Also trades as: 0JDI.L (LSE) · $vol 0M
IONS NASDAQ
Ionis Pharmaceuticals, Inc.
1W: -3.2%
1M: -3.5%
3M: -18.6%
YTD: -44.8%
1Y: -38.0%
3Y: -4.8%
5Y: +40.5%
$43.96
+0.54 (+1.24%)
Weekly Expected Move ±5.4%
$38
$41
$43
$45
$48
Credit Risk of going bust: higher than 52% of companies Debt: 24.9% of company value Bonds: $115.2M held by 65 funds → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.24 (down 97%), Ionis Pharmaceuticals, Inc. would be worth roughly what it owes.
Total debt $2.42B against a stock market value of $7.31B.
Distance to default 4.96 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.20B (short-term plus half of long-term), stock volatility 44.8%; Altman Z'' 1.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.24 (down 97%), Ionis Pharmaceuticals, Inc. would be worth roughly what it owes.
Total debt $2.42B against a stock market value of $7.31B.
Distance to default 4.96 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.20B (short-term plus half of long-term), stock volatility 44.8%; Altman Z'' 1.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$3.5B
+17.3% ▲
5Y CAGR: +8.1%
Total Liabilities
$3.0B
+25.6% ▲
5Y CAGR: +13.0%
Shareholders Equity
$489M
-16.9% ▼
5Y CAGR: -8.0%
Cash & Investments
$2.7B
+16.5% ▲
5Y CAGR: +7.2%
Total Debt
$2.6B
+84.6% ▲
5Y CAGR: +23.5%
Net Debt
$2.2B
+90.9% ▲
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $869M | $276M | $399M | $242M | $372M |
| Short-Term Investments | $1.3B | $1.7B | $1.9B | $2.1B | $2.3B |
| Cash & ST Investments | $2.1B | $2.0B | $2.3B | $2.3B | $2.7B |
| Net Receivables | $62M | $26M | $98M | $92M | $66M |
| Inventory | $25M | $22M | $7M | $13M | $10M |
| Other Current Assets | $125M | $158M | $205M | $218M | $247M |
| Total Current Assets | $2.3B | $2.2B | $2.6B | $2.6B | $3.0B |
| Property, Plant & Equip. | $196M | $256M | $243M | $256M | $362M |
| Goodwill & Intangibles | $29M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $32M | $40M | $43M | $41M | $52M |
| Other Non-Current Assets | $9M | $35M | $62M | $86M | $119M |
| Total Non-Current Assets | $267M | $331M | $348M | $383M | $533M |
| Total Assets | $2.6B | $2.5B | $3.0B | $3.0B | $3.5B |
| — Liabilities — | |||||
| Accounts Payable | $12M | $18M | $26M | $43M | $28M |
| Short-Term Debt | $4M | $8M | $53M | $9M | $453M |
| Deferred Revenue | $98M | $91M | $151M | $79M | $74M |
| Other Current Liabilities | $39M | $49M | $68M | $70M | $108M |
| Total Current Liabilities | $241M | $312M | $448M | $309M | $782M |
| Long-Term Debt | $1.2B | $1.2B | $1.2B | $1.2B | $1.9B |
| Other Non-Current Liab. | $352M | $0 | $514M | $542M | $0 |
| Total Non-Current Liabilities | $1.6B | $1.6B | $2.2B | $2.1B | $2.3B |
| Total Liabilities | $1.8B | $2.0B | $2.6B | $2.4B | $3.0B |
| — Equity — | |||||
| Common Stock | $141K | $142K | $144K | $158K | $163K |
| Retained Earnings | -$1.2B | -$1.4B | -$1.8B | -$2.2B | -$2.6B |
| Accumulated OCI | -$33M | -$57M | -$33M | -$31M | -$25M |
| Total Stockholders Equity | $772M | $573M | $387M | $588M | $489M |
| Total Liabilities & Equity | $2.6B | $2.5B | $3.0B | $3.0B | $3.5B |
| — Key Metrics — | |||||
| Total Debt | $1.3B | $1.4B | $1.5B | $1.4B | $2.6B |
| Net Debt | $382M | $1.1B | $1.1B | $1.2B | $2.2B |
| Total Investments | $1.3B | $1.8B | $2.0B | $2.1B | $2.4B |