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Exelixis, Inc.

Exelixis, Inc.

NASDAQ•EXEL
CEO: Dr. Stelios Papadopoulos Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2000-04-17
Exelixis, Inc., an oncology company, focuses on the discovery, development, and commercialization of new medicines for difficult-to-treat cancers in the United States. The company offers CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of progressive and metastatic medullary thyroid cancer. Its CABOMETYX and COMETRIQ are derived from cabozantinib, an inhibitor of multiple tyrosine kinases, including MET, AXL, RET, and VEGF receptors. The company also offers COTELLIC, an inhibitor of MEK as a combination regimen to treat specific forms of advanced melanoma; and MINNEBRO, an oral non-steroidal selective blocker of the mineralocorticoid receptor for the treatment of hypertension in Japan. It develops zanzalintinib, a novel, potent, next-generation oral tyrosine kinase inhibitor (TKI) that targets VEGF receptors, MET and the TAM kinases (TYRO3, AXL and MER); and XB002, a next-generation tissue factor (TF)-targeting ADC, administered via intravenous infusion and composed of a human monoclonal antibody (mAb) against TF that is conjugated to an auristatin-based microtubulin inhibitor (MTI) payload. It has research collaborations and license agreements with Ipsen Pharma SAS; Takeda Pharmaceutical Company Ltd.; F. Hoffmann-La Roche Ltd.; Redwood Bioscience, Inc.; R.P. Scherer Technologies, LLC; Catalent Pharma Solutions, Inc.; NBE Therapeutics AG; Aurigene Discovery Technologies Limited; Iconic Therapeutics, Inc.; Invenra, Inc.; StemSynergy Therapeutics, Inc.; Genentech, Inc.; Bristol-Myers Squibb Company; and Daiichi Sankyo Company, Limited, as well as clinical development agreement and collaboration with Sairopa B.V. and Merck & Co., Inc. The company was formerly known as Exelixis Pharmaceuticals, Inc. and changed its name to Exelixis, Inc. in February 2000. Exelixis, Inc. was incorporated in 1994 and is headquartered in Alameda, California.
Contact Information
1851 Harbor Bay Parkway, Alameda, CA, 94502, United States
650-837-7000
www.exelixis.com
Market Cap
$10.96B
P/E (TTM)
16.2
42.1
Dividend Yield
--
52W High
$49.62
52W Low
$31.90
52W Range
51%
Rank35Top 21.9%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$597.76M+10.79%
4-Quarter Trend

EPS

$0.72+75.61%
4-Quarter Trend

FCF

$288.84M+10.18%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Net Income Soars Net income reached $193.6M for Q3 2025, a significant increase from $118.0M reported in Q3 2024.
Product Revenue Strong Growth Net product revenues grew 14% to $542.9M in Q3 2025, driven by CABOMETYX unit sales volume increases.
Operating Cash Flow Up Nine-month net cash provided by operating activities increased 20% to $550.8M compared to the prior year period.
Pipeline Data Positive Zanzalintinib STELLAR-303 showed positive OS results versus regorafenib; NDA submission planned by end of 2025.

Risk Factors

Generic Competition Threat Approval of generic CABOMETYX from MSN, Sun, or Azurity could significantly decrease U.S. sales revenue and harm results.
Reimbursement Coverage Difficulties Obtaining and maintaining coverage and reimbursement for CABOMETYX is becoming increasingly difficult in U.S. and foreign markets.
R&D Scaling Challenges Research and development objectives face impedance from scaling organization demands and inherent risks in drug discovery operations.
Potential Tariff Imposition U.S. Presidential administration suggested imposing tariffs on imported pharmaceuticals, posing an uncertain risk to future operations.

Outlook

Pipeline Expansion Focus Expect to progress up to two new development candidates into preclinical development later in 2025, expanding pipeline breadth.
Continued Share Repurchases Board authorized additional $750.0M repurchase program; $104.7M remained available as of September 30, 2025.
Zanzalintinib Pivotal Trials Pivotal trials STELLAR-304 and STELLAR-311 are ongoing, with top-line results expected in the second half of 2026.
Projecting Lower R&D Costs R&D expenses projected to decrease for remainder of 2025 due to lower collaboration costs and clinical trial expenses.

Peer Comparison

Revenue (TTM)

Molina Healthcare, Inc.MOH
$54.07B
+37.9%
BioMarin Pharmaceutical Inc.BMRN
$3.09B
+12.4%
Exelixis, Inc.EXEL
$2.29B
+9.9%

Gross Margin (Latest Quarter)

Ionis Pharmaceuticals, Inc.IONS
98.5%
-0.7pp
Exelixis, Inc.EXEL
96.9%
+0.1pp
Madrigal Pharmaceuticals, Inc.MDGL
95.6%
+1.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ROIV$15.37B-40.2-8.0%2.0%
RVMD$15.25B-15.5-49.2%7.0%
BBIO$14.32B-18.046.8%0.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.8%
Moderate Growth
4Q Net Income CAGR
11.4%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 10, 2026
|
EPS:$0.74
|
Revenue:$609.25M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Oct 3, 2025|Filed: Nov 4, 2025|
    Revenue: $597.76M+10.8%
    |
    EPS: $0.72+75.6%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jul 4, 2025|Filed: Jul 28, 2025|
    Revenue: $568.26M-10.8%
    |
    EPS: $0.68-12.8%
    Meet
  • Form 10-Q - Q1 2025

    Period End: Apr 4, 2025|Filed: May 13, 2025|
    Revenue: $555.45M+30.6%
    |
    EPS: $0.57+375.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Jan 3, 2025|Filed: Feb 11, 2025|
    Revenue: $2.17B+18.5%
    |
    EPS: $1.80+176.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 27, 2024|Filed: Oct 29, 2024|
    Revenue: $539.54M+14.3%
    |
    EPS: $0.41+12324.2%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 28, 2024|Filed: Aug 6, 2024|
    Revenue: $637.18M+35.6%
    |
    EPS: $0.78+212.0%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 29, 2024|Filed: Apr 30, 2024|
    Revenue: $425.23M+4.0%
    |
    EPS: $0.12+0.0%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 29, 2023|Filed: Feb 6, 2024|
    Revenue: $1.83B+13.6%
    |
    EPS: $0.65+14.0%
    Beat