Ionis Pharmaceuticals, Inc.

Ionis Pharmaceuticals, Inc.

IONS
Ionis Pharmaceuticals, Inc.US flagNASDAQ Global Select
44.53
USD
+0.15
- -
7.40BMarket Cap
Ionis Pharmaceuticals, Inc.
IONS
(NASDAQ Global Select)

Recent

price

44.53

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.09
0.99
1.01
1.33
1.82
2.37
3.08
4.15
4.53
8.02
5.21
5.75
4.14
5.5
4.72
5.9
5.36
Revenue per Share
-0.62
-0.85
-0.65
-0.55
-0.33
-0.74
-0.5
- -
2.07
1.99
-3.17
-0.2
-1.9
-2.56
-3.04
-2.38
-3.47
Basic EPS, GAAP
-0.82
-1.26
-0.03
0.53
-0.04
0.08
-1.02
1.1
4.42
2.21
-0.04
0.09
-2.08
-2.34
-3.69
-2.04
-3.48
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.46
1.71
1.8
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
Book Value per Share
2.3
1.46
1.55
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
Tangible Book Value per Share
99
100
101
111
118
120
121
124
132
140
140
141
142
143
150
160
163
Basic Weighted Avg Shares
108
99
102
147
214
284
373
514
600
1,123
729
810
587
788
705
944
874
Sales/Revenue/Turnover
-44.58
-71.76
-67.54
-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
Operating Margin (%)
9
12
11
10
9
10
9
8
13
16
17
20
22
22
22
23
27
Depreciation Expense
-61
-85
-65
-61
-39
-88
-60
- -
274
278
-444
-29
-270
-366
-454
-381
-565
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
15.2
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-56.47
-85.58
-64.16
-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
Profit Margin (%)
377
284
349
638
721
688
664
925
1,928
2,448
1,532
2,104
1,891
2,194
2,311
2,209
2,176
Working Capital
149
211
215
222
447
462
573
593
628
770
600
1,248
1,362
1,400
1,407
1,610
1,614
LT Debt
245
171
183
378
258
201
100
365
1,187
1,685
743
772
573
387
588
489
440
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
14.37
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
13.05
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-22.84
-40.77
-36.97
-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
Return on Common Equity (%)

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
-0.95
-0.66
-3.04
2025
-0.93
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
- -
- -
- -
- -
- -
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 (NASDAQ:IONS) EVP Shannon Devers Sells 1,357 Shares of Company Stock

  • TRYNGOLZA® (olezarsen) recommended for approval in the EU by CHMP for severe hypertriglyceridemia (sHTG)

  • Alnylam vs. Ionis: Here's the Better Bad-News Buy

  • NVS Wins FDA Nod for Label Expansion of Immunology Drug Rhapsido

  • Ionis Pharmaceuticals (NASDAQ:IONS) Reaches New 52-Week Low – Should You Sell?

  • Contrasting Alector (NASDAQ:ALEC) & Ionis Pharmaceuticals (NASDAQ:IONS)

  • 4 RNA Therapeutics Stocks Leading the Next Wave of Innovation

  • Ionis Delivers Positive Late-Stage Results for Two Partnered Drugs

  • Ionis and Roche Advance First RNA-Targeted Therapy for Autoimmune Kidney Disease

  • Ionis announces positive interim data from partner Roche's Phase 3 IMAgINATION study in IgA nephropathy (IgAN)

  • Otsuka, Ionis' experimental ALS drug meets main goal in late-stage study

  • Ionis announces positive topline results from Phase 3 FUSION study of ulefnersen marking significant milestone in advancing first potential disease modifying treatment for FUS-ALS

  • Otsuka Announces Transformative Phase 3 FUSION Results for Ulefnersen, Bringing the FUS-ALS Community Closer to a Potential Targeted Treatment

  • Investors Dumped Ionis Pharmaceuticals Stock -- But Wall Street Hasn't Budged From Its Bullish Outlook

  • Ionis Pharmaceuticals Eyes TRYNGOLZA Growth as Pipeline Faces Cardio Setbacks

  • Ionis Pharmaceuticals, Inc. (IONS) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

  • Ionis Pharmaceuticals, Inc. (IONS) Presents at Wells Fargo 21st Annual Healthcare Conference Transcript

  • Cathie Wood Is Loading Up on Ionis Pharmaceuticals (IONS) Stock. Here's the Bet She's Making.

  • Novartis' Del-desiran Fails Late-Stage DM1 Study, Shares Fall

  • Ionis Pharmaceuticals (NASDAQ:IONS) Shares Gap Down After Analyst Downgrade