EXEL financial statements

The full income statement, balance sheet, and cash-flow statement for Exelixis Inc. (EXEL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 285.3M2024-09 285.6M2025-01 279.9M2025-04 272.7M2025-07 269.2M2025-10 268.1M2026-01 259.7M2026-04 251.4M2026-07 247.8M-13.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofJan 2 ’26	as ofJan 3 ’25	as ofDec 29 ’23	as ofDec 30 ’22	as ofDec 31 ’21
Revenue	2.32B YoY+7.0%	2.17B YoY+18.5%	1.83B YoY+13.6%	1.61B YoY+12.3%	1.43B YoY+45.3%
Cost of revenue	83.7M YoY+9.8%	76.2M YoY+5.1%	72.5M YoY+25.3%	57.9M YoY+9.5%	52.9M YoY+45.8%
Research & development	825M YoY-9.4%	910M YoY-12.8%	1.04B YoY+17.1%	892M YoY+28.6%	694M YoY+26.6%
Selling, general & administrative	519M YoY+5.4%	492M YoY-9.3%	543M YoY+18.0%	460M YoY+14.5%	402M YoY+36.9%
Restructuring	20.5M YoY-39.1%	33.7M	0.00	0.00	—
Operating income	872M YoY+44.3%	605M YoY+253.8%	171M YoY-15.2%	201M YoY-29.7%	287M YoY+160.5%
Other non-operating income	-198K YoY-48.9%	-133K YoY-243.0%	93.0K YoY+147.2%	-197K YoY-7.1%	-184K YoY-120.2%
Income tax	159M YoY-1.1%	160M YoY+222.3%	49.8M YoY-4.4%	52.1M YoY-17.5%	63.1M YoY+231.1%
Net income	783M YoY+50.1%	521M YoY+150.9%	208M YoY+14.0%	182M YoY-21.1%	231M YoY+106.7%
	$2.78 YoY+58.0%	$1.76 YoY+170.8%	$0.65 YoY+16.1%	$0.56 YoY-22.2%	$0.72 YoY+105.7%
EPS (basic)	$2.88 YoY+60.0%	$1.80 YoY+176.9%	$0.65 YoY+14.0%	$0.57 YoY-21.9%	$0.73 YoY+102.8%
	272M YoY-6.4%	290M YoY-8.8%	318M YoY-1.0%	322M YoY+2.1%	315M YoY+2.1%
	282M YoY-4.8%	296M YoY-7.9%	321M YoY-1.0%	325M YoY+0.7%	322M YoY+1.4%
Balance Sheet	as ofJan 2 ’26	as ofJan 3 ’25	as ofDec 29 ’23	as ofDec 30 ’22	as ofDec 31 ’21
	1.44B YoY-1.7%	1.47B YoY+11.4%	1.32B YoY-18.6%	1.62B YoY-11.8%	1.83B YoY+26.9%
Cash & equivalents	482M YoY+122.0%	217M YoY-17.3%	263M YoY-47.5%	501M YoY-22.6%	647M YoY+102.7%
Short-term investments	577M YoY-35.5%	894M YoY+22.1%	732M YoY-9.3%	807M YoY-1.5%	820M YoY-7.6%
Accounts receivable	287M YoY+8.1%	265M YoY+11.8%	237M YoY+10.5%	215M YoY-24.0%	283M YoY+75.7%
Inventory	21.7M YoY-3.1%	22.4M YoY+29.2%	17.3M YoY-48.0%	33.3M YoY+21.1%	27.5M YoY+31.1%
Prepaid expenses	75.6M YoY+10.4%	68.5M YoY+0.8%	67.9M YoY+9.2%	62.2M YoY+8.1%	57.5M YoY+0.9%
	2.84B YoY-3.5%	2.95B YoY+0.2%	2.94B YoY-4.2%	3.07B YoY+17.4%	2.62B YoY+22.4%
Property, plant & equipment	99.0M YoY-17.1%	119M YoY-7.3%	129M YoY+16.4%	111M YoY+6.3%	104M YoY+54.4%
Operating lease right-of-use	159M YoY-7.8%	173M YoY-26.0%	233M YoY-0.7%	235M YoY+420.4%	45.1M YoY+4.9%
Goodwill	63.7M YoY+0.0%	63.7M YoY+0.0%	63.7M YoY+0.0%	63.7M YoY+0.0%	63.7M YoY+0.0%
Long-term investments	604M YoY-5.3%	637M YoY-12.5%	729M YoY-3.7%	757M YoY+103.9%	371M YoY+12.2%
Deferred tax assets	293M YoY-30.3%	420M YoY+16.3%	361M YoY+56.3%	231M YoY+107.0%	112M YoY-28.7%
Other non-current assets	—	—	—	—	131M YoY+78.5%
	406M YoY+0.5%	404M YoY+2.4%	394M YoY+21.6%	324M YoY-3.9%	338M YoY+65.0%
Accounts payable	29.6M YoY-22.4%	38.2M YoY+13.1%	33.8M YoY+3.4%	32.7M YoY+34.7%	24.3M YoY+2.6%
Deferred revenue	1.11M YoY-59.3%	2.74M YoY-49.3%	5.41M YoY-27.8%	7.49M YoY-4.2%	7.81M YoY+336.5%
Current lease liability	27.9M YoY+11.5%	25.0M YoY-2.7%	25.7M YoY+45.6%	17.7M YoY+243.8%	5.14M YoY+69.8%
Other current liabilities	125M YoY+32.0%	95.0M YoY-12.4%	108M YoY+37.4%	78.9M YoY+47.9%	53.4M YoY+20.1%
	683M YoY-2.9%	703M YoY+3.7%	678M YoY+16.4%	583M YoY+43.7%	406M YoY+57.1%
Deferred revenue (non-current)	6.11M YoY+80.2%	3.39M YoY-38.6%	5.52M YoY-16.1%	6.58M YoY-24.7%	8.74M YoY+132.7%
Non-current lease liability	173M YoY-9.3%	191M YoY+0.5%	190M YoY-0.1%	190M YoY+270.9%	51.3M YoY+4.5%
Operating lease liability (total)	201M YoY-6.9%	216M YoY+0.1%	216M YoY+3.8%	208M YoY+268.4%	56.4M YoY+8.2%
Other non-current liabilities	104M YoY-4.1%	109M YoY+15.6%	94.2M YoY+37.5%	68.5M YoY+754.2%	8.02M YoY+1012.8%
	2.16B YoY-3.7%	2.24B YoY-0.9%	2.26B YoY-9.0%	2.49B YoY+12.6%	2.21B YoY+17.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	262K YoY-7.1%	282K YoY-6.9%	303K YoY-6.5%	324K YoY+1.6%	319K YoY+2.2%
Additional paid-in capital	2.23B YoY-4.7%	2.34B YoY-4.0%	2.44B YoY-3.8%	2.54B YoY+4.5%	2.43B YoY+4.6%
Retained earnings	-76.8M YoY+22.1%	-98.6M YoY+43.1%	-173M YoY-406.5%	-34.2M YoY+84.2%	-217M YoY+51.6%
Accumulated other comprehensive income	3.48M YoY+358.1%	-1.35M YoY+64.1%	-3.75M YoY+74.2%	-14.5M YoY-1815.7%	-758K YoY-116.9%
Total liabilities & equity	2.84B YoY-3.5%	2.95B YoY+0.2%	2.94B YoY-4.2%	3.07B YoY+17.4%	2.62B YoY+22.4%
	262M YoY-6.8%	282M YoY-7.0%	303M YoY-6.5%	324M YoY+1.6%	319M YoY+2.3%
	262M YoY-6.8%	282M YoY-7.0%	303M YoY-6.5%	324M YoY+1.6%	319M YoY+2.3%
	260M YoY-7.2%	280M YoY-7.7%	303M YoY-6.4%	324M YoY+1.5%	319M YoY+2.4%
Cash Flow	as ofJan 2 ’26	as ofJan 3 ’25	as ofDec 29 ’23	as ofDec 30 ’22	as ofDec 31 ’21
	884M YoY+26.3%	700M YoY+110.0%	333M YoY-8.1%	363M YoY-9.5%	401M YoY+91.8%
Depreciation & amortization	29.1M YoY+0.9%	28.8M YoY+12.0%	25.7M YoY+23.2%	20.9M YoY+53.2%	13.6M YoY+49.1%
Share-based compensation	113M YoY+20.4%	93.8M YoY-11.8%	106M YoY-1.1%	108M YoY-10.2%	120M YoY+14.0%
Deferred income taxes	126M YoY+312.3%	-59.5M YoY+55.4%	-133M YoY-120.7%	-60.4M YoY-229.7%	46.5M YoY+204.8%
Change in receivables	21.4M YoY-23.4%	27.9M YoY+23.5%	22.6M YoY+133.8%	-66.8M YoY-154.6%	122M YoY+188.0%
Change in inventory	-12.2M YoY-124.2%	-5.45M YoY-142.0%	13.0M YoY+11.1%	11.7M YoY-11.6%	13.2M YoY-39.7%
Change in payables	-50.2M YoY-129.2%	-21.9M YoY-143.7%	50.1M YoY+114.5%	23.4M YoY-57.6%	55.1M YoY+9.1%
	350M YoY+400.1%	-117M YoY-333.3%	-27.0M YoY+94.9%	-524M YoY-1122.9%	-42.9M YoY+67.3%
Capital expenditure	8.43M YoY-70.4%	28.4M YoY-29.7%	40.5M YoY+46.1%	27.7M YoY-48.9%	54.2M YoY+78.7%
Free cash flow	876M YoY+30.4%	672M YoY+129.3%	293M YoY-12.6%	335M YoY-3.4%	347M YoY+94.0%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Purchases of investments	—	—	902M YoY-37.8%	1.45B YoY+6.9%	1.36B YoY+26.8%
Sales/maturities of investments	—	—	1.04B YoY-2.5%	1.06B YoY-22.8%	1.38B YoY+42.2%
	-970M YoY-54.2%	-629M YoY-15.2%	-546M YoY-93282.9%	586K YoY+104.0%	-14.8M YoY+41.1%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	948M YoY+45.3%	652M YoY+18.5%	550M	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	—	—	—	—	0.00
Net change in cash	265M YoY+681.1%	-45.6M YoY+81.0%	-240M YoY-48.7%	-161M YoY-147.0%	343M YoY+551.9%
Income taxes paid	155M YoY-8.9%	170M YoY-8.2%	186M YoY+45.2%	128M YoY+886.7%	13.0M YoY+214.9%
Valuation Ratios	as ofJan 2 ’26	as ofJan 3 ’25	as ofDec 29 ’23	as ofDec 30 ’22	as ofDec 31 ’21
Market cap	11.3B YoY+19.0%	9.51B YoY+30.7%	7.27B YoY+39.9%	5.20B YoY-11.0%	5.84B YoY-6.2%
P/E	14.5× YoY-20.7%	18.2× YoY-47.9%	35.0× YoY+22.8%	28.5× YoY+12.8%	25.3× YoY-38.3%
P/S	4.9× YoY+11.3%	4.4× YoY+10.3%	4.0× YoY+23.2%	3.2× YoY-20.7%	4.1× YoY-37.4%
P/B	5.2× YoY+23.6%	4.2× YoY+31.9%	3.2× YoY+53.8%	2.1× YoY-20.9%	2.6× YoY-21.4%
P/FCF	12.9× YoY-8.7%	14.2× YoY-43.0%	24.8× YoY+60.0%	15.5× YoY-7.9%	16.8× YoY-16.0%
	6.9% YoY+26.1%	5.5% YoY+91.9%	2.9% YoY-18.5%	3.5% YoY-11.4%	4.0% YoY+61.9%
	7.7% YoY+9.6%	7.1% YoY+75.4%	4.0% YoY-37.5%	6.4% YoY+8.6%	5.9% YoY+19.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: EXEL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EXEL filings on SEC EDGAR → Not investment advice.