Ionis Pharmaceuticals, Inc. (IONS)

58.09USD -0.07% (-0.04)

Over 1M: +2.7%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

55 57.5 60 62.5
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 133.1M Q3 '21 — Operating Cash Flow: -55.6M Q3 '21 — Free Cash Flow: -58.9M Q3 '21 — Net Income: -82.5M Q4 '21 — Revenue: 440M Q4 '21 — Operating Cash Flow: 203.7M Q4 '21 — Free Cash Flow: 201.2M Q4 '21 — Net Income: 224.6M Q1 '22 — Revenue: 141.9M Q1 '22 — Operating Cash Flow: -31.6M Q1 '22 — Free Cash Flow: -34.4M Q1 '22 — Net Income: -65.2M Q2 '22 — Revenue: 133.8M Q2 '22 — Operating Cash Flow: -18.1M Q2 '22 — Free Cash Flow: -21.4M Q2 '22 — Net Income: -105.1M Q3 '22 — Revenue: 159.8M Q3 '22 — Operating Cash Flow: -24.4M Q3 '22 — Free Cash Flow: -30M Q3 '22 — Net Income: -47M Q4 '22 — Revenue: 151.9M Q4 '22 — Operating Cash Flow: -200.2M Q4 '22 — Free Cash Flow: -204.3M Q4 '22 — Net Income: -52.4M Q1 '23 — Revenue: 130.5M Q1 '23 — Operating Cash Flow: -134M Q1 '23 — Free Cash Flow: -144.5M Q1 '23 — Net Income: -124.3M Q2 '23 — Revenue: 188.4M Q2 '23 — Operating Cash Flow: -97.4M Q2 '23 — Free Cash Flow: -109.4M Q2 '23 — Net Income: -85.3M Q3 '23 — Revenue: 144.2M Q3 '23 — Operating Cash Flow: -109M Q3 '23 — Free Cash Flow: -111.2M Q3 '23 — Net Income: -147.4M Q4 '23 — Revenue: 324.5M Q4 '23 — Operating Cash Flow: 32.9M Q4 '23 — Free Cash Flow: 32M Q4 '23 — Net Income: -9.3M Q1 '24 — Revenue: 119.5M Q1 '24 — Operating Cash Flow: -149.9M Q1 '24 — Free Cash Flow: -154.4M Q1 '24 — Net Income: -142.8M Q2 '24 — Revenue: 225.2M Q2 '24 — Operating Cash Flow: -119.9M Q2 '24 — Free Cash Flow: -126.1M Q2 '24 — Net Income: -66.3M Q3 '24 — Revenue: 133.8M Q3 '24 — Operating Cash Flow: -115M Q3 '24 — Free Cash Flow: -124M Q3 '24 — Net Income: -140.5M Q4 '24 — Revenue: 226.6M Q4 '24 — Operating Cash Flow: -116.1M Q4 '24 — Free Cash Flow: -141.6M Q4 '24 — Net Income: -104.3M Q1 '25 — Revenue: 131.6M Q1 '25 — Operating Cash Flow: -150.8M Q1 '25 — Free Cash Flow: -163.4M Q1 '25 — Net Income: -146.9M Q2 '25 — Revenue: 452M Q2 '25 — Operating Cash Flow: 151.3M Q2 '25 — Free Cash Flow: 139M Q2 '25 — Net Income: 123.6M Q3 '25 — Revenue: 156.7M Q3 '25 — Operating Cash Flow: -131.4M Q3 '25 — Free Cash Flow: -136.7M Q3 '25 — Net Income: -128.6M Q4 '25 — Revenue: 203.3M Q4 '25 — Operating Cash Flow: -137.7M Q4 '25 — Free Cash Flow: -159M Q4 '25 — Net Income: -229.4M Q1 '26 — Revenue: 246.1M Q1 '26 — Operating Cash Flow: -792.8M Q1 '26 — Free Cash Flow: -814.6M Q1 '26 — Net Income: -92.5M Q2 '26 — Revenue: 267.9M Q2 '26 — Operating Cash Flow: 565.5M Q2 '26 — Free Cash Flow: 549.5M Q2 '26 — Net Income: -114.6M -600M -300M 0 300M 600M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

1.1
SBC / sales 18.7%
OE margin -82.8%
Oper. margin -68.0%
ROIC -74.6%
Accruals -2.3%
Gross margin 98.2%
EBITDA margin -66.6%
FCF margin -64.2%
OCF margin -56.8%
Profit margin -64.7%
ROA -18.9%
ROCE -22.2%
ROE -128.5%
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

2.9
EV/Sales 11.3×
EV/OE -13.6×
P/C 4.7×
FCF yield -5.8%
P/B 22.0×
Div. yield —
EV/EBIT —
EV/GP —
Fwd P/E —
P/E —
PEG —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

3.4
RPO / sales 0.084×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

4.2
Current ratio 10.3×
ND/EBITDA -0.019
Interest cover -31.6×
Quick ratio 7.7×
Cash / Debt 0.92×
Net debt / Eq 0.43×
Debt / Eq 5.1×
F-score 4.0 pts
Cash runway —
Debt payback —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.1
Sales/sh Y/Y -13.5%
Sales Q/Q -40.7%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.