Exelixis Inc
NASDAQ: EXEL · HEALTHCARE · BIOTECHNOLOGY
Updated 2026-06-15
Exelixis Inc (EXEL) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $98.67M | $-101.49M | 99.17% | -128.46% | -102.86% |
| 2007 | $113.47M | $-86.38M | 99.82% | -138.40% | -76.13% |
| 2008 | $117.86M | $-162.85M | 100.00% | -152.14% | -138.18% |
| 2009 | $151.76M | $-135.22M | 100.00% | -80.33% | -89.10% |
| 2010 | $185.04M | $-92.33M | 100.00% | -49.39% | -49.90% |
| 2011 | $289.64M | $75.70M | 100.00% | 30.91% | 26.14% |
| 2012 | $47.45M | $-147.65M | 100.00% | -258.03% | -311.16% |
| 2013 | $31.34M | $-244.76M | 96.43% | -640.54% | -781.03% |
| 2014 | $25.11M | $-268.54M | 91.86% | -893.86% | -1,069.42% |
| 2015 | $37.17M | $-169.74M | 89.52% | -326.65% | -456.63% |
| 2016 | $191.45M | $-70.22M | 96.58% | -14.69% | -36.68% |
| 2017 | $452.48M | $154.23M | 96.67% | 36.67% | 34.09% |
| 2018 | $853.83M | $690.07M | 96.91% | 51.40% | 80.82% |
| 2019 | $967.77M | $321.01M | 96.58% | 38.18% | 33.17% |
| 2020 | $987.54M | $111.78M | 96.33% | 11.14% | 11.32% |
| 2021 | $1.43B | $231.06M | 96.32% | 19.98% | 16.10% |
| 2022 | $1.61B | $182.28M | 96.41% | 12.51% | 11.31% |
| 2023 | $1.83B | $207.76M | 96.04% | 9.34% | 11.35% |
| 2024 | $2.17B | $521.27M | 96.49% | 27.88% | 24.04% |
| 2025 | $2.32B | $782.57M | 96.39% | 37.59% | 33.73% |
Frequently asked questions
What is Exelixis Inc's revenue?
Exelixis Inc's trailing twelve-month revenue is $2.38B, and consensus projects about $4.18B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is EXEL?
In its most recent fiscal year, EXEL ran a gross margin of 96.39%, an operating margin of 37.59%, and a net margin of 33.73%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does EXEL generate?
EXEL produced $844.34M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is EXEL's balance sheet healthy?
EXEL holds $482.49M in cash and equivalents against — in long-term debt, on $2.16B of shareholder equity. That debt is best read against the cash flow the business throws off each year.