How Exelixis makes money

Period

FY2025

How does Exelixis make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Exelixis Inc. · FY2025 · year ended 2026-01-02

Revenue$2.3BGross profit$2.2B · 96%Cost of revenue$84M · 4%Operating income$872M · 38%Operating expenses$1.4B · 59%R&D$825M · 36%SG&A$519M · 22%Other opex$21M · 1%Pre-tax income$941M · 41%Other income$69M · 3%Net income$783M · 34%Income tax$159M · 7%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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