Aurinia Pharmaceuticals Inc.
Business
Aurinia Pharmaceuticals is a biopharmaceutical company developing therapies for autoimmune diseases with high unmet medical needs. The company markets LUPKYNIS (voclosporin), the first FDA-approved oral therapy for adult patients with active lupus nephritis, and generates the majority of its product revenue from LUPKYNIS sales. Aurinia also develops aritinercept, a dual BAFF/APRIL inhibitor for autoimmune diseases. The company sells LUPKYNIS directly in the U.S. and supplies it to Otsuka Pharmaceutical for commercialization in Japan, the European Union, the United Kingdom, and Switzerland.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 283 | 235 | 176 | 134 | 46 | |
| Cost of revenue | 33 | 28 | 14 | 6 | 1 | |
| Selling, general and administrative | 102 | 172 | 195 | 196 | 174 | |
| Research and development | 33 | 21 | 50 | 45 | 51 | |
| Restructuring | 2 | 23 | 0 | 0 | — | |
| Other expense (income), net | 10 | −4 | 8 | −2 | 574,000 | |
| Total operating expenses | 178 | 240 | 267 | 246 | 226 | |
| Income (loss) from operations | 105 | −5 | −92 | −111 | −181 | |
| Interest income | 14 | 17 | 17 | 5 | — | |
| Interest expense | −4 | −5 | −3 | 0 | — | |
| Net income (loss) before income taxes | 114 | 7 | −77 | −106 | −180 | |
| Income tax (benefit) expense | −173 | 2 | 551,000 | 2 | 760,000 | |
| Net income (loss) | 287 | 6 | −78 | −108 | −181 | |
| Unrealized gain on available-for-sale securities | 48,000 | 83,000 | 331,000 | −209,000 | −47,000 | |
| Comprehensive income (loss) | 287 | 6 | −78 | −108 | −181 | |
| Basic (in usd per share) | 2.14 | 0.04 | −0.54 | −0.76 | −1.4 | |
| Diluted (in usd per share) | 2.07 | 0.04 | −0.54 | −0.76 | −1.4 | |
| Basic (in shares) | 134 | 143 | 143 | 142 | 129 | |
| Diluted (in shares) | 139 | 146 | 143 | 142 | 129 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | 80 | 83 | 49 | 94 | 232 | |
| Short-term investments | 318 | 275 | 302 | 295 | 234 | |
| Accounts receivable, net | 41 | 37 | 24 | 14 | 15 | |
| Inventory | 46 | 39 | 40 | 25 | 19 | |
| Prepaid expenses and deposits | 6 | 11 | 9 | — | — | |
| Other current assets | 1 | 1 | 1 | 1 | 796,000 | |
| Total current assets | 492 | 447 | 425 | 443 | 513 | |
| Deferred tax assets, net | 176 | 0 | — | — | — | |
| Finance right-of-use lease assets | 74 | 92 | 109 | 0 | — | |
| Intangible assets, net | 4 | 4 | 5 | 6 | 8 | |
| Operating right-of-use lease assets | 4 | 4 | 4 | 5 | 5 | |
| Property and equipment, net | 2 | 3 | 3 | 4 | 4 | |
| Other noncurrent assets | 93,000 | 823,000 | 2 | 13 | 12 | |
| Total assets | 752 | 551 | 548 | 471 | 543 | |
| Accounts payable | 3 | 5 | 4 | — | — | |
| Accrued expenses | 67 | 65 | 50 | — | — | |
| Finance lease liabilities, current portion | 17 | 14 | 15 | 0 | — | |
| Deferred revenue | 4 | 11 | 5 | 3 | 190,000 | |
| Operating lease liabilities, current portion | 1 | 1 | 989,000 | 936,000 | 1 | |
| Other current liabilities | 2 | 2 | 2 | 2 | 4 | |
| Total current liabilities | 94 | 98 | 77 | 46 | 41 | |
| Finance lease liabilities, less current portion | 52 | 59 | 75 | 0 | — | |
| Deferred revenue, less current portion | 13 | 2 | — | — | — | |
| Deferred compensation and other noncurrent liabilities | 7 | 9 | — | — | — | |
| Operating lease liabilities, less current portion | 5 | 6 | 7 | 7 | 8 | |
| Total liabilities | 170 | 173 | 170 | 65 | 64 | |
| Commitments and contingencies (Note 5) | — | — | — | — | — | |
| Common shares - no par value, Unlimited shares authorized, 132,323 and 140,883 shares issued and outstanding at December 31, 2025 and 2024, respectively | 1,120 | 1,188 | 1,200 | 1,185 | 1,177 | |
| Additional paid-in capital | 111 | 127 | 121 | 85 | 59 | |
| Accumulated other comprehensive loss | −599,000 | −647,000 | −730,000 | −1 | −852,000 | |
| Accumulated deficit | −649 | −937 | −942 | −864 | −756 | |
| Total shareholders' equity | 581 | 377 | 378 | 405 | 479 | |
| Total liabilities and shareholders' equity | 752 | 551 | 548 | 471 | 543 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income tax benefit | −176 | 0 | 0 | — | — | |
| Amortization and depreciation | 19 | 19 | 12 | 3 | 3 | |
| Share-based compensation | 15 | 32 | 45 | 32 | 31 | |
| Foreign exchange loss (gain) on revaluation of Monoplant finance lease liability | 10 | −6 | 6 | 0 | — | |
| Net amortization of premiums and discounts on investments | −10 | −13 | −12 | −2 | 660,000 | |
| Non-cash write-down of inventory | 0 | 0 | 916,000 | 4 | 245,000 | |
| Other, net | −200,000 | 788,000 | −2 | −2 | −2,000 | |
| Accounts receivable, net | −5 | −12 | −11 | 2 | −15 | |
| Inventory | −6 | 477,000 | −16 | −9 | −6 | |
| Prepaid expenses and other current assets | 6 | −2 | 4 | −2 | −5 | |
| Other noncurrent operating assets | 730,000 | 31,000 | −16,000 | −363,000 | 353,000 | |
| Accounts payable | −2 | 860,000 | 1 | −792,000 | — | |
| Accrued expenses and other liabilities | −5 | 13 | 12 | 1 | — | |
| Deferred revenue | 4 | 6 | 4 | 3 | 0 | |
| Operating lease liabilities | −802,000 | −750,000 | −673,000 | −652,000 | 332,000 | |
| Cash flows from operating activities | 136 | 44 | −33 | −80 | −158 | |
| Proceeds from the sale and maturities of investments | 494 | 585 | 529 | 464 | 354 | |
| Purchases of investments | −527 | −546 | −524 | −524 | −439 | |
| Upfront lease payments | 0 | −43,000 | −12 | −663,000 | −12 | |
| Purchases of property, equipment and intangible assets | −252,000 | −281,000 | −718,000 | −292,000 | −303,000 | |
| Cash flows from investing activities | −33 | 39 | −7 | −61 | −104 | |
| Repurchase of common shares | −98 | −40 | 0 | 0 | — | |
| Principal portion of finance lease payments | −13 | −12 | −10 | 0 | 0 | |
| Proceeds from issuance of common shares from exercise of stock options and vesting of RSUs and performance awards | 14 | 8 | 5 | 2 | 24 | |
| Proceeds from issuance of common shares under ESPP | 756,000 | 1 | 2 | 2 | 197 | |
| Taxes paid related to net settlement of exercises of stock options and vesting of RSUs and performance awards | −10 | −6 | −2 | −1 | — | |
| Cash flows from financing activities | −106 | −49 | −5 | 2 | 221 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −3 | 35 | −45 | −138 | −40 | |
| Finance lease liability arising from obtaining right-of-use assets | 0 | 0 | 94 | 0 | — | |
| Cash paid for income taxes | −3 | −2 | −496,000 | −2 | — | |
| Taxes withheld related to vesting of performance awards | 4 | 0 | 0 | — | — |
Filings
Material Events
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Institutional Holders
Frequently asked questions
What is Aurinia Pharmaceuticals Inc.'s CIK number?
Aurinia Pharmaceuticals Inc.'s SEC CIK number is 0001600620 (1600620). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Aurinia Pharmaceuticals Inc.'s SEC filings?
All of Aurinia Pharmaceuticals Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Aurinia Pharmaceuticals Inc. last report earnings?
Aurinia Pharmaceuticals Inc. (AUPH) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001600620-26-000048). This is Aurinia Pharmaceuticals Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Aurinia Pharmaceuticals Inc.'s most recent earnings 8-K?
Aurinia Pharmaceuticals Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001600620-26-000048. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Aurinia Pharmaceuticals Inc.'s latest earnings 8-K →
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