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Ionis Pharmaceuticals, Inc. (IONS) is a healthcare company in the biotechnology industry with $870.00M in trailing revenue — analyst consensus: buy.
Ionis Pharmaceuticals, Inc., a commercial-stage biotechnology company, provides RNA-targeted medicines in the United States. The company offers TRYNGOLZA reduces triglyceride levels in adults with familial chylomicronemia syndrome (FCS) and acute pancreatitis; DAWNZERA for prophylaxis to prevent attacks of hereditary angioedema in adults; WAINUA for the treatment of the polyneuropathy of hereditary transthyretin-medicated amyloidosis (ATTRv-PN) in adults; and SPINRAZA for pediatric and adult patients with spinal muscular atrophy (SMA). It also provides QALSODY for the treatment of Amyotrophic Lateral Sclerosis (ALS); TEGSEDI for the treatment of ATTRv-PN in adults; and WAYLIVRA for treatment for FCS and familial partial lipodystrophy. It also develops products under Phase 3 clinical trials, such as Olezarsen for patients with hypertriglyceridemia (SHTG) and cardiovascular disease (CVD); and Zilganerse, a potential treatment for people with genetically confirmed Alexander disease, as well as ION582 which is in Phase 3 clinical trial for the potential treatment of AS, a rare genetic neurological disease. In addition, the company develops Eplontersen to degrade mutant and wild-type TTR mRNA through binding to the TTR mRNA; Pelacarsen to inhibit the production of apolipoprotein(a) in the liver to offer a direct approach for reducing lipoprotein(a); Bepirovirsen to inhibit the production of viral proteins associated with hepatitis B virus; Sefaxersen to reduce the production of complement factor B and lower activation of the alternative complement pathway; and Ulefnersen to reduce the production of the fused in sarcoma, as well as other mid-stage pipeline investigational medicines. It has a strategic collaboration with Biogen for the treatment of neurological disorders; and collaboration and license agreement with GSK, AstraZeneca, Novartis, and Roche, as well as with Metagenomi. The company was incorporated in 1989 and is headquartered in Carlsbad, California.
Key Statistics
Market Cap
$7.40B
Revenue (TTM)
$870.00M
EPS (TTM)
$-3.48
EPS (Fwd est.)
$-1.11
Employees
1,480
Forward P/E
-40.01
PEG Ratio
27.33
Price / Sales
8.46
Price / Book
16.76
EV / EBITDA
-12.91
Beta (5Y)
0.42
Analyst Consensus
Consensus
Buy
Analyst Price Target
+87.9% upside
Target: $83.64
Annual Revenue & Net Income
RevenueNet Income
'22
$590.00M
$-270.00M
'23
$790.00M
$-370.00M
'24
$710.00M
$-450.00M
'25
$940.00M
$-380.00M
Earnings History
Quarter
Actual EPS
Estimate
Result
Jul 2026
$-0.42
$-0.88
Beat (+51.7%)
Apr 2026
$-0.30
$-0.77
Beat (+60.9%)
Feb 2026
$-1.15
$-1.22
Beat (+5.6%)
Oct 2025
$-0.61
$-1.05
Beat (+41.8%)
Next Earnings Report
Ionis Pharmaceuticals, Inc. is next expected to report earnings on 04 Nov 2026.
Profitability
-6.9%
-38.2%
-64.7%
Gross MarginOperating MarginNet Margin
Revenue Growth (YoY)
-40.7%
Return on Equity
-105.5%
Return on Assets
-12.4%
Balance Sheet
Cash & Equivalents
$2.10B
Total Debt
$2.19B
Net Position
$90.00M (net debt)
Free Cash Flow (TTM)
$-350.00M
Debt / Equity
497.80
Share Ownership
Institutions 110.5%
Insiders 0.6%
Institutional figure exceeds 100% due to short selling
Ionis Pharmaceuticals, Inc., a commercial-stage biotechnology company, provides RNA-targeted medicines in the United States. The company offers TRYNGOLZA reduces triglyceride levels in adults with familial chylomicronemia syndrome (FCS) and acute pancreatitis; DAWNZERA for prophylaxis to prevent attacks of hereditary angioedema in adults; WAINUA for the treatment of the polyneuropathy of hereditar…
What is IONS's market cap?
Ionis Pharmaceuticals, Inc. has a market capitalization of approximately $7.40B.
How much revenue does IONS generate?
Ionis Pharmaceuticals, Inc. generated $870.00M in trailing 12-month revenue.
What do analysts say about IONS?
The analyst consensus rating for Ionis Pharmaceuticals, Inc. is buy, with a mean price target of $83.64. That implies +87.9% upside from the current price.
When does IONS report earnings?
Ionis Pharmaceuticals, Inc. is next scheduled to report earnings on 04 Nov 2026.
Does IONS pay a dividend?
Ionis Pharmaceuticals, Inc. does not currently pay a regular dividend.
View live charts, options flow, gamma exposure, earnings history, and technical analysis for Ionis Pharmaceuticals, Inc. on Apsis Markets.