
Ascendis Pharma A/S
HealthcareNASDAQ:ASND · NASDAQ Global Select
+$5.65 today
Vol 0.40M · Avg 0.64M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$867.5M of revenue converted into $506.6M of net income for the selected period. Gross margin is 87.5% and net margin is 47.1%, showing how much revenue survives after costs and taxes. EPS is $7.55, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $691.7M +90.2% | $363.6M +36.3% | $266.7M +421.2% | $51.2M +557.9% | $7.8M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $103.2M +133.1% | $44.3M -0.3% | $44.4M +265.8% | $12.1M +244.5% | $3.5M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $588.5M +84.3% | $319.4M +43.7% | $222.3M +469.5% | $39.0M +817.4% | $4.3M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 85.1% -2.7pp | 87.8% +4.5pp | 83.4% +7.1pp | 76.3% +21.6pp | 54.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $283.5M -7.7% | $307.0M -25.7% | $413.5M +8.9% | $379.6M +28.3% | $295.9M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $435.9M +53.2% | $284.5M +10.0% | $258.8M +19.9% | $215.8M +34.8% | $160.2M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $719.4M +20.3% | $598.1M -11.8% | $677.9M +12.8% | $600.9M +31.8% | $456.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $17.0M -4.0% | $17.7M -6.3% | $18.9M +8.0% | $17.5M +13.8% | $15.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$109.8M +62.1% | -$290.0M +29.5% | -$411.2M +22.3% | -$529.2M -45.1% | -$364.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -15.9% +63.9pp | -79.8% +74.4pp | -154.2% +879.9pp | -1034.1% +3654.0pp | -4688.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$130.9M +53.0% | -$278.8M +38.8% | -$455.5M +18.9% | -$561.8M -24.4% | -$451.8M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -18.9% +57.7pp | -76.7% +94.1pp | -170.8% +927.1pp | -1097.9% +4710.7pp | -5808.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $14.7M +2.3% | $14.4M -14.8% | $16.9M +127.0% | $7.4M +973.1% | $692.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $77.5M +18.3% | $65.5M +48.7% | $44.1M +43.6% | $30.7M +684.5% | $3.9M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$73.4M +22.3% | -$94.5M -407.9% | -$18.6M -16.2% | -$16.0M -123.6% | $67.8M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$204.3M +45.3% | -$373.2M +21.3% | -$474.1M +17.9% | -$577.8M -50.5% | -$383.9M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -29.5% +73.1pp | -102.6% +75.1pp | -177.8% +951.4pp | -1129.1% +3807.2pp | -4936.3% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $14.8M +205.1% | $4.8M -33.7% | $7.3M +35.8% | $5.4M +1565.1% | -$367.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | -$219.0M +42.1% | -$378.1M +21.5% | -$481.4M +17.4% | -$583.2M -52.0% | -$383.6M | $4.9B | $4.8B | $4.7B |
| Net Margin | -31.7% +72.3pp | -104.0% +76.5pp | -180.5% +959.1pp | -1139.6% +3791.9pp | -4931.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$4 +44.6% | -$7 +23.6% | -$9 +17.8% | -$10 -48.6% | -$7 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$4 +44.6% | -$7 +23.6% | -$9 +17.8% | -$10 -48.6% | -$7 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $60.6M +4.7% | $57.9M +2.9% | $56.3M +0.4% | $56.1M +2.4% | $54.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $60.6M +4.7% | $57.9M +2.9% | $56.3M +0.4% | $56.1M +2.4% | $54.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector

Revolution Medicines, Inc.
NASDAQ:RVMD
$32.70B

Roivant Sciences Ltd.
NASDAQ:ROIV
$21.79B

Moderna, Inc.
NASDAQ:MRNA
$19.99B

Guardant Health, Inc.
NASDAQ:GH
$17.25B

Exelixis, Inc.
NASDAQ:EXEL
$13.36B

BridgeBio Pharma, Inc.
NASDAQ:BBIO
$13.14B

Ionis Pharmaceuticals, Inc.
NASDAQ:IONS
$12.12B

Madrigal Pharmaceuticals, Inc.
NASDAQ:MDGL
$11.07B

BioMarin Pharmaceutical Inc.
NASDAQ:BMRN
$10.83B

Summit Therapeutics Inc.
NASDAQ:SMMT
$10.77B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does ASND generate?
Ascendis Pharma A/S (ASND) reported $691.71M of revenue in fiscal 2025.
Is ASND profitable?
Ascendis Pharma A/S (ASND) reported -$219,034,140.00 of net income, with a net margin of -31.7%.
Explore More
Continue the stock analysis
Jump to another research area for this company.