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AMICUS THERAPEUTICS, INC.

amicusrx.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2025 10-K, filed Feb 20, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Aug 12, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Sells Galafold, an oral medicine for people with Fabry disease, alongside Pombiliti + Opfolda, a two-part treatment for adults with late-onset Pompe disease.

How Did They Make Money?

Amicus sells medicines to distributors and pharmacies when they receive the products; government authorities are often the ultimate payers.

FY2025 revenue

Who Were Their Customers?

Orders for the medicines generally come from distributors and pharmacies, while a government authority is often the ultimate payer.

Customers above 10% of revenue, FY2025
of revenue from one customer
FY2024: 26% from one customer

Did Revenues Turn Into Profits?

Not on paper. It lost $27.1M in FY2025, but brought in more cash than it spent: $29.8M of free cash flow.

Operating income, FY2025
5% of revenue
▲ +32% vs FY2024 ($24.9M, 5%)
Net income, FY2025
−4% of revenue
▼ −52% (Loss) vs FY2024 (−$56.1M, −11%)
Free cash flow, FY2025
5% of revenue
▲ Now profitable vs FY2024 (−$37.4M, −7%)

How Were They Changing?

Since the FY2025 annual report
  • Apr 27, 2026 BioMarin completed its acquisition of Amicus Amicus became a wholly owned subsidiary, and it notified Nasdaq that trading would be halted and shares removed from listing.
  • Apr 23, 2026 France cleared the merger's final regulatory condition Only conditions tied to closing remained before completion.

Grew. Revenue grew 2.1x in 4 years, from $305.5M in FY2021 to $634.2M in FY2025, about 20% a year.

Pompe treatment reaches market The earlier report described the Pompe treatment as under regulatory review; the latest lists Pombiliti + Opfolda among its marketed therapies.

Added a kidney-disease candidate The earlier report described its portfolio around Fabry and Pompe; the latest also describes United States commercialization rights to a kidney-disease candidate.

Who Did They Compete With?

Competes with Sanofi, Takeda, Chiesi, Idorsia, Sangamo, Bayer, Maze/Shionogi, Travere, and Vertex

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