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NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · LARGE CAP

Exelixis, Inc. EXEL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.3B
▲ 7.0% YoY
$782.6M
▲ 50.1% YoY
$875.8M
▲ 30.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Exelixis, Inc. has produced four marketed pharmaceutical products, two of which are formulations of its molecule cabozantinib. Cabozantinib has been approved by the FDA and in 68 other countries as CABOMETYX (cabozantinib) tablets for advanced renal cell carcinoma, previously treated hepatocellular carcinoma, previously treated differentiated thyroid cancer, and previously treated pancreatic and extra-pancreatic neuroendocrine tumors, and as COMETRIQ (cabozantinib) capsules for progressive, metastatic medullary thyroid cancer. Its commercial products, CABOMETYX and COMETRIQ, are sold initially through wholesale distribution and specialty pharmacy channels and then, where applicable, resold to hospitals and other organizations that provide them to patients. Sales related to cabozantinib account for the majority of its revenues. As of December 31, 2025, it had 1,077 employees, a 6.10% decrease in its employee workforce compared with December 31, 2024. It was incorporated in Delaware in November 1994 as Exelixis Pharmaceuticals, Inc. and changed its name to Exelixis, Inc. in February 2000.

Written from the business description in EXELIXIS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.3B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.3 · Net income 0.8
1.0B2.0B-0.1B-0.2B
2009201220152018202120242025
Compound annual growth
+12.9%
+18.6%
+51.2%
+18.4%
+62.5%
+47.6%
+70.6%
+51.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.6% a year over the five years to FY2025 — but profit grew faster: net income at +47.6%, earnings per share at +51.4%.

The share count fell from 0.31B to 0.26B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

34 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 37.6% · Net 33.7%
-500%-1000%
200920172025
ROE
FY2025 · ROE 35.5%
50%-50%-100%-150%
200920172025
Three returns, three denominators.

Each USD of equity produced 36 cents of profit this year.

Cash & shareholders

USD 947.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 875.8
400M800M-100M-200M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 947.5
400M800M
20212022202320242025

USD 947.5M in buybacks — 121% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.8B
EquityUSD 2.2B
CashUSD 482.5M
Current ratio3.56×

Equity funds 76% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
EXEL, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.32.21.81.61.41.01.00.90.50.20.00.00.00.00.30.20.2
Operating income $B0.90.60.20.20.30.10.40.40.2−0.0−0.1−0.2−0.2−0.10.1−0.1−0.1
EBITDA $B0.90.60.20.20.30.10.40.40.2−0.0−0.1−0.2−0.2−0.10.1−0.1−0.1
Income tax $B0.20.20.00.10.10.00.1−0.20.00.00.0−0.0−0.00.00.0−0.0−0.0
Net income $B0.80.50.20.20.20.10.30.70.2−0.1−0.2−0.3−0.2−0.10.1−0.1−0.1
Free cash flow $B0.90.70.30.30.30.20.50.40.10.2−0.1−0.2−0.2−0.1−0.2−0.1−0.0
EPS, diluted $2.781.760.650.560.720.351.022.210.49−0.28−0.77−1.34−1.29−0.910.58−0.85−1.26
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %35.523.18.77.811.36.321.687.882.4———−188.6−88.4———
Shares out B0.260.280.300.320.320.310.300.300.300.290.230.200.180.180.140.11◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Four checks were skipped: cost of revenue is not tagged before 2011. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsJanuary 1
Data on record since2008

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