What does changes in unrecognized tax benefits mean?

The financial impact of reserves for uncertain tax positions.

How do you interpret changes in unrecognized tax benefits?

Increases suggest higher uncertainty or potential future tax liabilities from audits.

How does changes in unrecognized tax benefits compare across companies?

Standard disclosure required under accounting standards for tax contingencies.

Ionis Pharmaceuticals IONS Changes in unrecognized tax benefits

Changes in unrecognized tax benefits at other companies

Jazz PharmaceuticalsJAZZ

-$1.61M-166%

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 us-gaap:IncomeTaxReconciliationTaxContingencies.

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 changes in unrecognized tax benefits?: Ionis Pharmaceuticals (IONS) reported changes in unrecognized tax benefits of $3.04M in Q4 2025.
What does changes in unrecognized tax benefits mean?: The financial impact of reserves for uncertain tax positions.
How do you interpret changes in unrecognized tax benefits?: Increases suggest higher uncertainty or potential future tax liabilities from audits.
How does changes in unrecognized tax benefits compare across companies?: Standard disclosure required under accounting standards for tax contingencies.