Ionis Pharmaceuticals, Inc.

IONS Healthcare Biotechnology

Ionis Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $943.7 million, up 33.8% from fiscal 2024.

Revenue
−40.7%
EPS
−188.5%
Free cash flow
+299.3%
Total debt
+116.0%

Quarter to June 2026, against a year earlier

39.48 0.68 +1.75%
Market cap
$6.5B
P/E
0.0×
Fwd P/E
−12.2×
Dividend yield
—
F-score
4/9
Altman Z
2.12
Beneish M
−3.13
Dividend safety
n/a

Ionis Pharmaceuticals, Inc. (IONS) Current ratio

Alert me on Current ratio

Ionis Pharmaceuticals, Inc.'s current ratio at the end of the quarter to 30 June 2026 was 7.9×, up 4.1× from fiscal 2025 (3.8×). Over the past ten years it has ranged from 3.6× (fiscal 2020) to 10.0× (fiscal 2019); the current reading is higher than 18% of that period. That is above the Biotechnology industry median of 4.9× and above the Healthcare sector median of 3.1×.

Current ratio, annual

Embed this chart

Annual newest first

Period Current ratio Change
FY2025 3.8× (54.83%)
FY2024 8.5× 43.68%
FY2023 5.9× (16.61%)
FY2022 7.1× (27.48%)
FY2021 9.7× 174.02%
FY2020 3.6× (64.30%)
FY2019 10.0× 26.51%
FY2018 7.9× 64.19%
FY2017 4.8× (19.56%)
FY2016 6.0× 6.09%

Quarterly newest first

Period Current ratio Change
Jun 2026 7.9× 92.58%
Mar 2026 4.1× 7.11%
Dec 2025 3.8× 37.24%
Sep 2025 2.8× (2.93%)
42 more quarters

Against its own ten years

Low 3.6× High 10.0×
Ten-year median 6.0×
Current reading's percentile 18

Current ratio against peers

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

More on IONS