IONS Stock - Ionis Pharmaceuticals, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $705.14M | $787.65M | $587.37M | $810.46M | $729.26M |
| Gross Profit | $693.92M | $778.51M | $573.25M | $799.61M | $717.32M |
| Gross Margin | 98.4% | 98.8% | 97.6% | 98.7% | 98.4% |
| Operating Income | $-475,081,000 | $-353,730,000 | $-410,191,000 | $-30,186,000 | $-172,082,000 |
| Net Income | $-453,897,000 | $-366,286,000 | $-269,722,000 | $-28,597,000 | $-444,263,000 |
| Net Margin | -64.4% | -46.5% | -45.9% | -3.5% | -60.9% |
| EPS | $-3.04 | $-2.56 | $-1.90 | $-0.20 | $-3.18 |
Ionis Pharmaceuticals, Inc. discovers and develops RNA-targeted therapeutics in the United States. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; TEGSEDI, an injection for the treatment of polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults; and WAYLIVRA, a treatment for familial chylomicronemia syndrome and familial partial lipodystrophy. It also develops medicines for various indications that are in phase 3 study, including Eplontersen as a monthly self-administered subcutaneous injection to treat all types of TTR amyloidosis; Olezarsen for patients with severe hypertriglyceridemia (SHTG); Donidalorsen for patients with hereditary angioedema; ION363 for patients with amyotrophic lateral sclerosis; Pelacarsen for patients with established cardiovascular disease and elevated lipoprotein(a); and Tofersen to inhibit the production of superoxide dismutase 1. In addition, the company develops medicines for metabolic diseases, infectious diseases, renal diseases, ophthalmic diseases, and cancer. It has a strategic collaboration with Biogen Inc.; and collaboration and license agreement with AstraZeneca, Bayer AG, GlaxoSmithKline plc, Novartis AG, Roche, Janssen Biotech, Inc., and Flamingo Therapeutics, Inc. Ionis Pharmaceuticals, Inc. was founded in 1989 and is based in Carlsbad, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 8th 2025 | JP Morgan | Upgrade | Overweight | $80 |
| September 26th 2025 | Goldman | Upgrade | Neutral | $65 |
| September 3rd 2025 | BMO Capital Markets | Upgrade | Outperform | $70 |
| July 31st 2025 | Morgan Stanley | Upgrade | Overweight | $62 |
| July 1st 2025 | Barclays | Upgrade | Overweight | $57 |
| April 7th 2025 | H.C. Wainwright | Initiation | Buy | $45 |
| March 31st 2025 | Redburn Atlantic | Initiation | Neutral | $39 |
| August 2nd 2024 | BMO Capital Markets | Downgrade | Market Perform | $60← $67 |
| July 24th 2024 | Leerink Partners | Upgrade | Outperform | $62← $53 |
| July 16th 2024 | Jefferies | Resumed | Buy | $75← $29 |
| June 14th 2024 | Bernstein | Upgrade | Market Perform | $44 |
| April 10th 2024 | Wolfe Research | Upgrade | Outperform | $58 |
| January 2nd 2024 | BofA Securities | Upgrade | Buy | $62← $52 |
| October 23rd 2023 | BofA Securities | Upgrade | Neutral | $52← $33 |
| September 29th 2023 | Raymond James | Initiation | Strong Buy | $63 |
Earnings History & Surprises
IONSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 18, 2026 | $-1.27 | — | — | — |
Q4 2025 | Oct 29, 2025 | — | $-0.80 | — | — |
Q4 2025 | Oct 29, 2025 | $-1.15 | $-0.61 | +47.0% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | — | $0.68 | — | — |
Q2 2025 | Apr 30, 2025 | $-1.11 | $-0.75 | +32.4% | ✓ BEAT |
Q1 2025 | Feb 19, 2025 | $-1.09 | $-0.66 | +39.4% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $-1.16 | $-0.95 | +18.1% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $-0.92 | $-0.45 | +51.1% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $-0.83 | $-0.06 | +92.8% | ✓ BEAT |
Q1 2024 | Jan 10, 2024 | $-0.83 | $-0.06 | +92.8% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $-1.04 | $-1.03 | +1.0% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $-0.90 | $-0.60 | +33.3% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $-0.91 | $-0.87 | +4.4% | ✓ BEAT |
Q1 2023 | Feb 22, 2023 | $-1.06 | $-0.37 | +65.1% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $-0.74 | $-0.33 | +55.4% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $-0.62 | $-0.74 | -19.4% | ✗ MISS |
Q2 2022 | May 4, 2022 | $-0.71 | $-0.46 | +35.2% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $0.28 | $1.41 | +403.6% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $-0.53 | $-0.58 | -9.4% | ✗ MISS |
Latest News
RBC Capital Maintains Outperform on Ionis Pharmaceuticals, Raises Price Target to $95
📈 PositiveLeerink Partners Maintains Outperform on Ionis Pharmaceuticals, Raises Price Target to $100
📈 PositiveB of A Securities Maintains Buy on Ionis Pharmaceuticals, Raises Price Target to $97
📈 PositiveThe FDA Has Granted Breakthrough Therapy Designation To Ionis Pharmaceuticals' Zilganersen For Alexander Disease, On Track To Submit New Drug Application In Q1 2026
📈 PositiveIonis Received FDA Breakthrough Therapy Designation For Olezarsen For Severe Hypertriglyceridemia
📈 PositiveIonis Pharma And Otsuka Pharma Announce CHMP Of European Medicines Agency Adopts Positive Opinion Of DAWNZERA For Routine Prevention Of Recurrent Attacks Of HAE In Adults
📈 PositiveIonis Prices $700M 0.00% Convertible Senior Notes Due 2030 To Repurchase And Repay 2026 Notes Using Up To $751.2M Expected Net Proceeds
➖ NeutralCORRECTION: Ionis Pharmaceuticals Announces Proposed $700M Aggregate Amount Convertible Note Offering To Refinance 2026 Convertible Notes
➖ NeutralHC Wainwright & Co. Maintains Buy on Ionis Pharmaceuticals, Raises Price Target to $110
📈 PositiveIonis Pharmaceuticals Study Results Of Olezarsen For Severe Hypertriglyceridemia Show Up To 72% Placebo-adjusted Mean Reduction In Fasting Triglyceride Levels At Six Months, With Reductions Sustained Through 12 Months
📈 PositiveIonis Pharmaceuticals Releases Long-Term Data For Dawnzera Showing Durable Efficacy And Safety
📈 PositivePiper Sandler Maintains Overweight on Ionis Pharmaceuticals, Raises Price Target to $77
📈 PositiveTD Cowen Maintains Buy on Ionis Pharmaceuticals, Raises Price Target to $99
📈 PositiveMorgan Stanley Maintains Overweight on Ionis Pharmaceuticals, Raises Price Target to $94
📈 PositiveBarclays Maintains Overweight on Ionis Pharmaceuticals, Raises Price Target to $95
📈 PositiveHC Wainwright & Co. Maintains Buy on Ionis Pharmaceuticals, Raises Price Target to $100
📈 PositiveRBC Capital Maintains Outperform on Ionis Pharmaceuticals, Raises Price Target to $82
📈 PositiveRaymond James Reiterates Strong Buy on Ionis Pharmaceuticals, Raises Price Target to $89
📈 PositiveNeedham Maintains Buy on Ionis Pharmaceuticals, Raises Price Target to $90
📈 PositiveIonis Pharmaceuticals Raises FY2025 Sales Guidance from $825.000M-$850.000M to $875.000M-$900.000M vs $857.588M Est
📈 PositiveFrequently Asked Questions about IONS
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