10x Insights
Loading account…
Companies / Health Care / Annexon, Inc.
ANNX

Annexon, Inc.

Health CarePharmaceutical Preparations
Ticker ANNXBRISBANE, CAFiscal year ends DecemberBook value per share $0.94Diluted shares 197.6M

Annexon, Inc. (Nasdaq: ANNX) is a clinical-stage biopharmaceutical company developing targeted immunotherapies for diseases associated with abnormal activation of the classical complement pathway. Its product candidates aim to inhibit C1q or related pathway components in autoimmune, neurodegenerative and ophthalmic… From the company’s description.

In fiscal 2025, Annexon, Inc. reported a net loss of $206.69M. Operations used $186.36M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-206.69MFY2025
−49.6% year over year
Last 12 mo $-202.67M
-97.66%FY2025
−50.5 percentage points
Last 12 mo -108.93%
Cash & financing
$-186.36MFY2025
−57.9% year over year
Last 12 mo $-193.03M
$-186.49MFY2025
−58.0% year over year
Last 12 mo $-193.22M
—
155.1MFY2025
+12.9% year over year
Last 12 mo 197.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Annexon, Inc. does

In the company’s own words

Annexon, Inc. (Nasdaq: ANNX) is a clinical-stage biopharmaceutical company developing targeted immunotherapies for diseases associated with abnormal activation of the classical complement pathway. Its product candidates aim to inhibit C1q or related pathway components in autoimmune, neurodegenerative and ophthalmic conditions. Tanruprubart, an investigational antibody, is being developed for Guillain-Barré syndrome, an acute neurological disease; the company filed a European marketing application for the candidate in 2026 and is conducting a study in the United States and Europe. Vonaprument, an investigational C1q inhibitor delivered into the eye, is in Phase 3 development for geographic atrophy, an advanced form of dry age-related macular degeneration. ANX1502 is an oral small molecule being evaluated for autoimmune conditions, including cold agglutinin disease. Other programs include candidates studied in Huntington’s disease, amyotrophic lateral sclerosis and lupus nephritis. Annexon retains worldwide development and commercialization rights to its product candidates, including rights held through exclusive licenses. The company was co-founded by scientist Ben Barres and researcher Arnon Rosenthal.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
BRISBANE, CA
Fiscal year end
December
CIK
1528115
SIC
2834

Financial performance, year by year

Fiscal 2020–2025 · USD
$-221.02M$-178.03M$-135.05M$-92.07M$-49.08M202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Annexon, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

188
funds hold it
0 of 35
superinvestors hold it
$293.11M
held by funds, at market

Largest fund holders · Annexon, Inc.’s weight in each

0.33%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Select Biotechnology Portfolio
FBIOX · Fidelity Select Portfolios
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Annexon, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Annexon, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Annexon, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.