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Alkermes
NASDAQ: ALKS Healthcare Pharma 🔎 Screen
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$8.0B
Market Cap
19.6
P/E
1.76
PEG
20.2%
ROCE
14.7%
ROE
0.03
D/E
17.2%
OPM
-11.5%
% from 52W High
87
α RS
🔍 ALKS is showing a high-conviction setup because it matches 14 of 37 tracked screener presets, Sector RRG has Health Care in the Leading quadrant with the trail still strengthening, and RS Rating is 87. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 14/37 · Health Care in Leading quadrant · RS Rating 87
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🌏 Global Investor Returns
Currency-adjusted total returns for ALKS including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Alkermes plc, a biopharmaceutical company, engages in the research, development, and commercialization of pharmaceutical products to address unmet medical needs of patients in therapeutic areas in the United States, Ireland, and internationally.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding ALKS
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 6.16M $217.8M 0.34% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Confident Specific ↑ Improving 4 quarters Full tone analysis in Intelligence →
📊 MIXED Alkermes Q1 revenue up 38% to $393M, acquires Avadel for LUMRYZ entry in sleep.
Revenue & Profitability
For Q1 2026, total revenues were $392.9 million, proprietary product net sales grew 38% year-over-year to $338.1 million, GAAP net loss was $66.5 million, and adjusted EBITDA was $80.3 million. LYBALVI net sales increased 32% year-over-year to $92.4 million. The company expects full-year 2026 adjusted EBITDA above $370 million.
Outlook
Management sees a multi-billion dollar opportunity in sleep medicine (narcolepsy and idiopathic hypersomnia) and views the orexin pathway as having broad potential beyond hypersomnolence, including ADHD and fatigue. The entry of Eli Lilly into the orexin space is seen as external validation. Headwinds include potential generic competition for VIVITROL (Teva in 2027) and multi-source generics for XYREM, but LUMRYZ has not been impacted.
Growth Drivers
Key growth drivers include LUMRYZ (narcolepsy and potential IH approval in 2028), the alixorexton phase III Brilliance program in narcolepsy, expansion into ADHD with ALKS 7290 (phase Ib and phase II starting 2026), and fatigue in MS/Parkinson's with ALKS 4510. LYBALVI continues to grow with prescriber breadth expansion. VIVITROL is expected to be stable with a focus on alcohol dependence.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Adjusted EBITDA for Q1 2026 was $80.3 million, with Q2 guidance of $100-$120 million. Full-year 2026 adjusted EBITDA is expected to exceed $370 million. Cost of goods sold for 2026 is now projected at $320-$340 million, and SG&A for Q2 is expected at $210-$220 million. R&D expenses are increasing due to pipeline investments ($110-$120 million expected in Q2).
Key Risks
Risks include potential impact of Teva's generic VIVITROL in 2027, net price pressure from multi-source generics for XYREM, competitive dynamics in the orexin space (Lilly), enrollment and execution risks for phase III studies, and the ability to rapidly pay down acquisition debt. The company also faces uncertainties around regulatory approvals for LUMRYZ in IH and alixorexton.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-28
Q2 2026 saw strong revenue growth, driven by proprietary products and the successful integration of LUMRYZ. The orexin pipeline advanced with positive clinical data, while commercial execution and expanded access for key brands support long-term growth.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 saw strong revenue growth and successful integration of Avadel and LUMRYZ, with proprietary product sales up 38% year-over-year. Guidance for 2026 was raised for key metrics, and the orexin pipeline advanced in narcolepsy, IH, ADHD, and fatigue.
Q4 2025 Q4 2025 2026-02-25
2025 delivered strong revenue growth and profitability, driven by proprietary products and the Avadel acquisition, which expands the sleep medicine portfolio. 2026 guidance projects further revenue and adjusted EBITDA growth, with key pipeline advances in orexin agonists and LUMRYZ.
Q3 2025 Q3 2025 2025-10-28
Q3 results exceeded expectations with 16% year-over-year growth in proprietary product sales and raised 2025 guidance. The proposed Avadel acquisition will diversify the portfolio and accelerate entry into sleep medicine, while the orexin-2 pipeline advances with key data readouts ahead.
Q2 2025 Q2 2025 2025-07-29
Q2 2025 saw robust revenue and profitability growth, driven by strong proprietary product demand and favorable gross-to-net dynamics. Positive Phase 2 results for Alixorexton in narcolepsy type 1 support advancement to Phase 3, with a strong balance sheet and pipeline progress positioning for continued growth.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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