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Neurocrine Biosciences NBIX Net product sales — Total revenues

Other product segments

Collaboration revenues
$3.5M-60.7%

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Other financials

Income statement

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Revenue$814.5M+42.2%
Gross profit$800.7M+42.1%
Operating income$193.4M+719%
Net income$197.9M+2,405%
EPS (diluted)$1.91+2,287%

Balance sheet

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Cash & equivalents$274.5M+35.8%
Total debt$463.5M-6.0%
Total equity$3.4B+34.4%
Total assets$4.9B+33.0%

Cash flow

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Operating cash flow$145.8M+125%
CapEx$9.1M-15.0%
Free cash flow$136.7M+153%

Valuation

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Market cap$16.42B+28.9%
Enterprise value$16.61B+28.2%
P/E24.6×-12.0×
P/S5.3×+0.2×

Profitability

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Gross margin98.2%-0.3pp
Operating margin25.4%+4.9pp
Net margin21.6%+8.9pp
FCF margin26.8%+6.4pp

Returns & leverage

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Return on equity22.5%+10.1pp
Debt / equity0.1×-0.1×
Current ratio2.9×-0.2×

Where this comes from

Reported directly by Neurocrine Biosciences in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Neurocrine Biosciences’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000914475-26-000026
(in millions, except per share data)Three Months Ended March 31, 20262025
Revenues:
Net product sales$811.0$563.7
Collaboration revenues3.58.9
Total revenues814.5572.6
Operating expenses:
Cost of revenues13.89.2
Research and development296.2263.2
Acquired in-process research and development21.20.1

Item 1. Financial Statements

FAQ

What is Neurocrine Biosciences's net product sales — total revenues?
Neurocrine Biosciences (NBIX) reported net product sales — total revenues of $811M in Q1 2026.
How has Neurocrine Biosciences's net product sales — total revenues changed year-over-year?
Neurocrine Biosciences's net product sales — total revenues increased by 43.9% year-over-year, from $563.7M to $811M.
What is the long-term trend for Neurocrine Biosciences's net product sales — total revenues?
Over 4 years (2021 to 2025), Neurocrine Biosciences's net product sales — total revenues has grown at a 27.0% compound annual growth rate (CAGR), from $1.09B to $2.83B.
What does net product sales — total revenues mean?
This metric represents the total gross revenue generated from the sale of pharmaceutical products, net of allowances, rebates, and returns. It serves as the primary indicator of the commercial success and market adoption of the company's therapeutic portfolio. By isolating product-driven income, it allows investors to assess the core operational performance of the company's drug commercialization strategy.

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