10-Q quarterly report · filed May 7, 2025

Gilead Sciences (GILD) Q1 2025 10-Q Quarterly Report

Short answer

Gilead Sciences (GILD) filed its Q1 2025 10-Q quarterly report on May 7, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $6.7B (down 0.3% year over year) with net income of $1.3B.

Q1 2025 key financials · XBRL

Revenue
$6.7B
−0.3% YoY
Net income
$1.3B
+131.5% YoY
Operating margin
33.6%
EPS (diluted)
$1.04
+131.1% YoY

Source: XBRL data from the Gilead Sciences (GILD) Q1 2025 10-Q on SEC EDGAR. USD.

Gilead Sciences Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New regulatory risk: FDA boxed warning on CAR T therapies for secondary T-cell malignancies effective January 2024
  • Updated product commercialization risk: Phase 3 EVOKE-01 trial failed in January 2024, causing impairment charge impacting pipeline valuation
  • Regulatory pricing risk: IRA implementation increases rebates, discounts, and Medicare Part D liabilities beginning 2023-2025, reducing profitability
  • Operational risk: dependency on third-party apheresis centers and logistics for CAR T-cell therapies risks product loss and manufacturing delays
  • Financial risk: ~90% U.S. sales concentrated in 3 wholesalers, causing potential revenue fluctuations due to inventory mismatches

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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