What does inventory currentand noncurrent mean?

The total value of all inventory held by the company.

How do you interpret inventory currentand noncurrent?

Rising total inventory relative to revenue may indicate slowing sales or supply chain inefficiencies, whereas stable levels suggest balanced production and demand.

How does inventory currentand noncurrent compare across companies?

Standard across the pharmaceutical industry to track total inventory investment relative to commercial revenue growth.

Ionis Pharmaceuticals IONS Inventory Currentand Noncurrent

Inventory Currentand Noncurrent at other companies

Axsome TherapeuticsAXSM

$30.83M+49.6%

Imperial OilIMO

$64M+12.3%

Tenet HealthcareTHC

-$407M-477%

IonQIONQ

$124.57M+136%

Axsome TherapeuticsAXSM

$1.76M+84.5%

BiogenBIIB

$223M—

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:InventoryCurrentandNoncurrent.

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 inventory currentand noncurrent?: Ionis Pharmaceuticals (IONS) reported inventory currentand noncurrent of $26.19M in Q4 2025.
What does inventory currentand noncurrent mean?: The total value of all inventory held by the company.
How do you interpret inventory currentand noncurrent?: Rising total inventory relative to revenue may indicate slowing sales or supply chain inefficiencies, whereas stable levels suggest balanced production and demand.
How does inventory currentand noncurrent compare across companies?: Standard across the pharmaceutical industry to track total inventory investment relative to commercial revenue growth.