NASDAQ : ILMN
Illumina, Inc. — Financial statements
Healthcare · Diagnostics & Research · United States
Last price 235.99 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 35.68B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Illumina, Inc. (ILMN) reported revenue of 4.54B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.54B | 4.34B | 4.37B | 4.50B | 4.58B | 4.53B |
| Cost of Revenue | 1.47B | 1.38B | 1.38B | 1.56B | 1.44B | 1.30B |
| Gross Profit | 3.07B | 2.96B | 2.99B | 2.94B | 3.15B | 3.23B |
| Selling, General & Admin | 1.25B | 1.16B | 1.39B | 1.62B | 1.61B | 1.74B |
| Research & Development | 888.00M | 865.00M | 1.07B | 1.21B | 1.21B | 914.00M |
| Amortization of Goodwill & Intangibles | 69.00M | 66.00M | 127.00M | 191.00M | 173.00M | 71.00M |
| Operating Expenses | 2.21B | 2.10B | 2.59B | 3.02B | 3.00B | 2.73B |
| Operating Income | 865.00M | 869.00M | 400.00M | -77.00M | 149.00M | 496.00M |
| Interest Expense | -97.00M | -101.00M | -100.00M | -77.00M | -26.00M | -61.00M |
| Interest & Investment Income | 41.00M | 40.00M | 46.00M | 58.00M | 11.00M | |
| Currency Exchange Gain (Loss) | -8.00M | |||||
| Other Non Operating Income (Expenses) | -10.00M | 12.00M | 13.00M | 1.00M | -13.00M | 9.00M |
| EBT Excluding Unusual Items | 799.00M | 820.00M | 351.00M | -95.00M | 121.00M | 444.00M |
| Merger & Restructuring Charges | -6.00M | -47.00M | -62.00M | -152.00M | -589.00M | |
| Impairment of Goodwill | -1.47B | -712.00M | -3.91B | |||
| Gain (Loss) on Sale of Investments | 164.00M | 328.00M | -312.00M | -40.00M | -122.00M | 917.00M |
| Asset Writedown | -23.00M | -423.00M | -115.00M | |||
| Legal Settlements | -10.00M | -10.00M | 456.00M | -20.00M | -619.00M | |
| Other Unusual Items | 111.00M | 18.00M | 277.00M | 17.00M | 198.00M | 112.00M |
| Pretax Income | 1.06B | 1.09B | -1.18B | -1.12B | -4.34B | 884.00M |
| Income Tax Expense | 163.00M | 236.00M | 44.00M | 44.00M | 68.00M | 122.00M |
| Earnings From Continuing Operations | 895.00M | 850.00M | -1.22B | -1.16B | -4.40B | 762.00M |
| Net Income | 895.00M | 850.00M | -1.22B | -1.16B | -4.40B | 762.00M |
| Net Income to Common | 895.00M | 850.00M | -1.22B | -1.16B | -4.40B | 762.00M |
| Shares Outstanding (Basic) | 152.00M | 155.00M | 159.00M | 158.00M | 157.00M | 150.00M |
| Shares Outstanding (Diluted) | 153.75M | 156.00M | 159.00M | 158.00M | 157.00M | 151.00M |
| EPS (Basic) | 5.89 | 5.48 | -7.69 | -7.35 | -28.05 | 5.08 |
| EPS (Diluted) | 5.83 | 5.45 | -7.69 | -7.35 | -28.05 | 5.04 |
| Free Cash Flow | 1.06B | 931.00M | 709.00M | 283.00M | 106.00M | 337.00M |
| Free Cash Flow Per Share | 6.88 | 5.97 | 4.46 | 1.79 | 0.68 | 2.23 |
| Gross Margin | 67.68% | 68.25% | 68.37% | 65.30% | 68.61% | 71.25% |
| Operating Margin | 19.06% | 20.01% | 9.15% | -1.71% | 3.25% | 10.96% |
| Profit Margin | 19.72% | 19.57% | -27.97% | -25.78% | -96.07% | 16.84% |
| Free Cash Flow Margin | 23.29% | 21.44% | 16.22% | 6.28% | 2.31% | 7.45% |
| EBITDA | 1.14B | 1.14B | 754.00M | 355.00M | 543.00M | 747.00M |
| EBITDA Margin | 25.16% | 26.23% | 17.25% | 7.88% | 11.85% | 16.50% |
| D&A For EBITDA | 277.00M | 270.00M | 354.00M | 432.00M | 394.00M | 251.00M |
| EBIT | 865.00M | 869.00M | 400.00M | -77.00M | 149.00M | 496.00M |
| EBIT Margin | 19.06% | 20.01% | 9.15% | -1.71% | 3.25% | 10.96% |
| Effective Tax Rate | 15.41% | 21.73% | 13.80% | |||
| Revenue as Reported | 4.54B | 4.34B | 4.37B | 4.50B | 4.58B | 4.53B |
| Advertising Expenses | 37.00M | 37.00M | 36.00M | 53.00M | 48.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.29B | 1.42B | 1.13B | 1.05B | 2.01B | 1.23B |
| Short-Term Investments | 48.00M | 215.00M | 93.00M | 6.00M | 26.00M | 107.00M |
| Cash & Short-Term Investments | 1.34B | 1.63B | 1.22B | 1.05B | 2.04B | 1.34B |
| Accounts Receivable | 758.00M | 875.00M | 751.00M | 752.00M | 688.00M | 664.00M |
| Other Receivables | 62.00M | |||||
| Receivables | 820.00M | 875.00M | 751.00M | 752.00M | 688.00M | 664.00M |
| Inventory | 667.00M | 564.00M | 547.00M | 587.00M | 568.00M | 431.00M |
| Prepaid Expenses | 154.00M | 217.00M | 228.00M | 216.00M | 268.00M | 279.00M |
| Total Current Assets | 3.04B | 3.29B | 2.75B | 2.61B | 3.56B | 2.71B |
| Property, Plant & Equipment | 1.09B | 1.13B | 1.23B | 1.55B | 1.74B | 1.70B |
| Long-Term Investments | 370.00M | 325.00M | 244.00M | 196.00M | 211.00M | 213.00M |
| Goodwill | 1.28B | 1.11B | 1.11B | 2.54B | 3.24B | 7.11B |
| Other Intangible Assets | 391.00M | 210.00M | 295.00M | 2.40B | 2.58B | 2.54B |
| Long-Term Deferred Tax Assets | 454.00M | 454.00M | 567.00M | 56.00M | ||
| Long-Term Deferred Charges | 590.00M | 705.00M | 705.00M | |||
| Other Long-Term Assets | 191.00M | 124.00M | 104.00M | 161.00M | 212.00M | 232.00M |
| Total Assets | 6.81B | 6.64B | 6.30B | 10.11B | 12.25B | 15.22B |
| Accounts Payable | 241.00M | 240.00M | 221.00M | 245.00M | 293.00M | 332.00M |
| Accrued Expenses | 437.00M | 374.00M | 369.00M | 348.00M | 287.00M | 325.00M |
| Current Portion of Long-Term Debt | 499.00M | 499.00M | 1.25B | |||
| Current Portion of Leases | 85.00M | 78.00M | 79.00M | 86.00M | 76.00M | 71.00M |
| Current Income Taxes Payable | 129.00M | 107.00M | 101.00M | 79.00M | 97.00M | 98.00M |
| Current Unearned Revenue | 250.00M | 270.00M | 260.00M | 252.00M | 245.00M | 234.00M |
| Other Current Liabilities | 14.00M | 17.00M | 18.00M | 560.00M | 527.00M | 33.00M |
| Total Current Liabilities | 1.16B | 1.58B | 1.55B | 1.57B | 2.77B | 1.09B |
| Long-Term Debt | 1.79B | 1.49B | 1.49B | 1.49B | 1.49B | 1.70B |
| Long-Term Leases | 439.00M | 486.00M | 554.00M | 687.00M | 744.00M | 774.00M |
| Long-Term Unearned Revenue | 69.00M | 76.00M | 67.00M | 77.00M | 63.00M | 63.00M |
| Other Long-Term Liabilities | 214.00M | 284.00M | 272.00M | 543.00M | 586.00M | 852.00M |
| Total Liabilities | 3.67B | 3.92B | 3.93B | 4.37B | 5.65B | 4.48B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 8.03B | 7.82B | 7.53B | 9.55B | 9.21B | 8.94B |
| Retained Earnings | 169.00M | -392.00M | -1.24B | -19.00M | 1.14B | 5.49B |
| Treasury Stock | -5.07B | -4.70B | -3.93B | -3.79B | -3.75B | -3.70B |
| Comprehensive Income & Other | 8.00M | -10.00M | 22.00M | -1.00M | 3.00M | 17.00M |
| Total Common Equity | 3.15B | 2.72B | 2.37B | 5.75B | 6.60B | 10.74B |
| Shareholders' Equity | 3.15B | 2.72B | 2.37B | 5.75B | 6.60B | 10.74B |
| Total Liabilities & Equity | 6.81B | 6.64B | 6.30B | 10.11B | 12.25B | 15.22B |
| Total Debt | 2.31B | 2.55B | 2.62B | 2.26B | 3.56B | 2.54B |
| Net Cash (Debt) | -976.00M | -920.00M | -1.40B | -1.21B | -1.52B | -1.20B |
| Net Cash Per Share | -6.35 | -5.90 | -8.82 | -7.65 | -9.67 | -7.95 |
| Filing Date Shares Outstanding | 151.20M | 152.90M | 158.40M | 158.90M | 158.00M | 157.00M |
| Total Common Shares Outstanding | 152.00M | 153.00M | 159.00M | 159.00M | 158.00M | 157.00M |
| Working Capital | 1.88B | 1.70B | 1.20B | 1.04B | 788.00M | 1.62B |
| Book Value Per Share | 20.69 | 17.80 | 14.92 | 36.13 | 41.77 | 68.41 |
| Tangible Book Value | 1.47B | 1.40B | 965.00M | 797.00M | 780.00M | 1.08B |
| Tangible Book Value Per Share | 9.67 | 9.15 | 6.07 | 5.01 | 4.94 | 6.89 |
| Buildings | 44.00M | 44.00M | 44.00M | 44.00M | 44.00M | |
| Machinery | 1.24B | 1.21B | 1.20B | 1.12B | 939.00M | |
| Construction In Progress | 82.00M | 39.00M | 96.00M | 132.00M | 113.00M | |
| Leasehold Improvements | 755.00M | 772.00M | 803.00M | 759.00M | 724.00M | |
| Order Backlog | 738.00M | 657.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 895.00M | 850.00M | -1.22B | -1.16B | -4.40B | 762.00M |
| Depreciation & Amortization | 277.00M | 270.00M | 354.00M | 432.00M | 394.00M | 251.00M |
| Other Amortization | 32.00M | |||||
| Asset Writedown & Restructuring Costs | 4.00M | 27.00M | 1.94B | 927.00M | 3.92B | 6.00M |
| Loss (Gain) From Sale of Investments | -144.00M | -328.00M | 312.00M | 40.00M | 122.00M | -917.00M |
| Stock-Based Compensation | 270.00M | 275.00M | 370.00M | 380.00M | 366.00M | 754.00M |
| Other Operating Activities | 22.00M | 138.00M | -428.00M | -50.00M | -213.00M | -191.00M |
| Change in Accounts Receivable | -2.00M | -108.00M | -25.00M | -40.00M | -12.00M | -164.00M |
| Change in Inventory | -43.00M | -17.00M | 19.00M | -20.00M | -135.00M | -58.00M |
| Change in Accounts Payable | 26.00M | 2.00M | -4.00M | -44.00M | -38.00M | 60.00M |
| Change in Other Net Operating Assets | -75.00M | -30.00M | -473.00M | 14.00M | 389.00M | 10.00M |
| Operating Cash Flow | 1.23B | 1.08B | 837.00M | 478.00M | 392.00M | 545.00M |
| Capital Expenditures | -173.00M | -148.00M | -128.00M | -195.00M | -286.00M | -208.00M |
| Cash Acquisitions | -420.00M | -10.00M | -81.00M | -30.00M | -85.00M | -2.44B |
| Divestitures | 83.00M | |||||
| Sale (Purchase) of Intangibles | -180.00M | |||||
| Investment in Securities | 288.00M | 103.00M | -52.00M | -6.00M | -40.00M | 1.53B |
| Other Investing Activities | -25.00M | 52.00M | ||||
| Investing Cash Flow | -330.00M | -55.00M | -178.00M | -231.00M | -591.00M | -1.07B |
| Long-Term Debt Issued | 495.00M | 1.24B | 991.00M | 988.00M | ||
| Long-Term Debt Repaid | -500.00M | -750.00M | -1.24B | -517.00M | ||
| Net Debt Issued (Repaid) | -208.00M | -5.00M | 491.00M | -1.24B | 991.00M | 471.00M |
| Issuance of Common Stock | 46.00M | 44.00M | 56.00M | 67.00M | 63.00M | 60.00M |
| Repurchase of Common Stock | -472.00M | -782.00M | -148.00M | -40.00M | -54.00M | -511.00M |
| Other Financing Activities | -31.00M | -1.00M | -969.00M | -1.00M | -71.00M | |
| Financing Cash Flow | -665.00M | -744.00M | -570.00M | -1.21B | 1.00B | -51.00M |
| Foreign Exchange Rate Adjustments | 4.00M | 11.00M | -10.00M | -22.00M | -3.00M | |
| Net Cash Flow | 239.00M | 291.00M | 79.00M | -963.00M | 779.00M | -578.00M |
| Free Cash Flow | 1.06B | 931.00M | 709.00M | 283.00M | 106.00M | 337.00M |
| Free Cash Flow Margin | 23.29% | 21.44% | 16.22% | 6.28% | 2.31% | 7.45% |
| Free Cash Flow Per Share | 6.88 | 5.97 | 4.46 | 1.79 | 0.68 | 2.23 |
| Levered Free Cash Flow | 859.00M | 786.00M | 298.50M | 524.75M | 647.88M | 1.26B |
| Unlevered Free Cash Flow | 919.62M | 849.12M | 361.00M | 572.88M | 664.12M | 1.27B |
| Cash Interest Paid | 95.00M | 95.00M | 83.00M | 73.00M | 17.00M | 9.00M |
| Cash Income Tax Paid | 73.00M | 73.00M | 105.00M | 65.00M | 122.00M | 233.00M |
| Change in Working Capital | -94.00M | -153.00M | -483.00M | -90.00M | 204.00M | -152.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 35.68B | 20.62B | 21.45B | 22.11B | 31.81B | 59.46B |
| Enterprise Value | 36.66B | 21.92B | 23.19B | 23.45B | 33.33B | 60.74B |
| Last Close Price | 235.99 | 134.95 | 135.27 | 135.32 | 196.50 | 369.72 |
| PE Ratio | 40.51 | 24.26 | 78.04 | |||
| Forward PE | 39.76 | 27.36 | 32.67 | 142.87 | 77.01 | 112.81 |
| PS Ratio | 7.86 | 4.75 | 4.91 | 4.91 | 6.94 | 13.14 |
| PB Ratio | 11.41 | 7.57 | 9.04 | 3.85 | 4.82 | 5.54 |
| P/TBV Ratio | 24.27 | 14.73 | 22.23 | 27.74 | 40.78 | 54.96 |
| P/FCF Ratio | 33.76 | 22.15 | 30.26 | 78.13 | 300.06 | 176.45 |
| P/OCF Ratio | 29.01 | 19.11 | 25.63 | 46.26 | 81.14 | 109.11 |
| PEG Ratio | 3.68 | 3.08 | 2.78 | 11.50 | 14.14 | 4.43 |
| EV/Sales Ratio | 8.08 | 5.05 | 5.30 | 5.21 | 7.27 | 13.42 |
| EV/EBITDA Ratio | 32.10 | 19.24 | 30.75 | 66.06 | 61.38 | 81.31 |
| EV/EBIT Ratio | 42.38 | 25.22 | 57.97 | 223.70 | 122.45 | |
| EV/FCF Ratio | 34.68 | 23.54 | 32.71 | 82.86 | 314.44 | 180.23 |
| Debt / Equity Ratio | 0.73 | 0.94 | 1.10 | 0.39 | 0.54 | 0.24 |
| Debt / EBITDA Ratio | 1.90 | 2.08 | 3.07 | 4.73 | 5.43 | 2.98 |
| Debt / FCF Ratio | 2.19 | 2.74 | 3.70 | 7.99 | 33.54 | 7.54 |
| Net Debt / Equity Ratio | 0.31 | 0.34 | 0.59 | 0.21 | 0.23 | 0.11 |
| Net Debt / EBITDA Ratio | 0.85 | 0.81 | 1.86 | 3.40 | 2.80 | 1.61 |
| Net Debt / FCF Ratio | 0.92 | 0.99 | 1.98 | 4.27 | 14.32 | 3.56 |
| Asset Turnover | 0.70 | 0.67 | 0.53 | 0.40 | 0.33 | 0.40 |
| Inventory Turnover | 2.33 | 2.48 | 2.44 | 2.71 | 2.88 | 3.24 |
| Quick Ratio | 1.87 | 1.58 | 1.27 | 1.15 | 0.98 | 1.83 |
| Current Ratio | 2.62 | 2.08 | 1.77 | 1.66 | 1.28 | 2.48 |
| Return on Equity (ROE) | 32.39% | 33.36% | -30.13% | -18.81% | -50.80% | 9.87% |
| Return on Assets (ROA) | 8.32% | 8.39% | 3.05% | -0.43% | 0.68% | 2.72% |
| Return on Invested Capital (ROIC) | 17.59% | 18.34% | 7.46% | -1.02% | 1.49% | 5.67% |
| Return on Capital Employed (ROCE) | 15.30% | 17.20% | 8.40% | -0.90% | 1.60% | 3.50% |
| Earnings Yield | 2.47% | 4.12% | -5.70% | -5.25% | -13.85% | 1.28% |
| FCF Yield | 2.96% | 4.52% | 3.31% | 1.28% | 0.33% | 0.57% |
| Buyback Yield / Dilution | 2.38% | 1.89% | -0.63% | -0.64% | -3.97% | -2.03% |