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Galapagos (GLPG) Financials

Galapagos logo
$27.73 -1.08 (-3.75%)
Closing price 04:00 PM Eastern
Extended Trading
$27.73 0.00 (0.00%)
As of 04:10 PM Eastern
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Annual Income Statements for Galapagos

Annual Income Statements for Galapagos

This table shows Galapagos' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -129 57 -139 -37 168 -373 -117 -233 234 150 377
Consolidated Net Income / (Loss)		 -129 57 -139 -33 168 -373 -117 -233 234 77 377
Net Income / (Loss) Continuing Operations		 -129 57 -139 -37 167 -380 -137 -76 -4.41 -1.33 375
Total Pre-Tax Income 		-130 57 -139 -36 167 -378 -135 -76 6.22 70 353
Total Operating Income		 -120 -35 -143 -87 414 -218 -194 -140 -98 -121 346
Total Gross Profit		 43 136 153 319 937 584 265 258 265 323 1,270
Total Revenue		 43 136 153 319 937 584 265 258 265 285 1,305
Operating Revenue		 43 136 153 319 937 584 265 258 265 359 1,305
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 36 35
Operating Cost of Revenue		 - - - - - 0.00 - 0.00 0.00 36 35
Total Operating Expenses		 163 172 295 406 523 802 459 398 363 444 924
Selling, General & Admin Expense		 21 23 29 39 81 145 145 145 142 121 173
Marketing Expense		 1.28 1.88 3.37 4.75 28 81 4.27 3.72 6.28 18 7.16
Research & Development Expense		 141 147 262 362 471 640 363 289 267 347 539
Other Operating Expenses / (Income)		 - - - - -57 -64 -52 -39 -52 -42 -63
Impairment Charge		 - - - - - - - - 0.00 0.00 268
Total Other Income / (Expense), net		 -9.96 92 3.75 51 -247 -18 -11 9.32 86 192 53
Other Income / (Expense), net		 -12 92 3.75 51 -247 -18 -11 9.32 86 - 53
Income Tax Expense		 -1.32 0.25 0.24 0.94 -0.19 1.50 1.57 0.61 11 -1.87 -22
Net Income / (Loss) Discontinued Operations		 - - - - - 6.80 20 -157 239 78 1.63
Basic Earnings per Share		 - - - - - ($4.69) ($1.58) ($3.55) $3.48 $1.16 $11.41
Weighted Average Basic Shares Outstanding		 35.70M 45.70M 50.94M 52.11K 64.67M 65.41M 65.50M 65.70M 65.88M 65.90M 65.90M
Diluted Earnings per Share		 - - - - - ($4.69) ($1.58) ($3.55) $3.48 $1.16 $11.41
Weighted Average Diluted Shares Outstanding		 35.70M 47.31M 50.94M 0.00 64.67M 65.41M 0.00 65.70M 65.88M 65.90M 65.90M
Weighted Average Basic & Diluted Shares Outstanding		 - - 50.94M 52.11K 64.67M 65.41M 65.55M 65.84M 65.90M 65.90M 65.90M

Quarterly Income Statements for Galapagos

No quarterly income statements for Galapagos are available.

Annual Cash Flow Statements for Galapagos

This table details how cash moves in and out of Galapagos' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 174 661 237 -195 174 175 -28 -1,870 -376 87 -368
Net Cash From Operating Activities		 -122 666 -194 -183 4,494 5,815 1,800 -1,864 -411 3,571 3,739
Net Cash From Continuing Operating Activities		 -122 666 -194 -183 4,494 5,815 1,800 -1,864 -411 3,571 3,739
Net Income / (Loss) Continuing Operations		 -129 0.00 -139 -33 168 -373 -117 0.00 234 77 377
Consolidated Net Income / (Loss)		 -129 - -139 -33 168 -373 -117 - 234 77 377
Non-Cash Adjustments To Reconcile Net Income		 36 666 8.27 2.70 1,193 6,620 2,404 -1,864 121 3,823 4,445
Changes in Operating Assets and Liabilities, net		 -29 - -63 -153 3,133 -432 -487 - -766 -328 -1,082
Net Cash From Investing Activities		 -6.63 -4.69 -6.37 -12 -5,398 -5,640 -1,828 0.00 -26 -3,484 -4,108
Net Cash From Continuing Investing Activities		 -6.63 -4.69 -6.37 -12 -5,398 -5,640 -1,828 0.00 -26 -3,484 -4,108
Purchase of Property, Plant & Equipment		 -6.63 -4.69 -6.38 -12 -25 -52 -61 - -21 -17 -16
Acquisitions		 - - - - - 0.00 0.00 - -7.74 0.00 -2.10
Purchase of Investments		 - - 0.00 0.00 -5,373 -5,588 -1,767 - - -3,467 -4,067
Sale of Property, Plant & Equipment		 0.00 0.00 0.01 0.00 0.00 0.06 0.00 - 2.68 0.00 0.54
Other Investing Activities, net		 - - - - - 0.00 0.00 - 0.00 0.00 -23
Net Cash From Financing Activities		 303 0.00 437 0.00 1,077 0.00 0.00 7.16 -5.53 0.00 0.00
Net Cash From Continuing Financing Activities		 303 0.00 437 0.00 1,077 0.00 0.00 -1.59 -5.53 0.00 0.00
Cash Interest Paid		 0.05 0.05 0.33 1.22 1.30 11 14 13 4.21 0.71 0.54
Cash Interest Received		 1.20 1.12 1.61 5.22 8.81 12 3.30 5.18 77 101 60
Cash Income Taxes Paid		 0.10 1.85 0.24 0.01 0.06 1.66 0.77 4.74 9.04 -0.42 0.44

Quarterly Cash Flow Statements for Galapagos

No quarterly cash flow statements for Galapagos are available.

Annual Balance Sheets for Galapagos

This table presents Galapagos' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 481 1,140 1,545 1,648 6,811 6,985 5,878 5,065 4,820 4,281 3,998
Total Current Assets		 407 1,060 1,439 1,521 6,583 6,559 5,503 4,533 4,272 6,902 7,228
Cash & Equivalents		 370 1,024 1,383 1,477 2,089 2,608 2,528 544 185 66 103
Short-Term Investments		 - - 0.00 0.00 4,398 3,697 2,795 3,836 3,891 3,161 3,415
Accounts Receivable		 4.27 10 34 21 61 181 126 43 31 49 24
Inventories, net		 0.35 - - - 0.00 0.04 23 57 82 53 26
Other Current Assets		 5.99 15 8.03 9.44 10 15 11 25 17 32 8.22
Plant, Property, & Equipment, net		 15 16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 127 95
Total Noncurrent Assets		 5.30 7.32 9.53 16 49 130 75 239 262 472 4.70
Long-Term Investments		 - - - - - - - - - 207 0.00
Goodwill		 - - - - - 0.00 0.00 75 77 72 0.00
Intangible Assets		 1.68 1.08 3.00 4.16 28 83 68 157 141 171 1.00
Noncurrent Deferred & Refundable Income Taxes		 1.88 2.06 2.38 2.88 4.72 5.47 4.56 1.46 1.25 1.53 0.23
Other Noncurrent Operating Assets		 1.74 4.18 4.16 9.06 16 14 2.80 6.18 18 9.01 3.47
Other Noncurrent Nonoperating Assets		 - - - 0.00 0.00 29 0.00 0.00 24 12 0.00
Total Liabilities & Shareholders' Equity		 481 1,140 1,545 1,648 6,811 6,985 5,878 5,065 4,820 4,281 3,998
Total Liabilities		 84 342 329 258 3,583 3,723 2,886 2,362 1,728 1,282 200
Total Current Liabilities		 79 109 206 252 642 776 641 559 474 347 179
Short-Term Debt		 2.81 1.08 1.04 - 2.29 1.52 2.02 1.09 0.06 0.26 1.12
Accounts Payable		 32 34 58 79 161 214 156 159 150 102 123
Current Deferred Revenue		 43 75 147 171 465 541 475 391 283 241 0.04
Other Current Liabilities		 - - 0.01 0.00 6.54 7.82 8.15 7.71 5.15 3.60 55
Total Noncurrent Liabilities		 5.54 232 123 6.11 2,942 2,947 2,245 1,803 1,254 935 21
Noncurrent Deferred Revenue		 0.00 226 117 0.00 2,903 2,890 2,201 1,737 1,185 868 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 21 0.00
Noncurrent Employee Benefit Liabilities		 2.93 3.70 4.30 4.31 9.27 18 13 5.93 2.54 2.17 0.00
Other Noncurrent Operating Liabilities		 2.55 2.66 2.00 1.81 7.84 - - - 35 44 21
Total Equity & Noncontrolling Interests		 397 798 1,216 1,390 3,227 3,262 2,992 2,702 3,092 2,999 3,798
Total Preferred & Common Equity		 397 798 1,216 1,390 3,227 3,262 2,992 2,702 3,092 2,999 3,798
Preferred Stock		 388 683 1,193 1,462 3,034 3,332 3,090 2,926 3,028 2,833 3,212
Total Common Equity		 8.25 115 23 -73 193 -70 -98 -224 65 166 585
Common Stock		 201 236 280 271 322 356 331 314 325 304 345
Retained Earnings		 -193 -118 -254 -341 -123 -409 -416 -531 -253 -139 247
Other Equity Adjustments		 -0.53 -2.20 -3.62 -2.62 -6.72 -17 -13 -6.90 -7.84 0.33 -6.62

Quarterly Balance Sheets for Galapagos

No quarterly balance sheets for Galapagos are available.

Annual Metrics And Ratios for Galapagos

This table displays calculated financial ratios and metrics derived from Galapagos' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 65,897,071.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 65,897,071.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 5.71
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -84 -35 -100 -61 414 -153 -136 -98 69 -125 368
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -3.61% 2.23% -4.16% 9.68%
Earnings before Interest and Taxes (EBIT)		 -132 57 -139 -36 167 -236 -205 -131 -12 -121 399
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -132 57 -139 -36 167 -236 -205 -131 -12 -121 399
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 207 -115 -129 3,637 -211 -893 -779 -575 -524 -358
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -50 -292 -277 -210 -3,433 -3,374 -2,618 -1,937 -1,293 -894 -41
Increase / (Decrease) in Invested Capital		 0.00 -242 15 68 -3,223 58 757 681 644 399 726
Book Value per Share		 $0.23 $2.52 $0.45 ($1.43) $3.55 ($1.09) ($1.51) ($3.42) $0.98 $2.51 $8.88
Tangible Book Value per Share		 $0.18 $2.50 $0.39 ($1.51) $3.03 ($2.36) ($2.55) ($6.95) ($2.33) ($1.18) $8.87
Total Capital		 399 799 1,217 1,390 3,251 3,292 3,016 2,719 3,098 2,999 3,799
Total Debt		 2.87 1.08 1.04 0.00 24 30 24 17 5.53 0.26 1.12
Total Long-Term Debt		 0.07 0.01 0.00 0.00 22 28 22 16 5.47 0.00 0.00
Net Debt		 -374 -1,023 -1,382 -1,477 -6,463 -6,276 -5,299 -4,363 -4,070 -3,434 -3,517
Capital Expenditures (CapEx)		 6.63 4.69 6.37 12 25 52 61 0.00 18 17 16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -46 -72 -149 -208 -544 -521 -460 -405 -278 2,981 3,531
Debt-free Net Working Capital (DFNWC)		 331 951 1,233 1,269 5,944 5,785 4,864 3,975 3,798 6,208 7,050
Net Working Capital (NWC)		 328 950 1,232 1,269 5,941 5,783 4,862 3,974 3,798 6,208 7,049
Net Nonoperating Expense (NNE)		 45 -92 39 -27 246 220 -19 135 -165 -201 -8.90
Net Nonoperating Obligations (NNO)		 -446 -1,090 -1,493 -1,599 -6,660 -6,637 -5,609 -4,639 -4,386 -3,893 -3,838
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($2.34) ($0.56) $0.00 $0.00 ($1.58) ($3.32) $3.21 $2.32 $11.41
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 49.48M 52.11M 64.67M 65.41M 65.55M 65.84M 65.88M 65.90M 65.90M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($2.34) ($0.56) $0.00 $0.00 ($1.58) ($3.32) $3.21 $2.32 $11.41
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 49.48M 52.11M 64.67M 0.00 65.55M 65.84M 0.00 65.90M 65.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.32 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 50.94M 54.47M 64.67M 65.08K 65.55M 65.84M 65.90M 65.90M 65.90M
Normalized Net Operating Profit after Tax (NOPAT)		 -84 -35 -100 -61 290 -153 -136 -98 -68 -85 430
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Galapagos

No quarterly metrics and ratios for Galapagos are available.


Financials Breakdown Chart

Frequently Asked Questions About Galapagos' Financials

When does Galapagos' fiscal year end?

According to the most recent income statement we have on file, Galapagos' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Galapagos' net income changed over the last 10 years?

Galapagos' net income appears to be on a downward trend, with a most recent value of $376.59 million in 2025, falling from -$128.66 million in 2015. The previous period was $76.68 million in 2024. View Galapagos' forecast to see where analysts expect Galapagos to go next.

What is Galapagos' operating income?
Galapagos' total operating income in 2025 was $346.26 million, based on the following breakdown:
  • Total Gross Profit: $1.27 billion
  • Total Operating Expenses: $924.18 million
How has Galapagos' revenue changed over the last 10 years?

Over the last 10 years, Galapagos' total revenue changed from $42.99 million in 2015 to $1.31 billion in 2025, a change of 2,936.6%.

How much debt does Galapagos have?

Galapagos' total liabilities were at $200.27 million at the end of 2025, a 84.4% decrease from 2024, and a 137.8% increase since 2015.

How much cash does Galapagos have?

In the past 10 years, Galapagos' cash and equivalents has ranged from $66.49 million in 2024 to $2.61 billion in 2020, and is currently $103.12 million as of their latest financial filing in 2025.

How has Galapagos' book value per share changed over the last 10 years?

Over the last 10 years, Galapagos' book value per share changed from 0.23 in 2015 to 8.88 in 2025, a change of 3,742.9%.


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Financial statements for NASDAQ:GLPG last updated on 3/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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