STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
269
13F, latest reported quarter
Conversions, 180 days
26
Codes C/M, not in net · $14.4M priced
What the filings say about IONS
Insiders, 180 days
-$25.6M net sold
1 buyer · 12 sellers · 0% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$59.7K
1 notice
Ionis Pharmaceuticals insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, IONIS PHARMACEUTICALS INC insiders sold a net $25.6M of stock across 329 Form 4 purchases and sales, with 1 insider buying. Source: SEC Form 4 filings, as of 2026-10-29.
16 earlier Form 4 trades (code P or S) here by this insider (16 sales), the last on Apr 2, 2026.
The trade is 7.6% of the 17,811 shares held after it.
1 other insider sold within 30 days.
269 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, Chief Human Resources Ofc Devers Shannon L. sold about $59.1K of IONS on Oct 16, 2026; 1 other insider sold within 30 days and 269 funds added in the latest 13F quarter.
31 earlier Form 4 trades (code P or S) here by this insider (31 sales), the last on Jun 25, 2026.
The trade is 13.6% of the 390 shares held after it.
1 other insider sold within 30 days.
269 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP Research Swayze Eric sold about $2.3K of IONS on Oct 16, 2026; 1 other insider sold within 30 days and 269 funds added in the latest 13F quarter.
3 earlier Form 4 trades (code P or S) here by this insider (3 buys), the last on May 1, 2025.
+14.7% median (+14.7% mean) 90-day return after 2 previous buys.
The trade is 78.9% of the 19,000 shares held after it.
No other insider bought within 30 days.
269 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Hayden Michael R bought about $800.7K of IONS on Jul 30, 2026, the largest insider purchase at the company on our record; 269 funds added in the latest 13F quarter.
24 earlier Form 4 trades (code P or S) here by this insider (24 sales), the last on Mar 3, 2026.
The trade is 7.4% of the 75,018 shares held after it.
9 other insiders sold within 30 days.
269 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, Chief Scientific Officer BENNETT C FRANK sold about $462.7K of IONS on Jul 7, 2026; 9 other insiders sold within 30 days and 269 funds added in the latest 13F quarter.
329 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Nobody has filed for crossing 5%. That is a fact, not missing data.
IONS planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Devers Shannon L.
Filed 2026-10-16
$59.7K
BENNETT C FRANK
Filed 2026-07-07
$5.7M
Diaz Allene M.
Filed 2026-07-07
$863.6K
Kordasiewicz Holly B.
Filed 2026-07-07
$108.5K
KLEIN JOSEPH III
Filed 2026-07-01
$910.4K
IONS mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Horizon Kinetics Medical ETF
$864.6K position · as of 2026-06-30
4.5%
Tweedy, Browne International Value Fund
$138.2M position · as of 2026-06-30
3.2%
Artisan Small Cap Fund
$28.4M position · as of 2026-06-30
3.0%
Tweedy, Browne Value Fund
$13.5M position · as of 2026-06-30
2.8%
AlphaCentric Life Sciences and Healthcare Fund
$1.2M position · as of 2026-06-30
2.6%
Eventide Healthcare & Life Sciences Fund
$45.6M position · as of 2026-06-30
2.5%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Clinical pipeline
56 registered trials, 20 still running (ClinicalTrials.gov).
A status change is dated here weeks before the press release.
7
Phase 1
2 active
17
Phase 2
1 active
20
Phase 3
12 active
7
Not applicable
1 active
5
Multi-phase
4 active
What changed recently
REVEAL: A Phase 3 Study of Obudanersen (ION582) in Angelman Syndrome
2026-09-30 · Recruiting → Active Not Recruiting
Phase 3
Zilganersen Expanded Access Program for Individuals With Alexander Disease
2026-09-30 · Available → Approved For Marketing
,
CHAMPION: A Study to Evaluate the Efficacy and Safety of Obudanersen (ION582) in Childre
2026-09-29 · Not Yet Recruiting → Recruiting
Phase 3
PrProfile: A Study to Assess the Safety, Tolerability, Pharmacokinetics and Pharmacodyna
2026-09-16 · Completion moved 2027-02 → 2027-04
PHASE1,PHASE2
CARDIO-TTRansform Magnetic Resonance Imaging (MRI) Sub-study
2026-09-15 · Completion moved 2026-03 → 2026-03-13
,
CARDIO-TTRansform Magnetic Resonance Imaging (MRI) Sub-study
2026-09-15 · Active Not Recruiting → Completed
,
Matched by sponsor name. Trials run under a subsidiary's
own name are not included.
Executive pay vs shareholder return · Dr. Monia
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2023
$12.5M
$14.2M
$2.7M
-16%
+19%
2022
$7.3M
$9.6M
$2.8M
-37%
+14%
2021
$13.3M
-$2.6M
$3.8M
-50%
+26%
2020
$11.0M
$3.4M
$5.5M
-6%
+26%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $25.6M sold by insiders over 180 days, 269 funds added last quarter, $59.7K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$874.1M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM IONS
FY Dec 2025
$943.7M
FY Dec 2024
$705.1M
FY Dec 2023
$787.6M
FY Dec 2022
$587.4M
FY Dec 2021
$810.5M
Jun 2026
$267.9M
Mar 2026
$246.1M
Dec 2025
$203.3M
Sep 2025
$156.7M
Jun 2025
$452.0M
Mar 2025
$131.6M
Dec 2024
$226.6M
Sep 2024
$133.8M
At each fiscal year end
Single quarter
Net margin, TTM
-64.7%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM IONS
FY Dec 2025
-40.4%
FY Dec 2024
-64.4%
FY Dec 2023
-46.5%
FY Dec 2022
-45.9%
FY Dec 2021
-3.5%
Jun 2026
-42.8%
Mar 2026
-37.6%
Dec 2025
-112.8%
Sep 2025
-82.1%
Jun 2025
+27.3%
Mar 2025
-111.6%
Dec 2024
-46.1%
Sep 2024
-105.0%
At each fiscal year end
Single quarter
Free cash flow, TTM
-$560.8M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM IONS
FY Dec 2025
-$320.0M
FY Dec 2024
-$546.2M
FY Dec 2023
-$331.3M
FY Dec 2022
-$290.1M
FY Dec 2021
$18.8M
Jun 2026
$549.5M
Mar 2026
-$814.6M
Dec 2025
-$159.0M
Sep 2025
-$136.7M
Jun 2025
$139.0M
Mar 2025
-$163.4M
Dec 2024
-$141.6M
Sep 2024
-$124.0M
At each fiscal year end
Single quarter
Debt to equity
4.00x
long-term 2025-12-31 (6 months older than the period end) plus current 2025-12-31 (6 months older than the period end); equity 2026-06-30
Debt to equity IONS
FY Dec 2025
3.60x
FY Dec 2024
2.04x
FY Dec 2023
3.21x
FY Dec 2022
2.05x
FY Dec 2021
0.70x
Jun 2026
4.00x
Mar 2026
3.58x
Dec 2025
3.60x
Sep 2025
1.95x
Jun 2025
1.90x
Mar 2025
2.53x
Dec 2024
2.04x
Sep 2024
1.87x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
-0.28x
TTM operating cash flow over long-term 2025-12-31 (6 months older than the period end) plus current 2025-12-31 (6 months older than the period end)
Cash flow to debt IONS
FY Dec 2025
-0.15x
FY Dec 2024
-0.42x
FY Dec 2023
-0.25x
FY Dec 2022
-0.23x
FY Dec 2021
0.06x
Jun 2026
-0.28x
Mar 2026
-0.52x
Dec 2025
-0.15x
Sep 2025
-0.21x
Jun 2025
-0.19x
Mar 2025
-0.42x
Dec 2024
-0.42x
Sep 2024
-0.28x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-105.5%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity IONS
FY Dec 2025
-70.8%
FY Dec 2024
-93.1%
FY Dec 2023
-76.3%
FY Dec 2022
-40.1%
FY Dec 2021
-3.8%
Jun 2026
-105.5%
Mar 2026
-67.6%
Dec 2025
-70.8%
Sep 2025
-40.0%
Jun 2025
-59.9%
Mar 2025
-118.6%
Dec 2024
-93.1%
Sep 2024
-73.4%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-18.9%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets IONS
FY Dec 2025
-11.7%
FY Dec 2024
-15.1%
FY Dec 2023
-13.3%
FY Dec 2022
-10.5%
FY Dec 2021
-1.1%
Jun 2026
-18.9%
Mar 2026
-10.4%
Dec 2025
-11.7%
Sep 2025
-8.4%
Jun 2025
-9.5%
Mar 2025
-16.4%
Dec 2024
-15.1%
Sep 2024
-11.9%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital IONS
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-24.9%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed IONS
FY Dec 2025
-14.0%
FY Dec 2024
-18.1%
FY Dec 2023
-14.8%
FY Dec 2022
-17.9%
FY Dec 2021
-1.5%
Jun 2026
-24.9%
Mar 2026
-13.3%
Dec 2025
-14.0%
Sep 2025
-11.3%
Jun 2025
-11.9%
Mar 2025
-18.9%
Dec 2024
-18.1%
Sep 2024
-14.0%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing IONS
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$8.7B
market value at close 2026-10-27 on 2026-07-23 shares, plus long-term 2025-12-31 (6 months older than the period end) plus current 2025-12-31 (6 months older than the period end), minus cash 2026-06-30
Enterprise value IONS
FY Dec 2025
$14.2B
FY Dec 2024
$6.5B
FY Dec 2023
$8.1B
FY Dec 2022
$6.3B
FY Dec 2021
$4.0B
Jun 2026
$14.5B
Mar 2026
$14.0B
Dec 2025
$14.2B
Sep 2025
$11.3B
Jun 2025
$7.2B
Mar 2025
$5.7B
Dec 2024
$6.5B
Sep 2024
$6.8B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-7.7%
TTM free cash flow over market value at close 2026-10-27
FCF yield IONS
FY Dec 2025
-2.5%
FY Dec 2024
-9.9%
FY Dec 2023
-4.6%
FY Dec 2022
-5.4%
FY Dec 2021
+0.4%
Jun 2026
-4.3%
Mar 2026
-7.8%
Dec 2025
-2.5%
Sep 2025
-2.9%
Jun 2025
-4.6%
Mar 2025
-11.6%
Dec 2024
-9.9%
Sep 2024
-6.3%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing IONS
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
IONS ranks highest on institutional and government (81st percentile) and growth (71st), and lowest on insider conviction (32nd), among Pharma & Biotech peers.
Profitability
56
Inputs
Return on equity-105.5% · 31 pct, sector of 545
Return on assets-18.9% · 67 pct, sector of 691
Return on invested capitalpre-tax loss, no effective tax rate to apply
Return on capital employed-24.9% · 70 pct, sector of 576
Financial health
34
Inputs
Debt to equity4.00x · 5 pct, sector of 352
Cash flow to debt-0.28x · 63 pct, sector of 371
Growth
71
Inputs
Revenue growth, YoY+33.8% · 71 pct, sector of 505
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
32
Inputs
Net Form 4 buying (codes P and S), 180d-$25.6M · 8 pct, sector of 429
Insider buyers, 180d1 · 56 pct, sector of 438
Institutional and government
81
Inputs
Funds adding, latest quarter269 · 94 pct, sector of 698
Congress net buyers, 365dno Congress trades in 365 days
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quarters$760K · 68 pct, sector of 133
Risk and compliance
33
Inputs
Short interest, % of float+12.5% · 32 pct, sector of 816
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-K+13.8% · 34 pct, sector of 511
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
IONS filings, in plain words
Are Ionis Pharmaceuticals insiders buying or selling IONS?
In the 180 days to 2026-10-29, Ionis Pharmaceuticals insiders were net sellers, a net $25.6M: $1.1M of purchases and $26.6M of sales reported on Form 4, by 1 buyer and 12 sellers.
Are there planned insider sales of IONS?
Yes. 1 Form 144 notice of planned insider sales was filed in the 90 days to 2026-10-29, covering $59.7K of stock; the latest, by Devers Shannon L., was filed 2026-10-16.
Read the full summary
In the 180 days to 2026-10-29, Ionis Pharmaceuticals insiders were net sellers of IONS, a net $25.6M across purchases and sales reported on Form 4 by 1 buyer and 12 sellers. Sales outweighed purchases more than tenfold by value. None of the 23 insider sales was flagged as made under a Rule 10b5-1 plan. Insiders filed 1 Form 144 notice of intent to sell in the 90 days to 2026-10-29, covering $59.7K of stock. Each figure is counted from SEC and House filings as of 2026-10-29, dated the day the filing was made public.
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