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Exelixis EXEL Business Segments — Development

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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 exel:DevelopmentExpenses.

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 business segments — development?
Exelixis (EXEL) reported business segments — development of $135.72M in Q1 2026.
How has Exelixis's business segments — development changed year-over-year?
Exelixis's business segments — development decreased by 11.4% year-over-year, from $153.22M to $135.72M.
What is the long-term trend for Exelixis's business segments — development?
Over 3 years (2022 to 2025), Exelixis's business segments — development has grown at a 2.9% compound annual growth rate (CAGR), from $521.62M to $567.84M.
What does business segments — development mean?
Spending on clinical trials and the regulatory process to bring drugs to market.
How do you interpret business segments — development?
High development costs are necessary for future growth but represent significant capital risk if clinical trials fail.
How does business segments — development compare across companies?
Comparable to 'Clinical Development' or 'Late-stage R&D' expenses at peer pharmaceutical companies.