$41.03
-0.073%Apellis Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases. The company's lead product candidate is pegcetacoplan that is in Phase III clinical trials for the treatment of geographic atrophy (GA) in age-related macular degeneration and paroxysmal nocturnal hemoglobinuria (PNH) diseases. It also develops EMPAVELI (systemic pegcetacoplan) for the treatment of cold agglutinin disease (CAD), and hematopoietic stem cell transplantation-associated thrombotic microangiopathy (HSCT-TMA) in hematology; C3 glomerulopathy (C3G), and immune complex membranoproliferative glomerulonephritis (IC-MPGN) in nephrology; and amyotrophic lateral sclerosis (ALS) in neurology. In addition, the company develops APL-2006, a bispecific C3 and VEGF inhibitor for treating complement-mediated disorders; APL-1030, a C3 inhibitor for the treatment of multiple neurodegenerative diseases; and the combination of EMPAVELI and a small interfering RNA, or siRNA for reducing the production of C3 proteins by the liver. It has a collaboration and license agreement with Swedish Orphan Biovitrum AB (publ) to co-develop pegcetacoplan; and a research collaboration with Beam Therapeutics Inc. focused on the use of Beam's base editing technology to discover new treatments for complement-driven diseases. Apellis Pharmaceuticals, Inc. was incorporated in 2009 and is based in Waltham, Massachusetts.
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Acceptable margins but limited operational leverage. Operating expense control is important.
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
APLS โข NASDAQ
| Apellis Pharmaceuticals, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||
1B | 781.4M | 396.6M | 75.4M | 66.6M | 250.6M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
GROSS PROFIT | |||||||||||||
(102.2M) | (117.7M) | (58.5M) | (5.6M) | (5.2M) | (25.1M) | (595.4K) | (127.9M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
901.5M | 663.6M | 338.1M | 69.8M | 61.4M | 225.6M | -595.4K | -127.9M | -50.8M | 0.0 | 0.0 | 0.0 | 0.0 | |
OPERATING INCOME | |||||||||||||
(846.1M) | (828.6M) | (855.2M) | (664.4M) | (597.6M) | (439.3M) | (287.4M) | (127.9M) | (50.8M) | (27.3M) | (20.1M) | (11.3M) | (4M) | |
(550.3M) | (501.1M) | (500.8M) | (277.2M) | (176.8M) | (139.4M) | (66.5M) | (22.6M) | (10.5M) | (4.3M) | (6.4M) | (2.9M) | (1.7M) | |
(295.9M) | (327.6M) | (354.4M) | (387.2M) | (420.9M) | (299.9M) | (221M) | (105.3M) | (40.3M) | (23M) | (13.7M) | (8.4M) | (2.3M) | |
55.4M | -165M | -517.1M | -594.6M | -536.3M | -213.7M | -288M | -127.9M | -50.8M | -27.3M | -46.6M | -11.3M | -4M | |
PRE-TAX INCOME | |||||||||||||
(44.3M) | (40.4M) | (29.6M) | (32.6M) | (13.2M) | (29.9M) | (5.3M) | (2.5M) | (96.9K) | (0.0) | (0.0) | (0.0) | (0.0) | |
-31.2M | -27.6M | -8.6M | -23.7M | -12.8M | -25.8M | -176K | 447.8K | -96.9K | 0.0 | 0.0 | 0.0 | 0.0 | |
(0.0) | (0.0) | (0.0) | -288K | (1.4M) | -501K | (0.0) | -111K | (11.5K) | (157.7K) | (6.3K) | (6.6K) | (6.3K) | |
-31.3M | -31.7M | -9.4M | -56.9M | -209.7M | -129.3M | -16.7M | 422.8K | -239K | 157.7K | 57.1K | 62.5K | 68K | |
24.1M | -196.7M | -526.5M | -651.5M | -746M | -343M | -304.7M | -127.5M | -51M | -27.1M | -46.5M | -11.2M | -4M | |
NET INCOME | |||||||||||||
(1.7M) | (1.2M) | (2.1M) | (669K) | (352K) | (1.8M) | (0.0) | -533K | (250.6K) | (0.0) | (0.0) | -443K | (0.0) | |
22.4M | -197.9M | -528.6M | -652.2M | -746.4M | -344.9M | -304.7M | -127.5M | -51M | -27.1M | -46.5M | -10.8M | -4M |
APLS - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 14, 2026 | May 14, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 04, 2026 | April 28, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | April 28, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 02, 2026 | February 27, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 24, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 12, 2026 | January 12, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 30, 2025 | September 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | July 31, 2025 | June 30, 2025 | 2025 |
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