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Crinetics Pharmaceuticals CRNX Business Segments — Expenses Related To Paltusotine

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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:ExpensesRelatedToPaltusotine.

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
Less:
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)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Crinetics Pharmaceuticals's business segments — expenses related to paltusotine?
Crinetics Pharmaceuticals (CRNX) reported business segments — expenses related to paltusotine of $11.87M in Q1 2026.
How has Crinetics Pharmaceuticals's business segments — expenses related to paltusotine changed year-over-year?
Crinetics Pharmaceuticals's business segments — expenses related to paltusotine decreased by 31.2% year-over-year, from $17.25M to $11.87M.
What does business segments — expenses related to paltusotine mean?
This metric tracks the specific research and development expenditures allocated to the clinical advancement of the Paltusotine program. It encompasses costs related to clinical trials, regulatory filings, and manufacturing development for this specific therapeutic candidate. Investors use this to gauge the capital intensity and progress of the company's lead pipeline assets.

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