BIOCRYST PHARMACEUTICALS INC
Business
BioCryst Pharmaceuticals is a global biotechnology company focused on developing and commercializing medicines for hereditary angioedema and other rare diseases. The company markets ORLADEYO, an oral once-daily therapy for HAE prevention, and is advancing a pipeline of oral small-molecule and injectable protein therapeutics through internal discovery and strategic acquisitions. BioCryst operates through established commercial infrastructure in the United States and select global markets, including partnerships in Japan, Latin America, Central & Eastern Europe, and the Middle East; it also develops peramivir for influenza and investigational programs for Netherton syndrome, diabetic macular edema, and atopic dermatitis.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 875 | 451 | 331 | 271 | 157 | |
| Cost of product sales | 19 | 12 | 4 | 6 | 7 | |
| Research and development | 166 | 175 | 217 | 253 | 209 | |
| Selling, general and administrative | 349 | 266 | 214 | 159 | 119 | |
| Total operating expenses | 534 | 453 | 435 | 419 | 335 | |
| Income (loss) from operations | 341 | −3 | −104 | −148 | −178 | |
| Interest income | 11 | 15 | 16 | 5 | — | |
| Interest expense | −79 | −99 | −108 | −99 | — | |
| Foreign currency losses, net | −152,000 | −641,000 | −1 | −2 | −695,000 | |
| Loss on extinguishment of debt | −17 | 0 | −29 | 0 | 56 | |
| Other income | 12 | 0 | 0 | — | — | |
| Total other expense, net | −74 | −84 | −123 | −96 | — | |
| Income (loss) before income taxes | 267 | −87 | −226 | −244 | −182 | |
| Income tax expense | 4 | 2 | 310,000 | 3 | 2 | |
| Net income (loss) | 264 | −89 | −227 | −247 | −184 | |
| Foreign currency translation adjustment | −674,000 | −776,000 | 180,000 | 890,000 | 189,000 | |
| Unrealized (loss) gain on available for sale investments | −209,000 | 360,000 | 1 | −1 | — | |
| Total other comprehensive (loss) income | −883,000 | −416,000 | 1 | — | — | |
| Net comprehensive income (loss) | 263 | −89 | −225 | −247 | −184 | |
| Net income (loss) per common share: basic (in usd per share) | 1.26 | −0.43 | −1.18 | −1.33 | −1.03 | |
| Weighted average shares of common stock outstanding: basic (in shares) | 210 | 207 | 192 | 186 | 179 | |
| Net income (loss) per common share: diluted (in usd per share) | 1.21 | −0.43 | −1.18 | −1.33 | −1.03 | |
| Weighted average shares of common stock outstanding: diluted (in shares) | 219 | 207 | 192 | 186 | 179 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 90 | 105 | 111 | 305 | 504 | |
| Restricted cash | 201,000 | 210,000 | 2 | 1 | 3 | |
| Short-term investments | 185 | 216 | — | — | — | |
| Trade receivables | 107 | 79 | 57 | 51 | 29 | |
| Inventory, net | 5 | 8 | 29 | 28 | 16 | |
| Prepaid expenses and other current assets | 17 | 14 | 20 | 13 | 10 | |
| Total current assets | 404 | 422 | 496 | 517 | 566 | |
| Long-term inventory, net | 24 | 23 | 0 | — | — | |
| Property and equipment, net | 9 | 8 | 8 | 9 | 9 | |
| Long-term investments | 61 | 20 | 0 | 18 | 7 | |
| Right of use assets | 10 | 12 | 13 | — | — | |
| Other assets | 6 | 5 | 80,000 | 7 | 6 | |
| Total assets | 514 | 490 | 517 | 550 | 588 | |
| Accounts payable | 16 | 12 | 21 | 14 | 28 | |
| Accrued expenses | 126 | 113 | 103 | 88 | 73 | |
| Share-based liability | 14 | 0 | — | — | — | |
| Operating lease liabilities | 317,000 | 937,000 | 1 | 2 | 2 | |
| Finance lease liabilities | 1 | 2 | 2 | 853,000 | — | |
| Royalty financing obligations | 38 | 33 | 24 | — | — | |
| Total current liabilities | 196 | 160 | 150 | 106 | 104 | |
| Operating lease liabilities | 9 | 8 | 8 | 4 | 6 | |
| Finance lease liabilities | 1 | 2 | 3 | 2 | — | |
| Royalty financing obligations | 427 | 481 | 508 | — | — | |
| Secured term loan | 0 | 315 | 303 | 232 | 136 | |
| Total liabilities | 633 | 966 | 972 | — | — | |
| Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding 213,060 and 208,543 at December 31, 2025 and 2024, respectively | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 1,385 | 1,291 | 1,222 | 1,158 | 1,098 | |
| Accumulated other comprehensive income | 38,000 | 921,000 | 1 | 26,000 | 177,000 | |
| Accumulated deficit | −1,506 | −1,770 | −1,681 | −1,455 | −1,208 | |
| Total stockholders deficit | −119 | −476 | −456 | −295 | −107 | |
| Total liabilities and stockholders deficit | 514 | 490 | 517 | 550 | 588 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | 2 | 1 | 777,000 | |
| Inventory obsolescence | 985,000 | 1 | 422,000 | 932,000 | 0 | |
| Stock-based compensation expense | 85 | 65 | 56 | 45 | 35 | |
| Equity modification associated with sale of BioCryst Ireland | 18 | 0 | 0 | — | — | |
| Mark-to-market adjustment on share-based liability | −4 | 0 | 0 | — | — | |
| Payment of Pharmakon PIK Interest | −24 | 0 | 0 | — | — | |
| Non-cash interest expense on royalty financing obligations | 53 | 56 | 70 | — | — | |
| Non-cash interest expense on secured term loan and amortization of debt issuance costs | 1 | 12 | 15 | 99 | — | |
| Amortization of discount on investments, net | −4 | −11 | −10 | −2 | −2,000 | |
| Loss on impairment | 0 | 0 | 2 | 0 | 0 | |
| Gain on sale of non-financial asset | −550,000 | 0 | 0 | — | — | |
| Gain on sale of BioCryst Ireland | −4 | 0 | 0 | — | — | |
| Increase in receivables | −37 | −23 | −6 | −21 | −21 | |
| Increase in inventory | −2 | −4 | −1 | −12 | −9 | |
| (Increase) decrease in prepaid expenses and other assets | −8 | 2 | −7 | −3 | −7 | |
| Decrease in royalty financing obligations | −68 | −77 | −29 | — | — | |
| Increase in accounts payable and accrued expenses | 58 | 15 | 13 | −22 | 39 | |
| Decrease in deferred revenue | 0 | 0 | −1 | −109,000 | 1 | |
| Net cash provided by (used in) operating activities | 347 | −52 | −95 | −162 | −142 | |
| Acquisitions of property and equipment | −2 | −1 | −2 | −1 | −2 | |
| Purchases of investments | −262 | −267 | −514 | −244 | −10 | |
| Sales and maturities of investments | 257 | 320 | 385 | 117 | 28 | |
| Sale of non-financial asset | 550,000 | 0 | 0 | — | — | |
| Proceeds from sale of BioCryst Ireland, net of cash divested | −6 | 0 | 0 | — | — | |
| Net cash (used in) provided by investing activities | −14 | 53 | −131 | −128 | 16 | |
| Net proceeds from common stock issued under stock-based compensation plans | 9 | 3 | 8 | 15 | 16 | |
| Withholding taxes paid on stock-based awards | −9 | −8 | −2 | 0 | 0 | |
| Common stock issued to directors in lieu of cash retainer | 59,000 | 34,000 | 342,000 | 190,000 | 60,000 | |
| Net proceeds from term loans | 0 | 0 | 300 | 73 | 0 | |
| Repayment of principal on term loans | −300 | 0 | −240 | — | — | |
| Prepayment premium and fees on term loans | −10 | 0 | −21 | — | — | |
| Payment of debt issuance costs on Pharmakon Tranche A term loan | 0 | 0 | −11 | 0 | 0 | |
| Principal payments on royalty financing obligations | −23 | 0 | 0 | — | — | |
| Payment of royalty release fees | −16 | 0 | 0 | — | — | |
| Principal payments on finance lease liabilities | −2 | −2 | −1 | 0 | 0 | |
| Net cash (used in) provided by financing activities | −350 | −6 | 32 | 88 | 360 | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 1 | −936,000 | 362,000 | 566,000 | 71,000 | |
| Decrease in cash, cash equivalents and restricted cash | −15 | −6 | −194 | −201 | 233 | |
| Cash paid for interest | 24 | 30 | 22 | 0 | 900,000 | |
| Taxes withheld on stock-based awards included in accrued expenses | 132,000 | 758,000 | 4 | 2 | 984,000 | |
| Capitalized software costs included in accrued expenses | 608,000 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BIOCRYST PHARMACEUTICALS INC's CIK number?
BIOCRYST PHARMACEUTICALS INC's SEC CIK number is 0000882796 (882796). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BIOCRYST PHARMACEUTICALS INC's SEC filings?
All of BIOCRYST PHARMACEUTICALS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BIOCRYST PHARMACEUTICALS INC last report earnings?
BIOCRYST PHARMACEUTICALS INC (BCRX) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-003052). This is BIOCRYST PHARMACEUTICALS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is BIOCRYST PHARMACEUTICALS INC's most recent earnings 8-K?
BIOCRYST PHARMACEUTICALS INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001171843-26-003052. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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