Flagship explainer

How ALNYLAM PHARMACEUTICALS, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$3.7B · 100%Cost of revenue$677M · 18%Gross profit$3.0B · 82%Operating income$502M · 14%Income before tax$323M · 9%Income tax$9.4M · 0%Net income$314M · 8%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$3.7B100%
Cost of revenue$677M18%
$3.0B82%
$502M14%
Income before tax$323M9%
Income tax$9.4M0%
$314M8%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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