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Ionis Pharmaceuticals IONS Increase (Decrease) in Contract with Customer, Asset

Increase (Decrease) in Contract with Customer, Asset 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 us-gaap:IncreaseDecreaseInContractWithCustomerAsset.

The official record: Ionis Pharmaceuticals’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ionis Pharmaceuticals's increase (decrease) in contract with customer, asset?
Ionis Pharmaceuticals (IONS) reported increase (decrease) in contract with customer, asset of $7.63M in Q1 2026.
How has Ionis Pharmaceuticals's increase (decrease) in contract with customer, asset changed year-over-year?
Ionis Pharmaceuticals's increase (decrease) in contract with customer, asset increased by 114.5% year-over-year, from -$52.48M to $7.63M.
What does increase (decrease) in contract with customer, asset mean?
The change in value of work performed for customers that has not yet been billed.
How do you interpret increase (decrease) in contract with customer, asset?
An increase suggests growing unbilled revenue from milestones, while a decrease indicates the conversion of these assets into billed receivables or cash.
How does increase (decrease) in contract with customer, asset compare across companies?
Common in companies with milestone-heavy revenue models; peers show similar fluctuations based on contract phases.