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
DateValue
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