Annexon (ANNX) EBITDA (2019 - 2026)

Annexon's (ANNX) quarterly EBITDA came in at -$46.1 million in Q1 2026, up 19.78% year-on-year from -$38.4 million in Q1 2025, and up 8.37% quarter-over-quarter from -$50.3 million in Q4 2025.

Annexon (ANNX) EBITDA (2019 - 2026) Analysis & Trends

Annexon's EBITDA history runs 8 years deep, the most recent figure standing at -$46.1 million for Q1 2026.

  • On a quarterly basis, EBITDA rose 19.78% year-over-year to -$46.1 million in Q1 2026; TTM through Mar 2026 was -$205.1 million, a 12.11% decrease from a year earlier, with the FY2025 full-year figure at -$216.4 million, down 40.46% from the prior year.
  • EBITDA improved to -$46.1 million in Q1 2026 per ANNX's latest filing, from -$50.3 million in the prior quarter.
  • Across five years, EBITDA topped out at -$28.6 million in Q1 2024 and bottomed at -$57.4 million in Q1 2025.
  • The 5-year median for EBITDA is -$37.7 million (2023), against an average of -$41.5 million.
  • Across the five-year window, EBITDA soared 30.72% in 2024 and plunged 100.91% in 2025, its largest moves.
  • Year by year, EBITDA stood at -$36.7 million in 2022, then rose by 18.22% to -$30.0 million in 2023, then tumbled by 74.88% to -$52.5 million in 2024, then climbed by 4.23% to -$50.3 million in 2025, then grew by 8.37% to -$46.1 million in 2026.
  • Per Business Quant, the three latest ANNX EBITDA figures stand at -$46.1 million (Q1 2026), -$50.3 million (Q4 2025), and -$57.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -27.75 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 249.90 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 61.40 Bn 61.40 Bn - -32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 394.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - -445.22 Mn
10 Annexon 1.02 Bn 798.41 Mn - -46.05 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -46.05 Mn
Dec 31, 2025 -50.26 Mn
Sep 30, 2025 -57.02 Mn
Jun 30, 2025 -51.73 Mn
Mar 31, 2025 -57.41 Mn
Dec 31, 2024 -52.48 Mn
Sep 30, 2024 -39.44 Mn
Jun 30, 2024 -33.58 Mn
Mar 31, 2024 -28.57 Mn
Dec 31, 2023 -30.01 Mn
Sep 30, 2023 -34.78 Mn
Jun 30, 2023 -37.69 Mn
Mar 31, 2023 -41.24 Mn
Dec 31, 2022 -36.70 Mn
Sep 30, 2022 -36.07 Mn
Jun 30, 2022 -37.41 Mn
Mar 31, 2022 -35.43 Mn
Dec 31, 2021 -37.46 Mn
Sep 30, 2021 -35.68 Mn
Jun 30, 2021 -31.37 Mn