Apellis Pharmaceuticals, Inc.

Apellis Pharmaceuticals, Inc.

APLSยทNASDAQ

$41.03

-0.073%
HealthcareBiotechnology

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.

At a Glance

Live Snapshot
Market Cap$5.25B
EPS0.1800
P/E Ratio227.94
Earnings Date07/30/2026
3Y+1231.0%
5Y+300.0%
10Y-
3Y-103.0%
5Y-106.0%
10Y-183.0%
3Y-109.0%
5Y-128.0%
10Y-274.0%
Apellis Pharmaceuticals, Inc.

Apellis Pharmaceuticals, Inc. Profit Bridge

APLS ยท NASDAQ
Revenue1.00B
Cost of Goods Sold (102.24M)
Gross Profit901.55M
Operating Expenses (846.12M)
Operating Income55.43M
Interest Expense (44.33M)
Other Income/Expense-31.32M
Pretax Income24.11M
Income Tax (1.72M)
Net Income22.39M
Net Income
22.39M

Profitability Analysis

Gross Margin

89.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

5.5%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

2.2%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

7.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Apellis Pharmaceuticals, Inc. Income Statement

APLS โ€ข NASDAQ

Apellis Pharmaceuticals, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 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

SEC Filings

APLS - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
Showing 1 to 10 of 125 filings