IONS
Ionis Pharmaceuticals, Inc.78.37
-1.39-1.74%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
12.69BP/E (TTM)
-Basic EPS (TTM)
-1.61Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Ionis Pharmaceuticals posted solid Q3 revenue of $156.7M, up 17% year-over-year and 12% quarter-over-quarter (derived), fueled by $31.8M in TRYNGOLZA product sales and $75.7M in royalties, including $13.3M from WAINUA, while collaborative R&D revenue dipped to $41.1M amid the Ono sapablursen license fully recognized earlier. Gross margin held steady at 98.5%, but operating loss widened to $160.2M from $148.7M y/y due to ramped SG&A for launches, with net loss narrowing to $128.6M or $(0.80) diluted EPS on 159.8M shares—better than $(0.95) last year, reconciling without dilution. Cash and equivalents climbed to $338.3M, with $1.9B in short-term investments, supporting $2.2B liquidity against $1.2B in convertible notes (1.75% due 2028, 0% due 2026) and no revolver. The Ono deal closed in Q2 2025 for $280M upfront (per Note 5), recognizing no goodwill as it's a license. Patent disputes with Arrowhead over plozasiran add competitive pressure.
8-K
Ionis boosts Q3 revenue, pipeline shines
Ionis Pharmaceuticals reported Q3 2025 revenue of $157 million, up 17% year-over-year, fueled by $32 million in TRYNGOLZA net sales—nearly 70% higher than Q2—and steady royalties from SPINRAZA and WAINUA. Olezarsen slashed triglycerides by 72% and pancreatitis events by 85% in Phase 3 sHTG trials, paving way for year-end sNDA; zilganersen stabilized gait by 33% in Alexander disease, targeting Q1 2026 NDA. Launches ramp up. Guidance rises to $875-900 million revenue, yet cash burn persists amid pipeline bets.
8-K
Olezarsen slashes triglycerides 72%
Ionis Pharmaceuticals announced positive topline results from the Phase 3 CORE and CORE2 studies on September 2, 2025, showing olezarsen cut fasting triglycerides by up to 72% and slashed acute pancreatitis events by 85% in severe hypertriglyceridemia patients on standard care. The trials, involving nearly 1,100 participants, confirmed favorable safety with over 90% opting into extensions. Olezarsen delivers breakthrough pancreatitis reduction. Ionis plans sNDA submission by year-end, though regulatory approval remains uncertain amid development risks.
8-K
FDA approves Ionis' HAE drug
Ionis Pharmaceuticals scored FDA approval for DAWNZERA (donidalorsen) on August 21, 2025, as the first RNA-targeted prophylactic for hereditary angioedema in patients 12 and older. The drug slashed monthly attack rates by 81% versus placebo in the Phase 3 OASIS-HAE trial, with sustained 94% reductions after a year in extension studies. Self-administered every four or eight weeks, it beat prior treatments in switches, cutting attacks 62% while 84% of patients preferred it for better control and less hassle. Yet hypersensitivity risks linger.
8-K
Ionis Q2 revenue surges
Ionis Pharmaceuticals reported Q2 2025 revenue of $452 million, more than doubling from $225 million last year, fueled by $19 million in TRYNGOLZA net sales and a $280 million sapablursen license payment. TRYNGOLZA's launch gained traction while donidalorsen eyes HAE approval on August 21, 2025, and olezarsen Phase 3 data looms in September. Revenue doubled year-over-year. Ionis raised full-year revenue guidance to $825-850 million, signaling robust pipeline momentum amid controlled expenses.
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