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Ascendis Pharma AS (ASND) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

HEALTHCARE · BIOTECHNOLOGY · DATA UPDATED 2026-09-19

Ascendis Pharma AS (ASND) operates in the BIOTECHNOLOGY industry and is headquartered in Hellerup, Denmark with about 1,189 employees. Its market capitalization is roughly $16 billion. In the fiscal year ended 2025-12-31, ASND reported €692M in revenue and (€219M) in net income.

Ascendis Pharma A/S, operates as a biopharmaceutical company that focuses on developing TransCon-based therapies for unmet medical needs in Europe, the United States, and internationally.

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ASND Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Total Revenue€1.0B€692M€364M€267M€51M€8M€7M€13M€11M€2M€5M€8M€14M€20M€16M
Gross Profit€950M€589M€319M€222M€39M€4M€7M€13M€11M€2M€5M€8M€14M€20M€16M
Gross Margin %90.6%85.1%87.8%83.4%76.3%54.7%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Operating Income (EBIT)€266M(€131M)(€279M)(€456M)(€562M)(€452M)(€331M)(€227M)(€155M)(€112M)(€73M)(€42M)(€12M)€5M€2M
Operating Margin %25.4%-18.9%-76.7%-170.8%-1097.9%-5808.6%-4755.1%-1695.1%-1462.6%-7290.3%-1583.2%-515.2%-85.7%25.9%9.7%
Net Income€753M(€219M)(€378M)(€481M)(€583M)(€384M)(€419M)(€218M)(€130M)(€124M)(€69M)(€33M)(€10M)€4M€1M
Net Margin %71.8%-31.7%-104.0%-180.5%-1139.6%-4931.6%-6025.5%-1630.0%-1229.5%-8097.8%-1487.3%-405.5%-69.1%20.0%8.0%
EBITDA(€110M)(€290M)(€411M)(€529M)(€365M)(€408M)(€210M)(€150M)(€110M)(€72M)(€33M)(€11M)€6M€2M
Earnings Per Share (EPS)€11.20€-3.61€-6.53€-8.55€-10.40€-7.00€-8.28€-4.69€-3.17€-3.68€-2.58€-1.39€-0.57€0.38€0.12
Shares Outstanding (M)61M58M56M56M55M51M47M41M34M27M24M17M11M11M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ASND Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue€339M€251M€245M€214M€158M€101M€174M€58M€36M
Gross Profit€312M€229M€218M€191M€127M€83M€160M€47M€25M
Gross Margin %92.0%91.4%88.9%89.5%80.1%82.7%91.9%80.6%68.2%
Operating Income (EBIT)€220M€25M€10M€11M(€53M)(€104M)€0M(€97M)(€133M)
Operating Margin %64.9%10.1%4.0%5.1%-33.5%-103.2%0.2%-167.3%-370.2%
Net Income€207M€640M(€33M)(€61M)(€39M)(€95M)(€38M)(€99M)(€109M)
Net Margin %61.1%255.2%-13.6%-28.5%-24.6%-93.7%-22.1%-171.5%-303.9%
EBITDA€24M€40M(€53M)€2M(€44M)(€38M)(€71M)(€88M)
Earnings Per Share (EPS)€2.83€9.91€-0.54€-1.00€-0.61€-1.58€-0.64€-1.69€-1.91
Shares Outstanding (M)65M61M61M64M60M60M59M57M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ASND Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Cash from Operations (CFO)€347M€52M(€306M)(€467M)(€496M)(€418M)(€272M)(€176M)(€139M)(€95M)(€60M)(€43M)(€18M)€6M(€1M)
Capital Expenditures (CapEx)€8M€1M€2M€14M€24M€22M€5M€3M€1M€1M€1M€0M€1M€0M
Free Cash Flow (FCF)€44M(€308M)(€470M)(€510M)(€442M)(€293M)(€181M)(€141M)(€96M)(€61M)(€45M)(€19M)€5M(€1M)
FCF Margin %6.3%-84.6%-176.1%-997.0%-5681.2%-4215.4%-1354.0%-1336.8%-6277.1%-1321.1%-548.2%-134.5%25.1%-6.0%
Dividends Paid€5M€33M€0M€0M€0M€0M€0M€0M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ASND Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)€282M(€8M)€71M€2M(€7M)(€14M)(€87M)(€56M)(€61M)
Capital Expenditures (CapEx)€8M€3M€0M€4M€1M€0M€0M€0M
Free Cash Flow (FCF)(€16M)€67M€2M(€12M)(€15M)(€88M)(€57M)(€62M)
FCF Margin %-6.3%27.5%1.0%-7.4%-14.9%-50.3%-97.9%-171.3%

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ASND Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-31
Total Assets€2.3B€1.3B€1.2B€826M€1.1B€1.1B€980M€677M€319M€211M€190M€132M€59M€27M€25M€23M
Cash & Cash Equivalents€812M€616M€560M€392M€445M€446M€585M€598M€278M€195M€180M€120M€50M€19M€15M€16M
Total Liabilities€850M€1.5B€1.3B€971M€826M€201M€141M€80M€39M€24M€13M€11M€13M€20M€24M€23M
Total Debt (Short + Long-Term)€450M€872M€857M€970M€910M€112M€7M€6M€0M€0M€0M€0M€0M€0M€0M€0M
Total Shareholders' Equity€1.4B(€163M)(€106M)(€146M)€263M€884M€839M€597M€280M€187M€177M€120M€46M€6M€2M€0M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ASND viewer.

ASND Metric Deep Dives

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