What is Crinetics Pharmaceuticals's deferred revenue?

Crinetics Pharmaceuticals (CRNX) reported deferred revenue of $1.27M in Q1 2026.

How has Crinetics Pharmaceuticals's deferred revenue changed year-over-year?

Crinetics Pharmaceuticals's deferred revenue decreased by 42.4% year-over-year, from $2.21M to $1.27M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Crinetics Pharmaceuticals CRNX Deferred Revenue

Deferred Revenue at other companies

Rhythm Pharmaceuticals, Inc.RYTM

$48K-96.3%

BridgeBio PharmaBBIO

$6.12M-65.1%

Arrowhead ResearchARWR

$108.54M+151%

ALN

Alnylam PharmaceuticalsALNY

$3.21M-88.6%

PTC TherapeuticsPTCT

$498K-96.1%

Arcus BiosciencesRCUS

$34M-52.8%

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$3.79B+21.9%

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 / equity0×0.0×

Current ratio18.6×-3.9×

Where this comes from

Reported directly by Crinetics Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Crinetics Pharmaceuticals’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Crinetics Pharmaceuticals's deferred revenue?: Crinetics Pharmaceuticals (CRNX) reported deferred revenue of $1.27M in Q1 2026.
How has Crinetics Pharmaceuticals's deferred revenue changed year-over-year?: Crinetics Pharmaceuticals's deferred revenue decreased by 42.4% year-over-year, from $2.21M to $1.27M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.