Exelixis, Inc. logo

Exelixis, Inc.

EXEL

NASDAQHealthcareBiotechnology

Previous close

$54.08

+$0.39 · +0.73%

Aug 21, 4:00 PM ET

EXEL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

100

Deep Value

Momentum

72

Gaining

Sentiment

65

Bullish

Risk resilience

80

Low Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Exelixis, Inc. operates as a biotechnology firm dedicated to combating cancer, primarily focusing on the identification, advancement, and marketing of novel oncological treatments within the United States. Its portfolio of commercially available therapeutics includes CABOMETYX tablets, prescribed for individuals with advanced renal cell carcinoma who have previously undergone anti-angiogenic treatment, and COMETRIQ capsules, utilized for managing progressive and metastatic medullary thyroid cancer. Both CABOMETYX and COMETRIQ originate from cabozantinib, a compound that inhibits several tyrosine kinases such as MET, AXL, RET, and VEGF receptors. Additionally, Exelixis offers COTELLIC, an MEK inhibitor employed in combination therapies for advanced melanoma, and MINNEBRO, an orally administered, non-steroidal selective mineralocorticoid receptor blocker, approved for hypertension treatment in Japan. The company's developmental pipeline features several promising candidates, such as XL092, an oral tyrosine kinase inhibitor designed to target VEGF receptors, MET, AXL, MER, and other kinases crucial for cancer proliferation; XB002, an antibody-drug conjugate containing a human monoclonal antibody against tissue factor (TF), intended for advanced solid tumors and non-Hodgkin's lymphoma; and XL102, an orally available cyclin-dependent kinase 7 (CDK7) inhibitor being developed for advanced or metastatic solid tumors. Exelixis, Inc. maintains extensive research partnerships and licensing arrangements with numerous pharmaceutical and biotechnology entities, including 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. Established in 1994, the company originally operated as Exelixis Pharmaceuticals, Inc. before rebranding to Exelixis, Inc. in February 2000. Its corporate headquarters are located in Alameda, California.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Michael Morrissey
Listed since
Apr 17, 2000
Employees
1,077

Market position

Day range

Current $54.08

52-week range

Current $54.08

Open
$53.74
Previous close
$53.69
Volume
1.95M
0.73× average
Average volume
2.67M
Average daily volume
Market cap
13.59B USD
Beta
0.42
Market reference 1
50-day average
$54.2374
-0.29% below average
200-day average
$46.8972
+15.32% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.53B USD
P/E (TTM)
16.44×
P/B (TTM)
7.36×
P/S (TTM)
5.58×
EV / EBITDA
12.5×
Earnings yield
6.61%
Free cash flow yield
7.13%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
96.48%
Operating margin
39.88%
Net margin
35.33%
Return on equity
36.21%
Return on assets
27.51%
Return on invested capital
29.74%

Financial health

Debt / equity
0.09×
Current ratio
3.56×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends105%70%35%1%Gross margin, FY2021: 96.32%Gross margin, FY2022: 96.41%Gross margin, FY2023: 96.04%Gross margin, FY2024: 96.49%Gross margin, FY2025: 96.39%Operating margin, FY2021: 19.98%Operating margin, FY2022: 12.51%Operating margin, FY2023: 9.34%Operating margin, FY2024: 27.88%Operating margin, FY2025: 37.59%Net margin, FY2021: 16.10%Net margin, FY2022: 11.31%Net margin, FY2023: 11.35%Net margin, FY2024: 24.04%Net margin, FY2025: 33.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 96.32%. Gross margin FY2022 96.41%. Gross margin FY2023 96.04%. Gross margin FY2024 96.49%. Gross margin FY2025 96.39%. Operating margin FY2021 19.98%. Operating margin FY2022 12.51%. Operating margin FY2023 9.34%. Operating margin FY2024 27.88%. Operating margin FY2025 37.59%. Net margin FY2021 16.10%. Net margin FY2022 11.31%. Net margin FY2023 11.35%. Net margin FY2024 24.04%. Net margin FY2025 33.73%.

Income trends

Revenue

2.32B USD+6.98%

Operating income

872.19M USD+44.26%

Net income

782.57M USD+50.13%
Income trends across reported periods2.54B USD1.68B USD815.66M USD−44.04M USDRevenue, FY2021: 1.43B USDRevenue, FY2022: 1.61B USDRevenue, FY2023: 1.83B USDRevenue, FY2024: 2.17B USDRevenue, FY2025: 2.32B USDOperating income, FY2021: 286.67M USDOperating income, FY2022: 201.48M USDOperating income, FY2023: 170.89M USDOperating income, FY2024: 604.62M USDOperating income, FY2025: 872.19M USDNet income, FY2021: 231.06M USDNet income, FY2022: 182.28M USDNet income, FY2023: 207.77M USDNet income, FY2024: 521.27M USDNet income, FY2025: 782.57M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.43B USD. Revenue FY2022 1.61B USD. Revenue FY2023 1.83B USD. Revenue FY2024 2.17B USD. Revenue FY2025 2.32B USD. Operating income FY2021 286.67M USD. Operating income FY2022 201.48M USD. Operating income FY2023 170.89M USD. Operating income FY2024 604.62M USD. Operating income FY2025 872.19M USD. Net income FY2021 231.06M USD. Net income FY2022 182.28M USD. Net income FY2023 207.77M USD. Net income FY2024 521.27M USD. Net income FY2025 782.57M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.32B USD2.17B USD1.83B USD1.61B USD1.43B USD
Cost of goods sold83.7M USD76.22M USD72.55M USD57.91M USD52.87M USD
Gross profit2.24B USD2.09B USD1.76B USD1.55B USD1.38B USD
Research and development825M USD910.41M USD1.04B USD891.81M USD693.72M USD
Selling, general, and administrative518.73M USD492.13M USD542.71M USD459.86M USD401.72M USD
Operating expenses1.36B USD1.49B USD1.59B USD1.35B USD1.1B USD
Interest income69.21M USD77.16M USD86.54M USD33.07M USD7.67M USD
Depreciation and amortization29.06M USD28.8M USD25.72M USD20.88M USD13.63M USD
Operating income872.19M USD604.62M USD170.89M USD201.48M USD286.67M USD
Net income782.57M USD521.27M USD207.77M USD182.28M USD231.06M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+28.45%
11 comparable reports
Latest EPS result
0.91
Estimate 0.85 · Beat by 6.68%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.990.760.540.31Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.55, estimate 0.51, surprise +7.84%, Beat. Q2 2025, reported May 13, 2025: actual 0.62, estimate 0.358, surprise +73.14%, Beat. Q3 2025, reported Jul 28, 2025: actual 0.75, estimate 0.65, surprise +15.38%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.78, estimate 0.685, surprise +13.87%, Beat. Q1 2026, reported Feb 10, 2026: actual 0.94, estimate 0.77, surprise +22.08%, Beat. Q2 2026, reported May 5, 2026: actual 0.87, estimate 0.765, surprise +13.73%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.91, estimate 0.853, surprise +6.68%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.89, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates676.3M608.73M541.16M473.59MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 566.76M USD, estimate 563.21M USD, surprise +0.63%, Beat. Q2 2025, reported May 13, 2025: actual 555.45M USD, estimate 499.6M USD, surprise +11.18%, Beat. Q3 2025, reported Jul 28, 2025: actual 568.26M USD, estimate 594.93M USD, surprise -4.48%, Miss. Q4 2025, reported Nov 4, 2025: actual 597.76M USD, estimate 590.16M USD, surprise +1.29%, Beat. Q1 2026, reported Feb 10, 2026: actual 598.66M USD, estimate 596.52M USD, surprise +0.36%, Beat. Q2 2026, reported May 5, 2026: actual 610.81M USD, estimate 607.51M USD, surprise +0.54%, Beat. Q3 2026, reported Aug 5, 2026: actual 628.69M USD, estimate 636.4M USD, surprise -1.21%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 650.29M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$51.78

4.25% downside
Past 12 months12-month forecastHigh $56.00Average $51.78Low $46.00

EXEL news

EXEL peers

ETFs holding EXEL

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research EXEL

research.disclaimer