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Nasdaq · Healthcare

NEUROCRINE BIOSCIENCES INC (NBIX)

As-reported financials and SEC filings for NEUROCRINE BIOSCIENCES INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About NEUROCRINE BIOSCIENCES INC

Neurocrine Biosciences Inc is a biopharmaceutical company focused on developing and commercializing treatments for neurological, psychiatric, endocrine, and immunological disorders. Its main products include FDA-approved drugs such as INGREZZA for tardive dyskinesia and chorea associated with Huntington's disease, and CRENESSITY for classic congenital adrenal hyperplasia. The company serves patients in the United States and select international markets through specialty pharmacy networks and a specialized sales force.

Snapshot

Revenue
$2.86B
Revenue growth (YoY)
21.4%
Net income
$478.6M
Diluted EPS
$4.67
Gross margin
Operating margin
21.6%
Net margin
16.7%
FCF margin
26.2%
ROE
14.7%
net income / fiscal-year-end equity
P/E
22.8×
trailing when available, otherwise FY EPS
Market cap
$15.85B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Neurocrine Biosciences

  • Revenue grew 21.4% to $2.9B in FY2025, slower than the 24.8% the year before.
  • Operating margin is 21.6% in FY2025, +12.6 pp against 9.0% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $959M, up 39.5% from Q2 FY2025.
  • Free cash flow was $749M in FY2025, 26.2% of revenue.
  • Net income rose 40.2% to $479M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Neurocrine Biosciences’s fundamentals sit among the 71 biotech companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin21.6%
63rd percentile of 31
Net margin16.7%
61st percentile of 32
FCF margin26.2%
78th percentile of 28
Revenue growth (YoY)+21.4%
54th percentile of 64
ROE14.7%
82nd percentile of 61
P/E22.8×
63rd percentile of 20
Short interest3.42d
16th percentile of 71

No reported insider purchases (code P) in the last 90 days; 15 insider sales totaling $11.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
6
6 trimmed, 0 exited
Combined position
$2.43B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$941.2M5.6MAdded
AQR Capital ManagementquantQ2 2026$643.5M3.8MReduced
Renaissance TechnologiesquantQ2 2026$393.7M2.3MReduced
Two Sigma InvestmentsquantQ2 2026$349.9M2.1MReduced
Gotham Asset ManagementQ2 2026$62.6M371.6KAdded
Bridgewater AssociatesQ2 2026$34.7M205.7KAdded
Citadel AdvisorsquantQ2 2026$2.0M11.9KReduced
Millennium ManagementquantQ2 2026$2.0M11.6KReduced
D. E. ShawquantQ2 2026$943,6275.6KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
15
$11.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-28
filed 2026-07-30
Norwalk Leslie VDirectorSell1.3K$182.01$228K
2026-07-10
filed 2026-07-13
Delaet IngridChief Regulatory OfficerSell4.4K$181.02$791K
2026-07-09
filed 2026-07-13
Lippoldt DarinChief Legal OfficerSell10.0K$179.60$1.8M
2026-07-09
Delaet IngridChief Regulatory OfficerSell8.4K$178.72$1.5M
2026-07-08
filed 2026-07-09
Delaet IngridChief Regulatory OfficerSell2.7K$178.54$489K
2026-07-07
filed 2026-07-09
Delaet IngridChief Regulatory OfficerSell3.4K$178.57$607K
2026-06-29
filed 2026-06-30
Lippoldt DarinChief Legal OfficerSell8.1K$170.03$1.4M
2026-06-29
filed 2026-06-30
Lippoldt DarinChief Legal OfficerSell1.7K$170.81$289K
2026-06-26
filed 2026-06-30
Lippoldt DarinChief Legal OfficerSell200$169.56$34K
2026-06-05
filed 2026-06-09
SHERWIN STEPHEN ADirectorSell7.9K$163.81$1.3M
2026-06-05
filed 2026-06-09
SHERWIN STEPHEN ADirectorSell6.9K$165.79$1.1M
2026-06-05
filed 2026-06-09
SHERWIN STEPHEN ADirectorSell5.8K$166.56$971K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.6M
settled 2026-08-14
Change vs prior
+3.7%
vs previous settlement
Days to cover
3.42
at avg daily volume
Avg daily volume
1.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.6M+3.7%3.42
2026-07-314.4M-17.7%3.01
2026-07-155.3M-3.5%4.91
2026-06-305.5M-2.8%4.20
2026-06-155.7M+2.9%5.04
2026-05-295.5M+7.2%4.96
2026-05-155.2M-13.9%3.69
2026-04-306.0M+6.2%5.15

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.86B$2.36B$1.89B$1.49B$1.13B
Gross profit
Operating income$619.1M$570.5M$250.9M$249.0M$102.5M
Net income$478.6M$341.3M$249.7M$154.5M$89.6M
Diluted EPS$4.67$3.29$2.47$1.56$0.92

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$713.0M$233.0M$251.1M$262.9M$340.8M
Current assets$2.52B$1.72B$1.61B$1.45B$972.8M
Total assets$4.63B$3.72B$3.25B$2.37B$2.07B
Current liabilities$743.4M$507.7M$654.8M$537.7M$245.8M
Long-term debt
Total liabilities$1.38B$1.13B$1.02B$660.9M$698.5M
Total equity$3.25B$2.59B$2.23B$1.71B$1.37B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$782.7M$595.4M$389.9M$339.4M$256.5M
Capital expenditure$34.0M$38.2M$28.3M$16.5M$23.4M
Free cash flow$748.7M$557.2M$361.6M$322.9M$233.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$959.0M39.5%$144.4M$1.39
Q1 FY2026$814.5M42.2%$197.9M$1.91
Q4 FY2025$805.5M28.3%$153.7M$1.48
Q3 FY2025$794.9M27.8%$209.5M$2.04
Q2 FY2025$687.5M16.5%$107.5M$1.06
Q1 FY2025$572.6M11.1%$7.9M$0.08
Q4 FY2024$627.7M21.8%$103.1M$1.00
Q3 FY2024$622.1M24.7%$129.8M$1.24

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryBiological Products, (No Diagnostic Substances)
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK914475

Selected SEC filings

10-Q2026-07-31
View on EDGAR →
8-K/A2026-07-31
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-05-28
View on EDGAR →
8-K2026-05-18
View on EDGAR →

Largest biotech peers

All biotech stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.