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Exelixis EXEL License revenues — Total revenues

Other product segments

Gross product revenues
$812.78M+9.1%
Discounts and allowances
-$239.76M-6.4%
Collaboration
$55.67M+15.4%
Collaboration services revenues
-$4.53M-80.8%

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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
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
Total revenues$628,690$568,261$1,239,502$1,123,708

Item 1. Financial Statements.

FAQ

What is Exelixis's license revenues — total revenues?
Exelixis (EXEL) reported license revenues — total revenues of $59.81M in Q2 2026.
How has Exelixis's license revenues — total revenues changed year-over-year?
Exelixis's license revenues — total revenues increased by 21.3% year-over-year, from $49.3M to $59.81M.
What is the long-term trend for Exelixis's license revenues — total revenues?
Over 4 years (2021 to 2025), Exelixis's license revenues — total revenues has grown at a -3.8% compound annual growth rate (CAGR), from $249.96M to $214.38M.
What does license revenues — total revenues mean?
This metric represents the aggregate revenue recognized from licensing agreements, including royalties, milestone payments, and other contract-based fees related to intellectual property. It reflects the company's ability to monetize its drug discovery and development pipeline through partnerships with other pharmaceutical entities. This revenue stream is a critical component of the company's business model for leveraging external commercialization capabilities.

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