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Exelixis EXEL Collaboration — Total revenues

Other product segments

Gross product revenues
$812.78M+9.1%
Discounts and allowances
-$239.76M-6.4%
License revenues
$59.81M+21.3%
Collaboration services revenues
-$4.53M-80.8%

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TARSLicense fees and collaboration revenue — Total revenues
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Other financials

Income statement

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Revenue$628.7M+10.6%
Gross profit$608.0M+10.8%
Operating income$248.4M+16.3%
Net income$212.1M+14.7%
EPS (diluted)$0.82+26.2%

Balance sheet

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Cash & equivalents$281.4M+71.2%
Total debt$165.9M-7.7%
Total equity$1.8B-9.3%
Total assets$2.5B-6.9%

Cash flow

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Operating cash flow$307.7M+528%
CapEx$6.8M+140%
Free cash flow$300.9M+552%

Valuation

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Market cap$14.25B+40.4%
Enterprise value$14.14B+39.0%
P/E16.6×-0.3×
P/S5.9×+1.3×

Profitability

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Gross margin96.5%-0.1pp
Operating margin39.9%+8.5pp
Net margin35.3%+8.3pp
FCF margin48.1%+14.3pp

Returns & leverage

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Return on equity44.4%+15.4pp
Debt / equity0.1×0.0×
Current ratio3.5×-0.1×

Where this comes from

Reported directly by Exelixis in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Exelixis’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0000939767-26-000098
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues:
Net product revenues$573,025$520,014$1,128,002$1,033,297
Collaboration revenues55,66548,247111,50090,411
Total revenues628,690568,2611,239,5021,123,708
Operating expenses:
Cost of goods sold20,65719,47040,61038,642
Research and development211,987200,356411,903412,589
Selling, general and administrative147,632134,859287,234272,042

Item 1. Financial Statements.

FAQ

What is Exelixis's collaboration — total revenues?
Exelixis (EXEL) reported collaboration — total revenues of $55.67M in Q2 2026.
How has Exelixis's collaboration — total revenues changed year-over-year?
Exelixis's collaboration — total revenues increased by 15.4% year-over-year, from $48.25M to $55.67M.
What is the long-term trend for Exelixis's collaboration — total revenues?
Over 4 years (2021 to 2025), Exelixis's collaboration — total revenues has grown at a -13.8% compound annual growth rate (CAGR), from $357.71M to $197.32M.
What does collaboration — total revenues mean?
This metric represents the total revenue generated through strategic partnerships, licensing agreements, and collaborative research and development efforts with other biopharmaceutical entities. It captures income streams derived from milestone payments, royalties, and shared profit arrangements related to the commercialization of jointly developed therapeutic assets. This revenue segment reflects the company's ability to leverage external expertise and distribution networks to monetize its drug discovery pipeline.

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