What does license — milestone revenue mean?

Revenue recognized upon the successful achievement of specific, contractually defined events such as regulatory approvals or clinical trial results. This metric tracks the realization of variable consideration within licensing agreements. It is a vital indicator of the company's ability to successfully advance its pipeline and convert research progress into financial results.

Crinetics Pharmaceuticals CRNX License — Milestone revenue

Similar metrics at other companies

CYTKLicense And Milestone Revenues — Revenue

$11.93M—

EXELLicense revenues — Revenue from contract with customer, commercial sales milestone

$5.3M+393%

AXSMMilestone Revenue — Revenue

$500K—

AXSMRoyalty And Milestone Revenue — Revenue

$1.8M+63.2%

DNTHMilestone — Revenue Recognition Milestone Method Pending

$15M0.0%

INCYMilestone and contract revenues — Total revenues

$17M—

Other financials

Income statement

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Revenue$10.7M+2,873%

Gross profit$10.5M+2,818%

Operating income-$140.4M-26.0%

Net income-$127.8M-32.1%

EPS (diluted)-$1.23-18.3%

Balance sheet

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Cash & equivalents$115.1M+20.1%

Total debt$47.9M-5.8%

Total equity$1.3B+2.1%

Total assets$1.4B+2.9%

Cash flow

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Operating cash flow-$124.7M-41.0%

CapEx$820.0K-33.8%

Free cash flow-$125.5M-40.0%

Valuation

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Market cap$3.79B+21.9%

Profitability

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Gross margin150%-15.6pp

Operating margin-3,020.3%-1,463pp

Net margin-2,747.2%-1,328pp

FCF margin-2,321.7%-1,122pp

Returns & leverage

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Return on equity-39.2%+14.5pp

Debt / equity0×0.0×

Current ratio18.6×-3.9×

Where this comes from

Reported directly by Crinetics Pharmaceuticals in its filing.

Tagged under the XBRL concept crnx:MilestoneRevenue.

The official record: Crinetics Pharmaceuticals’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Crinetics Pharmaceuticals's license — milestone revenue?: Crinetics Pharmaceuticals (CRNX) reported license — milestone revenue of $1.5M in Q2 2026.
What does license — milestone revenue mean?: Revenue recognized upon the successful achievement of specific, contractually defined events such as regulatory approvals or clinical trial results. This metric tracks the realization of variable consideration within licensing agreements. It is a vital indicator of the company's ability to successfully advance its pipeline and convert research progress into financial results.