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Other financials

Income statement

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Revenue$10.7M+2,873%
Gross profit$10.5M+2,818%
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:OperatingIncomeLoss.

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 development100,08176,240
Selling, general and administrative50,83135,526
Total operating expenses151,112111,766
Loss from operations(140,378)(111,405)
Other income (expense):
Interest income12,66414,834
Other expense, net(131)(203)
Total other income, net12,53314,631

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Crinetics Pharmaceuticals's operating income?
Crinetics Pharmaceuticals (CRNX) reported operating income of -$140.38M in Q1 2026.
How has Crinetics Pharmaceuticals's operating income changed year-over-year?
Crinetics Pharmaceuticals's operating income decreased by 26.0% year-over-year, from -$111.41M to -$140.38M.
What is the long-term trend for Crinetics Pharmaceuticals's operating income?
Over 4 years (2021 to 2025), Crinetics Pharmaceuticals's operating income has grown at a 48.0% compound annual growth rate (CAGR), from -$107.7M to -$516.77M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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