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Exelixis EXEL Business Segments — Drug discovery

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RXRXReportable Segment — Discovery
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SDGRDrug Discovery — Gross Profit
$7.51M+653%
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SDGRDrug Discovery — Drug discovery services revenue from contracts with customers
$23.42M+64.8%
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SDGRDrug discovery — Deferred Revenue
$48.32M+2.3%
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SDGRDrug discovery — Total backlog
$8.6M
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SDGRDrug discovery — Total revenues
$22.99M+64.9%

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 exel:DrugDiscoveryCosts.

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$628,690$568,261$1,239,502$1,123,708
Less:
Cost of goods sold20,65719,47040,61038,642
Drug discovery18,25221,35737,72839,610
Development150,522134,159286,237287,376
Selling, general, and administrative127,413112,931250,283233,706
Other segment items(1)63,37866,718124,616124,134
Interest income(14,210)(16,789)(30,337)(35,865)

Item 1. Financial Statements.

FAQ

What is Exelixis's business segments — drug discovery?
Exelixis (EXEL) reported business segments — drug discovery of $18.25M in Q2 2026.
How has Exelixis's business segments — drug discovery changed year-over-year?
Exelixis's business segments — drug discovery decreased by 14.5% year-over-year, from $21.36M to $18.25M.
What is the long-term trend for Exelixis's business segments — drug discovery?
Over 3 years (2022 to 2025), Exelixis's business segments — drug discovery has grown at a -28.9% compound annual growth rate (CAGR), from $249.71M to $89.93M.
What does business segments — drug discovery mean?
Refers to the early-stage research and development expenditures focused on identifying and validating new molecular entities. This investment is critical for maintaining a long-term pipeline of potential future therapies.

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