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Exelixis EXEL Discounts and allowances — Total revenues

Other product segments

Gross product revenues
$812.78M+9.1%
License revenues
$59.81M+21.3%
Collaboration
$55.67M+15.4%
Collaboration services revenues
-$4.53M-80.8%

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$71.67M+79.3%

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
Product revenues:
Gross product revenues$812,782$745,280$1,608,136$1,466,991
Discounts and allowances(239,757)(225,266)(480,134)(433,694)
Net product revenues573,025520,0141,128,0021,033,297
Collaboration revenues:
License revenues59,81049,301116,75891,781
Collaboration services revenues(4,145)(1,054)(5,258)(1,370)
Collaboration revenues55,66548,247111,50090,411

Item 1. Financial Statements.

FAQ

What is Exelixis's discounts and allowances — total revenues?
Exelixis (EXEL) reported discounts and allowances — total revenues of -$239.76M in Q2 2026.
How has Exelixis's discounts and allowances — total revenues changed year-over-year?
Exelixis's discounts and allowances — total revenues decreased by 6.4% year-over-year, from -$225.27M to -$239.76M.
What is the long-term trend for Exelixis's discounts and allowances — total revenues?
Over 4 years (2021 to 2025), Exelixis's discounts and allowances — total revenues has grown at a 24.0% compound annual growth rate (CAGR), from -$375.66M to -$889M.
What does discounts and allowances — total revenues mean?
This metric represents the total value of deductions taken against gross product sales, including rebates, chargebacks, cash discounts, and returns. It reflects the difference between the gross invoice price and the net revenue recognized by the company for its pharmaceutical products. Monitoring these adjustments is critical for assessing the actual realized pricing power and the impact of managed care contracting on the company's top-line performance.

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