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Crinetics Pharmaceuticals CRNX Business Segments — R&D

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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:ResearchAndDevelopmentExpense.

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
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)
Total research and development expenses(100,081)(76,240)
Selling, general and administrative
Other selling, general and administrative expenses (2)(20,442)(14,774)
Selling, general and administrative personnel expenses(20,037)(12,093)
Selling, general and administrative stock-based compensation(10,352)(8,659)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Crinetics Pharmaceuticals's business segments — R&D?
Crinetics Pharmaceuticals (CRNX) reported business segments — R&D of $100.08M in Q1 2026.
How has Crinetics Pharmaceuticals's business segments — R&D changed year-over-year?
Crinetics Pharmaceuticals's business segments — R&D increased by 31.3% year-over-year, from $76.24M to $100.08M.
What does business segments — R&D mean?
This metric represents the total aggregate expenditure on research and development activities across the entire business segment. It is a critical indicator of the company's investment in innovation and its commitment to advancing its drug pipeline. For clinical-stage companies, this is often the primary driver of operating cash burn.

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