Pharmaceutical Preparations · SIC 2834

Annexon, Inc.

ANNX

Watch

Latest revenue

as of 2025-12-31

Latest net income

$-206.7M

as of 2025-12-31

Net margin

as of 2025-12-31

6.4
of 10

ActaClear Score

Above avg
#283 of 528 in Pharmaceutical Preparations
new
Profitability·25%
4.5
Growth·15%
Value·20%
6.8
Quality·20%
Momentum·20%
8.4

Computed from 5 years of SEC fundamentals + latest market data, ranked within Pharmaceutical Preparations (528 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.

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Price · 5Y

+11.3% / yr 8.4 pts / yr vs S&P 500 53.3% total
Compare:

Live market

delayed ≤15 min
$5.29
Market cap
$203.8M
Enterprise value
$28.6M
P/E (trailing)
Forward P/E
P/B
1.00×
Dividend yield
0.0%
52-wk high
$7.18
52-wk low
$1.85
Beta
Shares out
38.6M

5-year trend

What this company does

AI

Item 1. Business. In this Annual Report on Form 10-K, “we,” “our,” “us,” “Annexon” and the “Company” refer to Annexon, Inc. and its consolidated subsidiary. Annexon, Annexon, Inc., the Annexon logo and other trade names, trademarks or service marks of Annexon are the property of Annexon, Inc. This report contains references to our trademarks and to trademarks belonging to other entities. Trade names, trademarks and service marks of other companies appearing in this report are the property of their respective holders. We do not intend our use or display of other companies’ trade names or trademarks to imply a relationship with, or endorsement or sponsorship of us by, any other companies.…

AI summary unavailable — showing raw filing excerpt

Generated from ANNX's filing dated 2026-03-30

Key risks

AI

Item 1A. Risk Factors. Our business involves significant risks, some of which are described below. You should carefully consider the risks and uncertainties described below, together with all of the other information contained in this Annual Report on Form 10-K, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the financial statements and the related notes. If any of the following risks actually occur, it could harm our business, prospects, results of operations and financial condition and future prospects. In such event, the market price of our common stock could decline and you could lose all or part of your investment. Additional risks…

AI summary unavailable — showing raw filing excerpt

Generated from ANNX's filing dated 2026-03-30

Profitability

Return on equity

-97.7%

107.1%

Return on assets

-74.5%

88.6%

Leverage

Debt / equity

0.31×

60.3%

Debt / assets

23.7%

45.9%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$-44.1M+18.8%

Q4 2025

2025-12-31

$-48.3M+0.7%

Q3 2025

2025-09-30

$-54.9M-57.7%

Q2 2025

2025-06-30

$-49.2M-66.0%

Q1 2025

2025-03-31

$-54.4M-115.9%

Q4 2024

2024-12-31

$-48.6M

Q3 2024

2024-09-30

$-34.8M-7.2%

Q2 2024

2024-06-30

$-29.6M+15.9%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Pharmaceutical Preparations · SIC 2834

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Insider activity

Insider buying

$9.0M

Insider selling

$321.4K

Net activity

+$8.7M

Distinct insiders

8

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-05-11

William H. Carson

Director

Purchase8,000$5.78$46.2K
2026-04-10

William H. Carson

Director

Purchase8,000$6.20$49.6K
2026-03-10

William H. Carson

Director

Purchase8,000$5.67$45.4K
2026-03-02

Jamie Dananberg

CHIEF MEDICAL OFFICER

Sale5,820$5.43$31.6K
2026-03-02

Michael Overdorf

EVP & CHIEF BUSINESS OFFICER

Sale4,339$5.42$23.5K
2026-03-02

Ted Yednock

EVP & CHIEF INNOVATION OFFICER

Sale5,566$5.42$30.2K
2026-03-02

Dean Richard Artis

EVP & CHIEF SCIENTIFIC OFFICER

Sale5,894$5.43$32.0K
2026-03-02

Jennifer Lew

EVP & CHIEF FINANCIAL OFFICER

Sale5,565$5.42$30.2K
2026-02-18

Jamie Dananberg

CHIEF MEDICAL OFFICER

Sale5,290$5.10$27.0K
2026-02-18

Jennifer Lew

EVP & CHIEF FINANCIAL OFFICER

Sale7,851$5.11$40.1K
2026-02-18

Dean Richard Artis

EVP & CHIEF SCIENTIFIC OFFICER

Sale5,290$5.10$27.0K
2026-02-18

Ted Yednock

EVP & CHIEF INNOVATION OFFICER

Sale7,857$5.11$40.1K
2026-02-18

Michael Overdorf

EVP & CHIEF BUSINESS OFFICER

Sale6,225$5.10$31.7K
2025-12-30

William H. Carson

Director

Purchase4,115$5.02$20.7K
2025-12-01

Jung Choi

Director

Purchase33,000$4.19$138.3K
2025-12-01

William H. Carson

Director

Purchase4,115$4.47$18.4K
2025-11-21

Muneer A Satter

Director

Purchase422,613$4.28$1.8M
2025-11-20

Muneer A Satter

Director

Purchase400,000$4.48$1.8M
2025-11-19

Muneer A Satter

Director

Purchase500,000$3.94$2.0M
2025-11-18

Muneer A Satter

Director

Purchase500,000$3.18$1.6M
2025-11-17

Muneer A Satter

Director

Purchase500,000$2.99$1.5M
2025-10-30

William H. Carson

Director

Purchase4,115$3.17$13.0K
2025-09-30

William H. Carson

Director

Purchase4,115$3.05$12.6K
2025-09-02

William H. Carson

Director

Purchase4,115$2.09$8.6K
2025-07-30

William H. Carson

Director

Purchase4,115$2.43$10.0K
2025-07-14

Ted Yednock

EVP & CHIEF INNOVATION OFFICER

Sale1,116$2.58$2.9K
2025-07-14

Jennifer Lew

EVP & CHIEF FINANCIAL OFFICER

Sale1,117$2.58$2.9K
2025-07-14

Michael Overdorf

EVP & CHIEF BUSINESS OFFICER

Sale853$2.61$2.2K
2025-06-30

William H. Carson

Director

Purchase4,115$2.46$10.1K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns ANNX

Institutional value

$198.0M

Total shares held

36.6M

Distinct holders

102

-64 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.10.9M$60.6M+2.0M (+22.1%)Added
2VANGUARD CAPITAL MANAGEMENT LLC6.0M$33.0MNew
3Nuveen, LLC4.2M$23.5M+1.3M (+45.7%)Added
4VANGUARD PORTFOLIO MANAGEMENT LLC1.5M$8.2MNew
5Y-Intercept (Hong Kong) Ltd1.3M$7.3MNew
6UBS Group AG1.2M$6.9M+868.8K (+230.4%)Added
7DIMENSIONAL FUND ADVISORS LP924.1K$5.1M+205.4K (+28.6%)Added
8KENNEDY CAPITAL MANAGEMENT LLC912.3K$5.1M+272.4K (+42.6%)Added
9VANGUARD FIDUCIARY TRUST CO888.6K$4.9MNew
10Invesco Ltd.763.0K$4.2M-209.4K (-21.5%)Trimmed
11Russell Investments Group, Ltd.711.4K$3.9M+28.4K (+4.2%)Added
12WELLS FARGO & COMPANY/MN698.7K$3.9M+125.0K (+21.8%)Added
13Ensign Peak Advisors, Inc625.1K$3.5MNew
14DEUTSCHE BANK AG\562.2K$3.1M+1.4K (+0.3%)Added
15Board of Trustees of The Leland Stanford Junior University482.6K$2.7M+0 (+0.0%)No change
16MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC416.7K$2.3M-225.3K (-35.1%)Trimmed
17Bank of New York Mellon Corp395.0K$2.2M+33.3K (+9.2%)Added
18JPMORGAN CHASE & CO323.9K$1.6M+270.2K (+502.8%)Added
19BNP PARIBAS FINANCIAL MARKETS255.4K$1.4M+193.8K (+314.8%)Added
20Swiss National Bank236.0K$1.3MNew

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

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