IONIS PHARMACEUTICALS INC
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 29, 2025
IONS$28.19-9.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $338,341 | $242,077 |
| Short-term investments | 1,901,830 | 2,055,579 |
| Contracts receivable | 24,608 | 92,188 |
| Inventories | 10,470 | 12,512 |
| Other current assets | 243,744 | 217,934 |
| Total current assets | 2,518,993 | 2,620,290 |
| Property, plant and equipment, net | 106,117 | 94,251 |
| Right-of-use assets | 241,993 | 161,856 |
| Deposits and other assets | 165,988 | 127,278 |
| Total assets | $3,033,091 | $3,003,675 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $14,326 | $42,964 |
| Accrued compensation | 57,019 | 69,614 |
| Accrued liabilities | 99,310 | 108,438 |
| Income taxes payable | 101 | 34 |
| 0 percent convertible senior notes, net | 630,911 | - |
| Current portion of deferred contract revenue | 76,986 | 78,989 |
| Other current liabilities | 24,803 | 9,279 |
| Total current liabilities | 903,456 | 309,318 |
| Long-term deferred contract revenue | 107,906 | 156,504 |
| 1.75 percent convertible senior notes, net | 567,123 | 565,026 |
| 0 percent convertible senior notes, net | - | 628,535 |
| Liability related to sale of future royalties, net | 545,182 | 542,212 |
| Long-term lease liabilities | 262,672 | 161,805 |
| Long-term obligations | 28,785 | 51,924 |
| Total liabilities | 2,415,124 | 2,415,324 |
| Stockholders’ equity: | ||
| Common stock, $0.001 par value; 300,000,000 shares authorized, 161,137,930 and 157,908,815 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 161 | 158 |
| Additional paid-in capital | 3,045,585 | 2,868,812 |
| Accumulated other comprehensive income | (25,978) | (30,811) |
| Accumulated deficit | (2,401,801) | (2,249,808) |
| Total stockholders' equity | 617,967 | 588,351 |
| Total liabilities and stockholders’ equity | $3,033,091 | $3,003,675 |
Index
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