Filing Flows › Exelixis (EXEL) › How it makes money
How Exelixis (EXEL) makes money
Exelixis (EXEL) made $660M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Net product revenues brought in $605M (92%); Collaboration brought in $53.8M (8%); COMETRIQ brought in $1.8M (0%). Of every dollar of revenue, 41¢ was left as operating profit, 33¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net product revenues | $605M | 91.6% | +6% | +11% |
| Collaboration | $53.8M | 8.1% | -3% | -2% |
| COMETRIQ | $1.8M | 0.3% | -26% | -42% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $660M | 100.0% |
| Operating profit | $268M | 40.6% |
| Income tax | $64.7M | 9.8% |
| Net earnings | $218M | 33.0% |
| Operating cash flow | $280M | 42.4% |
| Free cash flow | $277M | 42.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $659M | +10% |
| Q2 2026 | $629M | +11% |
| Q1 2026 | $611M | +10% |
| Q4 2025 | $599M | +6% |
| Q3 2025 | $598M | +11% |
| Q2 2025 | $568M | -11% |
| Q1 2025 | $555M | +31% |
From Exelixis' 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Exelixis make money?
Exelixis (EXEL) made $660M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Net product revenues brought in $605M (92%); Collaboration brought in $53.8M (8%); COMETRIQ brought in $1.8M (0%). Of every dollar of revenue, 41¢ was left as operating profit, 33¢ was left as net earnings.
What is Exelixis' biggest business?
Net product revenues: $605M in the third quarter 2026, 92% of revenue, +11% from a year earlier.
What is Exelixis' profit margin?
Net earnings were $218M, 33.0% of revenue, in the third quarter 2026; the operating margin was 40.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.