{"as_of":"2026-10-09","company":{"cik":874015,"exchange":"Nasdaq","has_companyfacts":true,"name":"IONIS PHARMACEUTICALS INC","reason":null,"sector":"healthcare","sic":2834,"sic_description":"Pharmaceutical Preparations","status":"eligible","ticker":"IONS"},"condition":{"data_age":{"as_of":"2026-10-09","basis":"annual statements behind the grade; see diagnostics.filing_gap for the latest periodic filing","days":225,"latest_filed":"2026-02-26"},"reliability":{"all":{"auc":0.8767,"ci":[0.858,0.8947],"test_events":691},"base_rate_window":"annualized 12-month Item 1.03 frequency, filings 2012-01-01 to 2025-12-31","confirmation":"pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05","fit_window":"filings 2012-01-01 to 2019-12-31","model":"11 accounting level inputs plus loss and burn thresholds, fit separately within asset quintile, L2 penalty selected per stratum by 5-fold CIK-grouped cross-validation on the training window","outcome":"8-K Item 1.03 within 365 days, with the directional acquisition rule","source":"reliability study of the per-band refit on EDGAR filings; fit 2012-2019, test 2020-2025","status":"post_hoc_pending_confirmation","stratum":{"auc":0.9358,"base_rate_annual":0.00524,"ci":[0.8822,0.9673],"id":"Q5","test_events":61},"test_window":"filings 2020-01-01 to 2025-12-31","universe":{"auc":0.8893,"ci":[0.8716,0.9064],"inside":true,"test_events":617}},"standard_universe":{"assets":3523836000,"assets_min":10000000,"inside":true,"receipts":{"assets":{"accession":"0000874015-26-000115","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","form":"10-K","tag":"us-gaap:Assets"},"revenue":{"accession":"0000874015-26-000115","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","form":"10-K","tag":"us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax"}},"revenue":943711000,"revenue_min":1000000,"rule":"revenue above $1M and total assets above $10M; the screen every published distress figure was measured inside"},"stratum":{"assets":3523836000,"assets_max":null,"assets_min":2670000000,"id":"Q5","label":"over $2.67B assets","receipt":{"accession":"0000874015-26-000115","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","form":"10-K","tag":"us-gaap:Assets"}}},"coverage":{"resolved":10,"wanted":14},"diagnostics":{"cash_runway":{"burning_cash":true,"cash_flow_inputs":[{"concept":"operating_cash_flow","end":"2026-06-30","fiscal_period":"Q2","fiscal_year":2026,"inputs":[{"accession":"0000874015-26-000251","concept":"operating_cash_flow","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-227288000},{"accession":"0000874015-26-000177","concept":"operating_cash_flow","end":"2026-03-31","filed":"2026-04-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000177/0000874015-26-000177-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-792819000}],"method":"ytd_difference","unit":"USD","value":565531000},{"concept":"operating_cash_flow","end":"2026-03-31","fiscal_period":"Q1","fiscal_year":2026,"inputs":[{"accession":"0000874015-26-000177","concept":"operating_cash_flow","end":"2026-03-31","filed":"2026-04-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000177/0000874015-26-000177-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-792819000}],"method":"direct","unit":"USD","value":-792819000},{"concept":"operating_cash_flow","end":"2025-12-31","fiscal_period":"Q4","fiscal_year":2025,"inputs":[{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-268583000},{"accession":"0000874015-25-000266","concept":"operating_cash_flow","end":"2025-09-30","filed":"2025-10-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000266/0000874015-25-000266-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-130874000}],"method":"annual_less_ytd_q3","unit":"USD","value":-137709000},{"concept":"operating_cash_flow","end":"2025-09-30","fiscal_period":"Q3","fiscal_year":2025,"inputs":[{"accession":"0000874015-25-000266","concept":"operating_cash_flow","end":"2025-09-30","filed":"2025-10-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000266/0000874015-25-000266-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-130874000},{"accession":"0000874015-26-000251","concept":"operating_cash_flow","end":"2025-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":563000}],"method":"ytd_difference","unit":"USD","value":-131437000}],"cash_input":{"accession":"0000874015-26-000251","concept":"cash","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":350065000},"detail":null,"kind":"diagnostic","months":8.461910344577527,"name":"cash_runway","period_end":"2026-06-30","reason":null,"short_runway":false,"status":"resolved","threshold_months":6,"trailing_operating_cash_flow":-496434000.0},"filing_gap":{"ceased":false,"days":72,"forms":["10-K","10-KT","10-Q","10-QT","20-F","40-F"],"kind":"diagnostic","last_accession":"0000874015-26-000251","last_filing_date":"2026-07-29","last_filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","last_form":"10-Q","name":"filing_gap","reason":null,"status":"resolved","threshold_days":365},"late_filer":{"filings":[],"forms":["NT 10-K","NT 10-Q"],"kind":"diagnostic","late_filer":false,"lookback_days":730,"name":"late_filer","reason":null,"status":"resolved"},"median_dollar_adv":{"status":"resolved","unit":"USD_per_day","value":154807380.39000002,"window_trading_days":63},"piotroski_f_score":{"components":[{"inputs":[{"accession":"0000874015-26-000115","concept":"net_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-381387000},{"accession":"0000874015-26-000115","concept":"assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3003675000}],"metric":-0.1269734575145447,"name":"positive_roa","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"ratio"},{"inputs":[{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-268583000}],"metric":-268583000.0,"name":"positive_operating_cash_flow","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"USD"},{"inputs":[{"accession":"0000874015-26-000115","concept":"net_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-381387000},{"accession":"0000874015-26-000115","concept":"net_income","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"NetIncomeLoss","unit":"USD","value":-453897000},{"accession":"0000874015-26-000115","concept":"assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3003675000},{"accession":"0000874015-25-000089","concept":"assets","end":"2023-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":2990072000}],"metric":0.02482790379046737,"name":"improving_roa","passed":true,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"},{"inputs":[{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-268583000},{"accession":"0000874015-26-000115","concept":"net_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-381387000}],"metric":112804000.0,"name":"cash_flow_exceeds_net_income","passed":true,"period_end":"2025-12-31","status":"resolved","unit":"USD"},{"inputs":[{"accession":"0000874015-26-000115","concept":"long_term_debt","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebtNoncurrent","unit":"USD","value":1327999000},{"accession":"0000874015-25-000089","concept":"long_term_debt","end":"2024-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebtNoncurrent","unit":"USD","value":1202405000},{"accession":"0000874015-26-000115","concept":"assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3523836000},{"accession":"0000874015-26-000115","concept":"assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3003675000},{"accession":"0000874015-25-000089","concept":"assets","end":"2023-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":2990072000}],"metric":0.005673113723117074,"name":"declining_long_term_leverage","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"},{"inputs":[{"accession":"0000874015-26-000115","concept":"current_assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":2990635000},{"accession":"0000874015-26-000115","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":781567000},{"accession":"0000874015-26-000115","concept":"current_assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":2620290000},{"accession":"0000874015-26-000115","concept":"current_liabilities","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":309318000}],"metric":-4.644724818564577,"name":"improving_current_ratio","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"},{"inputs":[{"accession":"0000874015-26-000115","concept":"shares_outstanding","end":"2026-02-19","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":165192011},{"accession":"0000874015-25-000089","concept":"shares_outstanding","end":"2025-02-13","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":158964772}],"metric":0.0391737044733409,"name":"no_new_shares","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"growth_rate"},{"inputs":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000},{"accession":"0000874015-26-000115","concept":"cost_of_revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":15909000},{"accession":"0000874015-26-000115","concept":"revenue","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":705138000},{"accession":"0000874015-26-000115","concept":"cost_of_revenue","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":11215000}],"metric":-0.0009532270276866317,"name":"improving_gross_margin","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"},{"inputs":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000},{"accession":"0000874015-26-000115","concept":"revenue","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":705138000},{"accession":"0000874015-26-000115","concept":"assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3003675000},{"accession":"0000874015-25-000089","concept":"assets","end":"2023-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":2990072000}],"metric":0.07835902788962862,"name":"improving_asset_turnover","passed":true,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"}],"coverage":{"resolved":9,"wanted":9},"feeds_grade":false,"kind":"diagnostic","maximum":9,"name":"piotroski_f_score","period_end":"2025-12-31","reason":null,"score":3,"status":"resolved"}},"disclaimer":"Informational and educational only. Not investment advice. SEC and market data may contain errors.","factors":[{"detail":"gross profit derived as revenue minus cost of revenue","direction":"higher","inputs":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000},{"accession":"0000874015-26-000115","concept":"cost_of_revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":15909000},{"accession":"0000874015-26-000115","concept":"assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3523836000}],"name":"gross_profitability","period_end":"2025-12-31","sleeve":"profitability","status":"resolved","unit":"ratio","value":0.26329318390526685},{"detail":"pretax income must exceed the validity floor and imply a 0%-100% tax rate","direction":"higher","failure_class":"non_positive_or_below_floor_denominator","inputs":[{"accession":"0000874015-26-000115","concept":"operating_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-381684000},{"accession":"0000874015-26-000115","concept":"pretax_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","value":-379601000},{"accession":"0000874015-26-000115","concept":"income_tax","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"IncomeTaxExpenseBenefit","unit":"USD","value":1786000},{"accession":"0000874015-26-000115","concept":"total_debt","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebt","unit":"USD","value":1812405000},{"accession":"0000874015-26-000115","concept":"book_equity","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"StockholdersEquity","unit":"USD","value":489089000},{"accession":"0000874015-26-000115","concept":"cash","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":372260000},{"accession":"0000874015-25-000089","concept":"total_debt","end":"2024-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebt","unit":"USD","value":1253062000},{"accession":"0000874015-26-000115","concept":"book_equity","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"StockholdersEquity","unit":"USD","value":588351000},{"accession":"0000874015-26-000115","concept":"cash","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":242077000}],"name":"roic","period_end":"2025-12-31","reason":"non_positive_denominator","sleeve":"profitability","status":"unresolved","unit":"ratio","value":null},{"direction":"lower","inputs":[{"accession":"0000874015-26-000115","concept":"net_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-381387000},{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-268583000},{"accession":"0000874015-26-000115","concept":"assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3523836000},{"accession":"0000874015-26-000115","concept":"assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3003675000}],"name":"accruals","period_end":"2025-12-31","sleeve":"profitability","status":"resolved","unit":"ratio","value":-0.03456263804074784},{"direction":"lower","inputs":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000},{"accession":"0000874015-26-000115","concept":"cost_of_revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":15909000},{"accession":"0000874015-26-000115","concept":"revenue","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":705138000},{"accession":"0000874015-26-000115","concept":"cost_of_revenue","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":11215000},{"accession":"0000874015-26-000115","concept":"revenue","end":"2023-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":787647000},{"accession":"0000874015-26-000115","concept":"cost_of_revenue","end":"2023-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":9133000},{"accession":"0000874015-25-000089","concept":"revenue","end":"2022-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":587367000},{"accession":"0000874015-25-000089","concept":"cost_of_revenue","end":"2022-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":14116000},{"accession":"0000874015-24-000116","concept":"revenue","end":"2021-12-31","filed":"2024-02-21","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401524000116/0000874015-24-000116-index.html","fiscal_period":"FY","fiscal_year":2023,"form":"10-K","namespace":"us-gaap","start":"2021-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":810456000},{"accession":"0000874015-24-000116","concept":"cost_of_revenue","end":"2021-12-31","filed":"2024-02-21","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401524000116/0000874015-24-000116-index.html","fiscal_period":"FY","fiscal_year":2023,"form":"10-K","namespace":"us-gaap","start":"2021-01-01","tag":"CostOfGoodsAndServicesSold","unit":"USD","value":10842000}],"name":"gross_margin_stability_5y","period_end":"2025-12-31","sleeve":"profitability","status":"resolved","unit":"standard_deviation","value":0.004264311323624295},{"direction":"higher","inputs":[{"accession":"0000874015-26-000115","concept":"current_assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":2990635000},{"accession":"0000874015-26-000115","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":781567000},{"accession":"0000874015-26-000115","concept":"retained_earnings","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"RetainedEarningsAccumulatedDeficit","unit":"USD","value":-2631195000},{"accession":"0000874015-26-000115","concept":"operating_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-381684000},{"accession":"0000874015-26-000115","concept":"book_equity","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"StockholdersEquity","unit":"USD","value":489089000},{"accession":"0000874015-26-000115","concept":"assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3523836000},{"accession":"0000874015-26-000115","concept":"liabilities","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":3034747000}],"name":"altman_z_double_prime","period_end":"2025-12-31","sleeve":"solvency","status":"resolved","unit":"score","value":1.1195701402531375},{"detail":"EBITDA must exceed $100,000","direction":"lower","failure_class":"non_positive_or_below_floor_denominator","inputs":[{"accession":"0000874015-26-000115","concept":"total_debt","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebt","unit":"USD","value":1812405000},{"accession":"0000874015-26-000115","concept":"cash","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":372260000},{"accession":"0000874015-26-000115","concept":"operating_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-381684000},{"accession":"0000874015-26-000115","concept":"depreciation_amortization","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"Depreciation","unit":"USD","value":10008000}],"name":"net_debt_to_ebitda","period_end":"2025-12-31","reason":"non_positive_denominator","sleeve":"solvency","status":"unresolved","unit":"ratio","value":null},{"direction":"higher","inputs":[{"accession":"0000874015-26-000115","concept":"operating_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-381684000},{"accession":"0000874015-26-000115","concept":"interest_expense","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"InterestExpense","unit":"USD","value":17262000}],"name":"interest_coverage","period_end":"2025-12-31","sleeve":"solvency","status":"resolved","unit":"ratio","value":-22.11122697254084},{"direction":"higher","inputs":[{"accession":"0000874015-26-000115","concept":"current_assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":2990635000},{"accession":"0000874015-26-000115","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":781567000}],"name":"current_ratio","period_end":"2025-12-31","sleeve":"solvency","status":"resolved","unit":"ratio","value":3.8264601755191814},{"direction":"higher","inputs":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000},{"accession":"0000874015-26-000115","concept":"revenue","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":705138000},{"accession":"0000874015-26-000115","concept":"revenue","end":"2023-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":787647000},{"accession":"0000874015-25-000089","concept":"revenue","end":"2022-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":587367000}],"name":"revenue_cagr_3y","period_end":"2025-12-31","sleeve":"growth_and_financing","status":"resolved","unit":"annual_rate","value":0.17123261646908805},{"detail":"current FCF must be positive and base FCF must exceed $100,000","direction":"higher","failure_class":"non_positive_or_below_floor_denominator","inputs":[{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-268583000},{"accession":"0000874015-26-000115","concept":"capital_expenditure","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":51444000},{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-500947000},{"accession":"0000874015-26-000115","concept":"capital_expenditure","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":45280000},{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2023-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-307513000},{"accession":"0000874015-26-000115","concept":"capital_expenditure","end":"2023-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":23805000},{"accession":"0000874015-25-000089","concept":"operating_cash_flow","end":"2022-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-274370000},{"accession":"0000874015-25-000089","concept":"capital_expenditure","end":"2022-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":15721000}],"name":"fcf_cagr_3y","period_end":"2025-12-31","reason":"non_positive_denominator","sleeve":"growth_and_financing","status":"unresolved","unit":"annual_rate","value":null},{"detail":"pretax income must exceed the validity floor and imply a 0%-100% tax rate","direction":"higher","failure_class":"non_positive_or_below_floor_denominator","inputs":[{"accession":"0000874015-26-000115","concept":"capital_expenditure","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":51444000},{"accession":"0000874015-26-000115","concept":"depreciation_amortization","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"Depreciation","unit":"USD","value":10008000},{"accession":"0000874015-26-000115","concept":"operating_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-381684000},{"accession":"0000874015-26-000115","concept":"pretax_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","value":-379601000},{"accession":"0000874015-26-000115","concept":"income_tax","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"IncomeTaxExpenseBenefit","unit":"USD","value":1786000},{"accession":"0000874015-26-000115","concept":"current_assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":2990635000},{"accession":"0000874015-26-000115","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":781567000},{"accession":"0000874015-26-000115","concept":"current_assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":2620290000},{"accession":"0000874015-26-000115","concept":"current_liabilities","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":309318000}],"name":"reinvestment_rate","period_end":"2025-12-31","reason":"non_positive_denominator","sleeve":"growth_and_financing","status":"unresolved","unit":"ratio","value":null},{"direction":"higher","inputs":[{"accession":"0000874015-26-000115","concept":"assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3523836000},{"accession":"0000874015-26-000115","concept":"assets","end":"2024-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3003675000},{"accession":"0000874015-25-000089","concept":"assets","end":"2023-12-31","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":2990072000},{"accession":"0000874015-24-000116","concept":"assets","end":"2022-12-31","filed":"2024-02-21","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401524000116/0000874015-24-000116-index.html","fiscal_period":"FY","fiscal_year":2023,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":2533876000}],"name":"asset_growth_3y","period_end":"2025-12-31","sleeve":"growth_and_financing","status":"resolved","unit":"annual_rate","value":0.11620366286793526},{"direction":"lower","inputs":[],"name":"chs_12m","period_end":"2026-06-30","sleeve":"solvency","status":"resolved","unit":"probability","value":0.0009574498059169281},{"detail":"provider split factors current=1, prior=1","direction":"lower","inputs":[{"accession":"0000874015-26-000115","concept":"shares_outstanding","end":"2026-02-19","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":165192011},{"accession":"0000874015-25-000089","concept":"shares_outstanding","end":"2025-02-13","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":158964772}],"name":"net_share_issuance","period_end":"2026-02-19","sleeve":"growth_and_financing","status":"resolved","unit":"growth_rate","value":0.0391737044733409}],"facts":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000},{"concept":"gross_profit","detail":"no matching annual XBRL fact","reason":"missing_input"},{"accession":"0000874015-26-000115","concept":"net_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-381387000},{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-268583000},{"accession":"0000874015-26-000115","concept":"assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3523836000},{"accession":"0000874015-26-000115","concept":"liabilities","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":3034747000},{"accession":"0000874015-26-000115","concept":"cash","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":372260000},{"accession":"0000874015-26-000115","concept":"shares_outstanding","end":"2026-02-19","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":165192011}],"flags":[{"active":false,"detail":"split-adjusted year-over-year share growth is 3.9%","inputs":[{"accession":"0000874015-26-000115","concept":"shares_outstanding","end":"2026-02-19","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":165192011},{"accession":"0000874015-25-000089","concept":"shares_outstanding","end":"2025-02-13","filed":"2025-02-19","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000089/0000874015-25-000089-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":158964772}],"name":"dilution","status":"resolved"},{"active":false,"detail":"cash runway is 8.5 months","inputs":[{"accession":"0000874015-26-000251","concept":"cash","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":350065000}],"name":"short_runway","status":"resolved"},{"active":false,"detail":"found 0 NT 10-K/Q filings in the last eight quarters","inputs":[],"name":"late_filer","status":"resolved"},{"active":false,"detail":"10 of 14 grade factors are computable; minimum is 7","inputs":[],"name":"thin_data","status":"resolved"},{"active":false,"detail":"latest revenue and assets both exceed the $100,000 validity floor","inputs":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000},{"accession":"0000874015-26-000115","concept":"assets","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":3523836000}],"name":"degenerate_inputs","status":"resolved"},{"active":false,"detail":"CHS probability 0.095745%; universe top-decile threshold 1.068854%","inputs":[],"name":"distress","status":"resolved"},{"active":false,"detail":"cash minus debt is -1,440,145,000 USD; Altman Z is not used","inputs":[{"accession":"0000874015-26-000115","concept":"cash","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":372260000},{"accession":"0000874015-26-000115","concept":"total_debt","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebt","unit":"USD","value":1812405000}],"name":"fortress","status":"resolved"}],"generated_at":"2026-10-09T07:10:09+00:00","grade":{"composite":-0.14048084640003894,"coverage":{"resolved":10,"wanted":14},"factor_percentiles":{"accruals":{"direction":"lower","peer_count":811,"peer_group":"healthcare","percentile":0.6925925925925925,"raw_value":-0.03456263804074784},"altman_z_double_prime":{"direction":"higher","peer_count":756,"peer_group":"healthcare","percentile":0.3205298013245033,"raw_value":1.1195701402531375},"asset_growth_3y":{"direction":"higher","peer_count":704,"peer_group":"healthcare","percentile":0.29871977240398295,"raw_value":0.11620366286793526},"chs_12m":{"direction":"lower","peer_count":248,"peer_group":"healthcare","percentile":0.5668016194331984,"raw_value":0.0009574498059169281},"current_ratio":{"direction":"higher","peer_count":839,"peer_group":"healthcare","percentile":0.47494033412887826,"raw_value":3.8264601755191814},"gross_margin_stability_5y":{"direction":"lower","peer_count":243,"peer_group":"healthcare","percentile":0.028925619834710745,"raw_value":0.004264311323624295},"gross_profitability":{"direction":"higher","peer_count":372,"peer_group":"healthcare","percentile":0.5444743935309974,"raw_value":0.26329318390526685},"interest_coverage":{"direction":"higher","peer_count":81,"peer_group":"healthcare","percentile":0.725,"raw_value":-22.11122697254084},"net_share_issuance":{"direction":"lower","peer_count":634,"peer_group":"healthcare","percentile":0.41706161137440756,"raw_value":0.0391737044733409},"revenue_cagr_3y":{"direction":"higher","peer_count":415,"peer_group":"healthcare","percentile":0.36231884057971014,"raw_value":0.17123261646908805}},"grade":"B","normalization":{"correlation_standard_deviation":0.46700977286197654,"factor_weights":{"accruals":0.1111111111111111,"altman_z_double_prime":0.08333333333333333,"asset_growth_3y":0.1111111111111111,"chs_12m":0.08333333333333333,"current_ratio":0.08333333333333333,"gross_margin_stability_5y":0.1111111111111111,"gross_profitability":0.1111111111111111,"interest_coverage":0.08333333333333333,"net_share_issuance":0.1111111111111111,"revenue_cagr_3y":0.1111111111111111},"method":"sqrt(w'Rw)"},"peer_count":371,"peer_group":"healthcare","percentile":0.35945945945945945,"reason":null,"sampling_standard_deviation":0.025337381705232788,"sleeve_scores":{"growth_and_financing":0.3593667414527002,"profitability":0.42199753531943357,"solvency":0.521817938721645},"status":"resolved","ticker":"IONS"},"grade_history":[{"date":"2012-01-21","grade":null,"percentile":null,"stratum":"Q3"},{"date":"2014-03-21","grade":null,"percentile":null,"stratum":"Q4"},{"date":"2016-03-21","grade":"A","percentile":0.05483271375464684,"stratum":"Q4"},{"date":"2017-03-21","grade":null,"percentile":null,"stratum":"Q4"},{"date":"2018-03-21","grade":"A","percentile":0.044642857142857144,"stratum":"Q4"},{"date":"2020-03-21","grade":"A","percentile":0.04195804195804196,"stratum":"Q5"},{"date":"2021-03-21","grade":"C","percentile":0.4429530201342282,"stratum":"Q4"},{"date":"2023-03-21","grade":"D","percentile":0.7509433962264151,"stratum":"Q4"},{"date":"2024-02-21","grade":"C","percentile":0.5335820895522388,"stratum":"Q5"},{"date":"2024-04-21","grade":"B/C","percentile":0.422680412371134,"stratum":"Q5"},{"date":"2025-02-21","grade":"C/D","percentile":0.6013745704467354,"stratum":"Q5"},{"date":"2026-03-21","grade":"B","percentile":0.31189710610932475,"stratum":"Q5"}],"grade_sensitivity":{"all_eligible_peer_universe_equal_sleeves":{"grade":"B","peer_count":2204,"peer_group":"all_eligible","peer_policy":"all","percentile":0.3822060826146164,"status":"resolved","weight_policy":"sleeves"},"baseline_sector_rollup_equal_sleeves":{"grade":"B","peer_count":371,"peer_group":"healthcare","peer_policy":"auto","percentile":0.35945945945945945,"status":"resolved","weight_policy":"sleeves"},"same_exchange_peer_universe_equal_sleeves":{"grade":"B/C","peer_count":1219,"peer_group":"exchange:Nasdaq","peer_policy":"exchange","percentile":0.39408866995073893,"status":"resolved","weight_policy":"sleeves"},"sector_rollup_equal_factors":{"grade":"B/C","peer_count":371,"peer_group":"healthcare","peer_policy":"auto","percentile":0.4027027027027027,"status":"resolved","weight_policy":"factors"}},"implied_expectations":{"as_of":"2026-10-09","coverage":{"resolved":8,"wanted":8},"feeds_grade":false,"live_inputs":{"book_equity":439737000,"cash":350065000,"debt":1812405000,"ebit":-381684000,"free_cash_flow":-320027000.0,"market_equity":7195781142.599999,"price":{"close":43.3,"date":"2026-10-08","volume":3349576},"sales":943711000,"shares":{"accession":"0000874015-26-000251","concept":"shares_outstanding","end":"2026-07-23","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":166184322}},"metrics":[{"detail":null,"inputs":[{"accession":"0000874015-26-000115","concept":"operating_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-381684000},{"accession":"0000874015-26-000115","concept":"total_debt","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebt","unit":"USD","value":1812405000},{"accession":"0000874015-26-000251","concept":"cash","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":350065000}],"market_inputs":{"current_split_factor":1.0,"enterprise_value":8658121142.599998,"market_equity":7195781142.599999,"price":{"close":43.3,"date":"2026-10-08","volume":3349576},"statement_split_factor":1.0},"name":"ebit_to_enterprise_value","period_end":"2025-12-31","reason":null,"status":"resolved","unit":"ratio","value":-0.044083929262900313},{"detail":null,"inputs":[{"accession":"0000874015-26-000115","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-268583000},{"accession":"0000874015-26-000115","concept":"capital_expenditure","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":51444000}],"market_inputs":{"current_split_factor":1.0,"market_equity":7195781142.599999,"price":{"close":43.3,"date":"2026-10-08","volume":3349576},"statement_split_factor":1.0},"name":"fcf_yield","period_end":"2025-12-31","reason":null,"status":"resolved","unit":"ratio","value":-0.044474254241196526},{"detail":null,"inputs":[{"accession":"0000874015-26-000251","concept":"book_equity","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"StockholdersEquity","unit":"USD","value":439737000}],"market_inputs":{"current_split_factor":1.0,"market_equity":7195781142.599999,"price":{"close":43.3,"date":"2026-10-08","volume":3349576},"statement_split_factor":1.0},"name":"book_to_price","period_end":"2026-06-30","reason":null,"status":"resolved","unit":"ratio","value":0.06111039111469044},{"detail":null,"inputs":[{"accession":"0000874015-26-000115","concept":"revenue","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":943711000}],"market_inputs":{"current_split_factor":1.0,"market_equity":7195781142.599999,"price":{"close":43.3,"date":"2026-10-08","volume":3349576},"statement_split_factor":1.0},"name":"sales_to_price","period_end":"2025-12-31","reason":null,"status":"resolved","unit":"ratio","value":0.1311478186034735},{"detail":null,"inputs":[],"market_inputs":{},"name":"momentum_12_1","period_end":"2026-10-09","reason":null,"status":"resolved","unit":"return","value":-0.07734637725466209},{"detail":null,"inputs":[],"market_inputs":{},"name":"distance_from_52_week_high","period_end":"2026-10-09","reason":null,"status":"resolved","unit":"return","value":-0.49942196531791916},{"detail":null,"inputs":[],"market_inputs":{},"name":"sector_relative_strength","period_end":"2026-10-09","reason":null,"status":"resolved","unit":"log_excess_return","value":-0.29268339966072965},{"detail":null,"inputs":[{"accession":"0000874015-26-000115","concept":"shares_outstanding","end":"2026-02-19","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":165192011},{"accession":"0000874015-21-000056","concept":"shares_outstanding","end":"2021-02-18","filed":"2021-02-24","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401521000056/0000874015-21-000056-index.html","fiscal_period":"FY","fiscal_year":2020,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":140862211}],"market_inputs":{"cumulative_log_return":-0.284153915866758,"current_split_factor":1.0,"current_total_return_price":{"close":43.3,"date":"2026-10-08","volume":3349576},"market_equity":7195781142.599999,"price":{"close":43.3,"date":"2026-10-08","volume":3349576},"prior_market_equity":8103802998.83,"prior_raw_price":{"close":57.53,"date":"2021-02-18","volume":1046441},"prior_total_return_price":{"close":57.53,"date":"2021-02-18","volume":1046441},"statement_split_factor":1.0},"name":"composite_equity_issuance_5y","period_end":"2026-02-19","reason":null,"status":"resolved","unit":"log_growth","value":0.16531536021157445}],"name":"implied_expectations","predictive_claim":false,"verdict":null},"live_implied_expectations":{"as_of":"2026-10-08T19:59:58.827175596Z","enterprise_value":8656459299.380001,"feeds_grade":false,"market_equity":7194119299.38,"metrics":{"book_to_price":0.06112450762915444,"ebit_to_enterprise_value":-0.04409239237425135,"fcf_yield":-0.0444845278041998,"sales_to_price":0.13117811377986607},"predictive_claim":false,"price":43.29,"status":"resolved","verdict":null},"market_scope":{"status":"resolved"},"market_snapshot":{"ask":null,"bid":41.24,"daily_bar":{"c":43.29,"h":44.13,"l":42.81,"n":2784,"o":43.76,"t":"2026-10-08T04:00:00Z","v":117675,"vw":43.439665},"day_change":-0.8900000000000006,"day_change_percent":-0.020144861928474436,"feed":"iex","feeds_grade":false,"minute_bar":{"c":43.29,"h":43.315,"l":43.26,"n":189,"o":43.3,"t":"2026-10-08T19:59:00Z","v":10926,"vw":43.285761},"previous_close":44.18,"price":43.29,"price_timestamp":"2026-10-08T19:59:58.827175596Z","quoted_spread":null,"quoted_spread_percent":null,"reason":null,"retrieved_at":"2026-10-09T07:09:49.534009Z","status":"resolved","symbol":"IONS"},"models":{"chs_12m":{"accounting_period_end":"2026-06-30","accounting_receipts":{"book_equity":[{"accession":"0000874015-26-000251","concept":"book_equity","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"StockholdersEquity","unit":"USD","value":439737000}],"cash_and_short_term_investments":[{"accession":"0000874015-26-000251","concept":"cash","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":350065000},{"accession":"0000874015-26-000251","concept":"short_term_investments","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"ShortTermInvestments","unit":"USD","value":1704520000}],"liabilities":[{"accession":"0000874015-26-000251","concept":"liabilities","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":2554764000},{"accession":"0000874015-26-000177","concept":"liabilities","end":"2026-03-31","filed":"2026-04-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000177/0000874015-26-000177-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":2958555000},{"accession":"0000874015-26-000251","concept":"liabilities","end":"2025-12-31","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":3034747000},{"accession":"0000874015-25-000266","concept":"liabilities","end":"2025-09-30","filed":"2025-10-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000266/0000874015-25-000266-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":2415124000}],"net_income":[{"accession":"0000874015-26-000251","concept":"net_income","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-04-01","tag":"NetIncomeLoss","unit":"USD","value":-114646000},{"accession":"0000874015-26-000177","concept":"net_income","end":"2026-03-31","filed":"2026-04-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000177/0000874015-26-000177-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetIncomeLoss","unit":"USD","value":-92528000},{"accession":"0000874015-26-000115","concept":"net_income","end":"2025-12-31","filed":"2026-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000115/0000874015-26-000115-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-381387000},{"accession":"0000874015-25-000266","concept":"net_income","end":"2025-09-30","filed":"2025-10-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000266/0000874015-25-000266-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-151993000},{"accession":"0000874015-25-000266","concept":"net_income","end":"2025-09-30","filed":"2025-10-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000266/0000874015-25-000266-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-07-01","tag":"NetIncomeLoss","unit":"USD","value":-128606000}],"shares_outstanding":[{"accession":"0000874015-26-000251","concept":"shares_outstanding","end":"2026-06-30","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":165636792},{"accession":"0000874015-26-000177","concept":"shares_outstanding","end":"2026-03-31","filed":"2026-04-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000177/0000874015-26-000177-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":165902064},{"accession":"0000874015-26-000251","concept":"shares_outstanding","end":"2025-12-31","filed":"2026-07-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401526000251/0000874015-26-000251-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":163304875},{"accession":"0000874015-25-000266","concept":"shares_outstanding","end":"2025-09-30","filed":"2025-10-29","filing_url":"https://www.sec.gov/Archives/edgar/data/874015/000087401525000266/0000874015-25-000266-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":161137930}]},"conditional_failure_probability":0.0009574498059169281,"contributions":{"cashmta":-0.4503391161842498,"exretavg":0.7471295555568565,"mb":0.4833060976599515,"nimtaavg":0.1636706976054318,"price":-0.1570669116639282,"rsize":0.4114520605209274,"sigma":0.6436543743352787,"tlmta":0.37191389032106326},"cumulative_probability":false,"detail":null,"fitted_sample":"1963-2003","horizon_months":12,"imputed":false,"inputs":{"cashmta":0.2112284785104361,"exretavg":-0.10480145259599614,"mb":6.444081302132687,"nimtaavg":-0.008076919542313057,"price":2.70805020110221,"rsize":-9.143379122687277,"sigma":0.4561689399966539,"tlmta":0.2626510524866266},"log_odds":-6.9502793518486685,"market_receipts":{"benchmark_price_as_of":{"close":773.93,"date":"2026-10-08","volume":40507321},"current_split_factor":1.0,"monthly_excess_returns":[-0.2981734192928644,0.1295492549177635,-0.4266492918767574,0.04617232903363415,-0.02828972134313448,-0.10429111116991206,-0.02702260087619411,-0.009875165202423855,0.029381940385248953,-0.045539452640851706,0.1055217928015875,0.10372321634117819],"nimta_quarters":[{"cover_split_factor":1.0,"market_equity":13133341237.68,"period_end":"2026-06-30","period_split_factor":1.0,"price":{"close":79.29,"date":"2026-06-30","volume":2380424},"share_fact_end":"2026-06-30","split_adjusted_shares":165636792.0},{"cover_split_factor":1.0,"market_equity":12457585985.76,"period_end":"2026-03-31","period_split_factor":1.0,"price":{"close":75.09,"date":"2026-03-31","volume":1852403},"share_fact_end":"2026-03-31","split_adjusted_shares":165902064.0},{"cover_split_factor":1.0,"market_equity":12919048661.25,"period_end":"2025-12-31","period_split_factor":1.0,"price":{"close":79.11,"date":"2025-12-31","volume":1096900},"share_fact_end":"2025-12-31","split_adjusted_shares":163304875.0},{"cover_split_factor":1.0,"market_equity":10541643380.6,"period_end":"2025-09-30","period_split_factor":1.0,"price":{"close":65.42,"date":"2025-09-30","volume":2140270},"share_fact_end":"2025-09-30","split_adjusted_shares":161137930.0}],"price_as_of":{"close":43.3,"date":"2026-10-08","volume":3349576},"sigma":0.4561689399966539,"sp500_market_value":67075482580000,"sp500_market_value_reference":{"as_of":"2026-07-31","source":"https://www.spglobal.com/spdji/en/indices/equity/sp-500/","value":67075482580000},"statement_split_factor":1.0},"model":"CHS","reason":null,"stage":"scored","status":"resolved","winsorization_bounds":{"cashmta":[0.021020929803193276,0.9684247940012214],"exretavg":[-0.17819743489624348,0.0776057500645592],"mb":[0.6531550117846402,21.368015721213112],"nimtaavg":[-0.2027940143589602,0.01725520933412486],"price":[-0.11895571739389744,2.70805020110221],"rsize":[-15.899352029311597,-6.572195415495241],"sigma":[0.26467426464597876,1.226641604179577],"tlmta":[0.014553701556193031,0.7123814514378755]},"winsorized":true,"winsorized_inputs":{"cashmta":0.2112284785104361,"exretavg":-0.10480145259599614,"mb":6.444081302132687,"nimtaavg":-0.008076919542313057,"price":2.70805020110221,"rsize":-9.143379122687277,"sigma":0.4561689399966539,"tlmta":0.2626510524866266}}},"schema_version":1,"status":"analyzed"}
