21 February 2026
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
ELI LILLY & Co
CIK: 59478•1 Annual Report•Latest: 2026-02-12
10-K / February 12, 2026
Eli Lilly and Company
What the company does
- Global pharmaceutical company focused on a single business segment: human pharmaceutical products.
- Discovers, develops, manufactures, and markets medicines across multiple therapeutic areas.
- Sells products worldwide through a mix of internal sales teams, distributors, and third-party arrangements; in the U.S., most products are distributed through wholesale distributors.
Global footprint and scale
- Principal domestic and international executive offices in Indianapolis, Indiana.
- Major production sites in Indiana, North Carolina, Puerto Rico, and Wisconsin, with additional manufacturing in Europe and Asia (examples: Ireland, France, Spain, Italy, China, Japan).
- Research and development facilities primarily in the U.S. (owned facilities in Indiana; leased facilities in California, Massachusetts, Colorado, and New York).
- Products sold in roughly 90 countries; uses LillyDirect (direct-to-patient platform) where applicable outside the U.S.
Workforce
- Approximately 50,000 employees at the end of 2025.
- About 27,000 employees located outside the U.S.
- Approximately 12,000 employees engaged in research and development.
Product portfolio highlights
Therapeutic areas and representative products:
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Cardiometabolic Health
- Basaglar (insulin analog) in collaboration with Boehringer Ingelheim.
- Humalog and related insulin products (Humalog U-100, U-200, Mix varieties, lispro products).
- Jardiance (empagliflozin) in collaboration with Boehringer Ingelheim — for type 2 diabetes and to reduce cardiovascular death and related risks.
- Mounjaro (tirzepatide) receptor agonist — for adults with type 2 diabetes; marketed as Mounjaro in many markets.
- Trulicity (dulaglutide) — for adults and pediatric patients (10+) with type 2 diabetes; cardiovascular risk reduction in defined populations.
- Zepbound — for obesity/overweight with weight-related comorbidities, with market-specific guidance outside the U.S.
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Oncology
- Cyramza — second-line treatment options for several cancers including gastric/GEJ, NSCLC, colorectal cancer, and hepatocellular carcinoma.
- Jaypirca — treatment for CLL/SLL, MCL, and RET-rearranged NSCLC in adults.
- Retevmo — RET gene fusion–targeted therapy for thyroid and other solid tumors in adults and children.
- Verzenio — HR+, HER2- metastatic breast cancer; also used with endocrine therapy for early breast cancer at high risk of recurrence.
- Inluriyo — for ER-positive, HER2-negative, ESR1-mutated advanced/metastatic breast cancer; additional hematology and RET-fusion indications in specific markets.
- Additional oncology products supporting first- and later-line indications across tumor types.
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Immunology
- Ebglyss — atopic dermatitis and other inflammatory conditions (in Europe, in collaboration with Almirall).
- Olumiant (baricitinib) — rheumatoid arthritis and other indications.
- Omvoh — ulcerative colitis and Crohn’s disease in adults; plaque psoriasis and related conditions.
- Taltz (ixekizumab) — plaque psoriasis, psoriatic arthritis, and axial spondyloarthritis.
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Neuroscience
- Emgality — migraine prevention and episodic cluster headache treatment.
- Kisunla — for early symptomatic Alzheimer’s disease with amyloid pathology and related cognitive impairment contexts.
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Additional products and support
- Delivery devices, direct-to-patient services (LillyDirect), and access programs to support patient access and product delivery.
Revenue context and scale
- Six products each generated more than $3 billion in direct product and/or collaboration and other revenues in 2025.
- Those six products (Mounjaro, Zepbound, Verzenio, Trulicity, Taltz, Jardiance — including associated products Glyxambi, Synjardy, and Trijardy XR) collectively accounted for 82% of Lilly’s total revenues in 2025.
Marketing, distribution, and access
- Global sales through internal teams, distributors, third parties, and LillyDirect where applicable.
- In the U.S., sales flow primarily through wholesale distributors; three wholesalers (McKesson, Cencora, Cardinal Health) accounted for a substantial share of revenue in 2025.
- Employs direct-to-provider and consumer-focused activities, disease-state information, digital channels, partnerships, and payer arrangements including risk-sharing and rebates.
Intellectual property and regulatory environment
- Holds and licenses numerous patents and uses data protection and term-extension mechanisms to manage market exclusivity.
- Data protection and extension opportunities vary by jurisdiction (U.S., Europe, Japan) and by product type (small molecule versus biologics).
- Operates through collaborations and licenses across regions and manages intellectual property challenges, regulatory trial requirements, and biosimilar competition risk.
Manufacturing and supply chain
- Active ingredient manufacturing and product finishing occur at company facilities and with third-party providers.
- Expansion underway with new sites in multiple U.S. states and in Europe.
- Global supply chain includes reliance on China-based suppliers for portions of the supply chain.
- Emphasizes quality systems and manages exposure to supply disruptions, pricing pressures, and demand variability.
People, governance, and risk management
- Emphasizes human capital values such as integrity, excellence, and respect for people, with ongoing investments in training and development.
- Cybersecurity program aligned with industry standards; governance includes board oversight and dedicated information security leadership.
- Maintains comprehensive regulatory compliance activities and manages risks related to regulatory changes, pricing and reimbursement, and litigation exposure.
