Neurocrine Biosciences Inc income statement
In fiscal 2025, Neurocrine Biosciences Inc reported revenue of $2.86bn, up 21.4% on the year before, operating income of $619m (a 21.6% margin) and net income of $479m, or $4.67 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 34 | 77 | 53 | 3 | 0 | 20 | 15 | 162 | 451 | 788 | 1,046 | 1,134 | 1,489 | 1,887 | 2,355 | 2,861 | 3,702 |
| Cost of revenue | — | — | — | — | — | — | — | 0 | 1 | 5 | — | 10 | 14 | 23 | 40 | 34 | 52 | — |
| Gross profit | — | — | — | — | — | — | — | 15 | 160 | 446 | — | 1,036 | 1,119 | 1,466 | 1,847 | 2,321 | 2,808 | — |
| Research and development | 34 | 31 | 31 | 37 | 39 | 46 | 81 | 94 | 122 | 161 | — | 275 | 328 | 464 | 565 | 731 | 1,016 | 1,233 |
| Selling, general and administrative | — | — | — | — | — | — | 32 | 68 | 170 | 249 | 354 | 433 | 583 | 753 | 888 | 1,007 | 1,156 | 1,426 |
| General and administrative | 14 | 13 | 12 | 13 | 13 | 18 | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | −54 | −14 | 34 | 1 | −50 | −64 | −94 | −147 | −131 | 37 | 72 | 163 | 103 | 249 | 251 | 571 | 619 | 887 |
| Interest expense | — | — | — | — | — | — | 0 | 0 | 20 | 31 | 32 | 33 | 26 | 7 | 5 | — | — | — |
| Income before tax | — | — | — | — | — | — | — | −141 | −143 | 22 | 47 | 107 | 101 | 214 | 332 | 486 | 705 | 932 |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 10 | −301 | 12 | 59 | 82 | 145 | 227 | 230 |
| Net income | −51 | −8 | 38 | 5 | −46 | −61 | −89 | −141 | −143 | 21 | 37 | 407 | 90 | 155 | 250 | 341 | 479 | 703 |
| Diluted EPS | −$1.30 | −$0.15 | $0.67 | $0.08 | −$0.69 | −$0.81 | −$1.05 | −$1.63 | −$1.62 | $0.22 | $0.39 | $4.16 | $0.92 | $1.56 | $2.47 | $3.29 | $4.67 | $6.74 |
| Diluted shares (average) | 39m | 53m | 56m | 67m | 67m | 75m | 84m | 87m | 88m | 95m | 96m | 98m | 98m | 99m | 101m | 104m | 103m | 104m |
| EBITDA | −50 | −12 | 35 | 2 | −49 | −64 | −93 | −146 | −129 | 41 | 80 | 172 | 113 | 264 | 269 | 594 | 645 | 918 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 628 | 573 | 688 | 795 | 806 | 815 | 959 | 1,123 |
| Cost of revenue | 9 | 9 | 11 | 14 | 18 | 14 | — | — |
| Gross profit | 618 | 563 | 676 | 781 | 788 | 801 | — | — |
| Research and development | 186 | 263 | 244 | 250 | 258 | 296 | 327 | 352 |
| Selling, general and administrative | 288 | 277 | 286 | 292 | 302 | 319 | 440 | 366 |
| Operating income | 142 | 24 | 146 | 239 | 211 | 193 | 152 | 331 |
| Interest expense | — | — | 0 | 0 | — | — | 3 | 0 |
| Income before tax | 163 | 15 | 160 | 292 | 239 | 247 | 162 | 284 |
| Income tax | 60 | 7 | 52 | 82 | 86 | 49 | 18 | 77 |
| Net income | 103 | 8 | 108 | 210 | 154 | 198 | 144 | 207 |
| Diluted EPS | $1.00 | $0.08 | $1.06 | $2.04 | $1.48 | $1.91 | $1.39 | $1.96 |
| EBITDA | 148 | 30 | 152 | 246 | 217 | 201 | 160 | 340 |
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