Company Analysis

Novo-Nordisk A/S (NVO)

NYSE: NVO · Pharmaceutical Preparations · Bagsvaerd Denmark, DK · filing with the SEC since 2001
Grade6.9
◀ Past 8.4● Present 7.0▶ Future 5.4
1 est.
The companyfiscal 2025, as filed
RevenueDKK 309.1B+6.4%
Net incomeDKK 102.4B+1.4%
Earnings per shareDKK 23.03+1.8%
Operating cash flowDKK 119.1B-1.5%
CashDKK 26.46B+69.0%
DebtDKK 131.0B+27.4%
Shareholders’ equityDKK 194.0B+35.2%
Shares, diluted4.45B-0.3%
Return on equity52.8%
The recordfrom its filings
Filings in 202677
Newest filingNov 9 · 6-K
Annual reportFeb 4, 2026
Quarterly reportn/a
Next report due20-F by Apr 30
Insider sales, 12 months$0.00
Insider buys, 12 months$0.00
Patents granted1,823
Filer categoryLarge accelerated filer
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
19202122232425
As filed, in DKK. Nothing here is a forecast.

The company now

Novo Nordisk, the Danish maker of Ozempic and Wegovy, reported second-quarter 2026 adjusted sales of DKK 78.5 billion on 4 August, up 7 percent at constant exchange rates, which set currency swings aside 1. Adjusted sales leave out one-time reversals of rebate provisions tied to the US 340B Drug Pricing Program, which brought no cash 1. The company then raised its 2026 outlook for adjusted sales growth to between 0 and minus 6 percent, from minus 4 to minus 12 percent 12.

Growth came from more patients rather than higher prices: GLP-1 volumes rose in both operating units while realised prices fell 1. The Wegovy pill, a daily weight-loss tablet launched in the US on 5 January, passed 265,000 weekly prescriptions in the week ending 17 July 1. Chief executive Mike Doustdar called the Wegovy family "a key growth driver" for 2026 1.

On 21 September the company set out its ambitions to 2030 in London, including more than five multi-blockbuster launches and revenue growth in line with large drug peers 4. In early October it said the FDA had extended its review of denecimig, a haemophilia A medicine, while a factory is fixed 7. The open question is the nine-month report due on 4 November 2026 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

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SI Assistanton NVO · research, not advice