EXELIXIS, INC.
For the period ended Jan 2, 2026. Filed Feb 10, 2026.
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FY2026 · Filed Feb 10, 2026
EXEL$70.58-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Net product revenues | $2,122,804 | $1,809,395 | $1,628,879 |
| Collaboration revenues | 197,322 | 359,306 | 201,329 |
| Total revenues | 2,320,126 | 2,168,701 | 1,830,208 |
| Operating expenses: | |||
| Cost of goods sold | 83,697 | 76,216 | 72,547 |
| Research and development | 825,001 | 910,408 | 1,044,071 |
| Selling, general and administrative | 518,727 | 492,128 | 542,705 |
| Impairment of long-lived assets | — | 51,672 | — |
| Restructuring | 20,510 | 33,660 | — |
| Total operating expenses | 1,447,935 | 1,564,084 | 1,659,323 |
| Income from operations | 872,191 | 604,617 | 170,885 |
| Interest income | 69,213 | 77,156 | 86,543 |
| Other income (expenses), net | (198) | (133) | 93 |
| Income before income taxes | 941,206 | 681,640 | 257,521 |
| Provision for income taxes | 158,636 | 160,373 | 49,756 |
| Net income | $782,570 | $521,267 | $207,765 |
| Net income per share: | |||
| Basic | $2.88 | $1.80 | $0.65 |
| Diluted | $2.78 | $1.76 | $0.65 |
| Weighted-average common shares outstanding: | |||
| Basic | 271,567 | 290,030 | 318,151 |
| Diluted | 281,863 | 296,132 | 321,464 |
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