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Ionis Pharmaceuticals IONS Deferred Tax Assets Sale Of Future Royalties

Deferred Tax Assets Sale Of Future Royalties at other companies

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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:DeferredTaxAssetsSaleOfFutureRoyalties.

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 sale of future royalties?
Ionis Pharmaceuticals (IONS) reported deferred tax assets sale of future royalties of $156.87M in Q4 2025.
What does deferred tax assets sale of future royalties mean?
Future tax benefits related to the timing of income recognition from royalty sales.
How do you interpret deferred tax assets sale of future royalties?
An increase suggests the company has entered into royalty monetization agreements that create temporary tax timing differences.
How does deferred tax assets sale of future royalties compare across companies?
Specific to companies with intellectual property monetization strategies.