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Alnylam Pharmaceuticals (ALNY)
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Alnylam Pharma (ALNY) AI Stock Analysis

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ALNY

Alnylam Pharma

(NASDAQ:ALNY)

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Neutral 60 (OpenAI - 4o)
Rating:60Neutral
Price Target:
$479.00
▲(0.65% Upside)
Alnylam Pharma's overall stock score is primarily influenced by its strong earnings call performance, which highlights significant revenue growth and positive future guidance. However, financial performance remains a concern due to high leverage and negative profitability, which are significant risks. Technical analysis indicates strong momentum but warns of potential overbought conditions. Valuation metrics are weak due to negative earnings and lack of dividends.
Positive Factors
Revenue Growth
Strong revenue growth driven by successful product launches indicates robust market demand and enhances long-term financial stability.
Product Launch Success
The successful launch of AMVUTTRA demonstrates Alnylam's effective commercialization strategy, supporting sustained revenue growth and market expansion.
Global Expansion
Regulatory approvals in key markets enhance Alnylam's global reach, allowing access to a larger patient base and supporting long-term growth.
Negative Factors
High Leverage
High leverage can strain financial resources, limiting flexibility and increasing risk, potentially impacting long-term financial health.
Negative Profitability
Persistent negative profitability despite efficient production indicates challenges in cost management, affecting long-term financial sustainability.
Decreased Collaboration Revenue
Reduced collaboration revenue may limit funding for R&D and strategic initiatives, impacting future growth and innovation potential.

Alnylam Pharma (ALNY) vs. SPDR S&P 500 ETF (SPY)

Alnylam Pharma Business Overview & Revenue Model

Company DescriptionAlnylam Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of therapies based on RNA interference (RNAi). Founded in 2002 and headquartered in Cambridge, Massachusetts, Alnylam is a leader in the RNAi therapeutics sector, aiming to treat a range of diseases by silencing specific genes. The company's core products include Onpattro (patisiran), which is approved for the treatment of hereditary transthyretin-mediated amyloidosis, and several other investigational therapies targeting various genetic disorders and conditions.
How the Company Makes MoneyAlnylam Pharmaceuticals generates revenue primarily through the sale of its approved therapies, most notably Onpattro. The company also earns income through collaborations and partnerships with other pharmaceutical companies, which may include upfront payments, milestone payments based on development progress, and royalties on product sales. Notable partnerships with companies like Sanofi and Regeneron have further enhanced its revenue streams, allowing for shared development costs and increased market reach. Additionally, Alnylam may receive government grants and funding for research projects, contributing to its earnings.

Alnylam Pharma Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Analyzes income from different business areas, highlighting which segments drive growth and profitability, and indicating strategic focus areas.
Chart InsightsAlnylam Pharma's revenue growth is primarily driven by the robust performance of Amvuttra, which has seen significant uptake since its launch, contributing to a 77% increase in the TTR franchise. The recent earnings call highlighted a strong financial outlook, with increased revenue guidance for 2025, reflecting confidence in sustained growth across the portfolio. Despite decreased collaboration revenue and increased operating expenses, the company's strategic focus on international expansion and successful product launches, particularly Amvuttra, are key drivers of its positive financial trajectory.
Data provided by:Main Street Data

Alnylam Pharma Earnings Call Summary

Earnings Call Date:Jul 31, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Positive
The earnings call for Alnylam Q2 2025 highlighted strong commercial performance and successful product launches, particularly for AMVUTTRA in ATTR-CM, leading to an upgraded financial outlook. Despite some decreases in collaboration revenue and product sales margins, the overall sentiment remains highly positive due to the robust growth and positive future guidance.
Q2-2025 Updates
Positive Updates
Exceptional Q2 Commercial Performance
Alnylam's Q2 commercial portfolio delivered $672 million in net product revenues, representing 64% year-over-year and 43% quarter-over-quarter growth. The U.S. TTR performance was the major driver of growth, particularly due to the ATTR-CM launch for AMVUTTRA.
Successful Launch of AMVUTTRA in ATTR-CM
In the first full quarter of the ATTR-CM launch, Alnylam reported $544 million in global net TTR product revenues, a 77% increase compared to Q2 2024. Approximately 1,400 cardiomyopathy patients were receiving AMVUTTRA, contributing an estimated $150 million in revenue.
Upgraded Financial Guidance
Alnylam increased its 2025 net product revenue guidance from a range of $2.05 billion to $2.25 billion to a revised range of $2.65 billion to $2.8 billion, representing a 27% increase at the midpoint.
FDA Fast Track Designation for Nucresiran
The FDA granted Fast Track Designation to nucresiran for ATTR-CM, enabling a more streamlined review process.
Global Expansion
AMVUTTRA has regulatory approvals in Europe, Japan, and Brazil, with launches in Germany and Japan unlocking access to more patients worldwide.
Negative Updates
Decreased Collaboration Revenue
Collaboration revenue for the quarter was $61 million, representing a $166 million decrease compared to last year, primarily due to the modification of the cemdisiran collaboration agreement with Regeneron.
Decreased Gross Margin on Product Sales
Gross margin on product sales decreased to 79% for the quarter compared to 84% in Q2 2024, primarily driven by increased royalties on AMVUTTRA.
Company Guidance
During Alnylam's Q2 2025 earnings call, the company announced robust financial performance and upwardly revised guidance. Alnylam reported $672 million in total net product revenues, marking a 64% year-over-year increase, driven by the TTR franchise's $544 million revenue, which grew by 77% year-over-year. The launch of AMVUTTRA for ATTR-CM was a significant contributor, with approximately 1,400 patients on therapy as of June 30, generating an estimated $150 million in revenue. Consequently, Alnylam raised its 2025 total net product revenues guidance from a range of $2.05 billion to $2.25 billion to a revised $2.65 billion to $2.8 billion, reflecting a $575 million increase, or 27% at the midpoint. The company also highlighted ongoing international expansions and advancements in its RNAi therapeutic pipeline, including the initiation of the TRITON-CM Phase III study for nucresiran and encouraging Phase I data for mivelsiran in Alzheimer's disease.

Alnylam Pharma Financial Statement Overview

Summary
Alnylam Pharma faces significant financial challenges with negative net profit margins, high leverage, and negative cash flows, despite a strong gross profit margin. The company's financial stability is at risk due to its high debt levels and ongoing losses.
Income Statement
45
Neutral
Alnylam Pharma shows a modest revenue growth rate of 4.85% in the TTM, but profitability remains a concern with negative net profit and EBIT margins. The gross profit margin is relatively strong at 58.02%, indicating efficient production, but the company struggles to convert this into net profits.
Balance Sheet
30
Negative
The company has a high debt-to-equity ratio of 5.18 in the TTM, indicating significant leverage, which could pose financial risks. The return on equity is negative, reflecting ongoing losses. The equity ratio is low, suggesting limited equity financing relative to total assets.
Cash Flow
40
Negative
Alnylam Pharma's cash flow situation is challenging, with negative operating and free cash flows. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses, but overall cash flow growth is negative, indicating potential liquidity issues.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.46B2.25B1.83B1.04B844.29M492.85M
Gross Profit2.06B1.92B1.52B868.60M704.14M414.80M
EBITDA-170.93M-178.85M-258.24M-926.56M-661.56M-736.33M
Net Income-319.09M-278.16M-440.24M-1.13B-852.82M-858.28M
Balance Sheet
Total Assets4.57B4.24B3.83B3.55B3.64B3.41B
Cash, Cash Equivalents and Short-Term Investments2.86B2.69B2.44B2.19B2.44B1.87B
Total Debt1.30B1.30B1.31B1.32B997.59M521.19M
Total Liabilities4.32B4.17B4.05B3.70B3.06B2.39B
Stockholders Equity250.59M67.09M-220.64M-158.22M588.20M1.02B
Cash Flow
Free Cash Flow-52.09M-42.59M41.95M-613.33M-718.07M-685.32M
Operating Cash Flow-15.54M-8.31M104.16M-541.27M-641.69M-614.96M
Investing Cash Flow-110.77M-116.84M-336.35M169.35M-273.30M-435.52M
Financing Cash Flow231.59M294.16M172.13M425.75M1.25B994.98M

Alnylam Pharma Technical Analysis

Technical Analysis Sentiment
Positive
Last Price475.91
Price Trends
50DMA
460.31
Positive
100DMA
403.83
Positive
200DMA
332.79
Positive
Market Momentum
MACD
5.72
Positive
RSI
57.26
Neutral
STOCH
40.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALNY, the sentiment is Positive. The current price of 475.91 is above the 20-day moving average (MA) of 466.85, above the 50-day MA of 460.31, and above the 200-day MA of 332.79, indicating a bullish trend. The MACD of 5.72 indicates Positive momentum. The RSI at 57.26 is Neutral, neither overbought nor oversold. The STOCH value of 40.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALNY.

Alnylam Pharma Risk Analysis

Alnylam Pharma disclosed 45 risk factors in its most recent earnings report. Alnylam Pharma reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Alnylam Pharma Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$17.90B15.3630.39%18.09%3563.21%
$51.08B39.2924.75%89.58%
$108.04B30.0322.77%10.38%
$17.93B14.4326.08%23.25%64.46%
$62.38B-257.82%5.01%-330.09%
$25.25B-1.81%7.51%30.53%
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ALNY
Alnylam Pharma
475.91
194.42
69.07%
INCY
Incyte
91.65
17.72
23.97%
VRTX
Vertex Pharmaceuticals
422.39
-52.69
-11.09%
ARGX
Argenx Se
836.39
284.68
51.60%
GMAB
Genmab
29.13
6.56
29.07%
BNTX
BioNTech SE
105.03
-8.91
-7.82%

Alnylam Pharma Corporate Events

Alnylam and Regeneron Join Forces in Promising Alzheimer’s Study
Oct 9, 2025

Study Overview: Alnylam Pharmaceuticals, in collaboration with Regeneron Pharmaceuticals, is conducting a Phase 1 study titled A Phase 1, Randomized, Placebo-controlled Study With a Double Blind Period With Open-label Extension Period to Evaluate the Safety, Tolerability, Pharmacokinetics and Pharmacodynamics of Intrathecally Administered ALN-5288 in Adult Patients With Alzheimer’s Disease. The study aims to assess the safety, tolerability, and pharmacokinetic and pharmacodynamic effects of ALN-5288 in patients with Alzheimer’s Disease, marking a significant step in addressing this challenging condition.

Private Placements and Financing
Alnylam Pharma Secures $500M Credit Agreement
Neutral
Oct 3, 2025

On September 30, 2025, Alnylam Pharmaceuticals entered into a Credit Agreement with Bank of America and other lenders, securing a $500 million revolving line of credit. This agreement, which includes a $150 million letter of credit sublimit, allows Alnylam to use the funds for working capital and general corporate purposes. The credit facility is subject to various financial covenants, including maintaining specific leverage and interest coverage ratios, and is secured by the company’s assets. The maturity date for the credit facility is September 30, 2030, with provisions for early maturity under certain conditions.

The most recent analyst rating on (ALNY) stock is a Buy with a $471.00 price target. To see the full list of analyst forecasts on Alnylam Pharma stock, see the ALNY Stock Forecast page.

Alnylam Pharmaceuticals Completes Phase 1 Study of ALN-AGT01 RVR
Sep 19, 2025

Alnylam Pharmaceuticals recently completed a Phase 1 clinical study titled A Phase 1, Randomized, Double-blind, Placebo-controlled, Single Ascending Dose Study of the Safety, Tolerability, and Pharmacokinetics of ALN-AGT01 RVR in Adult Healthy Volunteers. The study aimed to assess the safety, tolerability, and pharmacokinetics of ALN-AGT01 RVR, a new drug candidate, in healthy adults. This research is significant as it lays the groundwork for future clinical trials and potential therapeutic applications.

Stock BuybackPrivate Placements and Financing
Alnylam Pharma Executes Note Repurchase Transactions
Neutral
Sep 12, 2025

Alnylam Pharma has engaged in financial maneuvers involving convertible senior notes. The company offered and sold notes to initial purchasers under exemptions from registration, with potential issuance of up to 1,381,483 shares of common stock upon conversion. Concurrently, Alnylam executed note repurchase transactions, buying back approximately $637.8 million of its 1.00% convertible senior notes due 2027 for around $1,105.8 million, influenced by market conditions.

The most recent analyst rating on (ALNY) stock is a Buy with a $515.05 price target. To see the full list of analyst forecasts on Alnylam Pharma stock, see the ALNY Stock Forecast page.

Private Placements and Financing
Alnylam Pharma Announces $500M Convertible Notes Offering
Neutral
Sep 10, 2025

On September 8, 2025, Alnylam Pharmaceuticals announced a proposed private offering of $500 million in convertible senior notes due 2028, targeting qualified institutional buyers. The offering aims to support capped call transactions and repurchase existing notes, potentially impacting Alnylam’s stock market activity and conversion price. The company plans to use the proceeds for these financial strategies and general corporate purposes, with implications for its market positioning and stakeholder interests.

The most recent analyst rating on (ALNY) stock is a Buy with a $470.00 price target. To see the full list of analyst forecasts on Alnylam Pharma stock, see the ALNY Stock Forecast page.

Alnylam’s TRITON-CM Study: A Potential Breakthrough in Cardiomyopathy Treatment
Sep 7, 2025

Alnylam Pharmaceuticals is conducting a Phase 3 study titled ‘TRITON-CM: A Study to Evaluate Nucresiran in Patients With Transthyretin Amyloidosis With Cardiomyopathy.’ The study aims to assess the effectiveness of nucresiran in reducing mortality and cardiovascular events in patients suffering from this condition, while also evaluating its impact on patients’ health status and quality of life.

Alnylam’s Vutrisiran Study Advances in Treating Rare Cardiomyopathy
Sep 7, 2025

Study Overview: Alnylam Pharmaceuticals is conducting an open-label extension study titled An Open-Label Extension Study to Assess the Safety and Efficacy of Vutrisiran in Patients With Transthyretin Amyloidosis With Cardiomyopathy. The study aims to gather data on the safety, efficacy, and pharmacodynamics of vutrisiran in patients with ATTR amyloidosis with cardiomyopathy, either continuing or switching from patisiran. This research is significant as it addresses a critical need for effective treatments for this rare condition.

Alnylam’s Phase 2 CAA Study: A Potential Game-Changer in Neurological Treatments
Aug 29, 2025

Study Overview: Alnylam Pharmaceuticals is conducting a Phase 2 trial titled ‘A Phase 2, Randomized, Double-blind, Placebo-controlled Study to Evaluate the Efficacy, Safety, Tolerability, and Pharmacodynamics of Intrathecally Administered ALN-APP in Patients With Cerebral Amyloid Angiopathy (CAA).’ The study aims to assess the impact of ALN-APP on CAA disease progression and evaluate its safety and tolerability in patients with sporadic and Dutch-type CAA.

Alnylam Pharmaceuticals’ ELEVATE Study: A Closer Look at AHP Management
Aug 27, 2025

Study Overview: Alnylam Pharmaceuticals is conducting a study titled ‘ELEVATE, a Global Observational Longitudinal Prospective Registry of Patients With Acute Hepatic Porphyria (AHP).’ The study aims to understand the natural history and real-world management of AHP, as well as evaluate the safety and effectiveness of givosiran and other approved therapies. This research is significant as it seeks to enhance the understanding of AHP and improve treatment strategies.

Alnylam’s ALN-APP Study: A Promising Step in Alzheimer’s Treatment
Aug 27, 2025

Alnylam Pharmaceuticals is conducting a clinical study titled ‘A Randomized, Double-blind, Placebo-controlled Single Ascending Dose and Open-label Multi-dose Study to Evaluate the Safety, Tolerability, Pharmacokinetics and Pharmacodynamics of Intrathecally Administered ALN-APP in Adult Patients With Early-onset Alzheimer’s Disease (EOAD)’. The study aims to assess the safety and tolerability of ALN-APP, a drug administered via intrathecal injection, in patients with EOAD. This research is significant as it explores potential treatments for a challenging condition.

Alnylam’s NeuroFeeL Study: A Potential Game-Changer for hATTR Amyloidosis
Aug 27, 2025

Study Overview: Alnylam Pharmaceuticals is conducting an observational study titled NeuroFeeL Study to evaluate Neurofilament Light Chain (NfL) levels as a biomarker in asymptomatic carriers of Transthyretin (TTR) gene variants and patients with hereditary transthyretin-mediated (hATTR) amyloidosis with polyneuropathy. The study aims to assess NfL’s potential for diagnosing, detecting disease onset, monitoring progression, and evaluating treatment response, which could significantly enhance patient management and outcomes.

Alnylam’s ConTTRibute Study: A Closer Look at Real-World Impact on ATTR Amyloidosis
Aug 27, 2025

Alnylam Pharmaceuticals is conducting a global observational study titled ‘ConTTRibute: A Global Observational Multicenter Long-Term Study of Patients With Transthyretin (TTR)-Mediated Amyloidosis (ATTR Amyloidosis)’. The study aims to describe the epidemiological and clinical characteristics, natural history, and real-world management of ATTR amyloidosis patients. It also seeks to assess the safety and effectiveness of patisiran and vutrisiran in routine clinical practice, and to observe disease progression in pre-symptomatic carriers of a TTR variant.

Alnylam’s ALN-HTT02 Study: A Potential Game-Changer for Huntington’s Disease
Aug 27, 2025

Study Overview: Alnylam Pharmaceuticals is conducting a study titled A Randomized, Double-blind, Placebo-controlled Study, to Evaluate the Safety, Tolerability, Pharmacokinetics, and Pharmacodynamics of Intrathecally Administered Single Ascending Doses of ALN-HTT02 in Adult Patients With Huntington’s Disease. The study aims to assess the safety and effectiveness of ALN-HTT02, a potential treatment for Huntington’s Disease, a progressive brain disorder.

Alnylam’s Patisiran-LNP Study: Key Insights for Investors
Aug 27, 2025

Alnylam Pharmaceuticals is conducting a study titled ‘Patisiran-Lipid Nanoparticle (LNP) Pregnancy Surveillance Program’ to assess pregnancy outcomes in women exposed to patisiran-LNP. This study aims to gather data on pregnancy complications and fetal/neonatal outcomes, providing crucial insights into the safety of this treatment during pregnancy.

Alnylam’s Innovative Approach in Liver Cancer Treatment: A Phase 1 Study Update
Aug 27, 2025

Study Overview: Alnylam Pharmaceuticals is conducting a Phase 1 study titled A Phase 1 Study of ALN-BCAT as Monotherapy and in Combination With Pembrolizumab in Patients With Advanced or Metastatic Hepatocellular Carcinoma. The study aims to assess the safety, tolerability, and antitumor activity of ALN-BCAT, both alone and with pembrolizumab, in patients with advanced stages of liver cancer. This research is significant as it explores new treatment avenues for a challenging condition.

Alnylam’s Vutrisiran Study: A Potential Game-Changer for ATTR Amyloidosis Treatment?
Aug 14, 2025

Alnylam Pharmaceuticals is conducting a study titled ‘An Open-Label Extension Study to Assess the Safety and Efficacy of Vutrisiran in Patients With Transthyretin Amyloidosis With Cardiomyopathy.’ The study aims to gather data on the safety, efficacy, and pharmacodynamics of vutrisiran in patients with ATTR amyloidosis with cardiomyopathy, focusing on those continuing or switching from patisiran.

Alnylam’s Vutrisiran Study: A Potential Game-Changer for Cardiomyopathy Treatment
Aug 12, 2025

Study Overview: Alnylam Pharmaceuticals is conducting an open-label extension study titled An Open-Label Extension Study to Assess the Safety and Efficacy of Vutrisiran in Patients With Transthyretin Amyloidosis With Cardiomyopathy. The study aims to gather safety, efficacy, and pharmacodynamic data on vutrisiran for patients with transthyretin amyloidosis with cardiomyopathy, either continuing from previous use or switching from patisiran. This research is significant as it seeks to provide insights into long-term treatment options for this condition.

Alnylam’s Q2 2025 Earnings Call Highlights Robust Growth
Aug 2, 2025

Alnylam Pharmaceuticals’ recent earnings call for Q2 2025 was marked by a positive sentiment, driven by strong revenue growth and successful product launches. Despite some challenges, such as decreased collaboration revenue and increased operating expenses, the company’s significant achievements and robust financial performance set an optimistic tone for the future.

Alnylam Pharmaceuticals Reports Strong Q2 2025 Growth
Aug 1, 2025

Alnylam Pharmaceuticals, Inc., a leader in RNA interference (RNAi) therapeutics, focuses on developing innovative medicines for rare and prevalent diseases, leveraging Nobel Prize-winning science to transform patient care.

Alnylam’s ALN-APP Study: A Potential Game-Changer for Early-Onset Alzheimer’s
Jul 28, 2025

Study Overview: Alnylam Pharmaceuticals is conducting a study titled ‘A Randomized, Double-blind, Placebo-controlled Single Ascending Dose and Open-label Multi-dose Study to Evaluate the Safety, Tolerability, Pharmacokinetics and Pharmacodynamics of Intrathecally Administered ALN-APP in Adult Patients With Early-onset Alzheimer’s Disease (EOAD)’. The primary goal is to assess the safety and tolerability of ALN-APP in patients with EOAD, which could provide significant insights into treatment options for this challenging condition.

Alnylam’s ALN-TTRSC04: A Promising Phase 1 Study Update
Jul 24, 2025

Alnylam Pharmaceuticals is conducting a Phase 1 clinical study titled A Phase 1, Randomized, Double-Blind, Placebo Controlled, Single-Ascending Dose Study to Evaluate the Safety, Tolerability, Pharmacokinetics (PK), and Pharmacodynamics (PD) of Subcutaneously Administered ALN-TTRSC04 in Healthy Subjects. The study aims to assess the safety and tolerability of ALN-TTRSC04, a drug administered via subcutaneous injection, in healthy individuals. This research is significant as it explores the pharmacokinetics and pharmacodynamics of the drug, potentially paving the way for new treatments.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025