Pulling SEC filings + quote and writing the call…

Crinetics Pharmaceuticals, Inc.
Next earnings Aug 5, 2026 (after close) · consensus $-1.26 EPS, $15.1M rev
Last earnings +4.3% on 2026-05-07
Newly commercial endocrine biotech with PALSONIFY launch + $1.4B cash post-raise, but valuation is a story stock at 492x sales.
Revenue $7.70M · FY2025
Crinetics just crossed the most important threshold in biotech: PALSONIFY (paltusotine) received FDA approval on September 25, 2025 as the first and only once-daily oral somatostatin receptor ligand for acromegaly, and the MD&A reports $5.4M of net product revenue in Q4 2025 alone — meaning the bulk of FY2025's $7.7M revenue came from just one commercial quarter, with launch metrics (200+ enrollment forms, 125+ unique prescribers, ~50% reimbursed without bridge supplies) that look orderly for a rare-disease launch. The CHMP positive opinion in February 2026 puts EU approval on track for H1 2026, and the pipeline behind PALSONIFY (atumelnant in CAH with Phase 3 CALM-CAH and Phase 2/3 BALANCE-CAH dosing started, CRN09682 in Phase 1/2) is genuinely deep for a sub-$4B company.
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $4.01M | $1.04M | $7.70M |
| Gross profit | — | — | — | — | — |
| Operating income | -$108M | -$168M | -$223M | -$339M | -$517M |
| Net income | -$108M | -$164M | -$215M | -$298M | -$465M |
| Diluted EPS | -$2.80 | -$3.15 | -$3.69 | -$3.69 | -$4.95 |
| Net margin | — | — | -5345.9% | -28720.7% | -6046.2% |
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.
Annual meeting vote results filed; routine governance disclosure, no strategic change.
Q1'26 10-Q post $380M raise; ~$1.4B liquidity funds CAH/acromegaly buildout.
Q1'26 10-Q post $380M raise; ~$1.4B liquidity funds CAH/acromegaly buildout.
2026 proxy: director slate and exec comp post-commercial transition; routine.
Executive/director change disclosed; leadership transition during commercial ramp.
Officer/director change announced; potential leadership reshuffle post-launch.
Change in independent auditor reported; routine but worth monitoring transition.
FY25 10-K: PALSONIFY FDA-approved Sept'25, EU CHMP positive, atumelnant Ph3 dosed.
FY25 10-K: PALSONIFY FDA-approved Sept'25, EU CHMP positive, atumelnant Ph3 dosed.
Sources: SEC EDGAR (CIK 0001658247, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/25/2026, 1:16:49 PM.
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Last 90 days: 0 open-market buys · 2 sales
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Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
1 buy · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1043 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.