Buyback Radar
Company reports

Exelixis

EXEL

Exelixis has retired 23.5% of its shares since 2023, from 324,087,337 to 247,781,692.

23.5%retired since 2023
21.7%last 5 years
7.6%last 12 months
248Mshares today

At $62.23 a share, a market value of $15.4B. FCF yield 7.6%, P/E 17.9, trailing twelve months to July 2026.

Shares outstanding, 2000 to todaysplit adjusted, from SEC filings
324M shares, 2023248M200020052010201520202025
2000, 46,745,0692026-07-27, 247,781,692

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2017
1.2× more of Exelixis today, without buying another share. It was one of 290,866,613 shares then. It is one of 247,781,692 now.
Every filing we read26 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20002001-03-1246,745,06910-Kcover page
20012002-01-3156,152,28410-Kcover page
20022003-02-2859,649,58510-Kcover page
20032003-12-3171,295,10510-Kcover page
20042005-03-0476,150,09210-Kcover page
20052006-02-2883,767,58410-Kcover page
20062007-02-2096,603,12710-Kcover page
20072008-02-20105,073,84610-Kcover page
20092009-02-27106,382,56610-Kcover page
20102010-12-31109,287,16010-K
20112011-12-31126,018,00010-Kfiscal-year average
20122012-02-15148,420,47010-K
20132013-02-14183,718,37110-K
20142014-02-18194,614,30510-K
20152015-02-26195,895,76910-K
20162016-02-19228,191,13110-K
20172017-02-16290,866,61310-K
20182018-02-12296,307,27810-K
20192019-02-12300,129,63010-K
20202020-02-18305,393,24010-K
20212021-02-01311,989,66110-K
20222022-02-07319,448,17410-K
20232023-01-30324,087,33710-K
20242024-01-29303,194,25910-K
20252025-02-03279,881,45010-K
20262026-02-02259,708,68910-K

Source: all 10-K filings of Exelixis on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

Every Monday we write about one of these companies.

Read the full story
What the buybacks cost, fiscal 2025 to 2026cash flow statement against share count
$1.6Bspent on buybacks
43Mfewer shares outstanding
6.1%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $62.23.

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Exelixis buybacks, answered

Is Exelixis buying back its stock?

Yes. Exelixis has 7.6% fewer shares outstanding than twelve months ago, 247,781,692 as of July 27, 2026. Over five years the share count is down 21.7%.

How many shares has Exelixis bought back?

Net of every new share it issued, Exelixis has 76.3 million fewer shares than at its 2023 peak. That is 23.5% of the company.

How many shares does Exelixis have outstanding?

247,781,692 shares, as of July 27, 2026, from the cover page of its latest 10-Q. At the 2023 peak it had 324,087,337.

What do Exelixis' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Exelixis stock in 2023 owns 1.3 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Exelixis compare with other cannibal stocks?

Exelixis ranks No. 338 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Graphic Packaging Holding (24.0%), WEX (24.0%), Curtiss Wright (23.1%), Zimmer Biomet (23.1%).

Every answer is computed from Exelixis' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

JOHNSON DAVID EDWARD; Caligan Partners LPDirector; Other2025-11-25, 27,532 shares at $43.12 $1.2M total

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