Alnylam Pharmaceuticals, Inc. (ALNY) Balance Sheet
ALNY balance sheet, 2025
December 31, 2025 · U.S. dollars$4.97B assets = $4.18B liabilities + $789.2M equity
Both columns are drawn to the same scale: what ALNY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ALNY financial health
Descriptive bands, not a rating. Fiscal 2025.
ALNY balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.26B2016 | $4.97B2025 | +16.4%/yr | |
| Total liabilities | $342.6M2016 | $4.18B2025 | +32.0%/yr | |
| Shareholders’ equity | $920.2M2016 | $789.2M2025 | −1.7%/yr | |
| Cash & short-term investments | $942.6M2016 | $2.91B2025 | +13.3%/yr | |
| Total debt | $161.5M2016 | $1.28B2025 | +25.8%/yr | |
| Net cash (debt) | $781.1M2016 | $1.63B2025 | +$849.0M | |
| Working capital | $796.7M2016 | $2.58B2025 | +$1.8B | |
| Book value per share | $10.752016 | $5.862025 | −6.5%/yr | |
| Current ratio | 5.142016 | 2.762025 | −2.37 | |
| Debt / equity | 0.182016 | 1.622025 | +1.44 | |
| Shares outstanding | 85.6M2016 | 134.7M2025 | +5.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ALNY assets
ALNY liabilities and equity
ALNY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ALNY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.91B | $2.69B | $2.44B | $2.19B | $2.44B | $1.87B | $1.54B | $1.08B | $1.70B | $942.6M |
| Cash & equivalents | $1.66B | $966.4M | $812.7M | $866.4M | $820.0M | $496.6M | $547.2M | $420.1M | $645.4M | $193.6M |
| Short-term investments | $1.25B | $1.73B | $1.63B | $1.33B | $1.62B | $1.38B | $989.0M | $664.0M | $1.05B | $433.2M |
| Receivables | $777.6M | $405.3M | $327.8M | $238.0M | $198.6M | $602.4M | $43.0M | $18.8M | $34.0M | $23.3M |
| Inventory | $82.7M | $78.5M | $89.1M | $129.0M | $86.4M | $75.2M | $56.3M | $24.1M | $1 | $1 |
| Other current assets | $281.9M | $117.0M | $126.4M | $132.9M | $88.1M | $62.8M | $80.3M | $83.5M | $44.3M | $23.3M |
| Total current assets | $4.05B | $3.30B | $2.98B | $2.69B | $2.81B | $2.61B | $1.72B | $1.21B | $1.78B | $989.2M |
| Property, plant & equipment (net) | $708.1M | $693.9M | $725.8M | $738.6M | $733.6M | $706.5M | $646.4M | $320.7M | $181.9M | $114.6M |
| Goodwill & intangible assets | $593.7M | $0 | $697.8M | $264.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $14.8M | $0 | $13.9M | $324.8M |
| Other non-current assets | $0 | $250.8M | $0 | $0 | $101.1M | $85.8M | $18.1M | $44.8M | $16.1M | $0 |
| Total assets | $4.97B | $4.24B | $3.83B | $3.55B | $3.64B | $3.41B | $2.40B | $1.57B | $1.99B | $1.26B |
| Liabilities | ||||||||||
| Accounts payable | $115.7M | $88.4M | $55.5M | $98.1M | $73.4M | $52.0M | $49.9M | $59.7M | $28.4M | $54.5M |
| Short-term debt | $45.5M | $41.9M | $41.5M | $42.0M | $40.5M | $36.9M | $27.7M | $62.9M | $11.0M | $11.5M |
| Deferred revenue | $4.8M | $55.5M | $102.8M | $42.1M | $149.5M | $127.2M | $77.8M | $4.0M | $84.8M | $82.9M |
| Total current liabilities | $1.47B | $1.19B | $967.8M | $767.9M | $695.7M | $585.3M | $352.6M | $242.8M | $198.3M | $192.6M |
| Long-term debt | $1.01B | $1.02B | $1.02B | $1.02B | $675.7M | $191.3M | $0 | $30.0M | $30.0M | $150.0M |
| Lease obligations | $270.6M | $271.4M | $284.6M | $303.3M | $321.9M | $329.9M | $303.8M | — | — | — |
| Other long-term liabilities | $1.70B | $1.96B | $2.06B | $1.92B | $1.68B | $1.61B | $603.8M | $0 | $0 | $0 |
| Total liabilities | $4.18B | $4.17B | $4.05B | $3.70B | $3.06B | $2.39B | $956.4M | $272.8M | $228.3M | $342.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.2M | $1.2M | $1.2M | $1.1M | $1.0M | $997,000 | $859,000 |
| Retained earnings (deficit) | −$6.70B | −$7.29B | −$7.01B | −$6.57B | −$5.44B | −$4.59B | −$3.73B | −$2.84B | −$2.15B | −$1.66B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$20.1M | −$34.5M | −$23.4M | −$44.7M | −$33.3M | −$43.6M | −$36.5M | −$33.2M | −$34.4M | −$33.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $789.2M | $67.1M | −$220.6M | −$158.2M | $588.2M | $1.02B | $1.44B | $1.30B | $1.77B | $920.2M |
| Key figures | ||||||||||
| Total debt | $1.28B | $1.30B | $1.31B | $1.32B | $997.6M | $521.2M | $303.8M | $92.9M | $41.0M | $161.5M |
| Net cash (debt) | $1.63B | $1.40B | $1.13B | $872.2M | $1.44B | $1.35B | $1.23B | $990.1M | $1.66B | $781.1M |
| Working capital | $2.58B | $2.11B | $2.01B | $1.92B | $2.11B | $2.03B | $1.36B | $966.5M | $1.58B | $796.7M |
| Tangible book value | $195.5M | $67.1M | −$918.4M | −$422.8M | $588.2M | $1.02B | $1.44B | $1.30B | $1.77B | $920.2M |
| Book value per share | $5.86 | $0.53 | −$1.77 | −$1.30 | $4.97 | $8.84 | $13.17 | $12.94 | $19.51 | $10.75 |
| Shares outstanding | 134.7M | 127.7M | 124.9M | 121.7M | 118.5M | 115.0M | 109.3M | 100.6M | 90.6M | 85.6M |
| Current ratio | 2.76 | 2.78 | 3.08 | 3.51 | 4.04 | 4.47 | 4.87 | 4.98 | 8.99 | 5.14 |
| Quick ratio | 2.51 | 2.61 | 2.86 | 3.16 | 3.79 | 4.23 | 4.48 | 4.54 | 8.77 | 5.02 |
| Debt / equity | 1.62 | 19.32 | — | — | 1.70 | 0.51 | 0.21 | 0.07 | 0.02 | 0.18 |
| Equity / assets | 15.9% | 1.6% | −5.8% | −4.5% | 16.1% | 29.8% | 60.1% | 82.7% | 88.6% | 72.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.31B | $3.01B | $2.91B | $2.72B | $2.86B | $2.63B | $2.69B | $2.78B | $2.62B | $2.37B | $2.44B | $2.41B |
| Cash & equivalents | $1.71B | $1.71B | $1.66B | $1.49B | $1.11B | $1.02B | $966.4M | $1.10B | $968.5M | $681.9M | $812.7M | $1.03B |
| Short-term investments | $1.60B | $1.30B | $1.25B | $1.23B | $1.74B | $1.61B | $1.73B | $1.68B | $1.66B | $1.69B | $1.63B | $1.37B |
| Receivables | $912.7M | $884.0M | $777.6M | $964.8M | $567.1M | $418.0M | $405.3M | $353.9M | $309.5M | $321.4M | $327.8M | $325.4M |
| Inventory | $97.1M | $84.0M | $82.7M | $75.4M | $71.7M | $65.6M | $78.5M | $76.0M | $84.0M | $94.0M | $89.1M | $95.8M |
| Other current assets | $302.2M | $242.1M | $281.9M | $188.0M | $147.3M | $152.4M | $117.0M | $145.3M | $154.7M | $202.0M | $126.4M | $158.0M |
| Total current assets | $4.62B | $4.22B | $4.05B | $3.95B | $3.64B | $3.27B | $3.30B | $3.36B | $3.17B | $2.99B | $2.98B | $2.99B |
| Property, plant & equipment (net) | $737.5M | $707.6M | $708.1M | $693.1M | $692.2M | $695.9M | $693.9M | $703.4M | $715.5M | $718.9M | $725.8M | $729.1M |
| Goodwill & intangible assets | $0 | $0 | $593.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $697.8M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $201.1M | $202.7M | $0 | $205.7M | $230.1M | $249.6M | $250.8M | $146.2M | $121.3M | $116.9M | $0 | $124.5M |
| Total assets | $5.56B | $5.13B | $4.97B | $4.85B | $4.57B | $4.21B | $4.24B | $4.21B | $4.01B | $3.82B | $3.83B | $3.84B |
| Liabilities | ||||||||||||
| Accounts payable | $108.0M | $126.6M | $115.7M | $117.6M | $102.4M | $97.4M | $88.4M | $70.8M | $74.0M | $78.1M | $55.5M | $73.8M |
| Short-term debt | $45.9M | $45.7M | $45.5M | $44.8M | $46.1M | $46.0M | $41.9M | $42.1M | $41.7M | $41.7M | $41.5M | $41.5M |
| Deferred revenue | $4.0M | $3.2M | $4.8M | $2.5M | $15.1M | $28.2M | $55.5M | $71.0M | $69.0M | $76.8M | $102.8M | $77.1M |
| Total current liabilities | $1.51B | $1.35B | $1.47B | $1.56B | $1.30B | $1.08B | $1.19B | $1.22B | $1.06B | $941.7M | $967.8M | $949.8M |
| Long-term debt | $1.01B | $1.01B | $1.01B | $1.04B | $1.03B | $1.03B | $1.02B | $1.02B | $1.02B | $1.02B | $1.02B | $1.02B |
| Lease obligations | $256.4M | $263.7M | $270.6M | $268.2M | $270.5M | $276.1M | $271.4M | $278.2M | $281.0M | $279.5M | $284.6M | $289.2M |
| Other long-term liabilities | $1.68B | $1.70B | $1.70B | $2.02B | $1.99B | $2.00B | $1.96B | $1.93B | $1.93B | $2.08B | $2.06B | $2.04B |
| Total liabilities | $4.20B | $4.05B | $4.18B | $4.62B | $4.32B | $4.10B | $4.17B | $4.17B | $4.01B | $4.04B | $4.05B | $4.00B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Retained earnings (deficit) | −$6.33B | −$6.50B | −$6.70B | −$7.16B | −$7.41B | −$7.35B | −$7.29B | −$7.20B | −$7.09B | −$7.08B | −$7.01B | −$6.87B |
| Accumulated other comprehensive income | −$32.1M | −$24.9M | −$20.1M | −$21.8M | −$30.0M | −$37.5M | −$34.5M | −$24.8M | −$34.6M | −$27.0M | −$23.4M | −$32.3M |
| Total shareholders' equity | $1.35B | $1.08B | $789.2M | $233.9M | $250.6M | $115.4M | $67.1M | $32.4M | −$3.1M | −$219.3M | −$220.6M | −$165.9M |
| Key figures | ||||||||||||
| Total debt | $1.27B | $1.27B | $1.28B | $1.31B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.31B | $1.31B |
| Net cash (debt) | $2.04B | $1.74B | $1.63B | $1.42B | $1.56B | $1.33B | $1.40B | $1.48B | $1.32B | $1.07B | $1.13B | $1.10B |
| Working capital | $3.11B | $2.87B | $2.58B | $2.40B | $2.34B | $2.19B | $2.11B | $2.13B | $2.12B | $2.05B | $2.01B | $2.04B |
| Tangible book value | $1.35B | $1.08B | $195.5M | $233.9M | $250.6M | $115.4M | $67.1M | $32.4M | −$3.1M | −$219.3M | −$918.4M | −$165.9M |
| Book value per share | $9.79 | $7.78 | $5.79 | $1.70 | $1.93 | $0.89 | $0.52 | $0.25 | −$0.02 | −$1.74 | −$1.76 | −$1.26 |
| Shares outstanding | 138.2M | 138.2M | 136.3M | 137.3M | 129.7M | 129.7M | 128.6M | 128.6M | 126.7M | 126.1M | 125.6M | 131.3M |
| Current ratio | 3.05 | 3.13 | 2.76 | 2.54 | 2.80 | 3.04 | 2.78 | 2.75 | 3.01 | 3.17 | 3.08 | 3.14 |
| Quick ratio | 2.79 | 2.88 | 2.51 | 2.37 | 2.63 | 2.84 | 2.61 | 2.57 | 2.78 | 2.86 | 2.86 | 2.88 |
| Debt / equity | 0.94 | 1.18 | 1.62 | 5.59 | 5.18 | 11.28 | 19.32 | 40.24 | — | — | — | — |
| Equity / assets | 24.4% | 21.0% | 15.9% | 4.8% | 5.5% | 2.7% | 1.6% | 0.8% | −0.1% | −5.7% | −5.8% | −4.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
ALNY financial position
At the end of fiscal 2025 (December 31, 2025), Alnylam had total assets of $5.0 billion (up 17.1% from a year earlier), total liabilities of $4.2 billion and shareholders' equity of $789.2 million. It held $2.9 billion in cash and short-term investments against $1.3 billion of debt, a net cash position of $1.6 billion. Its current ratio was 2.76. In the latest quarter (ended June 30, 2026) total assets were $5.6 billion and equity $1.4 billion.
Related: ALNY income statement, ALNY cash flow statement, ALNY key metrics. See the ALNY stock overview for the latest quote and news.
ALNY balance sheet FAQ
What are Alnylam's total assets?
Alnylam reported total assets of $5.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.2 billion a year earlier.
How much debt does Alnylam have?
Alnylam had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.62.
How much cash does Alnylam have?
Alnylam held $2.9 billion in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net cash of $1.6 billion.
What is Alnylam's book value?
Alnylam's shareholders' equity (book value) was $789.2 million at the end of fiscal 2025, or $5.86 per share.
What is Alnylam's current ratio?
Alnylam had current assets of $4.1 billion and current liabilities of $1.5 billion, a current ratio of 2.76 (it can cover its short-term obligations).
How much goodwill does Alnylam have?
Alnylam carried $593.7 million of goodwill and intangible assets, 12.0% of total assets, at the end of fiscal 2025.