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Exelixis

EXEL

Exelixis Inc is a fully integrated oncology company focused on the discovery, development, and commercialization of next-generation cancer treatments.

Market cap
$14.03B+41.4%
Revenue$2.4B+3.3%
Net income$833.4M+29.5%
Free cash flow$917.7M+11.8%
EPS (diluted)$3.01+36.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$636.4M
EPS estimate$0.86

Financials

Q1 2026

Income statement

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Revenue$610.8M+10.0%
Gross profit$590.9M+10.2%
Operating income$251.3M+34.5%
Net income$210.5M+31.9%
EPS (diluted)$0.79+43.6%

Balance sheet

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Cash & equivalents$226.2M+23.1%
Total debt$169.5M-9.4%
Total equity$1.9B-9.2%
Total assets$2.6B-8.6%

Cash flow

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Operating cash flow$251.8M+19.1%
CapEx$1.5M-48.9%
Free cash flow$250.3M+20.1%

Valuation & ratios

Valuation

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Market cap$14.03B+41.4%
Enterprise value$13.97B+15.4%
P/E16.8×-2.0×
P/S5.9×+0.6×

Profitability

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Gross margin96.4%-0.3pp
Operating margin39.4%+6.3pp
Net margin35.1%+7.1pp
FCF margin38.6%+2.9pp

Returns & leverage

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Return on equity41%+10.8pp
Debt / equity0.1×0.0×
Current ratio3.3×-0.2×

Segments

By product

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Gross product revenues$795.4M+10.2%
License revenues$56.9M+34.1%
Collaboration$55.8M+32.4%
Collaboration services revenues-$4.0M-211%
Discounts and allowances-$240.4M-15.3%

By segment

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Reportable Segment$610.8M+10.0%

Competitors

Profile

Exelixis Inc is a fully integrated oncology company focused on the discovery, development, and commercialization of next-generation cancer treatments. The company leverages its expertise in small molecules and biotherapeutics, such as antibody-drug conjugates, to address high unmet medical needs in various solid tumors. Its core value proposition is built on its flagship tyrosine kinase inhibitor franchise and a growing pipeline of clinically differentiated assets.

Competitive position

A leading oncology-focused biotechnology company with a dominant position in the renal cell carcinoma market through its cabozantinib franchise.

GeographiesUnited States, European Economic Area, Japan, Canada
Customer segmentsHealthcare providers, Pharmaceutical distributors, Global biopharmaceutical companies
Business modelR&D-driven drug development, Direct product sales, Licensing and royalties
SuppliersContract manufacturing organizations, Raw material suppliers, Third-party logistics providers, Clinical research organizations
CustomersWholesale drug distributors, Specialty pharmacies, Hospitals and cancer centers, International commercialization partners
Listed2000
Employees1.3K
CEOMichael Morrissey
FilingsSEC EDGAR

Questions, answered.

What is Exelixis's market cap?
Exelixis (EXEL) has a market capitalization of $14.0B and trades on NASDAQ.
What is Exelixis's revenue and profitability?
Exelixis generated $2.4B in trailing twelve-month revenue with net income of $833.4M, representing a net margin of 35.1%. Gross margin stands at 96.4%, with free cash flow of $917.7M. These figures are based on the Q2 2026 filing.
Who are Exelixis's competitors?
Exelixis's key competitors include Eli Lilly, Pfizer, Karyopharm Therapeutics Inc., and others. These companies compete in similar markets and product categories.
Who does Exelixis partner with?
Exelixis's notable partners include Ipsen, Takeda Pharmaceutical Company, Bristol-Myers Squibb, and others.
Where is Exelixis headquartered?
Exelixis is headquartered in United States of America and employs approximately 1,310 people. It has been publicly traded since 2000.