The Tip Desk

Annexon, Inc.

Company Stats

Market Cap
$801.9M
as of Sep 30, 2026
Shares Outstanding
189.6M
Free Float
90.0%

Income Statement

Operating Income
-$216.4M
Net Income
-$206.7M
EBITDA
-$214.2M

Cash Flow

Free Cash Flow
-$186.5M
FCF Yield
-23.3%
Owner FCF Yield
-25.3%

Balance Sheet

Cash & Equivalents
$162.1M

Returns & Capital

SBC, 3Y Avg
$18.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025—-$186.5M—
FY2024—-$118.0M—
FY2023—-$121.3M—
FY2022—-$122.8M—
FY2021—-$107.8M—

Annual filing data through FY ended December 31, 2025; shares and float as of October 12, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage