Ionis Pharmaceuticals (IONS) Free Cash Flow (2009 - 2026)
Ionis Pharmaceuticals (IONS) recorded quarterly Free Cash Flow of -$814.6 million in Q1 2026, down 412.31% quarter-over-quarter from -$159.0 million in Q4 2025, and down 398.67% on a YoY basis from $272.7 million in Q1 2025.
Ionis Pharmaceuticals (IONS) Free Cash Flow (2009 - 2026) Analysis & Trends
Ionis Pharmaceuticals' Free Cash Flow history runs 18 years deep, the most recent figure standing at -$814.6 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 398.67% year-over-year to -$814.6 million; the TTM figure through Mar 2026 stood at -$971.3 million (down 74.95% YoY), while the FY2025 annual figure was -$320.0 million, up 41.41% from the prior year.
- Free Cash Flow was -$814.6 million for Q1 2026 at Ionis Pharmaceuticals, down from -$159.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $139.0 million in Q2 2025 to a low of -$814.6 million in Q1 2026.
- Historically, Free Cash Flow has averaged -$134.0 million across 5 years, with a median of -$126.1 million in 2024.
- The sharpest annual moves came in 2023 and 2025: Free Cash Flow plunged 410.36% in 2023, then soared 210.24% in 2025.
- A 5-year view of Free Cash Flow shows it stood at -$204.3 million in 2022, then soared by 128.05% to $57.3 million in 2023, then sank by 347.11% to -$141.6 million in 2024, then declined by 12.26% to -$159.0 million in 2025, then tumbled by 412.31% to -$814.6 million in 2026.
- The last three Free Cash Flow figures came in at -$814.6 million (Q1 2026), -$159.0 million (Q4 2025), and -$136.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | -1.67 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -12.20 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | -2.49 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.29 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | 63,220.27 |
| 10 | Ionis Pharmaceuticals | 12.23 Bn | 10.31 Bn | 243.11 Mn | -814.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -814.58 Mn |
| Mar 31, 2026 | -814.58 Mn |
| Dec 31, 2025 | -159.00 Mn |
| Dec 31, 2025 | -159.00 Mn |
| Sep 30, 2025 | -136.71 Mn |
| Sep 30, 2025 | -136.71 Mn |
| Jun 30, 2025 | 139.03 Mn |
| Jun 30, 2025 | 139.03 Mn |
| Mar 31, 2025 | -163.35 Mn |
| Mar 31, 2025 | -163.35 Mn |
| Dec 31, 2024 | -141.64 Mn |
| Dec 31, 2024 | -141.64 Mn |
| Sep 30, 2024 | -124.05 Mn |
| Sep 30, 2024 | -124.05 Mn |
| Jun 30, 2024 | -126.11 Mn |
| Jun 30, 2024 | -126.11 Mn |
| Mar 31, 2024 | -154.43 Mn |
| Mar 31, 2024 | -154.43 Mn |
| Dec 31, 2023 | 57.32 Mn |
| Dec 31, 2023 | 57.32 Mn |