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flag Halozyme Therapeutics hit $1.4B in 2025 revenue, driven by soaring royalties from key drugs, with strong growth expected in 2026.

flag Halozyme Therapeutics reported record 2025 revenue of $1.4 billion, a 38% increase driven by a 52% surge in royalty income to $867.8 million, fueled by strong sales of ENHANZE-enabled drugs like DARZALEX SC, Phesgo, and VYVGART Hytrulo. flag Fourth-quarter revenue rose 52% to $451.8 million, with $258 million in royalties. flag Despite a $285 million acquired in-process R&D charge reducing GAAP net income, non-GAAP EPS was $4.15. flag The company raised $1.5 billion in convertible notes, expanded its subcutaneous delivery platforms, and expects 2026 revenue of $1.71–$1.81 billion, with royalty growth of 30%-35%.

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