Skip to content

Ionis Pharmaceuticals IONS Acquired in-process research and development

Acquired in-process research and development at other companies

Eli Lilly logo
Eli LillyLLY
$584M-62.8%
Exelixis logo
ExelixisEXEL
$2.03M

Other financials

Income statement

See full
Revenue$246.1M+87.0%
Gross profit$243.1M+86.8%
Operating income-$117.4M+20.0%
Net income-$92.5M+37.0%
EPS (diluted)-$0.56+39.8%

Balance sheet

See full
Cash & equivalents$173.4M-34.4%
Total debt$691.7M+334%
Total equity$491.4M+3.3%
Total assets$3.4B+22.6%

Cash flow

See full
Operating cash flow-$792.8M-426%
CapEx$21.8M+73.0%
Free cash flow-$814.6M-399%

Valuation

See full
Market cap$12.25B+159%
Enterprise value$12.77B+175%
P/S11.6×+5.0×

Profitability

See full
Gross margin98.4%-0.2pp
Operating margin-33.3%-11.0pp
Net margin-30.9%-10.5pp
FCF margin-77.4%+35.3pp

Returns & leverage

See full
Return on equity-67.6%-20.3pp
Debt / equity1.4×+1.1×
Current ratio4.1×-5.6×

Where this comes from

Reported directly by Ionis Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Ionis Pharmaceuticals’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

Ask your AI about Ionis Pharmaceuticals's acquired in-process research and development.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Ionis Pharmaceuticals's acquired in-process research and development?
Ionis Pharmaceuticals (IONS) reported acquired in-process research and development of $228.9M in Q4 2025.
How has Ionis Pharmaceuticals's acquired in-process research and development changed year-over-year?
Ionis Pharmaceuticals's acquired in-process research and development increased by 1.6% year-over-year, from $225.38M to $228.9M.
What is the long-term trend for Ionis Pharmaceuticals's acquired in-process research and development?
Over 2 years (2023 to 2025), Ionis Pharmaceuticals's acquired in-process research and development has grown at a 0.9% compound annual growth rate (CAGR), from $899.63M to $915.62M.
What does acquired in-process research and development mean?
Cash spent to acquire research and development projects from other companies.
How do you interpret acquired in-process research and development?
Higher spending suggests an aggressive inorganic growth strategy, while lower spending may indicate a focus on internal R&D or capital preservation.
How does acquired in-process research and development compare across companies?
Common in biotech and pharma sectors where companies frequently acquire early-stage assets.