What is Exelixis's work in process?

Exelixis (EXEL) reported work in process of $51.87M in Q1 2026.

How has Exelixis's work in process changed year-over-year?

Exelixis's work in process decreased by 10.4% year-over-year, from $57.9M to $51.87M.

What is the long-term trend for Exelixis's work in process?

Over 5 years (2020 to 2025), Exelixis's work in process has grown at a 21.0% compound annual growth rate (CAGR), from $20.61M to $53.53M.

Exelixis EXEL Work in process

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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 us-gaap:InventoryWorkInProcess.

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 work in process?: Exelixis (EXEL) reported work in process of $51.87M in Q1 2026.
How has Exelixis's work in process changed year-over-year?: Exelixis's work in process decreased by 10.4% year-over-year, from $57.9M to $51.87M.
What is the long-term trend for Exelixis's work in process?: Over 5 years (2020 to 2025), Exelixis's work in process has grown at a 21.0% compound annual growth rate (CAGR), from $20.61M to $53.53M.