What does product revenue, net — total revenue mean?

This metric represents the net revenue generated specifically from the sale of pharmaceutical products, excluding income from licensing, collaborations, or research grants. It serves as a primary indicator of the company's transition from a clinical-stage research entity to a commercial-stage enterprise. Tracking this figure helps investors evaluate the market adoption and commercial viability of the company's therapeutic portfolio.

Crinetics Pharmaceuticals CRNX Product revenue, net — Total Revenue

Other product segments

Collaboration and license revenue

$428K+18.6%

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$159.88M+43.3%

BBIONet product revenue — Revenue

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Other financials

Income statement

See full

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

See full

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

See full

Market cap$3.78B+21.9%

Enterprise value$3.71B+21.5%

P/S209.3×-3,875×

Profitability

See full

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

See full

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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 product revenue, net — total revenue?: Crinetics Pharmaceuticals (CRNX) reported product revenue, net — total revenue of $10.31M in Q1 2026.
What does product revenue, net — total revenue mean?: This metric represents the net revenue generated specifically from the sale of pharmaceutical products, excluding income from licensing, collaborations, or research grants. It serves as a primary indicator of the company's transition from a clinical-stage research entity to a commercial-stage enterprise. Tracking this figure helps investors evaluate the market adoption and commercial viability of the company's therapeutic portfolio.