Pulling SEC filings + quote and writing the call…

CORCEPT THERAPEUTICS INC
Next earnings Jul 29, 2026 · consensus $0.00 EPS, $223M rev
Last earnings -0.2% on 2026-04-30
Growing Cushing's-drug maker reinvesting heavily in its pipeline, but a 97.5x P/E, falling earnings and generic risk cap the case.
Middling fundamentals and a rich price (~92% above fair value) leave little margin of safety — a wait-and-see.
Corcept sells cortisol-modulator therapies (Korlym) for hypercortisolism (Cushing's syndrome), and the franchise is still growing — FY2025 revenue rose 12.8% to $761M, extending the climb from $366M in FY2021. The balance sheet is clean (no debt, liabilities/equity 0.29x, $120M cash), and management bought back $173M of stock (up ~10x), signaling confidence.
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $366M | $402M | $482M | $675M | $761M |
| Gross profit | — | — | — | — | — |
| Operating income | $124M | $113M | $107M | $137M | $44.8M |
| Net income | $113M | $101M | $106M | $141M | $99.7M |
| Diluted EPS | $0.89 | $0.87 | $0.94 | $1.23 | $0.82 |
| Net margin | 30.7% | 25.2% | 22.0% | 20.9% | 13.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Sources: SEC EDGAR (CIK 0001088856, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/21/2026, 8:51:30 PM.
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Last 90 days: 0 open-market buys · 11 sales
| 2026-06-17 | MAHONEY DAVID L Director | Sell | 20.0K @ $84.53 | $1.69M |
| 2026-06-16 | WILSON JAMES N Director | Sell | 4.18K @ $82.69 | $345K |
| 2026-06-16 | WILSON JAMES N Director | Sell | 5.82K @ $83.57 | $487K |
| 2026-06-15 | Mokari Atabak Chief Financial Officer | Exercise | 40.0K @ $19.26 | $770K |
| 2026-06-15 | Mokari Atabak Chief Financial Officer | Sell | 9.43K @ $80.02 | $755K |
| 2026-06-15 | Mokari Atabak Chief Financial Officer | Sell | 11.1K @ $80.94 | $897K |
| 2026-06-15 | Mokari Atabak Chief Financial Officer | Sell | 19.5K @ $81.81 | $1.59M |
| 2026-06-15 | Mokari Atabak Chief Financial Officer | Sell | 2.00 @ $82.45 | $164.90 |
| 2026-06-02 | Guyer William Chief Development Officer | Exercise | 20.0K @ $21.65 | $433K |
| 2026-06-02 | Guyer William Chief Development Officer | Sell | 20.0K @ $70.60 | $1.41M |
| 2026-06-02 | Lyon Joseph Douglas See Remarks | Tax | 269.00 @ $70.44 | $18.9K |
| 2026-06-02 | Maduck Sean See Remarks | Tax | 452.00 @ $70.44 | $31.8K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
1043 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.