AMICUS THERAPEUTICS, INC. (FOLD) FY2025 10-K Annual Report

Filed: Feb 20, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

AMICUS THERAPEUTICS, INC. (FOLD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 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.

AMICUS THERAPEUTICS, INC. FY2025 10-K Analysis

Business Overview

  • Core business: Global biotechnology company focused on developing transformative rare disease medicines including Fabry and Pompe disease therapies
  • New emphasis: Licensed exclusive U.S. commercialization rights to Phase 3 FSGS drug candidate DMX-200 in April 2025
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Management Discussion & Analysis

  • Revenue $634.2M, up $105.9M YoY from $528.3M driven by Galafold and Pombiliti+Opfolda growth plus $13.5M currency impact
  • Gross profit $561.3M vs $475.4M; cost of goods sold $72.9M vs $52.9M; operating loss narrowed with net loss $27.1M vs $56.1M
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Risk Factors

  • Regulatory risk: Pending merger requires Hart-Scott-Rodino Act antitrust approval and clearance from EU and Japanese authorities, risking delays or termination
  • Geopolitical risk: Transaction contingent on foreign direct investment approvals in European and Japanese markets, exposing reliance on international regulatory outcomes
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AMICUS THERAPEUTICS, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$634M

+20.0% YoY

Net Income

-$27M

+51.7% YoY

Gross Margin

88.5%

-148bp YoY

Operating Margin

5.2%

+46bp YoY

Net Margin

-4.3%

+635bp YoY

ROE

-9.9%

+1903bp YoY

Total Assets

$950M

+21.0% YoY

EPS (Diluted)

$-0.09

+50.0% YoY

Operating Cash Flow

$33M

+197.8% YoY

Source: XBRL data from AMICUS THERAPEUTICS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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