Ionis Pharmaceuticals, Inc.

Ionis Pharmaceuticals, Inc.

IONS
Ionis Pharmaceuticals, Inc.US flagNASDAQ Global Select
58.09
USD
-0.04
- -
9.65BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.33
1.82
2.37
3.08
4.15
4.53
8.02
5.21
5.75
4.14
5.51
4.7
5.9
5.36
Basic EPS, GAAP
-0.55
-0.33
-0.74
-0.5
- -
2.07
1.99
-3.17
-0.2
-1.9
-2.56
-3.03
-2.38
-3.47
Free Cash Flow per Basic Share
0.53
-0.04
0.08
-1.02
1.1
4.42
2.21
-0.04
0.09
-2.07
-2.35
-3.68
-2.04
-3.48
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.25
2.18
1.67
0.82
2.25
7.6
10.48
5.3
5.47
4.03
2.68
3.73
2.99
2.65
Tangible Book Value per Share
3.08
2.03
1.51
0.65
2.07
7.42
10.3
5.1
5.26
4.03
2.68
3.73
2.99
2.65
Basic Weighted Avg Shares
111
118
120
121
124
132
140
140
141
142
143
150
160
163
Sales/Revenue/Turnover
147
214
284
373
514
600
1,123
729
810
587
788
705
944
874
Operating Margin (%)
-35.08
-22.29
-26.7
-5.41
6.04
-10.23
32.59
-20.56
-1.82
-69.84
-44.91
-67.38
-40.45
-68.01
Depreciation Expense
10
9
10
9
8
13
16
17
20
22
22
22
23
27
Net Income, GAAP
-61
-39
-88
-60
- -
274
278
-444
-29
-270
-366
-454
-381
-565
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
15.2
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-41.17
-18.2
-31.12
-16.2
0.07
45.65
24.78
-60.92
-3.53
-45.92
-46.5
-64.37
-40.41
-64.66
Working Capital
638
721
688
664
925
1,928
2,448
1,532
2,104
1,891
2,194
2,311
2,209
2,176
LT Debt
222
447
462
573
593
628
770
600
1,248
1,362
1,400
1,407
1,610
1,614
Total Equity
378
258
201
100
365
1,187
1,685
743
772
573
387
588
489
440
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
14.37
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
13.05
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-21.61
-12.26
-38.5
-40.22
0.18
41.19
22.08
-40.13
-3.78
-40.12
-76.34
-93.1
-70.8
-105.5

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
455
432
- -
LT Borrowings
1,347
1,349
1,351
LT Finance Leases
262
259
262
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
163
166
166
Market Capitalization
12,919
12,458
13,154

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,991
2,937
2,491
Cash, Cash Equivalents & STI
2,677
1,919
2,055
Accounts Receivable, Net
- -
- -
- -
Inventories
10
6
51
Total Current Liabilities
782
717
316
Payables & Accruals
137
155
166
ST Debt
455
432
- -
Deferred Revenue
74
69
74

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
40.83%
-3.83%
-16.87%
Free Cash Flow
-414.4%
-539.18%
-40.93%
Net Income, GAAP
7,941.9%
158.67%
-15.97%
Sales/Revenue/Turnover
17.92%
8.21%
33.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
119
225
134
227
705
2025
132
452
157
203
944
2026
246
268
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.98
-0.45
-0.94
-0.66
-3.03
2025
-0.92
0.78
-0.8
-1.42
-2.38
2026
-0.56
-0.69
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Brett Monia
Full Time Employees
1,480
Sector
Healthcare
Industry
Biotechnology
Address
2855 Gazelle Court Carlsbad CA United States of America 92010
IPO Date
May 17, 1991
Website
ionis.com
Business
Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) develops and commercializes RNA-targeted therapeutics for patients with rare diseases and other unmet medical needs. The company utilizes its proprietary antisense technology platform to design drugs that modulate RNA and protein expression; its marketed products include Spinraza (nusinersen) for spinal muscular atrophy, Tegsedi (inotersen) and Waylivra (volanesorsen) for rare cardiovascular and metabolic diseases; and its pipeline encompasses candidates such as pelacarsen for cardiovascular disease, olezarsen for familial chylomicronemia syndrome and familial partial lipodystrophy, and donidalorsen for hereditary angioedema. Ionis operates primarily in the biotechnology sector, targeting pharmaceutical companies through licensing agreements and direct commercialization in select markets, with global operations spanning the United States, Europe, and other regions. Founded in 1989 and headquartered in Carlsbad, California, the company maintains subsidiaries including Akcea Therapeutics, which focuses on commercializing certain antisense medicines prior to its integration into Ionis. In recent developments, Ionis completed the acquisition of certain assets from Novartis in 2024, including rights to pelacarsen; announced positive Phase 3 topline results for olezarsen in severe hypertriglyceridemia in mid-2025; and entered a strategic collaboration with Moderna in late 2024 to develop antisense-based therapies for cardiovascular indications. Additionally, the company reported its Q3 2025 financial results in November 2025, highlighting pipeline advancements and royalty revenues exceeding $200 million from Spinraza, alongside preparations for multiple regulatory filings in 2026.

Company News

  • Ionis Pharmaceuticals Wins FDA Approval for First Alexander Disease Treatment

  • IONS Secures FDA Nod for Rare Brain Disorder Drug Zanvastro

  • ZANVASTRO™ (zilganersen) approved by the FDA as the first and only disease modifying treatment for Alexander disease (AxD) in pediatric and adult patients

  • ZANVASTRO™ (zilganersen) approved by the FDA as the first and only disease modifying treatment for Alexander disease (AxD) in pediatric and adult patients

  • US FDA approves Ionis Pharma's therapy to treat rare brain disorder

  • Ionis to present at upcoming investor conferences

  • Here's Why Ionis Pharmaceuticals' Steep Sell-off Was Overdone

  • Financial Review: Ionis Pharmaceuticals (NASDAQ:IONS) & Purple Biotech (NASDAQ:PPBT)

  • Why Is Ionis Pharmaceuticals (IONS) Up 17.2% Since Last Earnings Report?

  • ADAR1 Capital Management LLC Acquires Shares of 166,286 Ionis Pharmaceuticals, Inc. $IONS

  • Breakfast News: A Conversation With Ionis CEO

  • Ionis to present new data strengthening leadership in the management of severe hypertriglyceridemia (sHTG) at the European Society of Cardiology Congress 2026

  • Ionis Stock Has Plunged 30%. Is It Time to Buy the Beaten-Down Stock?

  • IONS Investors Have Opportunity to Join Ionis Pharmaceuticals, Inc. Fraud Investigation with SBS Law

  • IONS Investors Have Opportunity to Join Ionis Pharmaceuticals, Inc. Fraud Investigation with SBS Law

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ionis Pharmaceuticals, Inc. - IONS

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ionis Pharmaceuticals, Inc. - IONS

  • Ionis Pharmaceuticals Director Hayden Buys $1.1 Million Shares. What Does This Mean for Investors?

  • Insider Buying: Ionis Pharmaceuticals (NASDAQ:IONS) Director Buys $800,700.00 in Stock

  • IONS Beats Q2 Earnings & Sales Estimates, Reiterates '26 Outlook