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RARE · Ultragenyx Pharmaceutical Inc.

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$26.49 +0.11 (+0.42%) At close · Aug 14
Market Cap
$2.61B
Shares
98.59M
All earnings calls

Earnings call · FY2026 Q2

Ultragenyx Pharmaceutical Inc. Q2 FY2026 Earnings Call

Ultragenyx Pharmaceutical Inc. Q2 FY2026 Earnings Call

Concluded Aug 4, 2026 Audio replay
Aug 4, 2026 7:10 9 turns
Period
FY2026 Q2
Runtime
7:10
Sources
5 artifacts

Executive readout · one minute

What matters this quarter

Ultragenyx reported record quarterly revenue, reaffirmed 2026 guidance, and remains on track for profitability in 2027. The second half includes two PDUFA dates and the pivotal GTX-102 Phase 3 readout, while UX143 may require another randomized study before U.K. regulatory review.

Angelman syndrome Phase III (GTX102) endpoints and design 10 DTX401 regulatory progress 5 UX143 (citruzumab) for osteogenesis imperfecta 5 GTS1-2 Phase III ASPIRE readout 4 Long-term GTX102 durability and safety 4 UX111 regulatory progress 4

Management tone

Positive

Net tone +35 · moderate hedging

Grounding quotes
  • “The Phase I to open-label single-arm data demonstrates substantial clinical benefit, well beyond what might be considered with placebo”
  • “While neither study hit statistical significance for the primary endpoints of annualized fracture reductions, we did see clear signals of biologic activity”
  • “We will see the data when they come.”

Forward guidance

2 guided metrics

Management's latest ranges and targets are included below.

Research coverage

5 live sources

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Revenue $214.00M +28.1% YoY
Diluted EPS -$0.90
Net income -$92.00M

Research materials

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Key takeaways

What improved, and what deserves a closer read.

Constructive signals

  • Second-quarter revenue reached a company record of $214 million and supports its 2026 outlook.
  • Two gene therapies have upcoming FDA decision dates, including DTX401 on August 23, 2026 and UX111 on September 19, 2026.
  • Pivotal GTX-102 Phase 3 data are expected in the September or October timeframe.
  • Dojolvi launched in Japan after approval and inclusion on the National Health Insurance drug price list.

Risks & pressure points

  • Neither UX143 Phase 3 study achieved statistical significance for its primary fracture-reduction endpoints.
  • U.K. regulators indicated that a new randomized study may be required before they would consider an approval application.
  • Additional FDA discussions are required to define the clinical data needed to support a potential UX143 BLA.

Key moments

Jump directly to management's words in the synchronized transcript.

Forward guidance

From the 8-K filed Aug 4, 2026.

Metric Guided
Combined R&D and SG&A operating expenses
full year 2026
-3% – 0%
Combined R&D and SG&A operating expenses
full year 2027
at least -15%

Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Product$112.00M +38.3% YoY
Royalty$102.00M +18.6% YoY
Full-screen source Call document