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Nasdaq · Healthcare

EXELIXIS, INC. (EXEL)

As-reported financials and SEC filings for EXELIXIS, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About EXELIXIS, INC.

Exelixis, Inc. is a biopharmaceutical company focused on developing and commercializing oncology medicines. Its main products include cabozantinib-based therapies marketed as CABOMETYX and COMETRIQ, which are approved to treat various forms of cancer such as renal cell carcinoma, hepatocellular carcinoma, thyroid cancer, and neuroendocrine tumors. The company serves patients and healthcare providers by advancing cancer treatment options through its internal research and strategic collaborations.

Snapshot

Revenue
$2.32B
Revenue growth (YoY)
7.0%
Net income
$782.6M
Diluted EPS
$2.78
Gross margin
Operating margin
37.6%
Net margin
33.7%
FCF margin
37.7%
ROE
36.2%
net income / fiscal-year-end equity
P/E
17.8×
trailing when available, otherwise FY EPS
Market cap
$13.90B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended January 2, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Exelixis

  • Revenue grew 7.0% to $2.3B in FY2025, slower than the 18.5% the year before.
  • Operating margin is 37.6% in FY2025, +17.6 pp against 20.0% in FY2020.
  • Most recent quarter Q2 FY2026: revenue $629M, up 10.6% from Q2 FY2025.
  • Free cash flow was $876M in FY2025, 37.7% of revenue.
  • Net income rose 50.1% to $783M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Exelixis’s fundamentals sit among the 71 biotech companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin37.6%
87th percentile of 31
Net margin33.7%
90th percentile of 32
FCF margin37.7%
85th percentile of 28
Revenue growth (YoY)+7.0%
40th percentile of 64
ROE36.2%
92nd percentile of 61
P/E17.8×
47th percentile of 20
Short interest8.71d
54th percentile of 71

Exelixis’s return on equity of 36.2% ranks in the 92nd percentile of the 61 biotech companies reporting it. Exelixis’s net margin of 33.7% ranks in the 90th percentile of the 32 biotech companies reporting it. Exelixis’s operating margin of 37.6% ranks in the 87th percentile of the 31 biotech companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $526,512. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$2.00B
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$730.6M13.4MReduced
AQR Capital ManagementquantQ2 2026$598.6M11.0MReduced
D. E. ShawquantQ2 2026$302.1M5.6MAdded
Two Sigma InvestmentsquantQ2 2026$229.1M4.2MAdded
Millennium ManagementquantQ2 2026$66.3M1.2MAdded
Gotham Asset ManagementQ2 2026$48.6M892.7KReduced
Bridgewater AssociatesQ2 2026$21.8M400.9KReduced
Citadel AdvisorsquantQ2 2026$3.9M70.9KReduced
First Eagle Investment ManagementQ2 2026$544,10010.0KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$527K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-10
filed 2026-08-12
Beckerle Mary CDirectorSell9.8K$53.66$527K
2026-06-01
filed 2026-06-03
Eckhardt Sue GailDirectorSell9.8K$50.14$492K
2026-06-01
filed 2026-06-03
WYSZOMIERSKI JACK LDirectorSell3.9K$50.55$198K
2026-05-26
filed 2026-05-28
Aftab DanaEVP, Research and DevelopmentSell43.5K$50.35$2.2M
2026-05-20
filed 2026-05-22
Haley Patrick J.EVP, CommercialSell32.1K$49.81$1.6M
2026-05-18
filed 2026-05-19
Senner Christopher J.EVP and CFOSell34.9K$50.00$1.7M
2026-05-18
filed 2026-05-19
Hefti BrendaSVP and General CounselSell6.6K$50.21$333K
2026-05-07
filed 2026-05-08
POSTE GEORGEDirectorSell60.0K$45.71$2.7M
2026-05-07
filed 2026-05-08
Freire Maria CDirectorSell20.6K$46.00$949K
2026-05-07
filed 2026-05-08
Beckerle Mary CDirectorSell7.7K$48.45$374K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
28.0M
settled 2026-08-14
Change vs prior
-2.5%
vs previous settlement
Days to cover
8.71
at avg daily volume
Avg daily volume
3.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1428.0M-2.5%8.71
2026-07-3128.7M-7.0%13.42
2026-07-1530.9M+8.3%12.67
2026-06-3028.5M-6.8%8.58
2026-06-1530.6M+3.1%13.54
2026-05-2929.7M-1.9%12.35
2026-05-1530.3M+0.9%9.17
2026-04-3030.0M+6.0%12.64

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2022FY2021FY2020
Revenue$2.32B$2.17B$1.83B$1.61B$1.43B
Gross profit
Operating income$872.2M$604.6M$170.9M$201.5M$286.7M
Net income$782.6M$521.3M$207.8M$182.3M$231.1M
Diluted EPS$2.78$1.76$0.65$0.56$0.72

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2022FY2021FY2020
Cash and equivalents$482.5M$217.4M$263.0M$501.2M$647.2M
Current assets$1.44B$1.47B$1.32B$1.62B$1.83B
Total assets$2.84B$2.95B$2.94B$3.07B$2.62B
Current liabilities$405.6M$403.8M$394.3M$324.4M$337.6M
Long-term debt
Total liabilities$683.1M$703.5M$678.4M$583.1M$405.6M
Total equity$2.16B$2.24B$2.26B$2.49B$2.21B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2022FY2021FY2020
Operating cash flow$884.3M$700.0M$333.3M$362.6M$400.8M
Capital expenditure$8.4M$28.4M$40.5M$27.7M$54.2M
Free cash flow$875.8M$671.5M$292.9M$334.9M$346.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$628.7M10.6%$212.1M$0.82
Q1 FY2026$610.8M10.0%$210.5M$0.79
Q4 FY2025$598.7M5.6%$244.5M$0.88
Q3 FY2025$597.8M10.8%$193.6M$0.69
Q2 FY2025$568.3M-10.8%$184.8M$0.65
Q1 FY2025$555.4M30.6%$159.6M$0.55
Q4 FY2024$566.8M$139.9M$0.48
Q3 FY2024$539.5M$118.0M$0.40

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryBiological Products, (No Diagnostic Substances)
Latest annual periodFY2025 (ended January 2, 2026)
Latest reported quarterQ2 FY2026 (ended July 3, 2026)
Oldest indexed filing2018
SEC CIK939767

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-31
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-05-29
View on EDGAR →
8-K2026-05-05
View on EDGAR →

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All biotech stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.