NEUROCRINE BIOSCIENCES INC
Business
Neurocrine Biosciences is a neuroscience-focused biopharmaceutical company discovering, developing, and commercializing treatments for neurological, psychiatric, endocrine, and immunological disorders. The company markets FDA-approved products INGREZZA (valbenazine) for tardive dyskinesia and Huntington's disease chorea, and CRENESSITY (crinecerfont) for congenital adrenal hyperplasia, with a co-developed endometriosis/uterine fibroid treatment via AbbVie. The company operates through a specialized U.S. sales force of approximately 600 professionals targeting neurology, psychiatry, long-term care, and rare disease markets, supported by third-party manufacturers and specialty pharmacy distributors. Its pipeline includes late-stage candidates in major depressive disorder and schizophrenia alongside early-stage programs in psychiatry, neurology, endocrinology, and metabolic disease.
Summary from 10-K filed 2026-02-11
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 | 2,861 | 2,355 | 1,887 | 1,489 | 1,134 | |
| Cost of revenues | 52 | 34 | 40 | 23 | 14 | |
| Research and development | 1,016 | 731 | 565 | 464 | 328 | |
| Acquired in-process research and development | 17 | 13 | 144 | 0 | 105 | |
| Selling, general, and administrative | 1,156 | 1,007 | 888 | 753 | 583 | |
| Total operating expenses | 2,241 | 1,785 | 1,636 | 1,240 | 1,031 | |
| Operating income | 619 | 571 | 251 | 249 | 103 | |
| Unrealized (loss) gain on equity investments | −4 | −37 | 28 | 31 | 21 | |
| Charges associated with convertible senior notes | 0 | −138 | 0 | −70 | — | |
| Investment income and other, net | 90 | 91 | 53 | 4 | 4 | |
| Total other income (expense), net | 86 | −85 | 81 | −35 | −1 | |
| Income before provision for income taxes | 705 | 486 | 332 | 214 | 101 | |
| Provision for income taxes | 227 | 145 | 82 | 59 | 12 | |
| Net income | 479 | 341 | 250 | 155 | 90 | |
| Foreign currency translation adjustments, net of tax | 4 | −1 | 2 | 3 | 0 | |
| Unrealized gain (loss) on available-for-sale debt securities, net of tax | 4 | −100,000 | 13 | −9 | −4 | |
| Comprehensive income | 486 | 340 | 265 | 148 | 86 | |
| Earnings per share, basic (in USD per share) | 4.81 | 3.4 | 2.56 | 1.61 | 0.95 | |
| Earnings per share, diluted (in USD per share) | 4.67 | 3.29 | 2.47 | 1.56 | 0.92 | |
| Weighted average common shares outstanding, basic (in shares) | 100 | 100 | 98 | 96 | 95 | |
| Weighted average common shares outstanding, diluted (in shares) | 103 | 104 | 101 | 99 | 98 |
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 | 713 | 233 | 251 | 263 | 341 | |
| Available-for-sale debt securities | 767 | 843 | 781 | 726 | 371 | |
| Accounts receivable | 687 | 479 | 439 | 350 | 186 | |
| Inventory | 69 | 57 | 38 | 35 | 31 | |
| Prepaid expenses | 171 | 49 | — | — | — | |
| Other current assets | 116 | 64 | 98 | 79 | 46 | |
| Total current assets | 2,523 | 1,725 | 1,607 | 1,454 | 973 | |
| Deferred tax assets | 320 | 486 | 363 | 306 | 315 | |
| Available-for-sale debt securities | 1,063 | 740 | 688 | 299 | — | |
| Right-of-use assets | 455 | 509 | 277 | 87 | 97 | |
| Equity investments | 121 | 125 | 162 | 102 | — | |
| Property and equipment, net | 90 | 83 | 71 | 59 | 59 | |
| Other noncurrent assets | 60 | 52 | 50 | 25 | 4 | |
| Total assets | 4,632 | 3,719 | 3,251 | 2,369 | 2,073 | |
| Accounts payable and accrued liabilities | 674 | 462 | 449 | 348 | 226 | |
| Other current liabilities | 69 | 46 | 36 | 21 | 20 | |
| Total current liabilities | 743 | 508 | 655 | 538 | 246 | |
| Noncurrent operating lease liabilities | 415 | 455 | 258 | 94 | 105 | |
| Other noncurrent liabilities | 220 | 166 | 106 | 30 | 12 | |
| Total liabilities | 1,378 | 1,129 | 1,019 | 661 | 699 | |
| Preferred stock, $0.001 par value; 5.0 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value; 220.0 shares authorized; 100.1 and 99.4 shares issued and outstanding, respectively | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
| Additional paid-in capital | 2,792 | 2,555 | 2,382 | 2,122 | 2,011 | |
| Accumulated other comprehensive income | 13 | 6 | 7 | −8 | −2 | |
| Retained earnings | 448 | 29 | −157 | −407 | −636 | |
| Total stockholders equity | 3,253 | 2,590 | 2,232 | 1,708 | 1,374 | |
| Total liabilities and stockholders equity | 4,632 | 3,719 | 3,251 | 2,369 | 2,073 |
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 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 218 | 196 | 194 | 173 | 134 | |
| Impairment charges associated with leased properties | 700,000 | 14 | 0 | — | — | |
| Depreciation | 26 | 24 | 18 | 15 | 11 | |
| Accretion of discount on available-for-sale debt securities, net | −13 | −26 | −18 | 4 | 7 | |
| Amortization of acquired intangible assets | 4 | 4 | 4 | 500,000 | 0 | |
| Deferred tax assets | 165 | −123 | −57 | 19 | 4 | |
| Non-cash lease expense | 27 | 10 | −900,000 | — | — | |
| Other | 700,000 | 100,000 | 700,000 | 2 | −3 | |
| Accounts receivable | −211 | −40 | −89 | −162 | −28 | |
| Inventory | −15 | −19 | 5 | −3 | −3 | |
| Accounts payable and accrued liabilities | 160 | 43 | 49 | 115 | 57 | |
| Income tax assets and liabilities | −19 | 50 | 92 | — | — | |
| Other assets and liabilities, net | −44 | −54 | −29 | −17 | −9 | |
| Cash flows from operating activities | 783 | 595 | 390 | 339 | 257 | |
| Purchases of available-for-sale debt securities | −1,320 | −1,056 | −1,380 | −621 | −800 | |
| Sales and maturities of available-for-sale debt securities | 1,089 | 968 | 972 | 511 | 698 | |
| Purchases of equity investments | 0 | 0 | −31 | −8 | −5 | |
| Capital expenditures | −34 | −38 | −28 | −17 | −23 | |
| Cash flows from investing activities | −264 | −127 | −467 | −177 | −130 | |
| Issuances of common stock under benefit plans | 129 | 122 | 65 | 45 | 28 | |
| Repurchases of common stock | −168 | −300 | 0 | 0 | — | |
| Payments to settle convertible senior notes | 0 | −309 | 0 | −279 | −100,000 | |
| Cash flows from financing activities | −38 | −487 | 65 | −234 | 27 | |
| Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 300,000 | −1 | 0 | |
| Change in cash and cash equivalents and restricted cash | 480 | −18 | −12 | −73 | 154 | |
| Accrued capital expenditures | 2 | 2 | 3 | 700,000 | 2 | |
| Right-of-use assets acquired through operating leases | 0 | 272 | 201 | 0 | 23 | |
| Cash paid for interest | 0 | 2 | 4 | 7 | 9 | |
| Cash paid for income taxes | 81 | 218 | 52 | 14 | 5 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NEUROCRINE BIOSCIENCES INC's CIK number?
NEUROCRINE BIOSCIENCES INC's SEC CIK number is 0000914475 (914475). 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 NEUROCRINE BIOSCIENCES INC's SEC filings?
All of NEUROCRINE BIOSCIENCES 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 NEUROCRINE BIOSCIENCES INC last report earnings?
NEUROCRINE BIOSCIENCES INC (NBIX) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000914475-26-000025). This is NEUROCRINE BIOSCIENCES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is NEUROCRINE BIOSCIENCES INC's most recent earnings 8-K?
NEUROCRINE BIOSCIENCES INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0000914475-26-000025. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NEUROCRINE BIOSCIENCES INC's latest earnings 8-K →
Look up any company's CIK number →