Financial Statements — IONS
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.35 | 0.17 | 0.34 | 0.30 | 0.26 | 0.33 | 0.29 | 0.35 | 0.35 | 0.42 | 0.31 | 0.31 | 0.52 | 0.54 | 0.63 | 0.57 | 0.41 |
| Short-term Investments | 1.70 | 1.75 | 1.90 | 1.99 | 1.88 | 2.15 | 1.78 | 1.86 | 1.88 | 1.96 | 2.04 | 1.67 | 1.50 | -- | -- | -- | -- |
| Inventory | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Current Assets | 2.49 | 2.94 | 2.52 | 2.58 | 2.42 | 2.71 | 2.33 | 2.42 | 2.58 | 2.62 | 2.54 | 2.15 | 2.19 | 2.25 | 2.16 | 2.24 | 1.99 |
| Property, Plant & Equipment | 0.16 | 0.14 | 0.11 | 0.11 | 0.10 | 0.08 | 0.08 | 0.07 | 0.07 | 0.09 | 0.09 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Non-current Assets* | 0.50 | 0.51 | 0.51 | 0.41 | 0.39 | 0.37 | 0.36 | 0.35 | 0.35 | 0.35 | 0.34 | 0.27 | 0.26 | 0.27 | 0.26 | 0.26 | 0.26 |
| Total Assets | 2.99 | 3.45 | 3.03 | 2.99 | 2.81 | 3.08 | 2.69 | 2.76 | 2.93 | 2.97 | 2.89 | 2.42 | 2.46 | 2.52 | 2.41 | 2.50 | 2.25 |
| Accounts Payable | 0.05 | 0.03 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.32 | 0.72 | 0.90 | 0.90 | 0.25 | 0.30 | 0.31 | 0.33 | 0.40 | 0.29 | 0.26 | 0.28 | 0.27 | 0.23 | 0.28 | 0.29 | 0.30 |
| Total Non-current Liabilities* | 2.24 | 2.24 | 1.51 | 1.46 | 2.09 | 2.11 | 2.12 | 2.14 | 2.21 | 2.25 | 2.14 | 1.54 | 1.56 | 1.58 | 1.60 | 1.62 | 1.27 |
| Total Liabilities | 2.55 | 2.96 | 2.42 | 2.35 | 2.34 | 2.42 | 2.43 | 2.47 | 2.62 | 2.54 | 2.40 | 1.83 | 1.83 | 1.81 | 1.88 | 1.91 | 1.57 |
| Retained Earnings | (2.84) | (2.72) | (2.40) | (2.27) | (2.40) | (2.15) | (2.00) | (1.94) | (1.79) | (1.64) | (1.55) | (1.38) | (1.33) | (1.23) | (1.38) | (1.30) | (1.22) |
| Total Stockholder Equity | 0.44 | 0.49 | 0.62 | 0.63 | 0.48 | 0.66 | 0.26 | 0.30 | 0.32 | 0.43 | 0.49 | 0.59 | 0.62 | 0.71 | 0.53 | 0.58 | 0.68 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 267.95 | 246.09 | 203.33 | 156.72 | 452.05 | 131.61 | 226.58 | 133.81 | 225.25 | 119.50 | 324.51 | 144.21 | 188.41 | 130.52 | 151.89 | 159.77 | 133.79 | 141.92 | 440.01 | 133.09 |
| Cost of Revenue | 2.74 | 2.98 | 7.96 | 2.34 | 4.15 | 1.46 | 3.83 | 1.07 | 4.16 | 2.15 | 3.06 | 2.19 | 2.54 | 1.34 | 3.69 | 1.52 | 4.75 | 4.17 | 2.23 | 3.08 |
| Gross Profit | 265.21 | 243.11 | 195.37 | 154.38 | 447.90 | 130.15 | 222.75 | 132.74 | 221.09 | 117.35 | 321.44 | 142.02 | 185.87 | 129.18 | 148.20 | 158.25 | 129.05 | 137.75 | 437.78 | 130.01 |
| Selling, General & Admin | 150.40 | 150.36 | 130.19 | 96.81 | 90.62 | 76.25 | 88.08 | 61.64 | 65.11 | 52.64 | 71.01 | 69.95 | 46.14 | 45.52 | 47.95 | 34.42 | 33.80 | 34.13 | 37.60 | 31.09 |
| Total Operating Expenses | 367.50 | 360.53 | 409.83 | 314.56 | 308.08 | 277.01 | 333.57 | 281.40 | 287.18 | 266.86 | 327.57 | 285.28 | 276.07 | 243.33 | 356.22 | 217.41 | 214.56 | 195.25 | 217.18 | 215.86 |
| Operating Income | (102.29) | (117.42) | (214.46) | (160.18) | 139.82 | (146.86) | (110.82) | (148.66) | (66.09) | (149.51) | (6.12) | (143.26) | (90.19) | (114.15) | (208.02) | (59.15) | (85.51) | (57.50) | 220.60 | (85.85) |
| Interest Expense | 4.62 | 5.16 | 4.83 | 4.21 | 4.11 | 4.11 | 4.19 | 4.16 | 4.49 | 4.15 | 4.56 | 4.20 | 2.29 | 1.61 | 1.73 | 2.14 | 2.13 | 2.12 | 2.24 | 2.34 |
| Pretax Income | (113.38) | (92.31) | (227.92) | (128.39) | 123.53 | (146.82) | (107.04) | (144.10) | (66.20) | (142.73) | (2.77) | (140.81) | (77.45) | (112.94) | (44.33) | (46.71) | (102.87) | (64.07) | 224.92 | (83.77) |
| Tax Provision | 1.26 | 0.22 | 1.48 | 0.21 | (0.02) | 0.12 | (2.69) | (3.62) | 0.06 | 0.08 | 6.50 | 6.60 | 7.84 | 11.38 | 8.10 | 0.28 | 2.26 | 1.09 | 0.30 | (1.31) |
| Net Income | (114.65) | (92.53) | (229.39) | (128.61) | 123.55 | (146.94) | (104.35) | (140.48) | (66.26) | (142.80) | (9.26) | (147.41) | (85.29) | (124.32) | (52.43) | (46.99) | (105.13) | (65.17) | 224.61 | (82.47) |
| Basic EPS | (0.69) | (0.56) | (1.43) | (0.80) | 0.78 | (0.93) | (0.66) | (0.95) | (0.45) | (0.98) | (0.06) | (1.03) | (0.60) | (0.87) | (0.37) | (0.33) | (0.74) | (0.46) | 1.59 | (0.58) |
| Diluted EPS | (0.69) | (0.56) | (1.35) | (0.80) | 0.70 | (0.93) | (0.66) | (0.95) | (0.45) | (0.98) | (0.06) | (1.03) | (0.60) | (0.87) | (0.37) | (0.33) | (0.74) | (0.46) | 1.59 | (0.58) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 565.53 | (792.82) | (137.71) | (131.44) | 151.34 | (150.77) | (116.14) | (114.99) | (119.88) | (149.94) | 32.87 | (109.02) | (97.36) | (133.99) | (200.19) | (24.43) | (18.10) | (31.65) | 203.69 | (55.57) |
| Capital Expenditures | 16.08 | 21.76 | 21.29 | 5.27 | 12.31 | 12.58 | 25.50 | 9.06 | 6.23 | 4.49 | (0.82) | 2.14 | 12.01 | 10.47 | 4.14 | 5.54 | 3.34 | 2.71 | 2.50 | 3.32 |
| Free Cash Flow* | 549.45 | (814.58) | (159.00) | (136.71) | 139.03 | (163.35) | (141.64) | (124.05) | (126.11) | (154.43) | 33.68 | (111.16) | (109.37) | (144.46) | (204.33) | (29.97) | (21.43) | (34.35) | 201.19 | (58.90) |
| Investing Cash Flow | 23.50 | 536.82 | (419.50) | 91.34 | (120.07) | 170.46 | 68.21 | (340.79) | 62.45 | 76.11 | (26.71) | 68.71 | 69.52 | (325.64) | 212.15 | (183.93) | (3.30) | (287.55) | 95.11 | 121.97 |
| Financing Cash Flow | (412.29) | 57.26 | 591.18 | 81.22 | 1.25 | 2.20 | (44.12) | 496.05 | 2.56 | 23.57 | 40.72 | (32.27) | 143.54 | 492.09 | (51.02) | 1.83 | 1.22 | (7.32) | (62.49) | 1.46 |
* Derived from reported values
