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Ionis Pharmaceuticals IONS Debt conversion inducement expense

Debt conversion inducement expense at other companies

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$121.25M
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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:InducedConversionOfConvertibleDebtExpense.

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 debt conversion inducement expense?
Ionis Pharmaceuticals (IONS) reported debt conversion inducement expense of $4.09M in Q4 2025.
What does debt conversion inducement expense mean?
The cost of incentivizing debt holders to convert their debt into company stock early.
How do you interpret debt conversion inducement expense?
An increase suggests active debt restructuring or a desire to reduce future interest obligations, while a decrease suggests stability in existing debt terms.
How does debt conversion inducement expense compare across companies?
Common in biotech companies managing convertible notes; peers often show periodic spikes during refinancing cycles.