APLS (APLS)
Apellis Pharmaceuticals, Inc.
NASDAQ:APLSHealthcare · Biotechnology
Mkt Cap-
Float108.16M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1B
Net Income$22.39M
Total Assets$1.08B
Free Cash Flow$45.01M
Debt & Equity
Debt 57%
Equity 43%
Total Debt$486.31M
Total Equity$370.15M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:200Reverse splitMar 19, 2004200 shares → 1
Balance Sheet Details
Assets$1.08B
Liabilities$705.11M
Accounts Receivable$366.22M
Accounts Payable$56.8M
Inventory$142.56M
PP&E (Net)$19.9M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $1B | $781.37M | $396.59M | $75.42M | $66.56M | $250.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 28.5% | 97.0% | 425.8% | 13.3% | -73.4% | - | - | - | - | - | - | - | - |
| Cost of Revenue | $102.24M | $117.72M | $58.51M | $5.64M | $5.2M | $25.05M | $595K | $127.92M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $901.55M | $663.64M | $338.08M | $69.79M | $61.36M | $225.6M | -$595K | -$127.92M | -$50.77M | $0 | $0 | $0 | $0 |
| Gross Margin | 89.8% | 84.9% | 85.2% | 92.5% | 92.2% | 90.0% | - | - | - | - | - | - | - |
| Research and Development | $295.85M | $327.57M | $354.39M | $387.24M | $420.87M | $299.92M | $220.97M | $105.29M | $40.3M | $22.98M | $13.73M | $8.38M | $2.32M |
| Selling, General, and Administrative | $550.26M | $501.05M | $500.81M | $277.16M | $176.77M | $139.4M | $66.45M | $22.64M | $10.46M | $4.3M | $6.36M | $2.91M | $1.71M |
| Other | $0 | $0 | $0 | -$288K | $1.36M | -$501K | $0 | -$111K | $12K | $158K | $6K | $7K | $6K |
| Total Operating Expenses | $846.12M | $828.62M | $855.2M | $664.4M | $597.64M | $439.32M | $287.42M | $127.92M | $50.77M | $27.28M | $20.09M | $11.29M | $4.03M |
| Operating Income (EBIT) | $55.43M | -$164.98M | -$517.12M | -$594.61M | -$536.28M | -$213.73M | -$288.02M | -$127.92M | -$50.77M | -$27.28M | -$46.57M | -$11.29M | -$4.03M |
| Operating Margin | 5.5% | -21.1% | -130.4% | -788.4% | -805.7% | -85.3% | - | - | - | - | - | - | - |
| Interest Expense | $44.33M | $40.39M | $29.58M | $32.63M | $13.24M | $29.94M | $5.29M | $2.51M | $97K | $0 | $0 | $0 | $0 |
| Interest Income | $13.14M | $12.77M | $20.93M | $8.91M | $418K | $4.16M | $5.11M | $2.96M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$31.32M | -$31.74M | -$9.38M | -$56.89M | -$209.72M | -$129.3M | -$16.69M | $423K | -$239K | $158K | $57K | $62K | $68K |
| Income Before Tax (EBT) | $24.11M | -$196.72M | -$526.5M | -$651.5M | -$746M | -$343.03M | -$304.71M | -$127.5M | -$51.01M | -$27.13M | -$46.52M | -$11.23M | -$3.96M |
| Income Tax Expense | $1.72M | $1.16M | $2.13M | $669K | $352K | $1.84M | $0 | -$533K | $251K | $0 | $0 | -$443K | $0 |
| Net Income | $22.39M | -$197.88M | -$528.63M | -$652.17M | -$746.35M | -$344.87M | -$304.71M | -$127.5M | -$51.01M | -$27.13M | -$46.52M | -$10.79M | -$3.96M |
| Net Income Margin | 2.2% | -25.3% | -133.3% | -864.7% | -1121.3% | -137.6% | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||||
| EPS | 0.18 | -1.60 | -4.45 | -6.15 | -8.84 | -4.59 | -4.98 | -2.34 | -1.49 | -1.50 | -2.57 | -0.60 | -0.86 |
| Diluted EPS | 0.18 | -1.60 | -4.45 | -6.15 | -8.84 | -4.59 | -4.98 | -2.34 | -1.49 | -1.50 | -2.57 | -0.60 | -0.86 |
| Weighted Average OS | 126.02M | 123.91M | 118.68M | 106.11M | 84.42M | 75.16M | 62.23M | 54.40M | 34.22M | 18.09M | 18.09M | 18.09M | 4.58M |
| EBITDA | $70M | -$154.53M | -$495.13M | -$617.39M | -$731.27M | -$312.23M | -$298.83M | $2.94M | -$50.9M | $157K | -$46.51M | -$11.29M | -$4.02M |
| EBITDA Margin | 7.0% | -19.8% | -124.8% | -818.6% | -1098.6% | -124.6% | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $467.76M | $411.29M | $351.19M | $551.8M | $640.19M | $565.78M | $351.99M | $176.27M | $175.64M | $24.86M | $36M | $13.62M | $4.76M |
| Short-Term Investments | $0 | $4.85M | $1.11M | $0 | $61.03M | $311.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $467.76M | $416.14M | $352.3M | $551.8M | $701.23M | $877.65M | $351.99M | $176.27M | $175.64M | $24.86M | $36M | $13.62M | $4.76M |
| Accounts Receivable | $366.22M | $271.72M | $206.44M | $7.73M | $80.1M | $25M | $0 | $0 | $0 | $0 | $0 | $466K | $67K |
| Inventory | $142.56M | $82.48M | $146.36M | $85.71M | $24M | $0 | $0 | $0 | $0 | $0 | $0 | $137K | $343K |
| Other Current Assets | $0 | $9.1M | $22.41M | $36.66M | $13.54M | $11.14M | $1.31M | $1.84M | $1.31M | $1.37M | $2.04M | $21K | $22K |
| Total Current Assets | $1.01B | $788.95M | $766.33M | $719.52M | $824.05M | $917.19M | $373.09M | $202.44M | $182.02M | $27.37M | $38.04M | $14.25M | $5.19M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $19.9M | $19.04M | $21.09M | $24.89M | $26.08M | $24.52M | $15.77M | $978K | $0 | $0 | $0 | $22K | $9K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $3.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $40.51M | $77.06M | -$1.93M | $15.8M | $31.64M | $18.86M | $385K | $116K | $116K | $65K | $133K | $37K | $0 |
| Total Long-Term Assets | $60.42M | $96.1M | $22.4M | $40.69M | $57.72M | $43.38M | $16.15M | $1.09M | $116K | $65K | $133K | $59K | $9K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.08B | $885.05M | $788.73M | $760.22M | $881.76M | $960.57M | $389.24M | $203.53M | $182.13M | $27.43M | $38.18M | $14.31M | $5.2M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $56.8M | $38.57M | $37.52M | $37.34M | $16.91M | $8.48M | $8.36M | $10.25M | $3.66M | $2.55M | $2.48M | $752K | $354K |
| Short-Term Debt | $100.75M | $0 | $0 | $0 | $0 | $0 | $2.61M | $1.67M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $127.55M | $45.15M | $75.83M | $81.43M | $7.58M | $4.23M | $43.34M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $323.6M | $185.51M | $247.59M | $167.61M | $131.85M | $128.33M | $65.75M | $17.02M | $6.55M | $3.64M | $3.2M | $1.08M | $677K |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $373.61M | $452.83M | $93.03M | $92.74M | $189.02M | $358.83M | $142.57M | $25.38M | $26.39M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$4.04M | $7.97M | $242.13M | $315.65M | $345.15M | $253.64M | $134.84M | $159K | $244K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $381.51M | $471M | $346.62M | $422.74M | $551.26M | $627.68M | $289.26M | $25.54M | $26.63M | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $705.11M | $656.51M | $594.21M | $590.35M | $683.1M | $756.01M | $355.02M | $42.56M | $33.19M | $3.64M | $3.2M | $1.08M | $677K |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $92.05M | $77.19M | $35.86M | $16.76M |
| Common Stock | $12K | $12K | $12K | $11K | $10K | $8K | $6K | $6K | $5K | $843 | $843 | $978 | $978 |
| Retained Earnings | -$3.01B | -$3.04B | -$2.84B | -$2.31B | -$1.66B | -$926.35M | -$581.47M | -$276.77M | -$149.26M | -$98.26M | -$71.13M | -$24.62M | -$13.83M |
| Comprehensive Income & Other | -$2.1M | -$3.31M | -$3.54M | -$875K | -$2.09M | -$117K | -$154K | -$123K | $0 | $0 | $0 | -$22K | -$16K |
| Other Stockholders' Equity | $3.38B | $3.26B | $3.03B | $2.48B | $1.86B | $1.13B | $615.7M | $437.73M | $298.2M | $122.05M | $106.11M | $37.84M | $18.35M |
| Total Equity | $370.15M | $228.54M | $194.52M | $169.87M | $198.66M | $204.56M | $34.23M | $160.97M | $148.94M | $23.79M | $34.98M | $13.22M | $4.52M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.08B | $885.05M | $788.73M | $760.22M | $881.76M | $960.57M | $389.24M | $203.53M | $182.13M | $27.43M | $38.18M | $14.31M | $5.2M |
| Supplementary Data | |||||||||||||
| Total Debt | $486.31M | $469.78M | $110.93M | $112.71M | $210.22M | $377.73M | $157.03M | $27.04M | $26.39M | $0 | $0 | $0 | $0 |
| Net Debt | $18.55M | $58.49M | -$240.26M | -$439.09M | -$429.97M | -$188.05M | -$194.95M | -$149.22M | -$149.25M | -$24.86M | -$36M | -$13.62M | -$4.76M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $22.39M | -$197.88M | -$528.63M | -$652.17M | -$746.35M | -$344.87M | -$304.71M | -$127.5M | -$51.01M | -$27.12M | -$46.52M | -$10.79M | -$3.96M |
| Depreciation & Amortization | $1.56M | $1.8M | $1.78M | $1.49M | $1.49M | $859K | $596K | $127.92M | $12K | $27.28M | $8K | $7K | $6K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $198.26M | $0 | $0 | $0 | $154K | $0 | $0 | $0 | -$272K |
| Stock-Based Compensation | $104M | $114.13M | $105.94M | $91.08M | $70.67M | $45.38M | $21.14M | $7.73M | $5.42M | $1.08M | $546K | $659K | $272K |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$101.28M | -$58.48M | -$198.72M | $2.38M | -$10.1M | $0 | $0 | $0 | $0 | $0 | $0 | $45K | $40K |
| Inventory | -$15.27M | -$10.76M | -$60.65M | -$69.4M | -$16.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $18.22M | $1.09M | $170K | $18.69M | $10.49M | -$54K | -$1.64M | $6.59M | $932K | $70K | $1.73M | $398K | $220K |
| Other Working Capital | $13.21M | $49.79M | $58.94M | $32.63M | -$77.59M | $19.64M | $54.95M | -$18.63M | -$2.12M | -$27K | -$1.1M | -$223K | $19K |
| Total Working Capital Change | -$85.12M | -$18.36M | -$200.25M | -$15.7M | -$93.52M | $19.59M | $53.31M | -$12.04M | -$1.19M | $43K | $628K | $175K | $239K |
| Other Non-Cash Items | $2.5M | $12.44M | $26.41M | $61.55M | $6.33M | $118.56M | $18.52M | -$127.36M | $14K | -$27.28M | $26.48M | $804 | $272K |
| Net Cash from Operating | $45.33M | -$87.87M | -$594.74M | -$513.75M | -$563.13M | -$160.49M | -$211.13M | -$131.24M | -$46.6M | -$26M | -$18.86M | -$9.95M | -$3.44M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$313K | -$403K | -$773K | -$1.52M | -$1.1M | -$5.42M | -$1.69M | $0 | $0 | $0 | $0 | -$20K | $0 |
| Acquisitions | $0 | $0 | $0 | -$61.42M | -$248.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$331.86M | -$171.28M | -$879.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $393.28M | $420M | $567.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $99K | $61.42M | $248.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$313K | -$403K | -$674K | $59.89M | $247.62M | -$316.99M | -$1.69M | $0 | $0 | $0 | $0 | -$20K | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | - | -$365.45M | - | - | - | -$322.87M | -$184.21M | - | -$26.36M | - | - | - | $275K |
| Common Stock Issuance | $8.89M | $18.83M | $461.04M | $380.12M | $380.36M | $381.42M | $109.58M | $131.19M | $150.06M | $14.86M | $2K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$11K | -$235.04M | -$66.54M | -$14.46M | $11.87M | -$12.12M | $94.75M | $709K | $1.2M | $0 | -$91K | $0 | $0 |
| Net Cash from Financing | $8.88M | $149.24M | $394.5M | $365.66M | $392.24M | $692.18M | $388.54M | $131.9M | $197.38M | $14.86M | $41.24M | $18.83M | $7.16M |
| Forex Effect | $1.25M | -$659K | $135K | -$488K | -$2.02M | $359K | $4K | -$38K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $55.15M | $60.31M | -$200.78M | -$88.68M | $74.71M | $215.06M | $175.72M | $624K | $150.78M | -$11.14M | $22.38M | $8.86M | $3.72M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $45.33M | -$87.87M | -$594.74M | -$513.75M | -$563.13M | -$160.49M | -$211.13M | -$131.24M | -$46.6M | -$26M | -$18.86M | -$9.95M | -$3.44M |
| Capital Expenditure | -$313K | -$403K | -$773K | -$1.52M | -$1.1M | -$5.42M | -$1.69M | $0 | $0 | $0 | $0 | -$20K | $0 |
| Free Cash Flow | $45.01M | -$88.27M | -$595.51M | -$515.27M | -$564.23M | -$165.91M | -$212.83M | -$131.24M | -$46.6M | -$26M | -$18.86M | -$9.97M | -$3.44M |
| Cash at Beginning | $412.61M | $352.3M | $553.07M | $641.75M | $567.04M | $351.99M | $176.27M | $175.64M | $24.86M | $36M | $13.62M | $4.76M | $1.04M |
| Cash at End | $467.76M | $412.61M | $352.3M | $553.07M | $641.75M | $567.04M | $351.99M | $176.27M | $175.64M | $24.86M | $36M | $13.62M | $4.76M |