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Exelixis EXEL License revenues — Total revenues

Other product segments

Gross product revenues
$795.35M+10.2%
Discounts and allowances
-$240.38M-15.3%
Collaboration
$55.84M+32.4%
Collaboration services revenues
-$3.96M-211%

Similar metrics at other companies

Neurocrine Biosciences logo
NBIXLicense — Revenue
$15M
BridgeBio Pharma logo
BBIOLicense Revenue — Revenue
$75M
Insmed logo
INSMLicense and Service — Revenue from Contract with Customer, Including Assessed Tax
$1B
BridgeBio Pharma logo
BBIOLicense and services revenue — Revenue
$4.42M-94.5%
Ionis Pharmaceuticals logo
IONSLicense — Revenue
$25M+108%
Axsome Therapeutics logo
AXSMLicense — Revenue
$0

Other financials

Income statement

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Revenue$610.8M+10.0%
Gross profit$590.9M+10.2%
Operating income$251.3M+34.5%
Net income$210.5M+31.9%
EPS (diluted)$0.79+43.6%

Balance sheet

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Cash & equivalents$226.2M+23.1%
Total debt$169.5M-9.4%
Total equity$1.9B-9.2%
Total assets$2.6B-8.6%

Cash flow

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Operating cash flow$251.8M+19.1%
CapEx$1.5M-48.9%
Free cash flow$250.3M+20.1%

Valuation

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Market cap$13.05B+10.1%
Enterprise value$12.99B+9.5%
P/E15.7×-2.8×
P/S5.5×+0.3×

Profitability

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Gross margin96.4%-0.3pp
Operating margin39.4%+6.3pp
Net margin35.1%+7.1pp
FCF margin38.6%+2.9pp

Returns & leverage

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Return on equity41%+10.8pp
Debt / equity0.1×0.0×
Current ratio3.3×-0.2×

Where this comes from

Reported directly by Exelixis in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Exelixis’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Exelixis's license revenues — total revenues?
Exelixis (EXEL) reported license revenues — total revenues of $56.95M in Q1 2026.
How has Exelixis's license revenues — total revenues changed year-over-year?
Exelixis's license revenues — total revenues increased by 34.1% year-over-year, from $42.48M to $56.95M.
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?
The total income generated from licensing intellectual property and partnership agreements.
How do you interpret license revenues — total revenues?
An increase indicates successful monetization of the R&D pipeline or strong commercial performance by partners, while a decrease may signal expiring patents or reduced partnership activity.
How does license revenues — total revenues compare across companies?
Comparable to 'Collaboration and License Revenue' or 'Royalty Revenue' reported by other biotechnology companies with partnership-heavy business models.