Exelixis, Inc. (EXEL)

Exelixis Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,230	2,169	1,830	1,611	1,435	987.54
Revenue Growth (YoY)	10.73%	18.50%	13.60%	12.27%	45.31%	2.04%
Cost of Revenue	75.94	76.22	72.55	57.91	52.87	36.27
Gross Profit	2,154	2,092	1,758	1,553	1,382	951.27
Selling, General & Admin	518.17	492.13	542.71	459.86	401.72	293.36
Research & Development	884.16	910.41	1,044	891.81	693.72	547.85
Operating Expenses	1,402	1,403	1,587	1,352	1,095	841.21
Operating Income	751.74	689.95	170.89	201.48	286.67	110.06
Interest & Investment Income	75.87	77.16	86.54	33.07	7.67	19.87
Currency Exchange Gain (Loss)	-	-	-	1.2	0.8	-
Other Non Operating Income (Expenses)	0.05	-0.13	0.09	-1.4	-0.98	0.91
EBT Excluding Unusual Items	827.66	766.97	257.52	234.35	294.15	130.84
Merger & Restructuring Charges	-0.35	-33.66	-	-	-	-
Asset Writedown	-51.67	-51.67	-	-	-	-
Pretax Income	775.63	681.64	257.52	234.35	294.15	130.84
Income Tax Expense	173.34	160.37	49.76	52.07	63.09	19.06
Net Income	602.3	521.27	207.77	182.28	231.06	111.78
Net Income to Common	602.3	521.27	207.77	182.28	231.06	111.78
Net Income Growth	72.09%	150.89%	13.98%	-21.11%	106.71%	-65.18%
Shares Outstanding (Basic)	280	290	318	322	315	308
Shares Outstanding (Diluted)	289	296	321	325	322	318
Shares Change (YoY)	-6.02%	-7.88%	-0.95%	0.68%	1.37%	0.95%
EPS (Basic)	2.15	1.80	0.65	0.57	0.73	0.36
EPS (Diluted)	2.08	1.76	0.65	0.56	0.72	0.35
EPS Growth	81.76%	170.77%	16.07%	-22.22%	105.71%	-65.69%
Free Cash Flow	754.07	671.54	292.86	334.91	346.58	178.64
Free Cash Flow Per Share	2.61	2.27	0.91	1.03	1.07	0.56
Gross Margin	96.59%	96.49%	96.04%	96.41%	96.31%	96.33%
Operating Margin	33.71%	31.81%	9.34%	12.51%	19.98%	11.14%
Profit Margin	27.01%	24.04%	11.35%	11.31%	16.10%	11.32%
Free Cash Flow Margin	33.81%	30.96%	16.00%	20.79%	24.15%	18.09%
EBITDA	781.52	718.75	196.6	222.36	300.3	119.2
EBITDA Margin	35.05%	33.14%	10.74%	13.80%	20.93%	12.07%
D&A For EBITDA	29.78	28.8	25.72	20.88	13.63	9.14
EBIT	751.74	689.95	170.89	201.48	286.67	110.06
EBIT Margin	33.71%	31.81%	9.34%	12.51%	19.98%	11.14%
Effective Tax Rate	22.35%	23.53%	19.32%	22.22%	21.45%	14.56%
Revenue as Reported	2,230	2,169	1,830	1,611	1,435	987.54
Advertising Expenses	-	43.5	40	41.6	31.8	25.1

Updated Jul 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q