Exelixis Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,320	2,169	1,830	1,611	1,435
Revenue Growth (YoY)	6.98%	18.50%	13.60%	12.27%	45.31%
Cost of Revenue	83.7	76.22	72.55	57.91	52.87
Gross Profit	2,236	2,092	1,758	1,553	1,382
Selling, General & Admin	518.73	492.13	542.71	459.86	401.72
Research & Development	825	910.41	1,044	891.81	693.72
Operating Expenses	1,344	1,403	1,587	1,352	1,095
Operating Income	892.7	689.95	170.89	201.48	286.67
Interest & Investment Income	69.21	77.16	86.54	33.07	7.67
Currency Exchange Gain (Loss)	-	-	-	1.2	0.8
Other Non Operating Income (Expenses)	-0.2	-0.13	0.09	-1.4	-0.98
EBT Excluding Unusual Items	961.72	766.97	257.52	234.35	294.15
Merger & Restructuring Charges	-20.51	-33.66	-	-	-
Asset Writedown	-	-51.67	-	-	-
Pretax Income	941.21	681.64	257.52	234.35	294.15
Income Tax Expense	158.64	160.37	49.76	52.07	63.09
Net Income	782.57	521.27	207.77	182.28	231.06
Net Income to Common	782.57	521.27	207.77	182.28	231.06
Net Income Growth	50.13%	150.89%	13.98%	-21.11%	106.71%
Shares Outstanding (Basic)	272	290	318	322	315
Shares Outstanding (Diluted)	282	296	321	325	322
Shares Change (YoY)	-4.82%	-7.88%	-0.95%	0.68%	1.37%
EPS (Basic)	2.88	1.80	0.65	0.57	0.73
EPS (Diluted)	2.78	1.76	0.65	0.56	0.72
EPS Growth	57.95%	170.77%	16.07%	-22.22%	105.71%
Free Cash Flow	875.84	671.54	292.86	334.91	346.58
Free Cash Flow Per Share	3.11	2.27	0.91	1.03	1.07
Gross Margin	96.39%	96.49%	96.04%	96.41%	96.31%
Operating Margin	38.48%	31.81%	9.34%	12.51%	19.98%
Profit Margin	33.73%	24.04%	11.35%	11.31%	16.10%
Free Cash Flow Margin	37.75%	30.96%	16.00%	20.79%	24.15%
EBITDA	921.76	718.75	196.6	222.36	300.3
EBITDA Margin	39.73%	33.14%	10.74%	13.80%	20.93%
D&A For EBITDA	29.06	28.8	25.72	20.88	13.63
EBIT	892.7	689.95	170.89	201.48	286.67
EBIT Margin	38.48%	31.81%	9.34%	12.51%	19.98%
Effective Tax Rate	16.86%	23.53%	19.32%	22.22%	21.45%
Revenue as Reported	2,320	2,169	1,830	1,611	1,435
Advertising Expenses	51.7	43.5	40	41.6	31.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q