Pulling SEC filings + quote and writing the call…

NEUROCRINE BIOSCIENCES INC
Next earnings Jul 28, 2026 · consensus $1.61 EPS, $884M rev
Last earnings +0.7% on 2026-05-05
Profitable neuroscience pharma compounding 20%+, INGREZZA cash cow plus CRENESSITY launch and a deep late-stage pipeline, at a reasonable 33.9x.
Sources: SEC EDGAR (CIK 0000914475, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:43:57 PM.
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Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
Neurocrine is a rare profitable, fast-growing specialty pharma. Revenue has compounded from $1.13B (FY2021) to $2.86B (FY2025), up 21.4% last year, with net income up 40.2% to $479M and diluted EPS up 41.9% to $4.67. The engine is INGREZZA (valbenazine) for tardive dyskinesia and Huntington's chorea, which did $2.51B of net product sales in 2025, supplemented by CRENESSITY (crinecerfont) for CAH, which delivered $301.2M in its first full year after a December 2024 launch. Operating margin is a healthy 21.6% and operating cash flow grew 31.5% to $783M, funding R&D internally.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.13B | $1.49B | $1.89B | $2.36B | $2.86B |
| Gross profit | — | — | — | — | — |
| Operating income | $103M | $249M | $251M | $571M | $619M |
| Net income | $89.6M | $155M | $250M | $341M | $479M |
| Diluted EPS | $0.92 | $1.56 | $2.47 | $3.29 | $4.67 |
| Net margin | 7.9% | 10.4% | 13.2% | 14.5% | 16.7% |
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.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Disclosed under the STOCK Act
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.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
1074 tracked peers · median
Last 90 days: 0 open-market buys · 14 sales
| 2026-06-05 | SHERWIN STEPHEN A Director | Exercise | 15.0K @ $53.64 | $805K |
| 2026-06-05 | SHERWIN STEPHEN A Director | Exercise | 10.0K @ $79.79 | $798K |
| 2026-06-05 | SHERWIN STEPHEN A Director | Sell | 7.88K @ $163.81 | $1.29M |
| 2026-06-05 | SHERWIN STEPHEN A Director | Sell | 2.55K @ $164.44 | $419K |
| 2026-06-05 | SHERWIN STEPHEN A Director | Sell | 6.90K @ $165.79 | $1.14M |
| 2026-06-05 | SHERWIN STEPHEN A Director | Sell | 5.83K @ $166.56 | $971K |
| 2026-06-05 | SHERWIN STEPHEN A Director | Sell | 1.84K @ $167.31 | $308K |
| 2026-06-05 | Onyia Jude Chief Scientific Officer | Gift | 2.44K | |
| 2026-06-04 | Norwalk Leslie V Director | Sell | 1.25K @ $168.06 | $210K |
| 2026-06-02 | Cooke Julie Chief Human Resources Officer | Exercise | 25.0K @ $81.49 | $2.03M |
| 2026-06-02 | Cooke Julie Chief Human Resources Officer | Sell | 14.2K @ $154.83 | $2.20M |
| 2026-06-02 | Cooke Julie Chief Human Resources Officer | Sell | 5.47K @ $155.46 | $850K |