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Exelixis EXEL Gross product revenues — Total revenues

Other product segments

Discounts and allowances
-$239.76M-6.4%
License revenues
$59.81M+21.3%
Collaboration
$55.67M+15.4%
Collaboration services revenues
-$4.53M-80.8%

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ARDXProduct supply revenue — Total revenues
$1.98M-68.1%

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 gross product revenues — total revenues?
Exelixis (EXEL) reported gross product revenues — total revenues of $812.78M in Q2 2026.
How has Exelixis's gross product revenues — total revenues changed year-over-year?
Exelixis's gross product revenues — total revenues increased by 9.1% year-over-year, from $745.28M to $812.78M.
What is the long-term trend for Exelixis's gross product revenues — total revenues?
Over 4 years (2021 to 2025), Exelixis's gross product revenues — total revenues has grown at a 20.0% compound annual growth rate (CAGR), from $1.45B to $3.01B.
What does gross product revenues — total revenues mean?
This metric represents the total gross revenue generated from the sale of pharmaceutical products before accounting for deductions such as rebates, discounts, and returns. It serves as a primary indicator of the market demand and commercial adoption of the company's therapeutic portfolio. By tracking gross product sales, investors can assess the top-line performance of the company's core oncology assets independently of net pricing adjustments.

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