Ionis Pharmaceuticals

Ionis Pharmaceuticals

Biotechnology
Ionis Pharmaceuticals is the leading developer of antisense technology to discover and develop novel drugs. Its broad clinical and preclinical pipeline targets a wide variety of diseases, with an emphasis on cardiovascular, metabolic, neurological, and rare diseases. Ionis and Biogen brought Spinraza to market in 2016 as a treatment for spinal muscular atrophy, and Biogen launched ALS drug Qalsody in 2023. Ionis brought two additional drugs to market via its cardiovascular-focused subsidiary Akcea, including ATTR amyloidosis drug Tegsedi (2018) and cardiology drug Waylivra (Europe, 2019). Ionis and AstraZeneca launched polyneuropathy drug Wainua in 2024. Ionis received FDA approval in 2024 for Tryngolza for a rare high-triglyceride syndrome, marking its first independent launch.

$8.5B

Market Cap • 9/14/2026

1989

(37 years)

Founded

1991

(35 years ago)

IPO

NASDAQ

Listing Exchange

Flag of United States

United States

Country

Valuation

P/B

19,4

P/S

9,8

P/EBITDA

P/OCF

P/FCF

P/E

BVPS

2,7

EPS

Market Cap

Market Cap

8,5B

EV

8,1B

EV/Revenue

9,3

EV/EBITDA

-14,3

EV/EBIT

-13,6

Payout

Dividend Per Share

0

Dividend Yield

0%

Buyback Yield

-3,1%

Total Yield

-3,1%

Payout

0%

Retained Earnings

-2,8B

Profitability

Gross Margin

98,2%

EBITDA Margin

EBIT Margin

Net Margin

D&A/EBITDA

0%

R&D/Revenue

105,8%

Capex/Revenue

7,4%

Capex/D&A

239,2%

Capex/OCF

-13%

SBC/OCF

% PPE

12,9%

% Goodwill

0%

ROE

ROIC

Growth

CAGR Revenue 5Y

4,9%

CAGR Op. Income 5Y

21,5%

CAGR Net Income 5Y

0,1%

CAGR EPS 5Y

-2,5%

CAGR OCF 5Y

75,7%

Leverage

N.D./EBITDA

0,8

Debt/Equity

0%

Current Ratio

7,9

Quick Ratio

6,7

Interest Coverage

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