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Crinetics Pharmaceuticals CRNX Business Segments — Cost of product revenue

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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:CostOfRevenue.

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
Collaboration and license revenue428361
Total revenue10,734361
Operating expenses:
Cost of product revenue200
Research and development100,08176,240
Selling, general and administrative50,83135,526
Total operating expenses151,112111,766
Loss from operations(140,378)(111,405)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Crinetics Pharmaceuticals's business segments — cost of product revenue?
Crinetics Pharmaceuticals (CRNX) reported business segments — cost of product revenue of $200K in Q1 2026.
What does business segments — cost of product revenue mean?
This metric captures the direct costs associated with producing and delivering the pharmaceutical products sold by the segment. It includes expenses such as manufacturing, packaging, and logistics required to bring products to market. Tracking this helps evaluate the gross margin efficiency of the company's commercialized portfolio.

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