Guggenheim | Reiterate | Buy | $43 | $35 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$1.22 | −$0.90 | +26.2% | $183.1M | $214.0M | +16.9% | −3.41% |
| May 5, 2026Q1 FY26 | −$1.49 | −$1.84 | −23.7% | $158.2M | $136.0M | −14.0% | +3.68% |
| Feb 12, 2026Q4 FY25 | −$1.20 | −$1.29 | −7.5% | $198.6M | $207.0M | +4.2% | −12.68% |
| Nov 4, 2025Q3 FY25 | −$1.23 | −$1.81 | −47.2% | $199.8M | $159.9M | −19.9% | −1.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $139.3M | $166.5M | $159.9M | $207.0M | $136.0M | $214.0M | |
| Gross profit | $110.6M | $143.5M | $131.9M | $178.0M | $106.0M | $180.0M | |
| Operating income | −$142.9M | −$107.9M | −$170.9M | −$114.0M | −$169.0M | −$75.0M | |
| Net income | −$151.1M | −$115.0M | −$180.4M | −$129.0M | −$185.0M | −$92.0M | |
| Diluted EPS | −$1.57 | −$1.17 | −$1.81 | −$1.29 | −$1.84 | −$0.90 | |
| Gross margin | 79.4% | 86.2% | 82.5% | 86.0% | 77.9% | 84.1% | |
| Operating margin | -102.6% | -64.8% | -106.9% | -55.1% | -124.3% | -35.0% |
Fiscal years (4-quarter sums)FY21 $351.4M · FY22 $363.3M · FY23 $434.2M · FY24 $560.2M · FY25 $672.7M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $292.0M · Total debt $1.20B · Total assets $1.26B · Shareholders' equity −$291.0M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 98.49M · Float 94.61M · 96.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.65M | 10.82% | 13F | Aug 7, 2026 |
| RTW Investments, LP | 7.80M | 7.90% | 13G | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 6.79M | 6.89% | 13F | Aug 13, 2026 |
| AQR Capital Management, LLC | 6.56M | 6.66% | 13G | Aug 13, 2026 |
| State Street Corporation | 6.16M | 6.30% | 13G | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Howard Horn | officer: Chief Financial Officer | −4,696 | $24.92 |
| Aug 3, 2026 | Karah Herdman Parschauer | officer: EVP and Chief Legal Officer | −1,900 | $24.92 |
| Jul 1, 2026 | Howard Horn | officer: Chief Financial Officer | −4,698 | $33.13 |
| Jun 15, 2026 | Karah Herdman Parschauer | officer: EVP and Chief Legal Officer | −1,899 | $24.62 |
| Jun 15, 2026 | Corazon (Corsee) D. Sanders | director | −2,000 | $25.05 |
Peers
- BioMarin
Commercial rare-genetic-disease therapies and enzyme-replacement depth
- Amgen
Familial-lipid-disease therapy and large rare-disease portfolio
- PTC Therapeutics
Commercial and pipeline medicines for rare disorders
- Sarepta Therapeutics
Precision genetic medicine and gene-therapy programs for rare diseases
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ultragenyx Pharmaceutical | $25.68 | +0.27% | $2.52B | — | — | 3.5 | +28.5% |
| BioMarin | $64.67 | +0.02% | $12.50B | 165.8 | 10.4 | 3.7 | +19.9% |
| Amgen | $430.27 | −0.49% | $233.38B | 26.9 | 18.4 | 6.1 | +9.7% |
| PTC Therapeutics | $70.59 | +0.73% | $5.85B | — | 58.0 | 5.8 | +101.6% |
| Sarepta Therapeutics | $21.05 | +0.98% | $2.20B | — | 26.3 | 1.1 | −34.3% |
| Median | 96.3 | 22.4 | 4.7 | +14.8% |






