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Exelixis EXEL Q2 2025 earnings

Reported July 28, 2025 · After market close

Revenue$568.3MMiss by $26.7M
EPS$0.75Beat by $0.10
Revenue estimate$594.9M
EPS estimate$0.65

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$649.6M
EPS estimate$0.89

Financials

Q2 2025

Income statement

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Revenue$568.3M-10.8%
Gross profit$548.8M-11.4%
Operating income$213.6M-22.6%
Net income$184.8M-18.3%
EPS (diluted)$0.65-15.6%

Balance sheet

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Cash & equivalents$164.4M-17.1%
Total debt$179.8M-9.2%
Total equity$2.0B-4.1%
Total assets$2.7B-3.4%

Cash flow

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Operating cash flow$49.0M-59.0%
CapEx$2.8M-56.8%
Free cash flow$46.2M-59.1%

Valuation & ratios

Valuation

as of 07/04/25
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Market cap$9.75B+42.7%
Enterprise value$9.77B+43.0%
P/E16.2×-3.3×
P/S4.4×+1.0×

Profitability

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Gross margin96.6%+0.5pp
Operating margin31.4%+13.0pp
Net margin27%+9.6pp
FCF margin33.8%+19.9pp

Returns & leverage

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Return on equity29%+13.9pp
Debt / equity0.1×0.0×
Current ratio3.5×-0.8×

Segments

By product

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Gross product revenues$745.3M+23.3%
License revenues$49.3M-74.7%
Collaboration$48.2M-75.8%
Collaboration services revenues-$2.5M-154%
Discounts and allowances-$225.3M-35.1%

By geography

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U.S.$524.8M—
Japan$6.5M—

By segment

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Reportable Segment$568.3M-10.8%

FAQ

When did Exelixis report Q2 2025 earnings?
Exelixis (EXEL) reported Q2 2025 earnings on July 28, 2025 after market close.
What were Exelixis's Q2 2025 revenue and EPS?
Exelixis reported revenue of $568.3M and eps of $0.75 for Q2 2025.
Did Exelixis beat estimates in Q2 2025?
Revenue missed the consensus estimate of $594.9M by $26.7M. EPS beat the consensus estimate of $0.65 by $0.10.
How did Exelixis's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.8% from $637.2M a year earlier and eps declined 2.6% from $0.77.
Where can I find Exelixis's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000939767-25-000111) and the 10-Q periodic report (0000939767-25-000113) directly on SEC EDGAR. The filing index links above go to sec.gov.