Ultragenyx Pharmaceutical (RARE)
NASDAQ:RARE
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Ultragenyx Pharmaceutical (RARE) AI Stock Analysis

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RARE

Ultragenyx Pharmaceutical

(NASDAQ:RARE)

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Neutral 50 (OpenAI - 4o)
Rating:50Neutral
Price Target:
$32.00
▼(-3.26% Downside)
Ultragenyx's overall stock score reflects a challenging financial position with significant profitability issues. The positive earnings call guidance and strategic financial maneuvers provide some optimism, but technical indicators and valuation metrics suggest caution.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and successful product adoption, supporting long-term business expansion.
Financial Position
Securing nondilutive capital strengthens the balance sheet, providing financial flexibility to invest in growth opportunities.
Pipeline Developments
A robust pipeline with late-stage programs enhances future revenue potential and competitive positioning in the biotech sector.
Negative Factors
Profitability Challenges
Ongoing net losses highlight profitability challenges, which may impact long-term sustainability and require strategic cost management.
Regulatory Challenges
Regulatory setbacks can delay product launches, affecting revenue timelines and increasing development costs.
Cash Flow Challenges
Negative cash flows indicate operational inefficiencies, potentially limiting the ability to fund future growth and innovation.

Ultragenyx Pharmaceutical (RARE) vs. SPDR S&P 500 ETF (SPY)

Ultragenyx Pharmaceutical Business Overview & Revenue Model

Company DescriptionUltragenyx Pharmaceutical Inc., a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in North America, Europe, and internationally. Its biologic products include Crysvita (burosumab), an antibody targeting fibroblast growth factor 23 for the treatment of X-linked hypophosphatemia, as well as tumor-induced osteomalacia; Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII; Dojolvi for treating long-chain fatty acid oxidation disorders; and Evkeeza (evinacumab) for the treatment of homozygous familial hypercholesterolemia. The company's products candidatures include DTX401, an adeno-associated virus 8 (AAV8) gene therapy clinical candidate for the treatment of patients with glycogen storage disease type Ia; DTX301, an AAV8 gene therapy for the treatment of patients with ornithine transcarbamylase; UX143, a human monoclonal antibody for the treatment of osteogenesis imperfecta; GTX-102, an antisense oligonucleotide for the treatment of Angelman syndrome; UX701, for the treatment of Wilson disease; and UX053 for the treatment of glycogen storage disease type III. Ultragenyx Pharmaceutical Inc. has collaboration and license agreement with Kyowa Kirin Co., Ltd.; Saint Louis University; Baylor Research Institute; REGENXBIO Inc.; Bayer Healthcare LLC; GeneTx; Mereo; University of Pennsylvania; Arcturus Therapeutics Holdings Inc., Solid Biosciences Inc.; and Daiichi Sankyo Co., Ltd. Ultragenyx Pharmaceutical Inc. was incorporated in 2010 and is headquartered in Novato, California.
How the Company Makes MoneyUltragenyx Pharmaceutical generates revenue primarily through the sale of its approved therapies and products. Key revenue streams include product sales from its marketed drugs, particularly those addressing rare diseases, which are often priced at a premium due to their specialized nature and the significant investment in research and development required to bring them to market. The company also engages in partnerships and collaborations with other pharmaceutical companies and research institutions, which can include co-development agreements and licensing arrangements that provide additional revenue through upfront payments, milestone payments, and royalties on future sales. Furthermore, Ultragenyx may benefit from government incentives for orphan drugs, including tax credits and extended market exclusivity, which can contribute to its financial performance.

Ultragenyx Pharmaceutical Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Analyzes revenue from different business areas, highlighting which segments drive growth and profitability, and indicating strategic focus areas for Ultragenyx Pharmaceutical.
Chart InsightsUltragenyx's revenue from both 'Other' and 'Product' segments shows strong growth momentum, particularly in 2025, aligning with the company's 20% revenue increase in the first half of the year. The earnings call highlights Crysvita's significant contribution, with expectations of 12% to 17% growth over 2024. Despite financial losses and a regulatory setback with UX111, the company remains optimistic about achieving GAAP profitability by 2027, driven by strategic clinical advancements and robust product performance.
Data provided by:Main Street Data

Ultragenyx Pharmaceutical Earnings Call Summary

Earnings Call Date:Nov 04, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 12, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive outlook due to strong financial positioning, consistent revenue growth, and promising pipeline advancements, despite challenges such as net losses and regulatory hurdles.
Q3-2025 Updates
Positive Updates
Strong Financial Position
Ultragenyx received $400 million of nondilutive capital from OMERS, deferring the start of payments until January 2028, which strengthens their financial position.
Consistent Revenue Growth
Ultragenyx's commercial products have delivered consistent double-digit annual revenue growth, with expected total revenue between $640 million and $670 million, representing 14% to 20% growth over last year.
Positive Pipeline Developments
Ultragenyx has 2 BLA submissions in progress and multiple late-stage clinical programs with transformative commercial potential approaching pivotal data readouts.
Crysvita Expansion
Crysvita revenue is expected to grow, with approximately 875 patients on commercial product in Latin America and new patient growth in the United States, Canada, and other regions.
Improvements in Clinical Trials
Positive anecdotal evidence from clinical trials, such as improvements in bone mineral density and patient outcomes with UX143 for osteogenesis imperfecta.
Negative Updates
Net Loss and Cash Burn
Ultragenyx reported a net loss of $180 million or $1.81 per share, with net cash used in operations totaling $366 million for the first 9 months of 2025.
Regulatory Challenges
UX111 received a complete response letter in July, requiring additional data and interactions with the FDA, delaying the BLA resubmission to early 2026.
Seasonal Impact on Crysvita Revenue
Crysvita's third quarter 2025 royalty revenue was impacted by expected seasonality, although underlying growth in new patients continued.
Company Guidance
During the Ultragenyx Third Quarter 2025 Financial Results Conference Call, the company provided guidance indicating robust growth and strategic financial maneuvers. Ultragenyx expects total revenue for 2025 to be between $640 million and $670 million, representing a 14% to 20% growth over 2024. Crysvita's revenue is anticipated to be between $460 million and $480 million, reflecting a 12% to 17% increase. The company also announced a significant financial development, securing $400 million in nondilutive capital from OMERS through a sale of a portion of Crysvita royalties, deferring payments until January 2028. This move is intended to bolster the balance sheet as Ultragenyx approaches pivotal data readouts for its commercial opportunities in osteogenesis imperfecta and Angelman syndrome. The company maintains its path to full-year GAAP profitability by 2027, with key contributions expected from multiple product launches and disciplined financial management.

Ultragenyx Pharmaceutical Financial Statement Overview

Summary
Ultragenyx Pharmaceutical shows revenue growth but faces significant profitability and cash flow challenges. High leverage and negative returns on equity highlight financial risks, despite some improvements in cash flow metrics.
Income Statement
45
Neutral
Ultragenyx Pharmaceutical shows consistent revenue growth, with a TTM growth rate of 3.35%. However, the company struggles with profitability, as indicated by negative net profit and EBIT margins. The gross profit margin remains strong at 83.32% TTM, but the high operating losses suggest significant cost challenges.
Balance Sheet
35
Negative
The company's balance sheet reflects high leverage with a TTM debt-to-equity ratio of 1.33, although this is an improvement from the previous year. The return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is not provided, but the overall financial health appears strained.
Cash Flow
40
Negative
Ultragenyx's cash flow statement reveals negative operating and free cash flows, although there is a slight improvement in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting some efficiency in converting income to cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue630.60M560.23M434.25M363.33M351.41M271.03M
Gross Profit534.05M483.50M389.04M335.01M335.40M264.90M
EBITDA-483.37M-469.00M-516.45M-640.49M-410.32M-139.81M
Net Income-579.83M-569.18M-606.64M-707.42M-454.02M-186.57M
Balance Sheet
Total Assets1.19B1.50B1.49B1.55B1.52B1.76B
Cash, Cash Equivalents and Short-Term Investments425.25M610.02M577.21M747.76M740.20M1.20B
Total Debt863.11M40.34M43.17M31.59M41.97M48.23M
Total Liabilities1.17B1.24B1.22B1.19B599.84M605.18M
Stockholders Equity9.16M255.30M275.41M352.49M922.56M1.15B
Cash Flow
Free Cash Flow-451.39M-421.68M-521.57M-526.59M-411.79M-176.13M
Operating Cash Flow-445.67M-414.19M-474.81M-380.46M-338.69M-132.22M
Investing Cash Flow410.98M-17.77M168.00M-291.65M-195.37M-179.12M
Financing Cash Flow86.99M399.24M388.14M501.21M118.55M600.27M

Ultragenyx Pharmaceutical Technical Analysis

Technical Analysis Sentiment
Positive
Last Price33.08
Price Trends
50DMA
31.63
Positive
100DMA
31.06
Positive
200DMA
34.61
Negative
Market Momentum
MACD
0.21
Positive
RSI
52.44
Neutral
STOCH
74.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RARE, the sentiment is Positive. The current price of 33.08 is below the 20-day moving average (MA) of 33.37, above the 50-day MA of 31.63, and below the 200-day MA of 34.61, indicating a neutral trend. The MACD of 0.21 indicates Positive momentum. The RSI at 52.44 is Neutral, neither overbought nor oversold. The STOCH value of 74.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RARE.

Ultragenyx Pharmaceutical Risk Analysis

Ultragenyx Pharmaceutical disclosed 62 risk factors in its most recent earnings report. Ultragenyx Pharmaceutical reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Ultragenyx Pharmaceutical Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$6.05B8.8097.54%
61
Neutral
730.42%31.63%
52
Neutral
$5.21B-47.18%-76.96%-425.41%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
50
Neutral
$3.19B-325.76%20.63%8.09%
45
Neutral
$2.45B-28.96%23.73%30.16%
40
Underperform
$4.97B-25.33%-81.10%-99.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
RARE
Ultragenyx Pharmaceutical
33.08
-10.70
-24.44%
PTCT
PTC Therapeutics
75.30
36.07
91.94%
CRSP
Crispr Therapeutics AG
52.53
5.23
11.06%
ZLAB
Zai Lab
21.75
-3.42
-13.59%
SWTX
Springworks Therapeutics
46.99
12.43
35.97%
ACLX
Arcellx Inc
89.98
1.76
2.00%

Ultragenyx Pharmaceutical Corporate Events

Ultragenyx (RARE) Earnings Call Highlights Growth and Challenges
Nov 6, 2025

Ultragenyx Pharmaceutical, Inc. recently held its earnings call, where the sentiment was notably optimistic. The company highlighted its strong financial positioning, consistent revenue growth, and promising pipeline advancements, despite facing challenges such as net losses and regulatory hurdles. This positive outlook is underpinned by strategic financial maneuvers and a robust growth trajectory.

Ultragenyx Reports Q3 2025 Financial Results
Nov 5, 2025

Ultragenyx Pharmaceutical Inc., a biopharmaceutical company, specializes in developing and commercializing therapies for rare and ultra-rare genetic diseases. The company has a diverse portfolio of approved medicines and treatment candidates addressing diseases with high unmet medical needs.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Ultragenyx Signs $400M Royalty Purchase Agreement
Positive
Nov 4, 2025

On November 3, 2025, Ultragenyx Pharmaceutical entered into a Royalty Purchase Agreement with OCM LS23 Holdings LP, an investment vehicle of OMERS, for $400 million in cash. This agreement grants OMERS the right to receive a portion of future royalty payments from Crysvita® sales in the U.S. and Canada, with payments starting in January 2028. The deal aims to bolster Ultragenyx’s balance sheet ahead of pivotal milestones, including multiple late-stage data readouts and regulatory submissions. The company reported a 15% revenue growth for the third quarter of 2025 and reaffirmed its 2025 revenue guidance, expecting total revenues between $640 million to $670 million.

The most recent analyst rating on (RARE) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Ultragenyx Pharmaceutical stock, see the RARE Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Ultragenyx Begins Dosing in Aurora Study for Angelman Syndrome
Positive
Oct 30, 2025

On October 30, 2025, Ultragenyx Pharmaceutical announced the dosing of the first patient in the Aurora study, which evaluates the efficacy and safety of GTX-102 for Angelman syndrome across a broader patient population. The Aurora study aims to include approximately 60 participants with various genotypes and age ranges, expanding beyond the Phase 3 Aspire study’s focus on patients with full maternal UBE3A gene deletion. This development signifies a strategic expansion in Ultragenyx’s clinical research efforts, potentially enhancing its market position and offering new treatment options for Angelman syndrome patients.

The most recent analyst rating on (RARE) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Ultragenyx Pharmaceutical stock, see the RARE Stock Forecast page.

Ultragenyx’s MPS VII Study: A Closer Look at Market Implications
Oct 27, 2025

Ultragenyx Pharmaceutical, Inc. is conducting a study titled ‘Mucopolysaccharidosis VII Disease Monitoring Program (MPS VII DMP)’ to monitor the presentation and progression of MPS VII, also known as Sly Syndrome. The study aims to assess the long-term effectiveness and safety of vestronidase alfa, focusing on hypersensitivity reactions and immunogenicity.

Ultragenyx’s Ongoing Study on UX111: A Potential Game-Changer for MPS IIIA Treatment
Oct 27, 2025

Ultragenyx Pharmaceutical Inc. is conducting a follow-up study titled ‘A Long-term Follow-up Study of Patients With MPS IIIA From Gene Therapy Clinical Trials Involving the Administration of ABO-102 (scAAV9.U1a.hSGSH).’ The study aims to evaluate the safety, tolerability, and efficacy of UX111 (formerly ABO-102) in patients with Mucopolysaccharidosis IIIA (MPS IIIA), a rare genetic disorder. This research is significant as it could lead to improved treatments for this debilitating condition.

Ultragenyx’s LC-FAOD Study: A Strategic Move in Rare Disease Management
Oct 27, 2025

Study Overview: Ultragenyx Pharmaceutical Inc. is conducting a study titled ‘Long-Chain Fatty Acid Oxidation Disorders In-Clinic Disease Monitoring Program (LC-FAOD DMP)’. The study aims to assess the long-term safety of patients with LC-FAOD, focusing on outcomes related to pregnancy, infants, and lactation. This research is significant as it seeks to provide critical insights into the management and treatment of LC-FAOD, a rare metabolic disorder.

Ultragenyx’s GTX-102 Study: A Potential Game-Changer for Angelman Syndrome
Oct 27, 2025

Study Overview: The clinical study titled ‘A Long-term Extension Trial Investigating the Safety and Efficacy of GTX-102 in Patients With Angelman Syndrome’ aims to evaluate the long-term safety of GTX-102 in individuals with Angelman Syndrome. This study is significant as it addresses the need for sustained treatment options for this rare genetic disorder, potentially improving patient outcomes.

Ultragenyx’s DTX401 Study: A Decade-Long Commitment to Patient Safety
Oct 27, 2025

Ultragenyx Pharmaceutical, Inc. is currently conducting a study titled ‘GSDIa Disease Monitoring Program’ to evaluate the long-term safety and effectiveness of DTX401 in patients with Glycogen Storage Disease Type Ia (GSDIa). This observational study aims to monitor patients for at least ten years following the administration of DTX401, highlighting its significance in understanding the long-term impact of the treatment.

Ultragenyx’s GTX-102 Study: A Potential Game-Changer for Angelman Syndrome
Oct 27, 2025

Ultragenyx Pharmaceutical, Inc. is conducting a Phase 2 clinical study titled A Safety and Efficacy Study of GTX-102 in Subjects With Deletion- or Nondeletion-type Angelman Syndrome (AS). The primary objective of this study is to assess the safety and efficacy of GTX-102, a treatment aimed at individuals with Angelman Syndrome, a rare genetic disorder. This study is significant as it explores potential therapeutic options for a condition with limited treatment avenues.

Business Operations and StrategyProduct-Related Announcements
Ultragenyx Reports Positive Phase 3 Gene Therapy Results
Positive
Sep 8, 2025

Ultragenyx Pharmaceutical announced positive long-term results from its Phase 3 study of DTX401 AAV gene therapy for glycogen storage disease type Ia, presented at the International Congress of Inborn Errors of Metabolism 2025 in Kyoto, Japan. The study showed significant reductions in cornstarch intake and improved glycemic control, with participants reporting enhanced quality of life and the therapy demonstrating an acceptable safety profile. These findings underscore the potential of DTX401 to transform treatment for GSDIa, reinforcing Ultragenyx’s position in the rare disease market and offering promising implications for patients and stakeholders.

The most recent analyst rating on (RARE) stock is a Buy with a $105.00 price target. To see the full list of analyst forecasts on Ultragenyx Pharmaceutical stock, see the RARE Stock Forecast page.

Product-Related AnnouncementsRegulatory Filings and Compliance
Ultragenyx Begins FDA Application for DTX401 Gene Therapy
Positive
Aug 18, 2025

On August 18, 2025, Ultragenyx Pharmaceutical announced the start of a rolling submission of a Biologics License Application to the FDA for DTX401, a gene therapy for Glycogen Storage Disease Type Ia. The submission includes promising 96-week data from a Phase 3 study showing significant reductions in daily cornstarch intake among patients. The company plans to complete the submission by the fourth quarter of 2025, addressing FDA observations related to manufacturing and controls.

The most recent analyst rating on (RARE) stock is a Buy with a $81.00 price target. To see the full list of analyst forecasts on Ultragenyx Pharmaceutical stock, see the RARE Stock Forecast page.

Ultragenyx Earnings Call: Clinical Wins Amid Financial Challenges
Aug 7, 2025

Ultragenyx Pharmaceutical, Inc. recently held its earnings call, revealing a balanced sentiment characterized by significant clinical advancements and robust revenue growth, juxtaposed with financial losses and regulatory challenges. The completion of the GTX-102 Phase III enrollment ahead of schedule and the attainment of Breakthrough Therapy designation were notable highlights, although these were offset by a complete response letter (CRL) for UX111, indicating a cautious optimism moving forward.

Ultragenyx Reports Growth Amidst Strategic Advancements
Aug 6, 2025

Ultragenyx Pharmaceutical Inc., a biopharmaceutical company, is dedicated to developing and commercializing novel therapies for rare and ultra-rare genetic diseases. The company operates in the biotechnology sector and is known for its focus on addressing high unmet medical needs with innovative 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: Nov 06, 2025