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Ionis Pharmaceuticals IONS Ionis Operations — Selling General And Administrative Expense

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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:SellingGeneralAndAdministrativeExpense.

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 itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Drug discovery29,12030,25557,67757,244
Drug development103,958117,689208,140230,635
Medical affairs11,3187,82621,30713,468
Manufacturing and development chemistry20,63921,54540,94735,826
R&D support26,97420,60749,40541,159
Selling, general and administrative130,07581,081262,012148,061
Other segment items (1)57,94845,95476,33075,750
Consolidated net income (loss)$$(114,646)$123,551$(207,174)(23,387)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ionis Pharmaceuticals's ionis operations — selling general and administrative expense?
Ionis Pharmaceuticals (IONS) reported ionis operations — selling general and administrative expense of $130.08M in Q2 2026.
How has Ionis Pharmaceuticals's ionis operations — selling general and administrative expense changed year-over-year?
Ionis Pharmaceuticals's ionis operations — selling general and administrative expense increased by 60.4% year-over-year, from $81.08M to $130.08M.
What is the long-term trend for Ionis Pharmaceuticals's ionis operations — selling general and administrative expense?
Over 3 years (2022 to 2025), Ionis Pharmaceuticals's ionis operations — selling general and administrative expense has grown at a 41.5% compound annual growth rate (CAGR), from $124.37M to $351.99M.
What does ionis operations — selling general and administrative expense mean?
This includes the costs of commercial operations, marketing, legal, finance, and other corporate functions necessary to run the business. It measures the operational overhead and commercial infrastructure required to support the company's market presence.

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