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Other financials

Income statement

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Revenue$267.9M-40.7%
Gross profit$265.2M-40.8%
Operating income-$102.3M-173%
Net income-$114.6M-193%
EPS (diluted)-$0.69-199%

Balance sheet

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Cash & equivalents$350.1M+17.7%
Total debt$262.5M-67.0%
Total equity$439.7M-30.4%
Total assets$3.0B+0.3%

Cash flow

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Operating cash flow-$792.8M-426%
CapEx$16.1M+30.7%
Free cash flow-$814.6M-399%

Valuation

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Market cap$9.01B+38.9%
Enterprise value$8.92B+27.7%
P/S10.3×+3.4×

Profitability

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Gross margin98.2%-0.7pp
Operating margin-68%-234pp
Net margin-64.7%-299pp
FCF margin-77.4%+35.3pp

Returns & leverage

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Return on equity-105.5%+336pp
Debt / equity0.6×-0.7×
Current ratio7.9×+5.0×

Where this comes from

Reported directly by Ionis Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:CommonStockSharesAuthorized.

The source filing: Ionis Pharmaceuticals’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 5:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000874015-26-000251
Line itemJune 30, 2026December 31, 2025
Long-term obligations28,43528,118
Total liabilities2,554,7643,034,747
Stockholders’ equity:
Common stock, $0.001 par value; 300,000,000 shares authorized, 165,636,792 and 163,304,875 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively166163
Additional paid-in capital3,311,8373,145,402
Accumulated other comprehensive loss(33,897)(25,281)
Accumulated deficit(2,838,369)(2,631,195)
Total stockholders' equity439,737489,089

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ionis Pharmaceuticals's common stock?
Ionis Pharmaceuticals (IONS) reported common stock of 300M in Q2 2026.
How has Ionis Pharmaceuticals's common stock changed year-over-year?
Ionis Pharmaceuticals's common stock decreased by 0.0% year-over-year, from 300M to 300M.
What is the long-term trend for Ionis Pharmaceuticals's common stock?
Over 5 years (2020 to 2025), Ionis Pharmaceuticals's common stock has grown at a 363.7% compound annual growth rate (CAGR), from 140K to 300M.
What does common stock mean?
The par value of all common shares issued and outstanding, typically a nominal amount ($0.01 or $0.001 per share).

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