RARE · NASDAQ · Biotechnology

Ultragenyx Pharmaceutical (RARE)

Develops and commercializes therapies for serious rare and ultra-rare genetic diseases.

$15.76
vs last close+1.11 (+7.58%)
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Ultragenyx Pharmaceutical Inc.RARE
Health Care

Develops and commercializes approved therapies and product candidates for serious rare and ultra-rare genetic diseases. Its operating model combines patient and caregiver engagement with collaborations, acquisitions, and commercial execution.

Identifies, acquires, develops, and commercializes therapies for serious rare and ultra-rare genetic diseases with clear biology and high unmet need. The portfolio focuses on diseases where the biology is clear and unmet need is high. Its approved portfolio includes Mepsevii, Crysvita, and Dojolvi, alongside a broader product-candidate portfolio and patient and caregiver engagement that informs clinical protocol, endpoint, analysis, commercialization, and access approaches.

Founder Emil D. Kakkis has remained President and CEO since the 2010 formation, providing continuity through the public-market and commercial stages. Strategic collaborations and targeted acquisitions add capabilities, while product approvals and collaboration arrangements shape operations.

Company facts

CEOEmil D. Kakkis, M.D., Ph.D.
ListedJan 31, 2014
ExchangeNASDAQ
HeadquartersNovato, CA
CountryUnited States
Employees1,371
CIK0001515673
ISINUS90400D1081

Market cap$1.44B
EPS (ttm)−$5.84
P/E (ttm)−2.51
ROE
P/B
P/S2.01
Dividend yieldDiv yield
Beta1.32vs XLV 0.62

Price target$24.00+63.8%Average of 33 analysts
ConsensusBuy26 of 33 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 21, 2026Evercore ISITarget
Target: $16
Target: $18
Sep 21, 2026BarclaysTarget
Target: $32
Target: $35
Sep 18, 2026Morgan StanleyTarget
Target: $18
Target: $20
Sep 18, 2026Cantor FitzgeraldReiterate
Rating: Target: $33
Rating: OverweightTarget: $39
Sep 18, 2026Canaccord GenuityTarget
Target: $37
Target: $39

Next report
Nov 3, 26
in 42 days
EPS estimate
−$0.65
Revenue estimate
$183.2M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$1.39−$1.57−$1.17−$1.81−$1.29−$1.84−$0.90Pending
Estimate−$1.32−$1.54−$1.27−$1.23−$1.20−$1.49−$1.22−$0.65
Surprise−5.3%−1.9%+7.9%−47.2%−7.5%−23.7%+26.2%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$164.9M$139.3M$166.5M$159.9M$207.0M$136.0M$214.0MPending
Estimate$158.7M$162.4M$165.9M$199.8M$198.6M$158.2M$183.1M$183.2M
Surprise+3.9%−14.2%+0.3%−19.9%+4.2%−14.0%+16.9%
Estimate−$0.65
ReportedDue Nov 3, 2026
Estimate$183.2M
ReportedDue Nov 3, 2026
View details

Current ratio172.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$139.5M$164.9M$139.3M$166.5M$159.9M$207.0M$136.0M$214.0M
Net income−$133.5M−$133.4M−$151.1M−$115.0M−$180.4M−$129.0M−$185.0M−$92.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$132.0M−$122.3M−$142.9M−$107.9M−$170.9M−$114.0M−$169.0M−$75.0M
YoY growthLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $292.0M · Total debt $1.20B · Total assets $1.26B · Shareholders' equity −$291.0M

Revenue
$214.0M
Operating income
−$75.0M
Net income
−$92.0M
View details

No dividends on record.

Institutions109.00%107.46M shares
329 holders · as of Jun 30, 2026
Insiders4.22%4.16M shares
16 holders · as of Sep 15, 2026
Adds to113.22%

98.59M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 113.22%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
10.81%10.65Mas of Jun 30, 2026
RTW Investments, LPInstitution
7.91%7.80Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
6.89%6.79Mas of Jun 30, 2026
AQR Capital Management LLCInstitution
6.65%6.56Mas of Jun 30, 2026
State Street CorpInstitution
6.25%6.16Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 15, 2026Theodore Alan Huizengaofficer: SVP, Chief Accounting Officer−1,283$13.57
Sep 3, 2026Theodore Alan Huizengaofficer: SVP, Chief Accounting Officer−161$13.99
Aug 3, 2026Howard Hornofficer: Chief Financial Officer−4,696$24.92
Aug 3, 2026Karah Herdman Parschauerofficer: EVP and Chief Legal Officer−1,900$24.92
Jul 1, 2026Howard Hornofficer: Chief Financial Officer−4,698$33.13
View details

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Compare

CompanyPriceChange
Ultragenyx Pharmaceutical$15.76+7.58%$1.44B2.0+28.5%
BioMarin$63.87−0.30%$12.38B164.310.43.6+20.0%
Amgen$409.90+4.26%$212.19B24.417.55.6+9.7%
PTC Therapeutics$65.95+1.06%$5.45B53.35.4+101.6%
Sarepta Therapeutics$20.86+3.57%$2.13B36.31.1−34.3%
Median94.326.94.5+14.8%