REGN Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), REGN reported revenue of $3.9B, gross profit of $3.3B (84.9% gross margin), operating income of $880M, and net income of $845M (21.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
REGN was profitable; revenue grew 3.5% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.5% | −42.2% | −17.1 pp |
Consensus estimate data is not available for this report.
REGN Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.9B | 100% |
| Cost of Revenue | −$585M | 15.1% |
| Gross Profit | $3.3B | 84.9% |
| Research & Development | −$1.6B | 41.9% |
| Selling, General & Administrative | −$775M | 20.0% |
| Other Operating Expenses | −$19M | 0.5% |
| Operating Income | $880M | 22.7% |
| Interest Expense | −$12M | 0.3% |
| Other Income, net | $176M | 4.5% |
| Income Tax Expense | −$199M | 5.1% |
| Net Income | $845M | 21.7% |
Source: original SEC filing (filed 2026-01-30). Accession 0000872589-26-000004. Data normalized by EarningsFyi.