Exelixis ( (EXEL) ) has released its Q2 earnings. Here is a breakdown of the information Exelixis presented to its investors.
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Exelixis, Inc. is a biotechnology company focused on developing and commercializing innovative therapies for cancer treatment, with a strong emphasis on drug discovery and development in the oncology sector.
In its second quarter of 2025 financial report, Exelixis announced total revenues of $568.3 million, driven largely by the Cabozantinib franchise, and highlighted significant progress in its clinical and pipeline development programs.
The company reported U.S. net product revenues of $520.0 million from its Cabozantinib franchise, with a notable increase in sales volume compared to the previous year. However, collaboration revenues saw a decrease due to a significant milestone recognized in 2024. Exelixis also announced positive results from the STELLAR-303 pivotal study in colorectal cancer and provided updates on its zanzalintinib development program, including the initiation of new pivotal trials.
Despite a decrease in GAAP net income compared to the previous year, Exelixis maintained its financial guidance for 2025, projecting total revenues between $2.25 billion and $2.35 billion. The company continues to focus on expanding its product portfolio and advancing its early-stage pipeline programs.
Looking ahead, Exelixis remains committed to its mission of providing transformational cancer treatments and plans to continue its strategic initiatives to achieve further growth and success in the oncology market.