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Crinetics Pharmaceuticals CRNX Business Segments — Expenses Related To Atumelnant

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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 crnx:ExpensesRelatedToAtumelnant.

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
Cost of product revenue(200)
Research and development
Paltusotine(11,869)(17,251)
Atumelnant(20,267)(7,749)
Other research and development programs(9,667)(7,058)
Research and development personnel expenses(30,649)(25,627)
Research and development stock-based compensation(19,328)(11,819)
Other research and development (1)(8,301)(6,736)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Crinetics Pharmaceuticals's business segments — expenses related to atumelnant?
Crinetics Pharmaceuticals (CRNX) reported business segments — expenses related to atumelnant of $20.27M in Q1 2026.
How has Crinetics Pharmaceuticals's business segments — expenses related to atumelnant changed year-over-year?
Crinetics Pharmaceuticals's business segments — expenses related to atumelnant increased by 161.5% year-over-year, from $7.75M to $20.27M.
What does business segments — expenses related to atumelnant mean?
This metric measures the total investment directed toward the research and development of the Atumelnant program. It reflects the financial resources dedicated to advancing this specific candidate through the clinical pipeline. High or increasing levels indicate active development efforts and the prioritization of this asset within the company's R&D strategy.

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