argenx SE (ARGX) Balance Sheet
ARGX balance sheet, 2025
December 31, 2025 · U.S. dollars$8.68B assets = $1.36B liabilities + $7.32B equity
Both columns are drawn to the same scale: what ARGX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ARGX financial health
Descriptive bands, not a rating. Fiscal 2025.
ARGX balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.20B2024 | $8.68B2025 | +40.0%/yr | |
| Total liabilities | $704.2M2024 | $1.36B2025 | +93.1%/yr | |
| Shareholders’ equity | $5.50B2024 | $7.32B2025 | +33.2%/yr | |
| Cash & short-term investments | $3.38B2024 | $4.44B2025 | +31.4%/yr | |
| Total debt | $39.1M2024 | $83.5M2025 | +113.8%/yr | |
| Net cash (debt) | $3.34B2024 | $4.36B2025 | +$1.0B | |
| Working capital | $4.21B2024 | $5.58B2025 | +$1.4B | |
| Book value per share | $84.362024 | $110.912025 | +31.5%/yr | |
| Current ratio | 7.292024 | 5.232025 | −2.06 | |
| Debt / equity | 0.012024 | 0.012025 | 0.00 | |
| Shares outstanding | 65.2M2024 | 66.0M2025 | +1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ARGX assets
ARGX liabilities and equity
ARGX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ARGX balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $4.44B | $3.38B |
| Cash & equivalents | $3.49B | $1.50B |
| Short-term investments | $948.8M | $1.88B |
| Receivables | $1.66B | $909.1M |
| Inventory | $473.5M | $407.2M |
| Other current assets | $328.5M | $187.9M |
| Total current assets | $6.90B | $4.88B |
| Property, plant & equipment (net) | $48.2M | $43.5M |
| Goodwill & intangible assets | $272.1M | $187.7M |
| Long-term investments | $50.5M | $49.7M |
| Other non-current assets | $1.41B | $1.04B |
| Total assets | $8.68B | $6.20B |
| Liabilities | ||
| Accounts payable | $1.27B | $342.2M |
| Short-term debt | $10.8M | $6.5M |
| Total current liabilities | $1.32B | $669.9M |
| Long-term debt | $0 | $0 |
| Lease obligations | $47.2M | $39.1M |
| Other long-term liabilities | $39.4M | $34.3M |
| Total liabilities | $1.36B | $704.2M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $7.4M | $7.0M |
| Retained earnings (deficit) | −$279.8M | −$1.57B |
| Accumulated other comprehensive income | $73.6M | $66.7M |
| Total shareholders' equity | $7.32B | $5.50B |
| Key figures | ||
| Total debt | $83.5M | $39.1M |
| Net cash (debt) | $4.36B | $3.34B |
| Working capital | $5.58B | $4.21B |
| Tangible book value | $7.05B | $5.31B |
| Book value per share | $110.91 | $84.36 |
| Shares outstanding | 66.0M | 65.2M |
| Current ratio | 5.23 | 7.29 |
| Quick ratio | 4.62 | 6.40 |
| Debt / equity | 0.01 | 0.01 |
| Equity / assets | 84.3% | 88.6% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $5.18B | $4.44B | $3.93B | $3.38B |
| Cash & equivalents | $3.58B | $3.49B | $2.09B | $1.50B |
| Short-term investments | $1.60B | $948.8M | $1.84B | $1.88B |
| Receivables | $1.94B | $1.66B | $1.20B | $909.1M |
| Inventory | $371.0M | $473.5M | $340.6M | $407.2M |
| Other current assets | $572.0M | $328.5M | $362.7M | $187.9M |
| Total current assets | $8.07B | $6.90B | $5.83B | $4.88B |
| Property, plant & equipment (net) | $52.0M | $48.2M | $45.8M | $43.5M |
| Goodwill & intangible assets | $266.0M | $272.1M | $219.0M | $187.7M |
| Long-term investments | $0 | $50.5M | $10.7M | $49.7M |
| Other non-current assets | $1.65B | $1.41B | $1.07B | $1.04B |
| Total assets | $10.03B | $8.68B | $7.18B | $6.20B |
| Liabilities | ||||
| Accounts payable | $718.0M | $1.27B | $532.0M | $342.2M |
| Short-term debt | $11.0M | $10.8M | $7.6M | $6.5M |
| Total current liabilities | $1.57B | $1.32B | $1.04B | $669.9M |
| Long-term debt | $0 | $0 | $0 | $0 |
| Lease obligations | $47.0M | $47.2M | $43.2M | $39.1M |
| Other long-term liabilities | $40.0M | $39.4M | $37.9M | $34.3M |
| Total liabilities | $1.61B | $1.36B | $1.08B | $704.2M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $7.0M | $7.4M | $7.3M | $7.0M |
| Retained earnings (deficit) | $558.0M | −$279.8M | −$1.16B | −$1.57B |
| Accumulated other comprehensive income | $1.54B | $73.6M | $78.2M | $66.7M |
| Total shareholders' equity | $8.42B | $7.32B | $6.10B | $5.50B |
| Key figures | ||||
| Total debt | $47.0M | $83.5M | $43.2M | $39.1M |
| Net cash (debt) | $5.14B | $4.36B | $3.89B | $3.34B |
| Working capital | $6.49B | $5.58B | $4.79B | $4.21B |
| Tangible book value | $8.15B | $7.05B | $5.88B | $5.31B |
| Book value per share | $130.68 | $110.63 | $92.85 | $77.49 |
| Shares outstanding | 64.4M | 66.2M | 65.7M | 71.0M |
| Current ratio | 5.12 | 5.23 | 5.60 | 7.29 |
| Quick ratio | 4.52 | 4.62 | 4.92 | 6.40 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 83.9% | 84.3% | 85.0% | 88.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 19, 2026); data from EODHD.
ARGX financial position
At the end of fiscal 2025 (December 31, 2025), argenx had total assets of $8.7 billion (up 40.0% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $7.3 billion. It held $4.4 billion in cash and short-term investments against $83.5 million of debt, a net cash position of $4.4 billion. Its current ratio was 5.23. In the latest quarter (ended June 30, 2026) total assets were $10.0 billion and equity $8.4 billion.
Related: ARGX income statement, ARGX cash flow statement, ARGX key metrics. See the ARGX stock overview for the latest quote and news.
ARGX balance sheet FAQ
What are argenx's total assets?
argenx reported total assets of $8.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.2 billion a year earlier.
How much debt does argenx have?
argenx had $83.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does argenx have?
argenx held $4.4 billion in cash and short-term investments at the end of fiscal 2025; with $83.5 million of debt that is net cash of $4.4 billion.
What is argenx's book value?
argenx's shareholders' equity (book value) was $7.3 billion at the end of fiscal 2025, or $110.91 per share.
What is argenx's current ratio?
argenx had current assets of $6.9 billion and current liabilities of $1.3 billion, a current ratio of 5.23 (it can cover its short-term obligations).
How much goodwill does argenx have?
argenx carried $272.1 million of goodwill and intangible assets, 3.1% of total assets, at the end of fiscal 2025.