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Exelixis EXEL Net product revenues — 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
$55.67M+15.4%
Collaboration services revenues
-$4.53M-80.8%

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$72.44M+25.2%

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 net product revenues — total revenues?
Exelixis (EXEL) reported net product revenues — total revenues of $573.03M in Q2 2026.
How has Exelixis's net product revenues — total revenues changed year-over-year?
Exelixis's net product revenues — total revenues increased by 10.2% year-over-year, from $520.01M to $573.03M.
What is the long-term trend for Exelixis's net product revenues — total revenues?
Over 4 years (2021 to 2025), Exelixis's net product revenues — total revenues has grown at a 18.5% compound annual growth rate (CAGR), from $1.08B to $2.12B.
What does net product revenues — total revenues mean?
This metric represents the total gross revenue generated from the sale of pharmaceutical products, net of variable considerations such as rebates, chargebacks, discounts, and returns. It serves as the primary indicator of the commercial success and market adoption of the company's therapeutic portfolio. By focusing on product-specific sales, this metric isolates the core operational performance of the commercial business from licensing, royalty, or collaboration-based revenue streams.

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