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Crinetics Pharmaceuticals CRNX Product revenue, net — Total Revenue

Other product segments

Collaboration and license revenue
$428K+18.6%

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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$8.9B+233%
Enterprise value$8.84B+231%
P/S492.8×-1,427×

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×
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 source filing: Crinetics Pharmaceuticals’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:21 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001658247-26-000040
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Revenue:
Product revenue, net$10,306
Collaboration and license revenue428361
Total revenue10,734361
Operating expenses:
Cost of product revenue200
Research and development100,08176,240
Selling, general and administrative50,83135,526

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

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.

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