Exelixis, Inc. logo EXEL - Exelixis, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 16
HOLD 16
SELL 0
STRONG
SELL
0
| PRICE TARGET: $47.33 DETAILS
HIGH: $54.00
LOW: $41.00
MEDIAN: $47.00
CONSENSUS: $47.33
DOWNSIDE: 5.62%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 2,320.1 2,168.7 1,830.2 1,611.1 1,435.0 987.5 967.8 853.8 452.5 191.5 37.2 25.1 31.3 47.5 289.6 185.0 151.8 117.9 113.5 98.7 76.0 52.9 51.5 44.3 41.0 24.8 10.5 2.3
Cost of Revenue 83.7 76.2 72.5 57.9 52.9 36.3 33.1 26.3 15.1 6.6 3.9 2.0 1.1 0 0 0 0 0 0.2 0.8 1.1 0.8 0 0 0 (18.6) (5.7) 0
Gross Profit 2,236.4 2,092.5 1,757.7 1,553.2 1,382.1 951.3 934.7 827.5 437.4 184.9 33.3 23.1 30.2 47.5 289.6 185.0 151.8 117.9 113.3 97.8 74.9 52.1 51.5 44.3 41.0 43.4 16.2 2.3
Operating Expenses
R&D Expenses 825.0 910.4 1,044.1 891.8 693.7 547.9 337.0 182.3 112.2 96.0 96.4 189.1 178.8 128.9 156.8 210.7 234.7 257.4 225.4 185.5 141.1 137.7 127.6 112.0 82.7 48.5 21.7 12.1
SG&A Expenses 518.7 492.1 542.7 459.9 401.7 293.4 228.2 206.4 159.3 116.1 57.3 50.8 51.0 31.8 33.1 33.0 39.0 36.9 44.9 39.1 27.7 20.9 18.6 18.8 19.2 18.9 7.6 5.5
Other Expenses 20.5 85.3 0 (0.2) (0.2) 0.9 0.7 0.4 0 0 0 0 0 0 0 0 0 41.5 82.1 0 0 0 0 0 26.9 37.8 13.3 0
Operating Expenses 1,364.2 1,487.9 1,586.8 1,351.7 1,095.4 841.2 565.2 388.6 271.5 212.1 153.7 239.9 229.7 160.7 190.0 243.7 273.7 298.9 307.5 225.4 170.0 159.4 146.9 131.4 109.6 86.2 35 17.6
Operating Income
Operating Income 872.2 604.6 170.9 201.5 286.7 110.1 369.5 438.9 165.9 (28.1) (121.4) (224.5) (200.7) (122.4) 89.5 (91.4) (121.9) (179.3) (157.0) (126.8) (94.0) (135.2) (96.3) (87.8) (75.3) (42.9) (18.8) (15.3)
Interest Expense 0 0 0 0 0 0 0 0 8.7 33.1 40.7 48.6 45.3 27.1 16.3 9.3 12.7 6.8 0 0 0 0 0 0 0 0 0 0
Interest Income 69.2 77.2 86.5 33.1 7.7 19.9 28.0 12.8 4.9 2.6 0.8 4.3 1.2 2.0 1.5 0.1 1.5 5.9 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 921.8 718.8 196.6 222.4 300.3 119.2 369.5 443.8 168.3 (36.2) (119.6) (217.7) (196.4) (114.7) 100.1 (72.5) (115.6) (155.6) (157.0) (109.8) (70.9) (89.1) (77.6) (70.4) (53.4) (24.0) (13.1) (15.3)
EBIT 892.7 689.9 170.9 201.5 286.7 110.1 398.1 438.9 167.1 (37.2) (121.0) (220.1) (199.5) (120.5) 93.3 (83.1) (128.2) (168.8) (194.0) (126.8) (94.0) (106.6) (95.3) (87.1) (68.6) (42.9) (18.8) (15.3)
Income Before Tax 941.2 681.6 257.5 234.4 294.2 130.8 398.1 452.1 158.6 (70.2) (169.7) (268.7) (244.9) (147.5) 77.0 (92.4) (140.8) (162.9) (86.4) (101.5) (94.8) (137.2) (95.1) (84.5) (84.7) (81.0) 0 (15.7)
Income Tax Expense 158.6 160.4 49.8 52.1 63.1 19.1 77.1 (238.0) 4.3 0 0.1 (0.2) (0.1) 0.1 1.3 (0.1) (1.3) (18.1) (107.6) 0 (9.6) 0 (0.3) 0.3 2.5 32.4 (0.1) 0
Net Income 782.6 521.3 207.8 182.3 231.1 111.8 321.0 690.1 154.2 (70.2) (169.7) (268.5) (244.8) (147.6) 75.7 (92.3) (135.2) (162.9) (86.4) (101.5) (84.4) (137.2) (94.8) (86.1) (71.2) (75.3) (18.7) (15.7)
Per Share Data
EPS (Basic) 2.88 1.80 0.65 0.57 0.73 0.36 1.06 2.32 0.52 -0.28 -0.81 -1.38 -1.33 -0.92 0.60 -0.85 -1.26 -1.54 -0.87 -1.17 -1.07 -1.89 -1.45 -1.52 -1.53 -2.43 -3.17 -2.65
EPS (Diluted) 2.78 1.76 0.65 0.56 0.72 0.35 1.02 2.21 0.49 -0.28 -0.81 -1.38 -1.33 -0.92 0.58 -0.85 -1.26 -1.54 -0.87 -1.17 -1.07 -1.89 -1.45 -1.52 -1.53 -2.43 -4.60 -2.65
Shares Outstanding 271.6 290.0 318.2 321.5 314.9 308.3 302.6 297.9 293.6 250.5 209.2 194.3 184.0 160.1 126.0 108.5 107.1 105.5 99.1 86.6 78.8 72.5 65.4 56.6 46.5 31.0 5.9 5.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 482.5 217.4 263.0 501.2 647.2 319.2 266.5 314.8 183.2 151.7 86.8 247.7 78.1 111.8 84.5 35.6 19.6 5.4 0
Short-Term Investments 576.6 893.9 732.3 807.3 819.9 887.3 585.7 378.6 204.6 268.1 116.3 14.7 77.1 125.3 131.7 192.1 93 1.5 0
Net Receivables 286.9 265.4 237.4 214.8 282.6 160.9 119.1 162.8 81.2 40.4 11.9 1.5 4.4 3.8 3.3 4.0 1.5 0.2 0
Inventory 21.7 22.4 17.3 33.3 27.5 21.0 12.9 9.8 6.7 3.3 0 0.0 0 0 0 0 3.6 0 0
Other Current Assets 75.6 68.5 67.9 62.2 0 0 0 0 0.5 0 0 0 0 3.2 3.8 2.9 2.0 0.9 0
Total Current Assets 1,443.3 1,467.6 1,318.0 1,618.8 1,834.7 1,445.4 1,011.2 897.0 484.9 470.8 230 271.6 164.0 244.1 223.4 234.6 119.6 8 0
Non-Current Assets
Property, Plant & Equipment 441.3 359.1 470.9 345.4 104.0 67.4 90.7 56.8 25.7 2.1 29.4 36.2 35.5 33.5 32.4 36.5 23.5 9.5 0
Goodwill 63.7 63.7 63.7 63.7 63.7 63.7 63.7 63.7 63.7 63.7 63.7 63.7 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 71.9 71.5 72.2 69.5 58.7 0 0
Long-Term Investments 603.6 637.3 728.7 756.7 371.1 332.3 536.4 157.2 64.3 55.6 17.9 17.8 0 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 55.8 131.0 71.9 11.3 3.5 16.7 5.4 2.4 30.1 20.0 8.7 11.1 6.0 3.1 1.4 0
Total Non-Current Assets 1,401.1 1,480.1 1,624.4 1,452.7 781.5 691.9 874.5 525.3 170.4 126.7 113.4 130.1 127.4 113.7 115.7 112.0 85.3 10.9 0
Total Assets 2,844.4 2,947.7 2,942.4 3,071.5 2,616.2 2,137.3 1,885.7 1,422.3 655.3 597.5 343.4 401.6 291.3 357.8 339.1 346.6 204.9 18.9 9.0
Current Liabilities
Account Payables 29.6 38.2 33.8 32.7 24.3 23.6 11.6 10.9 9.6 6.6 7.4 4.9 5.9 6.2 4.7 10.8 10.1 3.6 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 189.1 39.3 43.0 10.9 9.9 8.7 7.1 7.0 2.3 0
Deferred Revenue 0 0 0 7.5 7.8 1.8 6.6 15.9 32.0 19.7 103.4 88.9 28.7 21.6 23.8 12.2 0 0 0
Other Current Liabilities 287.5 267.2 82.1 71.4 45.6 42.7 15.1 3.2 52.5 33.1 0 0 0 1.8 0.8 10.1 7.1 2.8 0
Total Current Liabilities 405.6 403.8 394.3 324.4 337.6 204.7 142.7 105.5 115.2 270.6 207.1 189.5 63.8 54.1 50.2 40.4 24.1 8.7 0
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 40.4 74.7 136.4 99.4 59.0 30.7 8.0 11 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 (14.5) 0 0 (171.0) (32.4) (39.8) 0 0 0 0 0
Other Non-Current Liabilities 104.4 108.9 94.2 62.0 8.0 0.7 2.3 1.3 16.6 0.5 17.3 22.6 40.4 41.0 47.7 27.2 9.0 2 0
Total Non-Current Liabilities 277.5 299.7 284.2 258.7 68.0 53.6 57.0 29.4 255.2 237.6 300.0 268.3 176.9 142.2 113.0 69.0 17.0 13 0
Total Liabilities 683.1 703.5 678.4 583.1 405.6 258.2 199.7 134.8 370.3 508.2 507.1 457.9 240.7 196.3 163.2 109.4 41.1 21.7 0
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.0 19.5 0
Retained Earnings (76.8) (98.6) (173.4) (34.2) (216.5) (447.6) (559.4) (880.4) (1,829.2) (1,983.1) (1,089.7) (954.5) (519.4) (382.1) (287.4) (201.2) (130.0) (54.7) (36.0)
Accumulated Other Comprehensive Income 3.5 (1.3) (3.8) (14.5) (0.8) 4.5 3.1 (0.7) (0.3) (0.4) 0.2 (93.7) 0.6 1.6 (0.5) (5.8) (11.6) (14.4) 0
Total Stockholders' Equity 2,161.3 2,244.2 2,263.9 2,488.4 2,210.6 1,879.1 1,686.0 1,287.5 285.0 89.3 (163.7) (57.0) 50.7 161.5 175.9 237.2 162.7 (2.8) (35.1)
Total Liabilities & Equity 2,844.4 2,947.7 2,942.4 3,071.5 2,616.2 2,137.3 1,885.7 1,422.3 655.3 597.5 343.4 401.6 291.3 357.8 339.1 346.6 204.9 18.9 9.0
Debt Metrics
Total Debt 173.0 190.8 189.9 190.2 51.3 49.1 50.7 14.9 14.5 189.1 79.6 117.7 147.4 111.1 73.9 48.9 14.9 13.3 0
Net Debt (309.4) (26.6) (73.0) (311.0) (595.9) (270.1) (215.8) (299.9) (168.6) 37.4 (7.2) (130.0) 69.2 (0.7) (10.6) 13.4 (4.6) 7.9 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999
Operating Activities
Net Income 782.6 521.3 207.8 182.3 231.1 111.8 321.0 690.1 154.2 (70.2) (84.4) (137.2) (94.8) (86.1) (71.2) (75.3) (18.7)
Depreciation & Amortization 29.1 28.8 25.7 20.9 13.6 9.1 8.3 7.8 1.2 1.0 17.8 17.5 17.7 16.7 15.2 18.9 5.7
Stock-Based Compensation 113.0 93.8 106.3 107.6 119.8 105.1 56.6 44.3 23.9 22.9 0.1 0.1 2.5 0 0 0 0
Change in Working Capital (191.2) (13.5) (14.0) (12.8) (39.0) (40.1) 67.1 (79.8) (6.9) 227.3 29.9 (0.9) (3.7) 34.8 15.5 5.6 5.7
Other Non-Cash Items 24.6 129.0 140.7 125.0 28.8 7.9 2.9 (2.6) (10.1) 13.9 (9.6) 26.9 1.5 3.7 16.7 38.0 0
Operating Cash Flow 884.3 700.0 333.3 362.6 400.8 209.0 527.0 415.7 165.6 206.3 (46.4) (93.8) (79.2) (30.9) (23.8) (12.9) (7.3)
Investing Activities
Capital Expenditure (39.9) (66.2) (163.0) (138.5) (64.2) (30.3) (12.8) (33.3) (21.1) (1.7) (14.4) (12.3) (14.2) (5.9) (9.1) (15.4) (5)
Acquisitions 0 0 0 0 0 0 0 0.3 0.2 2.5 0.2 (1.6) 0 0 0 0 0
Purchases of Investments (610.7) (927.9) (902.5) (1,450.7) (1,357.2) (1,070.3) (1,182.7) (557.8) (319.1) (369.2) (104.8) (93.5) (218.2) (147.9) (150.8) (135.8) (1.5)
Sales/Maturities of Investments 1,022.9 877.3 1,038.5 1,064.8 1,378.5 969.4 608.3 293.0 376.9 153.8 113.6 139.1 222.7 206.3 156.5 44.7 0
Other Investing Activities (61.8) (37.8) (122.5) (110.8) (10) 0 0 0.3 (1) (1.4) (30.7) (11.2) (4.8) (5.8) 8.8 10.1 0
Investing Cash Flow 350.4 (116.8) (27.0) (524.4) (42.9) (131.2) (587.2) (297.9) 35.8 (216.0) (36.1) 20.5 (14.6) 46.8 5.4 (96.4) (6.5)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 (0.0) (185.8) (7.7) 1.5 34.6 37.1 24.8 21.4 (2.8) 8.3
Stock Repurchased (947.5) (652.0) (550.4) 0 0 0 0 (7.6) (6.6) (4.1) 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (71.2) 23.2 4.3 0.6 (14.8) (25.1) 12.6 9.7 15.9 23.4 37 0 0.7 1.0 0 0.3 (0.1)
Financing Cash Flow (969.6) (628.8) (546.1) 0.6 (14.8) (25.1) 12.6 9.7 (169.9) 19.8 100.9 39.7 114.7 32.6 34.4 123.5 17.1
Cash Position
Net Change in Cash 265.1 (45.6) (239.7) (161.2) 343.1 52.6 (47.7) 127.6 31.5 10.1 18.4 (33.7) 21.5 48.9 16.0 14.2 3.3
Cash at Beginning 217.4 263.0 502.7 663.9 320.8 268.1 315.9 188.3 151.7 141.6 78.1 111.8 90.3 35.6 19.6 5.4 2.1
Cash at End 482.5 217.4 263.0 502.7 663.9 320.8 268.1 315.9 183.2 151.7 96.5 78.1 111.8 84.5 35.6 19.6 5.4
Free Cash Flow 844.3 633.8 170.4 224.2 336.6 178.6 514.1 382.4 144.5 204.6 (60.7) (106.2) (93.5) (36.8) (32.9) (28.3) (12.3)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 2,320.1 2,168.7 1,830.2 1,611.1 1,435.0 987.5 967.8 853.8 452.5 191.5 37.2 25.1 31.3 47.5 289.6 185.0 151.8 117.9 113.5 98.7 76.0 52.9 51.5 44.3 41.0 24.8 10.5 2.3
Gross Profit 2,236.4 2,092.5 1,757.7 1,553.2 1,382.1 951.3 934.7 827.5 437.4 184.9 33.3 23.1 30.2 47.5 289.6 185.0 151.8 117.9 113.3 97.8 74.9 52.1 51.5 44.3 41.0 43.4 16.2 2.3
Operating Income 872.2 604.6 170.9 201.5 286.7 110.1 369.5 438.9 165.9 (28.1) (121.4) (224.5) (200.7) (122.4) 89.5 (91.4) (121.9) (179.3) (157.0) (126.8) (94.0) (135.2) (96.3) (87.8) (75.3) (42.9) (18.8) (15.3)
Net Income 782.6 521.3 207.8 182.3 231.1 111.8 321.0 690.1 154.2 (70.2) (169.7) (268.5) (244.8) (147.6) 75.7 (92.3) (135.2) (162.9) (86.4) (101.5) (84.4) (137.2) (94.8) (86.1) (71.2) (75.3) (18.7) (15.7)
EPS (Diluted) 2.78 1.76 0.65 0.56 0.72 0.35 1.02 2.21 0.49 -0.28 -0.81 -1.38 -1.33 -0.92 0.58 -0.85 -1.26 -1.54 -0.87 -1.17 -1.07 -1.89 -1.45 -1.52 -1.53 -2.43 -4.60 -2.65
Balance Sheet
Cash & Equivalents 482.5 217.4 263.0 501.2 647.2 319.2 266.5 314.8 183.2 151.7 86.8 247.7 78.1 111.8 84.5 35.6 19.6 5.4 0
Total Assets 2,844.4 2,947.7 2,942.4 3,071.5 2,616.2 2,137.3 1,885.7 1,422.3 655.3 597.5 343.4 401.6 291.3 357.8 339.1 346.6 204.9 18.9 9.0
Total Debt 173.0 190.8 189.9 190.2 51.3 49.1 50.7 14.9 14.5 189.1 79.6 117.7 147.4 111.1 73.9 48.9 14.9 13.3 0
Stockholders' Equity 2,161.3 2,244.2 2,263.9 2,488.4 2,210.6 1,879.1 1,686.0 1,287.5 285.0 89.3 (163.7) (57.0) 50.7 161.5 175.9 237.2 162.7 (2.8) (35.1)
Cash Flow
Operating Cash Flow 884.3 700.0 333.3 362.6 400.8 209.0 527.0 415.7 165.6 206.3 (46.4) (93.8) (79.2) (30.9) (23.8) (12.9) (7.3)
Capital Expenditure (39.9) (66.2) (163.0) (138.5) (64.2) (30.3) (12.8) (33.3) (21.1) (1.7) (14.4) (12.3) (14.2) (5.9) (9.1) (15.4) (5)
Free Cash Flow 844.3 633.8 170.4 224.2 336.6 178.6 514.1 382.4 144.5 204.6 (60.7) (106.2) (93.5) (36.8) (32.9) (28.3) (12.3)