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Ionis Pharmaceuticals IONS Deferred Tax Assets Capitalized Research And Development Expenses

Deferred Tax Assets Capitalized Research And Development Expenses at other companies

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$134M-47.7%
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$435M-8.4%

Other financials

Income statement

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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

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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

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

Valuation

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

Profitability

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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

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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 ions:DeferredTaxAssetsCapitalizedResearchAndDevelopmentExpenses.

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

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Questions, answered.

What is Ionis Pharmaceuticals's deferred tax assets capitalized research and development expenses?
Ionis Pharmaceuticals (IONS) reported deferred tax assets capitalized research and development expenses of $233.49M in Q4 2025.
What does deferred tax assets capitalized research and development expenses mean?
Future tax benefits created by differences in how R&D costs are reported for tax versus accounting purposes.
How do you interpret deferred tax assets capitalized research and development expenses?
Higher levels reflect significant R&D investment that will provide tax shields in future periods.
How does deferred tax assets capitalized research and development expenses compare across companies?
Highly relevant for pharmaceutical and biotech companies with heavy R&D spending.