Ionis Pharmaceuticals, Inc.

Ionis Pharmaceuticals, Inc.

IONS
Ionis Pharmaceuticals, Inc.US flagNASDAQ Global Select
72.97
USD
-2.41
- -
12.06BMarket Cap
Ionis Pharmaceuticals, Inc.
IONS
(NASDAQ Global Select)

Recent

price

72.97

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
5.51
4.7
5.9
6.55
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
-3.03
-2.38
-2.02
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
-2.07
-2.35
-3.68
-2.04
-6.05
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-7.63
-8.44
-9.02
-8.76
-8.55
-9.14
-9.77
-10.01
-7.31
-5.05
-8.08
-8.23
-10.07
-12.56
-15
-16.44
-16.86
Book Value per Share
2.31
1.47
1.57
3.24
2.04
1.52
0.65
2.77
8.79
11.85
5.11
5.27
4.03
2.7
3.92
3.06
3.04
Tangible Book Value per Share
99
100
101
111
118
120
121
124
132
140
140
141
142
143
150
160
162
Basic Weighted Avg Shares
108
99
102
147
214
284
373
514
600
1,123
729
810
587
788
705
944
1,058
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
-33.29
Operating Margin (%)
9
12
11
10
9
10
9
8
13
16
17
20
22
22
22
23
25
Depreciation Expense
-61
-85
-65
-61
-39
-88
-60
- -
274
278
-444
-29
-270
-366
-454
-381
-327
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
-30.9
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
2,220
Working Capital
149
211
215
222
447
462
573
593
628
770
600
1,248
1,362
1,400
1,407
1,610
1,608
LT Debt
245
171
183
378
258
201
100
365
1,187
1,685
743
772
573
387
588
489
491
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
14.37
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
609.27
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
631
455
432
LT Borrowings
596
1,347
1,349
LT Finance Leases
263
262
259
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
161
163
166
Market Capitalization
10,402
12,658
12,127

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,519
2,991
2,937
Cash, Cash Equivalents & STI
2,240
2,677
1,919
Accounts Receivable, Net
- -
- -
- -
Inventories
10
10
6
Total Current Liabilities
903
782
717
Payables & Accruals
114
137
155
ST Debt
631
455
432
Deferred Revenue
77
74
69

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
- -
- -
- -
- -

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
- -
- -
- -
- -

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

APIChat
  • Why Is Ionis Pharmaceuticals (IONS) Up 3.4% Since Last Earnings Report?

  • Ionis Pharmaceuticals: Bull Run Can Continue As Major Catalysts Approach

  • Ionis partner GSK announces bepirovirsen achieves unprecedented functional cure rates with potential to redefine treatment for chronic hepatitis B

  • Ionis partner GSK announces bepirovirsen achieves unprecedented functional cure rates with potential to redefine treatment for chronic hepatitis B

  • Ionis Pharmaceuticals Eyes Big Year With TRYNGOLZA Decision, 5 Phase 3 Readouts

  • Ionis Pharmaceuticals, Inc. (IONS) Presents at RBC Capital Markets Global Healthcare Conference 2026 Transcript

  • Ionis Pharmaceuticals Touts $3B TRYNGOLZA Opportunity, Pipeline Readouts at Conference

  • BIIB Advances Alzheimer's Disease Drug Despite Study Missing Main Goal

  • Ionis partner Biogen announces topline results from Phase 2 CELIA study of diranersen (BIIB080): first study to show reduction in tau pathology and cognitive benefit in patients with early Alzheimer's disease

  • Ionis Pharmaceuticals, Inc. (IONS) Presents at Bank of America Global Healthcare Conference 2026 Transcript

  • GSK Targets China's Hepatitis B Market Through New Deal

  • Tweedy Browne's Strategic Moves: Ionis Pharmaceuticals Inc. Sees Significant Reduction

  • Ionis to host 2026 virtual Annual Meeting of Stockholders

  • Ionis to present at upcoming investor conferences

  • Ionis Pharmaceuticals, Inc. (IONS) Q1 2026 Earnings Call Transcript

  • Compared to Estimates, Ionis Pharmaceuticals (IONS) Q1 Earnings: A Look at Key Metrics

  • Ionis Pharmaceuticals (IONS) Reports Q1 Loss, Tops Revenue Estimates

  • Ionis reports first quarter 2026 financial results and highlights progress on key programs

  • Ionis partner GSK announces bepirovirsen accepted for Priority Review and granted Breakthrough Therapy Designation by U.S. FDA as a potential first-in-class medicine for chronic hepatitis B

  • Ionis presents new data from pivotal study of zilganersen in Alexander disease (AxD) at AAN 2026 Annual Meeting