Alnylam Pharmaceuticals (ALNY) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

Alnylam Pharmaceuticals (ALNY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Alnylam Pharmaceuticals FY2025 10-K Analysis

Business Overview

  • Achieved first profitability in 2025 with net product revenues approx. $3.0B, primarily from TTR franchise growth
  • Initiated Phase 3 trials in 2025 for nucresiran (next-gen TTR silencer) and zilebesiran (hypertension), emphasizing late-stage pipeline expansion
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Risk Factors

  • Regulatory risk from U.S. drug price control measures, Medicare/Medicaid reimbursement changes potentially reducing AMVUTTRA net price
  • Geopolitical exposure to foreign currency fluctuations in Japanese yen, Euro, and British pound affecting revenues and expenses
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Alnylam Pharmaceuticals FY2025 Key Financial Metrics
XBRL

Revenue

$3.7B

+65.2% YoY

Net Income

$314M

+212.8% YoY

Operating Margin

13.5%

+2137bp YoY

Net Margin

8.4%

+2082bp YoY

ROE

39.8%

+45437bp YoY

Total Assets

$5.0B

+17.1% YoY

EPS (Diluted)

$2.33

+206.9% YoY

Operating Cash Flow

$524M

+6405.1% YoY

Source: XBRL data from Alnylam Pharmaceuticals FY2025 10-K filing on SEC EDGAR. All figures in USD.

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